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Trade-Exchange Rates

  • BOYCOTT OF COUNTRYWIDE - ANNOUNCEMENT AND FIRST ACTIONS
    12 October 2007 par (Open-Publishing)
    6 comments

    BOYCOTT OF COUNTRYWIDE - ANNOUNCEMENT AND FIRST ACTIONS
    (Jamaica Plain, MA) - On Thursday October 11th at 12:00 p.m. at NACA’s headquarters (3593 Washington Street, J.P, MA), a nationwide boycott of Countrywide Financial Corporation will begin. The boycott of the nation’s leading mortgage lender is being led nationally by the Neighborhood Assistance Corporation of America (“NACA”) and locally by the Massachusetts Alliance to Stop Predatory Lenders. NACA is working with other local (…)

  • GM’s U.S. Workers Strike After Contract Talks Fail
    25 September 2007 par (Open-Publishing)
    3 comments

    GM’s U.S. Workers Strike After Contract Talks Fail
    By Jeff Green and John Lippert
    Sept. 24 (Bloomberg) — General Motors Corp.’s U.S. factory employees staged their first nationwide strike in 37 years after the largest U.S. automaker failed to reach a new labor agreement with the United Auto Workers.
    The walkout, at 11 a.m. New York time, came 10 days after the union extended the old contract past its expiration while the two sides negotiated. The latest round of bargaining had run for (…)

  • ACORN member featured on ABC’s "World News Tonight"
    16 September 2007 par (Open-Publishing)

    ACORN member featured on ABC’s "World News Tonight"
    As the subprime mortgage crisis threatens to displace millions of families from their homes, Bridgeport resident and ACORN member Donna Pearce described her harrowing struggle to keep her own house on a Sept. 10 episode of ABC’s "World News Tonight with Charles Gibson" (view the segment "The Mortgage Mess: Unscrupulous Lenders, Unsuspecting Borrowers").
    Pearce said she makes $2,100 per month as a nanny, but New Century said her income (…)

  • Debt storm likely to head west and engulf Japan
    16 September 2007 par (Open-Publishing)
    1 comment

    Debt storm likely to head west and engulf Japan
    By Damian Reece, City Editor Last Updated: 12:10am BST 16/09/2007
    The global credit crisis has hit our high streets again. Having seen mortgage rates rise this week, people were left standing in Depression-era queues waiting to get their cash out of Northern Rock, now being shored up by the Bank of England.
    Predators circle ailing lender Northern Rock
    But the focus of this debt storm rolling round the world’s financial system will shift (…)

  • Chevron Seeks Greater China Links Two Years After Unocal Tussle
    12 September 2007 par (Open-Publishing)

    Sept. 11 (Bloomberg) — Chevron Corp., the second-largest U.S. oil producer, is pursuing increased gas and exploration business in China, two years after the company won a tussle with Cnooc Ltd. for control of Unocal Corp.
    By Ying Lou
    The company will seek opportunities in exploration, deepwater drilling and natural gas output, Isikeli Taureka, president of Chevron International Exploration and Production, said in an interview in San Francisco yesterday.
    Oil demand in China, the world’s (…)

  • Possible U.S. economic downturn draws concern of world’s central bankers
    11 September 2007 par (Open-Publishing)

    Possible U.S. economic downturn draws concern of world’s central bankers By James Kanter Monday, September 10, 2007 PARIS: The European Central Bank president warned Monday of "hectic behavior" in the global economy and urged central bankers to keep a close eye on the United States for signs of an economic slowdown in the wake of a credit crunch that has rocked global financial markets.
    "This is no time for complacency," Jean-Claude Trichet, the ECB chief, said at a gathering in (…)

  • Britain’s Coming Credit Crisis
    11 September 2007 par (Open-Publishing)
    1 comment

    Britain’s Coming Credit Crisis
    SPIEGEL ONLINE - September 7, 2007, 10:49 AM By Kerry Capell
    Steep housing prices and a dependence on financial services make its economy vulnerable. Some predict a blow to credit might even be worse — much worse — than in the US.
    Britain might take a major hit if the credit crisis pinches as much as some predict. Could any country be more exposed to the current credit crunch than the U.S.? You bet, and that place is Britain. Unlike most of its (…)

  • Banks face 10-day debt timebomb
    9 September 2007 par (Open-Publishing)

    Banks face 10-day debt timebomb
    By Iain Dey, Sunday Telegraph
    Last Updated: 12:47am BST 09/09/2007
    Britain’s biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos.
    Almost 20 per cent of the short-term money market loans issued by European banks are due to mature between September 11 and September 19. Senior bankers fear that they will have to refinance almost all (…)

  • Global wheat prices soar to new highs
    5 September 2007 par (Open-Publishing)

    Compared with initial forecasts of a near-record crop of up to 26 million tonnes, dry weather has shrunk expected output to 20-22 million tonnes, according to industry forecasts. reuters
    Friday, August 31, 2007
    PARIS: European wheat futures surged on Thursday to all-time highs after an overnight rally on the US market driven by thin global supplies and heavy export demand, traders said.
    The Paris-based milling futures were between 7.25 and 9.25 euros higher for 2007/08 with benchmark (…)

  • Heading for the Rocks - The Economist Intelligence Unit
    3 September 2007 par (Open-Publishing)

    The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For 60 years it has been a source of information on business developments,
    economic and political trends, government regulations and corporate practice worldwide.
    The Economist Intelligence Unit delivers its information in four ways: through its digital portfolio, where the latest analysis is updated daily; through printed subscription products ranging (…)