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G20 must send signal to boost confidence: Zoellick

Posted in Economy on 1st November 2011

WASHINGTON | Tue Nov 1, 2011 10:21am EDT WASHINGTON (Reuters) - A G20 summit this week in France should send a "strong signal" that Europe will follow through on plans to overcome its sovereign debt crisis, World Bank President Robert Zoellick said on Tuesday.Speaking to reporters ahead of the G20 leaders' meeting in Cannes, France, Zoellick ...

Regulators Investigate MF Global for Missing Customer Money; MF Global Goes Bankrupt Before Making 1st Interest Payment; Corzine’s Achievement Sheet

Posted in Hot News on 1st November 2011

Right now I Congratulate Jon Corzine, CEO of MF Global, for an unheard of mixture of unusual "achievements".Corzine's Achievement Sheet After staying forced out as CEO of Goldman Sachs, Corzine spent a record $ 62 million of his own cash on a US Senate campaign and won. The prior record was $ 28 million. For ...

Profit tax holiday could blunt U.S. exports: gov’t

Posted in Economy on 31st October 2011

By Patrick Temple-West Mon Oct 31, 2011 1:58pm EDT (Reuters) - Any economic benefit that might result from a U.S. tax holiday for overseas corporate profits could be muted, or even reversed, if it strengthened the U.S. dollar and weakened exports, according to a Congressional Research Service report. The report also questioned tying the tax break ...

Europe to Recapitalize Banks Without Raising any Capital; Berlusconi Defiant as Focus Shifts to Italy; Sarkozy Under Fire for Seeking China’s Help

Posted in Hot News on 31st October 2011

Italy's Prime Minister Silvio Berlusconi denies getting into an agreement for early elections and arrogantly insists he is the only one who can probably conserve Italy from itself. Berlusconi ruled out early elections and stated the latest legislature in Rome will final until finally 2013, according to an interview published yesterday in Corriere della Sera.“Only I ...

Exclusive: Lawmakers unfazed by downgrade risk

Posted in Economy on 30th October 2011
The Capitol building is seen before President Barack Obama arrives to deliver his State of the Union address on Capitol Hill in Washington, January 25, 2011. REUTERS/Jim Bourg

The Capitol building is seen before President Barack Obama arrives to deliver his State of the Union address on Capitol Hill in Washington, January 25, 2011. Credit: Reuters/Jim Bourg By Tim Reid, Richard Cowan and Walter Brandimarte WASHINGTON | Thu Oct 27, 2011 9:17am EDT WASHINGTON (Reuters) - A growing number of U.S. lawmakers do not think ...

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