Global Finance ranks the 50 Biggest Banks
Top 10 see $3.2 trillion drop in assets
NEW YORK, September 13, 2010 — Global Finance reveals its annual ranking of the World’s 50 Biggest Banks, as measured by total assets. The list will be published in the October issue of Global Finance Magazine.
The world’s biggest banks are beginning, once again, to enjoy calmer times. But while the people running the banks may be heaving a huge sigh of relief, some serious damage has been done. All but a handful of the banks at the top of the Global Finance World’s Biggest Banks list have seen their assets fall over the past year. The top 10 banks have seen $3.2 trillion hacked off their combined balance sheet, giving an idea of the severity of the carnage at the top of the table. It appears the spoils are accruing to the upstarts, though, as the total assets of the top 50 as a whole barely budged at $61.8 trillion.
Tuesday, September 14, 2010
Monday, September 13, 2010
Interim forecast September 2010 for the EU economy
Interim forecast September 2010
Interim forecast full document
The Commission published its latest interim economic forecast on 13 September 2010. The underlying message of this update of GDP and inflation variables is that the EU economy, while still fragile, is recovering at a faster pace than previously envisaged. The updated projections include France, Germany, Italy, the Netherlands, Poland, Spain and the United Kingdom. The seven countries concerned represent 79% of EU and almost 83% of euro area GDP.
Improved prospects for the EU economy
Based on an update of the outlook for the seven largest Member States, GDP is now expected to expand by 0.5% in the EU and euro area in the third quarter and by 0.4% and 0.3% respectively in the fourth. This represents a slight upward revision compared to the the spring forecast, mainly on account of spill-over of the momentum from the second quarter.
Growth forecast for the EU economy revised up
For 2010 as a whole, GDP growth is now forecast at 1.8% in the EU and 1.7% in the euro area. This represents a sizeable upward revision compared to the spring forecast (1.0% for the EU and 0.9% for the euro area)
Inflation in the EU to remain moderate
Looking ahead, the headline inflation rate for 2010 is expected to hold at 1.8% in the EU, while in the euro area it is marginally revised down to 1.4% (-0.1 pp. compared to the spring forecast).
High uncertainty, but broadly balanced risks
Uncertainty at the current juncture is high, with non-negligible risks to the EU growth outlook. On the upside, the impetus from the export-led industrial rebound to private consumption could prove stronger than assumed in the baseline, as was the case in the first half of the year. On the downside, softening global demand in the second part of 2010 - beyond that allowed for in the baseline - could pose a risk for EU export growth.
The Commission usually publishes economic forecasts four times a year - comprehensive spring and autumn forecasts and smaller interim forecasts in February and September. The Commission's interim forecast is based on updated projections for France, Germany, Italy, the Netherlands, Poland, Spain and the UK.
The next fully fledged forecast is due end November 2010.
Interim forecast full document
Interim forecast full document
The Commission published its latest interim economic forecast on 13 September 2010. The underlying message of this update of GDP and inflation variables is that the EU economy, while still fragile, is recovering at a faster pace than previously envisaged. The updated projections include France, Germany, Italy, the Netherlands, Poland, Spain and the United Kingdom. The seven countries concerned represent 79% of EU and almost 83% of euro area GDP.
Improved prospects for the EU economy
Based on an update of the outlook for the seven largest Member States, GDP is now expected to expand by 0.5% in the EU and euro area in the third quarter and by 0.4% and 0.3% respectively in the fourth. This represents a slight upward revision compared to the the spring forecast, mainly on account of spill-over of the momentum from the second quarter.
Growth forecast for the EU economy revised up
For 2010 as a whole, GDP growth is now forecast at 1.8% in the EU and 1.7% in the euro area. This represents a sizeable upward revision compared to the spring forecast (1.0% for the EU and 0.9% for the euro area)
Inflation in the EU to remain moderate
Looking ahead, the headline inflation rate for 2010 is expected to hold at 1.8% in the EU, while in the euro area it is marginally revised down to 1.4% (-0.1 pp. compared to the spring forecast).
High uncertainty, but broadly balanced risks
Uncertainty at the current juncture is high, with non-negligible risks to the EU growth outlook. On the upside, the impetus from the export-led industrial rebound to private consumption could prove stronger than assumed in the baseline, as was the case in the first half of the year. On the downside, softening global demand in the second part of 2010 - beyond that allowed for in the baseline - could pose a risk for EU export growth.
The Commission usually publishes economic forecasts four times a year - comprehensive spring and autumn forecasts and smaller interim forecasts in February and September. The Commission's interim forecast is based on updated projections for France, Germany, Italy, the Netherlands, Poland, Spain and the UK.
The next fully fledged forecast is due end November 2010.
Interim forecast full document
Wednesday, September 8, 2010
Moody's:Aug Global Spec Grade Default Rate 5.0% V 12.3% Yr Ago | iMarketNews.com
Moody's:Aug Global Spec Grade Default Rate 5.0% V 12.3% Yr Ago | iMarketNews.com
WASHINGTON (MNI) - Moody's said Wednesday that the default rate for global speculative-grade debt fell to 5.0% in August vs. 12.3% a year ago, while it was 5.1% in the U.S. and down to 4.:
The trailing 12-month global speculative-grade default rate fell from 5.5% in July to 5.0% in August, said Moody's Investors Service in its latest default report. A year ago, the global speculative-grade default rate stood at 12.3%.
The ratings agency's default rate forecasting model now predicts that the global speculative-grade default rate will fall to 2.7% by the end of this year and then edge lower to 2.0% a year from now. ...
iMarketNews.com Moody's:Aug Global Spec Grade Default Rate 5.0% V 12.3% Yr Ago
Bloomberg Default Rate Will Fall to 2% Next Year, Moody’s Says
WASHINGTON (MNI) - Moody's said Wednesday that the default rate for global speculative-grade debt fell to 5.0% in August vs. 12.3% a year ago, while it was 5.1% in the U.S. and down to 4.:
The trailing 12-month global speculative-grade default rate fell from 5.5% in July to 5.0% in August, said Moody's Investors Service in its latest default report. A year ago, the global speculative-grade default rate stood at 12.3%.
The ratings agency's default rate forecasting model now predicts that the global speculative-grade default rate will fall to 2.7% by the end of this year and then edge lower to 2.0% a year from now. ...
iMarketNews.com Moody's:Aug Global Spec Grade Default Rate 5.0% V 12.3% Yr Ago
Bloomberg Default Rate Will Fall to 2% Next Year, Moody’s Says
Sunday, September 5, 2010
How Light Emitting Diodes Work
Inside this Article
Introduction to How Light Emitting Diodes Work
What is a Diode?
How Can a Diode Produce Light?
LED Advantages
Lots More Information
See all Solid State Electronics articles
Light emitting diodes, commonly called LEDs, are real unsung heroes in the electronics world. They do dozens of different jobs and are found in all kinds of devices. Among other things, they form the numbers on digital clocks, transmit information from remote controls, light up watches and tell you when your appliances are turned on. Collected together, they can form images on a jumbo television screen or illuminate a traffic light.
[more...]
Friday, September 3, 2010
WORLD’S 50 SAFEST BANKS 2010
Global Finance names the World's 50 Safest Banks 2010
NEW YORK, September 2, 2010 – With bank stability still high on corporate and investor agendas, Global Finance publishes its 19th annual list of the world’s safest banks. The sovereign debt crisis in Europe and renewed concerns about the global economic outlook are once again putting the spotlight on bank safety. It should be somewhat reassuring that 45 of the top-50 safest banks is this year’s listing maintained their standing among the top echelon in this year’s ranking. Banks that cleaned up their balance sheets and strengthened their capital positions were the biggest gainers. In many instances, non-performing loans have been reduced significantly. Several major British banks have rejoined the top 50, although many of the big name banks that lost their safest bank ranking during the credit crunch are still absent from the list.
See the coverage on CNBC:
NEW YORK, September 2, 2010 – With bank stability still high on corporate and investor agendas, Global Finance publishes its 19th annual list of the world’s safest banks. The sovereign debt crisis in Europe and renewed concerns about the global economic outlook are once again putting the spotlight on bank safety. It should be somewhat reassuring that 45 of the top-50 safest banks is this year’s listing maintained their standing among the top echelon in this year’s ranking. Banks that cleaned up their balance sheets and strengthened their capital positions were the biggest gainers. In many instances, non-performing loans have been reduced significantly. Several major British banks have rejoined the top 50, although many of the big name banks that lost their safest bank ranking during the credit crunch are still absent from the list.
See the coverage on CNBC:
Wednesday, September 1, 2010
BEST PLACES TO LIVE (CNN Money)
BEST PLACES TO LIVE Money's list of America's best small cities
01 Eden Prairie, MN
02 Columbia/Ellicott City, MD
03 Newton, MA
04 Bellevue, WA
05 McKinney, TX
06 Fort Collins, CO
07 Overland Park, KS
08 Fishers, IN
09 Ames, IA
10 Rogers, AR
11 Plymouth, MN
12 Highlands Ranch, CO
13 Woodbury, MN
14 Carmel, IN
15 Eagan, MN
16 Allen, TX
17 Shawnee, KS
18 South Jordan, UT
19 Broomfield, CO
20 Apple Valley, MN
21 Missouri City, TX
22 Irvine, CA
23 Cary, NC
24 Rowlett, TX
25 Gaithersburg, MD
(more)
01 Eden Prairie, MN
02 Columbia/Ellicott City, MD
03 Newton, MA
04 Bellevue, WA
05 McKinney, TX
06 Fort Collins, CO
07 Overland Park, KS
08 Fishers, IN
09 Ames, IA
10 Rogers, AR
11 Plymouth, MN
12 Highlands Ranch, CO
13 Woodbury, MN
14 Carmel, IN
15 Eagan, MN
16 Allen, TX
17 Shawnee, KS
18 South Jordan, UT
19 Broomfield, CO
20 Apple Valley, MN
21 Missouri City, TX
22 Irvine, CA
23 Cary, NC
24 Rowlett, TX
25 Gaithersburg, MD
(more)
Tuesday, August 24, 2010
U.S. Has `Realistic Possibility' of Stagnation, S&P's Wyss Says
The U.S. has a “realistic possibility” of falling into a Japanese-style economic slump, said David Wyss, chief economist at Standard & Poor’s. ...
Ken Langone: US Economy Like a 'Drunk That Keeps Drinking': Langone - CNBC
Ken Langone: US Economy Like a 'Drunk That Keeps Drinking': Langone - CNBC
By: CNBC.com
The struggling U.S. economy, held up by "artificial" stimulus, is not unlike a "drunk that keeps drinking," Ken Langone, former director of the New York Stock Exchange and co-founder of Fieldpoint Private Bank and Trust told CNBC Tuesday. ...
By: CNBC.com
The struggling U.S. economy, held up by "artificial" stimulus, is not unlike a "drunk that keeps drinking," Ken Langone, former director of the New York Stock Exchange and co-founder of Fieldpoint Private Bank and Trust told CNBC Tuesday. ...
U.S. Existing Home Sales in Record Plunge
U.S. Existing Home Sales in Record Plunge
Sales of existing houses plunged by a record 27 percent in July as the effects of a government tax credit waned, showing a lack of jobs threatens to undermine the U.S. economic recovery. ...
Sales of existing houses plunged by a record 27 percent in July as the effects of a government tax credit waned, showing a lack of jobs threatens to undermine the U.S. economic recovery. ...
Global economy going nowhere fast
Global economy going nowhere fast
NEW YORK (CNNMoney.com) -- So much for merger mania getting investors excited.
Stocks were off to a brutal start Tuesday, following a lackluster Monday. Even though the pace of corporate takeovers is picking up, investors just aren't buying the notion that more mergers could lead to higher stock prices. ...
NEW YORK (CNNMoney.com) -- So much for merger mania getting investors excited.
Stocks were off to a brutal start Tuesday, following a lackluster Monday. Even though the pace of corporate takeovers is picking up, investors just aren't buying the notion that more mergers could lead to higher stock prices. ...
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