|
Carbon trading sector still buoyant
|
The market in greenhouse gas emissions showed surprising growth last year, despite the financial crisis and depressed prices
|
|
Europe dithers over German short selling ban
|
More than a week after Germany stunned global financial markets with a shock ban on naked short selling, Europe is still talking about it
|
|
Bund auction fails amid eurozone fears
|
A German five-year bond auction failed for the first time since September 2008 in a fresh sign of the crisis in the eurozone debt markets
|
|
Beware increase in interbank lending rates
|
The recent increase in interbank lending rates is clearly not good news for the global economy, says Laurence Mutkin at Morgan Stanley
|
|
BBVA squeezed out of US funding
|
The Spanish bank did not renew €1bn in short-term funding in the US commercial paper market because of rising interest rates in the latest sign of the pressure facing eurozone banks
|
|
Italy
|
By the standards of other Club Med countries, the scale of the measures is modest
|
|
Crises trigger global flight from risk
|
Korean tensions add to concerns about European sovereign debt and strength of the global recovery that have convulsed financial markets
|
|
Berlin poised to extend short selling ban
|
The German government is planning to ban the naked short selling of all German stocks listed on the country's exchanges, a sweeping enlargement of last week's contentious bar on the naked short-selling of key financial stocks
|
|
Spain suffers debt auction struggle
|
Investors worry that an expected auction of Portuguese bonds could also suffer as fears over the financial crisis in Europe spread
|
|
Termination fees rise on US muni swaps
|
US states and municipalities face rising costs to unwind risky derivatives, potentially scuttling widespread efforts to withdraw from these deals
|
|
Flight to safety pulls down sovereign yields
|
Fears at the start of the year about massive government issuance to pay for huge budget deficits in the US and UK have been set to one side, at least for now
|
|
UK GDP growth revised upwards to 0.3%
|
The economy grew faster than originally thought in the first quarter of the year but analysts warned that growth was too reliant on temporary factors and inflation was worryingly high
|
|
US judge freezes Argentina assets
|
A US judge freezes $2.43bn of Argentine assets in the US at the behest of class-action plaintiffs, dealing a blow to Argentina as it hopes to win over creditors holding some $18bn in unpaid debt since its 2001 default.
|
|
Cash is king
|
The more the woes in Europe prompt a crisis of confidence in government bonds, the more investors want to pile into them as an asset class
|
|
Do equities look cheap?
|
This time round, it could be that bonds are too expensive
|
