The Group of Eight nations began considering how to reverse the emergency steps they took to rescue the world economy as it shows signs of recovery.
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G-8 starts planning stimulus exit strategies on recovery signs
June 14 2009, 3:16pm | Comments »
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Private Equity Firms are Skeptical About 2009 Recovery
According to a survey conducted by Rothstein Kass in May 2009, private equity industry is skeptical about current market rally. Based on survey, more than 90% of middle-market private equity fund managers believe that the credit crisis will last into next year. Despite that pessimism, most firms hope to raise capital this year and plan to take a more active role in running their portfolio companies to combat the weak economy. More specifically, 83% of respondents expect new investors to enter the market, though not to the exclusion of high net-worth investors, from whom 77% of those surveyed expect to see new money. By contrast, only 43% expect institutional investors as a major source of new capital. Also, Rothstein’s survey shows that most private equity managers don’t expect a recovery until the middle of next year. Managers are looking for ways to improve the returns of their portfolio companies. Nearly four in five expect to have greater involvement there, up from 63% last year. A second Rothstein Kass survey of ultra-high net-worth investors finds that only 24% are highly satisfied with their current private equity investments. This shows that investors are worried about private equity firm’s returns and expect a prolonged period of economic weakness.
June 12 2009, 10:55pm | Comments »
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US Morning Notes - USD lower pressured by signs of global recovery ...
FX Highlights USD is trading lower pressured by a rally in crude oil above $71 a barrel improving risk sentiment as equity markets rise and report that Russia.
Forex News - http://forex.pagemyx.com/
June 11 2009, 5:05am | Comments »
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ECB’s Liikanen: Sees no rapid global economic recovery
ECB’s Liikanen says he sees some signs of stabilisation in the global economy and the worst could be over, but doesn’t expect a rapid economic recovery. The official sees the operability of the global financial system as still very limited, and sees a risk that credit losses will erode financial institutions’ standing and ability to lend. Liikanen says the ECB never precommits on rates, and reiterates that the governing council has not decided this is the lowest level of rates.
June 9 2009, 11:23am | Comments »
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