financial news

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…

Need to Create? Get a Constraint | Wired Science | Wired.com One of the many paradoxes of human creativity is that it seems to benefit from constraints. Although we imagine the imagination as requiring total freedom, the reality…

Spain Set to Vote for Rajoy Cuts as Crisis Claims Fifth Leader - Bloomberg Spaniards may hand the biggest majority in three decades to opposition People's Party leader Mariano Rajoy as polls suggest Europe's debt crisis will…

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EuroStoxx 600 is off its lows but still down 0.4%, Asia shares mostly lower; dollar pares back gains. ECB backs a weekly limit of €20bln for SMP purchases; Malaysia reports robust Q3 growth. Looking at the four key drivers of dollar…

2011/11/16 00:43 - Japan's Hidden Jobless Hits 4.69mn, Worse Than After Lehman Shock The number of Japanese that want to work but are not actively seeking employment has surpassed levels from after the global financial crisis…