Reuters: PIMCO head predicts Greece, others will default
TAIPEI | Tue Jun 21, 2011 11:11pm EDT
(Reuters) - The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area faces a debt crisis.
Wednesday, June 22, 2011
Tuesday, June 21, 2011
Bloomberg: Existing-Home Sales in U.S. Fell in May to Six-Month Low, May Be at Bottom
Related News: Economy, Real Estate, US, Municipal Bonds
Bloomberg: Existing-Home Sales in U.S. Fell in May to Six-Month Low, May Be at Bottom
By Timothy R. Homan - Jun 22, 2011 5:19 AM GMT+0900
Sales of existing U.S. homes decreased in May to the lowest level in six months, a sign that the housing market is lagging other parts of the economy.
Bloomberg: Existing-Home Sales in U.S. Fell in May to Six-Month Low, May Be at Bottom
By Timothy R. Homan - Jun 22, 2011 5:19 AM GMT+0900
Sales of existing U.S. homes decreased in May to the lowest level in six months, a sign that the housing market is lagging other parts of the economy.
USAToday: Hydra-headed Greek crisis rises anew
USA TODAY: Hydra-headed Greek crisis rises anew
By Scott Patterson, USA TODAY
The crisis in Greece has been a lot like that never-say-die monster in B horror flicks that keeps popping up to scare the audience, even after it's been gunned down a dozen times. In the past week, the Greek crisis reared its head again, triggering a sell-off of risky assets around the globe. What happened this time?
By Scott Patterson, USA TODAY
The crisis in Greece has been a lot like that never-say-die monster in B horror flicks that keeps popping up to scare the audience, even after it's been gunned down a dozen times. In the past week, the Greek crisis reared its head again, triggering a sell-off of risky assets around the globe. What happened this time?
USAToday: As Fed meets amid soft patch, economists eye second half
USA TODAY: As Fed meets amid soft patch, economists eye second half
By Scott Patterson, USA TODAY
The U.S. economy is at a pivot point, teetering between another downturn and a return to the growth path it was on until earlier this year. That problem is sure to weigh on the mind of Fed Chairman Ben Bernanke as the Federal Reserve convenes today .
By Scott Patterson, USA TODAY
The U.S. economy is at a pivot point, teetering between another downturn and a return to the growth path it was on until earlier this year. That problem is sure to weigh on the mind of Fed Chairman Ben Bernanke as the Federal Reserve convenes today .
Monday, June 20, 2011
Reuters: Hedge fund bosses cautious ahead of Monaco summit
Reuters: Hedge fund bosses cautious ahead of Monaco summit
By Laurence Fletcher
MONACO | Mon Jun 20, 2011 7:11pm EDT
(Reuters) - European hedge funds' top executives will be in cautious mood this week as they gather in Monaco for their annual summit, after big losses in May took some of the shine off a year of inflows and strong returns.
By Laurence Fletcher
MONACO | Mon Jun 20, 2011 7:11pm EDT
(Reuters) - European hedge funds' top executives will be in cautious mood this week as they gather in Monaco for their annual summit, after big losses in May took some of the shine off a year of inflows and strong returns.
WSJ: Housing Troubles Have Deep Foundations
AHEAD OF THE TAPE|JUNE 21, 2011
WSJ: Housing Troubles Have Deep Foundations
By DAVID REILLY
Federal Reserve Chairman Ben Bernanke may be right that recent rises in food and energy prices are transitory. If only the same were true of weakness in the housing market.
WSJ: Housing Troubles Have Deep Foundations
By DAVID REILLY
Fortune: Europe's sickly banks
Europe's sickly banks
By Colin Barr June 20, 2011: 6:30 AM ET
You could knock Europe's banks over with a feather.
By Colin Barr June 20, 2011: 6:30 AM ET
Bloomberg: Greek Default Would Spell ‘Havoc’ for European Banks a Year After Bailout
Related News: Bloomberg, UK, Ireland, Bonds, Economy, Finance, Europe, France, Eastern Europe, Germany
Bloomberg: Greek Default Would Spell ‘Havoc’ for European Banks a Year After Bailout
By Aaron Kirchfeld and Elena Logutenkova - Jun 20, 2011 12:31 PM GMT+0900
A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.
Bloomberg: Greek Default Would Spell ‘Havoc’ for European Banks a Year After Bailout
By Aaron Kirchfeld and Elena Logutenkova - Jun 20, 2011 12:31 PM GMT+0900
A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.
Gov't looks into algae potentials
Gov't looks into algae potentials
By ELLALYN B. DE VERA
June 20, 2011, 2:23pm
MANILA, Philippines — The Department of Agriculture (DA) has consulted algae experts to look into the potentials of algae as a source of biofuel in the country.
By ELLALYN B. DE VERA
June 20, 2011, 2:23pm
MANILA, Philippines — The Department of Agriculture (DA) has consulted algae experts to look into the potentials of algae as a source of biofuel in the country.
Sunday, June 19, 2011
Bloomberg: Europe May Withhold Half of Greek Payment
Related News: Economy, Europe, France, Germany, U.K. & Ireland, Bonds, Eastern Europe, Italy, Currencies
Europe May Withhold Half of Greek Payment
By James G. Neuger and Jonathan Stearns - Jun 20, 2011 8:16 AM GMT+0900
European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.
Europe May Withhold Half of Greek Payment
By James G. Neuger and Jonathan Stearns - Jun 20, 2011 8:16 AM GMT+0900
European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.
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