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...Which bank is responsible for having created the modern credit default swap when it sold off the risk of a credit line it had extended to Exxon? 17....
...It felt the introduction of internet competition would have hurt Union Pay, the state credit card monopoly. “The central bank obviously said ‘let’s slow things down a bit....
...0.21%) at 15,296 Topix down -5.66 (-0.44%) at 1,267 Hang Seng up +93.42 (+0.39%) at 24,065 ASX 200 up +2.45 (+0.04%) at 5,579 US markets S&P 500 up +9.90 (+0.50%) at 1,984 DJIA down -26.91 (-0.16%) at 17,087...
...Lawmakers passed the bill on Thursday with the US just hours away from a “highway cliff” after the Obama administration warned that it would have to start cutting the funds it gives states for road and bridge...
...(Financial Times) Yellen “began building the case for more regulation of the short-term credit markets that seized up during the financial crisis. Ms....
...Gideon Rachman ——————————————- HISTORY Nixon, Kissinger and the Shah: The United States and Iran in the Cold War, by Roham Alvandi, Oxford University Press, RRP£35.99/$55 Knowledge of the 1970s, when...
...Whether this will convince the rating agencies is another matter, though there is little to be gained from setting fiscal policy to maintain a credit rating which even the United States has been unable to...
...But the picture is less rosy for those without access to loans, warns Scott Simon, head of mortgage and asset-backed securities at Pimco, the world’s biggest bond fund manager....
...Stracke, head of credit research at Pimco, which runs the world’s biggest bond fund....
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