Recent content by uobboss

Worst of financial crisis yet to come, says IMF chief economist Posted: 23 November 2008 0521 hrs ZURICH, Switzerland - The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday...

usa FDIC limit officially raised to us$250,000 FDIC limit officially raised to $250,000 Federal regulators formally approve the temporary increase from $100,000. October 10, 2008: 6:18 PM ET WASHINGTON (AP) -- The Federal Deposit Insurance Corp. (FDIC) on Friday formally approved the...

东欧南美多国濒临破产边缘 金融海啸袭亚洲东欧南美 东欧南美多国濒临破产 　　中新网10月12日电 香港文汇报报道，金融海啸席卷亚洲、东欧和南美洲，巴基斯坦的外汇储备捉襟见肘，恐怕需要拖欠国债，其它国家如乌克兰、哈萨克和阿根廷亦濒临破产边缘，一些制造东欧地产泡沬的西方银行，股价亦是拾级而下。 　　根据担保国家有能力偿还债务的保险产品—5年期信用违约掉期(CDS)，市场预期乌克兰将有80%机会拖欠债务。 　　乌信贷崩溃 股市累跌73% 　　乌克兰除了要面对银行体系经过信贷狂增数年后濒临崩溃，导致经济裹足不前外，更要应付政治气候由差转坏的困境。该国上周没收当地银行...

The mood of crisis was heightened further when the Government suspended all public service broadcasting, a measure usually reserved for volcano warnings. The chairman of the opposition left-green party, Steingrimur Sigfusson, has called for a coalition government to lead Iceland through its...

They had learnt at school all about the last Cod War with Britain, in 1976, when Iceland unilaterally extended its territorial waters, desperate to increase the financial yield from its trawler fleet. So, in keeping with the traditions of their Viking ancestors, the new army of corporate raiders...

"Over the years we have built a strong and well-diversified bank. We have some of the strongest capital ratios in the European bank sector. We've got good asset quality and a highly diversified loan portfolio. Kaupthing has and continues to manage its business prudently and, with our strong...

Financial crisis: Iceland's dreams go up in smoke What a difference a year makes. Only last November, Iceland's status as one of the most successful economies in the West was underlined when it was judged the best place to live in the world. By Andrew Pierce Last Updated: 8:08AM BST 07...

The Government of Singapore Investment Corporation Private Limited (GIC) is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves. With a network of eight offices in key financial capitals around the world, GIC invests internationally...

The bull case The bull case Daniel Alpert, managing director with investment bank Westwood Capital, used one C word (capitulation) as well as another (crash) to describe what's going on in the markets. He suggested it might be time to tentatively wade back into stocks. "By any measure, we...

The bear case The bear case Barry Ritholtz, CEO of research firm Fusion IQ, wrote in a note to clients yesterday afternoon - before the Dow experienced its huge swoon in the last half-hour - that if the Dow failed to stay above 8,750 that would be very bad news. Unfortunately, the Dow...

Bull vs. Bear: Looking for bottom Stocks went on another wild ride Friday. But after nearly two weeks of selling, is the bottom finally near? Bulls and bears sound off. By Paul R. La Monica, CNNMoney.com editor at large Last Updated: October 10, 2008: 4:23 PM ET NEW YORK (CNNMoney.com) --...

Business lending falls again NEW YORK (CNNMoney.com) -- The market for commercial paper, a key form of lending to major businesses and banks, continued to shrink in the past week, according to a report from the Federal Reserve Thursday. The latest figures released Thursday morning show total...

FDIC limit officially raised to $250,000 Federal regulators formally approve the temporary increase from $100,000. October 10, 2008: 6:18 PM ET WASHINGTON (AP) -- The Federal Deposit Insurance Corp. (FDIC) on Friday formally approved the increased insurance limit of $250,000 per regular...

Waiting for 1988 3 digit sti index before going in .

It's not the Forclosures- it's the deivatives; It is actually related It's not the Forclosures- it's the deivatives; It is actually related We are in the midst of the collapse of a roughly $1 QUADRILLION (1000 trillion or 1,000,000 billion) notional derivatives bubble. The Paulson plan is...