European banks are being forced to pay more for short-term dollar borrowings than banks in the U.S. and Asia—suggesting that lenders world-wide are increasingly nervous about the risks ahead for European banks as financial pain cascades across the continent.
On Monday, the London interbank offered rate, or Libor—the rate at which banks lend money to each [...]
Posts Tagged ‘investors’
Europe’s Banks Hit by Rising Loan Costs
May 25th, 2010 by Financial Writer
Tags: borrowers, economic recovery, euro zone, european economy, financial, financial crisis, Global Economy, investors, real estate, stock market, us economy
more...Eurozone woes to make for erratic market
May 23rd, 2010 by Financial Writer
Volatility will be the name of the game on Wall Street next week as uncertainty over the euro-zone debt crisis remains and investors will need nerves of steel to make bets on risky assets like stocks.
The Standard & Poor’s 500 index’s drop this week of 10 percent from recent highs meant the benchmark index is [...]
Tags: debt crisis, Dow Jones Industrial, economy, financial, financial system, Global Economy, investors, stock market, us economy, wall street
PRECIOUS METALS: Platinum, Palladium Plummet On Risk Aversion
May 20th, 2010 by Financial Writer
Platinum and palladium Thursday hit their lowest levels since February as investors continued exiting positions in all precious metals to avoid risk on concerns European debt issues will hurt economic growth.
One analyst said platinum and palladium fell hardest since the share of investment demand in them became greater than other commodities, making them more vulnerable [...]
Tags: economic recovery, economy, european economy, european union, financial, financial markets, Global Economy, investors, recession, us economy, us stocks
U.S. to Press China on Trade
May 19th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner plans to press Chinese officials to improve the climate for U.S. companies trying to do business in China during a high-level dialogue in Beijing next week.
Mr. Geithner is expected to urge Chinese officials to reverse policies that limit the ability of foreign companies, including U.S. firms, to compete, and to argue [...]
Tags: businesses, China, china business, commerce department, economy, european union, financial, glo, Global Economy, investors, us economy
Euro crisis: only root-and-branch financial reform can tame the wolf pack
May 15th, 2010 by Financial Writer
Dan Roberts argues that it may be satisfying to turn fire back on the financiers – but indebted countries have never needed them more.
In times of crisis, the complex world of international finance clings to a very old-fashioned store of wealth for reassurance: gold.
The price of this precious metal shot up during the great banking [...]
Tags: banks, economic recovery, euro zone, european central bank, financial, financial markets, financial reform, Global Financial, IMF, investors, recovery economy, stock market
Euro Slumps as Jitters Over Greece Return
May 14th, 2010 by Financial Writer
The beleaguered euro fell to an 18-month low on Friday amid lingering nervousness about the state of European nations’ finances and the pace of the global recovery. Global stocks also sagged after Sony warned that the fallout from the Greek debt crisis could undermine its business.
The euro fell to $1.245, its weakest level against the [...]
Tags: business, debt crisis, Dow Jones Industrial, economy recovery, financial, global financial markets, investors, stock market, United States economy, us economy, world stocks
Bank Stocks Show Little Reaction To Added Probes
May 13th, 2010 by Financial Writer
The financial sector largely shrugged off reports of new federal investigations into banks’ roles in mortgage-bond deals, with shares slightly lower as additional investigations largely were expected.
Federal prosecutors, working with securities regulators, are conducting a preliminary criminal probe into whether several major Wall Street banks misled investors about their roles in mortgage-bond deals, a person [...]
Tags: banks, business, financial, financial markets, investors, mortgage, mortgage market, stock market, us economy, us stocks, wall street
Gold Prices Extend Climb
May 12th, 2010 by Financial Writer
NEW YORK—Gold futures remained in record territory as a safe haven and currency hedge amid worries on the long-term efficacy of the euro-zone bailout package.
Most actively traded gold, for June delivery, in recent activity was up $16.10, or 1.3%, at $1,236.40 an ounce on the Comex division of the New York Mercantile Exchange. In electronic [...]
Tags: banks, euro zone, european central bank, european union, financial, financial markets, financial system, Global Economy, IMF, interest rates, investors, stock market, us economy
Wholesale Inventories, Sales in U.S. Rose in March
May 11th, 2010 by Financial Writer
Inventories at U.S. wholesalers rose for a third month in March, and sales climbed even more, a signal companies will need to step up orders to try to meet demand.
The 0.4 percent gain in the value of stockpiles followed a 0.6 percent increase the prior month, the Commerce Department said today in Washington. Sales gained [...]
Tags: commerce department, economic, financial, inventories, investors, productivity, stock market, us economy, us stocks, USA
U.S. Stocks Surge After Announcement of European Loan Package
May 10th, 2010 by Financial Writer
U.S. stocks rallied, with the Standard & Poor’s 500 Index gaining the most intraday since April 2009, after European policy makers unveiled loan package valued at almost $1 trillion to contain a sovereign-debt crisis.
Citigroup Inc., Bank of America Corp. and Morgan Stanley jumped more than 4 percent. Schlumberger Ltd. and Chevron Corp. followed oil prices [...]
Tags: bank, Dow Jones Industrial, economy, european central bank, european union, financial, financial markets, Global Economy, IMF, investors, stock market, us stocks