| NYSE takes stake in India’s MCX
NYSE Euronext has bought a 5 per cent stake in India's largest commodities exchange, expanding its presence in the fast-growing economy. The US group, which runs New York Stock Exchange, also has a stake in India's biggest stock market. .
Speculators are facing a financial judgment day, and a great ...
Following the Great Depression of the 1930s, many people were fearful of any kind of debt. Many lost everything they had that wasnt paid for free and clear; debt was genuinely something to fear. For decades afterward, debt was viewed as a tool of the devil, to be shied away from at all cost. The generation of people who grew up in this era lived frugally, focusing more on saving than on spending. If they did go into debt, it was to purchase a home in which to live. .
F. William Engdahl's "A Century of War" - Part II
It forced Nixon to act again on February 12, 1973. He announced a further 10% devaluation, major world currencies began a process called a "managed float," and world instability was the worst seen since the 1930s. Unknown was the reason behind the August, 1971 strategy. It was to buy time before initiating a bold new monetary "paradigm shift" - to revive a strong dollar and US world power with it. In May 1973, the scheme was hatched - to initiate a "colossal assault" on world industrial growth through a 400% increase in oil prices. In addition, the resulting petrodollar flood had to be managed. A global oil embargo was the scheme to rocket up its price and create an equally great demand for dollars. Kissinger's Yom Kippur war began it when Egypt and Syria invaded Israel on October 6, 1973.
Oil Climbs Toward $91, Fog Slows US Imports
Oil rebounded sharply toward $91 a barrel on Monday as dense sea fog slowed crude imports into the Houston Ship Channel, the waterway to the busiest U.S. petrochemical port. The gains reversed heavy losses last week that were triggered by fresh signs of economic weakness in the United States, the world's biggest energy consumer. U.S. crude climbed $1.70 to $90.66 a barrel by 1747 GMT, after tumbling more than 3 percent on Friday. London Brent crude was up $1.49 cents at $90.93. Fifty-nine ships were waiting on Monday morning for dense fog to clear on the Houston Ship Channel, according to the U.S. Coast Guard. [ID:nN04560126] "We held the key support above $88 and then fog closed the Houston Ship Channel," said Phil Flynn, analyst at Alaron Trading in Chicago.
Xstrata shares rise as speculation grows of Vale offer
Takeover target Xstrata was in focus amid speculation that Brazil's Vale was pressing ahead with a potential offer for the Anglo-Swiss mining group. Last month, Xstrata admitted it was in "dialogue with a number of parties covering a range of topics of mutual interest such as industry consolidation". Market sources claimed that Vale, formerly CVRD, may have had an indicative offer accepted and could already be carrying out due diligence on Xstrata. .
CME rival eyes Archipelago founder as chief
The upstart electronic futures exchange planning to face off against the CME Group is considering Archipelago founder Jerry Putnam for its chief executive, say people close to the discussions.
Putnam has been at the forefront of computerized trading for well over a decade and could be in the market for another opportunity after stepping down as vice chairman of NYSE Euronext in August.
A spokesman for the proposed exchange declined to say whether Putnam is a CEO candidate.
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Former Cherokee chief Mankiller endorses Clinton for president
Just heard on Tulsa Fox 23 News the government is passing a law that will regulate how much you fat over weight people can eat.The law will also prevent fat over weight people from eating in resturants.It is about time something is done about all the fat over weight people. .
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