Monthly Archives: March 2009

By Pham-Duy Nguyen March 31 (Bloomberg) — Gold rose in New York, heading for a second straight quarterly gain, on speculation that a weaker dollar will boost the metal’s appeal as an alternative asset. Silver fell. The U.S. Dollar Index, … Continue reading →

MARCH 30, 2009, 4:52 P.M. ET By JEFFREY MCCRACKEN, MONICA LANGLEY, and JOHN D. STOLL WASHINGTON — The Obama’s administration’s leading plan to fix General Motors Corp. and Chrysler LLC would use bankruptcy filings to purge the ailing companies of … Continue reading →

03/30/09 03:14 pm (EST) (CEP News) – Growing negative sentiment is causing investors to move out of commodity markets, which is also helping to drag down gold prices.Gold prices are modestly weaker Monday afternoon, trading in the mid-$951 per ounce … Continue reading →

U.S. Seizes Key Cogs for Credit Unions MARCH 21, 2009 By Mark Maremont In the latest move by federal authorities to prop up the nation’s banking system, regulators late Friday seized control of the two largest wholesale credit unions in … Continue reading →

By JOE McDONALD , 03.24.09, 12:49 AM EDT China is calling for a new global currency controlled by the International Monetary Fund, stepping up pressure ahead of a London summit of global leaders for changes to a financial system dominated … Continue reading →

Falling gold sales and loans provide price support; IMF has 400 tons to unload By Moming Zhou, MarketWatch Last update: 5:04 p.m. EDT March 24, 2009 NEW YORK (MarketWatch) — The world’s major central banks, which hold more than 15% … Continue reading →

REUTERS HONG KONG, March 19 (Reuters) – The U.S. dollar steadied on Thursday after suffering its biggest daily plunge since 1985, while Asian government bonds rallied on a large-scale plan by the Federal Reserve to buy long-dated U.S. Treasuries, reviving … Continue reading →

FINANCIAL POST by Paul Lauener and Jan Harvey, Reuters  Published: Thursday, March 19, 2009 LONDON — Gold rose on Thursday as the dollar resumed its decline, boosting bullion’s appeal as a currency hedge, after the Federal Reserve unveiled plans to spend … Continue reading →

Dow 5000? There’s a Case for It Strategists Still See Rally, but Earnings Point to 1995 Levels for Stocks By Annelena Lobb Just how low can stocks go? Despite Friday’s small gain, the Dow Jones Industrial Average marked its fourth … Continue reading →

By Alison Vekshin March 4 (Bloomberg) — Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures, as she responded to an … Continue reading →