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Kazakh President Calls for Islamic Food Fund

Posted June 8th, 2011 at 5:05 pm (UTC-5)
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Kazakhstan’s President Nursultan Nazarbayev has proposed the creation of a food reserve for Muslim countries to improve food security in the Islamic world. President Nazarbayev addressed the World Islamic Economic Forum in the Kazakh capital Astana Wednesday. He said member nations of the Organization of the Islamic Conference should establish a regional fund to stave […]

US Stocks Decline

Posted June 8th, 2011 at 4:40 pm (UTC-5)
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U.S. stock market indexes fell in Wednesday’s trading. The Dow Jones Industrial Average retreated two-tenths of a percent to close at 12,049. The S&P 500 lost four-tenths of a percent to end at 1,280 while the NASDAQ composite index dropped one percent to 2,675. European stock markets were lower at the close of trading. London’s […]

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Crude Oil Prices Rise

Posted June 8th, 2011 at 4:10 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday: Crude oil prices rose $1.65 to close at $100.74 a barrel. Coffee prices gained one cent to finish at $2.64 per pound. Copper prices lost 4 cents to end the day’s trading at $4.11 per pound. Cocoa futures advanced $36 to […]

Tags: , , Posted in Economy

Crude Oil Prices Rise

Posted June 8th, 2011 at 3:50 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday: Crude oil prices rose $1.65 to close at $100.74 a barrel. Coffee prices gained one cent to finish at $2.64 per pound. Copper prices lost 4 cents to end the day’s trading at $4.11 a pound. Cocoa futures advanced $36 to […]

Tags: Posted in Economy

Credit Agency Warns Washington

Posted June 8th, 2011 at 3:45 pm (UTC-5)
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One of the major global credit rating agencies says it is worried about the direction of political debate in Washington as members of Congress bicker over raising the legal limit on borrowing by the U.S. Government. U.S. officials say Congress must raise the “debt ceiling” by August 2, or the country will be in danger […]

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US Stocks Decline

Posted June 8th, 2011 at 2:05 pm (UTC-5)
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U.S. stock market indexes fell in Wednesday’s midday trading. The Dow Jones Industrial Average retreated one-tenth of a percent, the S&P 500 lost three-tenths and the NASDAQ dropped nine-tenths of a percent. European stock markets were lower at the close of trading. London’s Financial Times 100 index lost one percent to close at 5,809. The […]

Tags: , , , Posted in Economy

Credit Agency Warns Washington

Posted June 8th, 2011 at 1:40 pm (UTC-5)
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One of the major global credit rating agencies says it is worried about the direction of political debate in Washington as members of Congress bicker over raising the legal limit on borrowing by the U.S. Government. U.S. officials say Congress must raise the “debt ceiling” by August 2, or the country will be in danger […]

Tags: , Posted in Economy

Lagarde; Carstens Campaign for Top IMF Job

Posted June 8th, 2011 at 1:10 pm (UTC-5)
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Both of the announced candidates to head the International Monetary Fund are visiting key economic powers, seeking support for their rival bids to become the next managing director of the global lender. French Finance Minister Christine Lagarde is in Beijing for a series of meetings with top Chinese financial and political officials. She arrived Wednesday, […]

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Lagarde & Carstens Campaign for Top IMF Job

Posted June 8th, 2011 at 11:50 am (UTC-5)
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Both of the announced candidates to head the International Monetary Fund are visiting key emerging nations, seeking support for their rival bids to become the next Managing Director of the global lender. French Finance Minister Christine Lagarde is in Beijing for a series of meetings with top Chinese financial and political officials. She arrived Wednesday, […]

Tags: , , , , Posted in Economy

US Stocks Decline

Posted June 8th, 2011 at 10:30 am (UTC-5)
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U.S. stock market indexes fell in Wednesday’s early trading. The Dow Jones Industrial Average retreated one-tenth of a percent, the S&P 500 lost two-tenths and the NASDAQ dropped six-tenths of a percent. European stock markets were lower in afternoon trading. London’s Financial Times 100 index and the CAC-40 in Paris moved down seven-tenths of a […]

Tags: , , , Posted in Economy

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