|
European Central Bank President Jean- Claude Trichet may be forced to step up his fight against the sovereign debt crisis after a resumption of bond purchases yesterday failed to halt a rout in Italy and Spain. Over opposition from Germany’s Bundesbank, Trichet yesterday sent the ECB back into bond markets as yields on Italian and Spanish yields [...]
China, which led the rebound from the global recession in 2009, may have limited room to counter weakening growth in the U.S. and Europeas inflation restrains policy makers from loosening monetary policy. Consumer prices rose 6.4 percent in July from a year earlier, according to the median forecast in a Bloomberg News survey of 25 economists. [...]
Chairman Ben S. Bernanke and his Federal Reserve colleagues are preparing to meet next week as two-year Treasury yields near a record low signal a U.S. economy on the knife’s edge between growth and contraction. Guiding their assessment of the outlook for the world’s largest economy will be forecasts contained in the so-called Teal Book, a confidential staff report [...]
In a year when stocks around the world are getting cheaper, Indonesian shares are growing more expensive as surging profits lure Asia’s biggest investors. The Jakarta Composite Index’s 11 percent advance this year lifted its valuation to 15 times estimated profit, the highest level among 45 benchmark stock gauges tracked by Bloomberg and a record 36 [...]
“The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support,” Bernanke told the House Financial Services Committee in Washington today. The Fed “remains prepared to respond should economic developments indicate that an adjustment of monetary policy would be [...]
President Barack Obama “abruptly” walked out of today’s White House meeting with legislative leaders on the federal deficit, House Majority Leader Eric Cantor told reporters. Cantor said he told Obama “we are far apart” on proposals to cut the deficit and raise the U.S. debt limit. The president “got very agitated” and said, “Don’t call my bluff; [...]
U.S. stocks pared gains, almost erasing a 164-point rally in the Dow Jones Industrial Average, after the Associated Press reported that House Speaker John Boehner said it’s a “crapshoot” whether the federal debt limit will be boosted if an agreement isn’t reached by Aug. 2. AP later updated its story, quoting Boehner as saying “it’s a crapshoot” [...]
The Aaa ratings of financial institutions directly linked to the U.S. government, including Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Federal Farm Credit Banks, were also put on review for cuts, Moody’s said in a statement today. The U.S., rated Aaa since 1917, was put on review for the first time since 1995 on [...]
Northwest & Ethical Investments LP last month made a proposal to split the roles of chairman and CEO to increase board oversight, and investors were originally slated to vote on the issue at the company’s annual meeting yesterday in Waterloo, Ontario. The shareholder withdrew the proposal after RIM tried to make the case the chairman [...]
Trong tháng 6, chủ đầu tư – Công ty MH Golden Sand (Mỹ) mở bán 5 căn biệt thự có vị trí tốt nhất của dự án Centara Grand Saint Simeon tại Long Hải – Bà Rịa Vũng Tàu với giá từ 859.000 đến 1.759.000 USD. Dự án Centara Grand Saint Simeon có tổng vốn [...]