Written by WASHINGTON (Reuters) – Countries must not be complacent about the state of the global economy, despite brighter signs of recovery, Japanese Finance Minister Naoto Kan on Saturday warned his counterparts at the International Monetary Fund. READ MORE »
Posts tagged Financial Markets
Asian Shares Higher; Japan Banks, Exporters Lead
SINGAPORE (Dow Jones)–Asian stock markets were higher on Wednesday with Japanese banks outperforming after a report suggested they may be exempt from tighter global regulations at the Group of 20 summit starting Thursday. READ MORE »
Spain Sees Credit Squeeze but Denies EU Rescue Bid
Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue. READ MORE »
Gold firms as Greece downgrade lifts risk aversion
Gold firmed on Tuesday as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets. READ MORE »
Cost of Seizing Fannie and Freddie Surges for Taxpayers
Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of the nation’s largest landlords. READ MORE »