WORLD


MDT/PTI 01 October 2012
The global airlines’ body estimated that Asia-Pacific airlines were set to post a $2.3 billion profit for 2012, which was $0.3 billion better than previously forecast   New Delhi: The crisis-hit global airline industry may stem its growing losses and even record modest profits next...

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Cora Currier (ProPublica) 27 September 2012
Federal watchdog in the US says the mortgage giant had no coordinated plan to bet against homeowners, though Freddie Mac held billions of dollars of investments that paid off if borrowers stayed stuck in high-interest loans Mortgage giant Freddie Mac did not keep homeowners trapped in...

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Like the Federal Reserve, the Chinese government continues to pump in money, but the real problem is that both are facing “structural problems that counter-cyclical remedies cannot fix, so the private sector cannot find areas to make enough profit to justify its investment”   Over the...

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Whatever happens in China, the US, Europe or emerging markets, one thing is absolutely certain: the global economy is slowing and with it, corporate earnings. Now that is a real terror   For most of the worlds’ markets the summer has been quite kind. Traders departed for the mountains or...

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Paul Kiel (ProPublica) 07 September 2012
While Democrats paint a glowing picture of the bailout, ProPublica’s Bailout Tracker database tells the whole story. A look at the biggest losses and gains stemming from the TARP and Fannie, Freddie bailouts in the US   Quick, how many billions in the red are taxpayers on the bailout...

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MDT/PTI 03 September 2012
According to market analysts, the might worsen as local governments have attempted to unleash a new round of stimulus packages amid the current economic downturn Beijing: China's state-run banks are facing increased bad loans partly due to a lending spree to support massive economic...

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When the markets finally realize the enormity of the debt problem across the world, no amount of stimulus will make much difference The potential for additional stimulus may have distracted the markets, but it has not solved any problems. This is especially true in Europe where investors...

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The purpose of stimulus is basically to manipulate the markets, which have taken the bait and have gone up relying on expected economic growth. But if the stimulus does not appear or simply does not work, the markets could be in for a large disappointment and larger correction It is my...

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MDT/PTI 22 August 2012
According to EFSF chief Klays Regling, eespite the lack of confidence of market participants and scepticism, the member-states of the Euro area have made significant progress on national level in reducing macroeconomic imbalances Mumbai: Contrary to the mainstream media perception and...

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Harsh Desai 22 August 2012
As the price of oil goes up and one weekly job report follows another, the pressure on President Obama can only mount.  To see in which direction the voter will swing on Election Day keep a lookout for the price of a barrel of oil                                                      What...

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Moneylife Digital Team 20 August 2012
Goldman Sachs’s recent note maintains that S&P 500 will be 1250 at year’s end, when currently it is at 1418 signifying huge downside David Kostin, who recently replaced perma-bull Abby Joseph Cohen as Goldman Sachs US Chief Equity Strategist, has warned investors that S&P is likely to...

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MDT/PTI 07 August 2012
China's corporate debt-to-GDP ratio stood at 107% in 2011, the highest in the world as large Chinese companies' debt burden is increasing after 2008   Beijing: Cautioning China's corporate debt ratio has reached a 'dangerous' levels, experts have warned against any stimulus measures...

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The economic impact of the drought will be more severe in emerging markets. With the global economy slowing, the bad harvests could not have come at a worse time. India has had trouble taming its inflation and now it will get worse The world’s food supply is in danger. Droughts around...

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Profits and growth depend on good management. Yet investors have the habit of lumping countries into categories based on vague criteria and assuming correlation across the class, a sure recipe for disaster in any language Recently I read several articles on a popular US financial website...

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The US Senate's Permanent Sub-committee on Investigations, said HSBC was found to be doing business with Al Rajhi Bank, whose key founder was an early financial benefactor of al Qaeda, and also have provided US dollars and services to some banks in Saudi Arabia and Bangladesh despite their...

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Brazil is confronted by slowdowns in its major export markets together with a home grown credit mess. It is doubtful that it can save itself, much less the rest of the world In February 2011, I wrote a piece about what I thought was a credit bubble in Brazil. I thought that the problem...

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MDT/PTI 03 July 2012
Barclays' senior management and multiple traders were involved in manipulating Libor and Euribor rates and the bank was slapped a 290 million pounds fine by the US and UK authorities   London: Barclays Plc on Tuesday said its chief executive officer Bob Diamond has resigned with...

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Moneylife Digital Team 02 July 2012
Despite European leaders agreeing to recapitalise banks directly instead of bailing them out vis-a-vis loans, Barclays believes that the Euro currency will be weak and will fall   Barclays, a leading British financial institution, believes that the market is expected to remain subdued...

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The best solution to the problem of tax evasion is to simplify both the tax and the regulatory environment   Periodically for the past two years we have been bombarded with stories about the Greek financial mess. The Greeks and several other countries in the Eurozone have very large...

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In a country where information is tightly controlled, the size and extent of the underground economy can only be guessed. When this part of the economy goes bust, the landing will be very hard indeed The Chinese economy, like the economies of the rest of the BRICs, is slowing. Despite...

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