Asia’s fundamentals, in particular those of Southeast Asia and India, have deteriorated over the last two years. Still, it is both inappropriate and misleading to equate the present situation with that in 1997, the year of the Asian financial crisis. Ranging from measures of external vulnerability to financial system soundness, the present situation is significantly superior. Click here to continue reading the [...]
Park Cities Bank’s holding company, North Texas Bancshares Inc., filed for bankruptcy, citing soured commercial real-estate loans and declining natural gas prices. Click here to continue reading.
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The Texas Municipal Retirement System is investing $250 million in bank loans as it shifts money from equities and bonds. Click HERE for more.
U.K. inflation slowed to 2.6 percent in September from 2.7 percent the previous month, a Bloomberg survey shows. That would leave the rate above the 2 percent target for a 46th month. The Bank of England forecasts price growth will remain above target until 2015, slowing to 1.96 percent in two years. The BOE has failed to [...]
Harrisburg is set to be the first city in three years to lease its parking operations, part of a plan to rid Pennsylvania’s insolvent capital of $363 million of debt from an ill-fated incinerator project. Click here to continue reading.
Another week without top tier government economic data forces market participants to look at secondary and tertiary barometers, as well as anecdotes. There’s no better place to appreciate the true underlying tone of the economy today than the Bloomberg Orange Book. Click here to continue reading.
by Elizabeth Krutoholow Anterior cruciate ligament or ACL reconstruction is more cost-effective than rehabilitation for treating tears, a common knee injury, according to a recent cost-utility analysis. Dr. Richard Mather, assistant professor, department of Orthopaedic surgery, Duke University Medical Center and lead author of the study said the study may aid in treatment decisions for [...]
Westpac Banking Corp. agreed to buy Lloyds Banking Group Plc’s Australian assets as tighter capital rules following the 2008 financial crisis prompt European and U.S. lenders to retreat from the Asia-Pacific region. To continue reading, click here.