Articles by 이윤주
이윤주
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‘Economic impact of BOJ asset buying unclear’
World Business July 20, 2011
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Italy financial markets slump on debt fears
MILAN (AFP) ― Italian financial markets fell sharply on Monday, with investors finding no reassurance in the adoption of a huge austerity budget as the eurozone debt crisis savaged confidence.Milan’s main index, the FTSE MIB, fell steadily through the day and closed down 3.06 percent at 17.885,74 points, with bank shares the worst hit. A man looking a stock exchange board monitor is reflected in
World Business July 19, 2011
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Fears about debt send gold price to record
NEW YORK (AP) ― Gold’s reputation as a safe place for your money sent it above $1,600 for the first time.Investors are worried about debt problems on both sides of the Atlantic. So they bid gold up $12.30 an ounce Monday to settle at $1,602.40. That’s a record for the market price for gold, but below its 1980 peak after adjusting for inflation. An ounce of gold at that time cost $850, or about $2,
World Business July 19, 2011
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‘Global consumer confidence at lowest since late 2009’
World Business July 18, 2011
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What happens to markets if the U.S. defaults?
NEW YORK (AP) ― Time is running out for Washington to raise the country’s borrowing limit and avoid a default. Wall Street isn’t panicking yet. But if the unthinkable happens, a default could strike financial markets like an earthquake.“If we just get higher longer-term interest rates, we’d be lucky,” said John Briggs, Treasury strategist at the Royal Bank of Scotland.What might markets look like
World Business July 18, 2011
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Pressure rises for Greek debt buy-back, swap
World Business July 18, 2011
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Regulators close four small banks in three states
WASHINGTON (AP) ― Regulators on Friday shut down four small banks in three states, boosting to 55 the number of U.S. bank failures this year.The overall pace of closures, however, has slowed this year as banks work their way through piles of bad debt. A slow, but improving U.S. economy also has helped stem the number of bank casualties this year. By this time last year, regulators had closed 96 ba
World Business July 17, 2011
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Eight banks flunk European stress test
FRANKFURT, Germany (AP) ― Eight of 90 European banks flunked stress tests projecting how they would fare in another recession, and 16 more barely passed ― but analysts doubted Friday’s results would succeed in restoring confidence in the continent’s shaky financial sector.Some countries challenged the results as inaccurate and overly pessimistic, saying they would not force their weaker banks to r
World Business July 17, 2011
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Congress seeks debt solution, Obama goes to public
On debt crisis, Obama makes direct appeal to U.S. public: ‘We are all in this together’WASHINGTON (AP) ― President Barack Obama appealed for public support Saturday to push Congress to avert an unprecedented default on America’s national debt as lawmakers worked on dual tracks to reach an elusive deal.Obama wants lawmakers to approve a giant package that would not only prevent a default by raising
World Business July 17, 2011
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Fed ‘prepared to respond’ if economy worsens
World Business July 14, 2011
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Mercedes-Benz tops study of U.S. auto dealers
World Business July 12, 2011
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ArcelorMittal, Peabody bid for Macarthur coal
World Business July 12, 2011
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Fed chief to face grilling after weak jobs report
WASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke may feel surrounded when he testifies before Congress this week.From his left, Democrats will demand to know what the Fed can do to create jobs, especially after the government reported last week that unemployment rose to 9.2 percent in June and the economy generated just 18,000 net new jobs.From his right, Republicans will likely question th
World Business July 12, 2011
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IMF chief calls on U.S. to raise borrowing limit
IMF Managing Director Christine Lagarde conducts a press conference in Washington, D.C. on July 6. (AFP-Yonhap News)WASHINGTON (AP) ― The International Monetary Fund’s new chief foresees “real nasty consequences” for the U.S. and global economies if the U.S. fails to raise its borrowing limit.Christine Lagarde, the first woman to head the lending institution, said in an interview broadcast Sunday
World Business July 11, 2011
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Asia rates have room to rise beyond inflation peak
World Business July 11, 2011
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