FreshPips.com / User / babyblue / Voted

NZD: Manufacturers want rate cut to 2.5pc

posted by andes 1174 days ago in NZD, Fundamental, Manufacturing made popular 1174 days ago

Manufacturers are calling for the Reserve Bank to cut the official cash rate by 100 basis points to give support to firms having to cut staff numbers as demand for their products dries up.

Discuss

US: Global recession could last til end 2010 or longer

posted by aranel 1176 days ago in USD, Fundamental, Housing

The US professor nicknamed "Dr. Doom" for forecasting the financial crisis has said the global recession will last all of this year and probably next, India's Mail Today reported Saturday.

Discuss

US jobless rate touch 25-yr high

posted by andes 1176 days ago in USD, Fundamental, Employment made popular 1176 days ago

The United States saw a staggering 6,51,000 job losses in February, pushing the unemployment rate to a 25-year-high of 8.1 per cent, as the nation continued to grapple with a deepening recession.

Discuss

Gold rises after jobs data but retracement possible

posted by megumi 1176 days ago in Gold, Employment

Gold ended higher on Friday as stock markets reversed initial gains to fall back into the red, but trade was choppy in the wake of payrolls data showing the U.S. economy shed more than half a million jobs in February.

1 Comment

Slump causes more pain to UK mortgages

posted by sora 1176 days ago in Housing made popular 1176 days ago

A shrinking economy and rising unemployment are set to cause more pain for the high-risk residential mortgage market in Britain, Moody’s Investors Service said yesterday.

Discuss

On a well-trodden path to recession

posted by yen2yen 1176 days ago in AUD, Special, GDP made popular 1176 days ago

IS Australia the next Ireland? That is the confronting headline on a discussion at the back of a meaty research note released this week by Citigroup Global Markets.

Discuss

Auto restructuring essential

posted by Alex 1176 days ago in Special, Manufacturing made popular 1176 days ago

On Thursday, GM's auditors raised "substantial doubt" about the troubled automaker's ability to continue operations and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.

Discuss

Unemployment Hits 8.1%

posted by banker 1176 days ago in Fundamental, Daily, Employment made popular 1176 days ago

The unemployment number hit 8.1% yesterday and economist predict that the number will only head higher.

Discuss

Japanese workers demand pay rise amid recession

posted by sassygirl 1177 days ago in JPY, Fundamental made popular 1177 days ago

Thousands of workers rallied at a Tokyo park on Saturday, demanding companies keep jobs and increase salaries to stimulate recovery from a deepening recession.

Discuss

BOJ may have to buy more debt: Yamaguchi

posted by juanpablo 1177 days ago in JPY, GDP made popular 1176 days ago

The Bank of Japan may need to expand its purchases of corporate debt to prevent a credit shortage from worsening the recession, BOJ Deputy Gov. Hirohide Yamaguchi said. "We can't deny corporate financing will become even more difficult" toward th

Discuss

US: Consumer borrowing rose unexpectedly in January

posted by ananais 1177 days ago in USD, Consumer made popular 1177 days ago

Consumer borrowing rose unexpectedly in January after three months of declines, but the small increase did not shake economists' views that borrowing will remain weak this year as mass layoffs persist amid the recession. The Federal Reserve said

Discuss

U.S. Dollar slips vs. most rivals, but gains for week

posted by fahrell 1177 days ago in USD made popular 1177 days ago

The U.S. dollar lost ground against most major rivals Friday, after a mixed market reaction to a Labor Department report showing deep U.S. job losses weren't as bad as some investors' worst fears.

Discuss