A delegation of European and International Monetary Fund officials began a two-week visit to Greece Monday to assess the country’s reform progress that will determine its eligibility to receive further funding under an EUR110 billion loan deal.
The interim review by the so-called troika of European Commission, European Central Bank, and IMF officials comes amid the [...]
Posts Tagged ‘financial markets’
European, IMF Officials Begin Visit To Greece Amid Protests
July 26th, 2010 by Financial Writer
Tags: business, economists, economy, european central bank, european economy, financial, financial markets, financial system, IMF, interest rates, loans, stock market
more...20% of Americans hit by major economic loss
July 22nd, 2010 by Financial Writer
A new study released Wednesday estimates that 20% of Americans suffered a significant economic loss last year - the highest level in the past 25 years.
The new Economic Security Index looks at the interaction of three key variables that have a direct bearing on a person’s economic security: income loss, medical expenses and debt.
The index, [...]
Tags: debt crisis, economic estimates, economists, financial, financial markets, financial system, money, us economic, us economy
It’s still the economy
July 20th, 2010 by Financial Writer
President Barack Obama, working with Democratic majorities in the House and Senate, accomplished many of the priorities on which he campaigned. Yet most every political observer expects the Democrats to lose seats in the November House and Senate elections, perhaps many of them.
The explanation derives from the fact that many voters supported Mr. Obama, and [...]
Tags: barack obama, central bank, economic, economists, fannie Mae, financial markets, financial system, freddie Mac, us, us economic, us economy, us stocks, wall street
Holding Bankers’ Feet to the Fire
July 18th, 2010 by Financial Writer
KUDOS to the Federal Housing Finance Agency, overseer of Fannie Mae and Freddie Mac, the crippled mortgage finance giants. While some in Washington have continued to coddle the big banks even after they drove our economy into the ditch, this agency seems serious about recovering money for taxpayers by holding bad financial actors to account.
The [...]
Tags: banks, business, economy recovery, fannie Mae, financial markets, financial system, freddie Mac, Global Economy, investors, mortgage finance, taxpayers, us economic, us stocks, wall street
European surveys fuel growth slowdown fears
June 23rd, 2010 by Financial Writer
The durability of Europe’s recovery looked more doubtful on Wednesday after key business surveys showed dimming confidence about the prospects of economies that are pressing ahead with austerity measures.
Euro zone purchasing managers indexes showed private sector firms expanded at a slightly slower pace in June, but beneath the headline figures there was feeble demand for [...]
Tags: businesses, consumers, economists, european economy, financial crisis, financial markets, us treasury, wall street
Spanish Bond Auction Brings Strong Demand
June 17th, 2010 by Financial Writer
PARIS — The Spanish government sold €3.5 billion of bonds Thursday, the maximum set for the auction, easing investor worries that the country will struggle to make ends meet without outside help.
The successful sale, worth about $4.3 billion, helped push European stocks and the euro higher.
The yield on the benchmark 10-year Spanish note fell 5 [...]
Tags: business, economic recovery, euro zone, european economy, european stocks, financial markets, financial stocks, financial system, IMF, wall street
Temasek to invest up to $300 million in AgBank IPO: source
June 14th, 2010 by Financial Writer
Singapore’s state investment fund Temasek plans to invest up to $300 million in the Agricultural Bank of China, ahead of its roughly $20 billion IPO, a source with direct knowledge of the matter said on Saturday.
Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it is less than the [...]
Tags: banks, central bank, China, economy, financial, financial markets, financial system, investors, money
Bernanke Says the Federal Debt Is ‘Unsustainable’
June 9th, 2010 by Financial Writer
WASHINGTON — The chairman of the Federal Reserve, Ben S. Bernanke, warned on Wednesday that “the federal budget appears to be on an unsustainable path,” but also recognized that the “exceptional increase” in the deficit had been necessary to ease the recession.
Mr. Bernanke’s comments before a hearing of the House Budget Committee, reiterated his view [...]
Tags: busimess, economic recovery, economy recovery, european economy, federal debt, Federal Reserve, financial, financial markets, Global Recession, recession, United States economy, us economy
Gold touches record high as investors fear recession
June 8th, 2010 by Financial Writer
Palladium contract rallies as copper bucks sector’s upward trend.
Gold futures rose to a record Tuesday, spurred by continued fears about prospects for a worldwide slide into recession and as investors sought out an alternative to currencies.
Gold for August delivery, the most active contract, added $6.40, or 0.5%, to $1,246.10 an ounce on the Comex division [...]
Tags: business investment, Debt, debt crisis, economy recovery, financial markets, inflation, investor market, money, recession, us stocks
Economy growing slowly but steadily
June 5th, 2010 by Financial Writer
The headlines right now are ominous — from the European debt crisis to a gargantuan gulf oil spill to renewed political tensions in several corners of the world. Financial markets have faltered as a result.
But the U.S. economic recovery is still plugging along.
That is the message from the latest wave of economic data, including several [...]
Tags: businesses, debt crisis, economy, economy recovery, euro zone, european economy, Federal Reserve, financial, financial markets, unemployment rate, us economic recovery, USA
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