Fiat Chrysler says it wants to merge with Renault to create an auto behemoth and better face the stark challenges confronting the auto industry. Despite the synergies, the road to the tie-up is paved with...
Mortgages purchased by Fannie Mae and Freddie Mac were sold in the market through Securitization – a financial mechanism under which various contractual debts/loans like home loans, auto loans, credit card debt/loan obligations, etc. are...
In the first quarter, the credit-card “charge-off” rate at the 4,650 or so smaller US commercial banks – all banks other than the largest 100 banks – ticked down to 7.37%, the sixth quarter in...
Google is suspending some services for Huawei smartphones after the Chinese company was placed on a US trade blacklist. The move effectively bars Huawei from making phones and tablets for sale outside China. US President...
Equities are paring some of their recent losses. The MSCI Asia Pacific Index is posting its first back-to-back gain in a month, led by a more than 1% rally in China. Heightened prospects for an...
Chinese exports to the US have been subject to the Trump tariffs since last July. According to the US President, this is wrecking the Chinese economy but does the Asian power ultimately have more stomach...
The euro is at a crossroads as it turns 20, and some believe it might not make it to 30. As the single currency doesn’t seem to benefit all, its role was a main topic...
It looks so easy on paper. China can sell its holding of US Treasuries and/or weaken the yuan to offset the tariffs and boost exports. It is the first and easy answers from strategists, journalists,...
The genesis of the financial crisis of 2007-2009 lies in the housing loan market of the U.S.A. A housing/mortgage loan in the U.S.A during the 1930s had extremely unusual structure biased towards the lenders –...
In April, total assets on the Fed’s balance sheet fell by $46 billion, as of the balance sheet for the week ended May 1, released Thursday afternoon. This drop reduced the assets to $3,890 billion,...
France and Germany have asked the EU executive to approve state subsidies for a cross-border battery cell consortium to curb Asia’s market dominance. German analyst Marcel Weiss says the investment might not be worth it....
After closing at record highs on Tuesday, the S&P 500 slipped yesterday, and the Dow Jones Stoxx 600 snapped an eight-session advance. Asia followed suit, with the Shanghai Composite posting its biggest loss (~2.4%) in...
