Japan registers trade deficit
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Euro ministers to decide direct bank recapitalisation rules on Thursday

Source: Reuters  |   Jun 19 2013, 8:19pm CDT

* Ministers to set cap on how much ESM can spend on recapitalisation * Talks to finalise government contribution, bank eligibility criteria * ESM guidelines talks linked to negotiations on bank wind-up law BRUSSELS, June 20 (Reuters) - Euro zone financ ...

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Dollar Rallies after Feds Bernanke Lays Out Taper Timetable

Source: DailyFX  |   Jun 19 2013, 8:00pm CDT

Japanese Yen: The Bank of Japan’s Troubles Just Doubled Euro: Cyprus Backtracks on Bailout Revamp, Troika to Drop IMF? British Pound: Incoming BoE Governor has a Lot to Digest New Zealand Dollar Stumbles after 1Q GDP Miss Swiss Franc Safe Have ...

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NRI lawyer wins Iran bank case in British Supreme Court (With Image)
NRI lawyer wins Iran bank case in British Supreme Court (With Image)
London/Mumbai, June 19 (IANS) Mumbai-born Parsi lawyer Sarosh Zaiwala Wednesday notched a remarkable success in a bank case in the British Supreme Court, with major ramifications on the international banking system, an official said.
 
Over 8,000 held for food crimes in China
Over 8,000 held for food crimes in China
Beijing, June 19 (IANS) More than 8,200 people have been arrested in China since a crackdown on food safety crimes was launched in January, authorities said Wednesday.
 
Bharti Airtel to invest $125 mn in Gabon
Bharti Airtel to invest $125 mn in Gabon
Libreville (Gabon), June 19 (IANS) India's Bharti Airtel will invest $125 million more in Gabon to develop the communications network in the central African country.
 
 

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SNB seen sticking with franc cap, rates policy at quarterly meet

Source: Reuters  |   Jun 19 2013, 7:46pm CDT

* Bank expected to leave current policy unchanged ZURICH, June 20 (Reuters) - The Swiss National Bank will reaffirm its commitment to defend its lid on the safe-haven franc on Thursday, as a weaker currency and a recovering economy gives the ba ...

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Kenny urges breaking of link between bank and sovereign debt

Source: Irish Times  |   Jun 19 2013, 7:27pm CDT

Taoiseach Enda Kenny launches The Case for Investing in Europe 2013 report at the Merrion Hotel in Dublin. Photograph: Niall Carson/PA Taoiseach Enda Kenny has urged European leaders to deliver on their pledge to break th ...

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After the Fed—What's the Market's Next Move?

Source: CNBC  |   Jun 19 2013, 6:44pm CDT

Trading could remain volatile Thursday, after global markets react to the moves in the U.S. and PMI data in China and the euro zone. U.S. stock futures were only slightly changed in evening trading Wednesday. Because Bernanke re-emphasized t ...

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UK’s economy is ‘out of intensive care’ says George Osborne

Source: Daily Express  |   Jun 19 2013, 6:42pm CDT

Osborne is determined to put the economy right The Chancellor used his annual speech to the City of London at the Mansion House to deliver his most upbeat assessment of the financial outlook since the 2008 cras ...

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CLARCOR Reports Record Second Quarter Diluted Earnings Per Share

Source: Street Insider  |   Jun 19 2013, 5:31pm CDT

Unaudited Second Quarter 2013 Highlights(Amounts in millions, except per share data and percentages) CLARCOR Inc. (NYSE: CLC) reported that its diluted earnings per share increased 1% from the second quarter of 2012 to a record se ...

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Who Suffers When Banks Fail? It Depends

Source: Wall Street Journal  |   Jun 19 2013, 5:07pm CDT

By Gabriele Steinhauser Europe is crafting new rules for winding down struggling banks that are meant to avoid any more expensive, taxpayer-funded bailouts as well as the financial panics triggered by surprise losses, such as those suffered by savers ...

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