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Miesiąc: marzec 2011

Why Pimco cut its bond holdings

Why Pimco cut its bond holdings

When news broke that Pimco’s Total Return Fund had slashed its U.S. Treasury holdings to zero, investors were left wondering why the world’s biggest bond fund would bail out of the safe haven.

Geithner softens stance on yuan slightly

Geithner softens stance on yuan slightly

Treasury Secretary Tim Geithner once again criticized China for keeping its currency artificially low. But he also extended an olive branch that could allow China’s yuan to become even more influential in global trade.

BP shares slip amid talk of criminal charges

BP shares slip amid talk of criminal charges

Shares of BP sank more than 2% Tuesday after the stock was downgraded and a report that federal authorities are considering charging company managers with manslaughter in connection with last year’s disaster in the Gulf of Mexico.

Oil prices bounce back

Oil prices bounce back

Oil prices rose Tuesday, erasing earlier losses, as investors remain focused on geopolitical risks and the outlook for global energy demand.

Honk if you want to stop your VW Jetta

Honk if you want to stop your VW Jetta

Volkswagen of America is recalling about 71,000 of the German automaker’s new 2011 Jetta sedans for a wiring problem that could cause the car to turn off when the horn is used.

Nukes: Stop making it worse

Nukes: Stop making it worse

The disaster at Fukushima is raising antinuclear sentiment around the world. But can society afford to live without this carbon-free energy source? Six experts weigh in.

Japan earthquake could cost $309 billion

Japan earthquake could cost $309 billion

Japan’s devastating earthquake and tsunami could cost up to $309 billion, making it the most costly disaster in the country since the end of World War II, the Japanese government said Wednesday.

Wanted in Japan: A rebirth of innovation

Wanted in Japan: A rebirth of innovation

There is reason to believe that some kind of material good might eventually result from Japan’s disaster, and it’s confirmed by the way this thirty-something Japanese manager is responding to it: „I have been a 'risk-averse shosha-man [salary-man]’ for 14 years, but I decided to quit my big company job to start my new business this June,” he emailed six days after the earthquake. He had made the decision before the catastrophe (and doesn’t want to be identified because he…

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Asia’s nuclear tigers can’t stop building reactors

Asia’s nuclear tigers can’t stop building reactors

When night falls on the floating villages of the Mekong River in Southeast Asia, a faint light emits from inside hundreds of huts propped on stilts above the rivers surface. Though there is no electricity here, people watch television using power from a rechargeable car battery.

Japan’s quake will affect car prices

Japan’s quake will affect car prices

If you’re in the market for a new car, but especially if you’re looking at a fuel-efficient Japanese model, experts say you’re better off buying now because prices will only get higher in coming weeks as the effects of the earthquake in Japan and the unrest in Libya and the Middle East start to be felt.

Toyota, Sony keep Japan production curtailed

Toyota, Sony keep Japan production curtailed

Toyota Motor said Tuesday that it is extending a halt on full vehicle production in Japan through March 26 as it and other major manufacturers try to recover from the effects of this month’s earthquake.

Where in the world is cheap labor?

Where in the world is cheap labor?

Auret van Heerden is a former anti-apartheid activist who was tortured, imprisoned and ultimately exiled by the South African government. He’s now CEO of the Fair Labor Association (FLA), with offices in Washington, Geneva and Shanghai.

Japan’s quake will effect car prices

Japan’s quake will effect car prices

If you’re in the market for a new car, but especially if you’re looking at a fuel-efficient Japanese model, experts say you’re better off buying now because prices will only get higher in coming weeks as the effects of the earthquake in Japan and the unrest in Libya and the Middle East start to be felt.

Oil jumps $2 as Libya crisis escalates

Oil jumps $2 as Libya crisis escalates

Oil prices jumped more than $2 a barrel in electronic trading Sunday following escalating violence in Libya, where the military called for an immediate cease-fire after allied forces fired on Libyan defense sites.