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added: 25-09-2008

The Reserve Bank of Australia has moved to try and solve a shortage of US dollars in the Asian area by joining a swap arrangement involving the US Federal Reserve.

Global Stock Markets: Warren Buffet To The Rescue

added: 25-09-2008

Australian financial stocks took heart from the move by US investment legend, Warren Buffet to $US5 billion ($A6 billion) in newly created commercial bank, Goldman Sachs Group and to take options to put in a further $US5 billion over the next year.

Australia's Big Four Banks Are Well Capitalised

added: 25-09-2008

The strength of Australia's banks, especially the big four, is better than first seems, judging by comments in the International Monetary Fund's latest report on the Australian economy.

Abraham Energy Report: Oil Trade Between $95 and $115 in 4Q

added: 25-09-2008

A special Web-only bulletin from the Abraham Energy Report advises that "oil prices appear to have overshot the level that could be sustained by the market this summer" and that "nothing significant will happen until after the Presidential election," with prices likely to trade "in the $95 to $115 per barrel range" in the last quarter of 2008.

Raising Food Price Spikes Investment on Agriculture

added: 25-09-2008

Latest news from tootoo.com on food price and global investment in agriculture reports that representatives in the world food organizations pointed out at the world agriculture investment conference on July 9 that, "Raising food price will bring a new wave of investment in agriculture, mainly in east Europe, African countries, and Brazil which has vast virgin ground."

Existing-Home Sales Slide on Tight Mortgage Availability

added: 25-09-2008

Existing-home sales were down in August following a healthy gain in July as tight mortgage credit curtailed activity, according to the National Association of Realtors(R). Sales rose in the Midwest and South but fell in the Northeast and West.

Daytime Running Lights for All New Vehicles from 2011 to Increase Road Safety

added: 25-09-2008

To increase road safety, the European Commission has decided to introduce dedicated Daytime Running Light (DRL) on all new types of motor vehicles from the year 2011 onwards. Dedicated Daytime Running Lights are special lamps which are automatically switched on when the engine is started.

EC: Putting Europe High on the Global Map of Science and Technology

added: 25-09-2008

The European Commission called on governments to jointly develop a strategy for international cooperation in science and technology. It proposed a strategic framework for jointly strengthening science and technology cooperation with non-EU countries, notably in the field of Information and Communication Technologies where Europe is a strong exporter.

Federal Energy Incentives Have Chiefly Benefited Oil, Natural Gas Industries

added: 25-09-2008

The main beneficiaries of more than $700 billion of federal energy incentives over the past five decades have been the oil and natural gas industries, a new study reveals.

2008 Corruption Perceptions Index

added: 24-09-2008

Although the European Union and other Western European countries rank at the top of Transparency International’s (TI) 2008 Corruption Perceptions Index (CPI), this year’s results show that there is no corruption-free zone in and around the EU.

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