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Once chic, the euro now fashion victim
Written on 21 Jun, 2010 at 6:09 in Money | viewed 63 views times and users have made 0 comments so far
Two years ago, Billy’s Antiques & Props on East Houston Street in Manhattan caused an international media stir when the proprietor hung a handmade sign that read: “Euros Only.” For Billy Leroy, owner of the street-side shop that... (Continue reading)
Obama praises China’s move to allow its currency to float
Written on 21 Jun, 2010 at 6:07 in Money | viewed 59 views times and users have made 0 comments so far
Washington President Barack Obama welcomed Saturday’s news that China’s central bank will allow its national currency to float ahead of the G-20 summit in Toronto, Canada, next week. In a statement issued Saturday, Obama praised China’s decision to... (Continue reading)
Stretching the market rally
Written on 21 Jun, 2010 at 5:33 in Money | viewed 50 views times and users have made 0 comments so far
A two-week advance looks to continue this week, as investors consider the latest on the global economy — but the early summer correction may not be over. After slumping almost 14% in six weeks, stocks, as measured by... (Continue reading)
China ’steals U.S. thunder’ ahead of G20
Written on 21 Jun, 2010 at 5:30 in Money | viewed 48 views times and users have made 0 comments so far
China’s announcement that it will introduce more flexibility into its exchange rate is a deft political move amid rising international criticism of Beijing, but the economic implications are much less certain. Although Chinese officials insisted on Sunday... (Continue reading)
BP: We’ll pay the bill for now
Written on 19 Jun, 2010 at 6:09 in Money | viewed 38 views times and users have made 0 comments so far
BP will continue to pay the costs for the oil spill cleanup and will work out with its drilling partners later who is liable for the costs, a executive for the oil giant told a Senate subcommittee Wednesday. “BP... (Continue reading)
EU edges towards disclosing bank ’stress tests’
Written on 19 Jun, 2010 at 6:07 in Money | viewed 33 views times and users have made 0 comments so far
France on Thursday joined calls for the release of “stress test results” on the solidity of Europe’s banks, urging a coordinated European approach to the publication of findings “the sooner the better”. Christine Lagarde, French finance minister, said... (Continue reading)
EU leaders agree tougher budget scrutiny
Written on 19 Jun, 2010 at 6:05 in Money | viewed 32 views times and users have made 0 comments so far
European leaders agreed on Thursday to strengthen the eurozone’s economic governance by tightening surveillance of national budgets, paying more attention to debt levels and developing a scoreboard for assessing business competitiveness. According to a draft summit communiqué,... (Continue reading)
Mobile phones used to get past China’s Internet censors
Written on 19 Jun, 2010 at 5:57 in Money | viewed 36 views times and users have made 0 comments so far
Beijing, China — The mobile web in China has loopholes where content could go under the radar of government censors, analysts say. “It could be anything else the government normally frowns upon or does not consider healthy,... (Continue reading)
Stocks end flat after choppy session
Written on 17 Jun, 2010 at 11:29 in Money | viewed 40 views times and users have made 0 comments so far
NEW YORK — U.S. stocks recovered from deep losses Wednesday and finished a choppy session near the previous day’s closing levels as investors considered mixed economic news and BP’s agreement to establish a $20 billion escrow fund... (Continue reading)
China export surge stirs U.S. anger
Written on 11 Jun, 2010 at 7:11 in Money | viewed 26 views times and users have made 0 comments so far
A surge in Chinese exports and rising anger in the US Congress will put renewed pressure on China to allow its currency to rise against the US dollar. Chinese trade figures showed exports leaping by 48.5 per cent... (Continue reading)
Hop Topics in Money
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- Google ditches Windows on security concerns - 150 views
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- AIG, Prudential fail to agree Asian deal - 142 views
- Housing market diagnosis: Bipolar
(3.00 out of 5) - One jobs bill down … what happens next? (0.00 out of 5)
- States launch their own health care cost assaults (0.00 out of 5)
- Health reform: Where the money will come from (0.00 out of 5)
- Stocks head for weak open (0.00 out of 5)
- ‘Crash of 2.45′ paralyzes market participants (0.00 out of 5)
- Asia markets tumble as fears spread (0.00 out of 5)
- Financial world awaits UK election results (0.00 out of 5)
- Nokia sues Apple over iPad patents (0.00 out of 5)
- IMF head calls for eurozone reform (0.00 out of 5)
- Housing market diagnosis: Bipolar - 1 votes
- One jobs bill down … what happens next? - 0 votes
- States launch their own health care cost assaults - 0 votes
- Health reform: Where the money will come from - 0 votes
- Stocks head for weak open - 0 votes
- ‘Crash of 2.45′ paralyzes market participants - 0 votes
- Asia markets tumble as fears spread - 0 votes
- Financial world awaits UK election results - 0 votes
- Nokia sues Apple over iPad patents - 0 votes
- IMF head calls for eurozone reform - 0 votes