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Aug 8, 2011

LATEST World News, Aug 08, 2011


Top world economic leaders hold emergency talks
San Francisco Chronicle
Investors have been dumping Spanish and Italian bonds, driving their borrowing costs to record levels in recent days. The events have sparked fears that the world's seventh- and 12th-largest economies could be engulfed by the same kind of crisis that ...
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Asian stock markets sink after US credit downgrade
The Associated Press
... world economy is weakening. Oil prices extended recent sharp losses, trading below $84 a barrel on expectations that weaker global growth will crimp demand for crude. The dollar was lower against the yen and the euro. Among the major Asian markets, ...
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The Associated Press
How the US downgrade will change the global economy
TIME (blog)
For the last century, and especially since the end of World War II, the modern global economy as we know it was built on top of America, relying on its economic strength as a foundation, and using its currency as the primary tool of world economic ...
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The top 10 risks facing the mining sector - Mike Elliott, Ernst & Young
Mineweb
MIKE ELLIOTT: We compile it through interviews and discussions that we do of chief executives, chief operating officers and the like of the very large global mining houses around the world. So it's very much a global review of the current take of what ...
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Anxiety shakes global markets
Boston Globe
(Karly Domb Sadof/ Associated Press) By Megan Woolhouse Government leaders around the world scrambled yesterday to head off a spreading European debt crisis that, paired with last week's unprecedented downgrade of the US credit rating, ...
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Boston Globe
The Spirit of Rachel Corrie Mission to Gaza: Breaking the Illegal Siege
Center for Research on Globalization
The mission's ultimate goal was to "bring liberty in Gaza" and "prove to the world that Israel has no right to impose this illegal siege", Mahathir told the participants of the mission about to set sail on the SRC. In the light of the recent failed ...
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Center for Research on Globalization
G-7 Seeks to Avert Collapse in World Confidence
Bloomberg
Avoiding another “severe” recession may be “mission impossible,” Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC, wrote in the Financial Times. In Europe, the debt crisis has seen yields on Italy's 10- year government ...
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World economy, not US debt rating, is biggest drag on market
STLtoday.com
Oil prices extended recent sharp losses, trading below $85 a barrel on expectations that slowingglobal economic growth will crimp demand for crude. Japan's Nikkei 225 stock average was down 1.3 percent at 9178.30 and Seoul's Kospi dropped 1.6 percent ...
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Volatility could blow any recovery off course
Irish Times
IRELAND MAY not have a central role in the latest economic drama affecting the global stage but the international volatility could radically change the plot lines of the Irish economic recovery story. The biggest threat from the turmoil stemming from ...
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FTSE: as it happened August 5, 2011
Telegraph.co.uk
Friday's US jobs data could prove a make-or-break moment for global financial markets increasingly alarmed that the world's largest economy could skid into a fresh recession. At one stage, consumer products group Unilever was the only riser, ...
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Recession 2011: World leaders search for response to US-Euro debt crisis
Economic Times
The latest twists come just two weeks after a special summit sealed an agreement meant to tame the spreading crisis, which EU commission head Jose Manuel Barroso warned now threatenedmajor eurozone economies. Rushing back to Brussels, the EU's Rehn ...
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Toyota hopes for revival after sinking to No. 3 in global vehicle sales during ...
Washington Post
3 in global vehicle sales from pole position but is counting on emerging markets to drive a revival in its fortunes. Toyota sold 3.7 million vehicles around the world in the first half of 2011, down 11 percent from a year earlier, mainly because of ...
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Gillard government must chart new course on economic policy
The Australian
There is no question that the government and its economic top brass are right now contemplating how to respond if the rest of the world, and perhaps Australia, sinks into another recession. With the national economy in worse shape today than before the ...
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World Market Overview 8/8/2011
International Business Times AU
Against this backdrop, some European financial stocks that have been hammered in recentsessions managed to post gains Friday, along with cyclical stocks that have been hit by recession worries. Top gainers included French bank Natixis, ...
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Fiscal-year pension fund returns hearken back to the '80s
Pensions & Investments
30, 2010, the aggregate allocation of public defined benefit funds in the top 200 US retirement plans was 53.4% stocks (with 31.1% in domestic, 20% in international and 2.3% in global accounts); 26.7% fixed income (25% domestic and 1.7% ...
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Economy will 'withstand US fallout'
New Zealand Herald
The New Zealand sharemarket is the first in the world to open this morning after global markets last week suffered their worst falls since the global financial crisis three years ago. The latest selloffs were prompted by ratings agency Standard ...
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US rating downgrade: Jharkhand boy shakes the world
Times of India
No wonder the veteran of several testimonies in the US congress has been able to stand up to theglobal criticism from all quarters for their critical decision. Since Friday evening, Sharma, along with David Beers, his top lieutenant on the ratings ...
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Big dipper
The Sun
Fury ... an anti-cuts protester is hauled off by cops in Spain One of the world's threetop credit rating agencies, Standard & Poor's, cut the US from a gold-plated AAA to AA+. It blamed a lack of a coherent debt strategy and the political impasse as ...
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The Sun
* Somani Group forms coal JV with Russian OAO
Financial Times (blog)
By late morning in Hong Kong, the FTSE All-World Asia Pacific index excluding Japan was down 2.4 per cent, having lost 8.5 per cent last week in a global market rout. A new global financial crisis would hit Asia harder than the last one, ...
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China Poised to Replace US as Top Global Financial Powerhouse
Student Operated Press
The perception of the United States as the global powerhouse and world leader has been irreparably tarnished. The conduct of our government representatives and our politics has done damage that is beyond comprehension and it has opened the door to...
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Student Operated Press
Mideast markets tumble after US credit downgrade
News24
S&P's US cut could shake investor confidence in the world's largest economy and send tremors coursing through global markets. Traders worldwide are eagerly watching to see how far larger and more liquid markets in Asia and Europe react to the downgrade ...
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Nike US Open of Surfing
Global Surf News
Surfersvillage Global Surf News, 7 August, 2011 : - - Huntington Beach -- Reigning 10-Time ASPWorld Champion Kelly Slater (Cocoa Beach, FL), 39, has won the 2011 ASP PRIME Nike US Open of Surfing for the first time since 1996, defeating Yadin Nicol ...
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Asian Stocks, Oil Slide; Gold, Franc Advance
Bloomberg
By Shiyin Chen - Mon Aug 08 06:08:12 GMT 2011 Asian stocks dropped for a fifth day, extending the worst global slump since the bull market began in 2009. Photorapher: Tomohiro Ohsumi/Bloomberg Asian stocks dropped for a fifth day, extending the worst ...
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Gross Praises S&P's 'Spine' as Buffett, Miller Say Rating Company Erred
Bloomberg
Miller, who agreed with Buffett's assessment, said the US is the “most productive economy in theworld.” “There simply is no alternative to the dollar as the global reserve currency and as the instrument of global trade,” Miller wrote. Miller is best ...
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Mix-and-Match Countries
Wall Street Journal
By JANE HODGES In an increasingly global economy, international-stock mutual funds and ETFs are widely seen as an important part of a well-balanced portfolio. But do single-country exchange-traded funds, in particular, help investors get better ...
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Nervous Eyes Are Cast At Asian Markets
Wall Street Journal
Meanwhile, with the global economy showing signs of decelerating sharply, leaders from the large economies around the world are engaged this weekend in discussing how to prevent sovereign-debt problems from spiraling out of control. ...
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World leaders in huddle over US, Europe debt crisis - World News ...
The policymakers from across the world engaged themselves in emergency huddles on Sunday to discuss the twin-trouble of an unprecedented downgrade in the US' credit-worthiness and the debt crisis in Eurozone. ... The two issues have been the major reasons for the meltdown in globalmarkets last week, when more than $ 2.5 trillion was wiped off from investors' wealth, and the policy-makers were seen debating over ways to avoid further turmoil. ...
IBN Top Headlines
Impact of U.S. credit downgrade on Phl economy » Nation » News ...
Noted economist Benjamin Diokno described the impact of the downgrade on the local and globaleconomy as "serious," adding that in the Philippines, it would result in lower exports, slower inflow of remittances from overseas Filipino workers, ... "This new development -- a U.S. credit downgrade ontop of an already weak world economy -- requires serious, strategic thinking on the part of the Aquino administration," Diokno said. ... RECENT FACEBOOK ACTIVITY ...
philstar.com - Breaking News
Top G20 officials discuss economic crisis — RT
By RT
The deputy finance ministers of the world's 20 leading economies held a conference call to discuss Europe's ongoing debt woes and the downgrading of the US's credit rating. ... China, the US's biggest creditor, reacted to the downgrade of America's credit rating by saying it showed that US should “cure its addiction to debts” and called for a new stable global reserve currency instead of the dollar. US debt crisis · United States, Washington: The US Treasury on August 5, ...
News RSS : Today
US On The Road To Greece: Armageddon After ... - Global Security News
By admin
It was the best indication of the national decline. President Obama, using his well-known rhetorical skills, described failure to prevent the default as the economic Armageddon both for the US economy and its standing in the world. ... However, for the 2012 fiscal year which begins in October the limit is set at $7 billion below current levels. The deal establishes a new 12 member congressional panel, which is instructed to identify a further cut of $1.5 trillion during ...
Global Security News
World leaders to confer on debt crises this ... - Stabroek News
By Stabroek staff
While not totally unexpected, the loss of top-tier AAA status by the world's economic superpower drew fierce criticism from China, a huge holder of US debt, and promised more anxiety for globalfinancial markets. ...
Stabroek News
HSBC selected as key partner for ITFC's trade operations | HSBC ...
HSBC has signed a Memorandum of Understanding with Islamic Development Bank's InternationalIslamic Trade Finance Corporation (ITFC) to implement its Shariah-compliant trade financing and provide... ... more HSBC Bank Middle East news. This Memorandum of Understanding, the first of its kind in the industry, means ITFC customers can enjoy a simpler and cost-effective way to trade in a Shariah-compliant manner. ITFC customers benefit as HSBC will facilitate the issuance of ...
AMEinfo.com Latest News
Thailand To Host CEO Forum At BOI Fair 2011 | Meetings
Thailand's BOI Fair 2011 will showcase the latest technologies of the future, and also features a summit of over 300 business leaders from around the world, including international organizations such as UNCTAD and ASEAN. ... around the world, including international organizations such as UNCTAD and ASEAN. Participants attending the CEO FORUM will discuss the investment environment in Thailand and opportunities in the new global landscape. Also, at this year's BOI Fair, ...
Global Meetings Industry News
The Yeshiva World William Bratton, Former NYPD Top Cop, Denies ...
By Y.W. Editor
“They have not reached out to me, and I have not reached out to them,” Bratton told the Daily News. “If a position were open, it's certainly something I would consider,” Bratton added. “But at the moment, it looks like they have excluded ... Bratton left police work in 2010 to become chairman of Kroll, a global investigative firm. Bratton said that his position at Kroll would be an “issue” if the job were on the table. “I'm with a fabulous company and travel the world on ...
Yeshiva World News
Global finance chiefs vow 'all necessary measures' : Breaking News ...
By admin
General Canadian News · Canada · Consumer Life · Health · Latest Stories · Money · Politics · Technology & Science · Top Stories · World · Submit Breaking News · Contact Us · Home > General Canadian News > World > Global finance chiefs ...
Breaking News | Canadian News...
Multimedia wrap: Videos, slideshows and audios from the top news ...
The week's over and here's our selection of podcasts, videos and slideshows that defined the news for the week. The Lokpal Bill was tabled in the parliament at the beginning of the week. Team Anna was not happy with the government draft and burnt ... The market crashed in the US and fears of anotherglobal recession loom large. Our Editors R. Jagannathan and Venky Vembu discussed the implications of the crash for the world at large and the Indian economy in particular. ...
Firstpost
Economy, not debt rating, will send markets lower (AP) | Stock ...
By Editor - Stock Markets News
But it's the kind of news that stock markets don't need when investors are already nervous. Even before the downgrade, the Dow Jones industrial average last week fell nearly 700 points, or 6 percent. Investors were worried because ...
Rocket News
International Workshop Aims To Help With Global Mapping Data
Written by KDLT News Sunday, 07 August 2011 20:39. Thanks to a new training program out of Garretson, people in Latin America will be able to better share data with others around the world. The workshop offered at the USGS EROS Center ...
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