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Asian Stocks Post First Gain in Eight Weeks on Europe Optimism

Real Estate Investor — Sat, 25 Jun 2011 04:03:18 +0000

Asian stocks climbed, driving the region’s key benchmark index to its first advance in eight weeks, as concern Europe’s debt crisis will hurt earnings of exporters and banks eased and the Federal Reserve said it is prepared to provide further stimulus to the U.S. economy if needed.

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Asian Stocks Rise a Second Day as Greece Vote Boosts Optimism

Real Estate Investor — Wed, 22 Jun 2011 04:08:29 +0000

Asian stocks rose, driving the region’s key index up for a second day as Greek Prime Minister George Papandreou won a parliamentary confidence vote, moving the country a step closer to avoiding a default on its debt.

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German Banks Top French With $23 Billion in Greek Debt, BIS Says

Real Estate Investor — Mon, 06 Jun 2011 04:00:15 +0000

German lenders were the biggest foreign owners of Greek government bonds with $22.7 billion in holdings last year, making them a likely negotiation partner in burden-sharing deals for the country, data from the Bank for International Settlement showed.

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Euro Tumbles Most Since January on ECB Rate Signal; Yen Climbs

Real Estate Investor — Sun, 08 May 2011 04:01:17 +0000

The euro fell the most in four months against the dollar after European Central Bank President Jean- Claude Trichet signaled he may not raise interest rates next month and concern rose that Greece’s debt crisis is worsening.

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CLOs at ‘Bargain’ Prices as Leveraged Loans Rally, Babson Says

Real Estate Investor — Wed, 30 Mar 2011 04:03:12 +0000

Collateralized loan obligations offer investors a “bargain” as relative yields on the notes fall amid a rally in leveraged debt, according to Babson Capital Management LLC.

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Treasuries Advance on Japan’s Radiation Concern, Libyan Turmoil

Real Estate Investor — Sun, 20 Mar 2011 04:05:54 +0000

Treasuries gained, with the 10-year note yield touching the lowest level this year, as Japan’s nuclear crisis and Libyan political turmoil encouraged demand for the safety of U.S. government debt.

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Bond Market Is Too Slow to Force Deficit Cuts, Shirai Warned

Real Estate Investor — Thu, 10 Mar 2011 03:59:16 +0000

Sayuri Shirai, nominated to the Bank of Japan’s board this week, warned as a scholar that governments shouldn’t be fooled into confidence in their debt levels by a lack of stress in the bond market, which can react too slowly to emerging crises.

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Nikkei 225 Falls Most Since October on Mideast Unrest, Moody’s

Real Estate Investor — Tue, 22 Feb 2011 04:00:19 +0000

Japanese stocks fell, leading the Nikkei 225 Stock Average to its biggest drop since October, as tension escalated in the Middle East and Moody’s Investors Service downgraded the country’s debt outlook.

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Spending Like Crazy Americans

Real Estate Investor — Fri, 31 Dec 2010 04:04:12 +0000

Canadian household debt edges past the American figure as recent prosperity has driven demand for bigger and better housing

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U.S. Welcomes Argentina Moves To Settle Paris Club Debt

Real Estate Investor — Wed, 17 Nov 2010 14:26:17 +0000

Tejinder Singh – AHN News Correspondent

Washiington, D.C., United States (AHN) – The United States on Tuesday welcomed moves by Argentina to streamline relations with the international financial community especially Paris Club.

Asked to comment on Argentina’s announcement that the settlement of its outstanding debts with the Paris Club, that would involve a repayment schedule of more than one year, PJ Crowley, the State Department spokesman said in a statement, “We support efforts by Argentina to normalize relations with the Paris Club and the international financial community. We are pleased to see that Argentina is prepared to address its large and growing arrears to the Paris Club creditors.”

Crowley, however, refuted media suggestions that the deal is finalized, saying, “Contrary to some press reports, the Paris Club and Argentine authorities have not yet discussed or agreed to any specific terms for clearing arrears.”

“There is precedent within the Paris Club for an agreement on normalization of relations without an International Monetary Fund (IMF) program. For a country such as Argentina that can meet its international debt obligations without an IMF program, this would not be unexpected,” Crowley concluded in his statement.

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