financial news

World Cup: Good World Cup 2010: Golden generation passes on after 12 frustrating years| Richard Williams | Football | The Guardian Argentina 3-1 Mexico | World Cup 2010 match report | Football | The Guardian World Cup 2010: Five…

Highlights The US dollar is narrowly mixed to start the new week.  It is hanged against most of the major currencies as the market waits for fresh trading incentives.  The euro was turned back on the initial test of the $1.24…

G-20 Financial Reform Efforts Update Osborne tries to put the brakes on banking reform - Telegraph Obama pushes U.S. bank tax - National Post The Usual Fare Bill to Extend Unemployment Benefits Dies - WSJ.com BBC News - Why…

More on Stimulus and Austerity In The Long Run, We Are Still All Dead - Paul Krugman Blog - NYTimes.com Stimulus, Austerity, and the Spiral of Decline - Daily Reckoning FT.com Mohamed El-Erian - Beyond the false growth vs…

Highlights The US dollar is little is generally firmer in a risk averse environment ahead of the weekend.   The notable exception is the Swiss franc, which is benefiting from tensions in the euro zone and the recent downgrade of…

G-20 Thoughts I am going to be talking about the G-20 tomorrow at 700 London Time/1200 East Coast Time on BBC World News. The key issue is fiscal consolidation. I am taking the German side of this (see Why I am siding with the Germans on…

Highlights The US dollar is little is generally firmer.  However, the main driver is not really the greenback but heightened risk aversion and fears of a renewed economic downturn given the austerity in Europe and weakness in the…

Must-read News A Colossal Fracking Mess | Business | Vanity Fair The Burning Platform - Too Small To Matter The Usual Fare iTunes-Konkurrenz: Google will Musik über das Internet verkaufen - WELT ONLINE U.S., England Need…

Top Links Facing Deficit, Britain Unveils Emergency Budget - NYTimes.com Emergency Budget: George Osborne's austerity package haunted by spectre of 1981 | UK news | The Guardian The Usual Fare The Undeserving Unemployed -…

Joe Weisenthal, the title of this post is for you! Story of the Day: China's currency move China to Put Renminbi in a Currency Basket - Daily Reckoning Yuan appreciation not guaranteed - National Post Also See Marc Chandler's…