Ken Johnstone

Euro-Crisis Deepening As US Sends Envoy

December 1, 2010
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Global concern about the euro zone debt crisis deepened today, as Washington sent a top U.S. Treasury envoy to Europe. G20 officials arranged a conference call to discuss the growing storm. Yesterday, investors had pushed risk premiums on Spanish and Italian government debt to record highs. However today, the bond spreads of Europe’s most southerly [...]

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Google To Buy Groupon To Dominate Local Business Markets?

November 30, 2010
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Yesterday, sources “close to Google” reported that the search engine giant was about to close a deal worth around $6 billion to buy Groupon, the pioneering online discounter. It’s not necessarily in the bag yet, but could be finalized within the week. This would be a landmark acquisition for Google – its biggest beachhead into [...]

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Black Friday Retailers Pull Back on Discounts

November 28, 2010
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The holiday shopping season kicked off to a strong start on Black Friday, with steep discounts, and “buy one, get two free” deals. Frenzied shoppers fought each other to secure  the best bargains. But Saturday saw some return to calm, as the steepest discounts were replaced by less generous offers and shoppers’ exchanged their mad [...]

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North & South Korea Sabre Rattling Continues While China Intervenes

November 27, 2010
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China sent senior diplomatic officials to Seoul in a flurry of  activity yesterday aiming to ease tensions on the Korean peninsula. They met South Korea’s foreign minister, exploring ways to ease tensions over North Korea’s artillery shelling on its southern neighbor’s island. In a statement, the Chinese Foreign Ministry said that Chinese State Councillor Dai [...]

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Gold Price Sinks Amid Growing Uncertainty

November 27, 2010
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December Gold Price fell fast towards $1350 yesterday as Wall Street opened and the stock market rally built a head of steam, then closed just over $1362. Investors are increasingly concerned about the growing threat of war between North and South Korea, emerging market monetary policies getting tighter, and spreading sickness of sovereign debt crises [...]

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Spain & Portugal Next For Bank Bail Out?

November 27, 2010
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Concern grew yesterday that Spain and Portugal are about to be the latest candidates for a bank bail out in Europe. Spain’s largest bank, Banco Santander, fell 3.7% to 7.53 euros in Madrid, only 3.7% above its June 2010 low. Banco Bilbao Vizcaya Argentaria is Spain’s second-biggest lender and dropped 2.4 percent. Bankinter fell 2.2% [...]

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Apple MacBook – the “Future of Notebooks” Looks Bright?

November 26, 2010
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The “future of notebooks” is how Apple CEO Steve Jobs announced the new MacBook Air range, and only a month later, that future for Apple is already off to a good start. According to ChangeWave Research this week, Apple is seeing a surge of interest in its MacBooks, thanks to the two MacBook Air lines [...]

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