We extend your Money Senses
By Simon Kennedy and Sandrine Rastello
Nov. 13 (Bloomberg) — European finance ministers pressed China to let its currency strengthen so their economy no longer bears the brunt of the drop in the U.S. dollar.
With the dollar plumbing record lows against the euro this month, the officials meeting yesterday in Brussels complained Europe’s economy is […]
RIO DE JANEIRO, Brazil (AP) — A huge offshore oil discovery could raise Brazil’s petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world’s major exporters, officials said.
The government-run oil company Petroleo Brasileiro SA, or Petrobras, said the new “ultra-deep” Tupi field could hold as much as 8 […]
By Christine Harper
Bloomberg — When Goldman Sachs Group Inc. employees cash their year-end checks, they’ll have enough money to buy Bear Stearns Cos.
Goldman, the biggest and most profitable U.S. securities firm, set aside $16.9 billion to pay salaries, benefits and bonuses in the first nine months of 2007, according to the company’s third-quarter earnings […]
By Scott Lanman
Bloomberg — Banks made it tougher for American businesses and consumers to borrow in the past three months and said demand for loans slackened, a Federal Reserve survey showed.
The changes were most pronounced in real estate, where half of U.S. banks had more-stringent requirements for commercial loans. For home mortgages, 60 percent […]
When you travel through the Gulf States, you quickly realize that not every part of the world has succumbed to the sub-prime crisis. The building booms in Dubai and Doha are truly remarkable. High-rise developments are sprouting up all over the place. Never before have I seen so many cranes crammed into such tiny spaces. […]
It can run for hours at 20 metres per minute without getting tired.It lives longer, has more sex, and eats more without gaining weight. Could the science that created this supermouse be applied to humans?
By Steve Connor, Science Editor
Scientists have been astounded by the creation of a genetically modified “supermouse” with extraordinary physical […]