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<title>IBTimes.co.uk : Articles by Moran Zhang</title>
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<item>
    <title><![CDATA[Did Fannie Mae Overpay Bank Of America For Servicing Rights?]]></title>
    <description><![CDATA[The taxpayer-owned Fannie Mae paid more than legally required to Bank of America Corp. (NYSE: BAC) and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011. The mortgage giant argues that while it paid a premium over the minimum required price, it paid for the transfers at an “appropriate rate.”.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/385649/20120918/fannie-mae-overpay-bank-america-bac-servicing.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/385649/20120918/fannie-mae-overpay-bank-america-bac-servicing.htm</link>
    <pubDate>Tue, 18 Sep 2012 11:46:40 +0100</pubDate>
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    <title><![CDATA[Tax Cuts For The Rich Don’t Lead To US Economic Growth, But Income Inequality: Study]]></title>
    <description><![CDATA[Tax cuts for the rich don&#039;t seem to be associated with U.S. economic growth and instead are linked to a different outcome: greater income inequality in the U.S. These findings will likely fuel the already bitter political fight over extending the Bush tax cuts for upper-income groups.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/385509/20120918/bush-era-tax-cut-extension-obama-romney.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/385509/20120918/bush-era-tax-cut-extension-obama-romney.htm</link>
    <pubDate>Tue, 18 Sep 2012 06:11:06 +0100</pubDate>
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    <title><![CDATA[China’s Economy To Rebound Sooner, Stronger Than Expected - Nomura]]></title>
    <description><![CDATA[While market sentiment for China&#039;s growth outlook has been overwhelmingly negative, Nomura&#039;s Chief China Economist Zhiwei Zhang remains very bullish.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/385193/20120917/china-economy-gdp-rebound-q3-infrastructure-investment.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/385193/20120917/china-economy-gdp-rebound-q3-infrastructure-investment.htm</link>
    <pubDate>Mon, 17 Sep 2012 11:27:01 +0100</pubDate>
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    <title><![CDATA[Fed Speakers, Housing Data, Manufacturing PMI: Economic Events For Sept 17-21]]></title>
    <description><![CDATA[The continued weakness of the global economy will probably keep U.S.manufacturing purchasing managers indexes at low levels in September. Meanwhile, economists expect August&#039;s housing data to indicate the recovery in that sector remains intact.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/384585/20120914/housing-starts-manufacturing-pmi-week-economic-event.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/384585/20120914/housing-starts-manufacturing-pmi-week-economic-event.htm</link>
    <pubDate>Fri, 14 Sep 2012 16:36:39 +0100</pubDate>
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    <title><![CDATA[FedEx, General Mills, Oracle, Adobe: Earnings Reports To Watch, Sept 18-21]]></title>
    <description><![CDATA[Analysts expect companies in the S&P 500 to post negative revenue growth rate in the third quarter. Meanwhile, profits are expected to decline by 2 percent for the period.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/384332/20120914/fedex-general-mills-oracle-adobe-earnings-reports.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/384332/20120914/fedex-general-mills-oracle-adobe-earnings-reports.htm</link>
    <pubDate>Fri, 14 Sep 2012 06:13:38 +0100</pubDate>
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    <title><![CDATA[US Initial Jobless Claims Rise To 382,000 - Higher Than Expected]]></title>
    <description><![CDATA[The four-week average of initial U.S. jobless claims rose last week to its highest level in nearly two months, yet another indication of the nation&#039;s anemic job creation ability.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/383936/20120913/initial-jobless-claims-sept-13-unemployment.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/383936/20120913/initial-jobless-claims-sept-13-unemployment.htm</link>
    <pubDate>Thu, 13 Sep 2012 08:44:40 +0100</pubDate>
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    <title><![CDATA[Is China’s Stimulus For Real? Economists Lower 2012 Growth Forecasts]]></title>
    <description><![CDATA[China&#039;s economic slowdown is expected to reach its nadir in the third quarter, leaving growth for 2012 likely to fall below 8 percent, a level unseen since 1999. While top Chinese leaders remain confident that the world&#039;s second-largest economy still has &quot;ample strength&quot; in eithe...]]></description>
    <guid>http://www.ibtimes.co.uk/articles/383893/20120913/china-stimulus-real-2012-gdp-growth-forecast.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/383893/20120913/china-stimulus-real-2012-gdp-growth-forecast.htm</link>
    <pubDate>Thu, 13 Sep 2012 07:02:36 +0100</pubDate>
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    <title><![CDATA[German ESM Ruling: World Stocks Rally, But Don’t Sound The All-Clear Yet]]></title>
    <description><![CDATA[Market bulls charged on Wednesday -- running U.S. stock futures, European stocks, the euro, oil and gold higher -- in the wake of a German court ruling that backs the country&#039;s participation in the euro zone&#039;s new bailout fund created to prevent the weakest euro economies from going bust.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/383507/20120912/german-esm-court-ruling-angela-merkel-spain.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/383507/20120912/german-esm-court-ruling-angela-merkel-spain.htm</link>
    <pubDate>Wed, 12 Sep 2012 10:17:21 +0100</pubDate>
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    <title><![CDATA[Apple’s iPhone 5 Could Add 0.5% To US GDP, JPMorgan Says]]></title>
    <description><![CDATA[If, as one analyst expects, Apple&#039;s sales of its new iPhone 5 -- estimated to cost about $600 each -- reach 8 million, it could boost the U.S. GDP by half a percentage point.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/383062/20120911/apple-aapl-iphone-5-add-0-gdp.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/383062/20120911/apple-aapl-iphone-5-add-0-gdp.htm</link>
    <pubDate>Tue, 11 Sep 2012 11:24:36 +0100</pubDate>
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    <title><![CDATA[Money's Winners And Losers: Automakers, Best Buy, AMR, Changi Airport, Nokia, General Motors]]></title>
    <description><![CDATA[Each week, the IBTimes Money team picks the six biggest, most dramatic, or most compelling winners and losers in business. For the week of Sept. 3-7, the former include global automakers such as the Honda Motor Co. (NYSE: HMC), and the latter include the Nokia Corp. (NYSE: NOK).]]></description>
    <guid>http://www.ibtimes.co.uk/articles/382043/20120908/money-winners-losers-nok-gm-changi-aamrq.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/382043/20120908/money-winners-losers-nok-gm-changi-aamrq.htm</link>
    <pubDate>Fri, 07 Sep 2012 20:39:59 +0100</pubDate>
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    <title><![CDATA[FOMC, German Court’s ESM Ruling, And China's August Data: Economic Events For Sept. 10-14]]></title>
    <description><![CDATA[The week is chock-full with data releases, but the Federal Reserve&#039;s policy meeting on Sept. 12-13 will carry the most weight.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/382016/20120907/fomc-sept-12-13-qe3-china-cpi.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/382016/20120907/fomc-sept-12-13-qe3-china-cpi.htm</link>
    <pubDate>Fri, 07 Sep 2012 16:47:03 +0100</pubDate>
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    <title><![CDATA[August US Jobs Report Is Disappointing - 6 Takeaways: Analysis]]></title>
    <description><![CDATA[It&#039;s been three years since the Great Recession technically ended, but unemployed Americans are struggling to find work.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/381920/20120907/august-jobs-report-number-unemployment-rate.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/381920/20120907/august-jobs-report-number-unemployment-rate.htm</link>
    <pubDate>Fri, 07 Sep 2012 11:22:26 +0100</pubDate>
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    <title><![CDATA[China To Boost Growth With $127B Of Infrastructure Spending]]></title>
    <description><![CDATA[China has unveiled plans to build dozens of new subway and inner-city rail transit links, data from the country&#039;s top economic planning agency show, in a new move to stimulate its slowing economy.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/381516/20120906/china-approve-25-subway-infrastructure-investment-spending.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/381516/20120906/china-approve-25-subway-infrastructure-investment-spending.htm</link>
    <pubDate>Thu, 06 Sep 2012 14:49:19 +0100</pubDate>
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    <title><![CDATA[Draghi: ECB Agrees To Unlimited New Bond Program - OMT]]></title>
    <description><![CDATA[European Central Bank President Mario Draghi said Thursday the “euro is irreversible” and announced a new bond-buying plan “Outright Monetary Transactions,” or OMTs, aimed at lowering the struggling euro zone countries’ borrowing costs, which would serve as a “fully effective backstop.”.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/381379/20120906/draghi-ecb-outright-monetary-transactions-omt-bond.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/381379/20120906/draghi-ecb-outright-monetary-transactions-omt-bond.htm</link>
    <pubDate>Thu, 06 Sep 2012 09:58:49 +0100</pubDate>
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    <title><![CDATA[August US Jobs Report Looks Bleak, May Trigger QE3]]></title>
    <description><![CDATA[The stakes are high. Friday&#039;s August jobs report will be the last major data point for the Federal Reserve to consider ahead of the Sept. 12-13 FOMC meeting.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/381271/20120906/august-jobs-report-sept-7-unemployment-rate.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/381271/20120906/august-jobs-report-sept-7-unemployment-rate.htm</link>
    <pubDate>Thu, 06 Sep 2012 06:09:55 +0100</pubDate>
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    <title><![CDATA[American Airlines Pilot Contracts Can Be Abandoned, Judge Says]]></title>
    <description><![CDATA[AMR Corporation&#039;s (PINK: AAMRQ) American Airlines took a major step toward emerging from bankruptcy after a federal judge tossed out its pilots&#039; union contract, ending a dispute with the only union it had failed to reach a deal with on concessions.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/380934/20120905/amr-news-american-airlines-merger-pilot-contract.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/380934/20120905/amr-news-american-airlines-merger-pilot-contract.htm</link>
    <pubDate>Wed, 05 Sep 2012 10:46:25 +0100</pubDate>
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    <title><![CDATA[Global Manufacturing Weakens Further In August; More Easing Probably Won’t Spur Growth]]></title>
    <description><![CDATA[Manufacturing downturns spared no one in August, surveys of purchasing executives showed, in the latest sign of weakness in the global economy. While the batch of gloomy data boosted hopes for further central bank actions, some economists remain skeptical that such action would have any significant effects.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/380797/20120905/manufacturing-pmi-august-global-china-euro-zone.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/380797/20120905/manufacturing-pmi-august-global-china-euro-zone.htm</link>
    <pubDate>Wed, 05 Sep 2012 06:26:31 +0100</pubDate>
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    <title><![CDATA[August Jobs Report, ECB Meeting: Economic Events for Sept. 4-7]]></title>
    <description><![CDATA[During the holiday week, economy-watchers are likely to focus on Friday&#039;s August nonfarm payrolls report and the European Central Bank’s governing council meeting, on Sept. 6.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/380436/20120904/august-jobs-report-ecb-meeting-sept-7.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/380436/20120904/august-jobs-report-ecb-meeting-sept-7.htm</link>
    <pubDate>Tue, 04 Sep 2012 10:28:54 +0100</pubDate>
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    <title><![CDATA[Fast Food At Papa John's, McDonald's, KFC And Others May Soon Come With An Obamacare Surcharge]]></title>
    <description><![CDATA[Fast food franchise owners say the Affordable Care Act could virtually put them out of business with its requirements that they provide health care coverage to most of their employees. Before they go bankrupt, they say they&#039;ll pass on the charges to consumers while firing some of their workers -- not a pretty prospect for the U.S. economy.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/379631/20120831/obamacare-affordable-care-act-franchise-small-business.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/379631/20120831/obamacare-affordable-care-act-franchise-small-business.htm</link>
    <pubDate>Fri, 31 Aug 2012 16:18:00 +0100</pubDate>
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    <title><![CDATA[French Banks Race To Dump Greek Assets]]></title>
    <description><![CDATA[France&#039;s largest banks, Societe Generale SA (EPA: GLE) and Credit Agricole SA (EPA: ACA), are stepping up moves to unload their Greek subsidiaries and sever their unhappy ties to the crisis-hit country.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/379144/20120830/societe-generale-credit-agricole-french-bank-greek.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/379144/20120830/societe-generale-credit-agricole-french-bank-greek.htm</link>
    <pubDate>Thu, 30 Aug 2012 15:23:31 +0100</pubDate>
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    <title><![CDATA[Caterpillar Bullish On China, Expects Beijing To Step-Up Easing To Lift Growth]]></title>
    <description><![CDATA[Caterpillar Inc. (NYSE: CAT), the world&#039;s largest maker of construction and mining equipment, is confident that Beijing will step up easing efforts to drive an economic rebound and China&#039;s economic growth will probably recover this year.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/379051/20120830/caterpillar-inc-nyse-cat-china-slowdown-bullish.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/379051/20120830/caterpillar-inc-nyse-cat-china-slowdown-bullish.htm</link>
    <pubDate>Thu, 30 Aug 2012 10:59:55 +0100</pubDate>
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    <title><![CDATA[US Initial Jobless Claims Unchanged At 372,000 - Higher Than Expected]]></title>
    <description><![CDATA[More Americans than forecast filed applications for new jobless benefits last week, the Labor Department. said Thursday, suggesting that the labor market is barely healing.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/378977/20120830/initial-jobless-claims-unchanged-372-000-higher.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/378977/20120830/initial-jobless-claims-unchanged-372-000-higher.htm</link>
    <pubDate>Thu, 30 Aug 2012 08:44:51 +0100</pubDate>
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    <title><![CDATA[Chinese Banks' Bad Loan Nightmare]]></title>
    <description><![CDATA[China&#039;s credit risk is probably much worse than the official non-performing loan (NPL) data suggests, according to Société Générale&#039;s China macro strategist Wei Yao.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/378917/20120830/china-bank-bad-loan-non-performing-npl.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/378917/20120830/china-bank-bad-loan-non-performing-npl.htm</link>
    <pubDate>Thu, 30 Aug 2012 06:18:11 +0100</pubDate>
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    <title><![CDATA[US 2Q GDP Revised Up To 1.7%, But Job Growth Still Lags]]></title>
    <description><![CDATA[The U.S. economy expanded slightly faster than initially thought in the second quarter, but the pace of growth is still too slow to create enough jobs to drive down the unemployment rate. Economists are forecasting even slower growth in the second half of 2012, which will probably keep expectations for additional monetary stimulus measures from the Federal Reserve intact.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/378557/20120829/2q-gdp-q2-revision-up-1-7.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/378557/20120829/2q-gdp-q2-revision-up-1-7.htm</link>
    <pubDate>Wed, 29 Aug 2012 09:19:58 +0100</pubDate>
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    <title><![CDATA[Boeing, Airbus Battleground Shifts To Asia-Pacific]]></title>
    <description><![CDATA[As the deepening sovereign debt crisis in Europe dampens air travel demands in the region, the world&#039;s two largest airplane makers, Boeing Co. (NYSE: BA) and Airbus S.A.S. (EPA: EAD), are now bringing their fierce competition to the Asia-Pacific skies.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/378462/20120829/boeing-company-ba-eads-ead-airbus.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/378462/20120829/boeing-company-ba-eads-ead-airbus.htm</link>
    <pubDate>Wed, 29 Aug 2012 06:20:29 +0100</pubDate>
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    <title><![CDATA[Kansas City Fed Jackson Hole 2012: Ben Bernanke Will Likely Disappoint On QE3 Hopes]]></title>
    <description><![CDATA[Will Federal Reserve Chairman Ben Bernanke launch QE3 from the Federal Reserve Bank of Kansas City&#039;s annual Jackson Hole symposium, which will take place from Aug. 30 to Sept. 1? Economists doubt it.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/378290/20120828/bernanke-kansas-jackson-hole-schedule-31-aug.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/378290/20120828/bernanke-kansas-jackson-hole-schedule-31-aug.htm</link>
    <pubDate>Tue, 28 Aug 2012 17:09:58 +0100</pubDate>
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    <title><![CDATA[Jackson Hole, Bernanke And Draghi: Economic Events for Aug. 27-31]]></title>
    <description><![CDATA[The biggest event this week is Friday&#039;s Jackson Hole meeting. While this week&#039;s economic calendar is rather packed, Wall Street seems to care more about Federal Reserve Chairman Ben Bernanke&#039;s speech at the Kansas City Fed&#039;s annual economic symposium.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/377831/20120827/economic-events-jackson-hole-bernanke-aug-31.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/377831/20120827/economic-events-jackson-hole-bernanke-aug-31.htm</link>
    <pubDate>Mon, 27 Aug 2012 15:02:28 +0100</pubDate>
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    <title><![CDATA[Corporate Debt Issuance In August Sets Record, Analysts Warn Of Junk Bonds]]></title>
    <description><![CDATA[This month has been the busiest August on record for global corporate bond issuance as low yields on government bonds pushed investors to find better returns in corporate credit.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/377823/20120827/corporate-debt-issuance-august-bond-sale.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/377823/20120827/corporate-debt-issuance-august-bond-sale.htm</link>
    <pubDate>Mon, 27 Aug 2012 14:35:47 +0100</pubDate>
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    <title><![CDATA[China's Industrial Profit In Biggest Drop This Year, Shanghai Composite Sinks To 3-Year Low]]></title>
    <description><![CDATA[Profits at China&#039;s major industrial enterprises fell in July for the fourth successive month and by the most this year, adding to fears about a sharp slowdown in the world&#039;s second-largest economy and sending benchmark Shanghai Composite Index to its lowest level in three years.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/377719/20120827/china-industrial-profit-shanghai-composite-3-year.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/377719/20120827/china-industrial-profit-shanghai-composite-3-year.htm</link>
    <pubDate>Mon, 27 Aug 2012 09:02:29 +0100</pubDate>
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    <title><![CDATA[Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31]]></title>
    <description><![CDATA[While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/377254/20120824/earnings-reports-watch-tif-hnz-joy-p.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/377254/20120824/earnings-reports-watch-tif-hnz-joy-p.htm</link>
    <pubDate>Fri, 24 Aug 2012 16:30:12 +0100</pubDate>
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