If you are new to the Market Reform Movement and the underlying issues of market manipulation and naked short sellingEntered By: Ernest Hancock
Leaders at a summit of eight developing Islamic nations say the rising costs of food and oil could have dire implications.
UK stocks sank to their lowest since 2005 as crude oil prices hit fresh highs, sending the FTSE into the jaws of a bear market - which is defined by shares falling by more than 20pc from their recent peak.
One of the best-loved buildings on the New York skyline has been sold to the investment arm of the Abu Dhabi government for an estimated $800m (£400m).
Fresh credit fears swept global financial markets on Tuesday, pushing world stocks to their lowest levels since October 2006 as concerns intensified that the financial sector would have to raise more capital.
The U.K. Economy is joining the U.S. economy, in reverse. And there is indeed nothing either the Fed or the Bank of England can do about it.
The global financial crisis could lead to losses of $1,600 billion dollars for financial institutes. The hedge fund expressed doubts financial institutes would be able to drum up funds to cover the losses, something that could exacerbate the crisis.
The position of American households is so fragile that major institutions might fail. Washington Mutual, America's largest thrift institution, is now trading at a tenth of its 2007 stock price. It is not clear whether any other institution is wil
... Tulips Pale in Comparison If you are one of the hundreds of thousands of Europeans who own speculative real estate, you tread the crumbling edge of a huge cliff."
...the head of China's central bank said the United States used to be a model for how to manage an economy, but was of interest now because of mistakes it made that caused the subprime mortgage crisis.
And if an attack on the oil facilities of a country with some of the world's largest reserves leads to a huge spike in oil prices, sends gas prices up to 10 bucks a gallon and brings economic ruin in the rest of the world, well, so be it:
The Dow is down 464.66, or 3.78 percent. - The S&P is down 42.10, or 3.10 percent. - The Nasdaq is down 48.41, or 1.97 percent.
He was crystal clear over a year ago that gasoline was headed straight to $4.00 a gallon and he says he knows why. Williams became an oil industry insider by virtue of his success at mediating labor disputes in the Alaska oil fields.
Such October surprise by Israel would also certainly lead to the election of McCain and defeat of Obama as a national security crisis of such an extent would doom the chances of Democrats to win the White House.
Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concesion to nationalization as Saddam Hussein rose to power. Exxon Mobil,Shell,Total and BP
"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.
Gazprom, the Russian group that supplies a quarter of Europe's natural gas, expects the price of crude oil to almost double within 18 months and to take gas prices higher with it. "We think it will reach $250 a barrel in the foreseeable futu
[save themselves is another matter] The European Central Bank is opting for a monetary purge. So too is the US Federal Reserve, now ruled from Dallas. Both are embarked on policies that must lead to retrenchment across the Atlantic world.
Argentina, one of the world's biggest breadbaskets, should be rolling in cash as world food prices soar. Instead, soy, wheat and corn have sat for weeks in silos as farmers protesting new export taxes suspended sales.
Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell sharply against the euro.
Oil prices leapt higher on Thursday in a surge that took traders by surprise as the dollar tumbled against the euro and the rally drew in fresh investor cash following this week's sharp losses. New York's main oil futures contract, light swee
MEXICO CITY — A sizzling stock market. A strengthening peso. Good economic growth. Someone forgot to tell Mexico that the United States has been flirting with recession.
"This is the tip of the iceberg: everybody is going to line up for Chapter 9 in California," said John Moorlach, Orange County board chief.
Does the dollar remain in danger? Could "the rope slip" and the world's pivotal currency still go into freefall? That would plunge America beyond recession and into depression - as inflation ballooned amid soaring import costs, forcing
Current policy fails to address the inherent conflict between the desire to prevent inflation in an overheating economy and the wish to keep an artificially low, semi-fixed exchange rate. The conflict cannot be removed without either a painful and un
"Loose monetary policy in the US will increase domestic liquidity in Asian economies whose currencies are closely aligned with the dollar. This will complicate monetary policy at a time when domestic inflationary pressures are already being stok
What with the collapse of the leveraged loan market, introduction of Basel II, increased pressure on balance sheets, the rising cost of capital and the increased cost of funding, difficulties with the accuracy of Libor is a problem the banks can do w
The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks. The Fed said it was boosting the amount of emergency reserves it supplies to U.S. banks
The Bank of England has warned that banks' fears of a financial meltdown may become a self-fulfilling prophecy. Banks previously over-willing to lend are now too reluctant, even with credit-worthy borrowers, it suggests.
Iranian President Mahmoud Ahmadinejad pushed to seal a $7.6 billion pipeline deal linking the world's second-largest gas reserves to growing South Asian economies, despite opposition from the United States. Ahmadinejad met Prime Minister Manmohan