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Last Updated: May 14th, 2007 - 10:08:12 |
Economy
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Currency Commentaries
Iran Announces Switch from Dollars to Euros
Iran announced it has ordered the central bank to use euros for foreign transactions and transform the state's dollar-denominated assets held abroad into the single European currency.
Dec 18, 2006, 23:42
Economy
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Gold & Silver
Big money is snapping up gold under the radar
The world's big money brigade is snapping up gold bullion at eight times the rate originally thought, according to a report by UBS, the world's biggest gold trader.
Jun 5, 2006, 15:17
Economy
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Currency Commentaries
Dollar's decline practically ensures gold's rise
In the currency world, the dollar is often referred to as "invincible" or a "flight to quality" instrument. Don't bet on it.
May 28, 2006, 12:27
Economy
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Currency Commentaries
Central bankers are backing plan to devalue U.S. dollar
On Friday the dollar plunged to a 12-month low. With sterling close to $1.90 and further dollar falls likely, we could soon see a $2 pound.
May 15, 2006, 10:07
Economy
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Gold & Silver
Gold Rally Similar Yet 'More Orderly' Than in 1980
There are a number of similarities in the gold futures now compared to when prices hit record levels back in 1980, yet analysts involved with the metal both now and then tend to describe gold as having more solid footing in 2006 so that any corrections lower may not be as dramatic as they were a quarter of a century ago.
May 11, 2006, 11:35
Economy
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Currency Commentaries
Is Asia preparing to dump dollar peg?
Finance ministers of China, Japan, and South Korea recently got together with their counterparts from the Association of Southeast Asian Nations, or Asean. The 13-nation group said it would sponsor a research project, titled "Toward greater financial stability in the Asian region: Exploring steps to
create regional monetary units."
May 8, 2006, 06:30
Economy
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Currency Commentaries
Arab Central Banks Move Assets Out of Dollar
Middle Eastern anger over the decision by the US to block a Dubai company from buying five of its ports hit the dollar yesterday as a number of central banks said they were considering switching reserves into euros.
Mar 14, 2006, 10:03
Economy
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Gold & Silver
Gold Dinar makes a comeback on high gold price
Zahimi Chik, a director of Swarnabhumi, the company that produces the gold dinar, said efforts were being taken to bring back the glorious past of the currency by introducing it for saving purposes, as a wedding gift, for zakat payment and trading.
Mar 3, 2006, 06:59
Economy
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Currency Commentaries
Envy of the world...for how much longer?
Last week the US Bureau of Labor Statistics re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, we have adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don't know what worry is.
Feb 15, 2006, 15:47
Economy
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Gold & Silver
Gold Finally Doubles Up
With gold moving decisively through US$500 per ounce and establishing a 23-year high, it finally achieved a double off its ultimate bottom of US$252 an ounce reached in mid-1999.
Feb 6, 2006, 12:01
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