One major concern, experts told Bloomberg, is that these companies can’t guarantee that there will be a fair assessment performed by potential investors.
As part of its efforts to regain its financial position, the bank stated that it would be forcing shareholders – many of whom are Spanish citizens – to accept significant losses on their investments.
Due to Japan’s importance in the global economy, both as a major center of finance and technology businesses, volatility in its bond markets could cause a rippling effect in other areas.
News reports from the Italian media have stated in recent days that, despite his official resignation, so-called technocrat Mario Monti, who has served as prime minister since Silvio Berlusconi stepped down, has expressed a willingness to continue serving.
Tense negotiations between the moderate and conservative factions in the House Republican caucus failed to gather enough votes to ensure passage.
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) released the Gross Domestic Product (GDP) readings for the third quarter of 2012 and, according to the results, the U.S. economy grew by a modest 3.1 percent during that period.
Most notably, however, is the concession from U.S. officials that the primary reason that HSBC was not fully prosecuted was that because it is a systemically important institution. In simpler terms, it’s too big to fail.
With a chained CPI, annual benefits wouldn’t accumulate so much. As part of a budget plan, this methodology would create “savings” by virtue of the government accumulating less debt than previously expected.