Word: dollarses
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Dates: during 1950-1959
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The chief pressures for revaluation do not come from inside West Germany, but from its European trade partners. They are worried because West Germany has lured so much investment capital away from the soft British pound and the French franc, captured many overseas customers that other European nations would like...
Last week a rubber-products company, a soft-drink bottling works and the national airline were shut down, bringing the strike total since last January to more than 175. Close to 5,000 employees of the government-owned telephone company voted to strike this week unless wages are boosted. Ranging...
Supply & Demand. Economists had a ready explanation for the demand for the Canadian dollar: heavy foreign investments in Canadian securities. But Canada's tight-money policies also figured in the climb. Last week the Royal Bank of Canada and the Bank of Montreal increased their prime rate-the interest...
As usual the Western Hemisphere attracted the most dollars-$1.8 billion-yet Europe got $500 million in new investments, will probably get more this year as U.S. companies hurry to build plants in expectation of a tariff-free Common European Market.
All told, U.S. holdings abroad stand second only to Britain's prewar peak. In terms of today's inflated dollars, Britain's investment of $21 billion in 1938 would be worth some $42 billion. But with foreign investments increasing at the rate of $4.4 billion this year...