Archive for June, 2009
Monday, June 22nd, 2009
AP - Commodity prices suffered deep losses Monday as a gloomier outlook on the economy from the World Bank dampened investors' optimism that the recession will end soon.Source:Commodities sink on weak economic outlook
(AP)
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Monday, June 22nd, 2009
Reuters - The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 on Sunday urging the creation of international regulations to oversee global markets.Source:Soros says worst of global crisis is "behind us"
(Reuters)
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Monday, June 22nd, 2009
AFP - President Barack Obama plans to set up a federal consumer financial protection agency to shield Americans from predatory practices from credit card firms, banks and mortgage markets, an official said.Source:Obama to set up US consumer protection agency
(AFP)
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Monday, June 22nd, 2009
Even though it is possible to get Remortgages in Spain it is rarely a good thing to do since the cost is going to outweigh any possible benefits from doing so. Re-mortgaging can assist you to change to only paying the interest on your loan or getting extra cash. All ...
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Sunday, June 21st, 2009
Reuters - Bank regulators closed two small banks on Friday, bringing total bank failures to 39 this year as the recession and delinquent loans erode the health of financial institutions.Source:U.S. regulators close two more small banks
(Reuters)
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Sunday, June 21st, 2009
AP - The government will provide another $3.1 billion to a group of mortgage servicing companies as an incentive to modify loans to combat record levels of foreclosures.Source:Treasury provides $3B more for foreclosure program
(AP)
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Sunday, June 21st, 2009
For the past few decades, our economy has been fluctuating rapidly. We have seen times of luxury, where even those of working blue collar jobs could buy gourmet foods. In retrospect, we have also seen and are currently experiencing a time where bean dip looks like caviar. These times can ...
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Sunday, June 21st, 2009
AFP - A jittery bond market and economic "green shoots" notwithstanding, the Federal Reserve is likely to reaffirm a commitment to keep pumping money into the economy to battle recession, analysts say.Source:Fed to stamp out idea of early rate hike: analysts
(AFP)
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Sunday, June 21st, 2009
AP - E-Trade Financial Corp. said Wednesday it is raising capital and exchanging debt in an effort to get out from under mortgage-related loan losses. The news sent shares of the struggling online brokerage and bank skidding.Source:E-Trade plans stock offer, debt exchange
(AP)
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Saturday, June 20th, 2009
AP - Finding an economical way to capture carbon dioxide from existing coal burning power plants is key to getting China to reduce its greenhouse gas emissions as well as for U.S. efforts to combat global warming, says a study being released Friday.Source:Study: US technology key to China and climate ...
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