German Finance Minister Wolfgang Schaeuble called for “prohibitive” sanctions including expulsion from the euro region as the ultimate penalty for countries that repeatedly flout debt rules.
Francisco Gonzalez, chairman of Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest lender, has a pension worth 79.8 million euros ($109 million). That’s almost four times the pot accumulated by Stephen Green, his counterpart at HSBC Holdings Plc, Europe’s largest bank.
Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said the euro area needs instruments to prevent new crises.
Brian Pitman, who transformed Lloyds Bank into Britain’s most profitable lender and was one of his generation’s most successful bankers, has died. He was 78.
Religare Enterprises Ltd., Indian billionaire Malvinder Singh’s financial-services company, hired Sutha Kandiah as head of global equity capital markets, the second former UBS AG banker to join the firm this week.
Asian stocks rose, sending the MSCI Asia Pacific to its third weekly advance, on speculation the Bank of Japan will add funds to the financial system and as drugmakers gained on the outlook for their U.S. earnings
China’s accelerating inflation has started to erode household savings, threatening to spur purchases of property and stocks and fuel asset-price pressures.
Federal Reserve Bank of San Francisco President Janet Yellen is President Barack Obama’s pick for vice chairman of the central bank in Washington, two people with knowledge of the selection process said.
Chinese stocks may rise as a gauge of implied volatility shows the spread between China and U.S.
Taiwan’s Cabinet has approved plans to allow Chinese mainland companies to invest in domestic lenders, brokerages, and insurance industries, paving the way for a broader economic accord as cross-strait relations improve.
Gold Price Trend Forecast Feb 2010 – Makes Intermediate Top at USD 1131
Dow Index & Global Markets enter long term Bearish Phase – Credit crisis moving from Corporate to Sovereign credit crisis
Gold Price Trend Forecast 2010 – Bearish
Nifty Trading Tips – Nifty makes an intermediate top at 5,310 for jan 2010
Indian Rupee Value forecast to weaken further on Strong Intermediate Dollar rally
MCX/Comex Gold futures make intermediate Top at USD 1140 for Jan 2010
USD INR Trend forecast bottoms for 2009 – Indian Rupee (INR) exchange rate to weaken until 1 QTR 2010.