Central Banking & Monetary Policy

The jobs jam

ONE OUT OF 10 American workers will not have a job for which to express gratitude this Thanksgiving. If you add what the Bureau of Labor Statistics calls "marginally attached workers" and those who want to work full time but...

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Pivotal Romanian presidential poll starts (Reuters)

BUCHAREST (Reuters) - Romanians voted on Sunday in a closely-fought presidential election that is key to reviving economic and justice reforms and solving a government crisis that has delayed aid from the International Monetary...

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Omani riyal to remain dollar-pegged

Oman Central Bank announced that it will keep the Sultanate's currency pegged to the US dollar and there are no plans for a basket of currencies instead, Reuters reported. The central bank's Executive President, Hamood Sangour...

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Foreign Banks In UAE Withdrew Dh47Bn In H1 Of 2009

Foreign banks withdrew more than Dh47 billion out of the UAE banking system in the first half of this year after liquidity shortages at home and an end to speculation about a revaluation of the dirham, official figures showed.

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In Brief

Halliburton wins Aramco contract NEW YORK: Halliburton has won a broad five-year oilfield service contract from Saudi Aramco to develop wells in the world's largest oil field, South Ghawar, the company said. Teton files for...

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Rotten job market continues to dull glint of recovery [The Dallas Morning News]

Via Acquire Media NewsEdge) Nov. 22--They all remember the date. But Texas is on track to lose more jobs in 2009 than even the most pessimistic analysts expected at the beginning of the year. Burciaga was one of two dozen...

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Amman Stock Exchange trades lower

AMMAN - The Amman Stock Exchange (ASE) still suffers from low trading volumes following disappointing third quarter corporate results. Consequently, the ASE general index shed 0.7 per cent closing last week at 2,573.4 points,...

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Show Me Economic Expansion, Chairman Bernanke (at Seeking Alpha)

by: Steven Hansen November 22, 2009 | about: When Fed Chairman Ben Bernanke speaks, I listen. Excerpts from Bernanke's speech this week at the New York Economic Club: On reluctance of banks to lend - In fact using any tool to...

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Overdraft fee changes coming - roanoke.com

WASHINGTON -- New rules by the Federal Reserve Board should help curb those expensive overdraft fees that have become an annoyance for many consumers. By next summer, financial institutions will be prohibited from charging new...

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Gold currency eroded by central banking abuse

Under pressure from the Bush administration, the Alan Greenspan-led Federal Reserve created massive amounts of fiat money. It financed the largest asset boom in history. In turn, this precipitated the recent deleveraging and...

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