On Thursday, ratings agency Moody’s warned that it may cut the credit ratings of 17 global and 114 European financial institutions in another sign that the impact of the euro zone government debt crisis is spreading throughout the global financial system. The agency cited fragile funding conditions, increased regulatory burdens, and a tougher economic environment [...]
Posts Tagged ‘debt crisis’
Seventeen Global Banks May Be Downgraded By Ratings Agency
February 19th, 2012 
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Posted in Reviews 
Tags: credit ratings, credit spreads, debt crisis, global financial system, Moody's, ratings agency 
No Comments »Eurozone IMF Loan Target In Danger
January 3rd, 2012 admin Recently, ministers of the eurozone agreed to boost IMF resources by 150 billion euros to ward off the debt crisis and won support for more money from EU allies. However, it was still not clear if the bloc would reach its 200 billion euro target after Britain bowed out. European Union finance ministers said currency [...]
Posted in Reviews Tags: currency zone, debt crisis, eurozone, financial stability, IMF, International Monetary Fund No Comments »Geithner To Urge Europe Leaders For Action
December 16th, 2011 admin Treasury Secretary Timothy Geithner is all set to urge key officials of Europe to take decisive action next week at a make-or-break summit for preventing a debt crisis from turning into runaway contagion. Treasury announced Geithner would be meeting French President Nicolas Sarkozy, new Italian Prime Minister Mario Monti, and Spanish Prime Minister-elect Mariano Rajoy [...]
Wall Street Falls For 6th Day
December 15th, 2011 admin On Wednesday, U.S. stocks suffered a sixth straight day of losses as frustration over the euro zone’s debt crisis, coupled with weak Chinese factory data, to further dent investor sentiment. With the leaders of France and Germany still at odds over a longer-term structural solution, a weak German bond sale sparked fears the debt crisis [...]
Gold heads for biggest weekly gain
October 16th, 2011 admin On Friday, gold headed for its biggest weekly gain in a month as equities regained strength after fresh European efforts to resolve the debt crisis eased worries about a global recession. Gold gained 1 percent to reach an intraday high of $1,665.99 an ounce and stood at $1,659.10 by 0648 GMT, up $9.75, bullion hit [...]
Gold Prices Surged By Global Growth Worries And Europe Debt
August 3rd, 2011 admin Gold hit a record high on 3rd August, 2011 as investors made a beeline for bullion for sheltering from impact of the financial markets of the deteriorating outlook for the global economy and worsening debt crisis of Europe. Spot gold rose to an all-time high of $1,661.14 in early Asian hours to hit its ninth [...]
