Exclusive Analysis Eurozone: Eurozone crisis is no longer simply a sovereign debt problem, but also a major systemic threat to the global banking system
As in the 2008 banking crisis, interbank lending has started to decline as banks are increasingly concerned about the Eurozone sovereign debt held by their peers. Interbank lending is likely to decline further as the sovereign debt crisis [...]
Top Companies or Best Places To Work In America
1) Facebook - Facebook pays 100% of employee benefit premiums and 50% of any dependent premiums in the United States. This includes medical, dental, vision, life insurance and disability coverage, as well as the Employee Assistance Program.
2) [...]
Why euro-area politicians should not rely on the European Central Bank- Sarkozy VS Merkel?
And now, I think it’s time that euro-area politicians realize that they should not rely on the European Central Bank (ECB) and take bold steps toward fiscal union to end the debt crisis. Why should ECB finance public deficits?
As French [...]
Why Fitch Ratings cuts Portugal credit rating to junk status?
Credit agency Fitch Ratings has downgraded Portugal’s sovereign paper to BB- from BBB-. This means the rating has moved into the “junk bond” category or below investment grade. Moody’s Investors Service cut the bonds to junk status in [...]
How to deal with Soaring Swiss franc- Market disappointed or surprised?
The market was obviously disappointed or surprised by the Swiss National Bank steps to stem franc gains. The Swiss National Bank (SNB) said it would further boost liquidity by expanding sight deposits to 200 billion Swiss francs from 120 billion [...]
If flat is the new up- European stocks trade lower
Asian shares & U.S. index futures went up, European stocks traded at lower as Financial stocks hit hard by transaction tax proposal. The Swiss National Bank announced by increasing franc liquidity, it will raise efforts to weaken the Swiss [...]
French Banks are are slipping on Rumours France to lose its AAA credit rating
Shares in BNP Paribas, dropped this morning, falling as much as 5.7pc after a 9.5pc slide yesterday. Yahoo! Finance Editor at Yahoo! Fabrice Pelosi says BNP Paribas may face another $713 million loss on Greece caused BNP shares to drop 2.5% [...]
Good news this morning for French banks- Societe Generale stocks back up
French bank Societe General was trading up 6.5% before pulling back to 4.6%, following yesterday’s devastating 15% drop. Credit agricole is up 5.7%. Societe Generale led European bank stocks back up.Bank across Europe were recovering Thursday [...]
Should There Be Some Increase in Taxes to Reduce the Deficit?
Standard and Poor’s downgrading of the U.S. credit rating on Friday. Gallup POLLS RESULTS WHEN, asked about potential approaches the subcommittee may consider to reduce federal debt, a majority of Americans support increasing taxes on [...]
How the risk of double dip recession is rising- recession risk estimates?
Even if the United States does not slip back into a recession but risk of double dip recession is rising. Looks like the new recession could be even worse then what we are in right now. “Going back into recession now would be scary, because [...]
Can bosses fire Someone due to the use of social media like Facebook or Twitter- social media and the workplace?
A Survey by U.S. Chamber of Commerce indicates that the NLRB has reviewed more than 129 cases involving social media in some way. While most of these cases are at the very initial stage, and may not be meritorious at all, some are more advanced. [...]
How General Motors become worlds largest auto maker, overtake Volkswagen and Toyota?
The Detroit-based auto maker, General Motors Co outsold Toyota Motor Corp globally in the first six months to become the world’s largest auto maker after the record March earthquake disrupted production in Japan.
GM sales rose 8.9 per cent [...]
How Dow Jones Closes with a loss of 513 points- August 4, worst day since the financial crisis?
The Dow Jones industrial average is closing with a loss of 513 points, or 4.3 percent, to 11,384- worst day since the financial crisis. The S&P 500 is down 60, or 4.8 percent, to 1,200. The Nasdaq is down 137, or 5.1 percent, to 2,556. The [...]
As U.S. military operations in Iraq and Afghanistan wind down U.S. Soldiers flooding the job market
The risk of recession is rising, unemployment has recently hooked higher and U.S. military operations in Iraq and Afghanistan wind down, U.S. Soldiers (tens of thousands of veterans) flooding the job market. The dividing line between a double-dip [...]
