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Posted by admin on March 26, 2009 under News | 
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Geithner sends dollar on roller-coaster ride
NEW YORK (MarketWatch) — Treasury Secretary Timothy Geithner shook markets Wednesday when some of his comments over China's call for a new global reserve currency led to confusion over U.S. policy an…
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CA-CANADA Summary (Reuters)
Reuters – Canada’s independent parliamentary budget officer forecast on Wednesday the economy would deteriorate at a historic rate, and much faster than the government had expected when it produced its budget in late January.
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US stocks drop on bank takeover talk after best rally of the year
New York – US stocks fell sharply on Tuesday, one day after posting their biggest gains of the year, as the US administration sought new powers to control failing financial firms. Banking shares, whic…
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Ex-SEC chairman Pitt predicts long downturn (AP)
AP – Harvey Pitt, former chairman of the U.S. Securities and Exchange Commission, said Friday he believes it could be up to two years before the economy bottoms and then rebounds.
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Wall Street sell-off hits European, Asian shares
Global stock markets mostly went down Wednesday as a recent sharp rally on hopes of an economic recovery made way for profit-taking by investors. In late morning trade, London's FTSE 100 index shed 0….
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Markets soar on stimulus plan despite WTO warning (AFP)
AFP – Upbeat investors sent stock markets soaring Tuesday on hopes of a quick fix for the economic crisis, despite a warning that world trade is set for its biggest fall since World War II.
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Beaten-down Europe small caps could offer opportunities
MADRID (MarketWatch) — It may be worth starting the process of sifting through the rubble of European small-cap stocks, a sector left to gather dust amid the downturn.
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Investors to look for reasons to extend rally (AP)
AP – Wall Street is in need of some positive reinforcement.
Posted by admin on March 25, 2009 under News | Read the First Comment
Drug stocks ease; Allergan soars on takeover speculation
BOSTON (MarketWatch) — Drug stocks retreated a bit in early trading Tuesday, the day after the broader market staged an almost 500-point rally on hopes that a new government program will help rid the…
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Investors banking on toxic plan (Reuters)
Reuters – Wall Street’s attempt to recover further from 12-year lows faces its biggest test yet this week in the Treasury’s long-delayed bank rescue plan.
