Published on December 7, 2010 by Technology Slice
Treasury To Sell Citigroup Stake – The U.S. Treasury Department plans to sell the rest of its stake in Citigroup Inc., using a public offering to dispose of stock acquired during the taxpayer bailout of the financial system. The Treasury will sell about 2.4 billion common shares, the department said in a statement today in [...]
Tags: Bailout, Citigroup, Citigroup Inc, Common Shares, Common Stock, Department Of The Treasury, Depositors, Financial Crisis, New York Stock, New York Stock Exchange, News Release, Public Offering, Stake, Treasury Department, U S Department, U S Treasury, U S Treasury Department, Ust, Warrants, York Stock Exchange
Posted in Money
Published on June 3, 2010 by Technology Slice
Stimulus Spending Propping Economy Up – The economy grew 0.5 per cent in the March quarter, driven by a further 11.6 per cent rise in government construction spending, which accounted for more than all of the economic growth offsetting slides in business investment, private housing investment and exports.
Tags: Barnaby Joyce, Business Investment, Doors, Economic Growth, economy, Finance Ministers, Financial Crisis, G20, Government Construction, Gruen, korea, Parliament, Senate Estimates Committee, Slides, Small Business, Stimulus, Swan, Treasurer Wayne, Treasury Official, Wayne Swan
Posted in Money
Published on May 7, 2010 by Technology Slice
Greece Debt Problems Cause Massive Drop In Stocks – The stock market had one of its most turbulent days in history as the Dow Jones industrials fell to a loss of almost 1,000 points in less than half an hour on fears that Greece’s debt problems could halt the global economic recovery. The market’s plunge [...]
Tags: Austerity Measures, Debt Problems, Dow Jones, Dow Jones Industrials, economic recovery, European Countries, Fears, Financial Crisis, Greek Parliament, Half An Hour, Indexes, Massive Drop, Parliament, Percentage Drop, Plunge, Protestors, Protests, Stock Market, Turbulent Days, Worries
Posted in Money
Published on May 4, 2010 by Technology Slice
Vote Begins On Wall Street Reform – The U.S. Senate will cast its first votes on Tuesday on a sweeping Wall Street reform bill, with passage of a handful of uncontroversial amendments expected and a key procedural question still unsettled. A 60-vote rule would make winning passage for any amendment — and there are more [...]
Tags: Amendments, barack obama, Capital Markets, Case Basis, Democratic Leader, Democrats And Republicans, Financial Crisis, Fraud Case, Goldman Sachs, Harry Reid, Oversight, Policy Objective, Political Momentum, Procedural Question, Raft, recession, Recurrence, Senate Bill, U S Senate, Wall Street
Posted in Politics
Published on April 21, 2010 by Technology Slice
Household Debt And Mortgages Grow – The effort by households to rein in their debt in the wake of the financial crisis was short-lived, with rising property prices pushing home buyers to take on bigger loans than ever. Reserve Bank calculations show that the total mortgage debt is 38.2 per cent bigger than national household [...]
Tags: Asset Prices, consumer confidence, Financial Crisis, First Home Buyers, Household Debt, Household Income, Households, Incentives, Loans, Mortgage Debt, Mortgages, National Household, Rapid Growth, Second Half
Posted in Money
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