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Economy News from 09 Jul 2008

ECONOMY

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19:17
09/Jul
2008
Gautrain reaches a major milestone | south africa - skillsportal.co.za; 1470 words.
Looking for training companies? If you want a training company to come to your workplace we have full details on more than 350. Business schools Read news & information from South African business sch... Read »
19:16
09/Jul
2008
AUSTRALIA: 2008 Article IV Consultation, Concluding Statement | commodity prices - imf.org; 1826 words.
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually an... Read »
19:15
09/Jul
2008
Wachovia names Steel CEO, sees loss | politics - reuters.fr; 514 words.
NEW YORK (Reuters) - Wachovia Corp, the fourth-largest U. bank, named Robert Steel chief executive on Wednesday and said credit, mortgage and legal problems will result in a $2. Steel, 56, most recent... Read »
19:11
09/Jul
2008
McCain: "Meaningful" Action On Iran Needed | political - cbsnews.com; 935 words.
Couric & Co. Republican presidential contender John McCain drew a hard line against Iran in an interview with Katie Couric to be broadcast Wednesday night, saying "we cannot ever allow a second Holoc... Read »
19:09
09/Jul
2008
Rich nations pledge food | goals - thewest.com.au; 938 words.
Leaders of the world s top industrial powers ended a summit today with pledges to act on soaring oil and food prices, but failed to bridge deep differences with poor nations on fighting climate change... Read »
19:07
09/Jul
2008
The Day Ahead Canada and U.S.: Bernanke and Paulson Spe | stocks bonds - bankwide.com; 146 words.
News Economic News US Economy The Day Ahead Canada and U. (CEP News) - On Wednesday, North American markets will focus on the U. Treasury Secretary Henry Paulson are scheduled to speak. Bernanke an... Read »
18:36
09/Jul
2008
Gas cap up for vote today | taxes - palltimes.com; 880 words.
Oswego County Legislature meets this afternoon to look at several possible ways to provide economic relief to local taxpayers. One major item of business on this afternoon s agenda is a resolution to ... Read »
18:35
09/Jul
2008
The Day Ahead Canada and U.S.: Bernanke and Paulson Speak; U.S. Jobless Claims | stocks bonds - economicnews.ca; 680 words.
17:45- The Day Ahead Canada and U. Jobless Claims 09/07 17:43 - The Day Ahead Europe and UK: BOE Rate Decision, ECB-Speak, French, Italian Prod 09/07 17:41 - The Day Ahead Japan & Australia: Australi... Read »
18:24
09/Jul
2008
British Pound: Why the Bank of England Will Not Change Rates in Q3 | forex - dailyfx.com; 903 words.
Forex in 60 Seconds - Euro, British Pound, US Dollar All Face Event Risk From Central Bank Decision, Comments. Speculation Of A Fed Hike In August Fading As Credit Concerns Return.Jul 07 - US Dollar:... Read »
18:24
09/Jul
2008
What is Slapping the US Dollar? | forex - dailyfx.com; 701 words.
What is Slapping the US Dollar? . What Bernanke Could be Hinting About Interest Rates.Jun 23 - Currency Traders Tread Carefully on Fears that the Fed Will Be Non-Committal.Jun 20 - US Dollar: First ... Read »
18:24
09/Jul
2008
Budget Winners and Losers | taxes - gothamgazette.com; 1656 words.
Glenn Pasanen July 2008 The city's $59.2 billion adopted budget for fiscal year 2009, which began July 1, has some winners, but many more losers. The big winners were commercial and residential proper... Read »
18:23
09/Jul
2008
FASB member urges board to review FAS 157 | credit rating - financialweek.com; 665 words.
FASB member urges board to review FAS 157 Member says post-mortem to determine the effectiveness of fair-value may be in order . A Financial Accounting Standards Board member encouraged the rule-se... Read »
18:23
09/Jul
2008
Ignore the Dollar at Your Peril | economy - fourwinds10.com; 887 words.
The state of the American economy is a contentious issue among economic commentators. Some argue we are and have been in a recession for some time. Others argue the economy never was contracting and w... Read »
18:21
09/Jul
2008
After seeing a lack of conviction throughout the morning, stocks closed sharply lower, as continued concerns over the health of | stocks bonds - ikonnews.com; 965 words.
After seeing a lack of conviction throughout the morning, stocks closed sharply lower, as continued concerns over the health of the financial sector sent investors out of the stock market. Added worri... Read »
18:21
09/Jul
2008
UAE growth downgraded | economy - maktoob.com; 39 words.
GULF: , the Ministry of Economy said yesterday, without explaining why the figures had been changed.91 billion in 2006, the ministry said in an emailed statement.... Read »
18:17
09/Jul
2008
Stock market gloom for investors | economy - find.co.uk; 299 words.
Banks 'profit 2. 09 July 2008 Fresh economic gloom has hit the London stock market, leaving nervous investors in so-called "bear market" territory. Turmoil in Asian and US markets saw the FTSE 100 I... Read »
18:05
09/Jul
2008
How to Successfully Navigate Your Business through an Economic Downturn | cash flow - xomba.com; 1724 words.
I would pay someone to take my glass 13 min 15 sec ago. An economic downturn is a phase of the business cycle in which the economy as a whole is in decline. This phase basically marks the end of the ... Read »
18:00
09/Jul
2008
Airline to cut 2500 jobs | air travel - businessday.com.au; 584 words.
Northwest Airlines, the carrier being bought by Delta Air Lines, will cut 2500 staff to offset record fuel costs.1% of the 31,000 workers at Eagan, Minnesota-based Northwest, which said today it would... Read »
17:58
09/Jul
2008
What Else Can I Do With All This Spin? | political - cjr.org; 391 words.
The Boston Globe s Brian Mooney shows how the spin flows with a minute-by-minute chronology of A Day of Campaign Spin (in this case, yesterday, when both campaigns were frantically spinning reporters... Read »
17:53
09/Jul
2008
US housing slump could drag on another year | foreclosure - com.pk; 516 words.
WASHINGTON: Signs are emerging that the US housing market s long slump is likely to fester through the summer, and the real estate market may not recover for at least another year. The latest report, ... Read »
17:53
09/Jul
2008
China to become world s biggest economy in 2035 | world affairs - com.pk; 648 words.
China to become world s biggest economy in 2035 WASHINGTON: China s economy will overtake that of the United States by 2035 and be twice its size by midcentury, a study released Tuesday by a US resea... Read »
17:53
09/Jul
2008
FTSE 100 up 74.4 pts to 5,514.9 | buy to let - com.pk; 365 words.
LONDON: Britain s top share index was up 1.4 percent by midday on Wednesday, as beaten-down banks rebounded on positive comments from the US Federal Reserve chairman, while miners tracked higher metal... Read »
17:53
09/Jul
2008
Monetary policy could be tightened further | economy - com.pk; 470 words.
Monetary policy could be tightened further KUALA LUMPUR: Pakistan is ready to tighten monetary policy further to fight inflation, a senior finance official said on Wednesday, stressing the authoritie... Read »
17:46
09/Jul
2008
Treasurys move higher as stocks take beating | stocks bonds - statesman.com; 413 words.
NEW YORK Treasury bond prices rose Wednesday after more jitters about the financial sector and tensions in the Middle East raised the appeal of safer government debt. Worries about upcoming earnings... Read »
17:39
09/Jul
2008
Eurozone Growth Revised Down as Inflationary Pressures Trump Economic Growth | european - istockanalyst.com; 777 words.
03:00 PM. Analyst Comments: Kinder Morgan, Semiconductor Manufacturing International, Telefonica, NuStar Energy . Alon USA Closes Acquisition of the Krotz Springs Refinery Jul 07, 2008 08:59 AM. Bank ... Read »
17:38
09/Jul
2008
Economists warn worse is on the way | commodity prices - news.com.au; 1191 words.
Economic slowdown turning nasty - and may get worse. HOMEBUYERS under intense pressure, consumer confidence in tatters and bank mortgage rates on the rise - the economic slowdown is turning nasty. And... Read »
17:38
09/Jul
2008
Brokers see lower returns from banks | economy - indiatimes.com; 456 words.
Stocks. MUMBAI: Analysts are expecting a tepid growth in earnings of Indian banks for the first quarter of this financial year, as credit growth has slowed down considerably, and banks have taken a su... Read »
17:36
09/Jul
2008
Time for new financial system safeguards? | economy - csmonitor.com; 1018 words.
Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson indicate need for new regulation of banking industry. The banking industry is showing new signs of strain, which is adding urgency to ca... Read »
17:27
09/Jul
2008
Barkley Rosser | about health - typepad.com; 1243 words.
And we are underway: Henry Aaron, Nancy Altman, Kenneth Apfel, James Blum, J. Bradford DeLong, Peter Diamond, Robert Greenstein, James Horney, Richard Kogan, Jack Lew, Marilyn Moon, Van Doorn Ooms, Uw... Read »
17:27
09/Jul
2008
Sailing the BIMP-EAGA seas | philippines - inquirer.net; 799 words.
19 31 3 Digit: 8 8 9 5 9 8 9 4 5 4 Digit: 3 8 5 2 MegaLotto 6/45 Winning Numbers: 13 30 11 10 08 16 P 4,558,073. DoJ will not allow Sulpicio to abandon ship to insurer. Victorias sugar business t... Read »
17:00
09/Jul
2008
FOREX NEWS-Iran saber-rattling sends dollar tumbling broadly | economy - global-view.com; 674 words.
20:52:24 GMT: Forex Market News - Canada dollar rises on data; most bonds end higher20:35:27 GMT: Forex Blog - Morning Report20:29:25 GMT: FOREX NEWS-Iran saber-rattling sends dollar tumbling broadly2... Read »
17:00
09/Jul
2008
Do economists | economy - theatlantic.com; 1608 words.
02:09 pm Kevin Drum, among others, is excited by the news that some economists appear to be recanting on their support for McCain's economic plan: Now, this is good sport, to be sure, but there's also... Read »
16:59
09/Jul
2008
Wall Street etwas fester erwartet - lpreis im Fokus | finanzen - finanznachrichten.de; 449 words.
DJ Wall Street etwas fester erwartet - lpreis im Fokus FRANKFURT (Dow Jones)--Nach den Kursgewinnen vom Vortag signalisieren die Futures auf bedeutende Aktienindizes auch f r Mittwoch einen etwas fes... Read »
16:54
09/Jul
2008
Getting Burned By Bernanke | economy - fool.com; 621 words.
Let's see if I got this right. Fed Chairman Ben Bernanke has bungled the credit crisis and the financial markets. He cut interest rates too aggressively early on, gave conflicting signals on his willi... Read »
16:50
09/Jul
2008
Fed to tighten rules for lenders, banks | foreclosure - inman.com; 1060 words.
Proposed changes for Truth in Lending The Federal Reserve Board will issue new rules for mortgage lenders next week that could require mortgage brokers obtain written agreements from borrowers in orde... Read »
16:47
09/Jul
2008
Wall Street Expects the Worst As Mortgage Companies Fall | stocks shares - hispanicbusiness.com; 1151 words.
Phone's App Store Could Launch Tomorrow. Bilingual Child-Development Center Serves Latino Families. Alcoa's 2Q Earnings Sink 24 Percent on Higher Costs. home prices decline and Washington struggles to... Read »
16:44
09/Jul
2008
Remarks by John MCain at his Ohio Town Hall Meeting | energy - johnmccain.com; 1772 words.
ARLINGTON, VA -- U. Senator John McCain will deliver the following remarks as prepared for delivery at a town hall meeting in Portsmouth, OH, today at 3:00 p. EDT: Before I take your questions, I wan... Read »
16:42
09/Jul
2008
No Left Turn | economy trade - financialsense.com; 981 words.
NO LEFT TURN by Paul PetilloManaging Editor, BlueCollarDollar.com July 9, 2008 Doubling the deficit is hardly the kind of attention you want to draw upon yourself while running for the highest office ... Read »
16:38
09/Jul
2008
McCain Much Less Visible | news media - santopia.com; 849 words.
Elizabeth Farmington Fertile Foley Gary Hills Isle Jackson Johnson Kennedy Lewiston Lowry Madison Manchester Minneapolis Minnetonka Myrtle Nelson Princeton Roosevelt St. Paul Stephen Trail Virginia We... Read »
16:32
09/Jul
2008
Gov t budget gap seen at P45B in 09 | economy - inquirer.net; 829 words.
Death and taxes.. Palace says lower VAT on oil, wage hike not possible .. VAT on oil to provide P4-5B for rehab, subsidies--officials .. Escudero: Where is windfall collection from VAT on oil? . Gov ... Read »
16:24
09/Jul
2008
Fed wants to beef up regulation of financial markets | economy - ecollegetimes.com; 408 words.
WASHINGTON _ Two days before Congress rolls up its sleeves and begins to consider new regulation of financial markets, Federal Reserve Chairman Ben Bernanke called Tuesday for additional powers to loo... Read »
15:56
09/Jul
2008
Rich nations pledge action at G8 | goals - thewest.com.au; 825 words.
Leaders of the world's top industrial powers have ended a summit on Wednesday with pledges to act on soaring oil and food prices, but failed to bridge deep differences with poor nations on fighting cl... Read »
15:55
09/Jul
2008
Mac's Off Cap-and-Trade | political - silobreaker.com; 1010 words.
After writing favorably about Sen. McCain's recent economics speeches, where he clearly shifted toward the supply-side both on tax cuts and producing more energy, I went back last evening and carefull... Read »
15:51
09/Jul
2008
DEVELOPMENT: Decades of Bad Policies Brewed a "Perfect Storm" | goals - ipsnews.net; 802 words.
DEVELOPMENT: Decades of Bad Policies Brewed a "Perfect Storm" By Thalif Deen UNITED NATIONS, Jul 9 (IPS) - When the Cold War ended following the collapse of the Berlin Wall in 1989 and the subsequent ... Read »
15:44
09/Jul
2008
Partying like it's 1980 all over again | political - freerealtime.com; 1999 words.
Partying like it's 1980 all over again Economic, foreign policy issues in 2008 smack of Reagan-Carter contest By Russ Britt, . LOS ANGELES (MarketWatch) -- High gas prices, home mortgage troubles, a w... Read »
15:42
09/Jul
2008
G8 Leaders Statement on Global Food Security | development - newsfordev.org; 1319 words.
1. We are deeply concerned that the steep rise in global food prices coupled with availability problems in a number of developing countries is threatening global food security. The negative impacts of... Read »
15:38
09/Jul
2008
Gov t to spend P55B on farm sector / Michelle Remo | philippines - inquirer.net; 812 words.
Fishing ban in Romblon town stays; water tests expanded .. Puerto Princesa s corn suman, oily fish barbecue .. Where to get prime Angus beef, best carbonara, cupcake tower. Population, typhoons keep... Read »
15:37
09/Jul
2008
China set to become world`s biggest economy | economy - zeenews.com; 647 words.
Washington, July 09: China's economy will overtake that of the United States by 2035 and be twice its size by mid-century, a study released Wednesday by a US research organization concluded. The repor... Read »
15:37
09/Jul
2008
Stagflation Sightings Multiplying | stocks bonds - marketoracle.co.uk; 950 words.
We have long warned that stagflation, or economic contraction accompanied by inflation, would become so evident that even the most optimistic observers could not deny its virulence. Last week, Warren... Read »
15:27
09/Jul
2008
Mike, I do apologize for the per-capita slip up and you're right, the US does have a higher GDP per capita than Europe does (I remember thinking that | liberal - newsvine.com; 7479 words.
You pay all these taxes but you don't want anything in return for it. You get mad when someone is taking welfare and sitting on their ass. What have you got against sitting on your ass? The whole poin... Read »
15:23
09/Jul
2008
Economy & Politics coverage | economy - marketwatch.com; 663 words.
Columnists. group of eight summit No formal targets for greenhouse emissions Bush says call for reductions marks 'significant progress' Leaders of 16 nations at a multilateral gathering in Japan a... Read »
15:17
09/Jul
2008
Batch 3 Posted 9/7/08 | africa - zimbabwesituation.com; 14722 words.
Briefing Security Council, Deputy Secretary-General calls Zimbabwe crisis 'a moment of truth for democracy' in Africa, 'a challenge to the world' . United Nations Security Council Date: 08 Jul 2008 ... Read »
15:11
09/Jul
2008
Chuck Butler s Currency Round Up | economy - contrarianprofits.com; 623 words.
Bernanke May Get Aggressive on Inflation Soon. Dollar Gives Back Early Gains, Market Awaits Guidance this week from Bernanke. Dollar Gives Back Early Gains, Market Awaits Guidance this week from Berna... Read »
15:05
09/Jul
2008
New surveys point to growing woes over growth, inflation | stocks shares - cpheraldleader.com; 726 words.
OTTAWA Soaring energy prices are casting a long shadow over the economy, increasing the risk that Canadians face a period of low growth and high inflation, economists say. With economists awaiting F... Read »
15:02
09/Jul
2008
European markets rise, led by banks and miners - European commentary | economy - rttnews.com; 331 words.
Cardinal Health to consolidate businesses into two segments, cut 600 jobs; affirms FY08 adj.0% Contingent Convertible Senior Subordinated Notes Due 2023.08 bln 'hostile bid'; GfK to pursue alternative... Read »
15:00
09/Jul
2008
McCain's Social Security "Disgrace" | mortgages - time-blog.com; 2197 words.
Yesterday, I wrote about Boone Pickens's plan to plaster the center of the country with windmills. He's on a PR blitz , trying to convince the country and its politicians especially those two guys run... Read »
14:57
09/Jul
2008
Spanish PM talks of 'crisis' as recession fears grow | economy - maktoob.com; 636 words.
Fears mounted on Wednesday for the Spanish economy, until recently a driver of growth and job creation in the eurozone, after Prime Minister Jose Luis Rodriguez Zapatero referred to a "crisis" for the... Read »
14:39
09/Jul
2008
Prosperity will be reviewed | economy - bclocalnews.com; 296 words.
The environmental assessment (EA) review process for the proposed Prosperity gold and copper mine at Fish Lake will be moving forward, Taseko Mines announced Monday. The company has been waiting for a... Read »
14:34
09/Jul
2008
Fortinet-SPAM] Why obstacles to a deal on climate are mountainous | global warming - blogspot.com; 1187 words.
Something has changed in the debate on man-made climate change: the US is engaged. But its engagement or at least the engagement of President George W. Bush is neither enthusiastic nor uncondition... Read »
14:33
09/Jul
2008
Asian stocks rally after Wall Street rise, financials lead advance - UPDATE | stocks shares - quote.com; 931 words.
05:13:40 EDTHONG KONG (Thomson Financial) - Asian stock markets advanced on Wednesday after U. stocks finished sharply higher overnight as oil prices dropped for a second straight day and as credit co... Read »
14:30
09/Jul
2008
BASE METALS: Comex Copper Recovers After Peruvian Strike Vote | commodities - fxstreet.com; 700 words.
18:03 GMT.BASE METALS: Comex Copper Recovers After Peruvian Strike Vote By Allen Sykora Of DOW JONES NEWSWIRES Copper futures flipped higher Wednesday afternoon in response to reports of a potential s... Read »
14:25
09/Jul
2008
How will Oil prices respond after yesterday's $6 dip? | currency trading - forexyard.com; 1108 words.
Yesterday, the greenback rallied against most of its currency pair rivals. The USD gained close to 100 pips against the EUR, and saw bullish trends against the JPY and the GBP as well. One of the main... Read »
14:25
09/Jul
2008
Midday News Recap: Canadian Housing Starts Fall, U.S. Retail Profits Up | economy - economicnews.ca; 1060 words.
Cool in June as Affordability Deteriorates and Demand Softens 09/07 11:26 - Canadian Yields Heating up After Early-Morning Dip 09/07 10:43 - U. Crude Oil Inventories Decline Twice as Much as Expected... Read »
14:24
09/Jul
2008
U.K., U.S. Bet Big on a Slowdown | stocks bonds - newsmax.com; 435 words.
Bank of England Governor Mervyn King is worried about inflation and says a slowdown in United Kingdom economic growth is needed., meanwhile, Fed Chairman Ben Bernanke and the Federal Open Market Commi... Read »
14:24
09/Jul
2008
Pakistan central bank rescues rupee | banks - tradearabia.com; 338 words.
The Pakistani rupee rose 2 percent on Wednesday from a day-earlier record closing low after the central bank said it was tightening regulations on transactions to support the rapidly depreciating curr... Read »
14:11
09/Jul
2008
Candidates Pitch Economic Plans | economy trade - cbn.com; 457 words.
WASHINGTON - If you're like most Americans, these days it may feel like you're paying more for everything: from the food you buy at the grocery store to the gas you pump to fuel your car. And in these... Read »
13:54
09/Jul
2008
Farm sector growth will be higher this year: Swaminathan | economy trade - indiaprwire.com; 519 words.
With the south-west monsoon predicted to be normal, the agriculture sector growth is expected to be more this fiscal (2008-09) than the previous one (2007-08) at 4. With the south-west monsoon predict... Read »
13:31
09/Jul
2008
Undervalued loonie could return to its peak: economist | oil energy - financialpost.com; 921 words.
Globalinsight, Mike Faille, National PostCANADIAN DOLLAR, OIL BREAK STRIDE: The average value of the Canadian dollar and average price of oil for each quarter. The Canadian dollar is undervalued and c... Read »
13:29
09/Jul
2008
Transportation news: Pelosi calls on Bush to draw down U.S. Strategic Petroleum Reserve | economy - logisticsmgmt.com; 869 words.
WASHINGTON In an effort to quell continually rising oil prices, United States Speaker of the House Nancy Pelosi called on President George W. Bush to draw down a small portion of oil held in the count... Read »
13:28
09/Jul
2008
Corzine backs Barack's tax reform for upper earners | taxes - northjersey.com; 731 words.
Governor Corzine touted Barack Obama s economic plan this morning, saying the Democratic presidential candidate can lead the country back to prosperity. What we re talking about is going back to a ta... Read »
13:19
09/Jul
2008
Finnair | airlines - ebookers.com; 1493 words.
In a statement made on Tuesday, Finnish National carrier said that the passenger number for its carriers hit record low in the month of June owing to the lack of demand caused by the global economic s... Read »
13:18
09/Jul
2008
The Russian Economic Boom: Heading for a Bust? | oil energy - seekingalpha.com; 4551 words.
Russia's inflation rate remained tantalizingly frozen at its highest in more than five years in June as energy and food prices continued to move on upwards.1 percent from a year ago matching the rate ... Read »
13:09
09/Jul
2008
"i do not wish | economy - chowk.com; 3263 words.
This is to bring regretfully to your notice that Masadi sahib has been banned again by the chowkstaff. And in his opinion he has been banned baselessly for benign stuff. regarding the Nazims, here is ... Read »
13:09
09/Jul
2008