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July 14, 2008 |
Heavyweights say Euro grossly overvalued
Bloomberg
For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more. |
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July 13, 2008 |
SEC to Probe Manipulation Through False Information
Bloomberg
Wall Street's biggest regulators are examining whether securities firms adequately police rumor- mongering used to manipulate stocks after shares of Lehman Brothers Holdings Inc., Fannie Mae and Freddie Mac tumbled last week. |
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July 13, 2008 |
Hot money poses risks to China’s stability
Financial Times
In 2006 China shocked the world by adding $247bn to what was already the largest hoard of foreign currency reserves. In 2007, if correctly counted, China took in more than twice that amount. So far this year it is on track to double yet again. |
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July 04, 2008 |
Analysts say more U.S. banks will fail
Int'l Herald Tribune
As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year. |
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July 02, 2008 |
Globalization dilutes U.S. securities regulations & standards
Bloomberg
The Securities and Exchange Commission proposed a new rule last week that might have passed you by. I'm alerting you here because it speaks volumes about where trading is going in the U.S. For many, it offers new opportunities. We'll also be importing new risks, in the future, that we may regret. |
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June 30, 2008 |
BIS: ‘The Unsustainable Has Run Its Course’
Wall Street Journal
For central bankers from around the world gathered in Basel for the Bank for International Settlements annual meeting Sunday and Monday, the the 78th annual report made for chastening reading. Not only does it highlight the difficulty of the dilemma facing central banks confronted with slowing growth at a time when inflationary pressures are rising, it also lays much of the blame for their predicament at the feet of the central banks themselves. Here are the report’s introduction and conclusion: |
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June 27, 2008 |
Fed saved Bear to avert 'contagion'
Associated Press
The Federal Reserve scrambled to avert an "expected contagion" that risked infecting the nation's financial system when its took unprecedented actions in mid-March to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms. |
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June 27, 2008 |
Barclays warns of a financial storm as Federal Reserve's credibility crumbles
Telegraph (UK)
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". |
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June 16, 2008 |
Paulson & Co. Says Writedowns May Reach $1.3 Trillion
Bloomberg
John Paulson, founder of the hedge fund company Paulson & Co., said global writedowns and losses from the credit crisis may reach $1.3 trillion, exceeding the International Monetary Fund's $945 billion estimate. |
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June 10, 2008 |
UK Financial Institutions headlong into Islamic Banking
Miscellaneous
Malaysia's Islamic banking system has attracted the interest of financial institutions in Britain which are keen to start operations in the country and expand their activities. |
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