ECONOMY|APRIL 28, 2011, 4:57 P.M. ET
U.S. Economic Growth Slows
By CONOR DOUGHERTY
Economic growth stumbled in the first quarter, but most economists see it as a passing phase caused by a combination of bad weather and surging prices.
Thursday, April 28, 2011
CNN Money: 10 places where housing is soaring: France
10 places where housing is soaring
France
Annual increase: 9.5%
Paris has long been known for stylish people, delicious cuisine and universal health care. And let's not forget some of the priciest real estate in the world.
France
Paris has long been known for stylish people, delicious cuisine and universal health care. And let's not forget some of the priciest real estate in the world.
CNN Money: 10 places where housing is soaring: China
10 places where housing is soaring
China
Annual increase: 15.3% (based on Beijing and Shanghai prices)
Need somewhere to store your wealth and maybe even make a healthy profit?
Millions of Chinese have been buying up homes with the same enthusiasm once common among U.S. home buyers. With few investment options for many middle class Chinese, residential properties have become a great option to store wealth. Even while the global financial crisis in 2008 gripped many nations, China's housing market was virtually unaffected.
China
Need somewhere to store your wealth and maybe even make a healthy profit?
Millions of Chinese have been buying up homes with the same enthusiasm once common among U.S. home buyers. With few investment options for many middle class Chinese, residential properties have become a great option to store wealth. Even while the global financial crisis in 2008 gripped many nations, China's housing market was virtually unaffected.
Tuesday, April 26, 2011
WSJ: Asia's Growth Seen Imperiled by Prices
ASIA NEWS|APRIL 27, 2011
Asia's Growth Seen Imperiled by Prices
By ALEX FRANGOS
HONG KONG—Unchecked increases in oil and food prices could shave growth across Asia over the next two years, according to a report by the Asian Development Bank, imperiling economic gains among the poor in the globe's fastest expanding region.
Asia's Growth Seen Imperiled by Prices
By ALEX FRANGOS
HONG KONG—Unchecked increases in oil and food prices could shave growth across Asia over the next two years, according to a report by the Asian Development Bank, imperiling economic gains among the poor in the globe's fastest expanding region.
Bloomberg: Home Prices in 20 U.S. Cities Drop Most in More Than Year on Foreclosures
Related News: Economy · Real Estate · U.S.
Home Prices in 20 U.S. Cities Drop Most in More Than Year on Foreclosures
By Alex Kowalski and Shobhana Chandra - Apr 27, 2011 5:11 AM GMT+0900
Residential real-estate prices dropped in the 12 months to February by the most in more than a year, putting the market on the verge of eclipsing the nadir reached during the U.S. recession.
Home Prices in 20 U.S. Cities Drop Most in More Than Year on Foreclosures
By Alex Kowalski and Shobhana Chandra - Apr 27, 2011 5:11 AM GMT+0900
WSJ: China Seeks Bigger Role in Australia Economy
CHINA NEWS|APRIL 26, 2011, 1:08 P.M. ET
China Seeks Bigger Role in Australia Economy
By DINNY MCMAHON
BEIJING—China aspires to play a greater role in Australia's economy, one of the country's top leaders said Tuesday, signaling Beijing's aspirations for its companies to make inroads beyond simply extracting resources.
China Seeks Bigger Role in Australia Economy
By DINNY MCMAHON
BEIJING—China aspires to play a greater role in Australia's economy, one of the country's top leaders said Tuesday, signaling Beijing's aspirations for its companies to make inroads beyond simply extracting resources.
CNN Money: Home prices in 'double dip'
Home prices in 'double dip'
By Les Christie, staff writerApril 26, 2011: 12:08 PM ET
NEW YORK (CNNMoney) -- Home prices in February sank 3.3% to just above the post-crisis lows reached in April 2009. It was the seventh straight month of declines.
By Les Christie, staff writerApril 26, 2011: 12:08 PM ET
NEW YORK (CNNMoney) -- Home prices in February sank 3.3% to just above the post-crisis lows reached in April 2009. It was the seventh straight month of declines.
CNN Money: The Warren Buffett-hedge fund bet tightens
The Warren Buffett-hedge fund bet tightens
April 26, 2011 5:00 am
Berkshire Hathaway's chairman won the 2010 race for investment returns, but Protégé Partners retains the long-term lead.
By Carol Loomis, senior editor-at-large
FORTUNE -- We're three years into Warren Buffett's 10-year bet with the hedge fund community, and the race has narrowed. For the second year in a row, Buffett's horse in the contest -- an S&P 500 index fund -- did better than the average return booked by five funds of hedge funds picked by Protégé Partners LLC, a New York money-management firm.
April 26, 2011 5:00 am
Berkshire Hathaway's chairman won the 2010 race for investment returns, but Protégé Partners retains the long-term lead.
By Carol Loomis, senior editor-at-large
FORTUNE -- We're three years into Warren Buffett's 10-year bet with the hedge fund community, and the race has narrowed. For the second year in a row, Buffett's horse in the contest -- an S&P 500 index fund -- did better than the average return booked by five funds of hedge funds picked by Protégé Partners LLC, a New York money-management firm.
Bloomberg: Biggest Banks Beating Estimates Can’t Hide 13% Drop in Revenue
Related News: Italy · U.S.
Biggest Banks Beating Estimates Can’t Hide 13% Drop in Revenue
By Dawn Kopecki - Apr 26, 2011 9:01 AM GMT+0900
The biggest percentage drop in quarterly revenue in three years, driven by lower lending and reduced fees, is damping investor appetite for shares of the six largest U.S. banks.
Biggest Banks Beating Estimates Can’t Hide 13% Drop in Revenue
By Dawn Kopecki - Apr 26, 2011 9:01 AM GMT+0900
The biggest percentage drop in quarterly revenue in three years, driven by lower lending and reduced fees, is damping investor appetite for shares of the six largest U.S. banks.
Sunday, April 24, 2011
Reuters: A fragile global recovery?
A fragile global recovery?
By Kristina Cooke
NEW YORK | Sun Apr 24, 2011 5:16pm EDT
(Reuters) - Data on how the U.S. and British economies fared in the first three months of the year due next week will likely highlight the tenuous nature of the recovery from recession in developed countries.
By Kristina Cooke
NEW YORK | Sun Apr 24, 2011 5:16pm EDT
(Reuters) - Data on how the U.S. and British economies fared in the first three months of the year due next week will likely highlight the tenuous nature of the recovery from recession in developed countries.
Saturday, April 23, 2011
S&P: U.S. Consumer Defaults Fall In March. Existing Home Sales Rise
U.S. Consumer Defaults Fall In March. Existing Home Sales Rise (00:18:36 min)
The Standard & Poor's/Experian consumer default composite index fell to 2.43% in March from 2.54% in February. All the major sectors, such as bank cards, auto loans, and first and second mortgages, reported declines. As for U.S. housing, sales of existing homes increased 3.7% in March following a significant decline of 8.9% February. In this podcast, Standard & Poor's Senior Director Erkan Erturk discusses the significance of these statistics and how they could affect the structured finance and housing sectors.
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The Standard & Poor's/Experian consumer default composite index fell to 2.43% in March from 2.54% in February. All the major sectors, such as bank cards, auto loans, and first and second mortgages, reported declines. As for U.S. housing, sales of existing homes increased 3.7% in March following a significant decline of 8.9% February. In this podcast, Standard & Poor's Senior Director Erkan Erturk discusses the significance of these statistics and how they could affect the structured finance and housing sectors.
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Friday, April 22, 2011
CNN Money: Europe at the precipice
Europe at the precipice
Posted by Colin Barr
April 22, 2011 4:33 am
Here's an unhappy early Easter thought: The financial crisis is about to be reborn in Europe.
Bondholders are bracing as Greece, Portugal and Ireland come to grips with huge debts and sinking economic prospects. Rumors have a Greek restructuring happening as soon as this weekend, though analysts at Goldman Sachs say next year is more likely.
Posted by Colin Barr
April 22, 2011 4:33 am
Here's an unhappy early Easter thought: The financial crisis is about to be reborn in Europe.
 |
| Is the euro a basket case? |
Thursday, April 21, 2011
Bloomberg: Economic Outlook Brightens on Leading Indicators, Confidence
Related News: Economy · U.S. · Municipal Bonds
Economic Outlook Brightens on Leading Indicators, Confidence
By Alex Kowalski and Timothy R. Homan - Apr 22, 2011 5:36 AM GMT+0900
The index of U.S. leading indicators increased for a ninth month in March and Americans’ confidence rose for a fourth week, signaling the expansion may withstand higher fuel costs.
Economic Outlook Brightens on Leading Indicators, Confidence
By Alex Kowalski and Timothy R. Homan - Apr 22, 2011 5:36 AM GMT+0900
Wednesday, April 20, 2011
S&P: Why Italian Banks Face A Tricky Recovery
Why Italian Banks Face A Tricky Recovery (00:15:32 min)
Italy's banks are slowly digging out of one of the deepest recessions in the past half century, as the country's GDP declined a cumulative 6% in 2008-2009. But banks are climbing over difficult and new terrain, such as persistently slow domestic economic growth, much higher prices for wholesale funding due to sovereign credit worries in the eurozone, and tougher capital rules in the run-up to Basel III. In this podcast, Standard & Poor's credit analyst Renato Panichi provides an in-depth look at the situation and what could lie ahead.
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Italy's banks are slowly digging out of one of the deepest recessions in the past half century, as the country's GDP declined a cumulative 6% in 2008-2009. But banks are climbing over difficult and new terrain, such as persistently slow domestic economic growth, much higher prices for wholesale funding due to sovereign credit worries in the eurozone, and tougher capital rules in the run-up to Basel III. In this podcast, Standard & Poor's credit analyst Renato Panichi provides an in-depth look at the situation and what could lie ahead.
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WSJ: Asia Central Banks Intervene As Currencies Climb
ASIA BUSINESS|APRIL 20, 2011, 6:43 A.M. ET
Asia Central Banks Intervene As Currencies Climb
By MARTIN VAUGHAN
SINGAPORE—Central banks in South Korea, Thailand and Malaysia intervened Wednesday to slow a surge in their currencies in a broad Asian rally that carried the Singapore and Australian dollars to fresh highs against the U.S. currency.
Asia Central Banks Intervene As Currencies Climb
By MARTIN VAUGHAN
 |
| Agence France-Presse /Getty Images |
WSJ: China Plans Tax Cut for Low Earners
ASIA NEWS|APRIL 20, 2011, 8:44 A.M. ET
China Plans Tax Cut for Low Earners
By AARON BACK
BEIJING—China plans to cut taxes on low-income earners and raise them somewhat for the rich under new legislation expected to pass shortly, one effort to address a widening income gap thought to threaten the country's social stability.
China Plans Tax Cut for Low Earners
By AARON BACK
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| A Beijing worker washes a window |
Reuters: Gold breaks $1,500 as investors seek security
Gold breaks $1,500 as investors seek security
By Jan Harvey
LONDON | Wed Apr 20, 2011 4:12pm EDT
(Reuters) - Gold rose above $1,500 an ounce on Wednesday for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.
LONDON | Wed Apr 20, 2011 4:12pm EDT
(Reuters) - Gold rose above $1,500 an ounce on Wednesday for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.
Bloomberg: Banks Await Foreclosure Deal’s Financial Terms as States Split
Related News: Law · Finance · Insurance · Real Estate · U.S. · Funds · Politics · Municipal Bonds
Banks Await Foreclosure Deal’s Financial Terms as States Split
By David McLaughlin - Apr 21, 2011 3:33 AM GMT+0900
Attorneys general negotiating the settlement of a nationwide foreclosure investigation have yet to approach banks with a proposed dollar amount that would fund principal reductions for borrowers, a state official said.
Banks Await Foreclosure Deal’s Financial Terms as States Split
By David McLaughlin - Apr 21, 2011 3:33 AM GMT+0900
Bloomberg: Gold Rises Above $1,500 to Record on Weaker Dollar, Inflation
Related News: Canada · Commodities · Middle East · Australia · New Zealand
Gold Rises Above $1,500 to Record on Weaker Dollar, Inflation
By Pham-Duy Nguyen - Apr 21, 2011 3:53 AM GMT+0900
Gold futures rose to a record for the ninth time this month as a weakening dollar boosted investment demand for the precious metal as an alternative asset. Silver topped $45 an ounce for the first time since 1980.
Gold Rises Above $1,500 to Record on Weaker Dollar, Inflation
By Pham-Duy Nguyen - Apr 21, 2011 3:53 AM GMT+0900
CNN Money: 'Uneven' housing recovery continues
'Uneven' housing recovery continues
By Annalyn Censky, staff reporter April 20, 2011: 12:12 PM ET
NEW YORK (CNNMoney) -- Sales of existing homes increased in March, "continuing an uneven recovery" in real estate, an industry group said Wednesday.
By Annalyn Censky, staff reporter April 20, 2011: 12:12 PM ET
Tuesday, April 19, 2011
Bloomberg: Housing Starts in U.S. Increased to 549,000 in March, Exceeding Forecasts
Related News: Economy · Real Estate · U.S. · Municipal Bonds
Housing Starts in U.S. Increased to 549,000 in March, Exceeding Forecasts
By Bob Willis - Apr 20, 2011 5:07 AM GMT+0900
A gain in March housing starts failed to make up for ground lost the prior month, as U.S. home builders continue to struggle almost two years into the economic recovery.
Housing Starts in U.S. Increased to 549,000 in March, Exceeding Forecasts
By Bob Willis - Apr 20, 2011 5:07 AM GMT+0900
A gain in March housing starts failed to make up for ground lost the prior month, as U.S. home builders continue to struggle almost two years into the economic recovery.
CNNMoney: Mortgage denied: Sometimes, for no good reason
Spring Housing Guide 2011
Mortgage denied: Sometimes, for no good reason
By Les Christie, staff writer April 19, 2011: 2:46 PM ET
NEW YORK (CNNMoney) -- Getting a mortgage just keeps getting tougher, and many homebuyers are getting rejected for loans they could easily afford.
Mortgage denied: Sometimes, for no good reason
By Les Christie, staff writer April 19, 2011: 2:46 PM ET
NEW YORK (CNNMoney) -- Getting a mortgage just keeps getting tougher, and many homebuyers are getting rejected for loans they could easily afford.
Monday, April 18, 2011
Bloomberg: Standard & Poor’s Puts ‘Negative’ Outlook on U.S. AAA
Related News: U.S. · Bonds · Currencies · Funds · Economy
Standard & Poor’s Puts ‘Negative’ Outlook on U.S. AAA
By Rebecca Christie and Shannon D. Harrington - Apr 19, 2011 3:30 AM GMT+0900
Standard & Poor’s put the U.S. government on notice that it risks losing its AAA credit rating unless policy makers agree on a plan by 2013 to reduce budget deficits and the national debt.
Standard & Poor’s Puts ‘Negative’ Outlook on U.S. AAA
By Rebecca Christie and Shannon D. Harrington - Apr 19, 2011 3:30 AM GMT+0900
Standard & Poor’s put the U.S. government on notice that it risks losing its AAA credit rating unless policy makers agree on a plan by 2013 to reduce budget deficits and the national debt.
Monday, April 11, 2011
Bloomberg: Oil Falls From 30-Month High on IMF Forecast; U.S. Stocks Drop
Related News: U.S. · Asia
Oil Falls From 30-Month High on IMF Forecast; U.S. Stocks Drop
By Margot Habiby and Nikolaj Gammeltoft - Apr 12, 2011 5:08 AM GMT+0900
Oil fell from a 30-month high after the International Monetary Fund cut its growth forecasts for the U.S. and Japan, dragging down shares of energy producers and the Standard & Poor’s 500 Index. The difference between yields on Treasury 10-year notes and inflation-protected securities widened to the most in three years.
Oil Falls From 30-Month High on IMF Forecast; U.S. Stocks Drop
By Margot Habiby and Nikolaj Gammeltoft - Apr 12, 2011 5:08 AM GMT+0900
Oil fell from a 30-month high after the International Monetary Fund cut its growth forecasts for the U.S. and Japan, dragging down shares of energy producers and the Standard & Poor’s 500 Index. The difference between yields on Treasury 10-year notes and inflation-protected securities widened to the most in three years.
WSJ: Economists See Growth Accelerating Later in Year
ECONOMY|APRIL 11, 2011
Economists See Growth Accelerating Later in Year
By PHIL IZZO
The U.S. economic recovery is expected to gain momentum over the rest of the year, despite a sharp pullback in growth during the just-finished first quarter, according to economists surveyed by The Wall Street Journal.
Economists See Growth Accelerating Later in Year
By PHIL IZZO
The U.S. economic recovery is expected to gain momentum over the rest of the year, despite a sharp pullback in growth during the just-finished first quarter, according to economists surveyed by The Wall Street Journal.
Bloomberg: China Inflation Is `Somewhat Out of Control’ on Weak Currency, Soros Says
Related News: Asia · Commodities · Currencies · China · Funds · Economy · Retail
China Inflation Is `Somewhat Out of Control’ on Weak Currency, Soros Says
By John Detrixhe - Apr 11, 2011 1:02 PM GMT+0900
China’s decision to keep its currency weak has caused the government to lose control of inflation and risks fuelling wage-price gains, billionaire investor George Soros said.
China Inflation Is `Somewhat Out of Control’ on Weak Currency, Soros Says
By John Detrixhe - Apr 11, 2011 1:02 PM GMT+0900
Bloomberg: U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales
Related News: Finance · Law · Europe · U.K. & Ireland · Bonds
U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales
By Jon Menon and Gavin Finch - Apr 11, 2011 7:55 PM GMT+0900
The Independent Commission on Banking recommended the U.K.’s biggest banks should hold core Tier 1 capital levels of about 10 percent, implement plans for an orderly bankruptcy and ring-fence consumer units in what it termed a “moderate” set of proposals.
U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales
By Jon Menon and Gavin Finch - Apr 11, 2011 7:55 PM GMT+0900
The Independent Commission on Banking recommended the U.K.’s biggest banks should hold core Tier 1 capital levels of about 10 percent, implement plans for an orderly bankruptcy and ring-fence consumer units in what it termed a “moderate” set of proposals.
Sunday, April 10, 2011
Reuters: As worry list grows, G20 gets wonky
As worry list grows, G20 gets wonky
By Emily Kaiser
WASHINGTON | Sun Apr 10, 2011 4:59pm EDT
(Reuters) - While the world watches revolutions in the Arab world and a nuclear crisis in Japan, the Group of 20 is engrossed in an esoteric debate over something called indicative guidelines.
By Emily Kaiser
WASHINGTON | Sun Apr 10, 2011 4:59pm EDT
(Reuters) - While the world watches revolutions in the Arab world and a nuclear crisis in Japan, the Group of 20 is engrossed in an esoteric debate over something called indicative guidelines.
Bloomberg: Retail Sales in U.S. Probably Rose as Job Gains Overcame Surge in Gasoline
Related News: Economy · U.S. · Bonds · Currencies · Retail
Retail Sales in U.S. Probably Rose as Job Gains Overcame Surge in Gasoline
By Shobhana Chandra - Apr 11, 2011 12:25 AM GMT+0900
U.S. retail sales probably climbed in March, indicating an improving labor market is helping Americans cope with rising gasoline prices, economists said before a report this week.
Retail Sales in U.S. Probably Rose as Job Gains Overcame Surge in Gasoline
By Shobhana Chandra - Apr 11, 2011 12:25 AM GMT+0900
U.S. retail sales probably climbed in March, indicating an improving labor market is helping Americans cope with rising gasoline prices, economists said before a report this week.
S&P: CMBS: Risk Retention Guidelines; Rising Mall Vacanies
CMBS: Risk Retention Guidelines; Rising Mall Vacanies (00:12:44 min)
In this Standard & Poor's podcast, Managing Director Ted Burbage, of Investor Relations, and Managing Director Howard Esaki, of Structured Finance Research, discuss “qualified” collateral in risk retention proposals for commercial mortgage-backed securities (CMBS) and new data on mall vacancies.
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In this Standard & Poor's podcast, Managing Director Ted Burbage, of Investor Relations, and Managing Director Howard Esaki, of Structured Finance Research, discuss “qualified” collateral in risk retention proposals for commercial mortgage-backed securities (CMBS) and new data on mall vacancies.
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Friday, April 8, 2011
Bloomberg: European Stress Tests to Examine Banks’ Readiness for Basel III
Related News: Europe · Germany · Finance · U.K. & Ireland · Currencies · Bonds · France · Economy · Italy
European Stress Tests to Examine Banks’ Readiness for Basel III
By Ben Moshinsky - Apr 8, 2011 8:01 AM GMT+0900
European regulators were criticized by German banks for a plan to incorporate into this year’s stress tests global capital standards that aren’t scheduled to be implemented for eight years.
European Stress Tests to Examine Banks’ Readiness for Basel III
By Ben Moshinsky - Apr 8, 2011 8:01 AM GMT+0900
European regulators were criticized by German banks for a plan to incorporate into this year’s stress tests global capital standards that aren’t scheduled to be implemented for eight years.
WSJ: Europe's Rate Rise Signals End of Cheap-Money Era
WORLD NEWS|APRIL 8, 2011
Europe's Rate Rise Signals End of Cheap-Money Era
By BRIAN BLACKSTONE and DAVID WESSEL
The European Central Bank on Thursday became the first monetary authority in a major developed economy to raise interest rates since the global financial crisis struck—a sign that the long period of extraordinarily easy credit is beginning to come to a close.
Europe's Rate Rise Signals End of Cheap-Money Era
By BRIAN BLACKSTONE and DAVID WESSEL
The European Central Bank on Thursday became the first monetary authority in a major developed economy to raise interest rates since the global financial crisis struck—a sign that the long period of extraordinarily easy credit is beginning to come to a close.
Thursday, April 7, 2011
WSJ: ECB Raises Interest Rates
ECONOMY|APRIL 7, 2011, 5:15 P.M. ET
ECB Raises Interest Rates
By BRIAN BLACKSTONE
FRANKFURT—The European Central Bank raised interest rates for the first time in nearly three years Thursday, but sought to reassure investors that it won't embark on a rapid-fire series of increases that could disrupt fragile economies in parts of the euro bloc.
ECB Raises Interest Rates
By BRIAN BLACKSTONE
FRANKFURT—The European Central Bank raised interest rates for the first time in nearly three years Thursday, but sought to reassure investors that it won't embark on a rapid-fire series of increases that could disrupt fragile economies in parts of the euro bloc.
emii.com: Dow Jones, Credit Suisse Unveil HF Index
Dow Jones, Credit Suisse Unveil HF Index
04-07-2011 | Source: emii.com
Dow Jones Indexes and Credit Suisse have rolled out the Dow Jones Credit Suisse Core Hedge Fund Index. The index will use multiple managed account platforms to track the liquid, investable hedge fund universe.
04-07-2011 | Source: emii.com
Dow Jones Indexes and Credit Suisse have rolled out the Dow Jones Credit Suisse Core Hedge Fund Index. The index will use multiple managed account platforms to track the liquid, investable hedge fund universe.
S&P: Dutch Banks Continue To Pull Away From The Financial Crisis
Dutch Banks Continue To Pull Away From The Financial Crisis (00:09:42 min)
The Dutch banking system is gradually recovering from the financial crisis, as evidenced by better underlying profitability supported by an improved economic backdrop. Although the outlook for earnings growth remains limited, several large banks are making rapid progress with their restructuring processes. This should support their efforts to repay the government support that several of them received during the downturn. In this CreditMatters TV segment, Associate Director Alexandre Birry provides an overview of the Dutch banking system's recovery, and how it is affecting the market's larger players.
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The Dutch banking system is gradually recovering from the financial crisis, as evidenced by better underlying profitability supported by an improved economic backdrop. Although the outlook for earnings growth remains limited, several large banks are making rapid progress with their restructuring processes. This should support their efforts to repay the government support that several of them received during the downturn. In this CreditMatters TV segment, Associate Director Alexandre Birry provides an overview of the Dutch banking system's recovery, and how it is affecting the market's larger players.
Watch | Download
S&P: The U.S. Commercial Real Estate Outlook And Its Implications For Banks, Insurers, And REITs
The U.S. Commercial Real Estate Outlook And Its Implications For Banks, Insurers, And REITs (00:07:13 min)
The U.S. commercial real estate industry continues to recover from the lashing it took during the recent recession. But as the economy continues to rebound, we expect demand to improve. In this CreditMatters TV segment, Standard & Poor’s Director Matthew Carroll discusses the state of the industry and what lies ahead. Topics include key market drivers and the implications for bank, life insurer, and REIT investment portfolios.
Watch | Download
The U.S. commercial real estate industry continues to recover from the lashing it took during the recent recession. But as the economy continues to rebound, we expect demand to improve. In this CreditMatters TV segment, Standard & Poor’s Director Matthew Carroll discusses the state of the industry and what lies ahead. Topics include key market drivers and the implications for bank, life insurer, and REIT investment portfolios.
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Bloomberg: Goldman Sachs Says Portugal Is Last Euro Nation to Seek Bailout
Related News: Europe
Goldman Sachs Says Portugal Is Last Euro Nation to Seek Bailout
By Simon Kennedy - Apr 7, 2011 3:29 PM GMT+0900
Portugal is likely to be the last euro region country to seek an international bailout after the government yesterday joined Greece and Ireland in seeking aid, Goldman Sachs Group Inc. said.
Goldman Sachs Says Portugal Is Last Euro Nation to Seek Bailout
By Simon Kennedy - Apr 7, 2011 3:29 PM GMT+0900
Portugal is likely to be the last euro region country to seek an international bailout after the government yesterday joined Greece and Ireland in seeking aid, Goldman Sachs Group Inc. said.
WSJ: U.K. Data Stoke Worries on Growth
EUROPE NEWS|APRIL 7, 2011
U.K. Data Stoke Worries on Growth
By ALISTAIR MACDONALD
LONDON—U.K. manufacturing suffered a sharp slowdown in February after several months as the economy's star performer, stoking doubts about the sector's ability to lead Britain's fragile economy back to health, as it has in Germany.
U.K. Data Stoke Worries on Growth
By ALISTAIR MACDONALD
LONDON—U.K. manufacturing suffered a sharp slowdown in February after several months as the economy's star performer, stoking doubts about the sector's ability to lead Britain's fragile economy back to health, as it has in Germany.
Wednesday, April 6, 2011
CNN Money: Gold, silver and oil: The rally is back
Gold, silver and oil: The rally is back
By Ken Sweet, contributing writerApril 6, 2011: 3:48 PM ET
NEW YORK (CNNMoney) -- Oil, gold and silver have been hitting new highs and experts expect the momentum to continue.
By Ken Sweet, contributing writerApril 6, 2011: 3:48 PM ET
NEW YORK (CNNMoney) -- Oil, gold and silver have been hitting new highs and experts expect the momentum to continue.
emii.com: Columbia Unveils Absolute Return Funds
Columbia Unveils Absolute Return Funds
04-06-2011 | Source: emii.com
Columbia Management has unveiled two open-end absolute return mutual funds. The Columbia Absolute Return Multi-Strategy Fund aims at long-term returns similar to historical returns of investment-grade bonds, but with lower volatility and low correlation to the Barclays Capital U.S. Aggregate Bond Index.
04-06-2011 | Source: emii.com
Columbia Management has unveiled two open-end absolute return mutual funds. The Columbia Absolute Return Multi-Strategy Fund aims at long-term returns similar to historical returns of investment-grade bonds, but with lower volatility and low correlation to the Barclays Capital U.S. Aggregate Bond Index.
emii.com: GlobeOp To Unveil Hedge Fund Indices
GlobeOp To Unveil Hedge Fund Indices
04-06-2011 | Source: emii.com
GlobeOp Financial Services is seeking to roll out two new indexes tracking capital flows hedge funds. The two indices will offer monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom GlobeOp provides administration services.
04-06-2011 | Source: emii.com
GlobeOp Financial Services is seeking to roll out two new indexes tracking capital flows hedge funds. The two indices will offer monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom GlobeOp provides administration services.
Bloomberg: Portugal Seeks EU Bailout, Joining Greece, Ireland
Related News: Europe · Bonds
Portugal Seeks EU Bailout, Joining Greece, Ireland
By Joao Lima, Jim Silver and Anabela Reis - Apr 7, 2011 5:48 AM GMT+0900
Portugal has asked the European Union for a bailout after a domestic political crisis helped push borrowing costs to record levels, making it the third euro region country to seek a rescue.
Portugal Seeks EU Bailout, Joining Greece, Ireland
By Joao Lima, Jim Silver and Anabela Reis - Apr 7, 2011 5:48 AM GMT+0900
Portugal has asked the European Union for a bailout after a domestic political crisis helped push borrowing costs to record levels, making it the third euro region country to seek a rescue.
WSJ: German Banks May Add To Capital
BUSINESS|APRIL 6, 2011
German Banks May Add To Capital
By LAURA STEVENS, DANA CIMILLUCA and EYK HENNING
FRANKFURT—Germany's largest commercial banks—Deutsche Bank AG and Commerzbank AG—are expected to seek shareholder approval to raise billions of euros in capital, in the latest sign that Europe's banks are seeking to shore up their balance sheets in anticipation of a tougher regulatory environment.
German Banks May Add To Capital
By LAURA STEVENS, DANA CIMILLUCA and EYK HENNING
FRANKFURT—Germany's largest commercial banks—Deutsche Bank AG and Commerzbank AG—are expected to seek shareholder approval to raise billions of euros in capital, in the latest sign that Europe's banks are seeking to shore up their balance sheets in anticipation of a tougher regulatory environment.
S&P: Portugal: What S&P's Downgrade Means For The Country's Banks
Portugal: What Standard & Poor's Downgrade Means For The Country's Banks (00:20:59 min)
Since March 28th, 2011, we have downgraded, by several notches, the five Portuguese banks that we rate to 'BBB-'. We have also lowered the short-term ratings to 'A-3'. The outlooks on four of the five banks are negative. One bank still remains on CreditWatch negative. What prompted our rating actions on the banks? In this podcast, Director Elena Iparraguirre explains our rationale, why we feel sovereign risk and banks' ratings are so tighthly correlated, and our main expectations for the Portuguese financial system.
Listen
Since March 28th, 2011, we have downgraded, by several notches, the five Portuguese banks that we rate to 'BBB-'. We have also lowered the short-term ratings to 'A-3'. The outlooks on four of the five banks are negative. One bank still remains on CreditWatch negative. What prompted our rating actions on the banks? In this podcast, Director Elena Iparraguirre explains our rationale, why we feel sovereign risk and banks' ratings are so tighthly correlated, and our main expectations for the Portuguese financial system.
Listen
S&P: Why Municipal Risk Is Low For Rated U.S. Banks
Why Municipal Risk Is Low For Rated U.S. Banks (00:06:06 min)
There has been market debate about the outlook for municipal risk and U.S. banks' potential exposure to it, particularly in their loan portfolios and securities holdings. However, Standard & Poor’s believes the banks it rates aren't really facing significant exposure to municipal risk. In this CreditMatters TV segment, Managing Director Rodrigo Quintanilla explains why and discusses our findings.
Watch | Download
There has been market debate about the outlook for municipal risk and U.S. banks' potential exposure to it, particularly in their loan portfolios and securities holdings. However, Standard & Poor’s believes the banks it rates aren't really facing significant exposure to municipal risk. In this CreditMatters TV segment, Managing Director Rodrigo Quintanilla explains why and discusses our findings.
Watch | Download
Tuesday, April 5, 2011
WSJ: RBI's Gokarn: High Inflation Can't Be New Normal
ECONOMY|APRIL 5, 2011, 5:12 A.M. ET
RBI's Gokarn: High Inflation Can't Be New Normal
By SOURAV MISHRA, BIJOU GEORGE and SUBHADIP SIRCAR
MUMBAI—India cannot risk accepting high inflation as the "new normal," nor can the central bank be a bystander, a deputy governor of the Reserve Bank of India said Tuesday.
RBI's Gokarn: High Inflation Can't Be New Normal
By SOURAV MISHRA, BIJOU GEORGE and SUBHADIP SIRCAR
MUMBAI—India cannot risk accepting high inflation as the "new normal," nor can the central bank be a bystander, a deputy governor of the Reserve Bank of India said Tuesday.
WSJ: OECD Frets Over Inflation
EUROPE NEWS|APRIL 5, 2011, 5:21 A.M. ET
OECD Frets Over Inflation
By GABRIELE PARUSSINI
PARIS—Economic growth in the world's richest countries outside disaster-stricken Japan is gaining strength, the Organization for Economic Cooperation and Development said Tuesday in an upbeat interim assessment, but warned that a rise in commodity prices may push up inflation expectations.
OECD Frets Over Inflation
By GABRIELE PARUSSINI
PARIS—Economic growth in the world's richest countries outside disaster-stricken Japan is gaining strength, the Organization for Economic Cooperation and Development said Tuesday in an upbeat interim assessment, but warned that a rise in commodity prices may push up inflation expectations.
Bloomberg: Bernanke Says Fed Must Monitor Inflation ‘Extremely Closely’
Related News: Economy · U.S. · Currencies · Germany
Bernanke Says Fed Must Monitor Inflation ‘Extremely Closely’
By Scott Lanman and Steve Matthews - Apr 5, 2011 1:00 PM GMT+0900
Federal Reserve Chairman Ben S. Bernanke said policy makers must watch inflation “extremely closely” for evidence that rising commodity costs are having more than a temporary impact on consumer prices.
Bernanke Says Fed Must Monitor Inflation ‘Extremely Closely’
By Scott Lanman and Steve Matthews - Apr 5, 2011 1:00 PM GMT+0900
Federal Reserve Chairman Ben S. Bernanke said policy makers must watch inflation “extremely closely” for evidence that rising commodity costs are having more than a temporary impact on consumer prices.
WSJ: IMF Chief: 'Black Swans' Still Haunt Global Finance
BUSINESS|APRIL 4, 2011, 8:46 P.M. ET
IMF Chief: 'Black Swans' Still Haunt Global Finance
By IAN TALLEY
WASHINGTON—The global economic recovery is still fragile, uneven and "beset by great uncertainty," the head of the International Monetary Fund said late Monday.
IMF Chief: 'Black Swans' Still Haunt Global Finance
By IAN TALLEY
WASHINGTON—The global economic recovery is still fragile, uneven and "beset by great uncertainty," the head of the International Monetary Fund said late Monday.
Monday, April 4, 2011
Bloomberg: Geithner Says U.S. To Reach Debt Limit No Later Than May 16
Related News: Economy
Geithner Says U.S. To Reach Debt Limit No Later Than May 16
By Rebecca Christie and Phil Mattingly - Apr 5, 2011 6:34 AM GMT+0900
The U.S. will reach its $14.29 trillion legal debt limit no later than May 16 unless Congress acts before then, Treasury Secretary Timothy F. Geithner said today, and he warned of “severe hardship” for Americans if lawmakers fail to act.
Geithner Says U.S. To Reach Debt Limit No Later Than May 16
By Rebecca Christie and Phil Mattingly - Apr 5, 2011 6:34 AM GMT+0900
 |
| Treasury Secretary Timothy F. Geithner |
Sunday, April 3, 2011
Bloomberg: U.S. Service Industries Probably Grew at Close to Fastest Pace Since 2005
Related News: Economy · U.S.
U.S. Service Industries Probably Grew at Close to Fastest Pace Since 2005
By Timothy R. Homan - Apr 3, 2011 1:00 PM GMT+0900
Service industries probably expanded in March at close to the fastest pace since 2005, a sign the U.S. economic expansion is broadening beyond manufacturing, economists said ahead of a report this week.
U.S. Service Industries Probably Grew at Close to Fastest Pace Since 2005
By Timothy R. Homan - Apr 3, 2011 1:00 PM GMT+0900
Service industries probably expanded in March at close to the fastest pace since 2005, a sign the U.S. economic expansion is broadening beyond manufacturing, economists said ahead of a report this week.
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