International Monetary Foundation
The IMF says it has created a new facility for “responsible” countries to use for short-term capital needs. That probably means Greece will not qualify, but maybe Italy will. Or, maybe not.The...
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Facebook’s first half revenue doubles from a year ago. (Reuters)Fitch warns about downgrades of China and Japan. (Reuters)Department of Defense officials warn of cuts in the sum the government pays...
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The economy in the EU region will not get better for years because it can’t. Eurostat reports that unemployment in June among people under 25 was 20.3% in the euro-area. The rate is an astounding...
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The EU has reached no decision on Greece. The IMF favors private sector involvement (Reuters)Japan warned about the economic results of the rapid rise in the yen (Reuters)The dollar fell as Moody’s...
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It would be hard for the news about the financial status of the US to be worse. The debt cap may not be increased by August 2. Rating agencies have warned of cuts in the grade of US paper. Jobless...
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Economists and investors have enough to worry about in Europe. Greece is in a state of collapse. There are concerns that Portugal and Ireland could follow.Add Spain to the list of nations that the...
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The IMF says it will not support future payments to Greece unless the government shows it has the will to pass more austerity measures. Eurozone finance ministers have already delayed a $17 billion...
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Sometimes it is almost hard to imagine that a news story did not start in the tabloids. The financial world and the political world have been shocked by news that the International Monetary...
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Updated throughout the day.The NYSE (NYSE: NYX) wants a fee from Nasdaq (NASDAQ: NDAQ) to begin M&A negotiations to be paid in the event that a transaction is blocked for antitrust reasons...
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The fear of a contagion among EU nations which need or want bailouts has changed over the past few days to a concern about how one default could trigger many others.For months, economists and capital...
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The IMF’s new Fiscal Monitor says “The United States will require significant deficit cuts in 2012 and 2013 to meet their commitments over the next few years. A downpayment in the form of...
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Japan raised the severity of its nuclear crisis to the same level as Chernobyl. (Reuters)Alcoa (NYSE: AA) beat earnings but missed sales.(Reuters)Nasdaq OMX (NASDAQ NDAQ) and Deutsche Boerse have...
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Leave it to the IMF to be late in comments about the nature of the world economy and potential solutions to nagging problems. The body released a report which said that oil prices were high and would...
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The members of the Federal Reserve are more divided about what steps the central bank should take next to mute inflation and help the expansion. (Reuters)Americans are telling the Fed that inflation...
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