Word: tradings
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...company. A special edition of the government gazette decreed that because of inefficiency and unacceptable losses, the state-run utility that provides power to 25 million people in the heart of Mexico had ceased to exist. Its 44,000 employees were immediately terminated, depriving the nation's oldest industrial trade union of its entire membership. The plants were kept running by federal electricity workers bused in to take over...
...million fewer Asians are living in poverty on incomes of less than $2 per day. On the surface, the region has much to celebrate on the long and arduous road to economic development. Many believe the Asia Century is now at hand. (Read "Fortress Asia: Is a Powerful New Trade Bloc Forming...
...warning of the precarious state of the Chinese economy, Wen was expressing concerns about the nation's very risky macro bet. With nearly 80% of its GDP going to exports and fixed investment, China had become overly reliant on cross-border trade and on the investments required to support the logistics and capacity of its increasingly powerful export machine. Not only has China slowed dramatically - with export growth turning sharply negative in late 2008 and industrial output growth slipping into the low single digits - but the rest of an increasingly China-centric Asian economy has been quick to follow...
...river's southern foreshore between Westminster and Wapping, the 51 licensed mudlarks are the only people allowed to excavate the historically rich north side of the river, which since A.D. 50 has provided docking points for Roman, Saxon, Viking and Norman occupiers and, more recently, for British trade boats and royal ships. (The south bank, Shakespeare's side, is notable for its abundance of brothel paraphernalia.) (See pictures of the treasure hoard found in Staffordshire...
...Australian dollar jumped 2.6% vs. the greenback after the rate hike was announced. The U.S. dollar also continued to fall against the euro, which ended the week at $1.47, up 1.2% from before the Australian move. Like the Japanese yen, the dollar has effectively become a carry-trade currency. People borrow in the U.S. currency and use the proceeds to buy the Australian dollar, profiting from the interest rate differential and also the greenback's downward spiral. (See pictures of TIME's Wall Street covers...