forexsq.com - Greece’s next government may hold a trump card worth more than $510 billion if it heeds voters’ demands to renegotiate its bailout with the European Union.
The nation owes about 400 billion euros ($517 billion) to private bondholders, public bodies such as the International Monetary Fund and European Central Bank, and other creditors, according to data compiled by Bloomberg. Abou
forexsq.com - I am pleased to speak this morning at what has become, over nearly 50 years, perhaps the most prestigious conference for bankers, academics, and bank supervisors in the United States. The first part of my remarks will highlight the significant progress that has been made over the past several years toward restoring the banking system to good health. I will also talk about some of th
forexsq.com - Chinese trade data showed a sharp drop in activity in April, with both export and import growth falling well short of expectations, raising fresh concerns about the resilience of the Chinese economy amid softening global demand.
Exports rose 4.9% in April from a year earlier, while imports rose just 0.3%, data released by China’s General Administration of Customs. showed.
forexsq.com - It’s just after lunchtime on a drizzly day in the Amsterdam suburb of Bos en Lommer and the line of people waiting to fill their bags with free rice, juice, potatoes and bread is lengthening.
The market is one of 135 food banks in the Netherlands bailing out people trying to survive on less than 180 euros ($234) a month, the threshold to qualify for the aid. Organizers say demand
forexsq.com - Every day, rivers of green currency sheets flow through the presses at the Bureau of Engraving and Printing, the federal agency responsible for printing all of the country's paper money. The technology used to produce today's legal tender is a far cry from the steam-powered machines used to trim, separate and seal America's first currency notes in 1862. However, the multi-step proce
forexsq.com - Read Full Story at cnbc.com For the moment, let us forget the chances of a hard landing in China. Forget the drama of Europe’s circus of politically inspired economic incompetency. This is dangerous. Improved US data may represent a classic short-term cyclical upturn amid a profound global deleveraging cycle. Such moves have been commonplace for the past three years and have yet to
forexsq.com - The Greek left-wing politician tasked with forming a new government after the country's parliamentary elections has called the Greek bailout agreement invalid. Several German leaders responded Wednesday by demanding that Greece stick to the negotiated austerity measures if it wants to receive future international financial aid. As Greece struggles to form a coalition government in t
forexsq.com - Not being a best-selling author, film star or U.S. senator, I won’t be giving commencement speeches this spring. But as I imagine myself at the podium in front of eager young college graduates, I know exactly what I would say.
I would tell them to thank their parents for their support and to live and work with passion and purpose. But the bulk of my address would focus on the imp
forexsq.com - In the five years that John Silvetz made about $700 million for Deutsche Bank AG (DBK) by trading corporate bonds and credit derivatives, the share of his annual bonus paid in cash dropped to 20 percent from almost 70 percent.
The rest, earned by betting on companies from American International Group Inc. to MBIA Inc., was locked up in deferred stock and euros, according to peopl
forexsq.com - Germany exported commodities to the value of Euro 98.9 billion and imported commodities to the value of Euro 81.5 billion in March 2012. As further reported by the Federal Statistical Office (Destatis) on the basis of provisional data, these were the highest monthly figures ever recorded for exports and imports (both previous all-time highs recorded in March 2011). Compared with Mar
forexsq.com - Crude-oil futures fell below $97 a barrel on Tuesday, poised to extend their declines for a fifth session, as weakness in global markets in the wake of elections in Europe dented expectations for economic growth.
Crude for June delivery CLM2 -1.35% fell $1.46, or 1.5%, to $96.53 a barrel on the New York Mercantile Exchange, an acceleration following a drop of 55 cents in the prio
Most U.S. stocks rose, led by banks, after billionaire investor Warren Buffett said American lenders are in “fine shape.” The euro slid for a sixth day and commodities fell after French Socialist Francois Hollande was elected president and Greek voters picked anti-bailout parties.
The Standard & Poor’s 500 Index (SPX) added less than 0.1 percent to 1,369.58 at 4 p.m. in New York as six stocks
Rising public debt and elections in Europe and the U.S. have once again raised the debate over taxes. Europe’s debt crisis is forcing some countries to raise taxes. Spain, for example, raised its personal tax rate by 2 percentage points to 45 percent last year and France’s newly elected Socialist Party is also proposing hiking taxes on the rich. In the U.S., President Barack Obama has proposed th
forexsq.com - The economic slowdown in India is one of the world’s biggest economic stories, but it is commanding only a modicum of attention in the United States. It may not even look like a slowdown because by developed standards, India’s growth — estimated by the International Monetary Fund at 6.9 percent for 2012 — is still strong. But a slowdown it is: the economy has decelerated from projec
Francois Hollande, who defeated French President Nicolas Sarkozy to become the first Socialist in 17 years to control Europe’s second-biggest economy, pledged to push for less austerity and more growth in the region.
