China ready to end dollar peg

telegraph.co.uk : The head of China’s central bank has given the strongest signal yet that the country will move away from pegging its currency to the dollar, but he said any changes would be gradual.

Thoughts From Buffet

Chris Wood : The crisis is going to happen first in Europe, the US will be the endgame.

Warren Buffet's Annual letter to shareholders

The Greatest Investor of all time finally speaks,in his annual letter to Berkshire share holders... Read the letter here.

No German rescue plan for debt-ridden Greece says Merkel

Chancellor Angela Merkel Sunday dismissed talk of a German rescue plan for Greece's ailing economy, as Athens braced for an EU audit that could usher in new austerity cuts to tackle its massive debt crisis.

Greek bond prices rallied this week on a report that Europe's top economy was considering coming to the aid of debt-burdened Greece, as Prime Minister George Papandreou prepares to hold talks with Merkel in Berlin on Friday.

But the German chancellor denied any such plan was in the works, saying "there is absolutely no question of it".


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California is a greater risk than Greece, warns JP Morgan chief

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes. 

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