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Future Fund loses $752m in value in financial crash

posted by mags23 1314 days ago in AUD made popular 1313 days ago

THE global financial crash cost taxpayers $752 million in the three months to September 30, cutting the value of assets held in the federal Future Fund.

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Dollar Rises Versus Euro as Bernanke Endorses More Stimulus

posted by milkyway 1314 days ago in USD, EUR made popular 1314 days ago

The dollar rose against the euro for a fourth day as Federal Reserve Chairman Ben S. Bernanke endorsed additional fiscal stimulus.

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Canada Morning: C$ Flat In Directionless Dealings

posted by keiragabe 1317 days ago in CAD made popular 1314 days ago

The Canadian dollar is little-changed early Friday, with downside risks still largely intact but also with signs of more settled trading patterns beginning to emerge ahead of some key statements by the Bank of Canada next week.

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Nikkei climbs 2.8 pct but economy worry still strong

posted by czarinacleopatra 1317 days ago in JPY made popular 1314 days ago

Japan's Nikkei share average gained 2.8 percent on Friday, a day after its biggest one-day loss since the 1987 crash, but worries about the economy limited gains in Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) and other exporters.

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US shoppers to constrain holiday spending--NRF

posted by skushno 1319 days ago in Consumer made popular 1319 days ago

NEW YORK, Oct 16 (Reuters) - U.S. shoppers will spend more on holiday-related purchases this year, but that spending will increase by the lowest level in at least six years, according to a survey released by an industry trade group on Thursday.

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A deficit of options on financial crisis

posted by keiragabe 1319 days ago in CAD made popular 1319 days ago

Canadian politicians are frequently inspired by Australia, in part because the two countries' economies are similar. But Australia's handling of the global financial crisis offers a cautionary tale for Canada's next government.

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Canada's PM releases new economic plan

posted by keiragabe 1319 days ago in CAD made popular 1319 days ago

Canadian Prime Minister Stephen Harper sought to show he would make Canada's financial health a priority and released an economic plan a day after his Conservative Party won re-election but fell short of a Parliamentary majority.

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Canadians withdraw $4.5 billion from funds in September

posted by keiragabe 1319 days ago in CAD made popular 1319 days ago

All major asset classes of mutual funds experienced net redemptions in September as investors reacted to the global stock-market crash, according to final sales data released on Oct. 15 by the Investment Funds Institute of Canada.

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Japan's current account surplus shrinks 52.5%

posted by skushno 1319 days ago in JPY, Fundamental made popular 1319 days ago

The current account surplus, the broadest gauge of Japan's trade with the rest of the world, amounted to ¥988.8 billion in August, the Finance Ministry said in a preliminary report.
The balance of trade in goods and services posted a deficit of

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Economic Fears Reignite Market Slump

posted by skushno 1319 days ago in Fundamental made popular 1319 days ago

Fears of a deep recession sparked the worst drop in the Dow Jones Industrial Average in 21 years, as retail sales tumbled, demand for commodities sank and bank earnings fell.
The latest data suggest the U.S. economy is poised to fall into its de

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Surge in UK unemployment stokes fears of recession

posted by sassygirl 1319 days ago in GBP made popular 1319 days ago

A sharp rise in unemployment provided further evidence yesterday that the UK is on the brink of a deep recession.

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UK unemployment soaring

posted by sassygirl 1319 days ago in GBP made popular 1319 days ago

Unemployment levels are rising fast in the UK, with a 164,000 increase this month to 1.79 million.

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