International Business News - Finance http://www.ibtimes.com/rss/feed/Finance.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/Finance.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif The New York Fed is out with a paper on Emerging Market capital flows. In a nutshell: not much. Probably an opportune time to come out with this piece, as even blind orangutangs can see that the European currency crisis is days if not hours away, and someone, somewhere at the Federal Reserve will be taken to task if they did not have at least a theoretical contingency. http://www.ibtimes.com/articles/20090701/lending-emerging-markets-crisis.htm http://www.ibtimes.com/articles/20090701/lending-emerging-markets-crisis.htm Wed, 01 Jul 2009 16:05:59 EDT Corporate sentiment surveys from Germany and Japan showed glimmers of hope on Monday, contrasting with grim global outlooks from the World Bank and Organisation for Economic Cooperation and Development. http://www.ibtimes.com/articles/20090622/world-bank-oecd-grim-glimmers-from-germany-japan.htm http://www.ibtimes.com/data/articleimgs/215569-.jpg http://www.ibtimes.com/articles/20090622/world-bank-oecd-grim-glimmers-from-germany-japan.htm http://www.ibtimes.com/articles/20090622/world-bank-oecd-grim-glimmers-from-germany-japan.htm Mon, 22 Jun 2009 18:48:22 EDT British Prime Minister Gordon Brown called for more rigorous supervision of the global banking system on Saturday, a day before EU leaders meet to thrash out ways to tackle the financial crisis. http://www.ibtimes.com/articles/20090228/brown-merkel-urge-tighter-global-banking-supervision.htm http://www.ibtimes.com/data/articleimgs/210067-britains-prime-minister-gordon-brown-speaks-at.jpg http://www.ibtimes.com/articles/20090228/brown-merkel-urge-tighter-global-banking-supervision.htm http://www.ibtimes.com/articles/20090228/brown-merkel-urge-tighter-global-banking-supervision.htm Sat, 28 Feb 2009 11:16:02 EST A New York businessman's claim to recover $10 million he invested with Bernard Madoff's firm, days before the financier's arrest will not be treated differently than other customer claims, a judge ruled on Tuesday. In January, New York fuel service company president Martin Rosenman sued court-appointed trustee Irving Picard for the return of $10 million wired to the Madoff firm and put into a ... http://www.ibtimes.com/articles/20090224/judge-rules-against-somes-madoff-investors.htm http://www.ibtimes.com/data/articleimgs/209872-accused-swindler-bernard-madoff-exits-the-manhattan.jpg http://www.ibtimes.com/articles/20090224/judge-rules-against-somes-madoff-investors.htm http://www.ibtimes.com/articles/20090224/judge-rules-against-somes-madoff-investors.htm Tue, 24 Feb 2009 13:32:03 EST Bold official action to tackle the U.S. recession will restore growth later this year but the Federal Reserve can still do more if a recovery fails to appear, a top Fed policy-maker said on Thursday. "If forecasts of improvement don't materialize, the Fed is not without capacity to act, even with the fed funds rate at its lower bound," Federal Reserve Bank of Atlanta President Dennis Lockhart ... http://www.ibtimes.com/articles/20090219/feds-lockhart-fed-can-take-more-steps-if-needed.htm http://www.ibtimes.com/data/articleimgs/209680-director-of-the-federal-housing-finance-agency.jpg http://www.ibtimes.com/articles/20090219/feds-lockhart-fed-can-take-more-steps-if-needed.htm http://www.ibtimes.com/articles/20090219/feds-lockhart-fed-can-take-more-steps-if-needed.htm Thu, 19 Feb 2009 13:40:02 EST Shares in Swiss banking giant UBS AG rose 3 percent on Thursday after it agreed to pay $780 million and identify certain American clients to settle criminal fraud charges in the United States. The settlement, announced on Wednesday, further cracks Switzerland's trademark bank account secrecy and could have wide implications for the $7 trillion-offshore banking industry by making it harder to try... http://www.ibtimes.com/articles/20090219/ubs-shares-boosted-bys-tax-probe-deal.htm http://www.ibtimes.com/data/articleimgs/209648-the-logo-of-swiss-bank-ubs-is.jpg http://www.ibtimes.com/articles/20090219/ubs-shares-boosted-bys-tax-probe-deal.htm http://www.ibtimes.com/articles/20090219/ubs-shares-boosted-bys-tax-probe-deal.htm Thu, 19 Feb 2009 04:32:02 EST The S&P 500 and Nasdaq edged lower on Wednesday, after bleak housing data overwhelmed President Barack Obama's $275 billion plan to prop up the housing market. * The Dow eked out a slight gain, narrowly avoiding a new bear-market low. * Adding to the somber mood, the Federal Reserve slashed its economic forecast for 2009, and several companies, including Deere & Co <DE.N> ,posted ... http://www.ibtimes.com/articles/20090218/wall-street-dips-on-housing-data-sour-results.htm http://www.ibtimes.com/articles/20090218/wall-street-dips-on-housing-data-sour-results.htm Wed, 18 Feb 2009 16:24:01 EST that is the rate of inflation that promotes maximum sustainable employment while also delivering reasonable price stability," Bernanke said. He said the long-run projections should help anchor the public's expectations about the future path of inflation in a way that could help prevent a self-feeding inflationary, or deflationary, psychology. Bernanke said aggressive steps the Fed had taken t... http://www.ibtimes.com/articles/20090218/bernanke-fed-taking-step-toward-inflation-target.htm http://www.ibtimes.com/data/articleimgs/209609-chairman-of-federal-reserve-bernanke-testifies-before.jpg http://www.ibtimes.com/articles/20090218/bernanke-fed-taking-step-toward-inflation-target.htm http://www.ibtimes.com/articles/20090218/bernanke-fed-taking-step-toward-inflation-target.htm Wed, 18 Feb 2009 13:08:01 EST NEW YORK - Stocks tumbled on Tuesday, pulling the benchmark S&P 500 index to its lowest in three months, after a regional manufacturing report fell to a record low and financial shares slid further on signs of more trouble for European banks. Dismal economic data from Japan added to the gloom and made oil prices sink. Energy shares were the biggest drag on the Dow and S&P stock indexes, ... http://www.ibtimes.com/articles/20090217/economy-and-bank-worries-drag-wall-street-lower.htm http://www.ibtimes.com/articles/20090217/economy-and-bank-worries-drag-wall-street-lower.htm Tue, 17 Feb 2009 18:21:00 EST to try to ease the deepening recession, but some have been criticized for putting national interests before trade commitments. ACT TOGETHER "What shocks me, you see, what bothers me a bit is that in the international arena ... everyone agrees that we need to work and act together," IMF chief Dominique Strauss-Kahn told France Inter radio. "Then when everyone goes home, everyone has his nati... http://www.ibtimes.com/articles/20090217/emerging-slump-to-further-hurt-western-banks-report.htm http://www.ibtimes.com/data/articleimgs/209570-an-investor-points-at-an-electronic-board.jpg http://www.ibtimes.com/articles/20090217/emerging-slump-to-further-hurt-western-banks-report.htm http://www.ibtimes.com/articles/20090217/emerging-slump-to-further-hurt-western-banks-report.htm Tue, 17 Feb 2009 13:24:00 EST