Archive for March 12th, 2010

JPMorgan, Citigroup Helped Doom Lehman, Report Says
BusinessWeek
The currency- trading agreement between Lehman and Citigroup provided that any extension of credit by Citigroup was at its “sole discretion,” the report

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CBC.ca
Chilean president estimates earthquake damage at 30 billion dollars
Xinhua
27 was estimated at 30 billion US dollars, when announcing the budget readjustment for this year. "There are not definite amounts, but the property losses
Chile reconstruction to cost 30 billion US dollars: presidentSydney Morning Herald
New Chile president on reconstructionCCTV
Profile: Pinera Achieves Life's Dream of Becoming Chile's PresidentCRIENGLISH.com
People’s Daily Online -Xinhua
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Dollar and precious metals at a glance
BusinessWeek
NEW YORK Key currency exchange rates Friday, compared with late Thursday in New York: Dollar vs: Exchange Rate Pvs Day Yen 90.51 90.60 Euro $1.3757 $1.3673
Dollar and precious metals at a glanceBusinessWeek

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Los Angeles Times
China tells Obama stronger yuan no help to fill trade gap
Xinhua
The US Department of Commerce said on March 11 that the US trade deficit with China increased to 18.3 billion US dollars in January from 18.14 billion US
Talking Point: World trade heading for double-digit growth in 2010Balkans.com Business News
China exports rebound extends into FebruaryBrisbane Times

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Cybercrime surge pushes 2009 losses to 559 million US dollars
Sydney Morning Herald
Losses from cybercrime and online scams more than doubled in 2009 to 559 million US dollars as Internet criminals used more sophisticated techniques,

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Globe and Mail
Oil prices slip on weak US data
Sydney Morning Herald
New York's main contract, light sweet crude for April delivery, dropped 87 cents to close at 81.24 US dollars a barrel. London's Brent North Sea crude for
Crude prices stay above 82 US dollars in New YorkXinhua
Crude Prices Retreat after Mixed DataCRIENGLISH.com
Crude prices rise above 82 dollarsXinhua

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Friday Currency Wrap-Up: The US Economy Is Still Trending Higher
Forexrazor
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work

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Energy report: Chinese bubble a threat to economy?
Futures Magazine
He also called on the Chinese to embrace a "market-oriented" exchange rate policy. President Obama also said he would start to enforce existing trade deals

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Stanley Works wins EU approval to buy Black & Decker
Trading Markets (press release)
Stanley Works won approval on Friday from the European Union (EU) antitrust regulator to buy its rival Black & Decker for about 3.5 billion US dollars.

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Colombia Bond Yields Fall to 6-Week Low on Interest-Rate Bets
BusinessWeek
Individuals and companies buy dollars in the unregulated market when they can't get government authorization to purchase them at the official exchange rate
Argentina and Mexico: Latin America Bond and Currency PreviewBusinessWeek

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