“I am looking forward to my meeting with President Bush to discuss how we can work together to meet many of the great challenges we face.”

When Prime Minister Gordon Brown stepped into Tony Blair’s shoes a month ago, his government signaled that the relationship with the Bush administration would be different _ notably by appointing an outspoken critic of the Iraq war to his Cabinet.

On Sunday, Brown heads to Washington for a first face-to-face test of his relationship with President Bush, keen to smooth tensions over a perceived turn against the White House.

The trip is Brown’s first major overseas visit since he ended his 10-year wait to succeed Blair last month. Read more

Original post by The Associated Press

“It was like a vacuum. They just got sucked into each other, and they both exploded and pieces were flying everywhere.”

U.S. stocks will continue to fall next week, in continuation of a sell-off that saw the Dow Jones Industrial Average experience its worst week in over four years… More . via Earthlink

Original post by Earthlink

DailyFX Fundamentals 07-27-07 By Kathy Lien, Chief Strategist of DailyFX.com Why has the Dollar Strengthen as the Stock Market Falls? Reports of more subprime related losses have sent the markets tumbling once … via AME Info

Original post by AME Info

“No worthwhile pattern could be plotted as the market is now being moved by impulsive sentiments, especially of retail investors, since the results so far appear to have influenced them”

Qatari investors were net sellers as 75.92% of them sold shares and a lower 72.18% bought, while in the case of non-Qataris, 27.82% of them bought and 24.08% sold shares in the review week. via Gulf Times

Original post by Gulf Times

at 8am they can deal with banks in Tokyo, HongKong The foreign exchange market enables companies, fund or Singapore whose trading day is just ending. From managers and banks to buy and sell foreign currencies, if …

Original post by manung

“Given the long investment horizons and stable funding sources available to Fannie and Freddie, there is little reason to expect that they will realize these losses in the near term”

Price deterioration in subprime mortgages has resulted in approximately $4.7 billion of unrealized losses for mortgage finance giants Fannie Mae and Freddie Mac, according to report published by Citigroup. via Reuters

Original post by Reuters