Spain Downgraded, Seen Asking for Bailout Saturday
Fitch cut Spain’s credit rating by three notches late Thursday, leaving it two levels above junk, and Friday morning word circulated that the country would ask for a bailout on Saturday.
Spain Auction Beats Target
Although yields were at a high not seen since November, Spain exceeded its target at a Thursday bond sale, easing fears that financial markets were closed to the country.
China Money Market Rate Jumps
Chinese money market rates have jumped, leading to speculation that banks in that country are hanging onto their cash in response to regulatory requirements that oblige them to boost capital.
10 Key Predictions for Markets, Election in 2012: Neuberger Berman
From uncertainty about the election and the economy in the United States to uncertainty about the stability of Europe, there are a lot of moving parts for investors to keep their eyes on.
People's Bank of China May Skip Weekly 3-Month Bill Sale
Word came Wednesday that the People’s Bank of China may cancel a scheduled weekly Thursday sale of three-month bills.
Does China Currency Manipulation Hurt Us or Them?: News Analysis
As the largest foreign holder of U.S. government debt, China has made a killing on its portfolio of U.S. bonds, but it could have done a lot better if its broker had not manipulated the exchange rate on its transactions.
China Stops FX Swaps With Some European Banks
Bank of China and another Chinese bank have stopped interest rate swaps and foreign exchange trading with a number of foreign banks, reducing their exposure to the euro zone.
China Adjusts Reserve Ratio Again to Fight Inflation
The Chinese government moved again on Monday to battle inflation, but instead of an outright increase in the required reserve ratio (RRR), this time it clarified policy on margin deposits.
China Banks Seek Overseas Expansion
Chinese banks, in an effort to grow beyond the mainland's borders, have plowed large amounts of capital into acquisitions, new branches overseas and joint ventures. Although analysts are critical of their efforts, calling them pricey and poorly directed, banks see opportunity beckoning.
China Weighs In on Strauss-Kahn’s IMF Successor
As the quest to replace Dominique Strauss-Kahn as head of the International Monetary Fund (IMF) continues, China has entered the fray, saying that the U.S. should reduce its voting share in the financial body so that emerging economies can have more of a voice in the selection process.