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Daily Dispatches
China to use another $20 billion to buy influence in Africa
Submitted by cpowell on Thu, 2007-05-17 20:30 Section: Daily DispatchesChina Pledges $20 Billion for Africa
By William Wallis
Financial Times, London
Thursday, May 17, 2007
http://www.ft.com/cms/s/a94d5e86-04a1-11dc-80ed-000b5df10621.html
SHANGHAI -- China intends to provide about $20 billion in infrastructure and trade financing to Africa during the next three years, eclipsing many of the continent's traditional big donors by a single pledge.
Exchange-traded funds are great tools for short-sellers
Submitted by cpowell on Thu, 2007-05-17 15:49 Section: Daily DispatchesETFs Offer Advantage
for Short Positions;
'Uptick' Rule Not Applied
By Ian Salisbury
Dow Jones Newswires
via National Post (Financial Post), Toronto
Monday, May 14, 2007
NEW YORK -- Exchange-traded funds are known for their ability to accommodate short sellers -- but with some ETFs short selling may be the chief reason for investors' interest.
Spain risks crisis over vanishing FX and gold reserves
Submitted by cpowell on Thu, 2007-05-17 00:31 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, May 16, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/16/cnspai...
Spain's foreign reserves have plummeted to wafer-thin levels, leaving the country exposed to a possible banking crisis if the property market swings from boom to bust -- despite membership in the eurozone.
Central bank dishoarding strains to meet industrial demand for gold
Submitted by cpowell on Thu, 2007-05-17 00:04 Section: Daily DispatchesGold Glows on Back
of Clean-Air Movement
By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 17, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/17/cngold...
GoldSeek radio's Gold Manhattan Project
Submitted by cpowell on Tue, 2007-05-15 22:33 Section: Daily Dispatches10:35p ET Tuesday, May 15, 2007
Dear Friend of GATA and Gold:
Greenspan first cringed at Rubin's 'strong dollar' slop but grew to love it
Submitted by cpowell on Tue, 2007-05-15 22:17 Section: Daily DispatchesFrom Dow Jones Newswires
via CNNMoney.com
Tuesday, May 15, 2007
http://money.cnn.com/2007/05/15/news/economy/s_dollar.dj/index.htm?secti...
John Crudele: No freedom of info on Plunge Protection Team
Submitted by cpowell on Tue, 2007-05-15 22:03 Section: Daily DispatchesBy John Crudele
New York Post
Tuesday, May 15, 2007
http://www.nypost.com/seven/05152007/business/no_freedom_of_info_on_plun...
Leave hedge funds alone, Fed chairman says
Submitted by cpowell on Tue, 2007-05-15 08:50 Section: Daily DispatchesAt least until they crash -- then bail their big creditors out?
* * *
Market Principles Should Top New Rules, Bernanke Says
From Reuters
Tuesday, May 15, 2007
http://www.reuters.com/article/governmentFilingsNews/idUSN1538553520070515
Central bankers fear the monsters they created -- hedge funds
Submitted by cpowell on Mon, 2007-05-14 21:03 Section: Daily DispatchesThe Secret World of Hedge Funds
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, May 14, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/14/ccview...
Visiting London, IMF director threatens gold market again
Submitted by cpowell on Mon, 2007-05-14 20:50 Section: Daily DispatchesIMF Still Eyeing
Gold Sales
to Fill Income Gap
From Reuters
Monday, May 14, 2007
http://www.reuters.com/article/bondsNews/idUSN1430025920070514
LONDON -- The International Monetary Fund is still considering whether to sell 400 tons of its gold stocks to help plug a widening income shortfall, the head of the global lender, Rodrigo Rato, said on Monday.