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August 01, 2007 |
Subprime fallout hits Australia
CNNMoney
SYDNEY, Australia (Reuters) -- Australia's Macquarie Bank warned Wednesday that retail investors in two debt funds face losses of up to 25 percent as fallout from the global credit crunch widened, knocking 10 percent off its shares. |
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August 01, 2007 |
Harvard said to lose $350M in hedge fund
CNNMoney
LONDON (CNNMoney.com) -- Harvard has lost about $350 million in the last month through an investment in a hedge fund founded by one the university's former money managers, according to a report published Wednesday. |
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August 01, 2007 |
Home builder shares plunge on credit concerns
Reuters
NEW YORK (Reuters) - Home builder shares fell sharply on Wednesday as credit concerns mounted because of the widening effect of the crumbling U.S. housing market, and Beazer Homes USA Inc. (BZH.N: Quote, Profile, Research) dropped more than 40 percent before bouncing off the lows. |
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July 31, 2007 |
3rd Bear Stearns fund in jeopardy
CNNMoney
NEW YORK (CNNMoney.com) -- A Bear Stearns' hedge fund with about $900 million in mortgage investments is reportedly facing huge losses and is refusing to return investors' money, according to a news report published online Tuesday.
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July 31, 2007 |
American Home Mortgage's survival in doubt
CNNMoney
NEW YORK (Reuters) -- American Home Mortgage Investment Corp. said on Tuesday it can no longer fund home loans and may liquidate assets, putting its survival in doubt and sending its shares plummeting 90 percent. |
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July 31, 2007 |
German Lender Hit by U.S. Subprime Woes
New York Times
FRANKFURT, July 30 (Reuters) — The American subprime mortgage crisis claimed the lender IKB as a first victim in Germany today, setting off sharp falls in other German bank shares on fears that they, too, could face sudden problems. |
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July 30, 2007 |
Foreclosures jump 58%
Reuters
NEW YORK (Reuters) - Home foreclosure filings rose 58 percent in the first six months of the year and could surpass 2 million this year as the housing market continues to deteriorate, a report said on Monday. |
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June 25, 2007 |
BIS warns of Great Depression dangers from credit spree
Telegraph (UK)
The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood. |
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June 25, 2007 |
World Bank approves Zoellick as president
CNNMoney
The World Bank Monday unanimously approved Robert Zoellick as its president after a controversial two-year term by Paul Wolfowitz, who agreed to resign over a promotion scandal involving his companion. |
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June 10, 2007 |
Putin calls for new financial world order
Financial Times
Russian president Vladimir Putin called on Sunday for a radical overhaul of the world’s financial and trade institutions to reflect the growing economic power of emerging market countries – including Russia.
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