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June 16, 2008 |
RBS issues global stock and credit crash alert
Telegraph (UK)
The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. |
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June 16, 2008 |
Paulson & Co. Says Writedowns May Reach $1.3 Trillion
Bloomberg
John Paulson, founder of the hedge fund company Paulson & Co., said global writedowns and losses from the credit crisis may reach $1.3 trillion, exceeding the International Monetary Fund's $945 billion estimate. |
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June 10, 2008 |
UK Financial Institutions headlong into Islamic Banking
Miscellaneous
Malaysia's Islamic banking system has attracted the interest of financial institutions in Britain which are keen to start operations in the country and expand their activities. |
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June 09, 2008 |
Global currency deflation worsening
Telegraph (UK)
Fetch your tin helmets once again. The European Central Bank is opting for a monetary purge. So too is the US Federal Reserve, now ruled from Dallas. |
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June 09, 2008 |
U.S. stops following foreign investments
Worldnet Daily
Foreign investment in the United States is on the rise and key U.S. businesses and infrastructures such as roads and airports are being sold to foreign investors. Now comes word from the U.S. Department of Commerce the Bureau of Economic Affairs will stop publishing a key report tracking those foreign dollars.
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June 09, 2008 |
Russia blames US selfishness for global financial crisis
Telegraph (UK)
Dmitry Medvedev delivered the most anti-American speech of his one-month presidency this weekend when he claimed that US selfishness had led the world into its worst financial crisis since the Great Depression. |
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June 09, 2008 |
Islamic banks more discerning than conventional Western counterparts?
Miscellaneous
Islamic banks are leaving their Western counterparts behind in IT deployment, claims Dr Mohamed Goneid, business development manager for the Middle East and Gulf at Temenos. |
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June 08, 2008 |
NY Fed chief urges global bank framework
Financial Times
Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York. |
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June 06, 2008 |
Aiding and abetting
Washington Times
The export of sensitive equipment and security expertise to Communist China's military and police in advance of the 2008 Olympics is the latest sign of a new and troubling acquiescence in recent Bush administration policy toward Beijing. |
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June 05, 2008 |
Revealed: Secret plan to keep Iraq under US control
The Independent (UK)
A secret deal being negotiated in Baghdad would perpetuate the American military occupation of Iraq indefinitely, regardless of the outcome of the US presidential election in November. |
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