Friday, September 7, 2012
Markets Continue Rally on Draghi Bond Purchase Plan
The European Central Bank unveiled a bond-buying plan to stem the region’s debt crisis, spurring a rally in global stocks.
Canadian Dollar, Chile Peso, Jobs Impact on Dollar
Sept. 7 (Bloomberg) -- Sara Eisen reports on today's top currencies headline news. She speaks on Bloomberg Television's "Lunch Money."
Single Best Chart: 27% Full-Time Employed Globally
Sept. 7 (Bloomberg) -- In today's "Single Best Chart," Bloomberg's Sara Eisen displays the level of global GDP vs. payroll to population, showing that only 27 percent of all adults globally are employed full-time. She speaks on Bloomberg Television's "Bloomberg Surveillance."
The Pacific Island Forum 2012
Published on Sep 6, 2012 by tagatapasifika1
The Pacific Forum held in Rarotonga, has attracted a lot of international attention mainly because the focus has been on the visit of U S Secretary of State Hillary Clinton.
Among topics discussed were aid, drug running, regional security and the on-going relationship between the U S and the Pacific.
Among topics discussed were aid, drug running, regional security and the on-going relationship between the U S and the Pacific.
FRANCE 24 Reporters: 09/06/2012 REPORTERS
Published on Sep 6, 2012 by france24english
International news report on the ground from the France 24 team and our seniors reporters.
International news coverage from the FRANCE 24 teams and our senior reporters. Thursdays at 9.45 pm and Fridays at 10.10am.
All shows:
http://www.france24.com/en/list/emission/18016
FRANCE 24 INTERNATIONAL NEWS 24/7
http://www.france24.com
International news coverage from the FRANCE 24 teams and our senior reporters. Thursdays at 9.45 pm and Fridays at 10.10am.
All shows:
http://www.france24.com/en/list/emission/18016
FRANCE 24 INTERNATIONAL NEWS 24/7
http://www.france24.com
3XSQ: August jobs growth disappoints; unemployment falls (4:54)
Sep 7 - Jobs growth slowed sharply in August, setting the stage for the Fed to take action next week and dealing a blow to President Obama as he seeks reelection in November.
Airbus's new way to travel (1:40)
Sep.06 - Passenger aircraft flying in formation like birds are likely to be a feature of aviation in the second half of this century, according to plans revealed by aviation giant Airbus. Edward Baran reports.
ECB unlimited bond-buying plan to 'save the euro'
Published on Sep 6, 2012 by Euronews
http://www.euronews.com/ The European Central Bank is to buy the government bonds of struggling eurozone countries' like Spain and Italy to lower their borrowing costs, but there will be strict conditions attached.
Seeking to back up his July pledge to do whatever it takes to preserve the euro, ECB President Mario Draghi said the new plan, aimed at the secondary market, would address bond market distortions and "unfounded" fears of investors about the survival of the euro.
The ECB chief stressed they would only help countries that signed up to and implemented strict policy conditions, with the eurozone's rescue fund also buying their bonds, and preferably with the IMF involved in designing and monitoring the conditions.
Draghi said they have to repair Europe's broken borrowing system: "The European monetary area now is fragmented... the actions we have decided today are geared to repairing monetary policy transmission channels... a way of saying it is that these decisions are necessary to restore our capacity to pursue the objective of price stability in the euro area, they are necessary to restore the singleness of monetary policy in the euro area."
The new programme will focus on bonds maturing within three years. Potentially there are no limits on it, but Draghi insisted it does not break ECB rules.
The Germans are not so sure. Jens Weidmann of the Bundesbank did not support the plan.
The Bundesbank chief had expressed concern that intervening in the bond market would break the ECB ban on financing euro zone member states. Other ECB policymakers saw a greater urgency to help Spain and Italy and prevent the euro zone crisis from deepening.
The ECB also said it believes the eurozone economy will probably contract more than previously expected this year.
It raised its outlook for inflation for this year and next and kept interest rates on hold, leaving its main rate unchanged at 0.75 percent.
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Seeking to back up his July pledge to do whatever it takes to preserve the euro, ECB President Mario Draghi said the new plan, aimed at the secondary market, would address bond market distortions and "unfounded" fears of investors about the survival of the euro.
The ECB chief stressed they would only help countries that signed up to and implemented strict policy conditions, with the eurozone's rescue fund also buying their bonds, and preferably with the IMF involved in designing and monitoring the conditions.
Draghi said they have to repair Europe's broken borrowing system: "The European monetary area now is fragmented... the actions we have decided today are geared to repairing monetary policy transmission channels... a way of saying it is that these decisions are necessary to restore our capacity to pursue the objective of price stability in the euro area, they are necessary to restore the singleness of monetary policy in the euro area."
The new programme will focus on bonds maturing within three years. Potentially there are no limits on it, but Draghi insisted it does not break ECB rules.
The Germans are not so sure. Jens Weidmann of the Bundesbank did not support the plan.
The Bundesbank chief had expressed concern that intervening in the bond market would break the ECB ban on financing euro zone member states. Other ECB policymakers saw a greater urgency to help Spain and Italy and prevent the euro zone crisis from deepening.
The ECB also said it believes the eurozone economy will probably contract more than previously expected this year.
It raised its outlook for inflation for this year and next and kept interest rates on hold, leaving its main rate unchanged at 0.75 percent.
Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews
'West climbs debt mountain, vital Russia looks East'
Published on Sep 7, 2012 by RussiaToday
With the global economy struggling for growth, RT talks to Andrey Kostin, President of Russia's second largest bank VTB, about what he sees ahead for global finances.
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RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
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RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
Bilateral quarrels threaten APEC ambition
Published on Sep 7, 2012 by australianetworknews
After more than 20-years of APEC, building prosperity and liberalising trade remains the primary goal. But while member states are keen to do business in Vladivostok, the region's thorny security disputes threaten to derail the agenda.
Thom Cookes reports.
Thom Cookes reports.
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