[ob] Flu virus cases may rise in southern hemisphere

Flu virus cases may rise in southern hemisphere Tue May 5, 2009 HONG KONG (Reuters) - The new H1N1 flu virus is expected to surge in coming months in the southern hemisphere when the winter season begins, health experts said, calling for continued vigilance even if the virus appears to be m

[ob] Fewer US Banks Tighten Lending Standards

Fewer US Banks Tighten Lending Standards THE WALL STREET JOURNAL Tue May 5, 2009 By JON HILSENRATH AND KELLY EVANS Of THE WALL STREET JOURNAL Although credit conditions remain strained, an April survey of loan officers by the Federal Reserve found a smaller number of banks were continuin

[ob] Asian markets mixed after North Korea nuclear test, faces more isolation

Asian markets mixed after North Korea nuclear test, faces more isolation Mon May 25, 2009 SEOUL (Reuters) - North Korea said it successfully conducted a nuclear test on Monday, a move certain to further isolate the prickly state, which argues it has no choice but to build an atomic arsenal

[ob] Report: N.Korea launches 2 missile tests hours after UN Security Council condemns nuke test

Report: N.Korea launches 2 missile tests hours after UN Security Council condemns nuke test HYUNG-JIN KIM | Associated Press Writer 7:06 AM EDT, May 26, 2009 SEOUL, South Korea (AP) — North Korea launched tests Tuesday of two more short-range missiles a day after detonating a nuclear bomb

[ob] Stock futures decline after N. Korea nuclear tests

Stock futures decline after N. Korea nuclear tests AP Business Writer Madlen Read, Ap Business Writer May 26, 2009 NEW YORK – Wall Street headed for a decline Tuesday, with investors rattled by North Korea's nuclear testing. U.S. stock futures fell in premarket trading following the long

[ob] US Economy May Dip Again Next Year: Roubini

US Economy May Dip Again Next Year: Roubini ROUBINI, ECONOMY, US, POLITICS, RECESSION Reuters | 28 May 2009 | 05:25 AM ET Nouriel Roubini, the famously glum economist who predicted the financial crisis, said that while the recession in the United States may well be over at the end of the y

[ob] South Korea's Trade Plunges in May

South Korea's Trade Plunges in May JUNE 1, 2009 SEOUL -- South Korean trade declined at a faster-than-expected rate in May, with exports falling 28.3% and imports down 40.4%, government data showed on Monday. The country recorded a trade surplus of $5.15 billion, its second-highest after

[ob] Insider trading: Bears Markets Easily Win Poll

Insider trading: Bears Markets Easily Win Poll By William Hennelly Managing Editor - Thestreet.com 06/01/09 04:28 PM EDT The bears romped in the weekly TheStreet.com RealMoney Barometer, although the stock market took a different view of things on Monday. The bears got 61%, or 4,012 of th

[ob] Money Talks: Momentum of stock market rally is questionable

Money Talks: Momentum of stock market rally is questionable Money Talks is a business column from CBC radio. By Michael Hlinka, CBC business columnist: Michael Hlinka: Momentum of stock market rally is questionable Last week, the Toronto Stock Exchange broke the 10,000 mark. Some people in

[ob] Bubble worries as Hong Kong shares soar

Bubble worries as Hong Kong shares soar Hong Kong, June 3, 2009 (AFP NEWS) - A surge of foreign money spurred by a bullish view of China's economy has fired Hong Kong shares more than 60 percent higher since March, but doubts are growing over how long the rise can go on. Against a dire glo

[ob] News Wires-CNBC: Two Boston hedge funds closing down

News Wires-CNBC: Two Boston hedge funds closing down By: The Associated Press | 02 Jun 2009 | 07:29 PM ET BOSTON - A pair of unrelated Boston-based hedge funds managing a total of more than $1.3 billion separately told investors Tuesday they're shutting down and returning investor cash beca

[ob] Real Time Economics: Which Industries Are Most Vulnerable to Consumer Shift?

Real Time Economics: Which Industries Are Most Vulnerable to Consumer Shift? June 3, 2009, 5:00 AM ET American consumers are saving more, but in order to bring down debt they might have much further to go. An article in Harvard Business Review looks at what that means for the top 10 industrie

[ob] Forecast data show reason for caution on recovery

Forecast data show reason for caution on recovery 2 Jun 2009, 2110 hrs IST, REUTERS An analysis of the divergence between actual data and the Reuters consensus forecasts shows that on the whole, economists haven't been pessimistic enough despite their reputation for gloom and that may be re

[ob] Money Talks: Japan Companies Cut Spending by Record; Profits Slump

Money Talks: Japan Companies Cut Spending by Record; Profits Slump June 4, 2009 (Bloomberg) -- Japanese companies cut spending at the fastest pace in 54 years as a slump in global demand eroded profits, leaving less money for plant and equipment. Capital spending excluding software fell 25

[ob] Harder-Edged Warnings About Britain’s Econo my

Harder-Edged Warnings About Britain’s Economy The New York Times Published: April 14, 2009 LONDON — In the dank gloom of the factory that he and his fellow workers had just occupied, John Horscroft recalled a time 30 years ago when strikes and industrial unrest in Britain were an every

[ob] U.S. Net Long Term TIC Flows Come In Above Consensus in February

U.S. Net Long Term TIC Flows Come In Above Consensus in February Published: April 14, 2009 (CEP News) - Net long-term TIC flows came in well above the consensus forecast, totalling +$22 billion in February. Meanwhile, total TIC flows for the month fell to -$146.8 billion, according to data

[ob] Sell in May and go away?

Sell in May and go away? Commentary: Markets teasing investors with more hardship on the way NEW YORK (MarketWatch) -- Mark Twain once said history doesn't always repeat but it sometimes rhymes. Investors around the world hope that doesn't again prove true. We asked last year whether we sh

[ob] Bank Test Results May Strain Limits Of Bailout Funding

Bank Test Results May Strain Limits Of Bailout Funding By David Cho Washington Post Staff Writer As the Obama administration works to complete its stress tests for gauging the health of major banks, it could confront another problem: how to pay for shoring up any weaknesses the tests rev

[ob] MacBank profit dives, CEO pay slashed by $26M

MacBank profit dives, CEO pay slashed by $26M UPDATE: Scott Murdoch | May 01, 2009 Article from: THE AUSTRALIAN MACQUARIE Group today posted its largest ever drop in full-year profit, as the global financial crisis tore chief executive Nicholas Moore's salary to shreds. The pay-packets o

[ob] Australian Businesses Struggle as Economy Shrinks

Australian Businesses Struggle as Economy Shrinks By: Reuters Australians are borrowing less while businesses faced the toughest conditions in two decades, adding to expectations the economy contracted in the first three months of the year in the first recession since 1991. Figures from

[ob] Stock Market Insider: Week Ahead - Stock Market Could Face Headwinds

Stock Market Insider: Week Ahead - Stock Market Could Face Headwinds Topics:Earnings | Banking | Currencies | Stock Market | Investment Strategy Stocks are likely to encounter headwinds as the market tries to keep pushing higher in the week ahead. The S&P 500 has gained in seven of the past

[ob] Royal Bank of Scotland faces probe over 'director threats' claim

Royal Bank of Scotland faces probe over 'director threats' claim -23 Mar 2009- LONDON, England (CNN) -- The UK's financial watchdog is looking into allegations that non-executive directors at the Royal Bank of Scotland were pressured not to raise concerns about the troubled state of the bank

[ob] China to Keep Buying Treasuries, Top Official Says (Update1)

China to Keep Buying Treasuries, Top Official Says (Update1) March 23 (Bloomberg) -- China’s top foreign-exchange official said the nation will keep buying Treasuries and endorsed the dollar’s global role, supporting the U.S. as the Obama administration increases spending to revive growth.

[ob] Soros: Dollar Will Remain Reserve Currency

Soros: Dollar Will Remain Reserve Currency 03 Apr 2009 The US dollar will remain the world's reserve currency for a while and it is probable that the world economy will start growing next year, with China, Brazil and India among the first to bounce back, billionaire investor and currencies

[ob] S&P 500 Can’t See Enough Money to Feed Stoc ks’ Rally

S&P 500 Can’t See Enough Money to Feed Stocks’ Rally April 6 (Bloomberg) -- Investors are depending on banks more than at any time in at least 60 years to lead the U.S. out of the longest earnings slump since the Great Depression. American companies will end more than two years of declinin

[ob] Morgan Stanley says the bear market is not over

Morgan Stanley says the bear market is not over 06 April 2009 Morgan Stanley has decided the bear market is not over and - coincidentally or not - leading shares have lost all their early gains and turned south. The bank's much followed strategy team led by Teun Draaisma has moved its rec

[ob] Goldman CFO still cautious about financial sector

Goldman CFO still cautious about financial sector Goldman Sachs still cautious about financial sector despite topping earnings' forecast NEW YORK (AP) -- Goldman Sachs Group Inc.'s chief financial officer David Viniar said Tuesday the bank remains cautious about the financial sector in the

[obrolan-bandar] Yen, Dollar Gain as Investors Seek Haven Amid Recession Concern

Yen, Dollar Gain as Investors Seek Haven Amid Recession Concern Jan. 13 (Bloomberg) -- The yen and the dollar gained against the euro as speculation the global recession is deepening boosted the haven appeal of the two currencies. The New Zealand&cls; dollar&cle; fell to a four-week low aft

[obrolan-bandar] Trichet signals pause in ECB Rate Cuts

Trichet signals pause in ECB Rate Cuts (Adds more Trichet comments on lower limits to interest rates) By Christopher Emsden DOW JONES NEWSWIRES The European Central Bank cut its main interest rate to an all-time low Thursday, but President Jean-Claude Trichet warned against as

[obrolan-bandar] Gold to Rally, Reach Record as Dollar Declines, Morgan Stanley Forecasts

Gold to Rally, Reach Record as Dollar Declines, Morgan Stanley Forecasts Jan. 21 (Bloomberg) -- Gold may average higher for each of the next three years and climb to a record driven by increased demand and a declining dollar as governments ramp up spending to battle the global recession, accor

[obrolan-bandar] Was There Ever a Default on U.S. Treasury Debt ?

Another Perspective - Was There Ever a Default on U.S. Treasury Debt ? by Alex J. Pollock Spectator.Org (21-JAN-2009) - As the bailouts in the current bust inexorably mount, financed in rapidly increasing U.S. government debt, one might wonder whether a default on Treasury debt is imaginable

[obrolan-bandar] Obama's strong dollar policy may be for real

Obama's strong dollar policy may be for real Geithner wins OK for U.S. Treasury NEW YORK (Reuters) - The Obama administration will have to persuade the world that the U.S. strong dollar policy is for real this time as it prepares to borrow $2 trillion (1.5 trillion pounds) to revive the U.S.

[obrolan-bandar] IMF cuts 2009 world growth forecast

IMF cuts 2009 world growth forecast Mon Jan 26, 2009 9:50pm GMT (Reuters) - The International Monetary Fund (IMF) has slashed its forecasts for 2009 global growth to 0.5 percent from 2.2 percent in its last economic outlook in November, a Group of 20 (G20) finance official told Reuters on Mo

[obrolan-bandar] Pound strengthens against dollar but Jim Rogers predicts further falls?

Pound strengthens against dollar but Jim Rogers predicts further falls? The pound rose sharply to regain some ground against the dollar on Monday after falling to a 23-year low last week By Angela Monaghan Sterling jumped 2.7 cents to close at $1.3938. This compares with $1.3668 on Friday

[obrolan-bandar] Boehner: Stimulus bill contains too much spending?

Boehner: Stimulus bill contains too much spending? WASHINGTON (AP) — A top-ranking Republican says GOP lawmakers are worried about the level of domestic spending in the $825 billion economic stimulus bill now before the House. House Republican Leader John Boehner (BAY ner) said Republicans

[obrolan-bandar] Clarium’s Thiel Says Pound to Weaken, Dolla r to Gain

Clarium’s Thiel Says Pound to Weaken, Dollar to Gain Jan. 28 (Bloomberg) -- Peter Thiel, founder of hedge-fund firm Clarium Capital Management LLC, said the British pound will continue to weaken this year as the U.S. dollar and Japanese yen appreciate. The U.K. is the “worst country in the w

[obrolan-bandar] Soros remarks depress euro ?

Soros remarks depress euro ? A WSJ NEWS ROUNDUP The euro fell sharply after investor George Soros was quoted as saying that the shared currency may not survive unless the European Union presses for an international agreement on dealing with soured assets. "One would need a type of agreement

[obrolan-bandar] JPY May Rise to 80 against the Dollar by Mid-Year

JPY May Rise to 80 against the Dollar by Mid-Year The dollar headed for its largest monthly gain against the euro since October on speculation growing evidence of a global slowdown will increase the appeal of the currency to investors as a haven. The euro is poised for the biggest loss versu

[obrolan-bandar] U.S. January job losses worst in 34 years

U.S. January job losses worst in 34 years WASHINGTON (Reuters) - U.S. employers slashed 598,000 jobs in January, the deepest cut in payrolls in 34 years as the national unemployment rate shot up to 7.6 percent, according to a Labor Department report on Friday that underlined a deepening rece

[obrolan-bandar] U.S. Housing Slump Has ‘Just Begun,’ Says Forecaster Talbott

U.S. Housing Slump Has ‘Just Begun,’ Says Forecaster Talbott Feb. 6 (Bloomberg) -- Let’s say you own a $1 million home in Santa Barbara, California. The house seemed like a steal when you bought it with that adjustable-rate mortgage in 2005. You still love the white beaches and those yacht

[obrolan-bandar] History shows big spending can prolong recession

History shows big spending can prolong recession By Kay Bailey Hutchison Thursday, February 5, 2009 In one of history's more candid reflections, Henry Morgenthau, Jr., Treasury Secretary under President Franklin D. Roosevelt, confessed, "We have tried spending money. We are spending more th

[obrolan-bandar] Update - Regulators close 3 more U.S. banks

Update - Regulators close 3 more U.S. banks Fri Feb 6, 2009 (Adds details on failure of County Bank) WASHINGTON, Feb 6 (Reuters) - Regulators closed banks on Friday in Georgia and California, bringing the total of U.S. bank failures to nine this year. The Federal Deposit Insurance Corp said

[ob] Update: BOE Bean: UK GDP "Almost Certainly" Contracted In 2Q

Update: BOE Bean: UK GDP "Almost Certainly" Contracted In 2Q LONDON (Dow Jones)--Bank of England Deputy Governor for Monetary Policy Charlie Bean said Tuesday that U.K. economic activity "almost certainly" shrank in the second quarter. Bean was speaking to business people in Birmingham

[ob] Warren Buffett Cuts Stake in Moody's By Almost 17%

Warren Buffett Cuts Stake in Moody's By Almost 17% Published: Wednesday, 22 Jul 2009 | 5:54 PM ET - CNBC.COM http://www.cnbc.com/id/32090379 Warren Buffett's Berkshire Hathaway has cut its stake in Moody's by 16.6 percent, reducing its exposure to the beleaguered credit rating agency by se

[ob] Money Talks: Tips for managing your money "An early start on good saving habits"

Money Talks: Tips for managing your money "An early start on good saving habits" Encouraging saving habits early in one's career can lead to a lifetime of financial security. (Money Talks) -- Question: My 21-year-old daughter makes $80,000 a year working at a large firm. She has very low exp

[ob] U.S. Stock Futures Fall on Microsoft, American Express, Amazon

U.S. Stock Futures Fall on Microsoft, American Express, Amazon Published: Friday, 24 Jul 2009 - Bloomberg http://www.bloomberg.com/apps/news?pid=20601103&sid=aPlycL0a_BH4 July 24 (Bloomberg) -- U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will slump after climbing to

[ob] Marc Faber says S&P-500 Index looking too expensive

Marc Faber says S&P-500 Index looking too expensive Published: Friday, 24 Jul 2009 http://arabianmoney.net/2009/07/22/marc-faber-says-sp-looking-too-expensive/ Legendary Swiss investment advisor Dr Marc Faber told Arabianmoney.net that the S&P was looking overvalued and was vulnerable to a

[ob] Gold falls with oil as dollar turns higher

Gold falls with oil as dollar turns higher Published: Tuesday, 28 Jul 2009 10.50AM NEW YORK (MarketWatch) -- Gold futures fell below $950 an ounce Tuesday as declining oil prices and a stronger dollar reduced the metal's appeal as a hedge against potential inflation and a weaker currency.

[ob] Barclays Capital Bulks Up Asian-Pacific Foreign-Exchange Team

Barclays Capital Bulks Up Asian-Pacific Foreign-Exchange Team Published: Tuesday, 28 Jul 2009 SINGAPORE -- Barclays Capital, the investment banking arm of Barclays Bank PLC, continued its moves to bulk up its foreign-exchange business in the region with five newly created hires, including a

[ob] Senate Probes Banks for Meltdown Fraud

Senate Probes Banks for Meltdown Fraud Published: Thursday, July 30, 2009 - The Wall Street Journal A Senate panel has subpoenaed financial institutions, including Goldman Sachs Group Inc. and Deutsche Bank AG, seeking evidence of fraud in last year's mortgage-market meltdown, according to

[ob] Bank of America pays $33 million SEC penalty for misleading investors

Bank of America pays $33 million SEC penalty for misleading investors BofA pays $33M federal fine over Merrill bonuses Bank of America pays $33 million SEC penalty for misleading investors about Merrill bonuses WASHINGTON (AP) -- Bank of America Corp. has agreed to pay a $33 million penal

[ob] TOP NEWS: FTC To Issue New Oil Market Manipulation Rules Later Thursday

TOP NEWS: FTC To Issue New Oil Market Manipulation Rules Later Thursday DOW JONES NEWSWIRES August 06, 2009 09:56 ET (13:56 GMT) WASHINGTON (Dow Jones)--The U.S. Federal Trade Commission will later Thursday publish new petroleum market manipulation rules, people close to the matter said.

[obrolan-bandar] The Last Bubble to Pop - US Treasury Bond Bubble?

The Last Bubble to Pop - US Treasury Bond Bubble? The Next Bubble Has Started To Pop The nasty problem with most investment bubbles is that they tend to keep inflating long after prudent people point out their existence. Over time, the rational folks who warn of trouble ahead lose their cr

[obrolan-bandar] U.S. dollar bear’s case

U.S. dollar will consolidate recent gains and outperform the euro. U.S. dollar bear’s case: Obama warns of trillion dollar deficits for years to come just as the Congressional Budget Office estimates the 2009 U.S. deficit at close to 1.2 trillion U.S. dollars, before the stimulus package. At

[obrolan-bandar] Swiss food giant sees profit skyrocket 69%

Swiss food giant sees profit skyrocket 69% Feb 20, 2009 04:30 Swiss company Nestlé SA yesterday reported a 69 per cent increase in full-year net profit thanks largely to the sale of a stake in eye-care company Alcon, and said it aimed to grow sales with low-cost products like bouillon cubes

[obrolan-bandar] Swiss Fundamentals Improve, Bucking the Global Trend

Swiss Fundamentals Improve, Bucking the Global Trend Written by David Song, Currency Analyst, Geng Chen, DailyFX Research Switzerland exports increased 6.7% after falling 13.1% in December, while imports rose 0.8% from the previous month, which raised the trade surplus to 2.03 billion Swiss F

[obrolan-bandar] Increase in money supply means recovery is near, some say

Increase in money supply means recovery is near, some say Money supply, in vogue again? Some forecasters say flood of money means economy is recovering SAN FRANCISCO (MarketWatch) -- Along with shaggy hair on boys and hand-wringing about inflation, money supply -- that favorite 1970s indica

[obrolan-bandar] Soros Says Euro in Danger If EU Fails to Act, Standard Reports

Soros Says Euro in Danger If EU Fails to Act, Standard Reports (Bloomberg) -- Billionaire investor George Soros said the euro may not survive unless the European Union pushes for a global plan to deal with toxic debt, Austria’s Der Standard newspaper reported, citing an interview.. There’s

[obrolan-bandar] French bank Credit Agricole's loss narrows in 4Q on lower charges for financial crisis

French bank Credit Agricole's loss narrows in 4Q on lower charges for financial crisis AP Business Writer March 4, 2009 PARIS (AP) — French bank Credit Agricole SA said Wednesday its net loss narrowed in the fourth quarter compared with a year earlier, when its market trading business s

[obrolan-bandar] Prodi Says Speculation ‘Fear’ Shows Need for EU Crisis Reserve

Prodi Says Speculation ‘Fear’ Shows Need for EU Crisis Reserve March 5 (Bloomberg) -- Former European Commission President Romano Prodi said the European Union needs a budget reserve to aid crisis-hit members as economies from Ireland to Italy face the threat of speculative attack by invest

[obrolan-bandar] Euro Zone, Latvia Faces June Bankruptcy If IMF Loan Halted, Premier Says

Euro Zone, Latvia Faces June Bankruptcy If IMF Loan Halted, Premier Says March 9 (Bloomberg) -- Latvia faces bankruptcy in three months if it fails to deliver budget cuts required by the International Monetary Fund and the next installment of its bailout is delayed, Premier-designate Valdis

[obrolan-bandar] Japan’s Bonds May Rise on Buffett; Stocks t o Test 26-Year Low

Japan’s Bonds May Rise on Buffett; Stocks to Test 26-Year Low March 10 (Bloomberg) -- Japan’s 10-year bonds may rise, pushing yields down from close to a one-month high, on speculation the Nikkei 225 Stock Average will slump to the lowest in 26 years, boosting demand for debt as a refuge.

[obrolan-bandar] Sovereign Default Risk & European Bond ETFs

Sovereign Default Risk & European Bond ETFs €9.4 billion is currently invested in diversified Eurozone government bond ETFs, forming a significant part of the overall European fixed income ETF sector. These ETFs track a diverse range of indices, provided by iBoxx, EuroMTS, Barclays and JP M

[obrolan-bandar] Why Did the Dow Rise 379 Points today ?

Why Did the Dow Rise 379 Points today ? Stocks are higher primarily because the CEO of Citigroup came out and said that the bank is having its best quarter since Q3 2007 when they earned $2.2 billion. This is great news because most people thought Citigroup was losing money and if they are

[obrolan-bandar] Yen Apresiasi, Data Ekonomi Lebih Baik dari Estimasi

Yen Apresiasi, Data Ekonomi Lebih Baik dari Estimasi Rabu, 11 Maret 2009 11:30 WIB Pada perdagangan hari ini nilai tukar yen terhadap dolar As tampak mengalami penguatan (11/03). Apresiasi yang dialami oleh mata uang Jepang ini merupakan imbas dari rilis data indicator ekonomi Jepang yang le

[obrolan-bandar] More Danger for the Eurozone? The Baseline Scenario

More Danger for the Eurozone? The Baseline Scenario Hungary is on edge of bankruptcy Hungary is teetering on the edge of bankruptcy with its citizens struggling to pay off mortages and personal loans taken out in foreign currency during one of the post-Communist era’s most exhuberant booms

[obrolan-bandar] Will Uncle Sam let the dollar collapse ?

Will Uncle Sam let the dollar collapse ? The American economy is breaking down. But the US dollar is one of the strongest currencies in the world right now. U.S. investment vehicles are crashing. Retirement funds have lost trillions.. America has significant unemployment and the Federal Re

[ob] Soros predicts "stop-go" economy and higher rates

Soros predicts "stop-go" economy and higher rates NEW YORK (Reuters) - Billionaire investor George Soros on Tuesday predicted a "stop-go" economy for the United States, saying fears of inflation will drive up interest rates and choke off growth. Soros, one of the world's most successful hed

[ob] Rich investors still cautious

July 2, 2009 Rich investors still cautious By Gabriel Chen - straitstimes HIGH net worth individuals are sitting on the fence because they are afraid of major price corrections, according to a new survey by Barclays Wealth and the Economist Intelligence Unit. The report - based on a

[ob] European May Unemployment Rate Rises to Highest in a Decade

European May Unemployment Rate Rises to Highest in a Decade July 2 (Bloomberg) -- Europe’s unemployment rate rose to the highest in a decade in May as airlines, banks and builders cut jobs to survive a recession that’s led to soaring losses and fueled bankruptcies. Unemployment in the 16-me

[ob] CORRECTED: London oil market probes alleged rogue trader

CORRECTED: London oil market probes alleged rogue trader LONDON, July 3, 2009 (AFP NEWS) - Oil market officials here have launched a probe into an alleged rogue trader who helped push prices to eight-month peaks this week, costing his company nearly 10 million dollars (7.15 million euros).

[ob] Report: NKorean launches maybe included new Scud

Report: NKorean launches maybe included new Scud July 6, 2009 (AFP) SEOUL, South Korea – A barrage of ballistic missiles that North Korea test-fired over the weekend may have included a new type of Scud missile with an extended range and improved accuracy that poses a threat to Japan, a So

[ob] Geithner sees confidence return, supports dollar

Geithner sees confidence return, supports dollar Jul 14, 2009 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Tuesday he saw signs of confidence returning to the U.S. financial sector and pledged that the United States would pursue policies that preserve the dollar's value.

[ob] US RATE FUTURES-Bets rise on Fed rate hikes in early 2010

US RATE FUTURES-Bets rise on Fed rate hikes in early 2010 CHICAGO, July 15 (Reuters) - Bets that the Federal Reserve will start raising interest rates in the first half of 2010 increased were on the rise on Wednesday after the Fed raised its economic projections and U.S. equities markets r

[ob] IMF downbeat on UK 2010 outlook

IMF downbeat on UK 2010 outlook LONDON (Reuters) - The economy will shrink sharply in 2009 before edging into growth in 2010, and the government should plan to reduce borrowing when recovery comes, the International Monetary Fund said on Thursday. In its annual review of the British economy

[ob] Fed designed to induce banks to keep money there rather than lending it out

Fed designed to induce banks to keep money there rather than lending it out Bernanke May Hold Rates Down by Showing He Can Reverse Course July 20, 2009 (Bloomberg) -- To keep interest rates at a record low, Ben S. Bernanke may have to show Congress and investors he can be as creative about

[ob] Goldman’s O’Neill Says Dollar Outlook ‘ Better’ in Medium Term

Goldman’s O’Neill Says Dollar Outlook ‘Better’ in Medium Term July 20, 2009 (Bloomberg) -- The dollar may strengthen in the next 12 months while the U.S. returns to growth in the second half, Goldman Sachs Group Inc. Chief Economist Jim O’Neill said in an interview on Bloomberg Radio. The

[ob] U.S. Unemployment Rate Probably Topped 9%, Highest Since 1983

U.S. Unemployment Rate Probably Topped 9%, Highest Since 1983 June 5 (Bloomberg) -- Unemployment in the U.S. probably exceeded 9 percent in May for the first time in more than 25 years, underscoring the threat job losses pose for an economic recovery, a government report may show today. Th

[ob] FDIC Shuts Down Silverton Bank in USA

FDIC Shuts Down Silverton Bank in USA JUNE 5, 2009 - The Wall Street Journal - The Federal Deposit Insurance Corp. has shut down Silverton Bank, the failed Atlanta "bank of banks," instead of selling it to private-equity investors, according to a person familiar with the situation. An F

[ob] US Unemployment Duration Stays Up

US Unemployment Duration Stays Up The big under-reported part of the unemployment situation is the increasing duration of unemployment. Being out of work for three weeks is very different than being out of work for 30 weeks. While over half the states and more than half the population does h

[ob] Is the Recession Really Over?

Is the Recession Really Over? By Sy Harding, Posted Tuesday, June 9, 2009 - goldmau.com The current popular opinion is that the recession, which three months ago was supposedly plunging off a cliff into Great Depression II, is instead already bottoming and on the verge of surging ahead int

[ob] Japan machinery orders drop amid recovery doubts

Japan machinery orders drop amid recovery doubts Japan's machinery orders drop 5.4 percent in April to 22-year low amid recovery doubts. TOKYO (AP) -- Japan's core machinery orders, a closely watched indicator of corporate capital spending, tumbled to a 22-year low in April as uncertainty

[ob] World Bank Sees Economy Shrinking 3 Percent This Year

World Bank Sees Economy Shrinking 3 Percent This Year By NELSON D. SCHWARTZ - THE NEW YOR TIMES June 12, 2009 PARIS — Underscoring the risk that hopes for a quick turnaround may be premature, the World Bank said Thursday that it expected the global economy to shrink nearly 3 percent in 20

[ob] Should Congress investigate why oil is nearing $70 in a recession?

Should Congress investigate why oil is nearing $70 in a recession? Friday, June 12 2009 - DailyFinance.com Is it time for the U.S. Congress to systematically investigate the oil futures market? Market absolutists cry no, but an oil price pushing $70 per barrel amid the worst U.S. reces

[ob] $75 Oil Will Kill The Economic Recovery Dead

$75 Oil Will Kill The Economic Recovery Dead Friday, June 12 2009 By Dirk van Dijk, CFA Will Rising Oil Prices Prevent a Recovery? The following two charts (and the comments in between them) are part of a very interesting article by James Hamilton. The collapse in oil prices last fall

[ob] TOP NEWS: North Korea declares all-out push for nuclear weapons

TOP NEWS: North Korea declares all-out push for nuclear weapons Regime retaliates against fresh UN sanctions by announcing it will turn all its plutonium into bomb material Saturday, 13 June 2009 North Korea has declared it will weaponise all its plutonium stocks and threatened military ac

[ob] HK government officials to take 5% pay cut: report

HK government officials to take 5% pay cut: report AFP , HONG KONG Tuesday, Jun 16, 2009, Page 11 Hong Kong’s chief executive and top government ministers will take a pay cut of more than 5 percent as part of the territory’s belt-tightening during the economic downturn, reports said yest

[ob] Global Economics: Now What? The W-Shaped scenario.

Global Economics: Now What? The W-Shaped scenario. June 16, 2009 Is this really the end of the recession? The new framework for modelling the world economy in a post transition-phase state is still missing. The models we use still have major systemic errors in them, we obviously still hav

[ob] Housing Oversupply Will Keep Core CPI Muted

Housing Oversupply Will Keep Core CPI Muted Keep an eye on housing inflation, says Joshua Shapiro of MFR. The homeowners' equivalent rent component within the CPI increased by 0.1% in May And April. The component accounts for 31% of the overall core CPI, so the trend of this component will b

[ob] JPMorgan Plans $1 Billion Green Funds in South Korea

JPMorgan Plans $1 Billion Green Funds in South Korea June 17, 2009 (Bloomberg) -- JPMorgan Asset Management will set up funds of more than $1 billion to invest in South Korea’s alternative energy industry, making it the first foreign company to participate in the country’s go-green initiati

[ob] Market-Review Akhir Minggu 21-June-2009

Lobby Lounge and Luxury desk for Trader And Investor, 21-June-2009 "Market-Review Akhir Minggu 21-June-2009" Bursa Wall Street pada perdagangan hari terakhir minggu ini (20/10) terpantau berakhir mixed seiring dengan beragamnya sentimen, sehingga secara keseluruhan minggu ini melemah cukup

[ob] North Korea says to hit back at US if attacked.

North Korea says to hit back at US if attacked. Seoul, June 22, 2009 (AFP NEWS) - North Korea described itself Monday as a "proud nuclear power" and threatened to hit back if attacked, as the United States tracked one of its ships on suspicion it carries a banned weapons cargo. Rodong Sin

[ob] Billionaire Soros says worst of global crisis is “behind us”

Billionaire Soros says worst of global crisis is “behind us” June 23, 2009 by GlobalCrisisNews.com Billionaire George Soros says the worst of the global financial crisis is over. The 78-year-old American has been a big commentator on the developments leading up to the global financial crisi

[ob] North Korea Threatens to 'Wipe Out' U.S

North Korea Threatens to 'Wipe Out' U.S SEOUL, South Korea — FOXNEWS North Korea threatened Wednesday to wipe the United States off the map as Washington and its allies watched for signs the regime will launch a series of missiles in the coming days. Off China's coast, a U.S. destroyer was

[ob] Warren Buffett to CNBC: U.S. Economy In "Shambles" No Signs of Recovery Yet

Warren Buffett to CNBC: U.S. Economy In "Shambles" No Signs of Recovery Yet MORE HEADLINES: TRANSCRIPT: Warren Buffett's Live Lunch Interview on CNBC http://www.cnbc.com/id/31526815/

[ob] S.Korea economy may lose steam without domestic demand

S.Korea economy may lose steam without domestic demand SEOUL, June 24 (Reuters) - South Korea's finance minister said on Wednesday that recovery momentum for the nation's economy could weaken in the second half unless domestic demand revives. "Still, I don't see signs of a self-driven recov

[ob] Bank of England Says Financial System Vulnerable to More Shocks

Bank of England Says Financial System Vulnerable to More Shocks June 26, 2009 (Bloomberg) -- The Bank of England said financial institutions’ losses from the crisis have left them vulnerable to another wave of shocks, including the risk that the economy will stay mired in recession. “Give

[ob] S.Korea to Boost Surgical Strike Capability Against N.Korea

S.Korea to Boost Surgical Strike Capability Against N.Korea June-27-2009 By Jung Sung-ki Staff Reporter The Korea Times The South Korean military plans to speed up efforts to deploy ground, air and naval weapons systems for use in strikes against key facilities in North Korea in the even

[ob] Government stimulates savings more than spending

Government stimulates savings more than spending On Friday June 26, 2009, 5:46 pm EDT - The Associated Press Millions of Americans get stimulus payments in May, but money goes into savings WASHINGTON -- Households raised their savings rate to the highest level in more than 15 years in May

[ob] Wall St Week Ahead: Stocks eye jobs, other data in July 4th week

Wall St Week Ahead: Stocks eye jobs, other data in July 4th week JPMorgan Securities said in a research note that the Standard & Poor's 500 was facing a correction that would likely send the index down to 830 to 875, which would represent a 5 to 10 percent drop from its current level. NE

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