Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.» Read More
The Obama administration is committing huge sums of money to rescuing banks, but the veterans of Japan’s banking crisis have three words for the Americans: more money, faster. The Japanese have been here before. They endured a “lost decade” of economic stagnation in the 1990s as their banks labored under crippling debt, and successive governments wasted trillions of yen on half-measures.
When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.
At yesterday's Power Lunch town hall, there was some good debate on whether buy and hold pays off in the long run. Here is some of the analysis that fueled the discussion...
A top economics adviser to President Barack Obama says the $790 billion stimulus plan set for a final congressional vote will help, but that it isn't a "silver bullet" to cure the problem.
Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking, the New York Times reported.
It seems many traders and newcomers to the markets think that using sophisticated methods or expensive tools will help them make larger profits in the markets. They could not be further from the truth.
Host David Faber goes in-depth on the credit crisis, telling us what happened, who the players were and how it stretched across the globe.
Stocks staged a comeback in the final hour of trading Thursday following news that the Obama administration is mulling a new plan to subsidize mortgage payments for homeowners in jeopardy. In other words, the market finally got what Treasury Secretary Geithner failed to deliver: Details.
Fourth quarter GDP was announced as a negative 3.8% the other day, but it's going to get revised downward, maybe more than once.
It's a testament to how crappy the prospects of young people are that even when the economy was roaring, we would still take these unpaid positions just to fill out our resumes.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
US lawmakers prepared Thursday to pass a $789 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned may have costly consequences.
The idea that a lack of credit is keeping a large percentage of people from buying a new or used car is one of the more ridiculous assumptions still swirling around the auto industry. If you are looking to buy, there's plenty of credit available and frankly, it is a buyer's market.
Late yesterday, the US House and Senate conferees came to an agreement on the Obama stimulus plan - the decision to cut back the spending was a great idea, says Andrew Busch.
Futures were pressured by declines overseas Thursday but pared losses after the first rise in retail sales in seven months.
I keep looking for signs of economic light at the end of the tunnel, and yet this credit card crisis scares me too much to get hopeful yet, says Patricia Chadwick, founder & president of Ravengate Partners.
A quick glance at this week's government bond auctions reminds me of that old story Woody Allen used to tell about overhearing two women in a Manhattan restaurant: one complains that "the food here is just terrible," to which her friends agrees, adding, "yes, and such small portions."
The investment mantra of "stay defensive," which wary market watchers have clung to in the wake of last year’s brutal declines, is faltering, and cyclical stocks are set to take over as the economy shows tentative signs of recovery, Tammo Greetfeld, senior equity strategist of UniCredit, said in a research note.
As morbid as it sounds, a recession's the perfect time to take a very, very long vacation. And guess what? It's really cheap too!
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