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| | | Slowing world growth, a collapsing US dollar and a still very nervous global credit market won't slow down world capital flows but rather increase them, said McKinsey in its latest newsletter. "Amid the turmoil, it's easy to forget that long-term structural ... |
| | | | High oil prices and a shrinking US dollar signal an economic perfect storm looming on the horizon, warns the International Monetary Fund (IMF). Simon Johnson, IMF chief economist told ABC TV's Business Lateline program last night that the credit crisis ... |
| | | | India's dramatic transformation into the modern economy is even more remarkable given its socialist past and the fact it was almost bankrupt just five years ago. "We used to have great faith in socialism especially when Indira Gandhi was Prime Minister. ... |
| | | | When rappers and supermodels choose Euros over the greenback, what does that say about the direction of the US economy? The world's richest model, Gisele BA1/4ndchen is apparently insisting that she be paid in almost any currency but the U.S. dollar ... |
| | | | Institutional players are dropping their allocations to Australian property to as little as 11 per cent as they chase more and more international property, according to Ambassador Funds Management partner Richard Darke. Darke said some institutional ... |
| | | | While the sub-prime mortgage monster continues gnawing away at financial stocks, oil is boiling towards $100 a barrel and China is snatching wads of its foreign cash reserves away from the green back. The US financial sector is still suffering a sub-prime-mauling ... |
| | | | The Australian stock market had hit new highs at noon, boosted by the US Federal Reserve interest rate cut overnight and stronger metals and oil prices. The benchmark S&P/ASX200 index hit a new record intraday high of 6830 in morning trade - eclipsing ... |
| | | | Fill up now, and expect to pour more cash into the tank next time, as new supply problems and increasing tensions in the Middle East have the price of oil flirting with US$94 a barrel for the first time ever. It's official; the price of oil has climbed ... |
| | | | Offshore markets rolled over and played dead again overnight, scared silly by another petrol price spike, while the Aussie dollar continued to run on ahead. The Australian dollar rose to a fresh 23-year high of 0.9090, after opening in London at 0.9030 ... |
| | | | The Australian stock market is expected to open higher after a positive lead from Wall Street and a large fall in the previous session. On the Sydney Futures Exchange, the December Share Price Index was up 47 points to 6660. Today, Woolworths Ltd releases ... |
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