Greece: Improved Debt Sustainability
The EU Summit agreed a maturity extension and a reduction in the interest rates on both existing and new loans provided by the EFSF.
Monday, July 25, 2011
European Summit: A Yorktown Moment?
European Summit: A Yorktown Moment?
The EU summit may be a significant turning point in the eurozone crisis.
The EU summit may be a significant turning point in the eurozone crisis.
Bloomberg: Societe Generale Undermined by Greek Debt Crisis in Recovery from Kerviel
Related News: Finance, Europe, France, Executive, Markets Magazine
Societe Generale Undermined by Greek Debt Crisis in Recovery from Kerviel
By Richard Tomlinson and Fabio Benedetti-Valentini - Jul 26, 2011 6:15 AM GMT+0900
Bloomberg Markets Magazine
In a locked room on the 33rd floor of Societe Generale (GLE) SA’s 36-story headquarters in western Paris, members of the bank’s fraud control team peer at their computers, scrutinizing the trades being executed by dealers in eight trading rooms on the floors below.
Societe Generale Undermined by Greek Debt Crisis in Recovery from Kerviel
By Richard Tomlinson and Fabio Benedetti-Valentini - Jul 26, 2011 6:15 AM GMT+0900
Bloomberg Markets Magazine
In a locked room on the 33rd floor of Societe Generale (GLE) SA’s 36-story headquarters in western Paris, members of the bank’s fraud control team peer at their computers, scrutinizing the trades being executed by dealers in eight trading rooms on the floors below.
Sunday, July 24, 2011
WSJ: Forget About Black Swans, the One Floating Ahead is Neon
THE INTELLIGENT INVESTOR JULY 23, 2011
Forget About Black Swans, the One Floating Ahead is Neon
By JASON ZWEIG
You've heard of black swans—events that are unthinkably rare, immensely important, and as unpredictable in advance as they are inevitable in hindsight. Now, with no one ruling out a default or downgrade of U.S. Treasury debt, investors face a new kind of threat: what we will call the neon swan, an event that is unthinkably rare, immensely important and blindingly obvious.
Forget About Black Swans, the One Floating Ahead is Neon
By JASON ZWEIG
Friday, July 22, 2011
For Blackstone, Real Estate Now Giveth
http://online.wsj.com/
EARNINGS
July 22, 2011
For Blackstone, Real Estate Now Giveth
By GREGORY ZUCKERMAN And AMY OR
Blackstone Group LP, (BX) like many of its private-equity peers, suffered paper losses from the collapse of the property market. Now, surging real-estate profits are helping to drive gains for the private-equity powerhouse.
EARNINGS
July 22, 2011
For Blackstone, Real Estate Now Giveth
By GREGORY ZUCKERMAN And AMY OR
Blackstone Group LP, (BX) like many of its private-equity peers, suffered paper losses from the collapse of the property market. Now, surging real-estate profits are helping to drive gains for the private-equity powerhouse.
Colliers: German office leasing market sees vacancies decline (DE)
Colliers: German office leasing market sees vacancies decline (DE)
Thursday 21 July 2011
The German office leasing market showed its most positive side in the first half of 2011 in terms of take-up of space.
Just under 1.42 million m² of space was taken up in the six most important centers of office activity, an increase of almost 19% from the previous year. At the same time, this is the second best half-year result since 2005,” emphasizes Andreas Trumpp, Head of Research at Colliers International in Germany.
http://www.europe-re.com/system/main.php?pageid=2616&articleid=18515
Thursday 21 July 2011
The German office leasing market showed its most positive side in the first half of 2011 in terms of take-up of space.
Just under 1.42 million m² of space was taken up in the six most important centers of office activity, an increase of almost 19% from the previous year. At the same time, this is the second best half-year result since 2005,” emphasizes Andreas Trumpp, Head of Research at Colliers International in Germany.
http://www.europe-re.com/system/main.php?pageid=2616&articleid=18515
WSJ: Europe Launches a Massive Greek Bailout
MARKETS JULY 22, 2011
Europe Launches a Massive Greek Bailout
Plan to Contain Crisis Likely Means First Euro-Zone Default
By CHARLES FORELLE, PATRICIA KOWSMANN and COSTAS PARIS
BRUSSELS—Euro-zone leaders agreed Thursday on a new €109 billion ($157 billion) bailout for Greece and new steps to prevent its debt crisis from metastasizing across the Continent—in a plan expected to trigger the first debt default by a nation using the common currency.
Europe Launches a Massive Greek Bailout
Plan to Contain Crisis Likely Means First Euro-Zone Default
By CHARLES FORELLE, PATRICIA KOWSMANN and COSTAS PARIS
BRUSSELS—Euro-zone leaders agreed Thursday on a new €109 billion ($157 billion) bailout for Greece and new steps to prevent its debt crisis from metastasizing across the Continent—in a plan expected to trigger the first debt default by a nation using the common currency.
Wednesday, July 20, 2011
US Existing Home Sales: A minor disappointment (B. Jones)
Dip in June resales likely will prove temporary.
The National Association of Realtors reported that sales of existing dwellings retreated by 0.8% to a seasonally adjusted annual rate of 4.77 million in June the slowest selling pace since last November.
The National Association of Realtors reported that sales of existing dwellings retreated by 0.8% to a seasonally adjusted annual rate of 4.77 million in June the slowest selling pace since last November.
CNNMoney: Existing home sales dip in June
Existing home sales dip in June
Ben Rooney July 20, 2011: 11:20 AM ET
NEW YORK (CNNMoney) -- Sales of existing homes dipped in June as buyers unexpectedly backed out of contracts, according to an industry group.
Ben Rooney July 20, 2011: 11:20 AM ET
NEW YORK (CNNMoney) -- Sales of existing homes dipped in June as buyers unexpectedly backed out of contracts, according to an industry group.
Thursday, July 14, 2011
Bloomberg: Bank Delays May Push 1 Million U.S. Foreclosure Filings to 2012
Related News: Bloomberg, Finance, Real Estate, US, Personal Finance
Bank Delays May Push 1 Million U.S. Foreclosure Filings to 2012
By Dan Levy - Jul 14, 2011 1:00 PM GMT+0900
Lender delays in processing home- loan defaults will push as many as 1 million U.S. foreclosure filings from this year to 2012 or beyond, casting an “ominous shadow” on the housing market, according to RealtyTrac Inc.
Bank Delays May Push 1 Million U.S. Foreclosure Filings to 2012
By Dan Levy - Jul 14, 2011 1:00 PM GMT+0900
Lender delays in processing home- loan defaults will push as many as 1 million U.S. foreclosure filings from this year to 2012 or beyond, casting an “ominous shadow” on the housing market, according to RealtyTrac Inc.
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