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The Demise of the Dollar
News - Americas
Written by Robert Fisk, The Independent   
Wednesday, 07 October 2009 10:09
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
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Fed Bought $23.025 Bln Net in Agency MBS in Latest Week
News - Americas
Written by Reuters   
Friday, 25 September 2009 13:40
NEW YORK, Sept 24 (Reuters) - The Federal Reserve bought $23.025 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Thursday.
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Brazil Bank Sees Faster Inflation as Economy Recovers
News - Americas
Written by Andre Soliani, Bloomberg   
Friday, 25 September 2009 13:31
Sept. 25 (Bloomberg) -- Brazil’s central bank forecasts faster inflation in Latin America’s biggest economy over the next two years, prompting traders to bet the benchmark interest rate may be raised as early as January.
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Colombia Central Bank May Keep Overnight Rate at 4.5 Percent
News - Americas
Written by Helen Murphy and Alexander Cuadros, Bloomberg   
Friday, 25 September 2009 13:26
Sept. 25 (Bloomberg) -- Colombia’s central bank will probably keep its benchmark interest rate unchanged for a third month as the economy shows signs of recovery and inflation remains below policy makers’ target.
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Brazil Central Bank Calls Auction to Buy Dollars
News - Americas
Written by Reuters   
Friday, 11 September 2009 15:22
SAO PAULO, Sept 11 (Reuters) - Brazil's central bank offered to buy dollars on the spot foreign exchange market on Friday as part of an ongoing effort to boost international reserves and absorb greenbacks pouring into the economy.
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Fed Plans to Strengthen Bank Examinations With Teams of Experts
News - Americas
Written by Robert Schmidt - Bloomberg   
Tuesday, 04 August 2009 07:26
Aug. 4 (Bloomberg) -- The Federal Reserve plans to strengthen its examinations of banks’ lending practices and financial health with new teams composed of experts in everything from law to economics and markets.
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Administration to Issue New Wall Street Pay Curbs
News - Americas
Written by The Associated Press   
Wednesday, 10 June 2009 09:36
WASHINGTON (AP) — An up and coming Wall Street executive might want to hold off on buying that condo in Aspen. The Obama administration is ready to issue broad new guidelines that would rein in pay at financial institutions.
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Fed, Treasury to Scale Back Emergency Programs as Crisis Eases
News - Americas
Written by Scott Lanman and Robert Schmidt, Bloomberg   
Friday, 25 September 2009 13:23
Sept. 24 (Bloomberg) -- The Federal Reserve and U.S. Treasury said they’re scaling back emergency programs aimed at combating the financial crisis, reducing support for firms that now have an easier time getting funding.
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Five More U.S. Banks Are Shut Down, Bringing 2009 Tally to 69
News - Americas
Written by Ari Levy and Margaret Chadbourn - Bloomberg   
Tuesday, 04 August 2009 07:36
Aug. 1 (Bloomberg) -- Banks in New Jersey, Ohio, Florida, Oklahoma and Illinois were shut, pushing the toll of failed U.S. lenders to 69 this year, amid a 26-year high in unemployment and the worst economic slump since the Great Depression.
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Treasuries Decline Before $11 Billion Sale of 30-Year Bonds
News - Americas
Written by Susanne Walker and Gavin Finch, Bloomberg   
Thursday, 11 June 2009 06:54
June 11 (Bloomberg) -- Treasuries fell for a second day before the government auctions $11 billion of 30-year debt and a report expected to show sales at U.S. retailers rose in May. Yields on 10-year notes, a benchmark for company and consumer borrowing costs, jumped to 3.9975 percent yesterday after an auction drew the highest yield since August 2008 and Russia and Brazil said they plan to shift some foreign reserves into International Monetary Fund bonds. Purchases at U.S. retailers probably rose 0.5 percent in May, according to the median estimate of economists surveyed by Bloomberg News.
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Fed Gets Subpoena From House Panel on Bank of America
News - Americas
Written by Scott Lanman, Bloomberg   
Wednesday, 10 June 2009 09:32
June 9 (Bloomberg) -- The Federal Reserve was subpoenaed by the House Oversight Committee for e-mails and documents related to Bank of America Corp.’s purchase of Merrill Lynch & Co. after the panel was unable to obtain them through a request last week.
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Peru’s Central Bank Keeps Benchmark Rate at Record Low 1.25%
News - Americas
Written by Alex Emery, Bloomberg   
Friday, 11 September 2009 15:27
Sept. 10 (Bloomberg) -- Peru’s central bank kept its benchmark lending rate at a record low as policy makers wait for signs of a sustained economic recovery following seven consecutive cuts in borrowing costs earlier this year.
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COLOMBIA - 4% Minimum Wage Increase
News - Americas
Written by Poder360   
Tuesday, 04 August 2009 07:33
Poder360 - The Central Bank proposed a minimum wage increase for Colombian workers for 2010 of between 3 and 4%.
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Emails Show Fed Strong-Armed Bank of America
News - Americas
Written by Jennifer Liberto, CNNMoney.com senior writer   
Thursday, 11 June 2009 06:49
WASHINGTON (CNNMoney.com) -- Bank of America CEO Ken Lewis heads to Capitol Hill on Thursday, and he's likely to be grilled by lawmakers about the government's role in ensuring that the bank complete its controversial merger with Merrill Lynch.
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Treasuries Decline as Russia May Pare Holdings of U.S. Debt
News - Americas
Written by Dakin Campbell and Dan Kruger, Bloomberg   
Wednesday, 10 June 2009 09:20
June 10 (Bloomberg) -- Treasuries fell, pushing 10-year yields to the highest level since November, as the government prepared to sell $19 billion in the securities and Russia said it may switch some of its reserves from U.S. debt.
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