Archive for December 16th, 2009

Forex: MBA: Mortgage Applications Edge Up As Rates Stay Low
ForexTV.com
(RTTNews) – Mortgage applications edged up last week as interest rates remained below five percent for the seventh straight week.

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MiamiHerald.com
Forex: Italy's Oct. Trade Deficit Widens
ForexTV.com
(rttnews) – Wednesday, Italy's statistical office Istat announced that the trade deficit stood at EUR 710 million in October, widening from EUR 62 million
Forex: Italy Oct. Current Account Deficit WidensForexTV.com

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Forex: Norway's Central Bank Hikes Key Rate For Second Time
ForexTV.com
(RTTNews) – Wednesday, Norway's central bank unexpectedly raised its key interest rate for the second straight rate-setting session.

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Globe and Mail
Manhattan DA:Credit Suisse To Enter Deferred Prosecution Pact
Wall Street Journal
The proposed settlement relates to payments in US dollars between 2002 and April 2007 by individuals or groups subject to US sanctions who were allowed to
Credit Suisse Group to pay $536M in Iran caseThe Associated Press

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Globe and Mail

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What CNBC And WSJ Won't Tell You: Lower Taxes Will Only Drive Wages Down
The Business Insider
The only protection from such exchange rate attacks on currency is to suspend convertibility, which then will keep foreign investment away.

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US Federal Trade Commission files suit against Intel
Sydney Morning Herald
The FTC suit comes a month after Intel agreed to pay Advanced Micro Devices 1.25 billion US dollars to settle the long-running legal dispute between the two

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Violence not to affect US troops pullout, Iraqi PM
Xinhua
He confirmed taht his government offered a reward of 100 million Iraqi dinars (about 90000 US dollars) to anybody who provides information about car bombs

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Bristol-Myers sets rate for Mead stock swap
MarketWatch
BOSTON (MarketWatch) — Bristol-Myers Squibb (NYSE:BMY) said early Wednesday that it has set its exchange rate for its offer to swap up to 170 million

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Globe and Mail
Gold climbs Ahead of Fed Decision, Petropavlovsk, Norseman and Oxus lead in London
Proactive Investors UK
The majority of international reserves are held in US Dollars, when the dollar is weak, international reserves devalue, subsequently central banks increase
How to Invest in Gold ManiaHoweStreet.com
Dollar hits two-month high after dataMarketWatch

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