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Sep 28, 2011

CNBC World News, Sep 28, 2011


Czech Stocks Jump Most in World as Mobius Boosts Region's Banks
BusinessWeek
26 (Bloomberg) -- Czech shares jumped the most in 16 months after Templeton Asset Management's Mark Mobius told CNBC his fund likes banks and commodity companies in central and eastern Europe, helping push Erste Group Bank AG up 12 percent. ...
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Put Jobs First: ILO Director General
CNBC.com
As the sovereign debt crisis is hits Europe and the idea of a double dip recession [cnbc explains] is starting to spread all over the world, G20 labor ministers gathered in Paris on Tuesday said job creation, particularly by small enterprises, ...
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G-20 Debt Crisis Approach: Some Talk, But Little Action
CNBC.com
The International Monetary Fund [cnbc explains] , World Bank and G-20 are near ready to break the meeting without a clear vision forward and only Thursday's communique as a blueprint. "This is the strategy that's in place. That's the strategy that must ...
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CNBC.com
Markets Still Have Further to Fall: Analysts
CNBC.com
"It's not clear to me that these 16 banks are the only banks which need significant recapitalization," Alastair Newton, senior political analyst at Nomura, told CNBCFriday. "The stress tests didn't address the worst-case scenario and that remains a ...
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CNBC.com
FIRST ON CNBC: CNBC TRANSCRIPT: CNBC'S PHIL LEBEAU SPEAKS WITH BOEING CHAIRMAN ...
CNBC.com (blog)
All references must be sourced to CNBC. Tomorrow, Tuesday, September 27th at 9PM ET/PT,CNBC will premiere a one-hour documentary on Boeing's Dreamliner entitled “Dreamliner: Inside theWorld's Most Anticipated Airplane.” Boeing CEO on 787 Profit ...
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Jack Welch: Here's How I'd Get Companies to Hire
CNBC.com
The US government should freeze regulations and cut marginal tax rates in order to boost hiring and stimulate the US economy, former General Electric chairman Jack Welch told CNBC Friday. Welch, who is a CNBC contributor, also said he would extend the ...
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CNBC.com
Not-so-model behaviour: Fiery Naomi Campbell says she is struggling to work on ...
Daily Mail
On the show, CNBC Meets, Campbell speaks of her personal battle against cocaine and said: 'The challenge was to go back and face things I hadn't dealt with, [it's] scary for anyone to go and look at themselves in the mirror and deal with them, ...
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Daily Mail
Before It's Too Late, Czech Exporters Scramble to Diversify
CNBC.com
"At the moment, it seems that the economy is getting better but we hear alarming news from the euro zone," Jiri Kulis, CEO and vice-chairman of BVV Trade Fairs Brno, told CNBC.com in Prague. The number of companies taking part has increased by 30...
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CNBC.com
Europe Needs 'Paulson Moment': Analyst
CNBC.com
The IMF meeting was "a step in the right direction," Tom Stevenson, investment director, Fidelity, told CNBC. "European leaders have been cajoled and bullied into showing some leadership. "Three things are essential: we need to move to primary ...
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CNBC.com
Europe's Woes Could Cause US Recession: Former Fed Gov.
CNBC.com
Unlike investor Jim Rogers, who told CNBC earlier Tuesday the US has more serious problems than Europe, Mishkin says this is an "internationally interconnected" world. "The start of the US financial crisis was BNP Paribas. So it was a French bank that ...
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Is the BBC Trader a Hoax?
CNBC.com
"The governments don't rule the world, Goldman Sachs Rastani admitted that he has been dreaming of a global recession [cnbc explains] for years. Most people forget, he said, that those who were prepared for the Great Depression made a lot of money. ...
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Memo To CNBC: Real Titans Don't Whine
Forbes
It happens practically every morning on CNBC's Squawk Box. “Industrial titan” after “industrial titan” goes on and on, blaming Washington for the failure of the private sector and traditional management to contribute positively to this troubled economy ...
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Time's Up Meredith Whitney, Muni Prediction Was Wrong
CNBC.com
11, when she appeared on CNBC. Thus began a significant decline in municipal bond prices. The crisis talk went into overdrive, of course, when Ms. Whitney appeared on 60 Minutes and warned that the $3 trillion municipal bond market faced the immediate ...
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CNBC.com
Asian Markets Slump on Doubts Over EU Plans
CNBC.com
The FTSE CNBC Asia 100 Index Japan's Nikkei share average slid to its lowest close since April 2009 as it caught up with Wall Street losses after a three-day weekend, falling in line with other risk assets on worries about a Greek debt default. ...
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Sarkozy Under Pressure From G20 Leaders
CNBC.com
David Cameron played a significant role in drafting the letter and in coordinating the response to the current global economic crisis among the other world leaders, UK government sources told CNBC.com. There was no immediate comment available from the ...
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CNBC.com
IMF Faces Skepticism, Limited Role in Asia
CNBC.com
In its latest World Economic Outlook released this week, the IMF forecast that Asia would grow as much as 8 percent this year, led by China and India. The IMF's biggest worry, though, is inflation [cnbc explains] . “Risks for prices are still tilted ...
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CNBC.com
Classic pullback rally before F&O expiry: Udayan
Moneycontrol.com
A terrific comeback for the market, says CNBC-TV18's managing editor Udayan Mukherjee. The Nifty was up 2.5%, in sync with what is happening in the rest of the world, in Europe, in Asia earlier. It has been led by a lot of the stocks which had ...
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US vs The World: Are We Better Than They Are?
Forbes
And by the way, the US is heading for a double dip, if not already there, he said on CNBC recently. For Robert Zoellick, president of the World Bank, the crisis in Europe will likely spread to emerging nations. For Goldman Sachs, the world is going to ...
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Euro Debt Crisis Is Worse Than US in 2008: George Soros
CNBC.com
"The European crisis is more serious than the crisis of 2008," Soros said in an appearance at the meeting here of the World Bank and International Monetary Fund [cnbc explains] . "The authority needed (in 2008) was in place. ...
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CNBC Poll: Has the IMF Helped Handle The Financial Crisis
CNBC.com
Given the scope of the crisis, a supra-national organization — namely the International Monetary Fund [cnbc explains] , backed by the World Bank — is expected to lead. With the ability to provide million-billion dollar aid packages and monitor their ...
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Asia Stocks Edge Higher as Caution Prevails
CNBC.com
The FTSE CNBC Asia 100 Index Japanese shares inched up but struggled to hold gains with traders selling into strength as optimism over Europe's efforts to resolve its sovereign debt problem proved short-lived and support from dividend-related buying ...
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Will Anything Really Change After Putin Job Swap?
CNBC.com
GDP of $16840 per capita, according to the International Monetary Fund, is the highest in the BRICS [cnbc explains] countries. "The federal government is supporting Russian household income, particularly for pensioners," said Sollogoub. ...
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Cramer's 25 Favorite Stocks With Low P/E Ratios
Seeking Alpha
Jim Cramer is the host of CNBC's "Mad Money" and the chairman of TheStreet.com. In 1987, Cramer started his own hedge fund and returned an average of 24% per year between 1987 and 2001. Cramer also authored six money management books. ...
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Euro Area Facing 'Outright Recession': Economist
CNBC.com
The euro zone will be in a recession before the end of the year, an economist from the Royal Bank of Scotland (RBS) told CNBC Monday. "The euro zone will enter a recession [cnbc explains] by the fourth quarter of this year, with contractions in growth...
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CNBC.com
George Soros, Billionaire Investor, Says US Already In Recession
Huffington Post
George Soros, famed investor, told CNBC Wednesday that rather than the US slipping into recession sometime in the future, "I think we are in it already." That level of pessimism isn't especially unique, especially among the rich. ...
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UK Committed to Austerity, No Plan B: Minister
CNBC.com
... the country's Business Secretary told CNBC Thursday. Vince Cable's comments came after Prime Minister David Cameron, the leader of the Conservative party which is in a coalition with Cable's Liberal Democrats, warned Thursday that the world is on ...
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CNBC.com
More QE in UK Could Harm Economy: Ex-MPC Member
CNBC.com
There was further gloom from the International Monetary Fund (IMF) [cnbc explains] , which released its economic forecasts for countries around the world. The IMF warned that sluggish growth would be almost universal and cut forecasts for most ...
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CNBC.com
CNBC EXCLUSIVE: CNBC TRANSCRIPT: CNBC'S DAVID FABER SPEAKS WITH INCOMING ...
CNBC.com (blog)
All references must be sourced to CNBC. Meg Whitman's Plans to Revive HP Meg Whitman's Plans to Revive HP, Pt. 2 Meg Whitman's Plans to Revive HP, Pt. 3 DAVID FABER: Thank you very much, Tyler. We've already got some reactions-- going here. ...
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CNBC Poll: Whom Does the IMF Serve?
CNBC.com
It follows that the IMF is controlled by the world's largest economies. Are they voting their own interests? Considering who's historically at the helm of the organization, the claim seems feasible. The IMF leader could ostensibly come from any of its ...
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Gold to fall in near-term, will see $2000/oz by '12: Nomura
Moneycontrol.com
“Gold may see further down leg in the short term, but I believe that it may reach USD 2000 per ounce by 2012,” he tells CNBC-TV18 in an exclusive interview. Below is an edited transcript of his interview with Udayan Mukherjee and Mitali Mukherjee. ...
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Take Volatility and Turn It Into an Asset: Donald Trump
CNBC.com
Volatility in Asia or in the US hasn't stopped real estate mogul Donald Trump from doing business, he told CNBC Tuesday. "There is volatility all over the world, whether it's the United States or Asia. Asia could be a place that goes bad, ...
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US Economy Is on 'Knife's Edge': Fed Economist
CNBC.com
The US jobs engine has lost momentum and could be set for further "backtracking," Meanwhile, he said, there is also a "credible" risk of rising inflation [cnbc explains] . "We are in the midst of the Second Great Contraction," Rosenblum said, ...
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CNBC.com
Fund's Returns Show Why 'Buy-and-Hold' Isn't Dead
CNBC.com
The large-cap [cnbc explains] stock benchmark, the Standard & Poor's 500 Index Over the past decade, it's up 4 percent, less than bonds. In making a case for large-caps, supporters say US multinational companies can take advantage of fast-growing ...
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Risk and Reward: Hedge Funds Love These Stocks With Rising Volatility
Motley Fool
And it was only last week that world stock markets took a hit "as fears of a double-dip recession gripped world markets and European leaders failed to show they were on a convincing path to stem their sovereign debt crisis." CNBC reports "Gold tumbled ...
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Stocks End Sharply Lower on Recession Fears
CNBC.com
However, the gains are still not enough to suggest the economy will pick up any time soon. —Follow JeeYeon Park on Twitter: twitter.com/JeeYeonParkCNBC— On Tap This Week: FRIDAY: IMF/WorldBank annual mtg; Earnings from KBHome More From CNBC.com:
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HP Has Strong Team, Needs Cogent Strategy: Fiorina
CNBC.com
... make a "very strong team" at Hewlett-Packard, but what the computer company needs is a "cogent strategy that is clearly communicated, that is executed well over time, and that the board is going to support," former HP CEO Carly Fiorina told CNBC. ...
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US Dollar is 'Not a Safe Haven': Jim Rogers
CNBC.com
The US dollar is going higher “against major currencies,” well-known investor Jim Rogers told CNBCThursday. The dollar "is going up against everything right now” for a number of reasons, said Rogers. One may be that everybody is panicking "and for ...
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Global Slowdown Fears Spook Markets
CNBC.com
Bob Pisani is off; this post was written by CNBC producer Robert Hum. It's not all about Greece and Europe – global slowdown worries are also clouding the situation for stocks.” – Remember that from yesterday morning? It's clearly holding true again ...
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Cramer: Why It Never Pays to Panic
CNBC.com
"No one ever made a dime panicking, but many people made gigantic amounts of money taking advantage of those who did." When this story was published, Cramer's charitable trust owned DuPont. Call Cramer: 1-800-743-CNBC Questions for Cramer? ...
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Henes: The Top 5 Questions About the Bankruptcy of Central Falls, Rhode Island
CNBC.com (blog)
... chemicals, energy, manufacturing, real estate, retail and telecommunications. Jon has also frequently appeared on CNBC's "Worldwide Exchange" as a guest expert on various financial and economic topics and is a member of the Economic Club of New York.
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Gold ETF Investors Hold On in 'Dash for Cash' - CNBC
It also appears to run counter to some speculation that one or another of the big institutional holders of the SPDR Gold Trust, the world's largest gold ETF [cnbc explains] , might have been liquidated. John Paulson's hedge fund held 7.6 ...
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