Barclays Ask Shareholders to Come up with £6 Billion

Barclays Bank in the UK has been told by the Bank of England that it needs to fill the shortfall that amounts to £12.8 billion in capital as the finances of the major British bank show signs of being worse than had previously been thought. As a result, the bank is asking shareholders to stump…

China Injects Cash in Bid to Improve Liquidity

The People’s Bank of China decided to inject 17 billion Yuan ($2.7 billion) into money markets today despite having let everyone believe that they didn’t give two hoots about the way things were going, just as long as the bad credit stopped getting granted and the shadow bankers fell off the Great Wall never to…

Daily Global Markets Review - Pending Home Sales Mauls Markets

US Dollar –Down at 81.830, the Sept US Dollar is up 67 ticks and is trading at 81.830.            Energies – September Oil is down at 103.86.       Financials – The September 30 year bond is down 4 ticks and is trading at 134.02.     Indices – The September S&P 500 emini ES contract is up at 1683.75  and is up…

UK Retail Sales Hit High

The UK’s Confederation of British Industry has announced today that things look like they are on the up for retail sales in the UK and that figures in July have reached the highest they have been for the past half year. Retail sales were higher for 43% of those surveyed by the Confederation of British…

Migrant Workers to Save China’s Growth

A new report published by HSBC predicts that one of the only things that might save the Chinese economy from going completely topsy-turvy in terms of economic growth will be the fact that the country has over 260 million migrant workers. Allowing them to settle in urban areas will mean that they may boost the…

Credit-Crunch in China and All Over Asia

The Institute of International Finance (IIF) has released data that shows that the credit crunch in China is hitting harder than was thought at first and is secondly at the worst level since the global financial crisis landed on everyone’s plate. The IIF began the surveys in 2009 as a result of the financial crisis…