Crisis Bags

The insurance giant AIG, under pressure from the U.S. Congress, made public today the list of banks and financial institutions that have benefited from 170 billion dollars received by the U.S. Treasury to avoid bankruptcy, a list that includes several European banks ( among which, however, are not credit institutions [...]

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Royal Bank of Scotland has announced losses of 23 billion pounds and collapses (-70%) in the bag. Even General Motors, despite billions dished out by Washington, the fight against bankruptcy. More: Citigroup prepares to spin off Smith Barney, divides its activities into two but does not remove the sword of Damocles of the bubble from-the-credit-cards. Tags: [...]

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Record low yields of the BoT for one year, which have now reached the 1, 84%, down 0.793 points compared to the same operation. Securities in the auction today at 3 months (expiring April 15, 2009) recorded a decline of 0.805 points at 1, 659% gross, falling below 2% for the first time shortly after [...]

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Ghana, Tunisia and Ecuador. The three white flies in the 'annus horribilis' of world stock markets, the only all over the world are on track to close the 2008 rising, with names and exotic markets, venture into little-known routes in the globalized investors. Tags: Crisis, Crisis Grants, Economic Crisis, Crisis in Iceland, 2008 stock market collapse, collapse [...]

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In a speech in Indianapolis on April 12, 1959, John F. Kennedy remarked that the Chinese term weiji, translated as "crisis", was composed of two ideograms, indicating, respectively, "danger" and "opportunity." He added that, faced with the growing technological and scientific advances of the Soviet Union had to react to an imminent risk of loss of land [...]

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Commerzbank, Germany's second largest bank, announced today in a statement from the German state that will receive a capital injection of 8.2 billion euros as well as a guarantee on new debt to 15 billion euros. The bank, who presented the quarterly accounts, reported a net loss of 285 million euros. [...]

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The cut in policy rates by major central banks made yesterday was not sufficient to support a strong rebound in stocks, which closed the session near the minimum period. Yesterday on Wall Street, Dow Jones -2%, S & P500? 1.13%, Nasdaq -0.83%. Banks still prove to be difficult (-3%). A [...]

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Decided decline in oil in Asia, in a market worried about a drop in demand following the economic crisis. The circuit of delivery November Nymex WTI share on $ 87.51, down 1, 62%. In London, Brent delivery gives the 1, 60% to $ 83.01. Meanwhile circulating the rumor that OPEC could hold [...]

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The Icelandic State has taken control of the Icelandic bank Kaupthing, the first bank in the country. The Authority announced today the financial Iceland (EMF). "The Icelandic financial authorities, in accordance with the powers granted to it by the Icelandic parliament, has taken control of Kaupthing to maintain the continuity of commercial banking operations in Iceland," said the statement [...]

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