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Finance History 2010-01-08 (08 January 2010 ) |
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| Jan. 9 (Bloomberg) -- The Japanese Ministry of Finance and the state-owned Development Bank of Japan support bankruptcy for Japan Airlines Corp. , two people familiar with the matter said. | |
| Analysts see the appointment of Naoto Kan as finance minister as a sign of the new prime minister’s desire to change the way Japan is governed. | |
| NEW YORK -- Shares of some top finance companies were down at the close of trading: Bank of America fell $.15 or .9 percent, to $. Citigroup fell $.06 or percent, to $. JPMorgan Chase fell $.11 or .2 percent, to $. | |
| Japan's new finance minister backed off his call for a weaker yen following an apparent rebuke from the prime minister on Friday, saying currency levels should be determined by markets. | |
| Japan's new finance minister hinted Friday at possible intervention to sell the yen as Tokyo toughened its stance against a strong currency, which has prompted fears for the export-dependent economy. | |
| NEW YORK -- Shares of some top finance companies are down at noon: Bank of America fell $.16 or percent, to $. Citigroup fell $.10 or percent, to $. JPMorgan Chase fell $.33 or .7 percent, to $. | |
| Japan's new finance minister, Naoto Kan, said that currency levels should be determined by markets, backtracking from his earlier call for a weaker yen after an apparent rebuke from the prime minister. | |
| Japan's new finance minister said Friday that Tokyo would take action over the strong yen if needed, but added that in general markets should set currency levels. | |
| NEW YORK -- Shares of some top finance companies are mixed at 10 .: Bank of America rose $.15 or .9 percent, to $. Citigroup fell $.01 or .4 percent, to $. JPMorgan Chase fell $.40 or .9 percent, to $. | |
| Japanese Prime Minister Yukio Hatoyama Friday warned his new finance minister not to publicly comment on foreign exchange, after the yen plunged on Naoto Kan's endorsement of a weaker unit. |
Economic History
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| The European Union's three chief representatives appealed Friday for greater economic coordination among member countries to revive growth in the bloc following the global crisis. | |
| Spain plans to use its EU presidency to push for a form of European "government" on economic issues, with the promise of rewards for members who meet binding targets -- and the threat of sanctions for those that don't. | |
| Jan. 8 (Bloomberg) -- . stocks fell, with the Standard & Poor’s 500 Index slipping from a 15-month high, as an unexpected decrease in jobs spurred speculation the economic recovery will falter. | |
| Banks are not lending as much as many politicians and economists want them to. But in the early stages of most economic recoveries tightfistedness is the norm | |
| A look at economic developments and activity in major stock markets around the world Friday: ------ BEIJING -- Chinese regulators have approved the launch of stock futures and a trial run of margin trading, a state news agency said, in a move that could help boost stock prices and increase the role of China's securities markets in financing economic development. | |
| Banks are not lending as much as many politicians and economists want them to. But in the early stages of most economic recoveries tightfisted lending is the norm | |
| The European Union's president said Friday that Europe "can't afford" its social welfare model and urgently needs economic reforms. | |
| What's on tap in economic news. | |
| BRUSSELS, Jan. 8 (UPI) -- Spanish Prime Minister Jose Rodriguez Zapatero said the European Union's 10-year economic plan needs binding goals and corrective actions for non-compliance. | |
| Jan. 8 (Bloomberg) -- . stocks dropped, sending the Standard & Poor’s 500 Index down from a 15-month high, after an unexpected decrease in jobs spurred concern the economic recovery will falter. |
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