Archive for July 27th, 2009


FOXNews
Flat-Panel TVs Showcase US-China Trade Issues
NPR
That meant US dollars went further in China — they could buy more things coming out of Chinese factories. Economist Peter Morici of the University of
Senior US officials attach great importance to co-op with ChinaXinhua
US-China talks to focus on global economy, environmental policyLos Angeles Times
China wants US to cut deficitUnited Press International
Christian Science Monitor -Xinhua
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Ghana: The Demand Side of Exchange Rate
AllAfrica.com
Simply put, an exchange rate between two currencies is the price of one currency in terms of the other. For instance the exchange rate between the Ghana

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Xinhua
Oil extends rally on strong housing data
Xinhua
Light, sweet crude for September delivery rose 33 cents to settle at 68.38 US dollars a barrel on the New York Mercantile Exchange.

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ANALYSIS-Strong Colombian peso may force interest rate cut
Forbes
said the bank "might cut rates by 50 basis points if inflation remains low, and unemployment high, especially now that exchange rate is appreciating.

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Ubisoft sales decline in fiscal Q1 2009-2010
Crispy Gamer
Note: numbers have been converted from European Euros to US Dollars at an exchange rate of 1.37 US Dollars to 1 Euro.

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Washington Post
Senior US officials attach great importance to co-op with China
Xinhua
of the Cultural Revolution and its gross domestic product stood at a mere 176 billion US dollars, a fraction of the US total of 2.5 trillion dollars.
US-China talks to focus on global economy, environmental policyLos Angeles Times
The China Bubble's Coming — But Not the One You ThinkGuruFocus.com
Vietnam proposes measures to boost exports to ChinaXinhua
Xinhua -Xinhua
all 1,732 news articles »

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Examiner.com
Tips for safe spending abroad
Examiner.com
In many poor countries or countries where the currency is unstable or experiencing rapid devaluation, US dollars may be preferred but governments,
AAA Tips on Spending OverseasTravel Agent

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Central Banks Reveal Shrinking Currencies Business
Wall Street Journal
The UK and the US jointly account for around a half of global currency trading flows. A smaller survey released by the Bank of Canada showed that average
UK daily FX turnover down 20 pct in 6 months to AprilForbes
UK, US Forex Trade Down By 25% In 6 Mo To AprWall Street Journal

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UK daily FX turnover down 20 pct in 6 months to April
Forbes
to dwarf that in New York, Singapore and other reporting financial centres, keeping intact London's position of global hub of currency trading.

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BBC News
UPDATE 2 -S.Lanka shares at fresh 1-yr high on IMF loan
Reuters India
The rupee was trading at 114.90/95 a dollar but the exchange rate was held in place as a state bank, which the central bank uses to direct the market,
Reforms to fiscal policy, exchange rateThe Island (subscription)
US$2.6 Bn from IMF is a big victory SL after war – CabraalDaily Mirror
Sri Lanka gets US$2.6bn from IMF on tight budget, rupee flexibilityLanka Business Online
Nation on Sunday -Reuters -The Island (subscription)
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