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IMF Protesters Met With Tear Gas In Turkey
Police threw tear gas at the hundreds that protested the International Monetary Fund (IMF) and World Bank in Istanbul, Turkey on Tuesday. Some of the protesters threw fire bombs at a convention centre where leaders of the IMF and the World Bank were meeting. Bank windows were... China's Exports Drop 23% in July
China's exports dropped 23% in July from a year early, extending the 21.4% decline from June, according to custom officials. "Premier Wen Jiabao reiterated on Aug. 9 that monetary policy and a “proactive” fiscal stance will remain unchanged because of problems including... IMF Should Not Condone Abuses
The Human Rights Watch (HRW) has again asked the International Monetary Fund (IMF) to not condone the human right abuses committed by the Sri Lankan government by providing the funding. The Sri Lankan govenrment... China argues to replace US dollar
" China's central bank has reiterated its call for a new reserve currency to replace the US dollar. The report from the People's Bank of China (PBOC) said a "super-sovereign" currency should take its place. ... Four New Pennies Debut February 12 the Birth Date of Abe Lincoln
For 100 years (since 1909) we have enjoyed what is referred to as "The Lincoln Penny". Now we will have 5 to enjoy in all. Children and adults worldwide have collected them, carefully examining them in search... Bank of England slashes rates 1% to historic low
The Bank of England today slashed interest rates by a further 1%, bringing the interest rate to a historic low. The interest rate cuts in recent months have been among the fastest in Britain's history."The Bank of... Customers injured in crush suing Wal-Mart
Some of the customers injured in Friday's horrific stampede at a Walmart on Black Friday, the day after Thanksgiving in the US when stores open early and offer big deals for people who come at dawn, are planning... Who are the Obama Economic Team Members
President Elect Obama provided short Biographies of his economic team on his transition website today. "Chicago -- President-elect Barack Obama and Vice President-elect Joe Biden officially announced key... Pakistan seeking at least $7.6 bln IMF loan
Pakistan's financial condition is in bad shape, it is asking for IMF loan to handle its balance of apyment crisis.World economy is alrady in tatters, and the demand for pakistani goods in international market is... Pakistan Prime Minister Yousuf Gilani okays IMF bailout package
"Pakistan Prime Minister Yousuf Gilani has given the green signal to finalise details of an economic bailout package with the International Monetary Fund and a six-member delegation will leave for Dubai next week to negotiate, official sources said here yesterday. Adviser on...IMF playing negative role in global economic crisis
"The International Monetary Fund (IMF) is playing a ‘negative role’ in the current global economic crisis, former prime minister Shaukat Aziz said on Friday. Aziz also stressed the need for a strategy to deal with future challenges. In an interview with ARY OneWorld,... Bank of Japan cuts key interest rate
"Friday October 31, 2:18 am ET By Tomoko A. Hosaka, Associated Press Writer Japan's central bank cuts key interest rate to 0.3 percent in close vote; first cut in 7 years TOKYO (AP) -- The Bank of Japan voted Friday to cut its key interest rate for the first time in more... Asian stocks struggle amid recession worries
Led by the Tokyo stock exchange, Asian shares fell sharply in Monday's trading. Investors are bracing for more volatility after last week's massive sell-off. The Nikkei index today hit its lowest intraday level...Indian Rupee Falls Through 50 to Record Low on Slump in Stocks
The Indian rupee opened trade on Friday at a record low of 50.15 per dollar weighed down by heavy losses in Asian stocks which raised worries of more outflows from the local share market. The rapid withdrawal... The Real Debate: Crony Socialism or Economic Sovereignty?
Ellen Brown, author of "Web of Debt" about the monetary system, comments here on the Wall Street Bailout, the economy and the monetary, and presents options for making it work for the public interest, instead of only for crony capitalist corporate socialist bankers....
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