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Foreclosures Affect Merced Economy
2008-06-19 06:42:00 A few years ago, Merced, California experienced the property boom in all its dimensions. Real estate brokers made hay selling property to investors from outside and home prices were on an upswing. In a single year, home prices were increasing by 30 percent or more. Today the picture is quite different. Now the main clients ...
McCain, Obama trade jabs on economy, taxes
2008-06-10 19:42:00 WASHINGTON - Republican John McCain said Tuesday that Democrat Barack Obama is bad for business as the presidential rivals appealed to voters worried about lost jobs, rising gas prices and other economic woes.
By: Get rich
Viet Nam to Face `Turbulence' Until Inflation Slows, Fund Says
2008-06-10 13:40:00 Recent market ``turbulence'' in Viet Nam that has included rising bond yields, tumbling stocks, and a fluctuating currency is unlikely to ease until inflation slows, according to an investment fund focused on the country. Viet Nam's five-year local-currency bonds have faced ``continued selling pressure'' while the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bonds Rise; Central Bank Raises Rates to Slow Inflation
2008-06-10 13:37:00 Bonds rose for a second day on speculation inflation will slow as the central bank increased interest rates to 14% today. Yields are near the highest since at least July 2006 after the Southeast Asian country posted inflation at the fastest in 16 years. The Vietnamese central bank today announced to increase the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Raises Key Rate to 14% to Rein in Inflation
2008-06-10 13:03:00 Viet Nam increased the benchmark interest rate for a third time this year to rein in the fastest inflation since at least 1992 and shore up confidence in the currency and stock markets. The State Bank of Viet Nam raised the base rate to 14% from 12% to stabilize the economy, according to a statement on the central... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Indonesian central bank may suffer 8.02 trillion rupiah deficit
2008-06-10 09:35:00 The Indonesian central bank may suffer this year a much bigger deficit than last year due to a costly interest payout to holders of its key certificates, local press said Tuesday. Bank Indonesia, the central bank, is expected to suffer a total deficit of 8.02 trillion rupiah (about 861 million U.S. dollars) by the end of 2008, as it has to pay the interest of its certificates. Last year, the bank suffered a deficit of 1.4 trillion rupiah (150 million dollars), reported major newspaper The Jakarta Post, citing central bank chief Boediono. The bank announced that foreign exchange reserves in the first quarter of this year stood at 59 billion dollars due to a rise in exports, but the figure fell to 57.46 billion in May.Indonesia News Blog: http://indosnesos.blogspot.com-
Obama Leads McCain After Clinton Endorsement
2008-06-10 08:51:00 Barack Obama made gains over John McCain according to the latest presidential polling. Rasmussen and Gallup polling data from June 6 through June 8 showed a sizable bump for Obama after officially clinching the Democratic nomination. Barack Obama became the presumptive Democratic nominee last Tuesday after picking up superdelegates endorsements and pledged delegates from South Dakota and Montana. Senator Clinton met with Democratic leaders on Wednesday and later announced her intentions to withdrawal from the race and endorse Obama. With the Democratic nomination locked up and Senator Clinton endorsing Obama, Obama had a week of publicity following this major victory. According a Rasmussen poll, Obama picked up 4 points and McCain lost 2 points from the previous week. The six point swing gives Obama a 50 percent to 44 percent lead. The previous Rasmussen poll showed a dead tie between Obama and McCain. Gallup polling data showed a slightly larger swing fo...
Obama: Give economy $50 billion boost
2008-06-10 06:54:00 On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday that lawmakers should inject another $50 billion immediately into the sluggish U.S. economy. The presumptive Democratic presidential nominee cited the largest monthly increase in the unemployment rate in over 20 years, and record highs in oil prices, food prices and foreclosures. "Such relief can't wait until the next president takes office. ... That's why I've called for another round of fiscal stimulus, an immediate $50 billion to help those who've been hit hardest by this economic downturn," Obama told a crowd in Raleigh, N.C. Yeah, because the current one has been such a smashing success. Didn't Obama bad mouth the previous stimulus package? Oh yeah, he did. It's not that the economy has taken a downturn, it's the high cost of oil as well as bad mortgage decisions by all involved. This is simply the market place adjusting itself. Nothing more. Travis...
Tougher rule on foreign currency speculation
2008-06-10 06:00:00 On June 5, the State Bank of Viet Nam announced the forex rate of 16,117 dong/US dollar but the black market (that is a market consisting of all commerce on which applicable taxes and/or regulations of trade are being avoided) recorded the forex rate being pushed to 18,400 dong per US dollar, higher 14% than SBV's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Obama: Give economy $50 billion boost
2008-06-10 03:44:00 With a big jump in the unemployment rate and record oil prices, Barack Obama says he wants to extend benefits for those out of work and send out more rebate checks. EMAIL| PRINT | DIGG | RSS Subscribe to Economy feed://rss.cnn.
By: Get rich
ST Telemedia`s sale of Indosat shares to Qtel "unethical", KPPU
2008-06-10 01:37:00 The Commission for Supervision of Business Competition (KPPU) said the sale of Singapore Technologies Telemedia (STT)`s 40.8 percent stake in PT Indosat to Qatar Telecom (Qtel) is an "unethical act and a show of disrespect for an ongoing legal process.""While still involved in the legal case being handled by the Supreme Court, STT has sold its shares. This is tantamount to trampling not only on the KPPU`s but also on the nation`s self-respect," KPPU chief Syamsul Maarif said here Monday.Qtel on Friday (June 6) announced it had bought 40.8 percent of Indosat shares through Asian Mobile Holding which in STT`s structure is the owner of Indonesia Communication Limited (ICL) in whose name the Indosat shares were registered. The Qatari company paid 2.4 billion Singapore dollars or 1.8 billion US dollars for the shares. Not long ago, the KPPU ruled Temasek Holding, STT`s parent company, had violated Indonesia`s anti-monopoly law and ordered the Singaporean group to divest its stakes...
Follow Up : Al Burullus revolution.
2008-06-09 22:04:00 First of all I want to clarify something , yes Kafr El-Sheikh has a great MB presence but they do not have any relation from near or far with the uprising , with the mini revolution of the Al Burullus people. Already Al Burullus people acted alone with no pre-organizing movement and this is why it is dangerous from the security of point of view . If it were the MB or the leftists then it would be easily to control but this sudden emotional rebel moves make the regime scared to death. This is stupid regime which does not learn from its mistakes , it forgot that simple fishermen can be very angry and their anger of those outcasted forgotten people can harm all Egypt ,especially rich Egypt that goes to the north Coast and already they saw it last July in the Water protests. Now here is a theory the regime acted so ugly and violently with the people of Al Burullus ?they did not arrest them last year? because they wanted to teach them a lesson , it is not a game to cut or block the ...
Apartment Buildings Beat Inflation With Rising Rents
2008-06-09 20:57:00 It is no secret that inflation has reared its ugly head in the US and around the world. And it is easy to see its effects whenever you go to the gas station to fill up your car or to the grocery store to buy a loaf of bread. You can read the statistics: gas prices are above $4.00 while corn and wheat prices are touching record high in the futures markets. However, for the individual investor it can be difficult to gauge the devastating impact of inflation on his or her investment portfolio. Most investors have the bulk of their money invested in paper assets such as stocks, bonds and mutual funds. Paper assets as opposed to hard assets like gold or real estate usually fair the worst during inflationary periods. The reason for this is because while goods and services are rising in price there is a simultaneous drop in the value of the US Dollar and the price of securities or common stocks. Public companies tend to trim operations during inflationary and recessionary economies b...
Follow Up : The Al-Burullus uprising "With videos and photos"
2008-06-09 20:49:00 Al-Burullus made the headlines around the globe in the last 48 hours as the city which saw the hunger revolution , real hunger revolution. All Egyptian commenters and activists consider Al-Burullus to be the second Mahalla whether from the public anger or how the security dealt with it. Nevertheless Al-Burullus people proved to be real respectable people with hot temper , if we were all with hot temper like them our rights would not have been taken one by one like this. If you remember last summer we were shocked to know that in the land of the Nile there were Egyptians who could not find not clean water for months , the Nile Delta saw huge protests starting from Al-Burullus , when the people from that city brought their cause to the attention of the world when they cut and blocked the international highway for 6 or 7 hours after 11 days without water. Ironically its anniversary is next month The people of Burullus knew the trick ,the government won?t listen or look down humb...
Workers? surfing costs economy £10bn a year
2008-06-09 16:19:00 The average UK employee spends 90 minutes each week surfing the web for personal use, costing the economy more than £10bn per year, research has found. A survey of 503 organisations by the CBI also revealed that
Websites Dedicated To Helping You Save Money At The Grocery Store
2008-06-09 15:13:00 The economy isn’t as bad as it could be, but it has definitely been flat. The rising cost of gas and food has pinched your pockets. The good thing is that it’s teaching people to be more frugal with their money without having to read tons of personal finance blogs. The bad ...SHARETHIS.addEntry({ title: "Websites Dedicated To Helping You Save Money At The Grocery Store", url: "http://www.moneycrashers.com/w-ebsites-dedicated-to-helping-yo-u-save-money-at-the-grocery-sto-re/" });
By: Money Crashers
Most think economy is weak but will improve
2008-06-09 13:38:00 y feed://rss.cnn.com/rss/money_ne-ws_economy.rss Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) Issue #1 on CNN ? This week, 12pm ET NEW YORK (CNNMoney.
By: Get rich
Bumi Discovers 442 Million Tons Coal Reserves in Indonesia
2008-06-09 12:05:00 PT Bumi Resources, Asia's biggest thermal-coal exporter, said it discovered 442 million of tons of coal reserves in Indonesia's part of Borneo island.The discovered reserve may increase the company's coal reserves by 31.5 percent this year, the company said in a statement in Jakarta. Bumi's shares rose.Indonesia News Blog: http://indosnesos.blogspot.com-
Adaro to launch Indonesia?s biggest IPO
2008-06-09 12:04:00 Indonesia?s second largest coal miner, PT Adaro Energy Tbk, has set the price of its initial public offering at 1,100 rupiah per share, a senior executive of Danatama Makmur which managed the deal said on Monday. Vicky Ganda Saputra, vice president of investment banking at Danatama, told Reuters that the company will raise 12.3 trillion rupiah ($1.32 billion) by offering 34.8 per cent of its share capital, making it the biggest IPO by value in Indonesia?s history. Indonesia News Blog: http://indosnesos.blogspot.com-
IMF suggests steps to fix Viet Nam's 'overheating' economy
2008-06-09 09:09:00 The IMF said Friday Viet Nam should tighten monetary and fiscal policy to fix its "overheating" economy, which has been battered by double-digit inflation and a widening trade deficit. The communist government should raise interest rates, cut the budget deficit, improve oversight of the banking sector and push market... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Standard Chartered considers Indonesia a benchmark for success
2008-06-09 05:49:00 The Jakarta Post talked to Standard Chartered group chief executive Peter Sands on the bank's plan to expand business here, and concerns for the community.The following are excerpts from the interview:Generally, by the benchmark of Standard Chartered banking in Indonesia, it's been a success story. We acquired the American Express Bank business here in Indonesia as well, so as to increase capabilities of both the corporate side of the financial institution, and the retail side as well.Do you think Indonesia has the potential to be like Brazil, Russia, India and China (BRIC)?I definitely feel there's potential for Indonesia. It has the GDP growth potential, and has the scale, population and natural resources to become another BRIC, which I think is a very exciting prospect for the country.There are quite a number of studies on how economies will grow to 2025 and 2050. I think Indonesia figures very strongly in the top 10, just outside the top five. There's a lot of opportunities ...
Trading in Indonesia's Indosat halted after Qatar deal
2008-06-09 05:44:00 Trading in the country's second largest mobile phone operator, PT Indosat Tbk ISAT.JK, was suspended on Monday after Qatar Telecom QTEL.QA increased its stake in the firm to 40.8 percent. The Indonesia Stock Exchange said the bourse will ask for more clarifications on the transaction before lifting the trading halt.Earlier: Singtel disposes stake in Indonesia's IndosatIndonesia News Blog: http://indosnesos.blogspot.com-
Indonesia to open trade promotion centers in 11 cities abroad
2008-06-09 02:48:00 Indonesia will open trade promotion centers (ITPC) for export products in eleven cities in the world in 2008 to strenghten penetration to foreign markets. "We have just received a permit to process another eleven. We will maximize the function of the ITPC to help promote and identify market opportunities and inform them to Jakarta," Trade Minister Mari Elka Pangestu said here over the weekend. The eleven cities are Shanghai (China), Busan (S. Korea), Chennai (India), San Diego(US), Chicago (US), Barcelona (Spain), Lagos (Nigeria), Vancouver (Canada), Jeddah (Saudi Arabia) and Lyon (France). Earlier, Indonesia already had ITPC offices in nine cities Osaka (Japan), Budapest (Hungary), Los Angelos (US), Milan (Italy), Sydney (Australia), Sao Paulo (Brazil), Dubai (United Arab Emirates), Hamburg (Germany) and Johanesburg (S. Africa). In the meantime, General Chairman of the Indonesian Furniture and Handicraft Producers Association Ambar Tjahjono asked the government to make ...
Tumbling Western economy to help BRIC
2008-06-08 22:02:00 By Guy Faulconbridge St. Petersburg (Russia) June 8: The Western financial crisis means the fast-growing economies of Brazil, Russia, India and China will grow their share of the world economy even faster than originally f7 Vote(s)
By: Market Buzz
Is the Euro just too strong for the good of the European economy?
2008-06-08 19:13:00 The actions that the American, British and European central banks have taken have all affected their respective exchange rates of course. We’ve seen the pound move from a typical $1.50 to more like $2 these days and that’s obviously had quite a considerable effect on international trade between the two countries which has always been substantial. ...
Bad habits persist amid equitisation
2008-06-08 13:11:00 Many joint stock companies are still performing poorly after equitisation due to their failure to incorporate corporate governance policies, a conference on restructuring enterprise after equitisation was told on Thursday. Addressing the seminar, deputy general director of the State Capital Investment Corporation... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
8,000 protesters are not few protesters
2008-06-08 10:47:00 Last night the city of Al-Burullus witnessed huge clashes between the citizens and police forces. About 8000 citizen gathered and protested against the governer's decision to distribute Wheat on bakeries instead of the people.The clashes and its size and severity reminded the people with the clashes of the Mahalla on last 6th of April 2008 .I think that this is the first big sized protests to be for wheat and bread , Mahalla was originally for workers' right and rise in prices , but this is for Wheat and bread.People are getting more and more angry for wheat , this reminds me with the French Revolution , strangely no one reads history or learns anything from it , Moshe Dyan was right !!The Governer of the Kafr El-Sheikh , which Al-Burullus city follows of course denied that there were clashes and said that the protestors were few on TV last night !!??I do not think that 8000 citizens can be described as few protesters ,even if they protested in Cairo !!??I am trying to put my hand...
Singtel disposes stake in Indonesia's Indosat
2008-06-08 09:48:00 Singapore Technologies Telemedia (STT), a wholly-owned unit of state-linked investment firm Temasek Holdings, has sold off its interest in Indonesian telecom firm PT Indosat to business partner Qatar Telecom, the company said.Qatar Telecom will pay 1.8 billion US dollars for the 40.8 percent stake in PT Indosat held by Asia Mobile Holdings, a joint venture firm between the Qatari outfit and STT, the company said Saturday."ST Telemedia will no longer have any involvement in Indosat," it said in the statement.The disposal of the stake came after an Indonesian competition watchdog ruled that Temasek has broken the country's anti-monopoly laws and ordered the Singapore investment firm to divest its holdings in either PT Indosat or PT Telkomsel.Temasek indirectly holds 35 percent of PT Telkomsel via its 56-percent owned unit Singapore Telecommunications Ltd (SingTel).Indonesia News Blog: http://indosnesos.blogspot.com-
Crushing Doctors
2008-06-08 00:05:00 Matthew Yglesias provides a good example of what Democrats must avoid if they are to become a majority party. He presents a graph on Medicare spending and concludes that the solution is “crushing of the doctor’s lobby” and “some kind of doctor-crushing initiative.” Fortunately he has many readers, which presumably includes liberal Democratic voters, who ...
By: Liberal Values
Price of US dollar plummets while gold prices increase sharply
2008-06-07 17:27:00 The domestic price of gold reached VND18.6 million per tael, even as high as VND18.88 million in some places on June 7, after the world?s gold prices spiked last night. Gold at the Hanoi Gold, Silver and Gem Stone Company is currently sold for VND18.4-18.6 million per tael, up VND20,000/tael compared with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Oil ?Bulls? its Way Above $139 on its Way to a New Record as the U.S. Dolla
2008-06-07 16:17:00 Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate and on worries that a bigger-than-expected spike in unemployment meant the U.S. economy was far weaker than feared. For the day, July crude oil soared $10.75, or 8.4%, to close at an all-time high of $138.54. For the week, the contract climbed 8.8% on the NYMEX. The still-weak greenback today fell more than 1% to $1.5674 per in late-afternoon trading - its…
By: Jutia Group
The U.S. Economy?s Uncertainty Brings Opportunity for Investors in the Mont
2008-06-07 15:30:00 With a wheezing economy that?s struggling with housing and credit problems - as well as a weak dollar - it?s clear the United States won?t be in the investment spotlight this year. But don?t despair. Because a trend that has long been talked about - economic decoupling - is finally starting to manifest itself as other world economies, particularly the so-called ?BRIC? markets of Brazil, Russia, China and India, have continued to grow even as the U.S. economy has slowed. That means profit opportunities abound for U.S. investors, despite myriad messes on the home front that include a collapsed housing market,…
By: Jutia Group
E-Book on the Economy and Mortgage Rates Coming
2008-06-07 14:51:00 I don't normally throw out advertising in this blog, but I wanted to get this news out... In the next month or so, I am going to finish a book on how the economy affects mortgages rates. I believe every mortgage professional, and any other professional in the industry who wants to show added value, needs to know how economic data, events, etc. impact mortgage rates and why it is so important to have a constant watch on them, or at least work with a mortgage professional who accesses real-time mortgage bond quotes. The book will be highlighting how various economic data plays a role in the overall picture, especially those that highlight inflation. It will also delve into how to read charts, chart patterns, stochastics, and how these technical indicators can "predict" where interest rates are headed with some certainty. The book is mostly written at this point, but I do need to put final touches on it, review it for accuracy, etc., so it may be a little while before it i...
Viet Nam not devalue dong, says PM
2008-06-07 14:17:00 Viet Nam has no plans to devalue the dong within the current context of current account and the current general economic situation, affirmed Prime Minister Nguyen Tan Dung. The Prime Minister made the statement at a meeting with JP Morgan chief economist David Fernandez on June 5 to discuss issues of great concerns... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
No End In Sight For U.S. Banking Crisis
2008-06-07 05:31:00 The Wall Street Journal, with a little bit of help from federal regulators, managed to torpedo hopes earlier today that the United States was approaching an end to a banking crisis brought on by the housing bust. Michael Corkery, Jonathan Karp, and Damian Paletta wrote: Until now, most of the damage to banks from the ...
By: Boom2Bust.com
Contrary currencies in gold market
2008-06-07 03:42:00 The domestic and global gold markets have showed contrary currencies. While the global gold price declines thanks to some positive information on US economy reported by Federal Reserve Department (FED), that of Viet Nam is in the upward trend. On the Saigon gold trading floor, the gold price on June 4 closed at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tough phase for the Indian Economy
2008-06-07 00:00:00 Market melts down totally on the back of rising inflation, global food crisis and boiling crude oil prices. India is suffering from a lot of factors such as increasing fiscal deficit due to tons of subsidies, political pressure on the home ground, inflationary pressure to name a few. Selling on part of the FIIs and bearish sentiment of the investors have kept the market in pressure as selling has been witnessed from the last couple of weeks. Nifty 50 had broken the psychology level of 4800 and even 4600 and it is likely to break even 4200 mark. Now the question is where will we stop? Lots of analysts are advising in the front of value buying or bottom fishing. Blue chip shares are available at a price of nothing. It is the high time to invest for the long term view. Still we can see the shortage of investors on the bourses. The sentiment is so bearish that everyone might be thinking that market will move more in the southward direction. Oil marketing companies are losing Rs. 620 cro...
The Grand Illusion on Gas Prices
2008-06-06 22:39:00 Ok… So the author of this piece uses a little rhetoric to make his point. Our only issue of disagreement is that we believe there’s also a Peak Oil problem. In other words, the Federal Reserve Note “dollar” is dropping rapidly — true enough. But Boone Pickens is correct — supply is a ...SHARETHIS.addEntry({ title: "The Grand Illusion on Gas Prices", url: "http://www.ernharth.com/vi/200-8/06/06/the-grand-illusion-on-g-as-prices/" });
This is what he should do !!??
2008-06-06 21:40:00 digg_url = "http://egyptianchronicles.blog-spot.com/2008/06/this-is-what-h-e-should-do.html";digg_title = "This is what he should do !!??";digg_bgcolor = "#F8EFD5";digg_skin = "normal";digg_url = undefined;digg_title = undefined;digg_bgcolor = undefined;digg_skin = undefined;Our family do not buy Weekly Akhabr Al Youm since Mr. Momtaz Al-Kot , its chief in editor crossed all the lines in kissing the regime ass , after being loyal to Akhabr Al Youm publications for more than half a century for professional and emotional reasons , we could not take it anymore with the rubbish Mr. Momtaz writes every week to book the CEO place of the Akhabr Al Youm publishing house, even daily Al Akhabr we found ourselves living without it after boycotting it for a week and thus we do not buy it anymore even for Ahmed Rageb and Mustafa Hussein.Al Akhabr and Akhabr Al Youm are turned officially in an Egyptian Parvda , well it was like that since its nationalization I am afraid but we just do not remember....
Unemployment rate not a good sign for economy
2008-06-06 17:00:00 It is unsettling to hear that in May alone, nervous employers cut 49,000 jobs. The unemployment rate soared from 5% in April to 5.5% in May, which is the biggest one month jump in the rate since February 1986.
Unemployment rate not a good sign for economy
2008-06-06 17:00:00 It is unsettling to hear that in May alone, nervous employers cut 49,000 jobs. The unemployment rate soared from 5% in April to 5.5% in May, which is the biggest one month jump in the rate since February 1986.
Venice Surf Report 06/06/08 The Economy Has Still Got It
2008-06-06 16:05:00 Decided to check Bay St. again this morning as it was kinda cool when I saw it yesterday and it brought back a little nostalgia from when I started at Swellmagnet all those years ago.Plus, the tide is a -1.5 ft at 6:30 am, so I knew that Venice would be pretty much worthless.And guess what? So was Bay St. There is some pretty decent windswell in the chest / head high range, but there just isn't enough water to get anything going other than 3 block long, super dumpy closeouts, with nary a snaggable corner to be had. I say give it a chance to fill in, say around 10:30 or so. The winds should still be manageable, you'll be getting a decent push up from the tides and the dawn patrol should be long gone. Of course, this is assuming you don't have a job and can make your own schedule. Either way, I'm stuck here at my desk hoping my ankle feels better by tomorrow so I can get out there.About 5-6 dudes out scattered around Towers 18-20, calm/variable winds, beautiful day shaping up, bri...
Viet Nam will surely overcome difficulties: Deputy PM
2008-06-06 13:05:00 Inflation, reducing public spending and public investment are burning issues at the midterm Consultative Group Meeting (CG) in Sapa, Lao Cai province today. Minister of Planning and Investment Vo Hong Phuc said Vietnam?s GDP growth rate in the first quarter of 2008 was 7.4%, which is still considered ?high?, but is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Heat taken out of dollar trades
2008-06-06 12:32:00 Greenback speculation on the black market has cooled following the State Bank?s strong messages to the public and large-scale selling to local commercial banks. Early last week, the public?s demand for the greenback went up dramatically, pushing the exchange rate on the black to record levels over the last few years.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
SBV considering reigning in banks? loaning fees
2008-06-06 11:53:00 The State Bank of Vietnam is considering prohibiting banks from collecting loaning fees from clients, or limiting the fees. And this is not good news for commercial banks. Currently, commercial banks? lending interest rates must not be higher than 18% (the basic interest rate announced by the State Bank for June is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Dong May Decline 10 Percent by Year-End, Calyon Says
2008-06-06 09:09:00 Viet Nam's dong may fall 10% by year-end as the government seeks a gradual depreciation to avoid a ``currency crisis'' and a sudden devaluation, according to Calyon, the investment banking arm of Credit Agricole SA. Accelerating inflation, a widening trade deficit and a near 60% slide in local stocks this year have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Building BRICs of growth
2008-06-06 06:41:00 Record spending on infrastructure will help to sustain rapid growth in emerging economies THE biggest investment boom in history is under way. Over half of the world’s infrastructure investment is now taking place in emerging economies, where sales of excavators have risen more than fivefold since 2000. In total, emerging economies are likely to spend an ...
By: 1913 Intel
Fooey: The Economy Sucks Sale
2008-06-06 06:27:00 We like Fooey a lot. Even more so now that we know they are big Pixies fans. Thought we’d let you know that they are having a big ol’ sale right now and you pretty much don’t want to miss it. I just picked up two adorable little dirt cheap sundresses for my tot. ...
By: MumsTheWurd!
India Strategy, ONGC, Wipro, HPCL, BPCL, IOC, India Economy, Finance, Autom
2008-06-06 06:02:00 India Strategy, ONGC, Wipro, HPCL, BPCL, IOC, India Economy, Finance, Automobiles, Industrials2 Vote(s)
By: Market Buzz
Some Future Plans
2008-06-06 05:43:00 The hubby and I have been wondering what we could do to fight back all the economic threats mankind is getting the world over. With crises popping up one after the other (oil, food, et. al.), we know we should be vigilant in a way that we do not have all these things stare ... |
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