Archive for the ‘Bonds’ Category

EU preparing for a rescue plan for Spain

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – Spain is reportedly in talks with European authorities for a fresh round of rescue plan to be announced next week. The Financial Times reported on Friday that the EU is setting the stage for a rescue plan for Spain and unlimited bond purchases by […]

ECB president Mario Draghi raises possibility of 3-year government bond purchases

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – European Central Bank (ECB) president Mario Draghi has once again made remarks that support a move by the bank to help struggling euro zone countries through purchase of government bonds that have maturity of three years or less. Several European MPs have revealed that […]

Emails Give Glimpse Into Deals That Fueled Financial Meltdown

ProPublica Staff NY, NY, United States (ProPublica) – by Jesse Eisinger and Jake Bernstein As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against. The more than $ 40 billion of deals helped fuel the crash […]

European Central Bank (ECB) president Draghi readies bond buying plan but offers no specifics

Nathan Andrada – Fourth Estate Cooperative Contributor Frankfurt, Germany (4E) – European Central Bank (ECB) president Mario Draghi on Thursday revealed the possibility of the ECB intervening in the bond market to battle the crisis, although he never offered any concrete action. People expecting for a grand solution were left disappointed by Draghi’s statement in […]

Katy Perry is new face and partner of “Popchips” snack

Paula David – Fourth Estate Cooperative Reporter Los Angeles, CA, United States (4E) – Pop star Katy Perry is the new face and partner of “popchips” snack, the company announced Wednesday. According the a press release, “Katy Perry, global pop superstar and long-time fan of the brand, has joined “popchips” as an investor and ambassador […]

Spain’s 10-year bond yields reach above 7 percent

Nathan Andrada – Fourth Estate Cooperative Contributor Madrid, Spain (4E) – After going up as high as 7.108 per cent, Spain’s 10-year government bond yield finished Monday at 7.06 per cent. The rise to the 7 per cent level is regarded as unsustainable by many economists and this comes ahead of a summit by eurozone […]

ECB, Bank of England set to stimulate Europe’s economy

Nathan Andrada – Fourth Estate Cooperative Contributor Frankfurt, Germany (4E) – If the ECB proceeds with the quarter percentage rate cut, it will be the first time for its benchmark interest rate to fall under 1 per cent, setting it at a record low 0.75 per cent, essentially bringing its deposit rates to zero. The […]

California court bars sale of Samsung tablet in U.S.

Fourth Estate Cooperative Staff San Jose, CA, United States (4E) – A federal court in California has issued an injunction against the sale of Samsung Galaxy Tab 10.1 in the U.S. U.S. District Judge Lucy Koh issued the relief sought by Apple Inc. on Tuesday evening citing that the Samsung product likely infringes on the […]

Mortgage rates slip for sixth straight week

Diane Alter – Fourth Estate Cooperative Reporter Arlington, Va., United States (4E) – Mortgage rates have slipped for the sixth consecutive week, hitting all-time record lows in the wake of weak economic and jobs data. According to a report released Thursday by Freddie Mac, the average rate on a 15-year fixed loan dropped to 2.94 […]

U.S. stocks open weak Tuesday as G-7 discuss eurozone crisis

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – U.S. stocks slipped on the open Tuesday as anxious investors await word from the G-7 on how they plan to deal with the eurozone debt crisis. Just after 9:30 a.m. on Wall Street, the Dow Jones Industrial Average fell 25 points, […]