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Archive for the ‘BANKING SYSTEMS’ Category
ASIAN MARKETS GAIN AFTER US HOUSE PASSES STIMULUS BILL; EUROPE OPENS DOWN
Posted by Gilmour Poincaree on January 29, 2009
January 29, 2009 – 3:45 AM
by Stephen Wright – Associated Press
PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)
BANGKOK, Thailand – Asian markets advanced Thursday, with Hong Kong jumping 4.6 percent in a catch-up 
rally, as the U.S. House of Representatives approved a $819 billion stimulus bill that investors hope will help lift the American economy out of its worst crisis in decades. European markets opened lower.
Japan’s Nikkei 225 stock average rose 144.95 points, or 1.8 percent, to 8,251.24 even as new data showed that retail sales in the world’s second-largest economy sank the most in nearly four years in December.
Hong Kong’s Hang Seng leaped 575.83 points, or 4.6 percent, to 13,154.43 after being closed for three days for the Lunar New Year. Mainland China’s markets are closed all week. South Korea’s Kospi gained 0.7 percent and Australia’s main index rose 0.9 percent.
Sentiment in Asia got a boost as President Barack Obama’s massive stimulus package moved closer to becoming a reality.
The Democratic-controlled House of Representatives approved the bill Wednesday night, sending it to the Senate where debate could begin as early as Monday. Democratic leaders have pledged to have legislation ready for Obama’s signature by mid-February.
“The U.S. stimulus package has a positive psychological impact on markets globally,” said Castor Pang, an analyst at Sun Hung Kai Financial in Hong Kong.
“But there is still going to be bad news in the form of profit warnings 
and unemployment,” he said. “The unemployment rate is going to continue to climb, making U.S. consumers even more hesitant about spending.”
As trading got underway in Europe, major bourses fell with France’s CAC-40 off 1.1 percent, Germany’s DAX down 1 percent and Britain’s FTSE 100 slipping 1.1 percent.
U.S. stock index futures were down, suggesting Wall Street would open lower Thursday. Dow futures were down 87 points, or 1.1 percent, at 8,235 and S&P500 futures were off 8.6 points, or 1 perc(AP) — ent, at 862.90.
Financial stocks led Asia’s advance Thursday, buoyed in part by hopes of new U.S. efforts to trim bad debt and spur lending.
In Hong Kong, banking giant HSBC jumped 8.4 percent and China’s top lender, Industrial & Commercial Bank of China Ltd., or ICBC, added 5 percent.
In Tokyo, megabank Sumitomo Mitsui Financial Group soared 13 percent, Mitsubishi UFJ jumped 4.8 percent and Mizuho added 5.2 percent.
Japanese exporters such as Sony and Toshiba reported weak quarterly results after the market closed.
Sony Corp.’s net profit tumbled 95 percent in the October-December quarter, as the global slump hurt sales of its core electronics products, while Toshiba Corp. sank into the red in the third quarter and expects a loss for the full year.
Elsewhere, New Zealand’s benchmark index was up 0.8 percent after the central bank slashed its key interest rate by 1.5 percentage points to 3.5 percent to prevent the country’s recession from deepening.
Oil prices slipped below $42 a barrel as rising U.S. crude inventories offset expectations the U.S. stimulus package will revive growth and consumer demand. Light, sweet crude for March delivery was down 34 cents to $41.82 a barrel by midday in Singapore in electronic trading on the New York Mercantile Exchange.
In currency trading, the dollar fell to 90.02 yen from 90.41 late Wednesday in New York, while the euro declined to $1.3044 from $1.3139.
Posted in AGRICULTURE, ASIA, BANKING SYSTEMS, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, EUROPE, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, HONG KONG, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, THE WORK MARKET, UNEMPLOYMENT, UNITED KINGDOM, USA | Leave a Comment »
RUSSIA, CHINA BLAME WOES ON CAPITALISM – SPEECHES CRITICIZE INAPPROPRIATE POLICIES, FOCUS ON DOLLAR’S ROLE; YET PUTIN SENDS OBAMA CONCILIATORY SIGNAL
Posted by Gilmour Poincaree on January 29, 2009
JANUARY 29, 2009
by Marc Champion in Davos, Switzerland; Andrew Batson in Beijing and Greg White in Moscow
PUBLISHED BY ‘THE WALL STREET JOURNAL’ (USA)
The premiers of Russia and China slammed the U.S. economic system in speeches Wednesday, holding it 
responsible for the global economic crisis.
Both focused on the role of the U.S. dollar, with China’s Premier Wen Jiabao calling for better regulation of major reserve currencies and Russia’s Prime Minister Vladimir Putin calling over-reliance on the dollar “dangerous.”
Speaking on the opening day of the World Economic Forum in Davos, Switzerland, they both urged more international cooperation to escape the downturn. They also talked up the abilities of their own economies to ride out the recession. Mr. Wen said he was “confident” China would hit its 8% growth target for this year even though that was “a tall order.” (See the full text)
The Russian and Chinese leaders also called for cooperation with U.S. President Barack Obama, but it was a chilly reception for the new administration that reflected growing anger in economies that are now getting hit hard by a financial crisis that began with subprime mortgages sold in the U.S.
Mr. Putin was characteristically blunt. He called for the development of multiple, regional reserve currencies in addition to the dollar. “Excessive dependence on a single reserve currency is dangerous for the global economy,” Mr. Putin said. (See the full text)
The Russian leader mocked U.S. businessmen who he said had boasted 
at last year’s Davos meeting of the U.S. economy’s fundamental strength and “cloudless” prospects. “Today, investment banks, the pride of Wall Street, have virtually ceased to exist,” he said.
Earlier, Mr. Wen called for an expansion of regulatory “coverage of the international financial system, with particular emphasis on strengthening the supervision on major reserve currencies.”
While Mr. Wen never named the U.S., his critique of its failings was as sweeping as Mr. Putin’s. The financial crisis, he said, was “attributable to inappropriate macroeconomic policies of some economies and their unsustainable model of development characterized by prolonged low savings and high consumption; excessive expansion of financial institutions in blind pursuit of profit” – and other excesses.
“The entire economic growth system, where one regional center prints money without respite and consumes material wealth, while another regional centre manufactures inexpensive goods … has suffered a major setback,” Mr. Putin said.
Mr. Wen’s comments came just days after U.S. Treasury Secretary Timothy Geithner accused China of manipulating its currency for economic gain. The Chinese premier gently, but firmly warned that if Washington and Beijing chose confrontation, both would be losers.
But the different tones of the two speeches, and the fact that Mr. Wen didn’t call for replacing the dollar’s role as the world’s reserve currency but regulating it, reflect crucial differences in the important emerging economies.
A spokeswoman for the U.S. Treasury Department declined to comment on the remarks in the speeches. The White House did not respond to requests for comment.
Many of the attendees at Davos took the remarks from Mr. Putin and Mr. Wen in stride. “The sad thing is is that we might have scoffed at this a while ago. But we really dragged the world down” economically, Alan Blinder, former vice chairman of the U.S. Federal Reserve, said in an interview after the speeches.
The rapid collapse of oil and commodities prices has hit Russia hard on top of the ripples of the financial crisis. The government now forecasts the economy will shrink for the first time in a decade this year, after growing 6% last year.
“In a very real sense Russia has been kicked to the margins, while China has become pivotal to any resolution of the financial crisis,” says Bob Lo, Director of the Russia and China programs at the Center for European Reform in London.
Mr. Putin’s government has spent $200 billion of hard currency reserves to defend the Russian currency, the ruble. It has spent as much again in a bailout package that amounts to 15% of gross domestic product, one of the largest responses to the financial crisis in the world. Unlike China, Russia’s economy is too dependent on commodities exports and too small to play a significant role in any global recovery, says Mr. Lo.
Russia also has negligible trade with the U.S., while Chinese exports are heavily dependent on U.S. consumers and Beijing holds $2 trillion in U.S. debt, prompting a much more cautious approach towards Washington and the dollar in Beijing.
The net effect of falling oil prices and the downturn, however, has been to make Russia more vulnerable and the Kremlin weaker, analysts say. Russian officials have begun to send out more conciliatory signals to the new U.S. administration.
“We wish the new team success,” Mr Putin said Wednesday, calling on it to cooperate.
China, too, is suffering from the downturn. Many independent economists, including economists at the International Monetary Fund, question whether Beijing will be able to meet its 8% growth target this year.
Developed nations are increasingly calling for China to do more to stimulate its own economy. On Wednesday, Mr. Wen gave a detailed account of the four trillion yuan ($585 billion) investment program China announced in November. “As a big responsible country” China was actively boosting 
domestic, and particularly consumer demand, said Mr. Wen.
The headline sum in the program would likely be equivalent to around 3% of gross domestic product in 2009 and 2010. But even government officials aren’t promising that much of a boost to the economy. Zhang Ping, the head of the National Development and Reform Commission, in November estimated it would add about one percentage point to GDP growth this year and next.
That may have seemed like a lot at the time, but expectations for global and Chinese growth have rapidly deteriorated since then. Mr. Wen said growth slowed to 6.8% in the fourth quarter from the same period a year earlier. That’s a little more than half the 13% gain in 2007, at the height of the boom. Some economists believe China could grow by as little as 5% this year, too little to provide jobs for the graduates flooding into the labor market from Chinese universities and schools each year and a further drag on the global economy.
Less noticed in Mr. Geithner’s repetition of Mr. Obama’s campaign-trail assertion that China “manipulates” its currency last week was his argument that the long U.S.-Chinese dispute over currency didn’t matter as much as getting China to do more to boost its economic growth.
“Given the crisis the immediate focus needs to be on the broader issue of stabilizing domestic demand in China and the U.S.,” Mr. Geithner said in his written response to questions during his Senate confirmation process. “A further slowdown in China would lead to a substantial fall in world growth (and demand for U.S. exports) and delay recovery from the crisis.”
Printed in The Wall Street Journal, page A6
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, CHINA, COMMERCE, CURRENCIES, DOLLAR (USA), ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, FOREIGN POLICIES - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, INTERNATIONAL RELATIONS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, RUSSIA, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, USA | Leave a Comment »
PETROBRAS QUER CONSTRUIR USINA DE ÁLCOOL NA COLÔMBIA (Brazil)
Posted by Gilmour Poincaree on January 27, 2009
Posted in BANKING SYSTEMS, BRASIL, COLOMBIA, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, ETANOL, ETHANOL, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, POLÍTICA EXTERNA - BRASIL, RECESSION, REFINERIES - PETROL/BIOFUELS, REGULATIONS AND BUSINESS TRANSPARENCY, RELAÇÕES DIPLOMÁTICAS - BRASIL, RELAÇÕES INTERNACIONAIS - BRASIL, THE FLOW OF INVESTMENTS | Leave a Comment »
PETROBRAS TERÁ US$ 10 BILHÕES DO BNDES EM 2010 (Brazil)
Posted by Gilmour Poincaree on January 27, 2009
Posted in A QUESTÃO ENERGÉTICA, BANKING SYSTEMS, BNDES, BRASIL, COMMERCE, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ENERGY INDUSTRIES, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, GÁS NATURAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PETRÓLEO, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
BNDES APROVA FINANCIAMENTO QUE VAI GERAR MAIS DE 3 MIL EMPREGOS DIRETOS (Brazil)
Posted by Gilmour Poincaree on January 27, 2009
26/01/2009 19:57
Agência Brasil
PUBLISHED BY ‘CORREIO BRAZILIENSE’
Posted in BANKING SYSTEMS, BNDES, BRASIL, CIDADANIA, COMBATE À DESIGUALDADE E À EXCLUSÃO - BRASIL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INSTITUIÇÕES DE FOMENTO NACIONAL, INTERNATIONAL, O PODER EXECUTIVO FEDERAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
AMERICAN EXPRESS ANUNCIA QUEDA NOS LUCROS E PROBLEMAS SE AGRAVAM (USA)
Posted by Gilmour Poincaree on January 27, 2009
26/01/2009 20:45
Agence France-Presse
PUBLISHED BY ‘CORREIO BRAZILIENSE’
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
SETOR HABITACIONAL ESPERA, OTIMISTA, PACOTE DE INCENTIVO (Brazil)
Posted by Gilmour Poincaree on January 27, 2009
Segunda-feira, 26 de Janeiro de 2009 11:12
por Fernanda Mathias
PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)
Posted in BANKING SYSTEMS, BRASIL, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FINANCIAMENTO IMOBILIÁRIO, FLUXO DE CAPITAIS, INDÚSTRIA DA CONSTRUÇÃO CIVIL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, O MERCADO FINANCEIRO, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, PROGRAMA DE ACELERAÇÃO DO CRESCIMENTO (PAC), PUBLIC SECTOR AND STATE OWNED ENTERPRISES, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
BB GARANTE R$ 2,5 BI A REVENDEDORAS DE VEÍCULOS NO PAÍS (Brazil)
Posted by Gilmour Poincaree on January 27, 2009
Segunda-feira, 26 de Janeiro de 2009 20:51
por João Humberto
PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEMS, BRASIL, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INDÚSTRIA AUTOMOTIVA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
GRUPO ÁGUAS DO BRASIL ASSUME OFICIALMENTE CONTROLE DA COMPANHIA DE ÁGUAS E ESGOTO DE NOVA FRIBURGO (Brazil)
Posted by Gilmour Poincaree on January 26, 2009
Posted in BANKING SYSTEMS, BRASIL, CIDADES, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FLUXO DE CAPITAIS, FUSÕES E/OU INCORPORAÇÕES EMPRESARIAIS, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INFRAESTRUTURA - BRASIL, INTERNATIONAL, O PODER EXECUTIVO MUNICIPAL, ORÇAMENTO MUNICIPAL, OS PREFEITOS, POLÍTICA REGIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SANEAMENTO BÁSICO, THE FLOW OF INVESTMENTS, VEREADORES, WATER | Leave a Comment »
PAÍS CAMINHA BEM MAS É PRECISO ATENÇÃO AO CAPITAL DE GIRO, AFIRMA PRESIDENTE (Brazil)
Posted by Gilmour Poincaree on January 26, 2009
26 de Janeiro de 2009 – 08h32
Paula Laboissière – Repórter da Agência Brasil
Posted in A PRESIDÊNCIA, BANCO CENTRAL - BRASIL, BANKING SYSTEMS, BRASIL, CENTRAL BANKS, COMÉRCIO - BRASIL, COMMERCE, CONSELHO MONETÁRIO NACIONAL (CMN), DESENVOLVIMENTO SUSTENTÁVEL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, LUIS INÁCIO LULA DA SILVA, O PODER EXECUTIVO FEDERAL, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »
RESERVE BANK FIXES ON RISK FACTORS IN NEW RULES FOR FINANCE COMPANIES (New Zealand)
Posted by Gilmour Poincaree on January 26, 2009
4:00AM Monday Jan 26, 2009
by Adam Bennett
PUBLISHED BY ‘THE NEW ZEALAND HERALD’
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES | Leave a Comment »
RURAL BANKS LAY OFF 1,000 WORKERS – TUCP (Philippines)
Posted by Gilmour Poincaree on January 26, 2009
15:57:00 01/26/2009
by Kristine L. Alave – Philippine Daily Inquirer
PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’
Posted in AGRICULTURE, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, PHILIPPINES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »
MOODY’S WITHDRAWS CREDIT RATING ON URC – (Philippines)
Posted by Gilmour Poincaree on January 26, 2009
21:02:00 01/25/2009
by Doris Dumlao – Philippine Daily Inquirer
PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’
Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
SMC-ALLIED GROUP BUYS 7% OF MERALCO – BOARD CHANGES SEEN MONDAY – (Philippines)
Posted by Gilmour Poincaree on January 26, 2009
20:54:00 01/25/2009
by Doris Dumlao and Elizabeth Sanchez-Lacson – Philippine Daily Inquirer
PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »
BANKERS EVOLVED FROM AGENTS TO RISK-TAKERS – ONE CASUALTY OF THE GLOBAL FINANCIAL CRISIS, AND WE PROBABLY WON’T MISS IT, IS THE WALL STREET MODEL OF INVESTMENT BANKING
Posted by Gilmour Poincaree on January 26, 2009
January 26, 2009
by Andrew Main – Business Editor – The Australian
Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
BIG FOUR AUSTRALIAN BANKS HAVE JOINED THE GLOBAL ELITE – THE CRISIS IN THE FINANCIAL SYSTEM CATAPULTED ALL FOUR MAJORS INTO THE RANKS OF THE TOP 20 GLOBAL BANKS FOR THE FIRST TIME
Posted by Gilmour Poincaree on January 26, 2009
Posted in AUSTRALIA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
AUSTRALIAN HOUSING BUBBLE ‘YET TO BURST’ – AN INTERNATIONAL GROUP HAS PREDICTED THAT THE HOUSING BUBBLE IN AUSTRALIA IS YET TO BURST
Posted by Gilmour Poincaree on January 26, 2009
Posted in AUSTRALIA, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
COLOMBIA, VENEZUELA FORM $200M FUND TO BOOST TRADE
Posted by Gilmour Poincaree on January 25, 2009
Sunday January 25, 2009
Associated Press
PUBLISHED BY ‘THE STAR’ (Malaysia)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COLOMBIA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, VENEZUELA | Leave a Comment »
NORWAY TO UNVEIL MEASURES TO BOOST BANKING SECTOR
Posted by Gilmour Poincaree on January 25, 2009
Sunday January 25, 2009
Associated Press
PUBLISHED BY ‘THE STAR’ (Malaysia)
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, NORWAY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR | Leave a Comment »
U.N. CRIME CHIEF SAYS DRUG MONEY FLOWED INTO BANKS – THE UNITED NATIONS’ CRIME AND DRUG WATCHDOG HAS INDICATIONS THAT MONEY MADE IN ILLICIT DRUG TRADE HAS BEEN USED TO KEEP BANKS AFLOAT IN THE GLOBAL FINANCIAL CRISIS, ITS HEAD WAS QUOTED AS SAYING ON SUNDAY
Posted by Gilmour Poincaree on January 25, 2009
Sunday January 25, 2009
Reuters
PUBLISHED BY ‘THE STAR’ (Malaysia)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIES - USA, INTERNATIONAL, MONEY LAUDERING, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, THE UNITED NATIONS, USA | Leave a Comment »
GOODWILL ‘DEFRAUDED OUT OF 38 BIL. YEN’ – FUND PARTNERS SAID LIED ABOUT SHARE PRICES (Japan)
Posted by Gilmour Poincaree on January 25, 2009
Jan. 26, 2009
The Yomiuri Shimbun
PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)
Posted in BANKING SYSTEMS, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
MSDF DISPATCH WILL CAUSE WAVES – COULD ANTIPIRACY OPERATIONS BE COMPROMISED BY LEGAL DIFFICULTIES ?
Posted by Gilmour Poincaree on January 25, 2009
Jan. 26, 2009
The Yomiuri Shimbun
PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)
Posted in BANKING SYSTEMS, CARGO PIRACY, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, JUDICIARY SYSTEMS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »
IT’S TIME TO UNRAVEL A FINANCIAL KNOT (USA)
Posted by Gilmour Poincaree on January 25, 2009
Sunday, January 25, 2009 at 4:23 a.m.
by Gretchen Morgenson – The New York Times
PUBLISHED BY ‘THE PRESS DEMOCRAT’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
STATE GUNNING FOR GREEDY CARTELS (South Africa)
Posted by Gilmour Poincaree on January 25, 2009
January 24 2009 at 03:16PM
by Melanie Peters
PUBLISHED BY ‘THE INDEPENDENT ONLINE’ (South Africa)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SOUTH AFRICA | Leave a Comment »
THE REIGN OF THAIN GOES MOSTLY DOWN THE DRAIN (USA)
Posted by Gilmour Poincaree on January 25, 2009
January 23, 2009
by Loren Steffy
PUBLISHED BY ‘THE HOUSTON CHRONICLE’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, USA | Leave a Comment »
GOTIANUN ACQUIRES PHILAM FINANCE UNITS (Philippines)
Posted by Gilmour Poincaree on January 24, 2009
09:40:00 01/23/2009
by Doris Dumlao – Philippine Daily Inquirer
PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’
Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
INVESTORS RIP ADVISER – CLIENTS CLAIM SCHRENKER BILKED THEM FOR YEARS (USA)
Posted by Gilmour Poincaree on January 24, 2009
01/23/2009 12:30:00 AM MST
by Rick Callahan – The Associated Press
PUBLISHED BY ‘THE DENVER POST’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | 1 Comment »
PONZI DREAMERS, SCHEMERS – INVESTMENT MANAGERS WRITING DRAMATIC SCRIPTS (USA)
Posted by Gilmour Poincaree on January 24, 2009
01/21/2009 12:30:00 AM MST
by Al Lewis – Dow Jones Newswires
PUBLISHED BY ‘THE DENVER POST’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, USA | Leave a Comment »
CAR LOANS FUEL $97M WRITE-OFF (New Zealand)
Posted by Gilmour Poincaree on January 24, 2009
4:00AM Saturday Jan 24, 2009
by Tamsyn Parker
PUBLISHED BY ‘THE NEW ZEALAND HERALD’
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FRAUD, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NEW ZEALAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
COWELL: PENSION FUND DOWN 19 PERCENT – STATE TREASURER JANET COWELL SAID THIS MORNING THAT THE STATE’S PENSION FUND IS DOWN $16 BILLION FROM A YEAR AGO (USA)
Posted by Gilmour Poincaree on January 24, 2009
January 23, 2009 – 12:08pm
Submitted by ryanteaguebeckwith
PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, PENSION FUNDS, RECESSION, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
TRADER DESCRIBES LOSING SENSE OF REALITY AT SOCIÉTÉ GÉNÉRALE (France)
Posted by Gilmour Poincaree on January 23, 2009
January 22, 2009
The Associated Press
PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRANCE, FRAUD, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
MMS ACCEPTS US$483.9 MILLION IN LEASE SALE NO. 207
Posted by Gilmour Poincaree on January 23, 2009
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, PETROL, RECESSION, REFINERIES - PETROL/BIOFUELS, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
KEEPING HOUSES, OWNERS TOGETHER – A NEW JERSEY PROGRAM AIMED AT PREVENTING FORECLOSURES WAS FLOODED WITH CALLS IN ITS FIRST WEEK (USA)
Posted by Gilmour Poincaree on January 23, 2009
Fri, Jan. 23, 2009
by Adrienne Lu – Inquirer Trenton Bureau
PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, REAL ESTATE INDUSTRIES, RECESSION | Leave a Comment »
FORMER STATE SEN. VINCENT J. FUMO (DEMOCRATIC PARTY) LOSES APPEAL OF HIS HOME ASSESSMENT (USA)
Posted by Gilmour Poincaree on January 23, 2009
Fri, Jan. 23, 2009
Joseph Tanfani – Inquirer Staff Writer
PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)
Posted in BANKING SYSTEMS, CORRUPTION, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIES - USA, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, USA | Leave a Comment »
NEW WORLD TO EXPAND IN JAPAN AND EUROPE (China)
Posted by Gilmour Poincaree on January 23, 2009
Friday, January 23, 2009
by Katherine Ng
PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)
Posted in BANKING SYSTEMS, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN POLICIES, INTERNATIONAL, INTERNATIONAL RELATIONS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
SHK INVESTMENT TO REDEEM MINIBOND INVESTORS – SUN HUNG KAI INVESTMENT SERVICES WILL REFUND AS MUCH AS HK$85 MILLION TO INVESTORS WHO BOUGHT STRUCTURED NOTES LINKED TO COLLAPSED LEHMAN BROTHERS HOLDINGS (China)
Posted by Gilmour Poincaree on January 23, 2009
01-23-2009 00:37
STAFF REPORTER
PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)
Posted in BANKING SYSTEMS, CHINA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HONG KONG, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
BANK OF JAPAN SET TO BUY CORPORATE BONDS
Posted by Gilmour Poincaree on January 23, 2009
Friday, January 23, 2009
AGENCIES
PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
HANCOCK OWNER DEFAULTS ON LOAN – 2 LENDERS MIGHT FORECLOSE ON BROADWAY PARTNERS
Posted by Gilmour Poincaree on January 23, 2009
January 23, 2009
by Casey Ross – Globe Staff
PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, HOUSING CRISIS - USA, RECESSION, USA | Leave a Comment »
PARTNERS, INSURER UNDER SCRUTINY – AG SEEKS DETAILS ON AGREEMENT – POSSIBLE COLLUSION OVER PRICES CITED (USA)
Posted by Gilmour Poincaree on January 23, 2009
January 23, 2009
by Scott Allen and Thomas Farragher – Globe Staff
PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
ASIAN MARKETS BOUNCE HIGHER AS BANK OF JAPAN TO EASE LIQUIDITY
Posted by Gilmour Poincaree on January 23, 2009
Posted in ASIA, BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
SENIOR TORIES EARN THOUSANDS FROM BANKS THEY CRITICISE (UK)
Posted by Gilmour Poincaree on January 23, 2009
Sri Carmichael
by Sri Carmichael
PUBLISHED BY ‘THE EVENING STANDARD’ (UK)
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, UNITED KINGDOM | Leave a Comment »
IS THIS THE MAN WHO SOLD BARCLAYS DOWN THE RIVER? – BACK IN NOVEMBER, THERE WAS MUCH CAUSE FOR CELEBRATION INSIDE BARCLAYS. ROGER JENKINS, THE FORMER INTERNATIONAL ATHLETE TURNED THE BANK’S MIDDLE EAST FIXER, AND AMANDA STAVELEY, THE EX-MODEL AND NOW A FINANCIAL POWER-BROKER WITH THE MIDDLE EASTERN GULF RULERS, HAD CONCLUDED A REMARKABLE DEAL (UK)
Posted by Gilmour Poincaree on January 23, 2009
22.01.09
by Chris Blackhurst
PUBLISHED BY ‘THE EVENING STANDARD’ (UK)
Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, UNITED KINGDOM | Leave a Comment »
ROGUE TRADER: “I MADE A FORTUNE ON 7/7” – THE ROGUE TRADER ACCUSED OF LOSING A FRENCH BANK £3.5 BILLION HAS REVEALED HE “MADE A STOCK MARKET KILLING” OUT OF THE 7/7 BOMBINGS IN LONDON
Posted by Gilmour Poincaree on January 23, 2009
22.01.09
by Ian Sparks in Paris
PUBLISHED BY ‘THE EVENING STANDARD’ (UK)
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, DEPRESSION, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORKING ENVIRONMENT, UNITED KINGDOM | Leave a Comment »
TAKING BLAME FOR THE CREDIT CRISIS
Posted by Gilmour Poincaree on January 23, 2009
22.01.09
Evening Standard comment
PUBLISHED BY ‘THE EVENING STANDARD’ (UK)
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, UNITED KINGDOM | Leave a Comment »
EX-TRADER TELLS HOW HE LOST SO MUCH FOR ONE BANK (France)
Posted by Gilmour Poincaree on January 23, 2009
January 22, 2009
by David Jolly
PUBLISHED BY ‘INTERNATIONAL HERALD TRIBUNE’ (USA)
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FRANCE, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
SWEDISH CRISIS ADVICE: BITE THE BULLET ON BANKS – THE SWEDES, WHO PULLED OFF A RAPID RECOVERY FROM THEIR OWN BANKING CRISIS IN THE EARLY 1990S, HAVE A SIMPLE MESSAGE FOR THEIR AMERICAN COLLEAGUES: BITE THE BULLET ON NATIONALIZATION
Posted by Gilmour Poincaree on January 23, 2009
January 23, 2009
by Carter Dougherty
PUBLISHED BY ‘INTERNATIONAL HERALD TRIBUNE’ (USA)
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SWEDEN, THE FLOW OF INVESTMENTS | Leave a Comment »
JAPAN MOVES TO EASE CREDIT FREEZE AS DEFLATION LOOMS
Posted by Gilmour Poincaree on January 23, 2009
January 22, 2009
Reuters
PUBLISHED BY ‘INTERNATIONAL HERALD TRIBUNE’ (USA)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
WARREN BUFFETT ON OBAMA, STOCKS AND THE ECONOMY
Posted by Gilmour Poincaree on January 23, 2009
January 22, 2009, 2:16 PM
by Jonathan Ratner
PUBLISHED BY ‘THE NATIONAL POST’ (Canada)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION, INDUSTRIES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
TORY STRATEGY IGNORES THE REAL $64B QUESTION – THE DEFICIT QUESTION HAS A $64-BILLION ANSWER
Posted by Gilmour Poincaree on January 23, 2009
January 22, 2009, 8:13
by Don Martin
PUBLISHED BY ‘THE NATIONAL POST’ (Canada)
Posted in BANKING SYSTEMS, CANADA, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
BANCOS PÚBLICOS DISCUTEM REDUÇÃO DO SPREAD BANCÁRIO (Brazil)
Posted by Gilmour Poincaree on January 22, 2009
Quinta-feira, 22/01/2009 – 07:59
Jornal da Mídia
PUBLISHED BY ‘JORNAL DA MÍDIA’ (Brazil)
Posted in A PRESIDÊNCIA, BANKING SYSTEMS, BRASIL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INTERNATIONAL, LUIS INÁCIO LULA DA SILVA, MINISTÉRIO DA FAZENDA, MINISTÉRIO DO DESENVOLVIMENTO, INDÚSTRIA E COMÉRCIO EXTERIOR, O MERCADO FINANCEIRO, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY | Leave a Comment »
CITY WATCHDOG: BANKING SYSTEM NEEDS PROFOUND CHANGE (UK)
Posted by Gilmour Poincaree on January 22, 2009
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, UNITED KINGDOM | Leave a Comment »
UP GOVT. TO AID DEVELOPERS IN NOIDA (India)
Posted by Gilmour Poincaree on January 22, 2009
22 Jan 2009, 1337 hrs IST
ET Bureau
PUBLISHED BY ‘ECONOMIC TIMES’ (India)
Posted in BANKING SYSTEMS, CEMENT, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIAL SUBSIDIES, INDUSTRIES, INTERNATIONAL, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »
