Subprime mortgage crisis http://www.globalpost.com/taxonomy/term/26090/all en European shares steady near two-week low, H&M gains http://www.globalpost.com/dispatch/news/thomson-reuters/130115/european-shares-steady-near-two-week-low-hm-gains <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 index flat after 2-week low</p> <p>* ARM Holdings top decliner on broker downgrade</p> <p>* Hennes &amp; Mauritz up on lower-than-expected sales drop</p> <p>By Atul Prakash</p> <p>LONDON, Jan 15 (Reuters) - European shares steadied in the morning session on Tuesday, with a stronger Hennes &amp; Mauritz leading the retail sector higher on a smaller-than-expected drop in December sales and offsetting weaker tech stocks.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/european-shares-steady-near-two-week-low-hm-gains" target="_blank">read more</a></p> Goldman Sachs Investment Subprime mortgage crisis Thomson Reuters Tue, 15 Jan 2013 10:15:38 +0000 Thomson Reuters 5734618 at http://www.globalpost.com European shares hold steady, medium-term uptrend intact http://www.globalpost.com/dispatch/news/thomson-reuters/130115/european-shares-hold-steady-medium-term-uptrend-intact <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 index steady near two-week low</p> <p>* ARM Holdings slips on downgrade, tech shares fall</p> <p>* Hennes &amp; Mauritz up on lower-than-expected sales drop</p> <p>By Atul Prakash</p> <p>LONDON, Jan 15 (Reuters) - European shares steadied on Tuesday after falling for three straight sessions and touching a two-week low, with tech stock losses offsetting gains for retailers after a sales update from Hennes &amp; Mauritz.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/european-shares-hold-steady-medium-term-uptrend-intact" target="_blank">read more</a></p> Financial economics Investment Subprime mortgage crisis Thomson Reuters Tue, 15 Jan 2013 12:46:13 +0000 Thomson Reuters 5734671 at http://www.globalpost.com GLOBAL MARKETS-Shares flat as financials offset growth concerns http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-flat-financials-offset-growth-concerns <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* MSCI world share index dips 0.3 pct, European shares edge up</p> <p>* U.S. equity losses limited by strong Goldman results</p> <p>* Euro recovers as ECB policymaker reassures markets</p> <p>* German 10-year bond auction draws strong demand</p> <p>By Ryan Vlastelica</p> <p>NEW YORK, Jan 16 (Reuters) - World stock markets were flat on Wednesday as strong financial results lifted banking shares, though weak data from Europe raised concerns about the global growth rate.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-flat-financials-offset-growth-concerns" target="_blank">read more</a></p> Economy of the European Union European Union Subprime mortgage crisis Thomson Reuters Wed, 16 Jan 2013 19:22:24 +0000 Thomson Reuters 5735120 at http://www.globalpost.com GLOBAL MARKETS-Shares tick lower, but financials rally http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-tick-lower-financials-rally <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* MSCI world share index dips 0.3 pct, European shares edge up</p> <p>* U.S. equity losses limited by strong Goldman results</p> <p>* Euro recovers as ECB policymaker reassures markets</p> <p>* German 10-year bond auction draws strong demand</p> <p>By Ryan Vlastelica</p> <p>NEW YORK, Jan 16 (Reuters) - World stock markets fell modestly on Wednesday while prices of safe-haven German bonds and U.S. Treasuries rose as weak economic data from Europe raised concerns about the health of the global economy.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-tick-lower-financials-rally" target="_blank">read more</a></p> Economic history European Union Subprime mortgage crisis Thomson Reuters Wed, 16 Jan 2013 19:24:27 +0000 Thomson Reuters 5735159 at http://www.globalpost.com US STOCKS-Wall Street flat as Apple gains, Boeing weighs http://www.globalpost.com/dispatch/news/thomson-reuters/130116/us-stocks-wall-street-flat-apple-gains-boeing-weighs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* JPMorgan, Goldman Sachs earnings jump</p> <p>* Japanese airlines ground Dreamliners after emergency landing</p> <p>* Apple climbs after 3-day slide</p> <p>* Indexes: Dow off 0.15 pct, S&amp;P up 0.02 pct, Nasdaq up 0.23 pct</p> <p>By Chuck Mikolajczak</p> <p>NEW YORK, Jan 16 (Reuters) - U.S. stocks were little changed on Wednesday as concerns about global economic growth and a drop in Boeing shares offset strong bank results and gains in technology stocks.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/us-stocks-wall-street-flat-apple-gains-boeing-weighs" target="_blank">read more</a></p> Dow Jones & Company Investment Subprime mortgage crisis Thomson Reuters Wed, 16 Jan 2013 19:24:38 +0000 Thomson Reuters 5735163 at http://www.globalpost.com GLOBAL MARKETS-Shares flat as financials offset growth concerns http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-flat-financials-offset-growth-concerns-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* MSCI world share index dips 0.3 pct, European shares flat</p> <p>* Financial shares rally after strong results from Goldman</p> <p>* Euro recovers as ECB policymaker reassures markets</p> <p>* German 10-year bond auction draws strong demand</p> <p>By Ryan Vlastelica</p> <p>NEW YORK, Jan 16 (Reuters) - World stock markets were flat on Wednesday as strong financial results lifted banking shares, though weak data from Europe raised concerns about the global growth rate.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-flat-financials-offset-growth-concerns-0" target="_blank">read more</a></p> Economy of the European Union European Union Subprime mortgage crisis Thomson Reuters Wed, 16 Jan 2013 21:05:55 +0000 Thomson Reuters 5735285 at http://www.globalpost.com GLOBAL MARKETS-Shares flat as financials offset growth concerns http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-flat-financials-offset-growth-concerns-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* MSCI world share index dips 0.3 pct, European shares flat</p> <p>* Financial shares rally after strong results from Goldman</p> <p>* Euro recovers as ECB policymaker reassures markets</p> <p>* German 10-year bond auction draws strong demand</p> <p>By Ryan Vlastelica</p> <p>NEW YORK, Jan 16 (Reuters) - World stock markets ended flat on Wednesday as strong financial results lifted banking shares, though weak data from Europe raised concerns about the global growth rate.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/global-markets-shares-flat-financials-offset-growth-concerns-1" target="_blank">read more</a></p> Economy of the European Union European Union Subprime mortgage crisis Thomson Reuters Wed, 16 Jan 2013 21:45:40 +0000 Thomson Reuters 5735314 at http://www.globalpost.com Spain launches housing plan for neediest eviction victims http://www.globalpost.com/dispatch/news/thomson-reuters/130117/eh-spain-launches-housing-plan-neediest-eviction-victims Evictions of those unable to keep up their mortgage payments have become increasingly common in recession-bound Spain and protest and campaigns to help vulnerable families grew last year after the suicides of several people whose homes had been seized.<p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/eh-spain-launches-housing-plan-neediest-eviction-victims" target="_blank">read more</a></p> Business Economy of Spain Public housing Social Issues Subprime mortgage crisis Spain Thomson Reuters Thu, 17 Jan 2013 19:30:00 +0000 Thomson Reuters 5735777 at http://www.globalpost.com Europe's toxic property loan clean-up gathers pace http://www.globalpost.com/dispatch/news/thomson-reuters/130128/europes-toxic-property-loan-clean-gathers-pace <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Tom Bill</p> <p>LONDON, Jan 29 (Reuters) - Sales of European property loans will rise by about 15 percent to 25 billion euros ($34 billion) this year as Spain and Ireland speed the sale of unwanted and bad loans, confronting the extent of the real estate crash as they clear their books.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130128/europes-toxic-property-loan-clean-gathers-pace" target="_blank">read more</a></p> Business Economic history EUR Human Interest National Asset Management Agency Subprime mortgage crisis Technology Thomson Reuters Tue, 29 Jan 2013 00:46:38 +0000 Thomson Reuters 5740820 at http://www.globalpost.com GLOBAL MARKETS-US stocks mixed, Treasuries edge up, dollar falls http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-us-stocks-mixed-treasuries-edge-dollar-falls <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Markets await Fed meeting, data on U.S. and China</p> <p>* Brent oil holds above $113 a barrel</p> <p>* US consumer confidence data dents enthusiasm</p> <p>NEW YORK, Jan 29 (Reuters) - U.S. stocks were mixed, U.S. Treasury prices edged up and the dollar fell to a 14-month low against euro on Tuesday, with investors cautious about a two-day Federal Reserve policy meeting.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-us-stocks-mixed-treasuries-edge-dollar-falls" target="_blank">read more</a></p> Economics Federal Reserve System Subprime mortgage crisis Thomson Reuters Tue, 29 Jan 2013 16:15:24 +0000 Thomson Reuters 5741062 at http://www.globalpost.com Spain banks say ready to turn corner after bleak year http://www.globalpost.com/dispatch/news/afp/130205/spain-banks-say-ready-turn-corner-after-bleak-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Spanish banks are poised for a return to normal activity in 2013 after setting aside billions of euros last year in provisions against potential losses on real-estate loans which holed their bottom line.</p> <p>Combined net profit at the country's six biggest banks plunged in 2012 by 82 percent to 1.86 billion owing mostly to the rise in their provisions.</p> <p>Banco Popular, which unlike its larger rivals has focused largely on the domestic market, paid the heaviest price, recording its first annual loss in its history.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/spain-banks-say-ready-turn-corner-after-bleak-year" target="_blank">read more</a></p> Business Economy of Spain Late-2000s recession in Europe Subprime mortgage crisis AFP Tue, 05 Feb 2013 12:31:02 +0000 Agence France-Presse 5746314 at http://www.globalpost.com Spanish banks say ready to rally after bleak year http://www.globalpost.com/dispatch/news/afp/130205/spanish-banks-say-ready-rally-after-bleak-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Spanish banks are poised for a return to normal activity in 2013 after setting aside billions of euros last year in provisions against potential losses on real-estate loans which holed their bottom line.</p> <p>Combined net profit at the country's six biggest banks plunged in 2012 by 82 percent to 1.86 billion owing mostly to the rise in their provisions.</p> <p>Banco Popular, which unlike its larger rivals has focused largely on the domestic market, paid the heaviest price, recording its first annual loss in its history.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/spanish-banks-say-ready-rally-after-bleak-year" target="_blank">read more</a></p> Business Economy of Spain Late-2000s recession in Europe Subprime mortgage crisis AFP Tue, 05 Feb 2013 12:31:06 +0000 Agence France-Presse 5746315 at http://www.globalpost.com US housing bust a memory, but recovery incomplete http://www.globalpost.com/dispatch/news/afp/130301/us-housing-bust-memory-recovery-incomplete <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>When US homebuilder Pulte announced earnings last month, it boasted higher profits and a surge in new orders as fresh evidence of an improved American housing market.</p> <p>But perhaps the most striking aspect of the report was Pulte's bet on the future. The company boosted its budget for land purchases by 27 percent to $1.2 billion for 2013 and 2014.</p> <p>Still, Pulte chief executive Richard Dugas pledged the group would remain "prudent."</p> <p>"We are not going to chase volume, but intend to invest intelligently," Dugas said on a conference call with analysts.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/us-housing-bust-memory-recovery-incomplete" target="_blank">read more</a></p> Mortgage-backed security Pulte Homes Subprime mortgage crisis AFP Fri, 01 Mar 2013 07:17:38 +0000 Agence France-Presse 5770524 at http://www.globalpost.com household loans-January tally http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/household-loans-january-tally <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 12 (Yonhap) -- Household loans extended by South Korean financial institutions fell by the largest amount ever in January as mortgage lending declined on an expiration of the government's temporary tax breaks on housing purchases, the central bank said Tuesday.</p> <p>Household lending handled by local banks and non-bank institutions totaled 656.2 trillion won (US$599.3 billion) as of the end of January, down 3.6 trillion won from the previous month, according to the Bank of Korea (BOK).</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/household-loans-january-tally" target="_blank">read more</a></p> Bank of Korea Economy of the United States Subprime mortgage crisis Yonhap News Agency Tue, 12 Mar 2013 20:28:33 +0000 Yonhap News Agency 5781670 at http://www.globalpost.com bank lending-February tally http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/bank-lending-february-tally <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 13 (Yonhap) -- South Korean banks' household loans declined for the second straight month in February, but they fell at a slower pace than the previous month on a seasonal factor, the central bank said Wednesday.</p> <p>Local banks' household loans, including home-backed and credit loans, amounted to 461.5 trillion won (US$421 billion) as of end-February, down 1.6 trillion won from the previous month, according to the Bank of Korea (BOK).</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/bank-lending-february-tally" target="_blank">read more</a></p> Economic history Mortgage industry of the United States Subprime mortgage crisis Yonhap News Agency Wed, 13 Mar 2013 03:15:35 +0000 Yonhap News Agency 5781913 at http://www.globalpost.com