World-News

A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.

http://snipurl.com/kblp2



Russia's Medvedev: Supranational currency will be created

"We are likely to witness the creation of a supranational ´ ... which will be used for international settlements," Medvedev told a new conference. "Although volumes will be limited.

http://www.reuters.com/article/usDollarRpt/idUSLG42629320090616



Medvedev calls for new reserve currencies

Medvedev has made the proposal before. It reflects both the Kremlin's push for greater international clout and a concern shared by other countries that soaring U.S. budget deficits could spur inflation and weaken the dollar.

http://news.yahoo.com/s/ap/20090616/ap_on_re_eu/eu_russia_summit_talks_7


From Information Clearing House



http://freepage.twoday.net/search?q=US+bonds
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http://freepage.twoday.net/search?q=reserve+currency
http://freepage.twoday.net/search?q=budget+deficit
http://freepage.twoday.net/search?q=weak+dollar
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