Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-55139 Thu, 02 Oct 2014 11:52:12 GMT Fannie, Freddie Plunge After Court Ruling iehi-feed-55138 Thu, 02 Oct 2014 11:49:42 GMT Ukraine's Collapsing Economy iehi-feed-55137 Thu, 02 Oct 2014 11:48:28 GMT Strikers threaten to blow up French factory, stalling Hollande's bid for economic reforms Striking factory workers in France have threatened to blow up their place of employment in the latest round of hostile industrial action stalling President Francois Hollande's economic reforms.


Pharmacies across the country also shut their doors for the day yesterday and staff took to the streets to protest against government plans to deregulate dozens of professions and trades -- from GP surgeries to taxi firms -- who for decades have been sheltered from open competition.

Chemists, for example, are keen to keep their monopoly on selling painkillers by stopping supermarkets from stocking the pills. Notaries -- lawyers who have the monopoly on property transactions -- have also criticized President Hollande in an attempt to continue limiting the number of people who can enter the profession, in which the average monthly income is €13,000.

iehi-feed-55136 Thu, 02 Oct 2014 11:45:26 GMT 5 reasons bonds may be less safe than you think iehi-feed-55135 Thu, 02 Oct 2014 11:44:33 GMT Russia's second biggest lender reduces dollar loans iehi-feed-55134 Thu, 02 Oct 2014 11:41:33 GMT Banks pull out of dozens of benchmarks after rate-rigging scandals Some of the world's largest banks have stopped contributing to dozens of financial benchmarks to avoid further litigation risk in the wake of the Libor and foreign exchange rate rigging scandals.

Deutsche Bank, Citigroup, JPMorgan, and UBS, among others, have set up task forces to scrutinise submission processes for hundreds of benchmarks in everything from commodities to interbank lending as they seek to cut their litigation and regulatory risk, several people close to the situation said.

The withdrawals have already helped speed up revamps of the silver and gold fixes and reforms to some interbank lending benchmarks so that they are based on actual transactions rather than bank submissions.

But investors warned the crackdown could leave less liquid markets without any benchmark at all and make it impossible to determine whether they are getting fair prices on their derivatives and good returns on their investments.

iehi-feed-55133 Thu, 02 Oct 2014 00:21:59 GMT $23 Billion Is Pulled From Pimco's Flagship Fund Post-Gross Departure In all, investors have pulled more than $50 billion from the Total Return Fund this year. The fund, which Mr. Gross had managed since its inception in 1987, now manages just under $200 billion. That's still enormous, but down sharply from the $290 billion the fund managed just last year.

... mutual fund industry analysts are predicting another wave of redemptions in the coming weeks.. It is believed that much of the initial rush of money out of the Total Return Fund was retail investors selling shares held in brokerage accounts and individual retirement accounts. For public pensions, the process of redeeming money from a fund can take several weeks to complete. First, the pensions await recommendations from their outside consultants, and then the boards that oversee the pensions must gather to vote on what to do.

iehi-feed-55132 Thu, 02 Oct 2014 00:17:46 GMT Stocks slammed as manufacturing slows in U.S., abroad iehi-feed-55129 Wed, 01 Oct 2014 16:04:09 GMT Maria Fernandes died napping in her car between part-time minimum wage jobs iehi-feed-55128 Wed, 01 Oct 2014 15:58:41 GMT Greenspan - Why Beijing Is Buying (Gold) iehi-feed-55127 Wed, 01 Oct 2014 15:41:28 GMT Mass default looms as world sinks beneath a sea of debt - Geneva Report iehi-feed-55126 Wed, 01 Oct 2014 15:37:30 GMT Recovery? 60% Of Greeks Live At Or Below Poverty Levels iehi-feed-55125 Wed, 01 Oct 2014 15:27:46 GMT Europe's €500bn money funds risk AAA downgrade (as ECB Policy 'breaks the buck') iehi-feed-55124 Wed, 01 Oct 2014 15:24:32 GMT Morningstar strips Pimco Total Return Fund of its gold rating iehi-feed-55123 Tue, 30 Sep 2014 23:11:26 GMT China Aims For Official Gold Reserves At 8500t - Chinese Official iehi-feed-55122 Tue, 30 Sep 2014 16:31:45 GMT Case-Shiller: Market Cooled Further in July (READ: RAPIDLY DECELERATING) iehi-feed-55121 Tue, 30 Sep 2014 16:24:42 GMT What the Carmen Segarra Tapes Reveal About 'Spineless' Regulators iehi-feed-55120 Tue, 30 Sep 2014 16:22:48 GMT Murdoch's News Corp. to buy parent of for $950 million (GREAT SYNERGY FOR REAL ESTATE PROPAGANDA!) iehi-feed-55118 Tue, 30 Sep 2014 12:50:54 GMT US senators demand probe into leaked Goldman Sachs tapes iehi-feed-55117 Tue, 30 Sep 2014 12:47:38 GMT Lloyds fires eight over rate manipulation claims