Markets throw back Bernanke life preserver
By Greg Robb, MarketWatch
Federal Reserve Board Chairman Ben Bernanke threw financial markets a life preserver, but the markets have thrown it back, disappointed that the U.S. central bank was not preparing another quantitative easing ocean liner to come to its rescue, Fed watchers said Wednesday.
http://jlne.ws/j4kdFb
Bernanke sees job, growth pickup in second half
By Greg Robb, MarketWatch
Federal Reserve Board Chairman Ben Bernanke said Tuesday that he is not in the camp of economists worried about a double-dip recession as he defended the central bank from accusations it’s fueled a boom in commodity prices.
http://jlne.ws/kOGJvq
IMF's John Lipsky: Yen strength will not hurt Japanese growth
Knowledge To Action
The strength of the yen in Forex trading is unlikely to hinder Japan's future economic recovery, according to the acting head of the International Monetary Fund.
http://jlne.ws/lvVDxH
Senate votes to let Fed trim debit card swipe fees
AP
The Senate has voted to let the Federal Reserve limit the fees that stores pay banks each time a shopper swipes a debit card.
http://jlne.ws/mkVy7C
U.S. can take both sides in IMF leadership fray
By Chris Brummer, Milken Institute
The unscheduled and humiliating departure of Dominique Strauss-Kahn from the IMF has sparked intense debate about who should replace him as the leader of the pivotal international organization. Traditionally, the IMF has always been led by a European. And in light of the recent debt crises in Greece, Spain, Portugal and Ireland, Europeans are calling for continued leadership from one of their own to help save both the European Union and the euro. But leaders from upstart economic powers like Brazil, Russia, India, China and South Africa are pushing for a director from the developing world, especially because emerging markets are increasingly acting as financiers for their more developed counterparts.
http://jlne.ws/jg0eNA
Sizing up the Fed's few options
By Cyrus Sanati, CNN Money
Wall Street is abuzz with speculation that the government is gearing up to inject billions of dollars of fresh cash into the economy in an effort to speed up economic growth. It would be the third time since the financial crisis that the government, more specifically the Federal Reserve, would move to grease the wheels of the U.S. economy by essentially printing money.
http://jlne.ws/iGG1c2
Axa Private Equity buys $1.7B portfolio from Citigroup
USA Today
France's Axa Private Equity said Wednesday it agreed to buy a $1.7 billion private equity portfolio from Citigroup (C) as the big U.S. bank sheds some of its non-core businesses. Terms of the deal announced were not disclosed. The portfolio includes 207 limited partnership interests in private equity buyout funds and a portfolio of direct stakes in companies. It does not include funds or investments managed by Citi Capital Advisors.
http://jlne.ws/jzDxcg
Dow Jones World Bank Economist: Third Round Of US Quantitative Easing Unlikely
Dow Jones/Morningstar
The U.S. Federal Reserve is unlikely to conduct a third round of quantitative easing, Hans Timmer, director of the World Bank Prospects Group, said Wednesday.
http://jlne.ws/iDq01S
Fitch may cut U.S. to restricted default in August
Reuters
The United States probably wouldn't be able to maintain its prized AAA sovereign ratings status if it suffered even a "technical" default on its debt, Fitch Ratings said on Wednesday.
http://jlne.ws/jTK7eo
William C Dudley: US economic policy in a global context
Remarks by Mr William C Dudley, President and Chief Executive Officer of the Federal
Reserve Bank of New York, at the Foreign Policy Association Corporate Dinner, New York,
7 June 2011. It is a pleasure to have the opportunity to speak here this evening and I would like to thank
the Foreign Policy Association for inviting me. The Association has served for decades as a
catalyst for developing awareness and understanding of global issues and for providing
nonpartisan forums...
http://jlne.ws/iX0Z1c
Wheatley attacks Geithner on regulation
By Robert Cookson, FT.com
US Treasury secretary Tim Geithner was talking “nonsense” when he warned that the world must follow America’s lead on financial regulation, according to a senior European regulator and outgoing head of Hong Kong’s market watchdog.
http://jlne.ws/k7XWDG
FRB: Speech--Bernanke, The U.S. Economic Outlook
I would like to thank the organizers for inviting me to participate once again in the International Monetary Conference. I will begin with a brief update on the outlook for the U.S. economy, then discuss recent developments in global commodity markets that are significantly affecting both the U.S. and world economies, and conclude with some thoughts on the prospects for monetary policy....
http://jlne.ws/itdGTF
Berlin seeks 7-year Greek debt extension
By Gerrit Wiesmann, FT.com
The German government wants Greece to offer all holders of its sovereign bonds a seven-year extension of maturities as a condition of more financial aid from Berlin, Wolfgang Schäuble, finance minister, said in a letter to his European Union colleagues.
http://jlne.ws/kmeXve
Growth slowing in four of 12 districts: Beige Book
By Greg Robb, MarketWatch
The pace of economic growth is slowing in four of the 12 Federal Reserve regions, according to the central bank’s latest survey of economic conditions known as the Beige Book released on Wednesday.
http://jlne.ws/m6Zxg8
Geithner triggers backlash on regulation
By Kevin Brown in Singapore, Robert Cookson in Hong Kong and Jeremy Grant in London - Financial Times
Tim Geithner’s warning that the world could face another global financial crisis unless Asia adopts US regulations on derivatives transactions triggered a largely critical response in the region. Mr Geithner was careful not to name Asian jurisdictions suspected of seeking to avoid tough regulation on derivatives trading, arguing only that Asian “progress” on derivatives trading was essential to prevent regulatory arbitrage. However, US officials said the Treasury secretary was concerned that Hong Kong and Singapore might try to lure business with softer rules. That went down badly in both Asian financial centres.
http://jlne.ws/mvNxec
Swap Exemption May Post Risk to U.S. Financial System, Exchange Group Says
Bloomberg
A U.S. Treasury Department proposal exempting foreign exchange swaps and forwards from Dodd-Frank Act regulations could increase risk in the financial system and undermine the regulatory overhaul, a trade association for exchanges and users of the derivatives market said.
http://jlne.ws/jzRB65
FSA sights set on compulsory derivative reporting
By Huw Jones, Reuters
Financial markets watchdogs will make reporting of derivatives trades compulsory within 18 months in an attempt to improve their chances of spotting market bubbles, a senior UK regulator said on Tuesday. Reporting of trades in the $600 trillion global derivatives market, which is dominated by London and New York, is one of the pledges world leaders made a year after the collapse of U.S. Lehman Brothers in 2008 left a trail of opaque contracts.
http://jlne.ws/lXLbYC
U.S. debt default unimaginable, creditors say
By Emily Kaiser, Reuters
Allowing a brief U.S. debt default to force government spending cuts is a "horrible idea" that could destabilize the world economy and sour already tense relations with big creditors like China, government officials and investors said on Wednesday.
http://jlne.ws/mArjyq
Carstens has credibility but his IMF bid will fail
By John Paul Rathbone in Mexico City, Financial Times
Three prejudices, but only one true conclusion, have so far emerged since Agustín Carstens, the head of the Mexican central bank, launched his bid to head the International Monetary Fund.
http://jlne.ws/lzgiAs
India plays waiting game on IMF post
By James Lamont in New Delhi, Financial Times
India has withheld its public support for the bid by Christine Lagarde, France’s finance minister, to become the president of the International Monetary Fund.
http://jlne.ws/kULaF2
Berlin seeks 7-year Greek debt extension
By Gerrit Wiesmann in Berlin, Financial Times
The German government wants Greece to offer all holders of its sovereign bonds a seven-year extension of maturities as a condition of more financial aid from Berlin, Wolfgang Schäuble, finance minister, said in a letter to his European Union colleagues.
http://jlne.ws/lFz3E5
Deutsche Bank Unites Derivatives Trades as Swaps Oversight Looms
By Matthew Leising, Bloomberg
Deutsche Bank AG is consolidating trading and processing services for listed and over-the-counter derivatives before U.S. and European regulations take effect.
http://jlne.ws/lama3n
UBS pledge to staff to compete on pay
By Megan Murphy and Helen Thomas in London, Financial Times
UBS executives have reassured senior bankers that the group will raise pay to attract and retain top staff after suffering a spate of defections from its US investment bank. Carsten Kengeter, head of UBS’s investment bank, and other senior executives have been bruised by speculation that the group’s advisory and debt and equity underwriting businesses in the US are struggling after more than 15 bankers quit to join rivals in recent months.
http://jlne.ws/j9ymet
Tidak ada komentar:
Posting Komentar