(Reuters) - A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.
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U.K. Public-Sector Borrowing Rises More Than Expected as Tax Revenues Fall Short
Thu, Nov 20, 4:04 AM ET
Public-sector borrowing in the U.K. increased 1.4B in October, which was much higher than the 0.4B rise projected by economists, and was followed by a...
Retail spending in the U.K. fell 0.1% in October following a 0.5% decline in the previous month, which was much stronger than the 0.9% fall projected by...
LONDON (Reuters) - Some of the world's top banks are backing a proposal to develop a mandatory central clearing system for the $55 trillion credit default swap (CDS) market, a report in the Financial Times said on Thursday. Dealer banks are stepping up efforts to back CDS clearing to head off a more radical overhaul, which includes a proposal to move trading of over-the-counter CDS on to an exc...
I have been getting a bunch of emails lately about commodities. The following excerpt from Roubini's RGE Monitor was emailed to me yesterday:Today we turn our attention to commodities, which have been badly battered by the global financial crisis, deleveraging and a worsening economic outlook, with commodity indices having lost 50% of their value since the July peak. With the G10 in recession a...
(Reuters) - Microsoft Corp on Thursday announced a new music subscription plan for owners of its Zune players, which would allow them to keep 10 tracks per month and add them to their permanent collection.
The German producer price index slipped to 7.8% from 8.3%, which crossed the wires slightly stronger than the 7.3% estimate projected by economists. The...
This 2 part series will cover recent market developments about Berkshire Hathaway, points to a strategy on how you may benefit more on the same trades he did recently and an option trading strategy that probably Berkshire uses for maximizing it returns on the underlying they find worth investing. Don’t forget to read the big picture of US stock markets. Markets are behaving pretty much th...
Activist hedge fund Harbinger disclosed it has reduced its exposure to New York Times and Media General, two media companies on which it gained board seats this year after proxy fights.
SAN FRANCISCO (Reuters) - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp -- another possible victim.