http://www.nzherald.co.nz/ Latest Wall St Meltdown headlines from nzherald.co.nz en-nz Copyright 2010 APN HOLDINGS NZ Wed, 17 Mar 2010 16:00:23 +1200 http://blogs.law.harvard.edu/tech/rss APN RSS Generator webnews@nzherald.co.nz webmaster@nzherald.co.nz http://www.nzherald.co.nz/images/nz_little_logo.gif http://www.nzherald.co.nz/wall-st-meltdown/news/headlines.cfm?c_id=1502755 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632521&ref=rss WASHINGTON - The US Federal Reserve has repeated its pledge to hold interest rates at record lows to foster the US economic recovery and ease high unemployment.But the Fed's assessment of the economy was a bit more upbeat. It... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 08:24:29 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632460&ref=rss WASHINGTON - The Obama Administration's pay tsar is limiting 2010 compensation for top executives at GMAC because the auto finance giant continues to lose money and can't yet repay its US$16.3 billion taxpayer bailout, according to... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632431&ref=rss A new Democratic Senate bill to tame the financial markets would give the United States Government new powers to break up firms that threaten the economy, force the industry to pay for its failures and create a consumer watchdog within... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632427&ref=rss BRUSSELS - Eurozone finance ministers have agreed to offer financial help for Greece - probably in the form of bilateral loans - but refused to give details until European Union leaders make a final decision on the potential bailout.Jean-Claude... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632227&ref=rss WASHINGTON - The senator trying to rewrite America's financial industry rules is dropping plans to create a standalone consumer financial protection agency and give a single regulator the power to oversee all banks.Backing away... newsfeeds@nzherald.co.nz Tue, 16 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632224&ref=rss French voters scarred by the economic crisis dealt President Nicolas Sarkozy and his conservative leadership a stern blow yesterday by strongly favouring leftist candidates in regional elections, according to near-complete official... newsfeeds@nzherald.co.nz Tue, 16 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632048&ref=rss NEW YORK - To European officials, financial derivatives are dangerous weapons that worsened its debt crisis and should be curbed.To Wall St, they are tools that reduce risk and generate profits and should be left alone.Now,... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10632029&ref=rss China may be forced to bail out banks that made loans for local-government projects under the unprecedented stimulus programme unleashed in 2008, according to Citigroup and Northwestern University's Victor Shih.In a "worst-case... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631848&ref=rss Despite his difficulties, President Barack Obama still rates highly as a tremendous communicator. US News has just asked Americans in a poll: who do you think has been the greatest modern presidential communicator, dating back to... newsfeeds@nzherald.co.nz Sun, 14 Mar 2010 18:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631709&ref=rss JPMorgan Chase and Citigroup helped cause the collapse of Lehman Brothers by demanding more collateral and changing guarantee agreements, the bankrupt bank's examiner said yesterday in a report."The demands for collateral by Lehman's... newsfeeds@nzherald.co.nz Sat, 13 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631708&ref=rss WASHINGTON - Wall St banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said yesterday.The chairman of... newsfeeds@nzherald.co.nz Sat, 13 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631545&ref=rss Good news was released this week , we, the taxpayers, creamed almost $300 million out of financial institutions during the recently-forgotten global newsfeeds@nzherald.co.nz Fri, 12 Mar 2010 09:39:48 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631360&ref=rss While for many people the effects of the worst recession since the 1930s look likely to linger and unemployment remains high across the Western world, for the planet's super-rich, things are looking very perky once again.The number... newsfeeds@nzherald.co.nz Thu, 11 Mar 2010 13:45:32 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631269&ref=rss While pulling out of recession is a good thing, it also has its problems. Increased demand for oil from China coupled with a global shortage of oil refineries has sent petrol prices to a 16-month high.Motorists were hit by increases... newsfeeds@nzherald.co.nz Thu, 11 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631195&ref=rss WASHINGTON - President Barack Obama stood with Greek Prime Minister George Papandreou this week and pledged that the United States would work with its ally, even as Greece's enormous debts sparked frenzied trading.Papandreou said... newsfeeds@nzherald.co.nz Thu, 11 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10631131&ref=rss New Zealand's financial markets are "back to normal" and government guarantees for banks, set up during the global financial crisis, will be phased out at the end of next month, says Finance Minister Bill English.Speaking at the... newsfeeds@nzherald.co.nz Wed, 10 Mar 2010 13:09:48 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10630969&ref=rss SYDNEY - Australian business confidence increased last month for a second month, adding to signs the economy is robust enough to weather higher interest rates.The confidence index gained 4 points to 19, matching November's seven-year... newsfeeds@nzherald.co.nz Wed, 10 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10630961&ref=rss DUBAI - Dubai World, the state-owned holding company in talks to renegotiate about US$26 billion ($37 billion) of debt, will ask banks for permission to delay loan repayments when it presents a plan to creditors this month, said three... newsfeeds@nzherald.co.nz Wed, 10 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10630959&ref=rss As Europe struggles with a debt crisis, the idea of a European Monetary Fund is quickly taking hold.Such a body could be a lender of last resort and keep financially troubled governments from unsettling the euro and global markets,... newsfeeds@nzherald.co.nz Wed, 10 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/wall-st-meltdown/news/article.cfm?c_id=1502755&objectid=10630957&ref=rss Americans asked to help Europe regulate the 'scourge' of credit-default swapsGreek Prime Minister George Papandreou will press United States President Barack Obama to help Europe combat "unprincipled speculators" who he says have... newsfeeds@nzherald.co.nz Wed, 10 Mar 2010 04:00:00 +1200