In an effort to cut its holdings of the U.S. dollar, Iran has asked Japanese refiners to begin using the yen to pay for imported crude oil.
Archives for July 2007
July 2007 - Page 4 of 6 - Money Morning - Only the News You Can Profit From
Sen. Dirksen: Allow Me to Introduce You to Standard & Poor's
there are some problems within the U.S. economy and its accompanying financial system that are serious enough to merit ongoing vigilance – and that may require some of us to adjust our portfolios or our investment strategies.
When Too Much Good News is Possibly a Bad Thing
Yesterday's "global" rally wasn't all that it seems.
China Revises 2006 Economic Growth Figures; Fastest Since 1994
China yesterday revised its 2006 gross domestic product growth to 11.1% from 10.7%, the fastest yearly growth the country has seen since 1994.
A Rise In Mortgage Applications Defies Higher Interest Rates; Subprime Woes Deepen
Though prognostications about the overall health of the U.S. housing market remain bleak, and interest rates have hit their highest level in nearly a year, the number of new mortgage applications unexpectedly grew last week
China's Record Trade Surplus Again Inflames U.S. Criticism
By Jason Simpkins By announcing a record-setting global trade surplus of $26.9 billion for June, China has re-ignited allegations that it’s engaging in unfair trade practices. The positive trade balance for June represented an 85% increase over the same month a year ago, China’s General Administration of Customs announced in a statement that was posted […]
Inflation Still The Fed's Main Concern
Despite an abysmal housing market and a timid stock market, inflation remains the chief concern of Federal Reserve Chairman Ben S. Bernanke.
Battle For Commodity Footholds Continues With Alcan Buyout
Alcoa Inc and Rio Tinto PLC may be looking to lock horns over one of the world's leading suppliers of bauxite, alumina, and aluminum, in Alcan Inc.
Shareholders OK $11.9 Billion CBOT Deal
Shareholders for the Chicago Board of Trade approved plans for CBOT to join forces with longtime rival, the Chicago Mercantile Exchange, in an $11.9 billion merger. The deal ends CBOT's 159 years of independence, but that creates the world's largest exchange.
A Special Investment Report: With Crude Oil Prices Still At the Base of a Five-Year Climb, Turn Pain Into Profit
The soaring prices of crude oil and gasoline are just part of a broad-based worldwide boom in commodities that is being driven by the full-fledged economic emergence of China, India and some other key global markets.