http://www.cnbc.com/id/37056013
"These facilities are designed to help improve liquidity conditions in U.S. dollar funding markets and to prevent the spread of strains to other markets and financial centers," the Fed said in a statement.
Monday, May 10, 2010
EU Crafts $962 Billion Show of Force to Halt Euro Crisis
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeHrwqUq9G9A&pos=1
European policy makers unveiled an unprecedented loan package worth almost $1 trillion and a program of bond purchases as they spearheaded a global drive to stop a sovereign-debt crisis that threatened to shatter confidence in the euro.
European policy makers unveiled an unprecedented loan package worth almost $1 trillion and a program of bond purchases as they spearheaded a global drive to stop a sovereign-debt crisis that threatened to shatter confidence in the euro.
Sunday, May 9, 2010
EU Prepares Euro Fund to Fight ‘Wolfpack,’ Halt Debt Crisis
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9AGoWoxhTp8&pos=1
The political leadership of the $12 trillion economy yesterday also signed off on a 110 billion-euro ($140 billion) aid package for Greece negotiated by finance ministers last week. So far nine governments have cleared the way for funds to be sent to Athens.
The political leadership of the $12 trillion economy yesterday also signed off on a 110 billion-euro ($140 billion) aid package for Greece negotiated by finance ministers last week. So far nine governments have cleared the way for funds to be sent to Athens.
Times Square Suspect Linked to Pakistani Taliban (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYUH7j9Fbkf4&pos=9
Terror groups are “taking advantage” of people such as Shahzad who are able to travel between the U.S. and other nations and even have citizenship, Brennan said.
U.S. Attorney General Eric Holder has said Shahzad admitted his role in the May 1 bombing attempt.
Terror groups are “taking advantage” of people such as Shahzad who are able to travel between the U.S. and other nations and even have citizenship, Brennan said.
U.S. Attorney General Eric Holder has said Shahzad admitted his role in the May 1 bombing attempt.
Saturday, May 8, 2010
Oil-Recovery Box Nearing Seafloor Represents BP’s Best ‘Hope’
http://www.bloomberg.com/apps/news?pid=20601087&sid=arcdOnpWJgJA&pos=4
Similar containment boxes have been used to funnel crude from leaking wells in shallow water. This is the deepest deployment of the system, according to a fact sheet provided by BP.
Similar containment boxes have been used to funnel crude from leaking wells in shallow water. This is the deepest deployment of the system, according to a fact sheet provided by BP.
EU to Set Up Fund to Prevent Spread of Greek Crisis (Update3)
http://www.businessweek.com/news/2010-05-08/eu-to-set-up-fund-to-prevent-spread-of-greek-crisis-update3-.html
The political leadership of the $12 trillion economy also signed off on a 110 billion-euro ($140 billion) aid package for Greece negotiated by finance ministers last week. So far nine governments have cleared the way for funds to be sent to Athens.
The political leadership of the $12 trillion economy also signed off on a 110 billion-euro ($140 billion) aid package for Greece negotiated by finance ministers last week. So far nine governments have cleared the way for funds to be sent to Athens.
Friday, May 7, 2010
U.S., Asia Stocks Plunge as Debt Concern Spurs Electronic Rout
http://www.bloomberg.com/apps/news?pid=20601087&sid=aOlCsh0xeWvk
May 6 (Bloomberg) -- U.S. stocks tumbled the most in a year as waves of computerized trading exacerbated a selloff triggered by Europe’s debt crisis, sparking a slide in Asian shares. The rout briefly erased more than $1 trillion in U.S. market value as the Dow Jones Industrial Average fell almost 1,000 points, a 9.2 percent plunge that was its biggest intraday percentage loss since 1987 and largest point drop ever, before paring the drop.
May 6 (Bloomberg) -- U.S. stocks tumbled the most in a year as waves of computerized trading exacerbated a selloff triggered by Europe’s debt crisis, sparking a slide in Asian shares. The rout briefly erased more than $1 trillion in U.S. market value as the Dow Jones Industrial Average fell almost 1,000 points, a 9.2 percent plunge that was its biggest intraday percentage loss since 1987 and largest point drop ever, before paring the drop.
Electronic Trading to Blame for Plunge, NYSE Says (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aktCEVdfmfys&pos=1
“If you look at the charts you can see fairly clearly where the trades came in,” he said from New York. “It’s that V-shaped drop where it came down and snapped right back up. You had some very high-cap stocks trading down 50 percent or large percentages in a split instant because there really was no liquidity in electronic markets.”
“If you look at the charts you can see fairly clearly where the trades came in,” he said from New York. “It’s that V-shaped drop where it came down and snapped right back up. You had some very high-cap stocks trading down 50 percent or large percentages in a split instant because there really was no liquidity in electronic markets.”
South Korea Concludes North Korea Sank Its Warship, Chosun Says
http://www.bloomberg.com/apps/news?pid=20601101&sid=a7RSghXpRaoM
“The investigation is on-going,” State Department spokesman Philip J. Crowley said in an e-mail. “We are supporting that investigation and will draw appropriate conclusions once it is done.”
“The investigation is on-going,” State Department spokesman Philip J. Crowley said in an e-mail. “We are supporting that investigation and will draw appropriate conclusions once it is done.”
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