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World rolling out emergency financial moves

posted by dooly 1322 days ago in Fundamental, Special made popular 1322 days ago

Nations across the globe moved on new emergency measures Sunday to recapitalize banks, guarantee bank deposits and stabilize the world banking system amid fear of a global financial meltdown, reports said.

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Libya to cut Swiss economic ties in protest

posted by sassygirl 1322 days ago in CHF made popular 1322 days ago

TRIPOLI (Reuters) - Libya will withdraw $7 billion of assets in Swiss banks, cut economic ties with Switzerland and stop supplying it with oil to protest against poor treatment of Libyan diplomats and businessmen, Libyan news agency JANA said.

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A way forward for financial leaders

posted by sassygirl 1322 days ago in GBP made popular 1322 days ago

With reports that the UK will invest $60.5 billion to take control of its four top banks, leading Western finance ministers left Washington with an important unanswered question: "What can we do that will restore confidence to the global financia

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Clark: Govt will cope with crisis

posted by sassygirl 1323 days ago in NZD made popular 1322 days ago

Prime Minister Helen Clark has reacted to the economic crisis saying the government has a plan to cope, including implementing a deposit guarantee scheme.

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Economy Watchers Index down to second lowest reading

posted by czarinacleopatra 1324 days ago in JPY made popular 1322 days ago

On Wednesday, the Cabinet Office announced that the Economy Watchers Survey index for September fell 0.3 points from a month before, to 28.0 points. The index has now fallen for six straight months, and was the second-lowest score ever recorded,

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Japanese Ire at U.S. Rises over Markets

posted by czarinacleopatra 1324 days ago in JPY made popular 1322 days ago

A month ago market-watchers in Japan were praising U.S. Treasury Secretary Hank Paulson and his attempts to fix the U.S. financial system. Many of those who had watched as Japan took years to mend its own broken financial system in the 1990s gave

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G7 endorses plan to battle financial crisis

posted by czarinacleopatra 1324 days ago in USD, EUR, JPY made popular 1322 days ago

Finance officials from the world's top economic powers endorsed a plan Friday to stem the worst financial crisis in more than a half-century.

The officials from the Group of Seven countries issued the five-point plan aimed at reversing a credi

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The Global Economy – Is Deflation the Next Macro Story?

posted by czarinacleopatra 1324 days ago in USD, EUR, JPY made popular 1322 days ago

As the horror story of financial markets continues at full speed it may seem a rather futile endeavor to try to make sense of what is increasingly becoming senseless by the day. Yet, you hardly need to be a financial literate to see that the worl

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U.S. trade gap narrows as global economy stalls

posted by dooly 1324 days ago in USD, Fundamental, Trade made popular 1324 days ago

The U.S. trade deficit narrowed in August, as consumers curbed their spending on imported goods, a government report showed Friday.

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Forex Morning Update with Rich Lee

posted by forexlady 1324 days ago in JPY, Fundamental made popular 1324 days ago

Volatility is still on every traders mind. That combined with oil under $80 a barrel is causing the market to look ahead to tomorrow's G-7 meeting for trading ideas

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We Are Facing an 'Inflation Holocaust': Jim Rogers

posted by fxhottie 1324 days ago in USD, JPY, Daily

Markets do not trust the governments' plans to keep struggling banks alive and investors will only calm down when the companies with bad assets are allowed to go bankrupt, legendary investor Jim Rogers, CEO of Rogers Holdings, told CNBC on Friday

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C$ Plunges Sharply, Sentiment Remains Poor

posted by piptographer 1325 days ago in CAD, Fundamental, Daily made popular 1324 days ago

The Canadian dollar ended drastically lower again Thursday, falling to more new 18-month lows as oil prices retreated further and risk aversion kept buyers away from the faltering Canadian currency, which has now fallen about 11.0% against the U.

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