Battle over EU financial firewall threatens to derail Greek bailout - Telegraph
Germany has opposed previous calls to merge the two funds because it will increase Germany's liability and exposure to a eurozone default by [...] Read more ...
Germany has opposed previous calls to merge the two funds because it will increase Germany's liability and exposure to a eurozone default by [...] Read more ...
iShares dominates the list having been first to the single country ETFs many years ago. Read more ...
Jack says the turnout in European parliament elections is too low, but turnout is also low in local authority elections and I’ve not seen calls for councils to be abolished on this basis. He calls for ‘an assembly of national parliaments’ to replace the European parliament. MEPs need to be skilled negotiators who can broker diplomatic deals a [...] Read more ...
Fitch Ratings downgraded Greece's credit rating to C from triple-C Wednesday after confirmation of the country's second bailout package, which includes a debt exchange that will force bondholders to take a loss on their holdings of Greek debt. Read more ...
Germany threatened to undermine this week's last-minute €130bn deal to bail out Greece by refusing to increase the planned €500bn European Stability Mechanism (ESM) [...] Read more ...
Timothy Garton Ash: Even if you disagree on who is to blame for this crisis, the responsibility for getting out of it must still be shared [...] Read more ...
Europe's first Chinese auto plant opens in Bulgaria BAHOVITSA, Bulgaria — Great Wall Motor became on Tuesday the first Chinese automaker to [...] Read more ...
Ford has more than doubled its annual contribution to its pension funds, to $3.8bn, as the carmaker aggressively shifts its investments towards bonds in an attempt to limit its exposure to volatile stock markets. Falling interest rates have hit the [...] Read more ...
RoboGames (formerly ROBOlympics) is the largest robot competition and Expo in the United States. Read more ...
LONDON: The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, temperin [...] Read more ...
Greece is like an Arab oil state without oil. It has an overgrown and expensive state machine hard wired with webs of patronage and corruption. In the Middle East this is a crude, unfair but partially effective way of distributing oil wealth and binding recipients to the state through jobs and favours. Read more ...
The price of crude denominated in sterling hit a record high, pushed up by fears about Iranian oil supplies and the fall in the pound against the US dollar on expectations of further monetary easing. Brent rose to £77.71 per barrel, above the all-tim [...] Read more ...
Hungary condemned as âunfounded and unfairâ European Commission plans to suspend funding worth nearly â¬500m next year because of an excessive budget deficit. The sharp response came after Brussels warned on Wednesday that Hungary would lose up to â¬49 [...] Read more ...
While Iceland is now known as the country that is the closest earthly approximation to banker hell, it is safe to say that Greece is the terrestrial equivalent of banker heaven. Because as explained earlier today, the country's population is about to get a worse deal than your average run of the mill slave - they may get whipped, but at least never [...] Read more ...
As the US presidential election nears, David Bloom, global head of FX strategy at HSBC, sees debt worries in the US weakening the dollar. This means the euro will strengthen, harming the region's competitiveness. He also tells John Authers, Long View columnist, that faith in politicians is keeping sterling afloat. Read more ...
The ultimate list of all badasses past and present. Read more ...
A man who worked for many years in Estonia's security police was arrested along with his wife on Wednesday for allegedly turning over state secrets to Russia. Aleksei and Viktoria Dressen were arrested at Tallinn Airport as they prepared to board a flight for Moscow. Aleksei Dressen has worked in Estonia's counter-espionage and anti-terrorism force [...] Read more ...
While the record corporate profit bonanza (if now declining) is still the fallback argument for any bearish allegation that the only reason why the market is up 20% in 3 months is due to $2 trillion in liquidity dumped into markets by central banks, this may be about to end quite abruptly, especially if Europe is a harbinger of things to come. As t [...] Read more ...
Search teams in Italy find four more bodies in the wreck of the cruise ship Costa Concordia which capsized on 13 January, Italian media report. Read more ...
A controversial anti-piracy agreement is to be referred to the EU's highest court due to concerns surrounding internet freedoms. Read more ...
The German government is set to resist or delay increasing the size of the eurozoneâs financial âfirewallâ against contagion from the Greek debt crisis, in the face of mounting pressure from its partners, the International Monetary Fund and the US [...] Read more ...
ETF Trends offers news, articles, and research tools for ETF investors and investing. Read more ...
January's hopium catchphrase of the month was that Europe's recession would be "technical" which is simply a euphemism for our Fed's beloved word - "transitory." Based on the just released Euroarea PMI, we can scratch this Euro-accented "transitory" addition to the lexicon, because contrary to expectations that the Euroarea composite PMI would show [...] Read more ...
Mats Persson: Two-tier bond market established by second Greek bailout creates new risks;European media warn of political backlash against s [...] Read more ...
Risk Management Strategies for Portfolio Management. Read more ...
Here’s a delightful idea that is also a nice piece of synergy. Apparently Yale economist and half-a-housing-index Robert Shiller has been floating this idea since 2009 but I just saw it today in a new Harvard Business Review piece (via Counterparties): Corporations use a combination of debt and equity to finance their investments and operations. [...] Read more ...
Unconfirmed reports from Syria say two Western journalists - an American and a French national - have been killed in the central city of Homs. Read more ...
Forget what you learned in French class about "madame" and "mademoiselle" - the French government now says women's marital status should not matter - at least when it comes to the country's far-reaching bureaucracy. Read more ...
Greek lawmakers on Wednesday hurriedly debated the most recent legislation aimed at securing more bailout funding from European and global partners, as thousands of leftists and union supporters protested new austerity measures. Parliament is expected to approve a 107-billion-euro ($141 billion) writedown on Greek government bonds on Thursday. The [...] Read more ...
'All is not resolved' is how Morgan Stanley's Arnaud Mares begins his latest diatribe on the debacle that is occurring in Europe. While a disorderly default seems to have been avoided (for now), the Greek problem (as we have discussed extensively) remains in play as debt sustainability seems questionable at best, economic recovery a remote hope, an [...] Read more ...
France Télécom posted a drop in its net profit for 2011 and said competitive pressures are likely to intensify as regulations become more stringent and taxes increase in its key markets. Read more ...
Great Wall Motor becomes the first Chinese carmaker to open an assembly plant in Europe as it aims to lift sales in the region. Read more ...
Online register overwhelmed as Mario Monti's cabinet members detail their income and assets following transparency drive [...] Read more ...
Amongst the panoply of financial assets, I think US government bonds are the least attractive and I think equities, and I've been premature in all honesty, the market didn't do as well as I thought it would do last year, it's slightly ahead of schedule this year- but when I look at the alternative of financial assets - Cash earns zero, and Bernanke [...] Read more ...
Moody's Investors Service has assigned a Aa2 rating to Nueces County (TX) $25,965,000 General Obligation Refunding Bonds, Series 2012. Further information on the EU endorsement status and on the Moody's office that has issued a particular Credit Rating is available on www.moodys.com. CREDIT RATINGS AND MOODY'S PUBLICATIONS DO NOT CONSTITUTE OR [...] Read more ...
France holds Syria responsible for the safety of its citizens there, Foreign Minister Alain Juppe said on Wednesday, after a French photographer was killed in a Syrian army bombardment of an opposition stronghold. Juppe said that a Syrian army ceasefire in order to give rapid access to humanitarian aid was "imperative", adding that the re [...] Read more ...
It appears, though, that Rowan Atkinson has confused two concepts: ‘creative freedom’ and ‘unjustifiable discrimination’. It’s one thing for a commercial film director to decide he wants to cast a white, youngish guy as James Bond. I hope you enjoy browsing the site - please do let me know what you think, either by commenting, or emailing [...] Read more ...
...This is a chart of the Greek bank stock index, which has gone from an all out demented euphoria to suicidal depression in 5 days, as the rumor that Greece is "saved" has been replaced with the reality that Greece is still "completely broke" - if you bought on Monday like most momos, on the expectation that the torrid surge higher would conti [...] Read more ...
