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Sovereign funds fly out dollar deposits
In reaction to growing US dollar weaknes, some sovereign wealth funds decided to reduce their exposure to that currency. According to the following FT article "Behind the scenes, fund officials are questioning the credibility of the Federal Reserve and US Treasury in...Disgruntled Hacker Takes Control of San Fran Computer Network
Well this is quite interesting. A computer engineer, disgruntled with his job working as a system administrator for San Francisco's brand new computer network, is holding the system hostage, even as he sits in jail.Terry Childs took exclusive control of the system and was...
Oil Prices tumble below $143
After continuously increasing for many weeks now fuel prices for the first time prices have fallen down. Stronger dollar is also helping in reducing the crude price. dollar has appreciated against major currencies.... U.S. exports cigarettes, bras, bull semen to Iran
"WASHINGTON (AP) -- U.S. exports to Iran -- including brassieres, bull semen, cosmetics and possibly even weapons -- grew more than tenfold during President Bush's years in office even as he accused Iran of nuclear ambitions and helping terrorists. ...Stagflation erodes Asian stocks
As stagflation continues to spread, stock markets make it difficult to make earnings. Dollar continues to weaken in European and Asian markets " Stagflation pulls down Asian stocks Rising oil prices are set to continue, further impacting on Asian...Iran: Dollar depreciation eats into OPEC gains
As oil prices soar in world market, there are conflicting interpretation to explain them. Some have argued it is due to speculation in financial markets. Others blame it on a weak dollar. "Dollar depreciation eats into OPEC gains By Press TV Tue, 01 Jul 2008 14:59:41 ...Oil climbs 1%, Saudi pledge fails to halt rally
Even the world's biggest oil producer cannot stop the surge in oil prices--it is becoming clearer that speculation is the strongest force out there. " Oil rose nearly 1.0 percent Monday, as escalating tensions between Israel and Iran stoked supply... Germany: High Oil Prices are Painful for Us too!
In light of all of the complaints in the US about high oil prices and gas, today's article in Germany's newspaper, the Spiegel, outlined that this is a global problem that is also affecting Germany and people all... Bernanke and Paulson talking bull to support the dollar « Peter J. Cooper’...
" Then Bernanke will have to eat his words and dine on his own credibility and cut interest rates in response. That is perhaps why he has left interest rates at two per cent, and not gone for one per cent straight away. He is keeping some ammunition for the next stage of... Beer Canada's favourite alcohol, wine eyes crown
While Canadians continue to buy more beer than any other alcoholic drink, wine is becoming increasingly popular. But lest this become a zero-sum game, a winner-takes-all-battle in which the losing beverage goes home... Oil imports increase US trade gap
Soaring fuel prices have now started hitting even American economy badly. According to a latest report for the first time in last 13 months, US trade deficit have gone up to $60.9bn in April ."The rising cost...Humanitarian Crisis Deepening in Nepal
First published in www.groundreport.com by Mohan Nepali June 09, 2008 Humanitarian crisis is deepening in Nepal due to the skyrocketing market prices that have seriously tortured the Nepalis physically and mentally. Most of the working Nepalis within...Gulf currency revaluation ought to top the agenda in Doha today « Peter J. C...
" Are the Central Banks spending too much time looking at the details of monetary union and even using it as a reason not to tackle more pressing issues at hand, such as the wholly inappropriate monetary policy now thrust upon the region courtesy of the dollar peg?" Oil price soars as US woes mount
"The price of oil has made a record jump to nearly $139 a barrel, amid reports it could reach $150 by July because of rising demand and political tension."Correspondents say oil prices were also pushed up by Israeli... Even More Zeroes: Zimbabwe Currency Plummets Again
Basic items have now climbed in price beyond the reach of billionaires in Zimbabwe. As barter and the black market take over day-to-day exchanges, and ZImbabwean currency hasn't been traded outisde of Zimbabwe in ages, the latest drop in value is more or less a numbers...
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