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Aug 7, 2011

LATEST World News, Aug 07, 2011


The world's lost its banker - and we'll pay
Daily Mail
The bedrock of the global credit market - Washington's prized IOUs - has been shattered with nothing to take its place. That means the world's stock of top-quality security against which loans can be raised has been drastically shrunk. ...
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Daily Mail
The big questions about the global financial crisis
Telegraph.co.uk
By Emma Rowley, Economics Correspondent It has lost its top-notch credit rating. Standard and Poor's, one of the world's top three credit rating agencies, has got more gloomy about the US government's ability to pay it creditors back. ...
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Telegraph.co.uk
Global Poll Uncovers Psychic Shift on Immigration
Human Events
So future policy ought to focus on importing top talent and limiting low-level immigration—which is also a recipe for competitive success in the global economy. It would be a good place to start. Rachel Marsden is an international political and ...
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Forgotten man Dix ready to rock Bolt's world in Daegu
Los Angeles Times
LONDON (Reuters) - Walter Dix said Olympic and world champion Usain Bolt could "definitely be beaten" at the global championships in South Korea after easing to victory in the 200 meters on the second day of the London Diamond League meeting Saturday. ...
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Kingdom maintains key role in global energy balance
Arab News
When energy supply is threatened, today as in 1980, the world turns to Saudi Arabia for help. Early in the 80s, two major events hit the energy world. The revolution in Tehran altered the regional geopolitical realities of the day and this was soon ...
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Australia will weather global crisis: govt
Sydney Morning Herald
Ms Gillard said Australia was not immune to global events but Australians should have confidence that economic credentials were among the best in the world. "We should also have confidence of the strong fundamentals of our economy. We have low debt, ...
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Is this the start of the next financial crash?
The Independent
History repeats itself four years on, as the global markets go into meltdown. Julian Knight reports Maybe it's something to do with its being August, with much of the world's top brass away, but it's becoming a month notorious for market turmoil. ...
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WA oil jobs top the world
Perth Now
ORE-SOME: WA mining jobs offer the fattest pay packets in the world. Source: The Daily Telegraph WA'S booming oil and gas sector is dishing out the world's fattest pay packets, with industry insiders agreeing salaries will keep growing. Global ...
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Losses seen on S&P action, but panic unlikely
Reuters
Strong economic growth in China -- the world's top copper consumer, No. 2 oil user and majorbuyer of grains -- as well as tight global supplies for some raw materials including coal and iron ore, will also support commodity prices. ...
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World markets plummet while George Osborne holidays
Mirror.co.uk
Instead of absurdly claiming Britain is a safe haven, we need leadership from David Cameron and George Osborne on these global issues and a proper plan for growth. The problem in Britain is George Osborne's plan is not working. ...
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Mirror.co.uk
Flaherty warns global troubles could affect Canada
CBC.ca
"Our budgetary position is among the strongest in the world," he said. Credit rating agency Standard & Poor's on Friday downgraded the US debt rating from triple-A to AA-plus for the first time since the country won the top ranking in 1917. ...
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CBC.ca
UAE Wins 24 of the Stevie's 2011 International Business Awards
WAM - Emirates News Agency
The United Arab Emirates has won 24 of the Stevie's 2011 IBAs, coming in 3rd place among the list of global winners. The achievement underlines the country's competitive and unique business climate, which has made it one of the world's top three ...
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Welcome to Mongolia: What the S&P Downgrade Means for Emerging Markets
Justmeans
[9] "The crisis enveloping the developed world may force global money managers to take a hard re-look at the emerging markets, where both stocks and bonds appear to be far better bets," said Aarati Krishnan, head of the Business Line Research Bureau ...
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The Global Villager: Bamanga Turkur A Literary
Nigeria Daily Independent
Former Vice President of the Association of Nigerian Authors (ANA) and Editor of defunct Daily Express, Edward Kolawole Aderinokun, is the author of the latest biography in the country's literary shelves entitled The Global Villager: Bamanga Tukur. ...
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Bernanke's economic symposium will be critical
Milwaukee Journal Sentinel
One year ago, with the world's financial woes piling one on top of another, Federal Reserve Chairman Ben Bernanke used the Fed's annual symposium of global central bankers to ride shotgun on the US economy. With the stark beauty of Jackson Hole as a ...
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Zim enters diamond big league
Times LIVE
The rankings show that Botswana is the world's top gem producer with $2.5-billion, followed by Russia, which produced diamonds worth $2.38-billion, and Canada, with diamonds valued at $2.3-billion. South Africa comes in at fourth position after its ...
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Sensex tumbles by 891 points to 14-month low on global worries
Hindustan Times
Worries over global economies going into the slow mode added to investor woes the world over. Asian stocks tumbled after a meltdown on Wall Street, triggered by concerns that the US economy might slip into recession. All the 13 sectoral indices ...
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Wildcard Filipe Toledo and Lakey Peterson Win Nike US Open of Surfing Pro Junior
Global Surf News
Peterson, wildcard into the Nike US Open of Surfing ASP Women's World Title event, continued her tear against the ASP Top 17 as well when she ousted Laura Enever (AUS), 19, in their Quarterfinals bout and will face top seed Carissa Moore (Honolulu, ...
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Howell: Cotton futures advance as outside markets take big hit
LubbockOnline.com
Cotton futures advanced last week even as global equities and most commodities plummeted amid growing fears about a slowing world economy. Benchmark December gained 235 points or 2.3 percent for the week ended Thursday to close at 104.92 cents, ...
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Casting Roundup: 'Snow White', 'Bourne Legacy', 'World War Z'
Screen Rant
Concerns about the plans for World War Z to be a PG-13 rated zombie pic aside, the project looks and sounds appealing so far. It appears that Forster is designing the film as more of a realistic drama about what the aftermath of a global pandemic could ...
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Screen Rant
Apple top smartphone seller, Samsung gaining
Reuters
Here's what IDC found as the keys to Samsung's rise in the last year: Samsung realized the largest year-over-year growth of any vendor among the top five, and key to its continued success was theglobal popularity of its flagship Galaxy S smartphones. ...
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The World Wide Web, Not The Internet, Turns 20 Today
PC Magazine
That's the World Wide Web. The first use of the word Internet came some fifteen years and change prior to the launch of the first actual Web page, and it was coined in December of 1974 as a way to describe a global system of computers connected via the ...
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Job worries surge as debt-limit issue recedes
WXVT
That's a dramatic about face, since just a few days ago, global investors were worried that a US default on its debt would end the longstanding status of Treasurys as the world's safest-haven investments. "Investors have voted and are saying the US is ...
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Saudi Stocks slumps on uncertainly in global Markets due to US rating downgrade
Ahram Online
Sectors directly connected to global industries and markets witnessed very sharp declines. Petrochemicals sectors, the second largest in the exchange, slumped by 446 points (6.66 per cent) on fears of declines of global demand as the world economy ...
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Messengers of Peace
Arab News
From there he went to the United Nations in New York in 2009 seeking international recognition for the message. Today the whole world has recognized the importance of King Abdullah's vision, which has won top position in global dialogue initiatives. ...
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Stock markets slide
DAWN.com
As global economic sentiment sours, it would be naïve to assume that Pakistan will remain immune. At the top of the dialog box, select the GENERAL tab. In the HOME PAGE text box, type http://www.dawn.com, then click OK. Select the Chrome wrench icon ...
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EA Sports unveils global stars for FIFA Soccer 12
Business Intelligence Middle East (press release)
EA SPORTS is one of the leading sports entertainment brands in the world, with top-selling videogame franchises, award-winning interactive technology, global videogame competitions and breakthrough digital experiences. EA SPORTS delivers personal ...
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Business Intelligence Middle East (press release)
We can't rely on oil prices or QE to save us from this mess
Telegraph.co.uk
'I want the people of America and our partners around the world to know this. Things will get better. And we will get there together.” So said US President Barack Obama, at the end of a truly frightening week on global markets. ...
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Telegraph.co.uk
Guest opinon: Southwest Florida needs faster, wider Internet connection
The News-Press
Frustrated about jobs being outsourced to other countries? Countries like India and China have leveraged their high speed broadband to advance to first-world status. Broadband leadership is critical to our global competitiveness as a country. ...
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America's Boxing Best: Who Can Follow Mayweather and Hopkins?
Bad Left Hook
I also think that American boxing fans, like the American public in general, is struggling to come to grips with a new world, a global perspective on just about everything (except possibly scientific research, which has always been international). ...
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Asia Central Banks Set to 'Stick It Out' With U.S. Treasuries
Bloomberg
It's only one element.” Treasuries have benefited from a global sell-off in stocks, with yields on three-month Treasury bills dipping into negative territory this month. The MSCI World Index fell to the weakest level since November. ...
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G7 finance ministers to meet on US rating downgrade
Business Standard
While the impact of the rating cut on financial markets when they reopen on Monday may be modest because the decision was expected, the shift may have a major long-term impact for the US standing in the world, the dollar's status, and the global ...
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Business Standard
Saudi Arabia to build world's biggest tower
Sunday Times.lk
The tower will be 170 metres taller than the current tallest building, the Burj Khalifa in Dubai It will stand nearly twice the height of New York's Freedom Tower, currently under construction at the site of the World Trade Center The One World Trade ...
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Sunday Times.lk
Euro-Area Central Banks to Hold Crisis Call
Bloomberg
“But this is a unique case with the world's major reserve currency.” S&P lowered the US one level to AA+ while keeping the outlook at “negative.” The rating may be cut to AA within two years if spending reductions are lower than agreed, interest rates ...
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US loses AAA rating, China calls for new stable global reserve ...
By fraaz
News Comments (1113610http%3A%2F%2Fwww.pakistantoday.com.pk%2F2011%2F08%2Fus-loses-aaa-rating-china-calls-for-new-stable-global-reserve-currency%2FUS+loses+AAA+rating%2C+China+calls+for+new+stable+global+reserve+currency2011-08-06+21%3A33% ... While the impact of the rating cut on financial markets when they reopen on Monday may be modest because the decision was expected, the shift may have a major long-term impact for the U.S. standing in the world, the dollar's status, ...
Pakistan Today | Latest news,...
S&P's Downgrade: Global Markets Scold US, Christian News
Banks and commodity stocks fell sharply on Friday as Britain's top share index extended losses into a sixth straight trading day, roiled by a global debt crisis and unmoved by U.S. jobs data easing fears of another economic recession. ... For Asian governments, the downgrade is bad news especially for China, which is the largest holder of U.S. debt. "The spluttering world economic recovery would be very likely to be undermined and fresh rounds of financial turmoil could ...
Christianpost.com > Homepage
Weak global sentiments will not impact growth: FM - India News ...
Finance Minister Pranab Mukherjee on Saturday asserted that India's growth story is intact and the country would achieve appreciable economic expansion despite negative sentiments across the world.... Mukherjee, however, expressed concern over high inflation and said, "Our major challenge in the short-term is inflation, which has implications of sustaining our growth momentum." (Follow IBNLive.com on Facebook and on Twitter for updates that you can share with your ...
IBN Top Headlines
As allies rally behind U.S., China says 'good old ... - World News
By admin
“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,” China's official Xinhua newsagency said in a commentary. ... The source said the credit rating downgrade had added a globaldimension on top of the euro zone debt issue, raising the need for international coordination. “The G7 will confer by telephone. It's not yet confirmed whether it will be in one ...
World News: the latest local...
Positive news fails to lift markets - Today's Top News - China ...
By 7651
Positive news fails to lift markets. Editor:AT0086.com | Resource:chinadaily.com.cn. A trader looks on as he works on the floor of the New York Stock Exchange on Friday. World stocks dipped again on Friday despite US data showing ... BEIJING - With stock markets around the world stumbling, China's foreign minister said closer international cooperation is needed for the world's economy to stabilize. "The global economy is slowly recovering, but the situation is still ...
Service guide in China - Resources...
S&P $2 trillion error does not call off US downgrade — RT
By RT
US debt has been the true north for in the global financial system, offering the certainty of US debt being the safest, most certain investment there is. Markets around the world will open up on Monday morning no longer certain of that. US debt crisis ... The US has lost its top-level triple-A credit rating for the first time since 1917, after Standard & Poor's downgraded it to an AA-plus, with an even lower AA rating on the horizon. US debt crisis ...
News RSS : Today
Warren Buffett: U.S. downgrade will not affect the global markets ...
By Russian Opinion
"I do not accept it - said the 80-year-old patriarch of American business today, speaking on air newschannel Fox Business. - In Omaha, the U.S. still has. ... While recognizing that the assets Berkshire Hathaway contains a large number of U.S. Treasury bonds, Buffett has a fortune of 50 billion dollars and included the top three richest people in the world by the magazine Forbes, said he did not intend to get rid of them, ITAR-TASS. See the exchange rates ...
World News - Russian opinion
India expected to be among top three economies in next two decades ...
By Geeta
Hamara News covers Politics, Sports, Technology, Education, Science, Energy, Religion, Arts, Culture, Literature, Travel, Tourism Brings news from all across the continents – covers Politics, Sports, Technology, Education, Science, Energy, Religion, ... Addressing the National Conference of Confederation of Indian Industry (CII) here, Mukherjee said: "The global economy has just witnessed one of its worst crises in recent history and is still suffering from its aftermath. ...
Hamara News covers Politics, Sports ...
Reuters: Top News — Clearing and Settlement
By admin
NEW YORK (Reuters) – The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a polit … Worldleaders confer on debt crises this weekend. PARIS/WASHINGTON (Reuters) – Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial market … ...
Clearing and Settlement — Clearing...
Job worries surge as debt-limit issue recedes - Politics ...
The news that credit rating agency Standard & Poor's downgraded the nation's credit rating a notch for the first time ever only added to the tension. The darkening clouds come in what should have been a good week for President Barack Obama. ... That's a dramatic about face, since just a few days ago,global investors were worried that a U.S. default on its debt would end the longstanding status of Treasurys as the world's safest-haven investments. ...
Politics & Government
United States Flayed Over Losing Credit Ratings By China
By Martin
Though the U.S was able avert a debt default, investors were still concerned regarding its credit ratings and rightly so, as the largest economy of the world has lost its top grade AAA ratings. ... The fastest growing economy of the world, China said that Washington just had its own self to blame and also demanded for a new stationary global reserve currency. Xinhua news agency, China's official, in a commentary said that the good days for United States are gone when it ...
Gev.com - Latest Technology,...
US credit rating cut to AA+ - MAARS News
By Valkyries
MAARS News Global - The Hot Breaking News, Sport, Financial, Entertainment, Politics and everything on the headlines. Top Global Headlines! ... “S&P's announcement comes amid heightened volatility over the past week in international financial markets driven by continuing concerns about the weakness of the US economic recovery and sovereign debt levels in Europe.” Mr Swan said Australia was not immune from events in the rest of the world but the Australian economy's ...
MAARS News
US downgrade raises anxiety, if not interest rates - Markets news
The agency is "striking at the heart of what makes the global economy tick," says Chris Rupkey, chief financial economists for the Bank of Tokyo-Mitsubishi UFJ. "It isn't just dollars and cents." One economist, Paul Dales of Capital Economics, ... Rupkey calls Treasurys the "strongest, deepest, most liquid" market in the world. "Anytime there's a problem anywhere on the planet, investors come to the safety of the U.S., and they don't go anywhere else," says Mark Zandi, ...
Mail.com: Breaking News
* China tells U.S. “good old days” of borrowing ... - Iraqi Dinar News
By Fred Wilson
messes of its own making are finally gone,” China's official Xinhua news agency said in a commentary. After a week which saw $ 2.5 trillion wiped off global markets, the move deepened investors' concerns of an impending recession ... by telephone later on Saturday or on Sunday, a senior European diplomatic source said. The source said the credit rating downgrade had added a global dimension ontop of the euro zone debt issue, raising the need for international ...
Iraqi Dinar News
29000 children dead from famine in Somalia | wtsp.com
2011 10 News Hurricane Guide. Our 2011 Hurricane Guide is now available for download. ... Professor Himmelgreen is watching, along with the world, the latest developments in Somalia. The U.S. believes the drought and famine have killed more than 29000 children under the age of five in the last 90 days. Himmelgreen says, "The emotional psychological toll of the death .... Mobile Apps. Download apps for your mobile phone for the latest news and weather from WTSP.com 10 News ...
WTSP.com 10 News Top Stories
Cheat Sheet - The Daily Beast
For the first time in 70 years, the United States lost its top-notch credit ... All signs point to a “sick economy getting sicker,” and at the current rate of job ... "The somewhat stabilizing news out of Europe is allowing us to bounce from ... bribes from the News of the World in the phone-hacking investigation. ...
www.thedailybeast.com/cheat-sheets/2011/.../cheat-sheet.html

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