October 11Th International Financial Media Headlines

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Thestreet: the exchange rate dispute between officials is difficult to reach agreement.

In October 10th, the International Monetary Fund (IMF) and the world bank ended in Washington on 2010. In a three day meeting, it seemed difficult for countries in the world to agree on the issue of exchange rate disputes.

However, countries invariably say that IMF should deal with the best candidate for the global exchange rate problem with escalating tension.

The difficulty of reaching a consensus on exchange rate disputes has cast a shadow over the 20 congressional debate in South Korea next month.

Including the traditional economic powers such as the US and Europe, plus the current economic rookie China, Brazil and India will attend the group of 20 meeting next month.

At present, many countries want to devalue their currencies.

This will stimulate domestic exports and employment.

But the current concern is that these measures to devalue the currency could threaten future trade and create trade disputes.

It is precisely because most countries set up protective barriers to imports that led to the Great Depression of the 30s of last century.

Canadian Finance Minister Jim Jim Flaherty said in an interview: "this is a crucial moment. We need to solve the commitments made by leaders of various countries about free trade and to avoid protectionist measures."

Reuters: senior Federal Reserve officials call for further dividend regulation

Rosengren, chairman of the Boston branch of the Federal Reserve, pointed out last Sunday that the Fed needs to introduce more stringent oversight policies to ensure that the banking sector will reduce the dividend size when it is in a difficult position. This will help the macroeconomic to mitigate the strong impact from the credit market in the future in.

Rosengren made the above statement at the meeting of the International Monetary Fund last weekend.

Rosengren pointed out that during the initial stage of the financial crisis between 2007 and 2009, the actions taken by major banks to cut dividends were very slow, because the executives of these banks were reluctant to convey to the outside world the signals that their operations had been in trouble.

On the other hand, regulatory authorities also slow down the behavior of the banking industry.

Rosengren believes that if the major banks in the initial stage of financial pressure to take the dividend reduction measures to save cash flow, the largest 19 banks in the United States could have avoided nearly $80 billion of capital loss.

Financial Times: euro zone bond investors are accused of overreaction.

A senior official of Organisation for Economic Co-operation and Development recently pointed out that investors in the eurozone bond market are too emotional to judge the risk of default on eurozone bonds, which has made some weak economies in the past reduce their budgets under the pressure of financial markets, leading to further deterioration of their domestic economic situation.

The above view is Blumstein, head of the OECD bond market and public debt management department (Hans Blommestein).

In his interview with the financial times, he pointed out: "the mentality of the market is very negative and not necessarily based on facts.

Bloomberg: IMF considers extending Greek loan term

Smaki, member of the European Central Bank Executive Council (Executive Board), said that IMF might convert loans to Greece into a long-term plan.

The aim of the move is to allow Greece to postpone the repayment time of loans, so that more time can be made to raise funds without restructuring.

In a speech in Washington, Smaki said: "IMF is currently considering this matter carefully, and IMF has now established a corresponding mechanism to extend these loans to Greece."

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Smaki said in an interview with the media: "although these loans are being implemented in different ways, there is a standard procedure.

When IMF thinks that the economic recovery of the countries receiving loans is on track, these short-term loans will be converted into long-term loans through these procedures.

For this decision, Ewald Nowotny, member of the ECB Management Committee and Austria central bank governor, said: "the European Commission, the European Central Bank and IMF have established a very good cooperation project for Greece.

This means that Greece may not need to restructure its loans.

YAHOO Finance: the White House questioned the necessity of suspending all housing foreclosures.

A White House chief consultant questioned last Sunday the need to blindly suspend all foreclosures.

The recent disclosure of data shows that the major banks in the United States are using the imprecise documents to carry out housing foreclosure activities, which has aroused strong dissatisfaction among the American public and political circles, and the pressure on the US government to introduce measures to deal with this problem is also increasing.

David Axelrod, White House adviser, pointed out that the use of reference documents not only had an impact on the US housing market, but also had an impact on the lending institutions.

"This is a serious problem," Akers Rod said.

But he added: "I have reservations about uniform actions throughout the country, because there are likely to be some precise and reasonable housing foreclosure procedures, and these procedures should continue."

Akers Rod also said that the US government has urged loan agencies to speed up the process of checking housing foreclosures.

CNBC: the Federal Reserve is not afraid of loose monetary policy uncertainty.

Although the Fed's new round of measures to increase liquidity supply to stimulate us economic growth is difficult to achieve, it can not prevent the Federal Reserve from trying this kind of economic stimulus again.

According to the plan, a summary of the latest round of policy meetings of the Federal Reserve will be released on Tuesday, which will reveal the attitude of the Federal Reserve officials in launching a new round of asset acquisition projects, the so-called quantitative easing.

Investors generally expect that the Federal Reserve will reveal this mystery at a new round of policy meetings in November.

According to Reuters's survey of 16 first tier brokers, all the agencies involved in the survey predict that the Federal Reserve will return to the bond buying model.

In addition, the rest of the agencies surveyed before excluding the family predicted that the Federal Reserve would decide on the new quantitative easing policy at the meeting from November 2nd to November 3rd.

Economists also believe that the Federal Reserve is bound to take measures to stimulate the economy when the unemployment rate is still close to 10% and the inflation level is low.

Wall Street Journal: companies postpone recruitment to fill vacancies

Industry analysts pointed out that for the current high unemployment rate in the United States, many factors have led to this situation.

These include housing and extended unemployment benefits.

But economists and other professionals believe that the more picky employers are, the higher the unemployment rate.

Experts pointed out that, despite the vacancies in the past, these companies did not seem to do their best to recruit staff to fill vacancies.

First of all, these enterprises have not created enough job vacancies for the society.

Because the future economic situation is confusing, businesses do not have enough confidence in the prospect of rising consumer spending.

At the same time, there is great uncertainty about what kind of tax strategy and regulatory measures the government will implement in the future.

Nikkei: Japan Central Bank urges developed countries to continue to ease monetary policy

In the Eastern Conference of the United States in October 10th, the International Monetary Fund (IMF) and the world bank in 2010 will be concluded in Washington. In the three day meeting, the governor of the Central Bank of Japan urged the developed countries to expand the existing loose monetary policy to an unprecedented scale on the 10 day.

But Masaaki Shirakawa, the governor of the Central Bank of Japan, also said at the IMF and World Bank Conference that there is a risk of implementing a loose monetary policy. Shirakawa Gataaki,

He said: "the implementation of loose monetary policy may lead to those inefficient enterprises survive, which will delay economic recovery to a certain extent, hinder the increase of social production value, and may also generate another bubble."

Shirakawa Gataaki's speech showed his skepticism about the rapid recovery in the economies of developed countries.

Not only that, other countries also suggested to the Japanese central bank that although the bank has decided to implement zero interest rate policy and other measures to stimulate the Japanese economy, the Japanese central bank should seek opportunities to gradually withdraw from loose monetary policy in order to reduce the potential negative effects of these policies in the future.