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Latest Baltic States Banking News

  • Latvian central bank: economy will have contracted by total of 37 percent during recession 2 Dec 2009 13:37 GMT
    ... RIGA, Latvia (AP) - Latvia's central bank said Wednesday that its economy will have lost over a ...

  • Latvia: recession will have cost 37 pct of economy 2 Dec 2009 13:34 GMT
    ... Latvia's central bank said Wednesday that its economy ... past two years due to the recession. The Bank of Latvia wrote in its macroeconomics report ...

  • On the Sovereign Debt Crisis and Debt Servicing Cost Mentality 2 Dec 2009 07:39 GMT
    ... Given the spate of articles in the business press ... The same was true in places like Latvia, Spain and Ireland – and to a ... no effort to reduce overcapacity in autos, banking, housing or elsewhere in the bailout nation. ...

  • EMERGING MARKETS-Broad assets recover, Gulf stocks fall 2 Dec 2009 05:16 GMT
    ... Dubai World said late on Monday it would restructure ... 3.57 percent to 6-month lows, pressured by banking and real estate shares. ) officials said ... its trading band against the euro as Latvia votes on its 2010 budget on Tuesday, ...

  • A Warning from the Desert with More to Come 2 Dec 2009 04:30 GMT
    ... only has to think of the hapless Baltic country states where GDP has been falling ... only seems a matter of time before Latvia, already on IMF life support, will be ... would have untoward consequences for the Swedish banking system that is overly exposed to that ...

  • UPDATE 2-Latvia backs tough 2010 budget amid protests 1 Dec 2009 21:17 GMT
    ... By Patrick Lannin RIGA, Dec 1 (Reuters) - Latvia's parliament backed a 2010 crisis budget of ... is one of the toughest since the Baltic state regained independence from the Soviet Union ...

  • Confidence crisis over Dubai 1 Dec 2009 20:32 GMT
    ... The fate of state-run Dubai World grew more muddled ... Greece; in Spain; in the Baltics, especially Latvia.” Though the United States and Japan have ... Dubai may deal another blow to European banks in particular sent markets down from London ...

  • Where's the next Dubai? 1 Dec 2009 19:20 GMT
    ... Greek voters responded by toppling the government and putting ... has already provided ample support to Greek banks via cheap loans. But the finance minister ... aren't far behind. The export-dependent states of Latvia and Ukraine continue to struggle even with IMF ...

  • In Wake of Dubai, Trying to Predict the Next Crisis 1 Dec 2009 17:51 GMT
    ... burdens are even greater in Ireland and Latvia, where economic booms driven by easy credit ... mere two years ago. Like Latvia, the Baltic states of Lithuania and Estonia remain worryingly exposed, as do ...

  • Dubai May Be Least Of World's Debt Problems 1 Dec 2009 17:36 GMT
    ... It's not just Latvia, Ukraine and Dubai that are cause for ... buying (which includes that of foreign central banks) of U.S. debt jumped to 45% of ...

  • After Dubai debacle, wondering where the next debt bombs lurk 1 Dec 2009 17:11 GMT
    ... Like overstretched American homeowners, governments and companies across the ... they might turn out to be. Big banks that have only just begun to recover ... burdens are even greater in Ireland and Latvia, where economic booms fuelled by easy credit ...

  • Borrowing Binge Bills Come Home to Roost 1 Dec 2009 15:54 GMT
    ... highly indebted corporations and governments. From the Baltic to the Mediterranean, the bills for an ... burdens are even greater in Ireland and Latvia, where economic booms fueled by easy credit ... ago. Like Latvia, the Baltic states of Lithuania and Estonia remain worryingly exposed, as do ...

  • After Dubai, will there be more debt shocks? 1 Dec 2009 15:12 GMT
    ... burdens are even greater in Ireland and Latvia, where economic booms fueled by easy credit ... mere two years ago. Like Latvia, the Baltic states of Lithuania and Estonia remain worryingly exposed, as do ...

  • Dubai debt 'not guaranteed' 1 Dec 2009 15:11 GMT
    ... The Dubai government has said it will not guarantee ... cannot support its own companies. Greece and Latvia are paying more for their debt, thanks ... the Emirates. The bank added that the banking system in the UAE was more sound ...

  • Nikkei closes at two-week high 1 Dec 2009 14:53 GMT
    ... a two-week closing high on Tuesday after the Bank of Japan said it would hold an ... take steps to support the economy. Japan’s central bank called an emergency policy meeting as the ... shares of shipping firms fell after the Baltic Exchange’s main sea freight index, which tracks ...


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