financial news

Morning dominated by SNB’s decision to target EUR/CHF at 1.20; European stocks marginally higher. German August orders slumped -2.8%, first drop since March; US service-sector ISM key report today. In the EM space, China's economic growth…

The Decline of Manufacturing in America: A Case Study « naked capitalism (tags: manufacturing) Study plays down impact of bank ringfencing - FT.com…

US dollar broadly firmer vs. majors as global growth concerns, euro zone tensions pick up. Merkel's CDU lost weekend election in her home state of Mecklenburg-Western Pomerania. Risk assets under pressure, Swiss franc still outperforming;…

One and Done? - NYTimes.com (tags: obama jobs) BBC News - ECB chief Trichet warns Italy to stick with austerity (tags: italy ecb…

Vitriol for Bernanke, Despite the Facts - NYTimes.com (tags: federal-reserve politics) Alistair Darling memoirs: 'Working with Gordon Brown was like having…

CARPE DIEM: Corporate Profits Surge to Record High in Q2 Corporate profits in the second quarter (both nominal and inflation-adjusted using the business sector price deflator) reached all-time record highs…

Dollar is mostly firmer against the majors as recent risk rally stalls; US NFP is major focus today. Euro zone jitters pick up after troika suspends Greek talks temporarily; Italy also back in focus. EM sentiment remains poor after Brazil…

Jack the Ripper: First picture of George Feigenbaum | Mail Online (tags: history rape crime britain) 25 Big Corp CEOs Made More Than Their Companies Paid in…

Gonzalo Lira: Mr. Cheney's Victory Lap (tags: cheney torture media) Motorola deal offers Google tax, patent benefits | Reuters FAIRFIELD,…

Fed's Evans favors strong policy accommodation | Reuters (Reuters) - Chicago Federal Reserve Bank President Charles Evans said on Tuesday he favored strong central bank accommodation for a substantial…