The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate. By Ambrose Evans-Pritchard Published: 7:12PM GMT 15 Dec 2009 “The Gulf monetary union pact has come into effect,” [...]

Gordon G. Chang, 11.20.09, 12:01 AM ET “The continuous depreciation in the dollar and the U.S. government’s indication that, in order to resume growth and maintain public confidence, it basically won’t raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation,” said Liu Mingkang, China’s chief bank regulator, [...]

SAN FRANCISCO (MarketWatch) — Gold has long been favored by a fringe of the investment world, but this year some of the world’s leading hedge-fund managers have loaded up on the precious metal amid concern government efforts to avoid another Great Depression that could undermine major currencies and fuel rampant inflation. “I have never been [...]