China says yes to free markets, no to free currency regime

President Barack Obama on his tour to China has approached a very cautious approach. While raising issues of contention between the two nations, he has been subtle in his own right. He agreed to the...

Venezuela and Iran enhance economic and political relations

During the Middle East leg of his international tour, Venezuelan President, Hugo Chavez, paid a visit to Tehran over the weekend. At the conclusion of the official visit to Iran, Venezuelan Head of State...

But for the moment, a new optimism about the eurozone is in the a

But for the moment, a new optimism about the eurozone is in the air Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US dollar exchange rate is correcting downward after a big move up...

Venezuela calls for OPEC output cuts

Joining Lybian previous calls, Venezuela has also suggested a OPEC output cuts for stabilising world prices. This reduction -of an estimate one million barrels a day- would be proposed during the next OPEC...

Arms is more important than food ....N.Korea...

Country is under food crisis and they are buying arms despite the food ia their prime need.Race of arms is derailing the growth and developement evev the country who struggling to find food for the people are...

US to sell 75 fighter jets to Israel

US and Israel enjoy very close diplomatic and milrtary ties. Israel buys lot of their military hardware from American companies. For the first time the US Defense department has approved the sale of 25 F-35 stealth-enabled Joint Strike Fighters (JSF) to the Isreal....

Google Adsense Silly mistake

Google, Is one of the most popular Company in the world! people from all over the world uses its various services. Google has made a very stupid mistake in google adsense this month in the conversion of usd in...

Venezuelan Argentina suitcase scandal: there was an additional USD 4.2 million

" Politics Following the resumption of the Miami's trial in the suitcase scandal, Venezuelan businessman Guido Antonini Wilson declared that there was indeed additional USD 4.2 million targeted at...

Bolivia wins dispute with Telecom at US court

" Bolivia wins ruling in Telecom dispute Fri, 01 Aug 2008 06:24:00 Bolivia has won a US court ruling over USD 36m that Telecom Italia transferred to US banks from its former subsidiary Entel, which was nationalized earlier this year. Bolivian President Evo Morales announced...

GOLD VS DOLLAR

The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to...

Bush reportedly to ask Congress for extra 50 bln for Iraq War

If Bush does indeed ask for, and get the funds, U.S. spending in Iraq would then total more than three billion dollars per week. "US President George W Bush plans to ask Congress for an extra 50 bln usd for Iraq following a highly anticipated report on progress in the...

China threatens 'nuclear option' of dollar sales

 Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.

UK expected to raise Interest Rates today

Today the 2-day Bank of England (BOE)/MPC conclave comes to a conclusion, with the market expecting a hike of interest rates for the second time this year by 25 bp to..

US mid-term Elections and the Economy

Traders will be keeping a close watch on the US midterm elections. Some are saying that if the Democrats take control of the House of Representatives but Republicans retain control of the Senate, this..

Further US rate hikes are possible

The Federal Reserve may have to raise interest rates again, as inflation risks continue to outweigh the risks associated with an economic slowdown, according to Chicago Fed President Michael Moskow. He said, "Taking all of the factors on growth and inflation into account, my...

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