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Mervyn King Sends Sterling Lower in Currency Trading
06/25/2009 08:34 AM
U.K. pound falls on King comments about the British economyBank of England governor Mervyn King when before Parliament yesterday to testify about the state of the British economy. His remarks sent th...
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Swiss Franc Falls as National Bank Interferes
06/24/2009 10:26 AM
Swiss National Bank attempts to keep the franc weak in currency tradingDuring a recession, a weak currency is often thought desirable. However, few developed nations that trade with major currencies ...
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Early Stock Market Gains Boost Canadian Dollar in Currency Trading
06/23/2009 10:18 AM
Loonie in forex tradingEarly today, the U.S. dollar collapsed against the loonie in forex trading. As U.S. stock futures pointed higher, and as the stock market opened higher, the Canadian dollar rec...
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Federal Reserve to Keep Interest Rates Steady
06/22/2009 08:45 AM
Economic forecast not that positive yetRecently, there has been speculation that the U.S. would raise interest rates by the end of the year. While there is the expectation of higher short term intere...
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Timothy Geithner Wants New Powers for Government
03/24/2009 09:22 AM
Geithner wants the government to be able to seize companies like AIGTimothy Geithner is scheduled to testify before Congress today, expanding on plans for the economy. One of the things he is likely ...
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Will the Hong Kong Dollar Link to the Chinese Yuan?
03/24/2009 08:52 AM
Considerations already underway for currency linkEven though control of Hong Kong lies with the Chinese government, it is still considered largely autonomous. Hong Kong has its own chief executive (D...
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Obama Administration Offers Specifics for New Rescue Effort
03/23/2009 02:41 PM
Financial markets receive surge of confidence on planEarlier today, the Obama Administration unveiled specifics about a bank rescue initiative meant to help get bad assets of bank balance books. Stoc...
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China Will Continue to Buy U.S. Debt
03/23/2009 01:52 PM
Chinese assure U.S. that Treasuries remain integral to its long-term investment planCertainly, China doesn't want to call in all of its currently outstanding U.S. debt. The interest payments must be ...
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Global Economy Likely to Shrink This Year
03/20/2009 09:18 AM
Growth still expected in emerging markets, howeverThe global economy is likely to shrink this year, reports the International Monetary Fund. Considering the global financial crisis, and the recession...
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Will Congress Tax AIG Bonuses?
03/19/2009 11:30 AM
House prepares to vote on issue of AIG bonusesAs the calls for AIG blood continue, the House of Representatives prepares to vote on the issue of taxing AIG bonuses. It's not just AIG bonuses, though....
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