12th September 2011
From the New York Times, all of the anxiety of the stock market erratic behaviour has caused experts to ask whether there are new forces at work in the stock market that make trading permanently more erratic.
The Financial Times is reporting, Britain's banks face an annual bill of as much as £7bn ($9.5bn) to comply with the reforms of the Vickers commission, according to the panel's final report into the reform of banking in the UK, published on Monday.
Stock market news from the Wall Street Journal, European stocks opened sharply lower Monday amid deepening concerns about a possible Greek default, while the euro slumped to a 10-year low against the safe-haven yen.
Reuters is reporting the news from the eurozone and what is causing a disappointing market report this morning, debt-laden Greece has cash to operate until next month, the country's deputy finance minister said on Monday, highlighting the country's need to qualify for the next tranche out of its ongoing EU/IMF bailout.
And from the Telegraph, Philipp Roesler, Germany's economy minister, said an "orderly default" for Greece could no longer be ruled out and branded the country's deficit-reduction measures "insufficient".
David Cameron will today announce trade deals with Russia worth £200m including plans to co-operate over civil nuclear energy as part of attempts to recalibrate Britain's relationship with Moscow, reports the Independent.
In the BBC News, household budgets could be squeezed for the next 10 years as the impact of tax rises and cuts is felt, the Institute for Fiscal Studies (IFS) has warned.
While equities, industrial metals and currencies have all been feeling the jitters of a world threatening to tip into recession, there is one commodity class showing few signs of ending its bull run, reports the Telegraph.
The Guardian is reporting, the directors of Britain's largest companies have secured above-inflation pay rises and larger than normal bonuses this year in a rush to make up for the recession pay freeze.
Also from the Guardian, Britain's trade unions must build a movement for an "economic alternative" rooted in green technologies and forcing banks to lend to small businesses, the leader of the TUC says on Monday.
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