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EU Constructing EU130 Billion Growth Package, Germany Says

posted by xjessicax 10 hours ago in EUR, Fundamental made popular 3 hours ago

The European Commission is working with the 27 EU states on a 130 billion-euro ($164 billion) package to bolster the region's economy amid recession, according to German government officials.  read more

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Money Rates Decline in Europe on Cash Injections

posted by twilight 10 hours ago in EUR, Fundamental, Inflation made popular 3 hours ago

The cost of borrowing in dollars for three months in London fell for a second day on speculation central-bank cash injections and deeper interest-rate reductions will further thaw the freeze in lending.  read more

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Central Bank Tries to Determine Interest Rates as Far as it

posted by chloegurl 10 hours ago in Fundamental, Special, Inflation made popular 3 hours ago

Occasionally I hear the odd guest on CNBC or Bloomberg Radio who lays blame for the crisis in exactly the right place - the Federal Reserve System in the U.S....or central banking more broadly.  read more

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Gordon Brown steps forward for UK small businesses

posted by eriathwen 11 hours ago in GBP, Fundamental made popular 3 hours ago

Yet against Gordon Brown has been forced to remind the UK banking sector of its new obligations towards small businesses and finance.  read more

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Bank of England gets out machete

posted by ceronueve 10 hours ago in GBP, Fundamental, Inflation made popular 3 hours ago

The benchmark interest rate might have to be cut by more than 2 percentage points, the Bank of England said yesterday, after its forecasts pointed to a deepening recession.  read more

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Japan's `Least Ugly' Economy May Beat U.S., Europe in Crisis

posted by twilight 2 days ago in EUR, JPY, Fundamental made popular 4 hours ago

Japan's newly declared recession may be a chance to show that the world's second-largest economy can finally outperform the U.S. and Europe.  read more

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Inflation expected to be down in Canada, U.S.

posted by blitz 2 days ago in CAD, Fundamental, Inflation made popular 4 hours ago

At the end of the coming week, the Bank of Canada will get an idea of how low it can go with interest rate cuts to stimulate the domestic economy, with the release of the October inflation report, while economic reports earlier in the week will g  read more

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Economists say recession is here, and will last

posted by kulas 2 days ago in Fundamental, GDP made popular 4 hours ago

The global economy has plunged into a deep recession that may be longer than the average downturn, according to two surveys of U.S. economists that echo similar declarations from authorities in Europe and Japan.  read more