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Japan Business Spending Falls

posted by Avatar skushno 1358 days ago in Quarterly made popular 1356 days ago

TOKYO -- Japan's business spending fell for the fifth-consecutive quarter during the April-June period, while corporate sales and profits also tumbled, according to a government survey released Friday. read more
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Yen Posts Weekly Gains on U.S. Job Losses, Global Economic V

posted by Avatar halfwatertest 1358 days ago in Daily made popular 1355 days ago

The yen posted its biggest weekly
gain against the dollar since May and touched a one-year high
versus the euro after the U.S. lost jobs for an eighth month and
investors sold higher-yielding assets funded in Japan. read more
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Mitsubishi UFJ Financial Group Cutting Jobs in London

posted by Avatar skushno 1358 days ago in JPY, Employment, Manufacturing made popular 1356 days ago

"Earnings at the U.K. unit have been hurt as they've been affected by the subprime crisis," said Hiroshi Kutose, a spokesman in Tokyo for Mitsubishi UFJ Securities. Between 80 and 90 jobs will be cut, he said, without naming individuals. read more
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Japan Manufacturers' profits sink

posted by Avatar skushno 1358 days ago in GDP, Manufacturing, Consumer made popular 1355 days ago

Manufacturers' pretax profits in the April-June period fell 11.7 percent from a year earlier, due to deteriorating business conditions caused by raw materials price hikes and a U.S. economic slowdown, the Finance Ministry said Friday. read more
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Asian Stocks Post Biggest Weekly Slump in 13 Months

posted by Avatar skushno 1358 days ago in Oil, Metals

Sept. 6 (Bloomberg) -- Asian stocks fell, driving the region's benchmark index to its largest weekly drop in 13 months, on concern that slowing global economic growth will dent demand for raw materials and other goods. read more
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Yen Rises Against Euro, Dollar on Deepening Recession Concer

posted by Avatar halfwatertest 1359 days ago in Daily

The yen climbed to the highest in
more than a year against the euro on concern the credit-market
slump will lead the world into a recession, prompting investors
to sell higher-yielding assets funded in Japan. read more
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ECB, BoE expected to leave interest rates steady

posted by Avatar warrenbuffet 1361 days ago in EUR, GBP, Inflation made popular 1361 days ago

The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth. read more
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Oil Posts Fifth Straight Decline

posted by Avatar JayP 1361 days ago in CAD, Oil made popular 1361 days ago

Oil pared much of its daily slide, but still closed lower for a fifth straight session. Light sweet crude for October closed at $109.35, down 36 cents on the session. Oil touched as low as $107.22, more than $40 off its record high of $147.27 set read more
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Euro Trades Near 7-Month Low Versus Dollar Before ECB Meetin

posted by Avatar halfwatertest 1361 days ago in Daily made popular 1361 days ago

The euro traded near the lowest
level against the dollar in more than seven months on
speculation the European Central Bank will signal an economic
slowdown is deepening. read more
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Fed: Slow growth, still-high prices hit economy

posted by Avatar warrenbuffet 1361 days ago in USD, Inflation made popular 1361 days ago

The country is stuck in a slow-growth rut, the Federal Reserve suggested Wednesday.
Higher prices for energy, food and other things are pinching people and businesses -- reasons enough for the economy to be Americans' top concern heading into th read more
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Chart of the Day - 9/03/2008 - EUR/USD

posted by Avatar jameschen 1361 days ago in USD, EUR, Technical made popular 1361 days ago

Price action on EUR/USD (a daily chart of which is shown) has finally hit the long-term uptrend support line that has been in place for at least two and a half years read more
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'Loonie' Jumps as Bank of Canada Leaves Rates at 3.00%

posted by Avatar JayP 1361 days ago in CAD, Fundamental made popular 1361 days ago

The Canadian dollar jumped this morning as the Bank of Canada left rates steady at a nearly 3-year low of 3.00 percent, as expected. However, the more market-moving factor involved with the rate decision was the commentary contained within the G read more