Why the Fed's Latest Rescue Effort is Doomed
December 01, 2011
World markets got a nice tailwind yesterday (Wednesday) on news that the U.S. Federal Reserve is stepping into the fray along with other central banks to boost liquidity and support the global economy.... Read More
from Money Morning
Bank of Cyprus plans rights issue
November 03, 2011
ATHENS, Nov 3 (Reuters) - Bank of Cyprus , Cyprus's largest lender, said on Thursday its board decided to boost capital via a rights issue of up to 396 million euros and a voluntary exchange of... Read More
category
companyNews
Bank of Cyprus says can cover stress test capital needs
October 27, 2011
NICOSIA, Oct 27 (Reuters) - Bank of Cyprus said on Thursday it can cover an additional 585 million euros ($818 million) capital buffer it needs after an EU stress test through profit generation. Read More
category
companyNews
New China Yuan Policy Holds Promise As the "Trade of the Century"
February 02, 2011
When the state-owned Bank of China Ltd. (BOC) recently announced that it would begin allowing U.S.-based customers to trade the Chinese yuan here, it represented the biggest step yet in China's ongoing... Read More
category
China
from Money Morning
China Banks Rein in Lending but Economy’s Growth Prospects Remain Strong
November 23, 2010
As if the stock market hadn't received enough bad news yesterday (Tuesday), reports surfaced that China's banks have nearly hit their lending quotas for the year - meaning the world's fastest growing,... Read More
from Money Morning
The U.S. dollar is on the way out as the world's top reserve currency. And as Money Morning Chief Investment Strategist Keith Fitz-Gerald predicted more than a year and a half ago, the yuan could be... Read More
from Money Morning
IMF Warns of Slower Growth As Currency War Rages On
October 07, 2010
Meetings of the Group of Seven (G-7) countries in Washington this week could feature a clash of views that have sparked an international currency war even as the International Monetary Fund (IMF)... Read More
from Money Morning
China Trade Surplus Reignites Tensions Over the Yuan
September 11, 2010
China in August posted its third straight trade surplus of more than $20 billion, putting friction with the United States over the nation's currency back in the spotlight. Exports rose 34.4% in August... Read More
from Money Morning
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