American
Economy on Life Support! (by
David Mayer)
The economy of the United States of America
was once the strongest in the world. What happened?
Posted 3/2/07
Asian
stocks tumble as yen surges
Posted
3/7/07
Birth
of the Euro
Cashless
economic system
(by David Bay)
Europe is predicted to be totally on a cashless economic system in just
five years!
Posted
3/19/07
Cashless
society
Breakthrough mobile phone money transfer service wows Kenyans
Posted 4/4/07
Cashless
society by 2012, says Visa chief
Paying for goods with notes and coins could be consigned to history
within five years, according to the chief executive of Visa Europe.
Peter Ayliffe said that, by 2012, using credit and debit cards
should be cheaper and more convenient than cash.
Posted 3/16/07
Continental
currency all the rage
On Monday,
Bank of Canada Gov. David Dodge told the Chicago Council on Global
Affairs that North America could one day move toward a euro-style
currency.
Posted
5/25/07
Dollar
falls against yen, euro in Asia
The dollar
dipped against the euro in Asia Monday to its lowest level in almost two
months, and it also fell against the yen as market sentiments turned
sour toward the dollar.
Posted
2/28/07
The
dollar melts as Iraq burns
The demise of the dollar has clear links to the Iraq war and the world's
loss of confidence in America's elites.
Posted 12/5/06
Dubai
to invest in trade zones worldwide
Economic Zones World (EZW), a new commercial entity
created under government-owned holding company Dubai World, already has
several projects under discussion in Pakistan, India, Oman, South Korea and
Morocco.
Posted
1/24/07
EU
and US on verge of agreement ahead of world trade talks: report
European and American trade negotiators are on the
verge of an agreement that could restart global trade talks, the Financial
Times has reported.
Posted
1/23/07
EU
Blesses Wolfowitz as Next World Bank Chief
Posted
3/31/05
EU
calls on World Bank to quickly replace Wolfowitz
The European
Commission on Friday called on the World Bank to name a successor to its
president Paul Wolfowitz as soon as possible, saying "stable and
strong political leadership at its top is important."
Posted
5/25/07
Euro
displaces US dollar
Posted
1/17/07
Euro
soars against US dollar
Posted
11/27/06
Euro
strikes two-year high at 1.3435 dollars
The European
single currency surged past 1.34 dollars on Thursday to strike the highest
level since March 14, 2005.
Posted 4/6/07
Euro
Up Against Dollar; Central Banks Hint at Switch
Posted 4/6/06
Euro's
rise raises 'catastrophic' fears
Posted 12/27/04
Euronext,
NYSE still seek German, Italian deal
Euronext and the NYSE Group (NYX.N: Quote, Profile,
Research) said on Sunday they were still willing to open discussions with
German operator Deutsche Boerse (DB1Gn.DE: Quote, Profile, Research) and
Italy's Borsa Italiana over a possible four-way merger.
Posted
10/17/06
Europe
tops US in stock market value
Europe
has eclipsed the US in stock market value for the first time since
the first world war in another sign of the slipping of the global
dominance of American capital markets.
Posted 4/3/07
Global
Agenda: Kuwait can't wait
Last
Friday, Kuwait announced that it was abandoning the "peg"
linking the value of its currency, the dinar, to the US dollar,
replacing it with a peg to a basket of currencies. Kuwait was the
first country in the Middle East to make such a move, but it is
unlikely to be the last.
Posted 5/28/07
Globalisation
shakes the world
Posted
1/23/07
Gold
gains on weak dollar, Iran worry
Posted 5/3/06
Goodbye
U.S. dollar, hello global currency
The director of international economics at the Council on Foreign Relations
has launched a scathing attack on sovereignty and national currencies.
Posted 5/10/07
Huge
U.S. economic losses forecast in flu pandemic
Posted
3/26/07
IMF
Identifies Risk of `Disorderly' U.S. Dollar Drop (Update1)
A "disorderly" drop in the dollar is
the biggest risk to world financial markets, the International
Monetary Fund said, urging policy makers to prepare and act quickly
when asset prices slump.
Posted 9/15/06
Iran
seeks euro-denominated oil market
Posted 5/9/06
Iran
War 'Could Triple Oil Price'
World oil prices could triple if the West's
stand-off over Iran's nuclear programme escalates into conflict, the
Saudi Arabian government has warned.
Posted
6/22/06
London
stock trader urges move to 'amero'
Says many unaware of plan to replace
dollar with N. American currency
Posted
11/28/06
Many Europeans Still Troubled by
Euro
Posted
1/17/05
Market
meltdown threatens stability of UK debt mountain
Mervyn King, governor of the Bank of England,
warned that the road ahead for the stock market might be bumpy. His
warning will have worried many consumers, particularly those sitting on
big mortgage and credit card debts.
Posted
6/20/06
Markets
rocked by sharp slide in dollar
A sharpening slide in the US dollar unnerved global
markets on Friday as investors sought to protect themselves from the
possibility of sustained dollar weakness.
Posted
11/27/06
The
New Global Currency - CFR chief: Monetary nationalism, sovereignty should be
abandoned
Benn Steil, writing in the current issue of CFR's influential Foreign
Affairs magazine, says "the world needs to
abandon unwanted currencies,
replacing them with dollars, euros, and multinational currencies as yet
unborn."
Posted 5/11/07
NYSE
offers $10 billion for European exchange
The New York Stock Exchange offered 8 billion euros ($10.2 billion)
in cash and shares for Euronext today...
Posted 5/24/06
Oil
will soar to well over $100, stay high: Rogers rainfall.
"We're
going to have high oil prices for a very long time. The surprise is
going to be how high it goes," Rogers said.
Posted
7/7/06
The
Plan to Replace the Dollar With the 'Amero'
The idea to form the North American Union as
a super-NAFTA knitting together Canada, the United States and Mexico
into a super-regional political and economic entity...
Posted
5/25/06
Regional
currency to replace dollar in Argentina-Brazil trade
Argentina and
Brazil, South America's two largest economies, will drop the U.S. dollar
in favor of a regional currency in their bilateral trade starting in
October 2007, Argentine Economics Minister Felisa Miceli said.
Posted
5/25/07
Risk
To World Economy Rises From Climate And Disease
Posted
1/15/07
Schumer
Warns On No-Swipe Credit Cards
No-swipe credit cards that use radio waves to relay their data
put consumers at increased risk of identity theft, Sen. Charles
Schumer (news, bio, voting record) said Sunday.
Posted
12/6/06
Stalling
U.S. economy means euro is on the up
Posted
12/7/06
Threat
to New York as centre of finance
New York is facing a threat to its position as the
world's leading financial centre, according to a report commissioned by
Michael Bloomberg, the city's mayor, and New York Senator Chuck Schumer.
Posted
1/23/07
Trade
gaps haunt the global economy
Last week, the International Monetary Fund released its semiannual
Global Financial Stability Review, ahead of meetings this weekend in
Singapore. The report was full of warnings that the risk
of a global financial crash is increasing.
This comes hot on the heels of a message from HSBC, one of the
world's largest investment banks, that it has put
the United States on recession alert.
Posted 10/3/06
THE
UK moved a step closer to becoming a cashless society
Posted
9/5/07
US Dollar Crisis
Evokes Panic Among World Financial Elite
Posted 3/10/05
U.S.
dollar facing imminent collapse?
Posted
12/12/06
US
dollar 'will keep falling'
Posted
11/28/06
US
to forge future of European financial markets
After years of
jostling and failed talks between the British, French and German
markets, the deal-making ability of US operators NYSE and Nasdaq
looks set to create a trans-Atlantic, rather than pan-European,
trading area. The New York Stock Exchange Group said Thursday it
planned to acquire the European stock market Euronext for about 10
billion dollars (7.7 billion euros) in cash and stock, creating the
first trans-Atlantic securities market.
Posted 6/7/06
West
must prepare for Chinese, Indian dominance
Western nations must prepare for a future dominated by China and
India, whose rapid economic rise will soon fundamentally alter
the balance of power, former World Bank chief James Wolfensohn
has warned.
Posted 11/28/06
Wolfowitz
to head World Bank
Posted 3/18/05
World
economy 'facing slowdown'
Posted
9/10/07
World
Stocks bloodied as yen marches higher
Posted
3/5/07
