13/06/2010 | Economia y Finanzas
Canadian Monthly New Housing Price Index—April 2010
New housing prices rose 2.5% from last year, with Vancouver recording the highest increase at 6.0%.
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16/05/2010 | Economia y Finanzas
U.S. Financial Reform Gaining Momentum in the Senate
A comprehensive, but highly controversial reform bill is now taking shape in the U.S. Senate. If Congress can find a way to take the major negatives off the table—and there has been some movement in this direction in the past week—then the process has the potential to deliver an effective and powerful set of new financial regulations and mechanisms.
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20/02/2010 | Economia y Finanzas
Federal Reserve Makes Technical Adjustment to Discount Rate
The Fed's move to lift the discount rate by 0.25 percentage point to 0.50%, effective Friday, February 19, is largely a technical adjustment, but markets were caught off guard and bond yields jumped. Bernanke will have to clarify the move in testimony to Congress next week.
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26/08/2009 | Economia y Finanzas
U.S. Fed Chairman On Track for Reappointment
President Obama recently announced his intention to recommend the reappointment of Ben Bernanke as chairman of the Federal Reserve Board for a second term. Bernanke still faces potentially tough confirmation hearings in the Senate, but this process is not going to be a show stopper.
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18/01/2009 | Economia y Finanzas
A New Chapter in the U.S. Financial Crisis Unfolds
President-elect Obama requested the second half of TARP funds, $350 billion, from Congress. Bank of America to receive a $20-billion additional capital infusion from TARP I resources, and other official support of troubled assets.
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08/10/2008 | Economia y Finanzas
U.S. House Passes the Modified TARP Legislation
The House passed the modified "troubled asset repurchase plan" (TARP) today with a strong majority, and legislation will be signed by President Bush within days. Mortgage-backed securities should see an immediate lift in prices, even though actual purchases by the Treasury are not expected until November at the earliest.
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08/10/2008 | Economia y Finanzas
U.S. House Passes the Modified TARP Legislation
The House passed the modified "troubled asset repurchase plan" (TARP) today with a strong majority, and legislation will be signed by President Bush within days. Mortgage-backed securities should see an immediate lift in prices, even though actual purchases by the Treasury are not expected until November at the earliest.
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23/09/2008 | Economia y Finanzas
U.S. Treasury Proposes Massive $700-Billion Mortgage Markets Rescue Plan to Congress
The U.S. Treasury added more details to its strategic plan to remove the extreme pressure from the financial system. The Treasury will have authority to issue up to $700 billion of Treasury securities to finance the purchase of troubled assets. Purchases will cover both residential and commercial real estate assets.
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23/09/2008 | Economia y Finanzas
U.S. Treasury Proposes Massive $700-Billion Mortgage Markets Rescue Plan to Congress
The U.S. Treasury added more details to its strategic plan to remove the extreme pressure from the financial system. The Treasury will have authority to issue up to $700 billion of Treasury securities to finance the purchase of troubled assets. Purchases will cover both residential and commercial real estate assets.
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18/09/2008 | Economia y Finanzas
The U.S. Financial Crisis Deepens
The U.S. government takeover puts AIG effectively into conservatorship, similar to the action recently taken on the GSEs—the government will get a 79.9% equity stake in the company, dividends may be suspended, and senior management will be replaced. The Federal Reserve Bank of New York will extend a loan of $85 billion.
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18/09/2008 | Economia y Finanzas
The U.S. Financial Crisis Deepens
The U.S. government takeover puts AIG effectively into conservatorship, similar to the action recently taken on the GSEs—the government will get a 79.9% equity stake in the company, dividends may be suspended, and senior management will be replaced. The Federal Reserve Bank of New York will extend a loan of $85 billion.
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10/09/2008 | Economia y Finanzas
U.S. Treasury Makes Historic Move to Secure the Operations of the GSEs
Government takeover leaves previous shareholders out in the cold, but American households will benefit from lower mortgage rates.
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10/09/2008 | Economia y Finanzas
U.S. Treasury Makes Historic Move to Secure the Operations of the GSEs
Government takeover leaves previous shareholders out in the cold, but American households will benefit from lower mortgage rates.
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17/03/2008 | Economia y Finanzas
The Federal Open Market Committee Takes Extraordinary Steps to Respond to Escalation of Financial Market Pressures
The U.S. Federal Reserve Board, responding to escalating pressures in the financial markets, expanded the range of programs to boost financial market liquidity and cut the discount rate by 25 basis points, to 3.25%.
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28/02/2007 | Economia y Finanzas
Stock Market Reality Check: The Tail Won't Wag the Dog
The Dow Jones industrial index fell 415.22 points, or 3.29%, on Tuesday, February 27, thereby erasing the blue-chip index's year-to-date gains. This was the biggest one-day decline in the index since July 2002. Selling began overnight in Asian markets, before spreading to Europe and ultimately the United States.
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