Political theater clouds US debt ceiling vote (AFP)
AFP – US lawmakers Tuesday hold a certain-to-fail vote on raising the government’s borrowing limit, revealing political posturing on a issue the White House warns could have “calamitous” economic consequences. View full post on All Stories
Low rates pressure US money market funds
US money market funds are struggling to make returns after short-term interest rates fell to record lows in the wake of regulatory changes and a big decline in Treasury bill issuance View full post on All Stories
Mixed response to Indonesian forest moratorium
Jakarta, Indonesia (IRIN) – A long-awaited moratorium by the Indonesian government on new forest concessions, aimed at curbing deforestation, has been welcomed by palm oil farmers but activists believe it does not go far enough. “We support the government’s decree on the moratorium,” Maruli Sitorus, a palm oil farmer in Labahan Batu in North Sumatra [...]
Overseas Americans Press Washington on Taxes, Banking Issues
Overseas Americans Press Washington on Taxes, Banking Issues Members of different organizations of Americans living overseas met with members of Congress and the Administration in Washington to press for changes in current legislation on taxes and banking. Current and proposed legislation is not only unfair and detrimental to US citizens living overseas, but it also [...]
US extends controversial Patriot Act
The US Congress voted to renew and US President Barack Obama signed into law three expiring provisions of the controversial anti-terrorism Patriot Act that gives law enforcement increased surveillance authorities. View full post on All Stories
New Egyptian-Sudanese bank to be founded in Egypt
The National Bank of Egypt reached an agreement with Sudan to establish an Egyptian-Sudanese bank with US$50 million in capital, said Tareq Amer, head of the National Bank. The bank will be located in the northern part of Egypt. Amer pledged that the bank would open soon. During a meeting organized by the Canadian Chamber [...]
US, European banks invest billions in cluster bombs: NGOs
US and European financial firms are still investing billions of dollars in cluster bomb producers despite a global ban on a weapon that maims and kills civilians, NGOs said Wednesday. The US financial titans JP Morgan Chase and Goldman Sachs are joined by Royal Bank of Scotland, Germany’s Deutsche Bank and China’s Changjiang Securities in [...]
Stress test firm’s boss tops best paid Calls for SME sector to recruit interns Fall in exports puts Japan in deficit US Treasury agrees sale of AIG stake Orders plunge for US durable goods
THE head of the firm that carried out the stress tests on Ireland’s banks was the best- paid executive in the 50 largest financial companies in the US last year. Blackrock’s — the world’s biggest asset management firm — chief executive Larry Fink (58) received $23.8m (€16.9m) in salary and stock. View full post on [...]
Obama urges Congress backing for Libya action (AFP)
AFP – President Barack Obama on Friday asked lawmakers to back “limited” US action in the NATO assault on Libya, as he hit a technical 60-day deadline to get official congressional approval for the use of his war powers. View full post on All Stories
IMF Chief’s Alleged Victim Was Guinean Immigrant
Strauss-Kahn is “obviously not in the position to run the IMF”, US Treasury Secretary Timothy Geithner declared Tuesday. Speculation is rife as to who could take over. French Finance … View full post on All Stories
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Lending News- Mortgage rates fall to new low–again
- Mortgage rates fall to record low
- Mortgage rates fall to record low
- Japan announced food aid to Nepal
- Fed leaves rates steady
- Microloan demand grows in the West Bank and Gaza Strip, despite the risks
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
- IMF aid becomes Egyptian political football
- Mortgage rates virtually unchanged in latest week
- In land of no loans, consumer debt mounts
- Personal Loans
- Realty Trac: foreclosures dropped to lowest level since 2007
- Bonded labor ensnares entire families
- Ally mortgage unit files bankruptcy
- Massachusetts Lawmakers Unveil Ambitious Plan To Cut Health Care Costs
- Ethnic minorities call for caution as sanctions ease
- Dubai’s bounced-check convicts go on strike
- Short sales up in housing market
- Short sales up in housing market
- Stocks slide Wednesday following Tuesday’s big gains
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
- Forex News
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- Summary Box: Stocks fall as dollar jumps
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- Fed stands pat on interest rates and bond purchases
- Managed Foreign Exchange – Tips And Tricks to Manage Your Forex Account
- Car sales in Philippines jump 29 percent
- Suicide Won’t End Madoff Suits
- What to Look for in Opening a Free Forex Account
- Loan news
- Plane with newly-inaugurated Hollande hit by lightning, trip to Germany delayed
- Mortgage rates fall to new low–again
- U.S. stocks tumble Tuesday over Greek woes
- Gingrich set to endorse rival Romney
- Thousands of Libyans still afraid to return home
- Costco to offer mortgages
- Bank of America sees profits drop
- Short sales up in housing market
- Mortgage rates decline in latest week
- Mortgage rates virtually unchanged in latest week
