by ABCNews on Oct 17, 2011
Alex Lloyd and Jamie Little remember their friend who died in an Indy Car crash.
For more on this story, click here: http://abcnews.go.com/US/indy-500-winner-dan-wheldon-dies-15-car/story?id=147...
by ABCNews on Oct 17, 2011
Alex Lloyd and Jamie Little remember their friend who died in an Indy Car crash.
For more on this story, click here: http://abcnews.go.com/US/indy-500-winner-dan-wheldon-dies-15-car/story?id=147...
Accelerating Discussions to Recapitalize European Banks Are Credit Positive
Last week, discussions across Europe about recapitalizing banks and ensuring support for stressed euro-area sovereigns accelerated. On Wednesday, European Commission (EC) President Jose Manuel Barroso announced a plan to strengthen systemically important banks’ capital.8 The next day, Slovakia’s parliament approved legislation that will make it possible for the European Financial Stability Facility (EFSF) to finance bank recapitalizations. Then, on Friday, French Finance Minister Françoin Baroin reported progress in talks with his German counterpart on a raft of measures for the European Union (EU) to adopt to address the current crisis.
These developments are credit positive for European banks, although more capital alone will bring only temporary respite.9 The crisis has morphed into a systemic sovereign and banking crisis and is pushing European governments towards more mutual support. This is crucial to arresting mounting sovereign debt concerns, which is the underlying factor fueling investors’ worries about European banks. .....................
The latest figures on World official sector gold holdings from the World Gold Council see totals largely unchanged in August with minor sales by some largely cancelling out purchases by others.
Author: Lawrence WilliamsLONDON -
The latest World Gold Council statistical update on gold reserves in the official sector shows that August saw some Central Banks reporting increased holdings while a couple of others showed reductions - but overall reported Central Bank holdings were just about flat - a far cry from the situation for a number of years when Central banks were major sellers of hundreds of tonnes a year of the yellow metal.
According to the WGC, Thailand was the biggest net purchaser and reported an increase in its gold reserves of 9.3 tonnes in August, raising its total gold holdings to 136.9 tonnes. This follows an acquisition of 28 tonnes in the first half of the year. Bolivia reported an increase of 7.0 tonnes in its gold reserves. The last acquisition Bolivia reported was in December of 2010 when it also reported a 7.0 tonne increase. Finally, Russia continues to regularly add gold to its reserves, adding 8.0 tonnes between July and August. .................
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=137692&sn=Detail&pid=102055