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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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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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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* 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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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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