MEXICO CITY, Oct. 15 (Xinhua) — The world financial crisis will hit all countries in Latin America and the Caribbean but more in Central America and Mexico due to their big dependency on the U.S. economy, an official of the Economic Commission for Latin America and the Caribbean (ECLAC) said on Wednesday.
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The Associated Press
OTTAWA: Canadian Prime Minister Stephen Harper sought to show he would make Canada’s financial health a priority and released an economic plan a day after his Conservative Party won re-election but fell short of a Parliamentary majority.
The results in Tuesday’s election indicated that Harper was hurt by a slow response to the global [...]
STOCKHOLM, US economist Paul Krugman, a prolific columnist and fierce critic of Washington’s economic policies, won the Nobel Economics Prize on Monday.
Mr Krugman, 55, a Princeton University professor, had formulated a new trade analysis theory which determined the effects of free trade and globalisation, as well as the driving forces behind worldwide urbanisation, the citation [...]
Financial results for small cap mining companies are usually a rather dull affair. However, in light of the current market conditions, and the restrained availability of financing options, the balance sheet of every PLC has never been more important.
Greatland Gold, a junior mineral exploration company with gold and nickel exploration projects in Tasmania and Australia, [...]
Political Economy dominated the financial markets last week. The failed first attempt for Congress to pass the Financial Bailout package on Monday sent the Dow Jones Average down 778 points, a loss of 7%. The S&P 500 and tech-dominated NASDAQ fared even worse, each dropping 9% on Monday. Gold shot up from a $739 low [...]
Gold and silver rallied Monday as the crisis on Wall Street worsened with gold up $21.70 to $782 and silver up 28 cents to $11.02. Gold fell slightly in Asian trading but has risen in early European trading to $780/oz.
Gold’s resilience is impressive considering the bloodbath seen in the oil pits where oil has fallen [...]
The recent pull down in the US major financial institutions has spurred investment in gold as a safer option. The gold price increased by over 2.3 percent or $17.40 to $780.85. Investment in silver also increased over anxiety of the US financial markets stabilising.
The crisis in US financial markets were fired up as Lehman Brothers, [...]
Toronto law firm Amsterdam & Peroff ) warns that Canadian corporations, like Magna International or Petro-Canada, that do business in Russia or with Russian entities are endangering their shareholders by so doing.
He argued, as I have, in favour of a ban preventing Russians from owning Canadian entities or assets until Moscow demonstrates that foreigners are [...]
The first step is to assess your investment needs: Are you investing simply to stay ahead of inflation? How much risk can you tolerate? Are you investing for your future retirement?
You should be dividing your savings into three pools: The first is cash that you may suddenly need, covering living expenses for three to six [...]
Two currencies that have been hit hard the past few weeks, the Australian dollar (AUD) and the New Zealand dollar (NZD), have key announcements coming out tomorrow. Everyone has been worried that the economies in both countries are starting to falter, and we’ll get a good confirmation of whether or not that is the case [...]