The European Financial Stability Facility won’t solve the region’s debt crisis because investors will still speculate a default by nations accessing the fund is possible, Royal Bank of Scotland Group Plc said.
European finance ministers yesterday put the finishing touches to the rescue package, which is backed by 440 billion euros ($524 billion) in national guarantees. [...]
Posts Tagged ‘eurozone economy’
Europe’s Rescue Fund Won’t Halt Sovereign Debt Crisis, RBS Says
June 8th, 2010 by HardMoney Writer
Tags: debt crisis, European economy, european union, eurozone economy, financial market, global recovery, investments
more...Euro hits multi-year low, recovers on short covering
June 7th, 2010 by HardMoney Writer
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency.
European corporate demand helped lift the euro after it touched $1.1876, its weakest level since March 2006. But it [...]
Tags: debt crisis, Dow Jones Industrial, economic recovery, European Central Bank, european union, eurozone economy, financial, financial crisis, hard money, stock market
Dollar, Yen Climb on Concern About European Banks, U.S. Growth
June 4th, 2010 by HardMoney Writer
The dollar and the yen rose against their major counterparts as concern that Europe’s debt crisis is expanding and the U.S. economic recovery may be growing more slowly pushed investors to the safest currencies.
The euro fell to the lowest level since March 2006 amid speculation the European fiscal crisis may be spreading into the financial [...]
Tags: borrowers, debt crisis, economy recovery, European economy, european union, eurozone economy, financial, global recovery, hard money news, interest rates, investments, US Economy
British Regulator Fines JPMorgan $49 Million
June 3rd, 2010 by HardMoney Writer
LONDON — JPMorgan Chase was fined £33.32 million, or $49 million, by Britain’s financial regulator Thursday for failing to keep client funds separate from the firm’s money.
The Financial Services Authority said JPMorgan did not “adequately protect” client money held by its futures and options business. The error, which occurred after the merger of JPMorgan and [...]
Tags: economy, euro zone, eurozone economy, financial market, financial regulator, Hard Money Loans, JPMorgan, stock market, subprime loans
China’s Stocks Drop for Second Day on Europe, Property Concern
May 31st, 2010 by HardMoney Writer
China’s stocks fell for a second day on concern the European debt crisis is worsening and the government will further crack down on property speculation.
China Vanke Co. paced declines for developers on speculation the government will introduce additional measures to tame rising housing prices. Baoshan Iron & Steel Co. and China Cosco Holdings Co. slid [...]
Tags: china economy, eurozone economy, financial, global recovery, mortgage rates, real estate, stock market, US Economy
Sales of New Homes in U.S. Jump to Two-Year High
May 26th, 2010 by HardMoney Writer
Purchases of new homes in the U.S. jumped in April to the highest level in two years as buyers rushed to qualify for a government tax credit before it expired at the end of the month.
To receive a tax credit worth as much as $8,000, contracts had to be signed by the end of April, [...]
Tags: debt crisis, economic recovery, economy, eurozone economy, financial market, foreclosure, home buyers, homebuilder, unemployment
European Stocks Tumble to Eight-Month Low on Spain, North Korea
May 25th, 2010 by HardMoney Writer
European stocks tumbled to an eight- month low as signs of weakness in the Spanish banking system increased concern that Europe’s debt crisis is spreading and military tensions grew in the Korean peninsular.
Banco Santander SA and Societe Generale SA slid more than 4 percent, leading a gauge of bank shares to the lowest level since [...]
Tags: economic recovery, economy, European stocks, european union, eurozone economy, financial, IMF, money, stock market
U.S. could fall behind China in clean energy: Locke
May 23rd, 2010 by HardMoney Writer
The United States could fall behind China and other countries in clean energy technology unless Congress passes energy legislation, U.S. Commerce Secretary Gary Locke said on Saturday.by Doug Palmer;
Many U.S. investors were reluctant to plough money into big solar, wind and other clean energy sectors until they knew what technologies U.S. government policy was going [...]
Tags: businesses, china economy, company, economic recovery, eurozone economy, financial, financial crisis, global recovery, interest rates, investments, investor, Shanghai technology, stock market, US Economy
Germany Wants More Political Euro Zone
May 20th, 2010 by HardMoney Writer
BERLIN–The euro zone must take concrete steps to enhance the political dimension of the European Monetary Union and to firmly enforce fiscal discipline, the German government said in a document.
The document entitled, “Key proposals to Strengthen the Euro Area” was compiled in preparation for the first meeting of the European task force in Brussels Friday.
“In [...]
Tags: debt crisis, economic recovery, eurozone economy, financial, global recovery, US Economy
TREASURIES-Prices slip as euro’s bounce damps safety bid
May 19th, 2010 by HardMoney Writer
* Bond prices lower as euro bounce damps safety bid
* Subdued U.S. inflation index implies Fed to stay on hold
NEW YORK, - U.S. Treasuries prices slipped on Wednesday as a bounce in the euro reduced the appeal of safe-haven U.S. government debt.
The euro jumped against the dollar and bund futures in volatile trade as markets [...]
Tags: debt crisis, economic recovery, eurozone economy, Federal Reserve, financial, financial market, global recovery, investors, US Economy
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