FreshPips.com / User / dooly / Voted

"We must spend up to 4 trillion dollars"

posted by sassygirl 1320 days ago in CHF made popular 1320 days ago

To save the financial market, the governments must disburse at least 3 or 4 trillion dollars and nationalise banks threatened with bankruptcy. Is the prescription of economist Swiss Mauro Baranzini, for which this crisis demonstrates the need for

Discuss

UK government takes stake in three banks

posted by sassygirl 1321 days ago in GBP made popular 1320 days ago

The British government on Monday said it would make a multi-billion investment in three of the country's major banks to help them through the "first financial crisis of the global age."

Discuss

Business conditions steady despite turmoil

posted by mags23 1321 days ago in AUD made popular 1320 days ago

A key measure of Australian business conditions held broadly steady in September in the face of global financial market turmoil, helped mainly by the booming mining sector, a survey showed on Tuesday.

Discuss

Bush to announce expanded bank bailout details

posted by odell 1321 days ago in USD, Fundamental, Consumer made popular 1321 days ago

The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and gove

Discuss

EU Nations Commit 1.3 Trillion Euros to Bank Bailouts

posted by odell 1321 days ago in EUR made popular 1320 days ago

France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders, racing to prevent the collapse of the financial system.

Discuss

Oil Climbs Back Above $80

posted by forexjunkie 1321 days ago in Oil made popular 1321 days ago

Crude oil turned higher in Monday's trading as traders indicated last week's sharp decline may have been a little overdone. Light sweet crude climbed to $81.19, up $3.49 on the session. Oil hit as high as $82.52 in electronic trading before easin

Discuss

U.S. stocks join global rally on government plans

posted by dooly 1321 days ago in USD, Fundamental made popular 1321 days ago

U.S. stocks on Monday sprang back, with the Dow Jones Industrial Average on track for its largest daily jump ever, with shares of General Motors Corp. buoyed by merger talk amid a widespread global rally after government actions to heal the finan

Discuss

Trichet Says ECB May Need to Examine `New Steps' on Collater

posted by nancypants 1321 days ago in EUR, Daily made popular 1321 days ago

European Central Bank President Jean-Claude Trichet said the ECB will examine ways to widen its lending rules after governments asked it to set up a facility to buy commercial paper.

Discuss

Gold Gains in London as Dollar Weakens, Crude Oil Strengthen

posted by fxhottie 1321 days ago in USD, Gold

Gold advanced in London as the dollar fell against the euro on a European plan to guarantee bank debt and as crude oil strengthened, buoying demand for the metal as a hedge against a weaker U.S. currency and inflation.

Discuss

Australia, New Zealand Join The Deposit Guarantee Club

posted by lovethefx 1321 days ago in AUD, Fundamental, Daily made popular 1321 days ago

The Australian and New Zealand governments announced measures to lessen the impact of the global financial market rout on their banking systems, over the weekend. The move came in response to similar efforts agreed by G-7 nations to stabilize fin

Discuss

Warren Buffett's Reassuring Words On the Future

posted by MarcB 1321 days ago in USD, Daily made popular 1321 days ago

As the stock market's wild moves downward have average Americans worried about their financial futures and looking for leadership, it's important to keep Warren Buffett's reassuring words about the long-run in mind.

Discuss

Yen to Rise to 95 on Carry-Trade Unwind

posted by MarcB 1321 days ago in JPY, Sentiment, Daily made popular 1321 days ago

The yen may extend gains against the U.S. dollar as Japanese investors start selling some of their more than $1.3 trillion in overseas assets to bring money home because of a global slump in equities, JPMorgan Chase & Co. said.

Discuss