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03/11/2010 01:12 AM |
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Royal Dutch Shell halts gasoline sales to Iran |
Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.
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03/10/2010 11:51 PM |
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Welcome to the United States of Iceland |
It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own.
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03/10/2010 08:06 PM |
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Fears of a Greek bank run |
In the middle of the 2001 debt crisis, Argentines stormed their nation's banks to get their money out. To stop the stampede, the government imposed controls that allowed them to take out only $250 at a time and limited withdrawals for overseas trips to $1,000.
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03/11/2010 03:21 AM |
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Dollar seesaws |
The dollar was mixed against major currencies Wednesday, rising against the yen and pound but giving up gains versus the euro.
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03/11/2010 03:05 AM |
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Oil rises after inventory report |
Oil prices rose Wednesday as the government's weekly inventory report showed a smaller than expected increase in oil supplies and a dip in gasoline inventory.
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03/10/2010 03:43 AM |
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China, let's see if you can innovate |
What economic crisis? After a blip last winter, China is growing at more than 8% a year, and the scale and speed at which the country is building a modern infrastructure are mind-boggling.
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03/09/2010 01:52 AM |
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Is your country the next Greece? |
Just over a year ago a few members of the research team at Hedgeye attended a lecture at Yale Law School by Robert Rubin, the former Secretary of the Treasury under Bill Clinton. During the question and answer session, Rubin was asked about sovereign risk -- the threat that an entire nation effectively walking away from its financial obligations. Mr. Rubin was blunt: he said categorically that he did not expect any major nations to default on its debt.
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03/05/2010 05:16 PM |
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Why China should let the yuan rise |
The Chinese have rarely given into foreign pressure to revalue its currency higher. But that doesn't mean it won't let the yuan rise later this year.
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03/05/2010 09:09 PM |
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Oil-rich nations want a bigger take |
Two of the world's oil-rich countries may make it harder for oil companies to do business with them.
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03/04/2010 08:08 PM |
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The snag in Greece's salary solution |
Greek prime minister George Papandreou may have made a big mistake. As part of a plan to fix his nation's ruined economy, he announced Wednesday that he aims to cut 30% of civil servants' holiday bonuses which are part of Greece's "14th salary" payment schedule.
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03/30/2007 01:16 PM |
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Check International ETFs here |
Check International ETFs here
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03/03/2010 11:08 PM |
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Greece outlines plan to cut massive deficit |
Facing firm demands from the European Union and financial markets to cut its deficit, Greece announced cost-cutting measures Wednesday that will save the debt-challenged country €4 billion, $5.44 billion, this year.
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03/03/2010 10:03 PM |
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This Mazda recall really burns my ... |
Mazda is in the hot seat Wednesday after recalling 12,300 CX-9 crossover SUVs over potentially overheating seats.
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03/02/2010 11:16 PM |
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Foreign companies buy American |
The British are coming! So are the Germans. And the Japanese. And the Canadians. And the French.
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03/03/2010 04:01 AM |
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Toyota to let U.S. unit order recalls |
Toyota executives told lawmakers Tuesday that its U.S. and Canadian divisions will have more authority to decide when to issue a recall as the automaker faces mounting pressure from Washington over its recent safety problems.
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03/08/2010 05:27 PM |
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AIG sells Asia unit to Prudential for $35B |
AIG said Monday that it had reached a definitive agreement to sell its Asian life insurance business to Britain's Prudential PLC in a deal valued at $35.5 billion.
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03/02/2010 01:39 AM |
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Copper spikes after Chile quake |
Copper prices surged overnight after a massive earthquake struck Chile, the world's largest producer of the metal, over the weekend.
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03/02/2010 03:03 AM |
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Why Toyota may cause higher interest rates |
China is one of the largest holders of U.S. Treasurys. So some worry that our massive budget deficit, which China has vocally complained about, is the equivalent of biting the hand that feeds us.
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03/01/2010 05:00 AM |
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Chile quake damage could reach $30 billion |
The massive earthquake that struck Chile this weekend did between $15 billion and $30 billion in damage to the South American nation's economy, according to a risk management assessment firm.
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03/01/2010 07:37 PM |
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Greeks try to remember how to cut back |
Elly Koufakis, the co-owner of a busy beauty salon in the posh Athens suburb of Psyhiko, isn't used to sitting around. The shop's staff rarely has a minute to breathe between haircuts and manicures. But since the debt crisis in Greece exploded in January, they now spend half their workday sitting idle. "We've seen a 50% drop in our appointments," Koufakis says. "Everyone seems to be reining in their spending."
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