Saturday, 31 March 2012
Wednesday, 28 March 2012
Saturday, 24 March 2012
Friday, 23 March 2012
Thursday, 22 March 2012
Wednesday, 21 March 2012
The US has exempted eleven nations from Iranian oil sanctions, in an acknowledgement of western allies' energy needs.
Wednesday, 14 March 2012
The European Central Bank's Klaus Masuch was left speechless unable to answer Irish journalist Vincent Browne's repeatedly restated question of why the Irish people should pay billions for unguaranteed bonds to support European financial institutions which have no bearing upon the Irish people, in a press conference video.
Saturday, 10 March 2012
The ISDA (International Swaps and Derivatives Association) has declared that a Greek sovereign debt "credit event" has occurred, clearing the way for CDS (credit default swap) and other insurance instruments to be called upon to make good bondholders' losses.
Thursday, 8 March 2012
Wednesday, 7 March 2012
Should Greece default, the European Central Bank (ECB) would face "sizeable" losses of 177 billion euros, which would amount to over 200% of the ECB's capital base, according to the International Institute of Finance (IIF) in a Financial Times report. And on top of that, the ECB's need to buy more risky European sovereign debt would increase.
Tuesday, 6 March 2012
Some Icelandic business leaders have proposed that Iceland adopt the Canadian dollar as their national currency, to improve stability and ease capital flows. It is significant that the proposal was not to adopt the US dollar, which has traditionally been the global reserve currency, but whose status is now diminished.
Friday, 2 March 2012
The International Swaps and Derivatives Association (ISDA) is responsible for determining whether or not losses from failed bonds are covered by insurance. It is surprising to note that some voting ISDA members appear to be the sellers of that insurance, and therefore would have a conflict of interest.
Negative market sentiment towards the euro currency is likely to be amplified by polarising European disunity. Some European finance ministers are not satisfied that all Greece's political party leaders are fully behind the reforms, according to Reuters.
Thursday, 1 March 2012
Some speculate that often a sharp fall in the gold price reflects orchestrated central bank selling to manipulate the gold price downwards, to support fiat currencies, and to foster positive global financial sentiment. A report about central bank gold price manipulation has been deleted from the internet.