The details: The European leveraged finance primary and secondary markets were buffeted by volatility. This follows comments made by the Fed chairman for tapering off support for quantative easing. Loan issuance was 7.6 billion in June 2013, while high yield issuance was just 2.9 billion. According to JP Morgan HY research: estimated outflows out of European HY funds was almost 1.5 billion for June versus inflows of 3.8 billion till the end of May.
Strauss-Kahn Re-emerges in Finance, in Russia
It is one of the first prominent job offers since Mr. Straus-Kahn, a French economist and political leader, resolved the last of his legal troubles this year. View all posts Article Tools Mr. Strauss-Kahn was arrested in the United States in 2011 on charges, later dropped, of assaulting a maid in a New York hotel. He later faced charges in France, also eventually dismissed, of involvement in a ring that obtained prostitutes for sex parties.
Flaherty Remains at Finance in Canada Cabinet Shuffle
Tepid growth also threatens Harpers reputation as strong handler of the economy. Its easy to take credit when youre doing better than your neighbor to the south, but if theres a perception that the U.S. economy is starting to pull away, Canadians will start to ask questions, said Nik Nanos , a pollster for Ottawa-based Nanos Research. I cant see the Conservatives focusing on anything else other than the economy. Large Shuffle Todays shuffle comes at the midpoint of the governments mandate, with elections scheduled for 2015. Lisa Raitt, a Toronto lawmaker, moves to the transport department from the labor ministry.
Egypt’s new finance minister faces daunting task
“Dr Galal describes himself as an ‘eclectic’ economist. He has been a long and firm believer in the importance of inclusive growth and education in contributing to inclusion and competitiveness,” said Amina Ghanem, a former deputy finance minister. “Fiscal policy for him would not be a budget deficit number, it would be about growth, empowerment and human development,” said Ghanem, who served under four finance ministers until shortly before Mohamed Mursi was elected president in mid-2012. The army ousted Mursi, Egypt’s first freely elected leader, on July 3 after millions of Egyptians poured into the streets to protest against the Islamist president and his government.