Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-54463 Wed, 23 Jul 2014 21:35:45 GMT Retail sales forecast lowered for 2014 after slow first half iehi-feed-54461 Wed, 23 Jul 2014 21:14:42 GMT reek sovereign debt at 174.1 percent of GDP in first quarter iehi-feed-54460 Wed, 23 Jul 2014 21:11:36 GMT U.S. Poised to Label MetLife a Potential Threat to the Financial System iehi-feed-54459 Wed, 23 Jul 2014 18:59:54 GMT Putin's Ukraine Woes Compounded by $103 Billion Yukos Claim Russia will discover next week how much it may be asked to pay for the confiscation a decade ago of Mikhail Khodorkovsky's Yukos Oil Co., then the country's biggest oil producer.

The Permanent Court of Arbitration in The Hague will rule on July 28 on a $103 billion damages claim the company's former owners filed against Russia in 2007. There's "very limited room" for appeal and Russia will resist paying, so any amount awarded would trigger a global legal battle to seize state property, including assets of OAO Rosneft (ROSN), which acquired most of Yukos in a series of forced auctions, Van Harten said.''

iehi-feed-54454 Wed, 23 Jul 2014 15:03:32 GMT Argentine default in balance as government refuses to capitulate iehi-feed-54453 Wed, 23 Jul 2014 14:59:49 GMT Draghi Cedes Euro Control to Yellen on Fed Rate Wagers iehi-feed-54452 Wed, 23 Jul 2014 14:56:49 GMT Wall Street Cut From Guest List for Jackson Hole Fed Meeting iehi-feed-54451 Wed, 23 Jul 2014 01:45:36 GMT NY Fed found serious problems at Deutsche Bank's U.S. arms iehi-feed-54448 Tue, 22 Jul 2014 14:33:11 GMT German Economy Hit by US, EU Sanctions on Russia Even prior to the sanctions, the Russian economy had been struggling. Now, though, the Ukraine crisis is beginning to make itself felt in Germany as well. German industry's Committee on Eastern European Economic Relations believes that the crisis could endanger up to 25,000 jobs in Germany. Were a broad recession to befall Russia, German growth could sink by 0.5 percent, according to a Deutsche Bank study.


The most recent US sanctions, warns Eckhard Cordes, head of the Committee on Eastern European Economic Relations, have placed an additional strain "on the general investment climate." Particularly, he adds, because European companies have to conform to the American penalties.

iehi-feed-54447 Tue, 22 Jul 2014 14:30:24 GMT China's meaningless GDP figures iehi-feed-54446 Tue, 22 Jul 2014 14:29:31 GMT Flint manager warns of bankruptcy over retiree costs iehi-feed-54445 Tue, 22 Jul 2014 14:26:11 GMT Report: Drastic fall in new gold discoveries iehi-feed-54444 Tue, 22 Jul 2014 14:22:43 GMT Juncker faces political test as fines loom on illegal German trade surplus iehi-feed-54443 Tue, 22 Jul 2014 14:20:54 GMT Serious Fraud Office set to launch criminal probe into forex rigging iehi-feed-54442 Tue, 22 Jul 2014 14:19:33 GMT The dollar's 70-year dominance is coming to an end iehi-feed-54441 Tue, 22 Jul 2014 01:06:05 GMT ‘BRICS Bank capital might not be held in US dollars' iehi-feed-54439 Mon, 21 Jul 2014 21:05:32 GMT Wall Street Adapts to New Regulatory Regime Under Dodd-Frank "Dodd-Frank certainly catalyzed substantial amounts of simplification, and we're moving well beyond that through our own initiatives," said James Mahoney, a Bank of America spokesman.

The new regulatory regime is also prompting banks to add thousands of staffers to help ensure compliance. By the end of this year, J.P. Morgan Chase JPM 0.00% & Co. expects to have added 13,000 employees focused on regulatory, compliance and control efforts, Chief Executive Officer James Dimon said in his annual shareholder letter. John Gerspach, Citigroup's chief financial officer, told investors Monday the company will likely end the year with 30,000 people dedicated to regulatory and compliance efforts, a 33% increase from 2011, even as Citigroup cuts its overall headcount.

Bank regulators point to the changes on Wall Street as evidence their efforts to suck risk out of the financial system are working. "Really we're in a substantially different place, and a much improved place," said Thomas Curry, comptroller of the currency.

But the banks' efforts are not enough to damp worries among some policymakers and lawmakers that the broader economy remains vulnerable to the potential collapse of a large, interconnected financial firm. Banks' are getting hungrier for risk as they try to compensate for sluggish economic growth, ultra-low interest rates and higher regulatory costs though appetites remain subdued compared to pre-crisis levels.

U.S. leveraged syndicated lending totaled $1.244 trillion in deal volume in 2013, up from $893 million in 2012 and surpassing the 2007 peak of $1.191 trillion, according to data from Dealogic. Banks provide the vast majority of the leveraged loans to fund buyouts.''

iehi-feed-54438 Mon, 21 Jul 2014 18:08:45 GMT Ukraine crash: Separatists reportedly turning over bodies, black boxes iehi-feed-54437 Mon, 21 Jul 2014 13:40:38 GMT The Subprime Auto Loan Bubble Bursts iehi-feed-54436 Mon, 21 Jul 2014 13:36:12 GMT UBS Warns Everything Is Overpriced, Prepares For Sell-Off