REUTERS News, Aug 22, 2011

COMMODITIES-Gold surges to record on murky outlook, Brent drops Reuters By Manolo Serapio Jr SINGAPORE, Aug 22 (Reuters) - Gold soared to a record on Monday as a shaky global economic outlook spurred safe-haven buying, while Brent crude slid $2 on hopes Libya will resume oil production soon as a six-month conflict in the ... See all stories on this topic »

PRECIOUS-Gold soars to record high on economic woes Reuters Technical analysis suggested that gold could pierce through $1900 over the day, said Reutersmarket analyst Wang Tao. Holdings in the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose to 1290.762 tonnes by Aug 21, ... See all stories on this topic »

World Looks for Reassurance That the Fed Will Take Steps New York Times By REUTERS With the global economy sputtering and financial markets on the rocks, the world is looking for reassurance that the United States central bank stands ready to save the day. Much attention will focus on a speech on Friday by Ben S. Bernanke, ... See all stories on this topic »

Brent falls over $2, eyes on Libyan oil flow Reuters By Randy Fabi and Seng Li Peng SINGAPORE (Reuters) - Brent crude dropped more than $2 on Monday to around $106 a barrel on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end. ... See all stories on this topic » Reuters

Brazil's Vale CEO: No problems yet due to global crisis Reuters Canada SAO PAULO (Reuters) - Brazil's Vale (VALE5.SA: Quote) (VALE.N: Quote), the world's third-largest mining company, has yet to change its investment plans or suffer any canceled or modified shipments because of the global crisis, its CEO said in an ... See all stories on this topic »

Italian Stocks - Factors to watch on Aug 22 Reuters Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). European shares ended Friday and the week firmly in the red after global growth, sovereign debt and bank funding concerns led a ... See all stories on this topic »

France's Sarkozy to meet Hu in Beijing next week Reuters PARIS, Aug 21 (Reuters) - French President Nicolas Sarkozy will meet Chinese President Hu Jintao in Beijing on Thursday for impromptu talks that will most probably centre on the recent turbulence inglobal financial markets. ... See all stories on this topic »

GRAINS-US grain prices firm on yield concerns Reuters Africa By Bruce Hextall SYDNEY, Aug 22 (Reuters) - US corn and soybeans futures posted gains in early Asian trade on Monday as concerns grew about yields suffering from recent above-normal temperatures in the Midwest. Chicago Board of Trade (CBOT) corn ... See all stories on this topic »

METALS-Copper edges up, Chilean supply worries aid Reuters Africa SHANGHAI, Aug 22 (Reuters) - Copper inched up on Monday as investors focused on potential supply disruptions in Chile and a general positive demand outlook, but worries about a globaleconomic slowdown continued to weigh on sentiment. ... See all stories on this topic »

Philippines - Market factors to watch - Aug 22 Reuters Africa MANILA, Aug 22 (Reuters) - Here are news stories and press reports which may influence local financial markets on Monday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - Bureau of Treasury holds T-bill auction, 1:00 pm [0500 GMT] REUTERS NEWS ... See all stories on this topic »

Arab League calls for global pressure on Israel DAWN.com A general view of an extraordinary meeting of the Arab League's permanent representatives to discuss the latest developments of Israel's air attacks on the Gaza Strip, in Cairo August 21, 2011. The Arab League on Sunday condemned Israeli air assaults ... See all stories on this topic » DAWN.com

MIDEAST STOCKS-Egypt leads losses on regional markets; global fears weigh Reuters Africa By Nadia Saleem DUBAI Aug 21 (Reuters) - Regional bourses fell on Sunday with the most marked decline on the Egyptian index where investors, already downbeat on the global economy, were spooked by tensions with Israel over the killing of five Egyptian ... See all stories on this topic »

Anti-government truckers besiege Australian parliament Reuters Africa Outside the booming mining sector, many Australians struggle to keep pace with inflation which has made the nation's biggest city, Sydney, one of the world's most expensive places to live. Despite Australia avoiding recession after the 2008 global ... See all stories on this topic » Reuters Africa

Gamescom 2011: Over 275000 Gamers Congregate in Germany Forbes Thanks mostly to trains, gamers from across Europe travel to the city to check out the latest games and get hands-on time with some of the biggest titles of this year and next. But Gamescom is emerging as a major international show. ... See all stories on this topic »

Laser advance may increase spread of nuclear bomb Sydney Morning Herald Photo: Reuters NEW YORK: Scientists have long sought easier ways to make the costly material known as enriched uranium - the fuel of nuclear reactors and bombs, now produced only in giant industrial plants. One idea, a half-century old, has been to do ... See all stories on this topic » Sydney Morning Herald

World Week Ahead: Behind the curve Stuff.co.nz "Realising that global economic growth will continue to be marked down compared to what people were expecting, that we are seeing no inflation and that central banks are keeping rates low, investors have every incentive to grab yield wherever they can, ... See all stories on this topic »

Efforts to tackle poverty must focus on the hardest to reach Reuters AlertNet (blog) REUTERS/Punit Paranjpe Laura Crowley is media and communications officer at WaterAid. The opinions expressed are her own. If efforts to eradicate global poverty are to succeed, the needs of the poorest and most excluded people must be considered at ... See all stories on this topic »

Farming overhaul vital for food water security UN Moneycontrol.com An average 2000-3000 litres per day is needed to produce food per person, compared to 200-300 litres for household use per day," Molden told Reuters. "On a global scale, we are likely to produce (enough) food but that doesn't solve the environmental ... See all stories on this topic »

Iranian lawyer for American hikers Shane Bauer and Josh Fattal said he will ... New York Daily News Fattal, an environmental and global health advocate, was visiting the two on his swing around the world after a fellowship. Their case has attracted international attention and support. After the news broke of their sentence on Saturday, ... See all stories on this topic » New York Daily News

Canada bank profits to rise, but growth uncertain Reuters Canada Indeed, the sector is likely to keep rising or falling on the global outlook even through Canada is in much better shape than its huge neighbor to the south. "The macro concerns remain the driving force behind these shares," said CIBC World Markets ... See all stories on this topic »

Amid Global Woe, Local Investors Seize Golden Opportunity Jakarta Globe President Hugo Chavez of Venezuela called for $11 billion in gold to be repatriated from vaults at several central banks around the world. Bank Indonesia governor Darmin Nasution told Reuters on Friday that the central bank's gold reserves were ... See all stories on this topic » Jakarta Globe

Sanatoga's Buttercup Beads Bracelet Benefit Friday The Sanatoga Post (blog) SAO PAULO (Reuters) - Brazil's Vale , the world's third-largest mining company, has yet to change its investment plans or suffer any canceled or modified shipments because of the global crisis, its CEO said in an interview published Sunday. [… ... See all stories on this topic »

Love or money at work? Sydney Morning Herald (blog) That might be a trend created by the global financial crisis, as people become more aware of their financial circumstances. Around the world, we have rising food prices which some economists predict will rise 10 fold by 2014. ... See all stories on this topic » Sydney Morning Herald (blog)

Henry backs All Blacks to come good when it matters Sydney Morning Herald Henry and his adversary, Peter de Villiers, have opposite views on which is the best tactical approach with the World Cup less than three weeks away. Richard Kahui scored New Zealand's only points with a try. Photo: Reuters "It's just you have to take... See all stories on this topic » Sydney Morning Herald

Banks work hard to forge relationships Financial News According to Thomson Reuters' estimates, Europe's 10 largest companies have paid a combined £876.6m in investment banking fees in the four years since the crisis began, with Goldman Sachs and Credit Suisse earning a bigger wallet share from this elite ... See all stories on this topic »

The Economy: Is China Better Than the United States? Gospel Herald A Reuters economic specialist and blogger, Derek Scissors, believes that this fear of China surpassing the United States as the world's leading economy is “patently absurd.” “America should not lose track of its advantages over China – in wealth but ... See all stories on this topic »

A ray of hope for solar stocks Climate Spectator NEW YORK (Reuters) – Rosy earnings from Chinese solar panel maker Yingli Green Energy on Friday stood in stark contrast to the dismal reports from its rivals, and the company said market signs pointed to a rebound in the second half of the year. ... See all stories on this topic »

Short-term outlook dim, stocks could fall further, say brokers Livemint Further, with the worries of a slowdown looming large in several economies of the world, investor appetite towards equities has taken a hit as money is taking a flight to the safety of gold. As globalmarkets continued to bleed on Friday, ... See all stories on this topic »

Fiction lost in translation as rumour web causes panic The Australian According to Maurice Levy, the director of France's Publicis, one of the world's biggest advertising agencies, the climate of rumour and speculation is at fever pitch in global financial and media circles. "The craziest rumours are spread on ... See all stories on this topic »

There's just one effective cure for China's $3.2bn headache The National Petar Kujundzic / Reuters While the downgrading of the top-tier US credit rating shocked global financial markets, China has more reason to worry than most: the bulk of its US$3.2 trillion (Dh11.75tn) in official foreign reserves - more than 60 per ... See all stories on this topic » The National

Eid shines bright for SE Asia Muslims despite rising prices Kuwait Times The concern this year was whether rising inflation and worries about a global recession would affect the seasonal surge in expenditure, which provides a major boost to retailers. "But it is not yet happening in Indonesia and Malaysia as private ... See all stories on this topic »

Rebels turn to Libyan economy The National Libya previously accounted for just under 2 per cent of global crude demand, producing about 1.8 million barrels per day (bpd), of which it exported 1.5 million bpd. "Oil exports will bounce back more quickly if there's no damage done to the pipelines... See all stories on this topic » The National

As Jews In Israel Are Murdered, As In Nazi Era, Media Turns Blind Eye To Terrorism Israel News Agency As for Reuters and AP - they did their job. They got the news out. But the Western media simply chose to ignore it. Yes, the terror attacks took place last Thursday, as the Dow Jones, NYSE and NASDAQ were taking another financial dive. ... See all stories on this topic » Israel News Agency

Soaring A$ claims Aust manufacturing victims Business Times (subscription) Currency has been a big talking point during this month's local earnings season, with globalpackaging group Amcor revealing on Monday that the Australian dollar had chopped A$80 million (US$83.6 million) from its annual earnings. CSL, the world's ... See all stories on this topic »

Singapore stock market and companies daily report (DBS Vickers, Manchester ... Stock Markets Review Notably, commodity supplier, Olam International fell 20 cents, or 8.2%, to $2.25 on 19 Aug, commodity trader Noble Group plunged 5.9% to $1.36, palm plantation owner Golden Agri-Resources dived 3.8% to 63.5 cents while rubber producer GMG Global ... See all stories on this topic »

Bahrain first-quarter GDP drops 1.4% Middle East North Africa Financial Network (MENAFN - Khaleej Times) Bahrain's economy shrank by 1.4 per cent quarter-on-quarter in the first three months of 2011 as unrest hit businesses in the tourism sector, its first quarterly contraction since the global financial crisis in late 2008, ... See all stories on this topic »

Gold Seen Heading for Biggest Annual Gain in 32 Years on Demand BusinessWeek 22 (Bloomberg) -- Gold may climb the most in more than three decades this year as investors and central banks boost their holdings on concern that global economic growth may stall amid a worsening sovereign-debt crisis in the US and Europe. ... See all stories on this topic »

All eyes on Bernanke as recession looms (Reuters) | News Now Reuters - With the global economy sputtering and financial markets on the rocks, the world needs reassurance the U.S. central bank ... Get more latest news information for All eyes on Bernanke as recession looms (Reuters) , click here ... www.infoterra.co/.../all-eyes-on-bernanke-as-recession-looms-...

email: info@als-alexander.org or interalex2@gmail.com