Daily Dispatches

NYPost prods Treasury for answers on government's rigging stock market

Submitted by cpowell on Thu, 2007-05-17 20:52 Section: Daily Dispatches

Maybe This Will Help Treasury Move Faster

By John Crudele
New York Post
Thursday, May 17, 2007

http://www.nypost.com/seven/05172007/business/maybe_this_will_help_treas...

We'd love to help the U.S. Treasury comply with our request for information about the Working Group on Financial Markets.

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China reluctant to turn its markets over to MorganChase, Goldman Sachs

Submitted by cpowell on Thu, 2007-05-17 20:39 Section: Daily Dispatches

China Resists Pressure from U.S. Brokers

By Richard McGregor and Sundeep Tucker
Financial Times, London
Thursday, May 17, 2007

http://www.ft.com/cms/s/5699a190-0497-11dc-80ed-000b5df10621.html

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China to use another $20 billion to buy influence in Africa

Submitted by cpowell on Thu, 2007-05-17 20:30 Section: Daily Dispatches

China Pledges $20 Billion for Africa

By William Wallis
Financial Times, London
Thursday, May 17, 2007

http://www.ft.com/cms/s/a94d5e86-04a1-11dc-80ed-000b5df10621.html

SHANGHAI -- China intends to provide about $20 billion in infrastructure and trade financing to Africa during the next three years, eclipsing many of the continent's traditional big donors by a single pledge.

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Exchange-traded funds are great tools for short-sellers

Submitted by cpowell on Thu, 2007-05-17 15:49 Section: Daily Dispatches

ETFs Offer Advantage
for Short Positions;
'Uptick' Rule Not Applied

By Ian Salisbury
Dow Jones Newswires
via National Post (Financial Post), Toronto
Monday, May 14, 2007

NEW YORK -- Exchange-traded funds are known for their ability to accommodate short sellers -- but with some ETFs short selling may be the chief reason for investors' interest.

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Spain risks crisis over vanishing FX and gold reserves

Submitted by cpowell on Thu, 2007-05-17 00:31 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, May 16, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/16/cnspai...

Spain's foreign reserves have plummeted to wafer-thin levels, leaving the country exposed to a possible banking crisis if the property market swings from boom to bust -- despite membership in the eurozone.