Monthly Archives: May 2012

Forget Greece, China biggest risk to global economy : Faber

Forget Greece, which is an “insignificant” economy, it is China that poses the biggest risk to the global economy, Marc Faber the editor and publisher of the Gloom, Boom and Doom report told CNBC on Friday. http://www.cnbc.com/id/47472497

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Wall Street goes bearish on US Stocks

Wall Street strategists are expressing their most bearish views on US equities in nearly three years as investor worries mount over the threat of a eurozone break-up and the outlook for the global economy. http://www.ft.com/intl/cms/s/0/95eb536a-9f61-11e1-a255-00144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_equities%2Ffeed%2F%2Fproduct#axzz1v70c3Hnu

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Ken Henry has no confidence in Eurozone survival

THE former Treasury secretary Ken Henry says the eurozone is highly unlikely to  survive, and he has never believed the troubled currency union would work. Read more: http://www.smh.com.au/business/eurozone-will-not-survive-says-henry-20120515-1yp4w.html#ixzz1uyFJygBV

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Euro to be pegged to dollar at parity ?

The situation in the euro zone has become so bleak that it is giving rise to the most improbable rumours. The latest to make the rounds of European hedge fund managers suggests that the euro will be tied to the … Continue reading

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HMRC breaks silence over Guernsey Qrops

HM Revenue & Customs has at last broken its silence on its unexpected decision last month to remove all but three Guernsey QROPS from its list of registered schemes http://www.international-adviser.com/news/retirement/hmrc-breaks-silence-on-310-axed-qrops

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Dow hits 4 year high

Stocks advanced, sending the Dow Jones Industrial Average to the highest level since 2007, and Treasuries fell as faster growth in U.S. manufacturing fueled optimism in the world’s biggest economy. Oil surged above $106 http://www.bloomberg.com/news/2012-05-01/aussie-falls-as-yields-hit-record-low-japan-stocks-drop.html

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