The European Central Bank, as expected, raised interest rates a quarter point to 4.25% in a bid to attack inflation despite signs of weakening growth. The U.S. Federal Reserve, meanwhile, appears to be on hold for the coming months — despite rising inflation concerns — to give the economy more time to recover from the turmoil in housing, credit, labor and energy markets. Their divergence might be explained by the central banks’ mandates: the ECB is charged with maintaining price stability first, while the Fed aims to achieve low inflation and optimal growth at the same time.
But the difference in mandates or even economic circumstances between the U.S. and Europe don’t quite account for the divide, Deutsche Bank economists say in a research note this week titled “ECB is from Mars and Fed is from Venus.” As chief economist Peter Hooper explains, “The two central banks are reacting to relatively similar economic and financial circumstances...
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Iran News Round UpFrom: corner.nationalreview.com
Post Date: 2008-10-06 13:23:11
(E) signifies English link
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U.S. tool Company DeWalt featured at Iran International Industrial Trade Fair.
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In a reaction to increased taxation, the famous Isfahan bazaar stages a two day strike.
Former Finance Minister Danesh-Ja’fari supports ousted Central Bank director Mazaheri and warns against more ousting of experts.
Economics committee member Dalagh-Pour warns against "subjecting the Central Bank to a state of permanent ...
CDS report: Just another manic MondayFrom: ftalphaville.ft.com
Post Date: 2008-10-06 04:42:52
European credit markets opened much weaker Monday morning, depressed by the rout in falling equity markets and falling prices of cash bonds as European governments continue to try and prop up their banks across the region.
Deutsche Bank’s Jim Reid noted that while equity markets are not particularly stressed,......
Coca-Cola downgraded to hold at Deutsche BankFrom: informedtrades.com
Post Date: 2008-10-06 02:14:03
LONDON (MarketWatch) -- Deutsche Bank downgraded Coca-Cola Co. to hold from buy, saying the company faces slower volumes at home and abroad as well as currency headwinds. The broker said it expects Coca-Cola to flag a tougher trading environment in the fourth quarter. It also questioned whether any U.S. bottlers or brand owners will benefit in the short-term by the likely 7% to 9% price increases indicated going into 2009. "Normally, following a year of disappointing volume growt...
ArcelorMittal cut to hold by Deutsche BankFrom: marketgawk.com
Post Date: 2008-10-06 06:52:19
LONDON (MarketWatch) — Deutsche Bank lowered its rating on ArcelorMittal to hold from buy and trimmed its forecasts for benchmark steel prices. On ArcelorMittal specifically, the broker said the downgrade is on its exposure to international steel prices and its financial leverage. It cut price targets by an average of 5% for the [...]...
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Scoble Sellout Part Three? - Twitter AdvertsFrom: informationpile.com
Post Date: 2008-05-06 03:10:47
Here’s the third update to our January and April posts: Uber-blogger Robert Scoble, who in 2006 argued that having advertisements on blogs destroys trust, appears to be no longer content with… adding advertisements to his blog. Now he’s experimenting with Twittering adverts for perennial sponsor Seagate. He later twittered “I am just having a little fun getting a conversation about microblog advertising going”. That may be so but it will be interesting to see how t...
What To Do With Failed Startup IP?From: informationpile.com
Post Date: 2008-05-06 02:26:58
Jaisen Mathai, a Yahoo engineer, asks a good question: What can we do with failed startup intellectual property that might help the community?
The large majority of most startups fail, and a lot of them have software, patents and other intellectual property that may be of value to the community. This IP could help those startups avoid wasting time reinventing the wheel, find creative ways to solve problems, etc. In a perfect world, the best of this property would be made available via a clearing...
Here’s A Hosting Provider You’ll Probably Want To AvoidFrom: informationpile.com
Post Date: 2008-05-06 01:46:43
Websites go down every day (see, for example, Twitter), but this is the first time I’ve heard that the reason for an outage was due to servers being stolen from a data center.
That’s what appears to have happened to PeterGabriel.com. His site is down (along with nine related sites) and shows the message above stating that their servers were stolen from their ISP’s data center on Sunday evening. The Register tracks the hosting provider to a company owned by Carp...
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