Wall Street Journal:
The European Central Bank announced its first active step to unwind the stimulus measures it has used to support the financial sector since the global crisis last year. (Read More)
The Guardian:
Investors in Thomas Cook and Tui Travel must wish they could get away from it all. The two travel companies were the biggest fallers in the leading index following downgrades on both companies from Morgan Stanley. In particular the bank suggested Thomas Cook might have to call on shareholders for cash.Analyst Jamie Rollo sa (Read More)
The Guardian:
Investment bank under fire again as investors protest at record bonuses of $717,000 eachGoldman Sachs has had to defend itself from angry taxpayers, regulators, the government – and now its own shareholders.Some of the US investment bank's largest investors are furious about the New York-based firm paying record bonuses to (Read More)
WSJ.com: What's News US:
The European Central Bank announced its first active step to unwind the stimulus measures it has used to support the financial sector since the global crisis last year.
. (Read More)
guardian.co.uk Politics:
Shadow foreign secretary says French newspapers reported peer got foreign minister post in return for assurance that French MEP would become commission vice-presidentWilliam Hague today suggested the appointment of the British peer Cathy Ashton as Europe's foreign minister was the result of deal that could damage the UK's n (Read More)
Wall Street Journal:
FRANKFURT (MarketWatch) -- German Finance Minister Wolfgang Schaeuble said Friday that the global economy is far from a self-sustainable recovery. "It's too early to say we're beyond the crisis. We're still quite far away from a self-supporting [economic] recovery," he said in a speech at the Frankfurt European Banking Cong (Read More)
Wall Street Journal:
FRANKFURT (MarketWatch) -- Axel Weber, president of the Deutsche Bundesbank, defended the role of regulators and monetary policy on Friday, saying they were not to blame for the global financial crisis. "Monetary policy was not part of the culprit. Banks have to adjust down their profit aspirations in a low-interest-rate en (Read More)
guardian.co.uk Society:
Twenty years after the launch of the Convention on the Rights of the Child, we must do more to listen to vulnerable childrenTo 13-year-old Mumo Katumo, the anniversary of the Convention on the Rights of the Child (CRC) is an utter irrelevance. For the past year Mumo and her family have been struggling to stay alive in the d (Read More)
Wall Street Journal:
FRANKFURT (MarketWatch) -- German Finance Minister Wolfgang Schauble said Friday that the global economy is far from a self-sustainable recovery. "It's too early to say we're beyond the crisis. We're still quite far away from a self-supporting [economic] recovery," he said in a speech at the Frankfurt European Banking Congr (Read More)
Wall Street Journal:
By Susan DavisA New Kind of Declaration: Christian activists are holding a new conference today at the National Press Club to release the “Manhattan Declaration.” The 4,700-plus word document has over 125 original signers and affirms opposition to abortion rights and gay marriage while endorsing religious freedom and, when (Read More)
Reuters:
FRANKFURT (Reuters) - Bankers and regulators should learn the lessons of the global financial crisis and drive through changes to prevent future breakdowns, financiers said on Friday.
. (Read More)
Wall Street Journal:
LONDON (MarketWatch) -- Shares in Kohlberg Kravis Roberts & Co. climbed 2.3% in early trading on the Amsterdam market after the private equity firm said late Thursday that it swung to a third-quarter profit and is seeing interesting investment opportunities. The firm closed a deal in October to buy its Amsterdam-listed fu (Read More)
Financial Times:
The private equity group reported economic net income of $356m for the third quarter, underscoring the extent to which the sector has benefited from the rally in the stock and debt markets. (Read More)
New York Times:
Treasury Secretary Timothy F. Geithner said Thursday that the government would end its $700 billion bailout program "as soon as we can," and that part of it would be used to lower the record deficit. (Read More)
Reuters: Deals:
NEW YORK (Reuters) - Private equity giant Kohlberg Kravis Roberts & Co reported a third quarter profit on Thursday and said it is seeing improving debt markets and opportunities to invest.
. (Read More)