European stocks climbed, extending the Stoxx Europe 600 Index’s biggest weekly gain in almost two months, after U.S. companies added more jobs than forecast in August, easing concern the economic recovery is faltering.
Credit Suisse Group AG and BNP Paribas SA led banks higher and Rio Tinto Group paced a rally in raw-material producers after the [...]
Money World
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European Stocks Climb as U.S. Private Jobs Growth Tops Forecast
September 3rd, 2010 by admin Tags: bank, credit suisse group, deutsche bank, economic, euro, european stock, investment, oil, private payrolls, rio tinto group
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Singapore Airlines says Goh Choon Phong to be next CEO
September 3rd, 2010 by admin Singapore Airlines, the world’s second most valuable carrier, said on Friday that Executive Vice President Goh Choon Phong will succeed Chew Choon Seng as CEO when Chew retires at the end of this year.
Goh, 47, currently EVP for marketing and regions, joined SIA in 1990 after graduating from the Massachusetts Institute of Technology with a [...]Tags: CEO, computer science, goh choon phong, singapore airlines
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Oil roars into September ‘like a lion’
September 2nd, 2010 by admin After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday as the economic outlook brightened.
“August was the worst month for oil since last May, with oil bulls really getting beat up as economic data started to turn South,” said said Phil Flynn, a senior market analyst at PFG Best. “But [...]Tags: economic, global demand, investor, oil, oil prices, supply management
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Treasury Bonds
September 2nd, 2010 by admin When termites eat your house, you don’t notice a thing. You don’t hear a thing, you don’t see a thing—you’re house stands there, silent and staid, while you and your family happily go about your days, without a care in the world until your house crashes on top of your head.
Right now, we are at [...]Tags: bank, commercial mortgage backed securities, credit, debt, economy, federal goverment, federal reserve board, finance, fiscal debt, loan, money, mortgage, prime loan, real estate, toxic assets, treasury bonds
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Pentagon watchdog misses US$1bn audit
September 1st, 2010 by admin Military auditors failed to complete an audit of the business systems of an Ohio-based company - Mission Essential Personnel - even though it had billed for US$1 billion worth of work largely in Afghanistan over the past four years.
In September 2007, the US Intelligence and Security Command (INSCOM) awarded Mission Essential Personnel (MEP) a five-year-contract [...]Tags: chad monnin, DCAA, dollar, global war, money, obama, patrick Fitzgerald, pentagon, security command
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How Hyperinflation Will Happen
September 1st, 2010 by admin We are in the middle of deflation. The Global Depression we are experiencing has squeezed both aggregate demand levels and aggregate asset prices as never before. Since the credit crunch of September 2008, the U.S. and world economies have been slowly circling the deflationary drain.
To counter this, the U.S. government has been running massive [...]Tags: bank, credit, debt, deflation, deflationary, dollar, economies, federal reserve, finance, global depression, hyperinflation, inflation, money, oil
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U.S. Stocks Trim Earlier Gains
September 1st, 2010 by admin Stocks were modestly higher in early afternoon trading Tuesday after gains from a surprising rise in consumer confidence faded.
The NYSE composite rose 0.4%, boosted by transportation, machinery and metal issues. It had been up as much as 0.7% earlier. The Dow also gained 0.4%, while the S&P 500 rose 0.3%. Meanwhile, the Nasdaq lagged with [...]Tags: consumer confidence, eldorado gold, gold producer, money, stocks trim
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Bank of Japan’s additional loan program “too little”
August 31st, 2010 by admin The Bank of Japan announced steps at an emergency meeting Monday to curb the yen’s strength and lift the country’s struggling economy — but the move was not enough to satisfy investors.
The central bank announced a new ¥10 trillion, or $117.15 billion, six-month loan program for financial institutions, in addition to the ¥20 trillion it [...]Tags: bank, bank of japan, central bank, deflation, economy, investor, money
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Nikkei sinks to 16-month low
August 31st, 2010 by admin World markets slumped Tuesday, with the Nikkei ending at a 16-month low, as the yen remained strong despite efforts by the Bank of Japan to keep a lid on the Japanese currency’s rise.
Analysts called the move “too little,” and the announcement did little to calm investors. The Nikkei sank 3.6% and the dollar was trading [...]Tags: bank, deflation, dollar, economy, european stock, financial institutions, investor, nikkei, world market, yen
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The ‘new Dubai’? Libya open for business
August 27th, 2010 by admin In the outskirts of this city, Libya’s second largest, row after row of sand-colored concrete apartment blocks and villas are sprouting from the desert. Hundreds of kilometers away, construction cranes dot the Mediterranean skyline of the capital, Tripoli.
The multibillion dollar construction frenzy taking place is the latest and most visible sign of Libya’s drive for [...]Tags: bank, credit, dubai, international monetary, investment, multibillion dollar, oil reserves, oil rich oil








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