Responding to a call from opposition ministers for the Government to do more to help the affected businesses, Mark Hoban, the Financial Secretary to the Treasury, said consultations were under way on a range of proposals that could make it easier for mis-selling victims to bring legal challenges…
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UK: Demand for class action over bank mis-selling
Forex Weekly Outlook May 21-25
The US dollar had a blockbuster week, breaking ground against all currencies apart from from the other safe haven: the yen, as euro-zone issues became more severe. In addition to the ongoing troubles in the euro-zone, US housing data, Japans rate decision and US unemployment claims are the major…
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US Week Ahead: Existing Home Sales, Durable Orders, Consumer Sent
Housing data and durable goods orders will fill out an otherwise light week ahead of the U.S. holiday weekend.
Next week’s home sales data are expected to show no real progress on the housing front. These include April existing home sales, to be released Tuesday at 10:00 a.m. ET, and April new…
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Loonie the first to hike?
Canada looks like a safe bet to be the first amongst the G8 members to hike rates. Last months inflation figures were a tad stronger than expected, topping Governor Carneys +2% inflation target. Despite the small breach, no CBank in this stuttering economic environment would be rushing to raise…
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Statement by G-8 Leaders on the Global Economy
Our imperative is to promote growth and jobs.
The global economic recovery shows signs of promise, but significant headwinds persist.
Against this background, we commit to take all necessary steps to strengthen and reinvigorate our economies and combat financial stresses, recognizing that the…
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Statement by the G-8 on Global Oil Markets
There have been increasing disruptions in the supply of oil to the global market over the past several months, which pose a substantial risk to global economic growth. In response, major producers have increased their output while drawing prudently on excess capacity. Looking ahead to the…
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G8 says it wants Greece to remain in ‘strong’ eurozone
The leaders of the G8 group of the world’s most powerful economies say they want debt-stricken Greece to remain in the eurozone.
In their summit communique, G8 leaders also committed themselves to promoting growth alongside fiscal responsibility.
However, the leaders acknowledged “the right m…
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Ottava di vendite per Wall Street, debutto incerto per Facebook
Wall Street chiude la seduta con il segno meno nel giorno del debutto di Facebook (+0,61%), il social network da 900 milioni di utenti fondato da Mark Zuckerberg. L’attesissimo sbarco sul Nasdaq, già …
Sternlicht Searches for Yield at Second-Tier U.S. Malls
Investors including Barry Sternlicht and KKR & Co. (KKR) are buying second-tier shopping malls in places from Lincoln, Nebraska, to suburban Chicago in a hunt for higher yields as retail sales at the properties rebound.
…
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Succinct Summation Of Weeks Events (05/18/2012)
Succinct summation of weeks events:
Positives:
1) Cheers to Mark Zuckerberg and Facebook for building an incredible business and whose reward today is hugely deserved and exciting to watch.
2) April Housing Starts back above 700k for 4th month in the past 6 at 717k, above est of 685k and M…
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