Monthly Archives: June 2009

June 23 (Bloomberg) — Bank of Canada Governor Mark Carney said his country’s recession is now as deep as in the U.S., according to a person who heard his remarks today in Washington. Carney, 44, spoke at the Woodrow Wilson … Continue reading →

By Joe McDonald, AP Business Writer On Monday June 22, 2009, 6:36 am EDT BEIJING (AP) — The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning that a … Continue reading →

By Halia Pavliva and Nicholas Larkin June 19, 2009 (Bloomberg) — Gold rose in New York as the dollar weakened, boosting demand for precious metals as alternative investments. The U.S. Dollar Index, a six-currency gauge of the greenback’s value, fell … Continue reading →

June 17, 2009Tony Halpin in Yekaterinburg With public hugs and backslaps among its leaders, a new political bloc was formed yesterday to challenge the global dominance of the United States. The first summit of heads of state of the BRIC … Continue reading →

By JIM ABRAMS, Associated Press Writer Jim Abrams, Associated Press Writer Tue Jun 16, 7:08 pm ET WASHINGTON – War-funding legislation survived a fierce partisan battle in the House on Tuesday, a major step in providing commanders in Iraq and Afghanistan the money they … Continue reading →

INTERNATIONAL. Central banks may be justified in increasing their gold holdings to 40%-50% of their reserves, a senior executive of the industry-funded World Gold Council said on Thursday. ‘Central banks are justified in having high gold weightings. They are justified … Continue reading →

By Andrew Frye June 1 (Bloomberg) — Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company’s 152-year history to hedge against further asset declines. “Gold just seems … Continue reading →

BLOOMBERG ARTICLE By Claudia Carpenter June 4 Berkshire Hathaway Inc. Chairman Warren Buffett is getting his “comeuppance” after rejecting gold as an investment four years ago, according to Marc Westlake, head of wealth management at Dublin-based bullion brokerage Gold &  … Continue reading →

Krugman Says No Signs of ‘V-Shaped’ Economic Recovery By Dara Doyle and Louisa Nesbitt June 5 (Bloomberg) — Nobel Prize-winning economist Paul Krugman said the world’s economy is showing “not a hint” of a “V-shaped” recovery marked by a swift … Continue reading →

The metal gains ground as the dollar slumps and investors bet inflation will rebound. Analysts see $1,000 an ounce on the horizon. By Ben Rooney, CNNMoney.com staff writer Last Updated: June 4, 2009: 4:02 PM ET NEW YORK (CNNMoney.com) — … Continue reading →