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🇺🇸 LA
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🇬🇧 London
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🇮🇹 Rome
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🇮🇳 Delhi
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🇨🇳 Beijing
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Tuesday, April 19, 2011

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.

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.

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.

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.

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.

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.

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.

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.

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.

Listen

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.