Archive for July 18th, 2009

Peter Crabb: China should stop tying its currency to the dollar
IdahoStatesman.com
Visiting China this week, US Commerce Secretary Gary Locke said the country should allow greater flexibility in its exchange rate and open local markets for
The Critical Piece to the China Plan: A Managed CurrencySeeking Alpha
It's Not Easy to Internationalize China's YuanKorea Times

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Investors try to get their money back
Minneapolis Star Tribune
invest his life savings in "speculative foreign currency trading through Refco, Inc.," a company that declared bankruptcy within days of his investment.

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Telegraph.co.uk
Pacquiao the boxer draws praise from UFC supremo Dana White
Telegraph.co.uk
UFC 100 is expected to draw in 1.3 million pay-per-view buys, was broadcast to 75 countries, and the ticket sales drew 5.1 million US dollars.

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Investors try to get their money back
Minneapolis Star Tribune
invest his life savings in "speculative foreign currency trading through Refco, Inc.," a company that declared bankruptcy within days of his investment.

and more »

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Argentina Econ Min: To Maintain Spending, Forex Policies; Minor
NASDAQ
BUENOS AIRES -(Dow Jones)- Argentina's new economy minister on Saturday promised to maintain many of the government's policies, including high public works

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US pavilion breaks ground at Expo site
Xinhua
According to the plan, the pavilion covers an area of 6000 square-meter, with a total investment of 61 million US dollars.

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ASEAN moves to ensure financial stability amid global crisis
Xinhua
The total size of the CMIM is 120 billion US dollars with the contribution portion between ASEAN and the Plus Three countries at 20 percent versus 80

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Washington Post
Fidel Castro urges US to cut off aid to post-coup government in
Xinhua
It has canceled 16.5 million US dollars in military aid to Honduras and threatened to cut off 180 million dollars more in civilian aid.
Honduran interim gov't reduces budget for 2009Xinhua

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China Names New Head of Foreign-Exchange Reserves
Wall Street Journal
The move isn't likely to fluster foreign-exchange markets or herald any change in China's exchange-rate policy and reform. Mr. Yi and Ms. Hu are both 51
Yuan drifts, NEER flags possible fall vs Asia FXAlibaba News Channel
China Yuan Ends Dn As Dollar Buying Interest ReturnsWall Street Journal
China Names US-Trained Economist As New Forex ChiefWall Street Journal

all 18 news articles »

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Brazil's VCP Q2 profit jump on forex gains, sales
Reuters
SAO PAULO, July 16 (Reuters) – Brazilian pulp and paper company Votorantim Celulose e Papel (VCPA4.SA) said late on Friday its second-quarter profit nearly
Brazil's Aracruz returns to profit on forex gainsReuters

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