At a conference in Ukraine's Black Sea resort of Yalta, International Monetary Fund Director Dominique Strauss-Kahn said the world economy remained stuck "between the ice of recession and the fire of inflation, " and added that while the world financial market crisis was largely over, its consequences would be felt for some time to come.
It included 13 of the top 25 financial institutions in the world by market capitalization.
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He said that at some level, the magnitude of the reaction, the economic reaction worldwide, to the subprime problems here might be deemed surprising given the small size of the U.S. subprime market relative to world financial markets, which does make a lot of sense.
He encouraged business leaders to look upon the London Stock Exchange as the world's "most approachable" financial market.
These are the top-tier Islamic scholars whose stamp of approval is required before the world's banks can market a new financial product as being consistent with Islamic law.
The US will attract a world of investors as it still is the reigning financial market champion.
Thus was born the International Money Market, the world's first financial futures exchange, which was then taken over by the Merc.
Still, Johannesburg, which started life as a gold-rush town, is very much a go-go business city and the headquarters for most of South Africa's international companies. (This can be double-edged: Anglo Platinum recently poached its new chief executive, Ralph Havenstein, from Sasol.) It boasts the 21st-largest stock market in the world, and its financial officials have managed a respectable rebound from the 2002 rout of the rand.
But ten years ago it was at the centre of emerging-market financial crises, acting as the world's financial fireman.
Gensler first made the push to replace Libor last summer saying the financial world needs a rate that was tied to actual market transactions rather than what are essentially guesses by banks about their own daily borrowing rates.
Gensler first made the push to replace Libor last summer saying the financial world needs a rate that was tied to actual market transactions rather than what are essentially guesses by banks about their own borrowing daily rates.
And this is why I turned bullish on the stock market in late 2008 when everybody thought the financial world was coming to an end.
Martin Wheatley, Hong Kong's chief stock markets regulator, may not have been hired in 2005 to get tough on the world's seventh-largest securities market, but the global financial crisis is certainly forcing him to beef up oversight.
Ironically, the government's failure to restore public confidence in banks may be good news for its own postal savings system, which, as the world's biggest financial institution, controls about a third of the savings market and is badly in need of reform.
We have taken a company that was in dramatic situation with losses and lack of investment and we have built up a company which is very strong in the world market and has a very good image with customers from the financial community and the industrial community.
In May the company made headlines when it and Reuters announced their agreement to a takeover that would create one of the world's largest financial news providers, one that would just about trump the market share of rival Bloomberg (See "Thomson Wins Reuters").
For retail investors, however, the still-unexplained market plunge offers a window into how your broker reacts when the financial world is in a tailspin.
The U.S. stock market "is the most dynamic and efficient market in the world, " Chris Concannon, executive vice president of Virtu Financial LLC, a New York high-speed trading firm, will tell the Senate panel, according to his prepared testimony.
"New York remains the world's financial capital, and it makes sense to be based here in the heart of market activity, " says Henry Paulson, Goldman's chairman.
"New York remains the world's financial capital, and it makes tremendous sense to be based here in the heart of market activity, " Goldman Chairman Henry Paulson says.
Despite the screw-up, the mega-merger is being touted as the prototype for what the utility world could look like one with financial muscle that is able to increase its leverage in the market.
But with EU again on the brink of financial disaster, according to a recent World Bank report, and the U.S. job market still lackluster, calling out China on trade matters has become a favorite policy initiative for politicians.
It'd be hard to find a hotter stock than the Chicago Mercantile Exchange, the world's largest open-outcry derivatives market that some have called the " Google " of the financial sector because of its high-flying price surge.
It'd be hard to find a hotter stock than the Chicago Mercantile Exchange (nyse: CME - news - people ), the world's largest open-outcry derivatives market that some have called the " Google " of the financial sector because of its high-flying price surge.
The ribbons of market tape piled up at Joe Granville's feet are the metaphor for our shattered financial world.
In 2008 the Financial Times placed it fourth on its list of the world's top 500 corporations, as ranked by market capitalization.
It is the financial world of which London will remain the epicentre only if it rises to the challenge of the single capital market.
Alternatives have existed for years, and many of the world's largest financial institutions have used various tools for measuring credit risk that could be applied to the broader market.
Delayed and insufficient responses by eurozone leaders have turned the crisis of Greece, which represents less than 2.5% of eurozone GDP, into a market storm that could engulf not only Spain and the rest of the periphery, but the world financial system.
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