The Canadian Press: Loonie closes above parity for the first time in nearly 31 years

The Canadian Press: Loonie closes above parity for the first time in nearly 31 years: "TORONTO - The loonie rose sharply and held onto its gains on Friday, ending the trading day above the U.S. dollar for the first time in nearly 31 years. The Canadian dollar finished up two-thirds of a cent at 100.52 cents US continuing its spectacular tear and marking the highest close since Nov. 25, 1976."

Premier Says France Bankrupt - Forbes.com

Premier Says France Bankrupt - Forbes.com: "PARIS - France is bankrupt because of chronic budget deficits, the country's prime minister said Friday, pledging to balance the budget before the end of his term."

Greenspan: Euro Gains As Reserve Choice: Financial News - Yahoo! Finance

Greenspan: Euro Gains As Reserve Choice: Financial News - Yahoo! Finance

Fears grow for British economy as panic over Northern Rock spreads | Business | The Observer

Fears grow for British economy as panic over Northern Rock spreads | Business | The Observer: "Experts warn that a decade-long borrowing binge has left Britain dangerously exposed to the fallout from the global liquidity crisis "

FT.com / World - Greenspan alert on US house prices

FT.com / World - Greenspan alert on US house prices: "US house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market. In an interview ahead of the release on Monday of his widely-anticipated memoirs, the former chairman of the Federal Reserve said the decline in house prices “is going to be larger than most people expect”."

Jumpy customers besiege crisis-hit British bank - Yahoo! News

Jumpy customers besiege crisis-hit British bank - Yahoo! News: "LONDON (Reuters) - Thousands of nervous customers queued for hours outside branches of British bank Northern Rock on Saturday desperate to withdraw savings after it was forced to seek emergency funds to weather the global credit crunch."

China may lead US economy to collapse dumping US dollar - Pravda.Ru

China may lead US economy to collapse dumping US dollar - Pravda.Ru: "The Telegraph reported that, according to Redeker, the numbers demonstrate “that world central banks are in a hurry to get out of the U.S.”"

Run on the bank - Times Online

Run on the bank - Times Online: "The jitters plaguing financial markets spread to the high street for the first time yesterday as thousands of panicking savers queued to withdraw millions of pounds from Northern Rock, Britain’s eighth-biggest bank."

Is China quietly dumping US Treasuries? - Telegraph

Is China quietly dumping US Treasuries? - Telegraph: "A sharp drop in foreign holdings of US Treasury bonds over the last five weeks has raised concerns that China is quietly withdrawing its funds from the United States, leaving the dollar increasingly vulnerable. Data released by the New York Federal Reserve shows that foreign central banks have cut their stash of US Treasuries by $48bn since late July, with falls of $32bn in the last two weeks alone."

Kitco - Commentaries - Scott Wright

Kitco - Commentaries - Scott Wright: "While gold has weathered this recent stock-market maelstrom rather well, silver’s erratic behavior has prompted a number of its long-faithful investors to question its steadfastness. Frankly I was shocked to see some of the wild commentary and distraught inquiries into the supposed perils of this white metal. Let’s take a look at what this fuss is all about."

Barclays admits borrowing hundreds of millions at Bank's emergency rate | | Guardian Unlimited Business

Barclays admits borrowing hundreds of millions at Bank's emergency rate | | Guardian Unlimited Business: "Barclays has been forced to borrow hundreds of millions of pounds from the Bank of England's emergency lending facility for the second time in a fortnight, it was revealed last night. In a hurried and emotive statement after London's markets had closed, Barclays attempted to calm fears that it faces a cash crisis. Rumours had circulated all day that Barclays was forced to go to the Bank of England after the central bank said it had lent �1.6bn at its penal rate of 6.75%. It is thought that Barclays borrowed the entire amount."