European Financial Crisis - Business Exchange Most Active Articles 2009-11-24T08:24:20.761-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:european-financial-crisis Mark Scott mscott249 Managing Shared Services in Recessionary Markets urn:com:businessweek:bx:article:5838334997546622311-54b0bfff3a5ee696b5d8e7546465e845 2009-11-17T07:21:17.629-05:00 Phil Searle, Advisory Board Member for the SSON, asks Jim Ward,Vice President Shared Services International at Eaton, about Eaton's SSC in Glasgow, Scotland- specifically how the current recession has presented both challenges and opportunities Phil Searle, Advisory Board Member for the SSON, asks Jim Ward,Vice President Shared Services International at Eaton, about Eaton's SSC in Glasgow, Scotland- specifically how the current recession has presented both challenges and opportunities ssonetwork.com http://www.ssonetwork.com/my-account-login.aspx?redirecturl=/topic_detail.aspx?id=5816&ekfrm=6&prem=1&utm_source=ssonetwork.com&utm_medium=SMO&utm_campaign=BXCHANGE&utm_content=11_17_2009&mac=SSON_Ext_SMOQ409 Chris Gayner cgayner561 0 0 0 0 Iceland’s government collapses, PM resigns urn:com:businessweek:bx:article:18383177348241912049-943f99e5681dcb663f02308e1e159eaa 2009-01-26T11:58:25.123-05:00 Iceland’s government collapsed on Monday, becoming the world’s first administration to disintegrate as a direct result of the global financial crisis. The demise of the two-party coalition forced Geir Haarde, prime minister, to resign with immediate effect and left the country without a government amid its most serious economic crisis in recent history. Iceland’s government collapsed on Monday, becoming the world’s first administration to disintegrate as a direct result of the global financial crisis. The demise of the two-party coalition forced Geir Haarde, prime minister, to resign with immediate effect and left the country without a government amid its most serious economic crisis in recent history. ft.com http://www.ft.com/cms/s/0/859eee98-ebbb-11dd-8838-0000779fd2ac.html Shirley Brady sbrady224 783 782 1 0 Failure to save East Europe will lead to worldwide meltdown urn:com:businessweek:bx:article:13332729065522454028-e9071c4ef124aab8fc53b3d4b782ff5c 2009-02-23T10:54:09.573-05:00 If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung. If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung. Telegraph http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4623525/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html#postComment Henry Blodget hblodget186 336 335 1 0 Euro, Once a Boon, Is Now a Burden for Some urn:com:businessweek:bx:article:15874712488082244115-9f042626a03084ea16103a7b45080024 2009-01-24T11:02:32.841-05:00 ATHENS — “The Italians, the Spaniards, the Greeks, we all have been living in happy land, spending what we did not have,” said George Economou, a Greek shipping magnate, contemplating his country’s economic troubles and others’ from his spacious... ATHENS — “The Italians, the Spaniards, the Greeks, we all have been living in happy land, spending what we did not have,” said George Economou, a Greek shipping magnate, contemplating his country’s economic troubles and others’ from his spacious... New York Times http://www.nytimes.com/2009/01/24/business/worldbusiness/24euro.html?ref=business Maharshi Patel mpatel543 354 354 0 0 Morgan Stanley Thinks Europe's Rally Isn't Done Yet urn:com:businessweek:bx:article:13516555943261080850-fc66a5d5914ebac2f7cfbaece9597403 2009-11-09T10:30:20.149-05:00 Morgan Stanley recently published a report that argues the rally in European markets isn't over yet, despite recent Bearish activity. Using data from the American Association of Individual Investors, one can see that the market has recently become very Bearish. Morgan Stanley recently published a report that argues the rally in European markets isn't over yet, despite recent Bearish activity. Using data from the American Association of Individual Investors, one can see that the market has recently become very Bearish. businessinsider.com http://www.businessinsider.com/morgan-stanley-thinks-europes-rally-isnt-done-yet-2009-11 Henry Blodget hblodget186 1 1 0 0 How the Crisis is Hitting Europe urn:com:businessweek:bx:article:4784684281348251030-aaf28ae46b71bcc78533eaed2a4cc51f 2009-02-26T14:39:55.641-05:00 A few months ago Europeans thought they could dodge the worst of the financial crisis. They were wrong. A few months ago Europeans thought they could dodge the worst of the financial crisis. They were wrong. BusinessWeek http://www.businessweek.com/magazine/content/09_10/b4122036855338.htm?chan=globalbiz_europe+index+page_top+stories Jack Ewing jewing574 241 241 0 0 Market Risk - Long/Short Equity Hedge Funds Avoided Equity Market Downswings In October urn:com:businessweek:bx:article:14760180322980092591-d7b00b1d82dc205244d8b49cadd0ef5f 2009-11-06T12:54:04.106-05:00 Long/Short Equity fund managers avoided equity market volatility in October, finishing the month in neutral territory, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. Dr. Drachman noted, "After... Long/Short Equity fund managers avoided equity market volatility in October, finishing the month in neutral territory, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. Dr. Drachman noted, "After... hedgetracker.com http://www.hedgetracker.com/article/Market-Risk--Long-Short-Equity-Hedge-Funds-Avoided-Equity-Market-Downswings-In-October Todd Walker rwienke085 0 0 0 0 Britain Could Break Up Big Banks urn:com:businessweek:bx:article:4492821990312813222-ffd18c453b643fbb93c7389c0c52b4c7 2009-10-29T07:25:25.042-04:00 Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night. Government sources said ministers were "determined" to see more competition in the market,... Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night. Government sources said ministers were "determined" to see more competition in the market,... BusinessWeek http://www.businessweek.com/globalbiz/content/oct2009/gb20091028_358093.htm Andy Reinhardt areinhardt626 6 6 0 0 Benjamin Fulford propagates outrageous lies about Queen Elizabeth II urn:com:businessweek:bx:article:16213751204769126115-df6fbb2f57825116ecd77ef8a5d9eb95 2009-10-26T17:52:34.185-04:00 Over the past few hours and days, Fulford has willfully propagated a hodgepodge of truly viscous lies about Her Majesty, Queen Elizabeth II, in addition to other members of the British Royal Family. Over the past few hours and days, Fulford has willfully propagated a hodgepodge of truly viscous lies about Her Majesty, Queen Elizabeth II, in addition to other members of the British Royal Family. examiner.com http://www.examiner.com/x-9341-Manhattan-Headlines-Examiner~y2009m10d26-Benjamin-Fulford-propagates-outrageous-lies-about-Queen-Elizabeth-II Tim Barello tbarello599 4 4 0 0 Andy Xie: Central Banks, Arsonists and Playing with Fire urn:com:businessweek:bx:article:6135627009278270788-2d8c6a3fad405bb17e7973b38983fea4 2009-10-28T10:04:50.421-04:00 Is money demand efficient? The answer could help decide what's best for monetary policy. Moreover, as financial institutions have demanded more money to support their leverage, money demand efficiency has become equivalent to financial system efficiency. Is money demand efficient? The answer could help decide what's best for monetary policy. Moreover, as financial institutions have demanded more money to support their leverage, money demand efficiency has become equivalent to financial system efficiency. english.caijing.com.cn http://english.caijing.com.cn/2009-10-28/110296451.html Henry Blodget hblodget186 2 2 0 0 The French Retailer That's Eating Wal-Mart's Lunch In China urn:com:businessweek:bx:article:911640578537243781-c414a834ba4a33953ff48c882efc0ee6 2009-10-26T10:08:34.090-04:00 Wal-Mart's glory days in the US are gone, but many figure that the big-box retailer will experience a second adolescence in China, selling goods to a burgeoning middle class. Wal-Mart's glory days in the US are gone, but many figure that the big-box retailer will experience a second adolescence in China, selling goods to a burgeoning middle class. businessinsider.com http://www.businessinsider.com/the-french-retailer-thats-eating-wal-marts-lunch-in-china-2009-10 Henry Blodget hblodget186 3 3 0 0 A grainy video surveillance urn:com:businessweek:bx:article:958522832157291977-4e90fc52e9c2ea0c628118c32154419e 2009-02-20T13:16:24.062-05:00 A grainy video surveillance image from above a doorway shows a man wearing a baseball cap entering a Moscow apartment building. The time, measured by a flickering red chronometer, is 16:01 on October 7 2006. Ten minutes later, a grey-haired... A grainy video surveillance image from above a doorway shows a man wearing a baseball cap entering a Moscow apartment building. The time, measured by a flickering red chronometer, is 16:01 on October 7 2006. Ten minutes later, a grey-haired... ft.com http://www.ft.com/cms/s/0/1f3f76b0-fded-11dd-932e-000077b07658.html Maharshi Patel mpatel543 105 105 0 0 K1 Hedge Fund Snared in Probe as Barclays, JPMorgan Face Losses urn:com:businessweek:bx:article:16024867194202091881-ad55c73dd5f2269a2d796ccf0bd71370 2009-10-28T10:00:48.687-04:00 JPMorgan, Barclays, BNP Paribas, and other banks may have lost some $400 million because of wrongdoing at K1 Group, a German hedge fund firm. JPMorgan, Barclays, BNP Paribas, and other banks may have lost some $400 million because of wrongdoing at K1 Group, a German hedge fund firm. bloomberg.com http://www.bloomberg.com/apps/news?pid=20601087&sid=aI5FWGQAtTBc Henry Blodget hblodget186 1 1 0 0 The Owner Of 'Politico' Is Going After The 'Post.' Again. urn:com:businessweek:bx:article:3378353632262504835-54da1b79b466c6801ec456e862eecda1 2009-10-28T10:20:02.173-04:00 Politico owner Robert Allbritton is planning to launch a local Washington D.C news website, TNR has learned. In his most direct challenge to The Washington Post since launching Politico, Allbritton is putting former Washingtonpost.com editor Jim Brady in charge of the new Metro site, sources said. Politico owner Robert Allbritton is planning to launch a local Washington D.C news website, TNR has learned. In his most direct challenge to The Washington Post since launching Politico, Allbritton is putting former Washingtonpost.com editor Jim Brady in charge of the new Metro site, sources said. tnr.com http://www.tnr.com/blog/the-plank/the-owner-%E2%80%98politico%E2%80%99-going-after-the-%E2%80%98post%E2%80%99-again Henry Blodget hblodget186 0 0 0 0 Norway Lifts Benchmark Rate, Signals More Increases urn:com:businessweek:bx:article:15458913584741588645-b876adc32d0aba0c4e587d6e3e831d7d 2009-10-28T09:59:16.736-04:00 Norges Bank raised its key interest rate a quarter point from a record low and signaled steeper increases than it previously forecast over the next three years as inflation accelerates and unemployment remains low. Norges Bank raised its key interest rate a quarter point from a record low and signaled steeper increases than it previously forecast over the next three years as inflation accelerates and unemployment remains low. bloomberg.com http://www.bloomberg.com/apps/news?pid=20601087&sid=a3gsUMbE.weA Henry Blodget hblodget186 0 0 0 0 British Bank Regulator Slaps Industry urn:com:businessweek:bx:article:14819692760490192027-87b0ba42e151ba447892794769c31f5c 2009-10-21T18:21:02.112-04:00 The Governor of the Bank of England launched a stinging attack on the behaviour of the banking industry last night, just hours before a leading economic think-tank prepared to publish figures showing the total bonus payouts to City workers in... The Governor of the Bank of England launched a stinging attack on the behaviour of the banking industry last night, just hours before a leading economic think-tank prepared to publish figures showing the total bonus payouts to City workers in... BusinessWeek http://www.businessweek.com/globalbiz/content/oct2009/gb20091021_481360.htm Andy Reinhardt areinhardt626 2 2 0 0 Europe's New Wave of Toxic Debt urn:com:businessweek:bx:article:12687149484552112786-9535dcb737e0401e7c762d165516f84e 2009-02-10T11:10:18.455-05:00 More toxic debt soon could come crashing through the global financial system. The surprising source: Europe Inc. Once-stodgy Old World companies, from cement makers to phone operators to chemical companies, went on an unprecedented borrowing spree... More toxic debt soon could come crashing through the global financial system. The surprising source: Europe Inc. Once-stodgy Old World companies, from cement makers to phone operators to chemical companies, went on an unprecedented borrowing spree... BusinessWeek http://www.businessweek.com/globalbiz/content/feb2009/gb2009025_570032.htm?chan=globalbiz_europe+index+page_companies Carol Matlack cmatlack069 73 73 0 0 Deutsche Bank: Profits Up, Stock Down urn:com:businessweek:bx:article:14650752547287593595-455b5343e147094e4759f36d6a40e8d3 2009-10-21T18:19:47.747-04:00 ) surprised investors Oct. 21 with better-than-expected profit for the third quarter, bolstering the bank's claim that it will emerge from the financial crisis stronger than European competitors. But, perhaps wary of continued economic risks and... ) surprised investors Oct. 21 with better-than-expected profit for the third quarter, bolstering the bank's claim that it will emerge from the financial crisis stronger than European competitors. But, perhaps wary of continued economic risks and... BusinessWeek http://www.businessweek.com/globalbiz/content/oct2009/gb20091021_291769.htm Andy Reinhardt areinhardt626 0 0 0 0 4 Ways To Profit From A Strong German Economy urn:com:businessweek:bx:article:13049400195002267189-408b7b9c690e1e5ed7d16cfddb3135ee 2009-01-21T15:20:08.331-05:00 Germany’s relative fiscal restraint during this crisis should make it an attractive option for investors, says Martin Hutchinson. The EU’s strongest economy will likely emerge as a safe haven in the post-recovery world. Martin recommends four ways to profit from this trend. Germany’s relative fiscal restraint during this crisis should make it an attractive option for investors, says Martin Hutchinson. The EU’s strongest economy will likely emerge as a safe haven in the post-recovery world. Martin recommends four ways to profit from this trend. contrarianprofits.com http://www.contrarianprofits.com/articles/4-ways-to-profit-from-a-strong-german-economy/11409 Contrarian Profits cprofits175 72 72 0 0 When Innovation Goes Wrong urn:com:businessweek:bx:article:15027988222877944204-09bde1f9759176939516a34a0ef02969 2009-10-12T09:03:56.865-04:00 Ever since innovation became the buzzword du Jour, a lot of people seem to have lost their ability to tell smart ideas from stupid ones. Case in point: the financial "innovations" (read: stunningly stupid loan products) that kicked off the... Ever since innovation became the buzzword du Jour, a lot of people seem to have lost their ability to tell smart ideas from stupid ones. Case in point: the financial "innovations" (read: stunningly stupid loan products) that kicked off the... business-strategy-innovation.com http://www.business-strategy-innovation.com/2009/10/when-innovation-goes-wrong.html Braden Kelley bkelley034 1 1 0 0 Is Hungary's Head in the Sand? urn:com:businessweek:bx:article:5960033340163979582-4c3e86e64f9bdbd9c3302ade303c92e0 2009-10-19T18:48:28.780-04:00 Winston Churchill's adage about how Americans always do the right thing once they have exhausted every other opportunity may apply in Central Europe, too. Hungarian governments, for one, while generally mediocre or worse, tend to do OK when crises... Winston Churchill's adage about how Americans always do the right thing once they have exhausted every other opportunity may apply in Central Europe, too. Hungarian governments, for one, while generally mediocre or worse, tend to do OK when crises... BusinessWeek http://www.businessweek.com/globalbiz/content/oct2009/gb20091016_845040.htm Andy Reinhardt areinhardt626 0 0 0 0 Iceland to Pay Back Lost Deposits urn:com:businessweek:bx:article:16384109746366907357-eef5489dc0457a72b3bbf36452d82230 2009-10-19T17:34:40.905-04:00 Iceland has reached a deal to pay back the UK and Dutch governments the roughly €4 billion lost when its financial sector crumbled a year ago. The thorny issue has held up badly needed funding from the International Monetary Fund and also threatened... Iceland has reached a deal to pay back the UK and Dutch governments the roughly €4 billion lost when its financial sector crumbled a year ago. The thorny issue has held up badly needed funding from the International Monetary Fund and also threatened... BusinessWeek http://www.businessweek.com/globalbiz/content/oct2009/gb20091019_928028.htm Andy Reinhardt areinhardt626 0 0 0 0 Spain's property crash urn:com:businessweek:bx:article:927945388737267070-12f4fe820898dca694cacd5f5956d5ed 2008-12-07T12:32:17.884-05:00 The prime minister, José Luis Rodríguez Zapatero, has his eye fixed on unemployment, which rose by over 40% on a year ago to hit almost 3m in November. Spain has Europe’s biggest unemployment crisis. The government’s latest €11 billion emergency boost is meant to create 300,000 more jobs. But it will not push up property prices. For years Spaniards have grumbled about exorbitant house prices. The market is sorting that one out, at least. The prime minister, José Luis Rodríguez Zapatero, has his eye fixed on unemployment, which rose by over 40% on a year ago to hit almost 3m in November. Spain has Europe’s biggest unemployment crisis. The government’s latest €11 billion emergency boost is meant to create 300,000 more jobs. But it will not push up property prices. For years Spaniards have grumbled about exorbitant house prices. The market is sorting that one out, at least. economist.com http://www.economist.com/world/europe/displaystory.cfm?story_id=12725415 Abhishek Pulakanti apulakanti191 87 87 0 0 European Finance: The Big Thaw urn:com:businessweek:bx:article:7964514321439038969-04debaee8bd3eced11dfe3fa8d4c41f4 2009-10-14T18:38:18.633-04:00 The chief financial officers at some of Europe's largest firms have had a busy few months. Since markets started to recover in early summer, executives from companies including German retailer Metro (MEOG.DE) and Anglo-Australian miner Rio Tinto... The chief financial officers at some of Europe's largest firms have had a busy few months. Since markets started to recover in early summer, executives from companies including German retailer Metro (MEOG.DE) and Anglo-Australian miner Rio Tinto... BusinessWeek http://www.businessweek.com/globalbiz/content/oct2009/gb20091014_424851.htm Andy Reinhardt areinhardt626 2 2 0 0 Russia and the Global Economic Crisis urn:com:businessweek:bx:article:15382553859985838540-609d26c47dc04ad8b5ac86b22f3fab1c 2008-12-04T03:44:17.536-05:00 Any international economic crisis afflicts different countries in different ways, but an unfortunate few experience every painful dimension of it. In the current crisis, Russia is confronting virtually all the negatives at once--sharply declining..at once--sharply declining export earnings from energy and metals, over-leveraged corporate balance sheets and a chorus of bailout appeals, a credit crunch and banking failures, a bursting real-estate bubble and mortgage defaults, accelerating capital flight, and unavoidable pressures for devaluation. . Any international economic crisis afflicts different countries in different ways, but an unfortunate few experience every painful dimension of it. In the current crisis, Russia is confronting virtually all the negatives at once--sharply declining..at once--sharply declining export earnings from energy and metals, over-leveraged corporate balance sheets and a chorus of bailout appeals, a credit crunch and banking failures, a bursting real-estate bubble and mortgage defaults, accelerating capital flight, and unavoidable pressures for devaluation. . cfr.org http://www.cfr.org/publication/17844/russias_economic_roller_coaster.html?breadcrumb=%2F Rose Brady rbrady045 70 70 0 0