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Mundell Says IMF Should Be Used as a ‘Lender of Last Resort’

Mar 19, 2010| 

Mundell Says IMF Should Be Used as a ‘Lender of Last Resort’ – Nobel Prize-winning economist Robert Mundell said the IMF should only be a “lender of... Read »

British Airways staff to strike as talks collapse

Mar 19, 2010| 

British Airways staff to strike as talks collapse - Hopes of a breakthrough in the dispute between British Airways and the Unite trade union have been dashed after... Read »

Lehman Had $39 Billion in Encumbered Cash Before Bankruptcy

Mar 19, 2010| 

Lehman Had $39 Billion in Encumbered Cash Before Bankruptcy – The day before Lehman filed for bankruptcy, almost all of its $41 billion cash pool was tied... Read »

India’s central bank unexpectedly raised rates

Mar 19, 2010| 

India’s central bank unexpectedly raised rates – The Reserve Bank of India increased the benchmark reverse repurchase rate to 3.5% from a record-low 3.25%... Read »

Latvia government collapses amid economic crisis

Mar 19, 2010| 

Latvia government collapses amid economic crisis – Unemployment has now hit 20 per cent and the economy contracted by 18 per cent last year – Telegraph  Read More →

Fed Must Disclose Bailout Documents, Court Orders

Mar 19, 2010| 

A federal appeals court in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after Lehman... Read »

35 cities suffer unemployment above 15%

Mar 19, 2010| 

35 cities suffer unemployment above 15% – There were 35 metropolitan areas in the United States with unemployment rates at or above 15% in January, according... Read »

Shell Announces Big Oil Find

Mar 19, 2010| 

Shell Announces Big Oil Find – Shell and partner Nexen made a significant discovery of oil 25,000 feet below the surface in the Gulf of Mexico – WSJ  Read More →

Dodd Bill May Allow for ‘Backdoor Bailouts,’ Bair Says

Mar 19, 2010| 

Dodd Bill May Allow for ‘Backdoor Bailouts,’ Bair Says – Policy makers need to end the concept of “too big to fail,” including revising... Read »

China tells U.S. to cool yuan debate

Mar 19, 2010| 

China tells U.S. to cool yuan debate – China is sending a Cabinet official to Washington in a bid to defuse trade tensions, the government said Friday- AP  Read More →