Financial Reform

Church must help the poorest, not dissect theology, pope says

By Reuters UK

Pope Francis shared personal moments with 200,000 people on Saturday, telling them he sometimes nods off while praying at the end of a long day and that it "breaks my heart" that the death of a homeless person is not news. (May 18)

Germany's Merkel visits Pope, urges tougher market controls

By Reuters UK

German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless "dictatorship of the economy", called for stronger regulation of financial markets. (May 18)

MORE TOPICS: GERMANY, EUROPEAN UNION, ARGENTINA, G20

Pope rails against "dictatorship of the economy", urges reform

By Reuters UK

Pope Francis issued a strong call for world financial reform on Thursday, condemning a heartless "dictatorship of the economy" and saying the economic crisis had made life worse for millions in rich and poor countries. (May 16)

Growth, financial reform, trade on G7 agenda - Osborne

By Reuters UK

Top finance officials from the Group of Seven economies will discuss ways to nurture the global economic recovery and push ahead with financial reform when they meet on Friday and Saturday, Britain's Chancellor said. (May 09)

MORE TOPICS: JAPAN, BANK OF JAPAN, LONDON

Goldman cuts investment fund pledges in half since Dodd-Frank-filings

By Reuters

Goldman Sachs Group Inc <GS.N> has slashed its capital pledges to investment funds by nearly half since the Volcker rule was signed into law in 2010, as it prepares its principal investment business for restrictions on investing its own money, according to regulatory filings. (May 09)

Little stopping fire sales in key short-term funding market: Fed paper

By Reuters

Next to nothing stands in the way of a destabilizing fire sale in a vast part of U.S. financial markets if a dealer were to default, top Federal Reserve researchers warned in a paper that aims to rejuvenate debate over supervising the industry. (May 07)

MORE TOPICS: FEDERAL RESERVE, NEW YORK, MANAGEMENT, MORTGAGE

China's new leaders to quicken yuan reform, but caution remains

By Reuters UK

China's new batch of leaders may quicken the process of making the yuan fully convertible over the next few years to boost the currency's global clout and support wider financial reforms, but the pace of market opening could disappoint as caution remains. (May 07)

MORE TOPICS: CHINA, IMF, INTERNATIONAL MONETARY FUND, INVESTMENT

Australian Dollar Outlook - 24 April 2013

By IBTimes AU

Australian Dollar Outlook (BELL FX, Rivkin Securities): Slightly lower overnight by 0.17% $1.0258, the Australian dollar has been trading marginally higher at $1.0267 (8:50 AEST) at the start of this morning's auction against the US dollar. (Apr 23)

MORE TOPICS: CHINA, HSBC, MANUFACTURING, AUSTRALIA

Mexico postpones financial reform presentation in political row

By Reuters UK

Mexican President Enrique Pena Nieto has suspended plans to present a new banking sector reform due to disagreements among the main political parties, raising doubts over his wider reform agenda eagerly watched by investors. (Apr 23)

MORE TOPICS: ELECTIONS, TELECOMS, MEXICO

Credit Suisse sells private equity unit to Blackstone

By Reuters UK

Credit Suisse Group AG has agreed to sell a private equity business to Blackstone Group, the latest move by an investment bank to sell a business with illiquid assets in order to appease regulators and bolster its balance sheet. (Apr 22)

MORE TOPICS: FEDERAL RESERVE, BANK OF AMERICA, NEW YORK, MANAGEMENT, CREDIT SUISSE, INVESTMENT