#1 Fresh Live Leads : EST 2006
AP - The Chinese government is stirring trade tensions with Washington with a plan to require foreign computer security technology to be submitted for government approval, in a move that might require suppliers to disclose business secrets.
AP - Economic meltdown and financial crisis are not phrases you want to hear as you ponder your holiday shopping. But it is possible to find tech-related gifts on a recession-minded budget, be they handy, entertaining or irreverent.
AP - U.S. shipments of personal computers are expected to drop nearly 3 percent next year, while demand in much of the rest of the world will slow down quickly as the financial crisis spreads, research firm IDC said Wednesday.
Reuters - The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they [...]
Robert Shiller , a well-known economist and professor at Yale University, said the ongoing financial crisis could last for years. He said blaming monetary policy for the crisis is simplistic and misleading, and called for three solutions to prevent a…(read more)
Reuters - China warned on Thursday its economic downturn could threaten stability and pressure grew on the European Central Bank to make a big cut in interest rates to help contain the global financial crisis.
Reuters - President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis — appointments which should bring some cheer to world markets
Reuters - U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.
Reuters - U.S. banking regulators seized California banks Downey Savings and Loan and PFF Bank & Trust late Friday as the housing crisis claimed two more victims from the financial crisis.
Reuters - The financial crisis that has engulfed many top banks is spiraling into a broader economic crisis that has yet to peak, International Monetary Fund’s top economist Olivier Blanchard told a Swiss newspaper on Saturday.
It would be a real voyage back to the future if President-elect Obama were to pick the next candidate as his new Secretary of the Treasury. However, Paul Volcker is a fearless man who took on another looming financial crisis some 25 years ago and beat…(read more)
Speaking at a panel discussion at the European Central Bank,
Fed Chairman Ben Bernanke is said that while monetary
policy has not resolved the financial market crisis, global policy-makers
stand ready to take further measures if needed.
“The current financial crisis and global economic slowdown likewise
have been an occasion for unprecedented international policy
coordination, within Europe but also globally,” [...]
Reuters - Leaders of the world’s biggest economies sought on Saturday to settle their remaining differences over an emergency plan to blunt the bite of the worst financial crisis in decades.
Reuters - Treasury Secretary Henry Paulson said on Friday recapitalizing banks is the most effective use of a $700 billion financial bailout war chest, but acknowledged the U.S. reputation is tarnished as a result of the financial crisis that has spread around the world.
Reuters - As world leaders headed to Washington for a weekend summit on the global financial crisis, the United States made a pitch for modest reforms instead of the stiffer regulation that some European countries favor.
Reuters - Asian shares fell on Thursday to their lowest this month on uncertainty about the U.S. Treasury’s banking rescue plan and signs the global financial crisis biting deeper in Asia.
Reuters - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration.
Reuters - Investors get a first glimpse of the likely shape of the new global financial system this week as finance chiefs prepare for a summit of world leaders fighting the worst world financial crisis in 80 years.
Reuters - Hong Kong-based consumer goods exporter Li & Fung Ltd (0494.HK) has imposed a hiring freeze, will lay off some employees and reduce travel and other expenditure due to the global financial crisis.
Some people blame a fair-lending law for the mortgage and global financial crisis. Evidence shows otherwise.
Reuters - Retail chains posted the worst October sales results in more than three decades as consumers cut spending sharply, stunned by a financial crisis that has derailed the U.S. economy.
Reuters - Retail chains posted the worst monthly sales data in this decade as consumers stunned by a financial crisis that has derailed the U.S. economy cut spending sharply in October.
Reuters - Major retail chains posted disappointing October sales as consumers, stunned by a financial crisis that threatened to derail the U.S. economy, shunned all but the most crucial of purchases.
Reuters - Japan’s Toyota Motor Corp (7203.T) more than halved its profit forecasts, saying annual net earnings will plunge to a 9-year low as a financial crisis batters demand for its cars, cuts access to credit and sends the yen higher.
Reuters - Vanishing jobs and slumping markets confronted Barack Obama on the first day after his historic election as U.S. president, escalating pressure for urgent action to curb the world’s relentless financial crisis.
