financial news

GOLDMAN SACHS: The ECB Should Take A Leaf Out Of The Swiss Book credible commitments backed up with the threat of unlimited action are likely in general to be much more effective, and cheaper, than vaguer intervention…

European stocks, Italian bonds and the euro are rebounding after Italy’s BTP auction and ECB containment strategy. European political uncertainty remains dominant driver; Australia employment better than expected. Bank of Indonesia…

Will the eurozone crisis send the gold price soaring? - Telegraph Pressure grows on European Central Bank to start printing money. tags: ECB gold liquidity It’s time for you to fire the silver bullet,…

Markets have shifted back to crisis mode amid uncertainty over Italian economic reforms. Three likely scenarios remain after Berlusconi’s upcoming departure; Italian 10-year above 7%. UK September trade data unexpectedly widened, on…

Lessons From the Failure of MF Global - WSJ.com The number that ended up killing MF Global Holdings Ltd. lay buried in a 139-page regulatory filing. The second row of a table on page 78 of the securities firm's latest annual…

European shares are rebounding after a two-day decline; dollar is mostly higher in G10. Italian politics remains front and center ahead of budget vote; UK outlook remains sluggish. With US calendar light, markets likely to focus on Fed…

Europe's rescue fiasco leaves Italy defenceless - Telegraph The sixty days allotted to save monetary union have expired. The G20 has come and gone, yet no workable firewall is in place as the drama engulfs Italy and…

European shares have given back early morning gains as Berlusconi denies resignation reports. Market attention will remain focused on political developments in the euro zone; Italy likely to overshadow Greece now. Light US data is likely to…

Roubini On Internal Devaluation - NYTimes.com The international experience of “internal devaluations” is mostly one of failure. tags: deflation austerity Europe Canucks Anonymous: Fixing what's wrong…

BBC News - Greeks will have 'Bulgarian salary with London prices' Greece's 340 billion euro debt has led to huge austerity cuts which have dramatically impacted the standard of living in the country. Ilia Iatrou, a…