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Iceland at the brink of failure
Iceland’s economic meltdown, fueled by its exposure to foreign debt, could bring the country to the brink of failure, according to research from Hennessee Group.
European economy unlikely to experience quick rebound
The outlook for a quick rebound in the European economy is weak.
Assets in Shariah-compliant funds fall
Mutual funds and discretionary assets that comply with Shariah, or Islamic law, fell to $65 billion at the end of the third quarter.
Global institutional investors take heart
Confidence among global institutional investors rose this month, but was weak on the home front, according to a survey.
Brawny euro’s interest rate holds steady
The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.
The new China syndrome is soaring stock prices
Recent recalls of Chinese products, including poisonous pet food and toys coated in lead paint, are having little effect on red-hot Chinese stocks.