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News & Updates
European shares and the euro fell on Thursday as persistent worries about Spain and Greece combined with disappointing company earnings to undermine investors' confidence, but moves were limited by talk that central banks may be...
July 26, 2012 Could Europe's Rescue Fund Become a Big Bank?Source: BusinessWeek
European Central Bank leaders have repeatedly dismissed suggestions that the central bank lend money to the euro zone’s permanent rescue fund. Now, with Spain sliding toward a sovereign bailout, the idea has been revived by a...
July 26, 2012 USDA says drought will push up food prices in 2013Source: Boston.com
MINNEAPOLIS — The record drought gripping half the country will help push food prices up by 3 percent to 4 percent next year, the U.S. Department of Agriculture said Wednesday. Milk, eggs, beef, poultry and pork prices will all...
July 26, 2012 House passes bill increasing scrutiny over FedSource: AP
WASHINGTON (AP) — The House voted Wednesday to give Congress greater scrutiny over the monetary policy decisions of the Federal Reserve, approving legislation sponsored by longtime Fed nemesis Rep. Ron Paul.
July 26, 2012 Why China is founding a new city on a coral reefSource: CS Monitor
Official Chinese media just announced the founding of a city that spans a series of tiny coral reefs, some often submerged. Chinese leaders can’t quite replicate the glass towers of Shanghai or the city walls of Beijing there....
July 26, 2012 Facing Congress, Geithner Grilled on Rate-RiggingSource: NY Times
Timothy F. Geithner was grilled on Wednesday about the growing interest rate rigging scandal, as lawmakers questioned why he failed to thwart the illegal activity during the financial crisis.
July 25, 2012 Did Geithner sound alarms about Libor?Source: Washington Post
Treasury Secretary Timothy F. Geithner has said he worked quickly in 2008 to bring problems with the benchmark Libor interest rate to the attention of the "full complement of U.S. regulatory agencies" while he was president of...
July 25, 2012 Global Food Technologies Creates Solution to Improve Food Safety Amidst Limited Government ResourcesSource: MarketWatch
As imports into the United States rise, the Food and Drug Administration (FDA) is struggling to maintain food safety regulations in light of limited resources. Global Food Technologies provides their on-site food safety...
July 25, 2012 ECB rescue fund talk lifts shares, euroSource: Reuters
The euro jumped and European shares turned higher on Wednesday after a European Central Bank policymaker said there were reasons to boost the firepower of the euro zone's new bailout fund to tackle the region's deepening debt...
July 25, 2012 Japan PM atomic energy stance on trial in local pollSource: Reuters
Japanese Prime Minister Yoshihiko Noda's post-Fukushima nuclear energy policy will be on trial in a local governor's election on Sunday, where an upset victory by a renewable energy candidate would deal Noda's wobbly...
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