Finance counsels

Timothy Geithner was among the first policy makers to shine a light on the unregulated $47 trillion credit-default swap market back in 2005. The New York Federal Reserve president has struggled since then to get dealers to carry out reforms.
The industry has yet to launch a structure to safeguard against market-wide losses in […]

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South Korea's central bank is likely to cut interest rates further to protect the economy from the global slowdown, according to the head of the Korea Development Institute.
“I believe the Bank of Korea will cut rates; the central bank has already said it can,'' Hyun Jung Taik, president of the state-run researcher, said […]

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Pakistan's $7.6 billion rescue from the International Monetary Fund may help the nation overcome a “crisis of confidence'' and improve its debt rating, according to the Asian Development Bank.
“There is no reason why it should not'' lead to an upgrade in Pakistan's credit rating, ADB Managing Director Rajat Nag said in an interview […]

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Confidence in the world economy stayed near rock-bottom in November as a global recession loomed, a survey of Bloomberg users on six continents showed.
The Bloomberg Professional Global Confidence Index was at 6.6 compared with 4 in October, the lowest level since the survey started a year ago. A reading below 50 means pessimists […]

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The Group of 20 nations is prepared to act “urgently'' to bolster growth and called on governments to cut interest rates and raise spending as the world's leading industrialized economies battle the threat of a recession.
“We stand ready to urgently take forward work and actions agreed by our leaders to restore and maintain […]

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About 80 percent of Americans say they fear the ongoing global financial meltdown might affect their ability to pay their medical bills, according to a poll by the Deloitte Center for Health Solutions.
The survey of more than 4,000 U.S. adults found that only 6 percent believe their family is completely ready to handle future medical […]

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The Hawaii Senate on Thursday announced its leadership and committee chair assignments for the 2009 session.
Colleen Hanabusa will begin her third term as Senate president in January, with Russell Kokubun as the new vice president. Gary Hooser remains majority leader.
The majority technology leader, a new position, will be David Ige.
Other Senate leaders and chairs are:
• […]

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Wang Yi, who employs 300 people making children's raincoats on China's east coast, is worried his company won't survive the next year as exports dry up.
The apparel manufacturer, which supplies European supermarket chains Tesco Plc and Aldi Group, needs a 600,000 yuan ($88,000) loan by Jan. 31 to stay afloat. China's state-owned banks […]

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North Carolina might be a battleground state in the race for president, but John McCain has a comfortable lead over Barack Obama in an unscientific poll of Triangle Business Journal readers.
From Oct. 29 through Nov. 3, visitors to TBJ’s Web site were asked, “Who do you support in the election for president?â€
Some 1,753 people responded […]

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