News of increasing wealth of country's richest sparks debate about polarisation of society In India, the rich just got richer. Despite one of the worst global recessions in history, the number of billionaires in the subcontinent has almost doubled since last year. Figures show that there are now 52 billionaires in India, compared with 27 last year. Over the course of the year, the stock market has...
Arguments are flying to and fro between the experts, as the fallout continues from capitalism’s biggest crisis in living memory. The greatest issue preoccupying them is this: is it possible to tame or control today’s global economy and its financial markets by forms of legal regulation? Most critics and politicians from establishment figures such as Bank of England governor Mervyn King...
Market Update - GBP CAD In our last update we were trading around 1.6850, and feeling decidedly more buoyant given that sterling has bought itself a reprieve by recapturing the January '09 lows at 1.6750. "A short squeeze happens when speculators who have sold the pound in expectation of further declines are forced to re-buy the currency to close their bets and stem losses. This situation can...
“The gold price continued its advance to new all-time highs, buoying gold mining stocks as investors sought refuge from the potential inflationary consequences of global policy makers renewing their commitment to expansionary fiscal and monetary policy at this past weekend’s G20 meeting. [More...]
While U.S. and European officials this weekend squabbled over the specifics of an economic recovery plan, China took another step to ensure long-term economic growth by inking another multibillion-dollar deal with Africa. [More...]
The weekend’s G20 meeting and last week’s more dovish news from central banks around the world led to a big, fat and juicy risk rally yesterday which was jumped on by a starving investor base. Mining shares leapt higher as gold hit yet another record high with base metals also performing well. The news that Kraft [...]
Wall Street surged on Monday as the Group of 20 (G20) nations agreed to maintain measures to boost economic growth. All the major indexes set new highs of 2009 at the closing. The U.S. dollar tumbled sharply after the news over the weekend. The dollar index, which measures the greenback again fell to its lowest level in nearly 15 months.
The way that scientists in Reading are trying to measure flood risk has fascinating parallels with a topic now confronting G20 leaders – namely, macroprudential regulation
I was struck in much of my reading of the G20 meeting this weekend, especially in the UK papers, on how the central bankers actions - specifically in the US and US-mini me (UK) - are specifically TO inflate assets. So while we mock it, it seems to be an implicit strategy ... the idea is increased asset prices flood into all other parts of the economy. Sort of how the US economy was run the past 6-7...
Toronto Dominion Bank (NYSE: TD) opened at $61.55. So far today, the stock has hit a low of $61.55 and a high of $61.95. TD is now trading at $61.87, up $1.91 (3.19%). Over the last 52 weeks the stock has ranged from a low of $25.86 to a high of $65.29. Shares of TD are rising with the rest of the market this morning after G-20 leaders pledged over the weekend to keep economic sti...
Regulatory reforms of systemically important institutions. Although the G-20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September meeting, there is no consensus yet among regulators, lawmakers and academics on how best to proceed. Bookmark To:
<title> - MarketColorz, Indian Stock Market... (Free subscription) | 09/11/2009
Asian stocks and currencies rose on Monday as investors bet that a surge in the US unemployment rate to a 26-1/2-year high would force policymakers to keep many stimulus measures in place until an economic recovery was on more solid footing. US stock futures edged up while US Treasuries sagged ahead of $81 billion worth of new supply this week. The message of status quo was well reflected in markets...
Today’s news from around the web. Shell to pay $19.5 mln for California violations Yahoo Finance G20 makes little progress on climate financing Reuters U.S. Water Use Declines Despite 30% Population Increase CleanTechnica Hewlett Packard’s Data Center Smart Grid: Two Trends in One Name Seeking Alpha Obama set to announce US target for cutting emissions at summit Times Online Economic growth...
The Group of 20 leading nations designated itself as "the premier forum for our international economic co-operation" at the Pittsburgh summit in September. Leaders of...
Thanks to Gordon Brown this weekend's meeting of the G20 finance ministers and central bank governors in Scotland was not quite the damp squib that was expected.
Videos
