Topic: BNP Paribas SA

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Mitt Romney would be the wealthiest president ever, Forbes calculates

Forbes Magazine analyzed Mitt Romney's wealth, including investments, real estate, and cash. It found $230 million in assets, while the total for the Obamas is nearly $6 million.
Greece to investors: take a haircut so we can get our bailout (+video)

For Greece to receive its second international bailout, private lenders need to agree to a substantial debt write-off. The deadline for an agreement is tonight.
Greece's debt: What happens if deal fails?

Greece debt default looms if 75 percent of debt-holders don't go along with the negotiated restructuring plan. Even so, market reaction to a disorderly default on Greece's debt could be minimal.
Europeans fear Iran oil embargo will wreck economy

With a proposed embargo on Iranian oil, the European Union and the US could suffer from rising oil prices while Iran simply finds new buyers.
New home sales near all-time low

New home sales in 2011 could be the worst ever, despite a rise in November. Last month saw a 1.6 percent increase in new home sales, far less than what economist had hoped for.
Record low mortgage rates drop even lower

Record low mortgage rates push the average 30-year loan to 3.91 percent. But can these record low mortgage rates last?
Rajoy, Spain's new PM, warns of tough economic road ahead

Spain's new prime minister Mariano Rajoy was sworn in today amid muted optimism that he can make the tough economic reforms that the eurozone wants.
Annual PPI: Wholesale prices rose in September

Annual PPI – a gauge of wholesale prices – rises to 6.9 percent. But without energy and food, core annual PPI up only 2.5 percent.
Stocks rise on hopes for European banks

The Dow rose 131 points to close at 10939 as officials made moves to support Europe's struggling banks
Would Obama's jobs plan help avoid a recession?

Economists from 28 firms offered estimates about the jobs plan to Bloomberg News. They disagreed on how effective it would be – and the cost could be high.
Markets rally after eurozone rescue mission by world's central banks

Five central banks take steps to funnel cash to eurozone commercial banks by year's end. Their aim? Avert a funding freeze – and perhaps another global banking crisis tied to bad debt.
Stocks go up for second straight day

The Dow rose 44.73 points to close at 11,105.85 after a choppy Tuesday session
Stock prices in Europe hit two-year low

Stock prices in Europe fall sharply after G7 finance ministers fail to come up with new measures. Bank stock prices, in particular, tumble over concerns of spreading euro debt crisis.
Rising demand for oil could lead to global double-dip recession

Many are forecasting higher oil prices next year, due to increased global consumption and decreased output from Libya and other oil-producing nations. That could threaten global economic recovery.
Short-selling banned in 4 European countries

Short-selling of certain stocks is now forbidden in France, Italy, Spain, and Belgium. The ban on short-selling comes as concerns about Europe's debt worsen.
Efforts to calm European markets mount, but fail

Markets had rebounded by late in the day, but they're still fragile, economists say. Leaders of France and Germany have announced plans to meet next week to discuss Europe's financial troubles.
'Eurobonds' anyone? Officials call for EU-wide fiscal policies to ease debt crisis

But that hasn't dampened calls from critics who worry that centralizing European Union fiscal policy would impinge on national sovereignty – and possibly even worsen the crisis.
Why America should care about Europe’s economy

In the globally connected economy, financial pain in either Europe or the US has worldwide ripples.
European markets tumble as investors fear Italian default

Investors in Europe have set their sights on Italy, speculating that if a Greek bailout isn't approved and Athens defaults on its government debt, Italy is next.
Why Italy may need a bailout, too

With high debt and falling stocks, Italy appears to be the next European economy on the brink. Investors and European officials are now sounding alarm bells.
Does Greece owe you? How the Greece crisis affects US money market funds

American exposure to the Greece crisis is high in certain areas. Half the assets in the 10 biggest money market funds are invested in European banks, which hold a lot of Greece's debt.
Even your money-market fund could be hit by Greek default

Nearly half of US mutual fund assets are invested in European banks, some of which face big losses in case of a Greek default. Banks could see their ratings downgraded after a Greek default.
Stock markets take a battering

Stock markets in Asia, Europe fall sharply after US stock markets plunge and Greek debt worries rise. Futures point to rebound in the US.
The Daily Reckoning
Gold rises as US interest rates stay down

Gold rises, along with the euro and Australian dollar, after the S&P downgraded its outlook on the US. Gold rises above $1,500 and silver is trading above $44.
Africa Monitor
Five African stories you may have missed during Egypt's revolt

Street protests in Gabon, a punishing stalemate in Ivory Coast, a coming election in Uganda: there is plenty of news even as Africans remain glued to the Egypt revolt. Some of it may affect the price of your next steaming cup of cocoa.