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Forex: Oil Drops Below $77 On Stronger Dollar, Demand Worries
11/20/09 04:12 pm
(RTTNews) - Crude oil continued to decline on Friday on demand concerns and finished below $77 per barrel. Light sweet crude for December dropped to $76.72, down 74 cents on the session. Prices hit as low as $7... Full Story »

Political: Senate Ethics Committee Admonishes Burris But Finds No Legal Wrongdoing
11/20/09 03:49 pm
(RTTNews) - The Senate Ethics Committee sent a letter to Senator Roland Burris, D-Ill., on Friday, admonishing him for "actions and statements reflecting unfavorably upon the Senate." Burris was selected by form... Full Story »

Metals: Gold Prices Finish Slightly Higher
11/20/09 03:39 pm
(RTTNews) - Gold turned modestly higher on Friday, gaining for a sixth straight session, as the U.S. dollar gave back some gains versus the euro. December gold rose to $1,146.80, up $4.90 on the session. The m... Full Story »

Political: Senate Democrats Fault GOP For Failing To Advance Alternative Health Reforms
11/20/09 03:30 pm
(RTTNews) - In advance of a crucial vote Saturday, leading Senate Democrats criticized their Republican opponents for seeking to stop health reform efforts without advancing an alternative. The Senate will vote ... Full Story »

Political: Sen. Nelson Says He Will Vote To Proceed With Debate On Health Care Bill
11/20/09 03:24 pm
(RTTNews) - Senator Ben Nelson, D-Neb., announced Friday that he will vote for the motion to proceed to debate on health care reform on the Senate floor. "This weekend, I will vote for the motion to proceed to b... Full Story »

Political: Sen. Gregg Calls Ron Paul's Fed Audit Amendment "Political Pandering"
11/20/09 02:44 pm
(RTTNews) - Senator Judd Gregg, R-N.H., released a statement Friday in which he called an amendment by Representative Ron Paul, R-Texas, to institute new Congressional oversight powers of the Federal Reserve "political ... Full Story »

Political: Feingold Critical Of FEC's Decision To Revise Rules On Campaign Travel
11/20/09 02:19 pm
(RTTNews) - Senator Russ Feingold, D-Wis., released a statement Friday highly critical of the Federal Election Commission's decision to revise rules concerning campaign travel on non-commercial aircraft. On Thur... Full Story »

Political: Republicans Voice Concern Over Napolitano's Remarks On Immigration
11/20/09 01:46 pm
(RTTNews) - Utah Republican Senator Orrin Hatch, along with 11 Republican colleagues, voiced their concerns Friday over remarks Homeland Security Secretary Janet Napolitano made last week concerning immigration. Full Story »

Forex: Euro Drops Versus Major Rivals As Stocks Fall
11/20/09 01:04 pm
(RTTNews) - The euro saw weakness versus major rivals on Friday in New York as weaker global stocks dragged down risk appeal. Traders also muled over comments from European Central Bank members. ECB President J... Full Story »

Political: Sen. Levin Introduces Resolution Condemning Iran For Human Rights Violations
11/20/09 12:14 pm
(RTTNews) - Senator Carl Levin, D-Mich., introduced a Senate resolution Thursday night condemning Iran's human rights record, calling for an immediate release of those wrongly imprisoned, and urging the restoration of m... Full Story »

Political: House Passes Bill To Stop Reduction In Medicare Payments To Doctors
11/20/09 11:17 am
(RTTNews) - The House voted Thursday to approve a physician repayment bill to permanently fix the way doctors who cover Medicare patients are reimbursed. The Medicare Physician Payment Reform Act was passed by a... Full Story »

Political: Ron Paul's Fed Audit Proposal Passes Financial Services Committee
11/20/09 10:25 am
(RTTNews) - The U.S. House Financial Services Committee added a provision to a financial system reform bill late Thursday night that could potentially give Congress the right to order the Government Accountability Offic... Full Story »

Financial: ECB Amends Rating Requirements For ABS To Be Eligible As Collateral
11/20/09 09:47 am
(RTTNews) - Friday, the European Central Bank's Governing Council decided to amend the rating requirements for asset-backed securities to be eligible for use in Eurosystem credit operations. According to an ECB... Full Story »

Financial: Thai Exports Decline At Slower Pace In October
11/20/09 09:40 am
(RTTNews) - Thailand's exports dropped 3% year-on-year to US$14.8 billion in October, compared to the 8.5% fall in the previous month, a report from the Commerce Ministry showed on Friday. Economists expected a decline ... Full Story »

Financial: German FinMin: Crisis Not Over
11/20/09 09:32 am
(RTTNews) - Friday, German Finance Minister Wolfgang Schaeuble said it would be premature to say that the economy has overcome the crisis, hence, it would be too early to remove stimulus measures now. "It's too... Full Story »

Financial: Belgium Nov. Consumer Confidence Improves
11/20/09 09:18 am
(RTTNews) - Friday, he National Bank of Belgium said in a report that the consumer confidence indicator stood at minus 10 in November, up from minus 12 in October. A year ago, the index was minus 22. The measure... Full Story »

News: Trichet Reiterates Gradual Exit; Says Premature To Declare Crisis Over
11/20/09 09:17 am
(RTTNews) - It is too early to declare that the global crisis is over and the current non-standard monetary policy measures will have to be progressively phased out, European Central Bank President Jean-Claude Trichet ... Full Story »

Financial: Poland Core Inflation Stable In October
11/20/09 08:36 am
(RTTNews) - Friday, the National Bank of Poland announced that the core annual inflation stood at 2.9% in October, at a same pace as in September. This was the fourth consecutive month of stable inflation, after a 2.7% ... Full Story »

Financial: Portugal Producer Prices Decline In October
11/20/09 08:20 am
(RTTNews) - Friday, the Statistics Portugal announced that the producer price index or PPI dropped 4.2% year-on-year in October, compared to the 5.2% fall in the previous month. A year ago, producer prices were up 4.8%.... Full Story »

Forex: Dollar Hits 2-Week Highs Versus Most Majors
11/20/09 08:18 am
(RTTNews) - The dollar took back more of its recent losses versus other majors Friday morning as global stocks continued to pull back, fueling renewed risk aversion. With the economic recovery fragile everywh... Full Story »
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