World economy
Libya: a premature victory celebration
31 Aug 2011
Gadhafi appears to be on his way to defeat but he is not there yet, and the ability of his enemies to govern Libya is doubtful. By George Friedman. Republished with permission of STRATFOR."
British business, banking lobbies hit out at possible ring fencing of retail, investment arms
31 Aug 2011
Yoshihiko Noda to take over as Japan's 6th PM in five years
30 Aug 2011
Japan's finance minister Yoshihiko Noda is all set to take over as the country's sixth prime minister in five years.
UK second quarter growth dips to 0.2 per cent
26 Aug 2011
Bank of America dips into Warren Buffett's Berkshire for $5-billion bailout
26 Aug 2011
Besides the $5 billion investment in BofA's cumulative perpetual preferred stock, Berkshire Hathaway will also receive 10-year warrants allowing it to purchase 700 million of common stock at $7.14 per share.
Japanese prime minister Naoto Kan steps down
26 Aug 2011
Kan, Japan's sixth prime minister in five years, has been in office for hardly 15 months.
China may achieve a trade balance next year
24 Aug 2011
Moody’s cuts Japan’s rating amid soaring debt, political turmoil
24 Aug 2011
Hours after the downgrade, the government announced a $100 billion credit facility to help the Japanese economy ride out a spike in the yen in recent weeks amid the global market turmoil, which has battered Japan’s export-led economy
US Fed secretly lent $1.2 trillion to top banks during crisis
23 Aug 2011
Fed chairman Ben Bernanke secretly advanced as much as $1.2 trillion of public money to top US and European banks, dwarfing the $160 billion in public bailouts.
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