S&P rates Subprime Mortgages higher than the USA
S&P rates Subprime Mortgages higher than the USA MHP Standard & Poor’s gives a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst…
The Noise About a Gold Bubble
Red’s POV on all of this Noise about a Gold Bubble Gold may be a bit over extended in, but it is not a place to make a Bearish call IMO. The Gold Bears had a shot the Gold price last week, when Gold…
Merkel backs euro fund boost, faces revolt risk
(Reuters) - German Chancellor Angela Merkel's cabinet approved new powers for the euro zone's bailout fund on Wednesday, but she faces an uphill battle to convince party skeptics to back efforts to…
Investors slash equities in August melt
Reuters) - Global investors slashed their holdings of equities below 50 percent this month and piled into cash, reflecting what was lining up to be the worst August for world stocks since 1998. They…
Global stocks at two-week high, rally may stall
(Reuters) - Global shares edged up to their highest in nearly two weeks on Tuesday, but the rally looked to be running out of steam on the back of concerns over Europe's debt troubles and U.S.…
Banks Lead Greece Recovery
Greek stocks rallied, with the benchmark ASE Index climbing the most in more than 21 yrs, as EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA announced a merger. Eurobank and Alpha Bank each rose…
Strauss-Kahn meets with IMF
Strauss-Kahn meets with IMF Chief and staff members The Washington-based International Monetary Fund (IMF) said Monday that its former boss Dominique Strauss-Kahn paid a visit to the Global lender…
Brazil raises primary surplus target
Brazil raises primary surplus target Brazilian Finance Minister Guido Mantega said Monday that the government will raise the primary surplus target for Y 2011 to minimize the effects of the Global…
Japan Unemployment Rate Rises as Noda Becomes Prime Minister
Aug. 30 (Bloomberg) -- Japan’s jobless rate rose for a second month and retail sales dropped, underscoring the challenge for incoming Prime Minister Yoshihiko Noda in securing Japan’s recovery from…