Monday, January 28, 2008
Europe trades sharply lower, again http://www.marketwatch.com/news/story/stocks-europe-start-week-another/story.aspx?guid=%7BA8AF33EA%2D4DAC%2D4099%2DA2EF%2D3B29C65C363A%7D&dist=TNMostRead More ups and downs expected for stock markets http://www.news1130.com/news/business/article.jsp?content=b012813A Economy woes batter global stocks http://www.reuters.com/article/topNews/idUSL2545612820080128
January 27, 2008
Isabel Oakeshott, Deputy Political Editor
MPs are being asked to vote on the revised EU treaty without key information about the powers it will create, a leaked document suggests. The paper, from the office of the president of the EU, reveals that matters such as the possibility of a European army and the powers of an EU president will not be determined until after the revived constitution has been pushed through. O’Brien said: “Once the treaty is ratified, there’ll be no going back . . . MPs would effectively be signing a blank cheque to the EU if they ratify this without a referendum.”
Read all - http://www.timesonline.co.uk/tol/news/politics/article3257641.ece
Saturday, January 26, 2008
Last Updated: 11:55pm GMT 25/01/2008
Gordon Brown has caused anger among MPs by trying to cut in half the amount of time Parliament will have to debate the EU Reform Treaty. Mr Brown has repeatedly said there is no need for a referendum on the treaty, the successor to the abandoned European Constitution, because... The outcry among MPs comes as a YouGov poll for The Daily Telegraph found that 64 per cent now believe there should be a referendum on the EU treaty, with 42 per cent saying they would vote no.
Following Bush's definitive speech about Iran shortly after the NIE (National Intelligence Estimate), the following analysis is revelant about Muslim "Jihadists" (fighers for Islam) and the threat they pose: Read all - http://www.israelenews.com/view.asp?ID=766
Friday, January 25, 2008
EU diplomats are to start work in the coming days on clearing up the loose ends in the new EU treaty so that it can come into force without any technical glitches once it has been ratified. Read more - http://euobserver.com/9/25489 The EU's new Lisbon Treaty was officially signed in the Portuguese capital in December 2007 (Photo: Portuguese EU Presidency)
Tuesday, January 22, 2008
TOKYO - Global stock markets extended their slide for a second day Tuesday, plunging amid fears that a possible U.S. recession will cause a worldwide economic slowdown.
"The end to the slides in Asian stocks is nowhere in sight," he (Noritsugo Hikarawa) said. "There is even speculation that China may be exposed to the U.S. subprime mortgage crisis."
Read full report:http://news.yahoo.com/s/ap/20080122/ap_on_bi_ge/world_markets;_ylt=AipJOmbIGD6m0bhdA7cWKfes0NUE
By ninemsn staffwith wires
... fears over a global recession and forced selling in the market today could wipe out all of 2007's gains on the ASX. Global warnings International Monetary Fund head Dominique Strauss-Kahn warned Monday that the global economic situation in the wake of a US slowdown was "serious" and could impact the world's emerging economies.
"The situation is serious... all the world's countries are suffering from the slowdown in growth in the United States, at least all developed countries," Strauss-Kahn told reporters after talks with French President Nicolas Sarkozy.
http://news.ninemsn.com.au/article.aspx?id=369549 Stock markets plunge worldwide
By TOBY ANDERSON, AP Business Writer http://news.yahoo.com/s/ap/20080121/ap_on_bi_ge/world_markets;_ylt=AvzNvffF1_lM1Ds5USl8Swes0NUE
Saturday, January 19, 2008
TORONTO - Stock markets sustained more losses Friday, capping a dreadful week where North American indexes shed hundreds of points and surrendered the last of 2007 gains, as investors held out little hope that an economic stimulus plan outlined by U.S. President George W. Bush can keep the American economy from recession Tebbutt adds it's hard to see what could turn markets around at this point. http://www.news1130.com/news/business/article.jsp?content=b0118117A Bond-insurer woes may trigger more write-downs
By Alistair Barr, MarketWatch
Last update: 6:08 p.m. EST Jan. 18, 2008
SAN FRANCISCO (MarketWatch) -- Just when you thought it was over, trouble in the $2.3 trillion bond-insurance business could trigger another wave of big write-downs from banks and brokerage firms,
Friday, January 18, 2008
While the chairman of the Federal Reserve told Congress on Thursday that a recession can be averted, Wall Street sent Washington a different message: It's already here...
Bush offers urgent deal to shore up U.S. economy
By Edmund L. Andrews
Published: January 18, 2008
Fri Jan 18, 2008 8:04am EST
By Pedro Nicolaci da Costa - Analysis NEW YORK (Reuters) - The U.S. housing market crash has exposed the mortgage industry's suspect lending standards, and investors now fear credit cards, car loans, and student debt could be the next sectors to...";
Asian stocks tumble on Wall St lead - http://www.news.com.au/business/story/0,23636,23071597-31037,00.html
Gold falls after rollercoaster ride - http://www.news.com.au/business/story/0,23636,23071674-31037,00.html
Super funds lose $55bn as shares crash - http://www.news.com.au/business/money/story/0,25479,23070755-5013954,00.html
MFS loses 76 per cent of value - http://www.news.com.au/business/story/0,23636,23071830-31037,00.html
Stocks sink for 10th straight day - http://www.news.com.au/business/story/0,23636,23072076-31037,00.html
January 18, 2008 05:12pm
Australia's share market is now in its tenth consecutive day of negative trading. It comes on the heels of another horror session in Wall Street overnight...
The US outlook is bleak after the country’s major banks have reported multi-billion dollar losses following the sub-prime mortgage crisis. Al Goldman, at AG Edwards, said the prospect of recession was still the main fear for Wall Street.
"Concerns about a possible recession and its impact on corporate earnings remain the major problems overhanging investor emotions," he said...
"A recession, which we continue to believe is the most likely economic scenario, will have a big negative impact on corporate earnings" ...
Full report - http://www.news.com.au/business/story/0,23636,23071103-462,00.html
More Heavy Falls on Wall Street Overnight and Investor Uncertainty Over a Possible Global Economic Meltdown.
"At the moment all the confidence has gone out of the market and while there is still some value in our companies we are not immune to the day by day declines in the US.
"Normally you have buyers with the sellers but because of the US no one wants to dive into the market and liquidity is at a low as well.'' Full article - http://www.news.com.au/story/0,23599,23071445-1702,00.html
Thursday, January 17, 2008
Wednesday, January 16, 2008
AP - HONG KONG -
Asian markets plunged Wednesday on growing speculation the U.S. economy — a vital export market — is sliding into a recession that could lead to a global slowdown.
Read all - http://news.yahoo.com/s/ap/20080116/ap_on_bi_ge/world_markets;_ylt=AujYd4oh_b51M2_aP3qq_riyBhIF
Dow, Nasdaq and S&P 500 fall to more than 9-month lows on Citigroup's almost $10 billion loss and a weak Dec. retail sales report. Intel earnings and forecast disappoint after the bell.
By Alexandra Twin, CNNMoney.com senior writer
January 15 2008: 6:55 PM EST
European shares slide, London FTSE 100 below 6,000 points
NEW YORK (CNNMoney.com) -- Stocks tumbled Tuesday after Citigroup's steep quarterly loss and a big drop in retail sales exacerbated fears of a recession
1 hour, 4 minutes ago
LONDON (AFP) - Europe's main stock markets extended losses in early trade on Wednesday amid widespread gloom over the US economy, with London's leading index below 6,000 points for the first time since mid-August.
US recession fears hammer Asian stocks
By Lindsay Whipp in Tokyo 2 hours, 12 minutes ago
Stock markets tumbled across Asia on Wednesday and the dollar fell to a 2½-year low against the yen amid heightened fears that the US is falling into a recession
More Economy News on Yahoo:
Tue Jan 15, 4:19 PM ET
NEW YORK - Fresh signs emerged Tuesday that the U.S. economic slowdown may be intensifying, increasing the odds of a recession: http://news.yahoo.com/s/ap/20080115/ap_on_bi_go_ec_fi/economy_glance;_ylt=Au2KSeKYeYjJLxvvatZOOaPv5rEF
Tue Jan 15, 1:45 PM ET
LONDON (AFP) -
Dollar under pressure as market bets on big US rate cut. The dollar came under heavy pressure Tuesday, falling against the euro to near record lows on the view that sharp cuts to US interest rates will be needed to keep the US economy on track, dealers said.
Japan stocks seen falling on U.S. economy worries
Tue Jan 15, 2008 6:21pm EST
European shares drop as US worries hit banks, techs
Wednesday January 16 2008
Global shares dive on US recession fears
Tuesday, January 15, 2008
LONDON - Britain must keep a leading role in the Europe Union - and drive forward economic reforms in the bloc - to ride out global turbulence in the financial markets, the prime minister said Monday.
Gordon Brown stressed the importance of Europe to the British economy, responding to political opponents who accuse him of surrendering powers to Brussels by signing a treaty last month that simplified how the 27-country EU is run. Full article - http://canadianpress.google.com/article/ALeqM5jE5Qwq82RSRpZWsVH_eqfwzbOiRg
Monday, January 14, 2008
The Eu Military flexes its muscles:
Friday, January 11, 2008
Last Updated: 1:18am GMT 11/01/2008
The world is facing the most potent cocktail of economic and political risks for a decade in the wake of the credit crisis, an authoritative report has warned. Track all the news from Davos as it happens later this month A potential recession in the US and the knock-on effects of a collapse in asset prices, such as housing and shares, could throw the world economy into chaos, says a study from the World Economic Forum. Full Article http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/01/10/cnforum110.xml
Wednesday, January 9, 2008
The pessimistic scenario triggered by a much deeper crisis in the US housing and mortgage markets and a hard landing of the dollar would project an outright recession in the US and a deceleration of world economic growth to 1.6 per cent this year, says the report
Full report: http://www.gulf-daily-news.com/Story.asp?Article=205151&Sn=BUSI&IssueID=30295
Saturday, January 5, 2008
Analysts said the data indicated the economic slowdown may be worse than feared, even though it could likely support the argument for further Federal Reserve interest rate cuts Full report: http://www.reuters.com/article/usMktRpt/idUSN0431133320080104
January 5, 2008 The omens are not good. The credit squeeze could worsen and the housing market crash could push the United States into recession
Gary Duncan, Economics Editor
The West’s big economies have entered 2008 in a state of high anxiety. On both sides of the Atlantic, a dangerous storm front of economic woes has been building since the late summer. Now the fear is that this storm will soon break with ferocity across the developed world, battering national and individual fortunes and confronting industrial countries with their worst downturn since the recessionary squalls at the turn of the decade. Full report: http://business.timesonline.co.uk/tol/business/economics/article3134515.ece
Wednesday, January 2, 2008
Warning: David Cameron
David Cameron has given his clearest commitment yet to tearing up the revised EU Constitution if he wins power, even if it has been signed. We think the treaty is wrong because it passes too much power from Westminster to Brussels.
'We would address that issue at the time.' Full report: http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=505286&in_page_id=1766&ito=1490 Also: http://www.telegraph.co.uk/news/main.jhtml?view=DETAILS&grid=&xml=/news/2007/12/31/npols331.xml
Our neighbor Cyprus, together with Malta, adopted the euro on Tuesday, bringing to 15 out of the 27 EU countries and a population of 320 million out of the EU's total of 495 million that share the same currency. 2008 will mark the second enlargement of the euro area since 2002 - Slovenia having already adopted the single currency on January 1, 2007...
Why euro? The benefits of the euro are diverse and are felt on different scales, from individuals and businesses to national economies and the European Community at large,...
On the other end, a national currency is one of the things that define a character of a nation. A common currency weakens the independence of each member state, which is part of the euro. Full report: http://www.jpost.com/servlet/Satellite?cid=1198517270186&pagename=JPost%2FJPArticle%2FShowFull
Tuesday, January 1, 2008
Speaking to the Daily Mail, Mr Cameron said: "While this treaty is still being debated and other countries are having referendums or whatever, it's still open for Britain to have a referendum. Let's focus on the need for a referendum now.
"If we reach circumstances where the whole treaty has been not only ratified but implemented, that is not a situation we would be content with.
"We wouldn't let matters rest there. "We think the treaty is wrong because it passes too much power from Westminster to Brussels. We would address that issue at the time."
But Mr Murphy said: "... The Tories' position would lead ultimately to the disaster of Britain's withdrawal from the EU, and in the meantime would be a recipe for years of uncertainty and instability that would be damaging to British business, British jobs and British prosperity."
Full coverage : The Press Association http://ukpress.google.com/article/ALeqM5i33mqL39x8Nsi6I2TYkxUGeyIRPQ
David Cameron in strong signal on EU treatyTelegraph.co.uk - Dec 30, 2007
David Cameron: I'll tear up the EU treaty even if it has been signedThis is London - Dec 30, 2007
By LISA PALMIERI-BILLIG, JERUSALEM POST CORRESPONDENT Rome
The Vatican Secretary of State, Cardinal Tarcisio Bertone, expressed the Roman Catholic Church's frustration with a standstill of many years in negotiations with Israel to ease the visa process for priests and nuns traveling to Israel, as well as on other issues.
His comments, slated to appear in the January 6 issue of Italy's largest circulation Catholic magazine, Famiglia Cristiana, come on the heels of other exasperated comments by leading Curia (Holy See administration) officials - as reported in The Jerusalem Post on December 24.
"We are committed to an intense dialogue, but unfortunately we do not obtain solutions to many concrete problems," said Cardinal Bertone, "such as the right to property, visas, etc. Our religious personnel in the Holy Land is not granted visas and yet it cannot be said that they are a threat to security. This is a closure that prevents us from carrying out our activity with serenity."
He asserted that while one must take into account "the problem of security in Israel," this "must not be transformed into a negative attitude towards the members of the Catholic Church, which has done so much in the past 15 years, both towards normalizing relations with Israel and towards improving the [Church's] understanding of Judaism."
Bertone said "the Custodian of the Holy Land, Father Pizzaballa, has pointed out that pilgrims from all over the world contribute to creating a more fair image of the state of Israel. The pilgrims to the holy places, moreover, enrich Israel. This year they were more numerous than during the Holy Year of 2000.
"At times, it seems to us that Israel does not evaluate all this properly and adequately."