News

Foreign-language economic and finance links for 26 November

Here are the English-language links for 26 November.

Europe Can't Move Fast Enough to Halt Crisis - Tim Duy's Fed Watch Like it or not, the ECB is the one institution that can act quickly. To be sure, arguably it is now too late to act "quickly." Now quick action is…

Euro continues to weaken as US markets reopen from holiday; consolidative price action Thursday is being replaced by a return to trend today, with dollar broadly stronger, EM and “risk” broadly lower. European equities are down, and futures…

Egypt downgraded by S&P | beyondbrics | FT.com In a move that will shock no one, Standard & Poor's has downgraded Egypt for the second time in five weeks. S&P lowered Egypt's foreign and local currency sovereign…

ECB lending to eurozone banks hits high - FT.com Eurozone banks raised sharply their borrowing from European Central Bank on Tuesday, with lending hitting a new high for the year amid signs banks are…

What was to be a subdued period in the markets is turning into a rout. There have been a number of poor developments that have sent the US dollar broadly higher and has weighed on the highly correlated risk assets, equities, emerging market…

I have been reading a lot of Western European and Spanish-language press recently. These articles give me a good sense of what the local press is thinking about the euro crisis (and the developing situation in Argentina) in addition to what…

Downgrade watch begins as debt panel concedes defeat - The Hill's On The Money Credit rating agencies reiterated Monday that the U.S. is at risk of a downgrade following the announcement that the supercommittee has failed.…

BofA Clash With Fannie Mae Escalates Over Loan Buyback Stance - Bloomberg Bank of America Corp. (BAC) told Fannie Mae it refuses to cooperate with the U.S. mortgage firm's new stance on loan buybacks, setting the lender up for a…