Archive for November 29th, 2009

Marfin si-a redus activele cu 15% in noua luni

Grecii de la Marfin Bank detineau la sfarsitul lui septembrie active de 616 milioane de euro pe piata locala, in scadere cu 15% fata de sfarsitul anului trecut, potrivit unui raport al grupului.

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BNR a parat unda de soc venita din Dubai

BNR a intervenit energic pe piata valutara pentru a calma presiunile de depreciere a leului, in conditiile in care unda de soc pornita joia trecuta din Dubai a zdruncinat si monedele de pe pietele emergente din regiune.

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Treasury wants more lender leeway on loans (Reuters)

The Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday.

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Geneva: Police use tear gas on WTO protest (AP)

Police fired tear gas and rubber bullets Saturday to separate violent demonstrators from a protest of a meeting of top world trade officials, but the hooded “black bloc” activists were able to cause damage before 14 were arrested, spokesmen said.

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Black Friday sales barely up, online surges (Reuters)

In a worrisome sign for retailers, data released on Saturday showed that sales rose a scant 0.5 percent on the traditional kickoff to the holiday shopping season despite early signs of a strong showing.

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Bernanke makes case for strong Fed role on banks (AP)

The chairman of the Federal Reserve is concerned that congressional efforts at financial reform could weaken the central bank’s ability to handle future crises and may politicize monetary policy.

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Bernanke: Congress should not place new limits on the Fed (CNNMoney.com)

Federal Reserve Chairman Ben Bernanke, just days ahead of his confirmation hearing, is warning Congress that actions limiting the central bank’s independence could prove detrimental to the causes of financial reform and economic recovery.

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Japan PM, BOJ governor to meet next week: sources (Reuters)

Japanese Prime Minister Yukio Hatoyama and Bank of Japan Governor Masaaki Shirakawa will meet next week, two sources with direct knowledge of the matter said, as a surging yen adds to debate over central bank policy.

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Abu Dhabi to aid Dubai on "case by case" basis (Reuters)

Abu Dhabi, wealthy capital of the United Arab Emirates, will “pick and choose” how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.

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Audit would hurt economic prospects: Bernanke (Reuters)

Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health in the future.

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