For as long as anyone can remember the Americans and Brits have considered their financial services better than anything on show in continental Europe.
US investment banks in particular seemed to rule the world. Remember how Goldman Sachs was hired to help sort out Northern Rock? How long ago that seems.
Meanwhile, the City of London has long prided itself on absorbing the best talent from Europe and using their skills to make billions.
But with investment banks now on the verge of a humiliating $700bn (£380bn) bailout and British lenders still too frightened to loan even to each other, the European seems to be in the ascendancy.
Wide gap
The European response to the financial crisis has been led by the European Central Bank (ECB).
Saturday, September 27, 2008
Irish growth tops eurozone league
The Irish Republic's economy continues to expand at a much faster pace than its neighbours in the eurozone despite a housing slowdown, figures indicate.
The Central Statistics Office said gross domestic product (GDP) climbed 6.7% in the six months to June, up from 5.2% in the first half of 2006.
The more favoured growth measurement, gross national product, which strips out foreign investment, rose 5.7%.
The figures are more than double the average across the 13-nation euro bloc.
Economists are predicting that full-year growth will be between 5% and 6%, with a drop in homebuilding being more than offset by a strong rise in commercial property construction and state-funded infrastructure.
The Central Statistics Office said gross domestic product (GDP) climbed 6.7% in the six months to June, up from 5.2% in the first half of 2006.
The more favoured growth measurement, gross national product, which strips out foreign investment, rose 5.7%.
The figures are more than double the average across the 13-nation euro bloc.
Economists are predicting that full-year growth will be between 5% and 6%, with a drop in homebuilding being more than offset by a strong rise in commercial property construction and state-funded infrastructure.
Would a $700bn bail-out end the crisis?
Friday's bounce-back on global stock markets sounded like a sigh of relief at the end of an unprecedented week.
US Treasury Secretary Henry Paulson effectively said that he was sick of dealing with individual banks in trouble and instead was going to bail out the whole system by buying up the toxic debt that is causing all the difficulties.
"This needs to be big enough to make a real difference and get at the heart of the problem," Mr Paulson said.
It is certainly big - there will be $700bn (£379bn) available to buy up debt based on mortgages.
Investors seemed to believe on Friday that the measures would, at least in the short-term, provide some much-needed stability.
"If you look at the reaction in the stock, Treasury and (interest-rate) swaps markets, they're all telling you that this is a good thing and that you're taking some of the fear and risks out of the system," said Mike Kagawa from Payden & Rygel in Los Angeles.
US Treasury Secretary Henry Paulson effectively said that he was sick of dealing with individual banks in trouble and instead was going to bail out the whole system by buying up the toxic debt that is causing all the difficulties.
"This needs to be big enough to make a real difference and get at the heart of the problem," Mr Paulson said.
It is certainly big - there will be $700bn (£379bn) available to buy up debt based on mortgages.
Investors seemed to believe on Friday that the measures would, at least in the short-term, provide some much-needed stability.
"If you look at the reaction in the stock, Treasury and (interest-rate) swaps markets, they're all telling you that this is a good thing and that you're taking some of the fear and risks out of the system," said Mike Kagawa from Payden & Rygel in Los Angeles.
Rush for Bank of England funding
Banks have scrambled for extra funding at this week's regular cash auction by the Bank of England.
Commercial banks asked for £89.2bn ($165.5bn) in the auction - far more than the £52.8bn that was available.
Strains in the money markets have risen rapidly following the collapse of the US investment bank Lehman Brothers.
Banks are turning to the Bank of England for loans because it is currently too expensive to borrow from other banks as they would usually do.
Market stress
The central bank made an extra £5bn available at this week's auction because of the shortage of funds in commercial markets, but analysts said there was clearly appetite for more.
Commercial banks asked for £89.2bn ($165.5bn) in the auction - far more than the £52.8bn that was available.
Strains in the money markets have risen rapidly following the collapse of the US investment bank Lehman Brothers.
Banks are turning to the Bank of England for loans because it is currently too expensive to borrow from other banks as they would usually do.
Market stress
The central bank made an extra £5bn available at this week's auction because of the shortage of funds in commercial markets, but analysts said there was clearly appetite for more.
Lawmakers report progress on financial rescue deal
WASHINGTON (AP) -- Nervously eyeing the markets' next trading session, key lawmakers in both parties and Treasury Secretary Henry Paulson worked late into the night Saturday trying to close an agreement on a multibillion-dollar government bailout of distressed financial companies.
House Speaker Nancy Pelosi, D-Calif., told reporters "quite a bit" of progress was being made on a deal that Congress could send to President Bush as early as Monday after votes in both houses.
A key sticking point was how to include a new government-sponsored program demanded by House Republicans as an alternative to devoting the entire $700 billion proposed by Bush on buying up devalued mortgage-backed securities and other toxic debt from banks and investors.
"We're making a lot of headway; I think it's possible to get this thing done tonight," said Senate Finance Committee Chairman Max Baucus, D-Mont. "I can't guarantee it," Baucus quickly added.
House Speaker Nancy Pelosi, D-Calif., told reporters "quite a bit" of progress was being made on a deal that Congress could send to President Bush as early as Monday after votes in both houses.
A key sticking point was how to include a new government-sponsored program demanded by House Republicans as an alternative to devoting the entire $700 billion proposed by Bush on buying up devalued mortgage-backed securities and other toxic debt from banks and investors.
"We're making a lot of headway; I think it's possible to get this thing done tonight," said Senate Finance Committee Chairman Max Baucus, D-Mont. "I can't guarantee it," Baucus quickly added.
Friday, July 25, 2008
Who Owns Toyota?
Who Owns Toyota Corp?
The founder of Toyota Corp is Kiichiro Toyoda, who is the owner of the company. The company was founded in 1937.
Toyota History
To read more on the History of Toyota visit this link:
Toyota History
Does Ford Own Toyota?
No!, Ford does not own Toyota.
Who Is the Owner of Toyota?
Kiichiro Toyoda is the owner of Toyota.
Toyota Motor Corporation
To read more on Toyota Motor Corporation follow the link
Toyota Motor Corporation
Who Is the Founder of Toyota?
Kiichiro Toyoda is the founder of Toyota. To read more on him follow the link: Kiichiro Toyoda
Who Owns Toyota Motors?
Kiichiro Toyoda owns Toyota Motors
Who Founded Toyota?
Kiichiro Toyoda the son of Sakichi Toyoda founded Toyota.
Origin of Toyota?
To read more on the origin of Toyota follow the link:
Origin of Toyota
Does GM Own Toyota?
No GM does not own Toyota
Toyota CEO?
Katsuaki Watanabe is the CEO of Toyota.
Does General Motors Own Toyota?
General Motors does not own Toyota.
Toyota Plants
To read more on Toyota Plants click on the link:
Toyota Plants
Toyota Manufacturing
To read more on Toyota Manufacturing follow the link:
Toyota Manufacturing
Toyota Shares
For today's stock price of Toyota Shares follow the link:
Toyota Shares Price
Toyota Finance
For more information on Toyota Finance click on the following link:
Toyota Finance
Who Made the First Toyota?
Toyota Industries created its first product Type A engine and its first passenger car called the Toyota AA in 1936.
Toyota International
To read about Toyota International click on:
Toyota International
Friday, July 11, 2008
What is the Ticker Symbol for Sony?
What Is the Stock Market Symbol for Walgreens?
Stock Market Symbol for Walgreens is WAG traded on NYSE
What Is the Stock Symbol for Kodak?
Stock Symbol for Kodak is EK and is traded on NYSE
What Is the Ticker Symbol for Apple?
The Ticker Symbol for Apple is AAPL on Nasdaq
What Is the Ticker Symbol for United Airlines?
Ticker Symbol for United Airlines is UAUA and is traded on NASDAQ
What Is the Ticker Symbol for Snapple?
What Is the Ticker Symbol for Apple Computers?
AAPL and traded on NASDAQ
What Is the Ticker Symbol for Compaq?
Compaq before merging with Hewlett-Packard had the ticker symbol of CPQ, but after merging it has a new ticker symbol of HPQ
What Is the Ticker Symbol for Nintendo?
Ticker Symbol for Nintendo is NTDOY
What Is the Ticker Symbol for Sony?
Sony is traded on NYSE on the ticker symbol SNE
What Is the Ticker Symbol for WAL Mart?
Ticker Symbol for Wal Mart is WMT and is traded on NYSE
What Is the Ticker Symbol for Pepsi?
Ticker Symbol of Pepsi Co is PEP and that of Pepsi Bottling Group is PBG and is traded on NYSE
What Is the Ticker Symbol for Coca Cola?
Ticker Symbol for Coca Cola is CCE and is traded on NYSE
What Is the Ticker Symbol for IBM?
Ticker Symbol for IBM is IBM as traded on NYSE
What Is the Ticker Symbol for Target?
Ticker Symbol for target is TGT as traded on NYSE.
What Is the Ticker Symbol for Nike?
Ticker Symbol for Nike as traded on NYSE is NKE
What Is the Ticker Symbol for Coke?
Ticker Symbol for Coke is CCE on NYSE
What Is the Ticker Symbol for Crude Oil?
Name Three Companies And Their Ticker Symbols?
What Is the Ticker Symbol for Kmart?
Ticker Symbol for Kmart is KMRT
What Is the Ticker Symbol for NABISCO?
What Is the Ticker Symbol for Kohls?
Ticker Symbol for Kohls is KSS traded on NYSE
What Is the Ticker Symbol for Ford?
Ticker Symbol for Ford is F on NYSE
What Is the Ticker Symbol for Taco Bell?
Ticker Symbol for Taco Bell is YUM
What Is the Ticker Symbol for Adidas?
Ticker Symbol for Adidas is ADDYY.PK
What Is the Ticker Symbol for Microsoft?
MSFT is the ticker symbol for Microsoft and is traded on NASDAQ
What Is the Ticker Symbol for Kellogg?
Ticker Symbol for Kellog is K on NYSE
What Is the Ticker Symbol for Baby Phat?
Ticker Symbol for Baby Phat is Kellwood Company KWD
What Is the Ticker Symbol for Old Navy?
Ticker Symbol for Old Navy is GPS on NYSE
What Is the Ticker Symbol for Cingular Wireless?
Ticker Symbol for Cingular Wireless is T
What Is the Ticker Symbol for Subway?
Subway is not traded openly.
What Is the Ticker Symbol for American Eagle?
Ticker Symbol for American Eagle is AEOS
What Is the Ticker Symbol for Starbucks?
SBUX is the ticker symbol for starbucks on NASDAQ.
What Is the Ticker Symbol for Google
GOOG
What Is the Ticker Symbol for Costco?
COST
What Is the Ticker Symbol for Motorola?
MOT
What Is the Ticker Symbol for Southwest Airlines?
LUV on NYSE
What Is the Ticker Symbol for Home Depot?
HD
What Is the Ticker Symbol for McDonalds?
MCD
What Is the Ticker Symbol for Best Buy?
BBY
What Is the Ticker Symbol for Boeing?
BA is the ticker symbol for Boeing on NYSE
What Is the Ticker Symbol for Jcpenney?
JCP as traded on NYSE
What Is the Ticker Symbol for Toyota?
Ticker Symbol for Toyota is TOYOF
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