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Best Muni-Bond Manager Says Whitney Call on Defaults Overblown

admin — Thu, 20 Jan 2011 00:13:52 +0000

Best Muni-Bond Manager Says Whitney Call on Defaults Overblown
Lyle Fitterer, the top manager of U.S. municipal-bond funds in the past decade, sides with Bill Gross and against Meredith Whitney in his view that fiscally strained states and cities will avoid widespread defaults.

Singapore’s Temasek says BP stake talk “speculation”

admin — Thu, 08 Jul 2010 18:12:08 +0000

Singapore’s Temasek says BP stake talk “speculation”
* Portfolio value up 43 pct to record S$186 bln at end-March

Geithner Says Credit Access Improving

admin — Wed, 23 Jun 2010 03:16:06 +0000

Geithner Says Credit Access Improving
Treasury Secretary Timothy F. Geithner said credit availability is improving and companies are building up unprecedented cash reserves, signs that the U.S. economy may be poised for increased growth.

IMF’s Lipsky Says Euro Is Near Equilibrium, Level Not Problem

admin — Thu, 20 May 2010 09:12:13 +0000

IMF’s Lipsky Says Euro Is Near Equilibrium, Level Not Problem
The euro’s current level is close to an “equilibrium” value and its decline to the lowest level in four years against the dollar may help Europe’s exports, the International Monetary Fund’s No. 2 official said.

(AFX UK Focus) 2010-05-09 18:14 Paris says France, Germany agree on EU measures

admin — Mon, 10 May 2010 09:37:27 +0000

(AFX UK Focus) 2010-05-09 18:14 Paris says France, Germany agree on EU measures
PARIS, May 9 (Reuters) – France and Germany “completely” agree on the measures to be unveiled on Sunday by the Ecofin group of EU finance ministers to help solve the crisis-hit euro zone, the French presidency said. After talks on Sunday, French President Nicolas Sarkozy and German Chancellor Angela Merkel “acknowledged their complete agreement on the measures to be announced tonight by Ecofin …

In-house lawyers have no right to secrecy in EU competition cases, says CJEU advisor

admin — Tue, 04 May 2010 02:20:46 +0000

In-house lawyers have no right to secrecy in EU competition cases, says CJEU advisor
In-house lawyers have no right to keep all of their communications with their employers secret when the company is being investigated by the European Commission for breaches of EU competition law, according to an Advocate-General.

Greek finance minister says bailout deal is within reach

admin — Mon, 26 Apr 2010 15:21:32 +0000

Greek finance minister says bailout deal is within reach
Negotiations over a $60 billion rescue package for Greece are going well and could be completed within a few weeks, Greek Finance Minister George Papaconstantinou said Sunday.

Hong Kong Bourse Says Electronic Trading Is Biggest Challenge

admin — Mon, 26 Apr 2010 00:11:26 +0000

Hong Kong Bourse Says Electronic Trading Is Biggest Challenge
April 22 (Bloomberg) — Hong Kong Exchanges & Clearing Ltd. executives said alternative trading platforms are the bourse’s biggest challenge because they lack transparency.

Hospital takeover ‘lunacy’ says Abbott

admin — Wed, 21 Apr 2010 04:27:55 +0000

Hospital takeover ‘lunacy’ says Abbott
Opposition leader says negotiations will amount to another Copenhagen. 18 Apr 2010 1:13 PM

IMF says banks should pay for future bailouts

admin — Wed, 21 Apr 2010 00:14:37 +0000

IMF says banks should pay for future bailouts
IMF proposes that banks, other financial institutions pay for any government help