Source Pravda.Ru

Euro Hits Lowest Vs. Dollar in 4 Years

The euro fell broadly on Monday, hitting its lowest in more than four years against the dollar on concerns about debt and fragile growth in the euro zone, exacerbated by worries about Hungary's fiscal situation.

Weaker-than-expected U.S. jobs data, mounting worries about the potential dent to euro zone growth from austerity measures in some countries and concerns Hungary may be the next Greece prompted investors to dump risky assets, Reuters says.

According to BusinessWeek, stocks fell in Europe and Asia, driving the MSCI World Index to near a nine-month low, and commodities dropped on concern the pace of the economic recovery is slowing. U.S. index futures and the euro pared losses.

The MSCI World Index of 24 developed nations’ stocks slid 1.2 percent at 10:26 a.m. in London. The MSCI Emerging Markets Index declined 2.5 percent, the most since May 25.

Copper fell as much as 3.3 percent to a seven-month low, while the euro weakened 0.2 percent to $1.1942, after dropping to $1.1877. Futures on the Standard & Poor’s 500 Index fell 0.4 percent, recovering from a decline of as much as 1.3 percent.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
North Korea is not a threat to the US
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Capitalism reduced Indonesian cities to infested carcases
Russian politician says Donald Trump extremely dangerous for Russia
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
American Bioweaponry
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Russia on the eve of another Crimea referendum
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Europeans say what puzzles them in Russia most
Russian man grows abnormally large biceps that he calls bazookas
Science and Technology. Consensus builders for the media instrument