Warren Buffett has already told the world what he’s doing in this frightful market. The Oracle of Omaha proudly proclaimed that he’s “been buying American stocks” with his personal funds.
Archive for November, 2008
Islamic Finance Looks Promising
With the current world turmoil on equity, commodity, forex (foreign exchange) and structured instruments where most of the products that introduced to investors fail, Islamic Finance looks promising where these products are based on Islamic study and practices in most of the Muslim world.
WASHINGTON – President-elect Obama plans to use his executive powers to make an immediate impact when he takes office, perhaps reversing Bush administration policies on stem cell research and domestic drilling for oil and natural gas.
Rates cut to 5.25%
November 4, 2008 – 2:38PM
UPDATE The Reserve Bank of Australia has cut its key interest rate more than expected as it attempts to prevent Australia’s economy stalling.
The Reserve Bank of Australia rate decision will set the stage this week as Governor Glenn Stevens is anticipated to lower the benchmark interest rate by 50bp to 5.50% ahead of the ECB and BoE policy meeting on Thursday. The central bank is expected to ease policy for the third consecutive meeting as fears of a global recession continues to pose a threat to the $1T economy.
















