News Round-Up: 5 Jul 2008

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Banking
The Credit Crisis Is Going to Get Worse – WSJ
European Banks May Need EU90 Billion, Goldman Says – Bloomberg
UniCredit May Eliminate 2,500 Jobs at HVB, Euro am Sonntag Says – Bloomberg
Post Wants EU10 Billion for Postbank, WirtschaftsWoche Says – Bloomberg
TPG’s coldly calculated Bradford & Bingley move raises questions – Telegraph
Logic of off-coast oil drilling deeply flawed – MarketWatch

Economy
Number of Those Unemployed For at Least 6 Months Rises – WSJ
Service Sector Data Adds to Inflation Anxiety – NY Times
Credit Card Overhauls Seem Likely – NY Times
British consumers face their retail reckoning – FT
Corporate earnings on track for fourth straight quarterly drop – MarketWatch
California’s Wildfires Have Scorched 521,000 Acres – Bloomberg
India’s Inflation Accelerates to Fastest in 13 Years – Bloomberg

Markets
Bearish battalions – Economist
Deutsche Bank Still Running for Citigroup Unit, Bild Reports – Bloomberg

Housing bubble
U.S. Apartment Vacancy Unchanged at 5.9 Percent, Rents Increase – Bloomberg
Bitter lessons learned from refinancing – LA Times

Monetary Policy
Settling scores – Economist
ECB Policy Makers Say Fighting Inflation Remains Priority – Bloomberg

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