A political row in Britain over fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the previous Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2008.
The Conservative-led coalition, trailing in opinion polls, has tried to pin part of the blame for the rate-fixing by bank traders on the government of former Labour Prime Minister Gordon Brown, questioning whether it directly or indirectly sanctioned the manipulation.
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Showing posts with label News. Show all posts
Showing posts with label News. Show all posts
US electric car market full of spark
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Markets Overnight,
News
The US market for all-electric cars is charging up, with plug-in vehicles rolling off US dealer lots despite much higher costs, battery fire scares and falling gasoline prices.
Plug-in cars racked up strong sales in the first six months of the year, automakers said, even with their tall sticker prices and lifetime operating costs up to $6,000 more than conventional gasoline-run vehicles.
General Motors reported it sold more of its $39,000 Chevrolet Volts in the first six months than it did in all of last year, with 1,760 of the cars delivered to buyers in June.
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Plug-in cars racked up strong sales in the first six months of the year, automakers said, even with their tall sticker prices and lifetime operating costs up to $6,000 more than conventional gasoline-run vehicles.
General Motors reported it sold more of its $39,000 Chevrolet Volts in the first six months than it did in all of last year, with 1,760 of the cars delivered to buyers in June.
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Italian banks resilient to Spanish risks-UniCredit
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Market Update,
News
Italian banks are strong and there is no need to fear possible contagion from the troubles of Spain's banking sector, the general manager of Italian bank UniCredit (UCG.MI) said on Saturday.
Euro zone finance ministers meet to discuss a bailout of Spain's banks on Saturday, although officials have sought to emphasise that the Spanish troubles
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Euro zone finance ministers meet to discuss a bailout of Spain's banks on Saturday, although officials have sought to emphasise that the Spanish troubles
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Wall Street Week Ahead: Spain aid deal calms Europe fears
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News
U.S. stocks will get a lift on Monday after euro zone finance ministers agreed to lend Spain up to 100 billion euros ($125 billion) to help its battered banks.
The surprisingly large amount of aid removes a huge cloud that has been hanging over financial markets, with investors fearing that a banking crisis in euro zone's
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The surprisingly large amount of aid removes a huge cloud that has been hanging over financial markets, with investors fearing that a banking crisis in euro zone's
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3 Signs You’re Gambling, Not Investing!
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News
3 Signs You’re Gambling, Not Investing!. Never has there been a time in market history when more people who think of themselves as investors were actually gambling with their money. From Wall Street to Main Street the lines are blurry.
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Central Banks Will Fuel Gold to $2,000 This Year Says Kilburg
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News
Central Banks Will Fuel Gold to $2,000 This Year Says Kilburg. It was a prospect that was as hoped for as it was feared: a coordinated global effort by the world's central banks to rescue Europe and save the world. The Armageddon play. The Hail Mary. The desperate measures turned to in the world's time of economic crisis.
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Europe works on new euro zone bond plan
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News
Europe works on new euro zone bond plan. German news magazine Der Spiegel reported on Saturday that leaders of European institutions are working on a comprehensive plan to rescue the euro that would include the issuance of joint euro bonds - a move Germany has repeatedly rejected.
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Free Online Bingo Games
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News
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