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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Wednesday, April 20, 2011
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
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| 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.
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