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Economy could thwart efforts

posted by sassygirl 1318 days ago in GBP, Employment made popular 1318 days ago

THE unemployment statistics for the UK were unveiled to a chorus of groans yesterday, as it emerged the jobless figures were up once more for the eighth month.

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Retail sales tumble 1.2% in September

posted by dooly 1319 days ago in USD, Fundamental, Retail Sales made popular 1319 days ago

U.S. retail sales fell 1.2% in September, the worst drop in three years and the third decline in a row, a further sign that the economy has sunk into a recession led by an exhausted consumer.

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Currency Markets Calm for October 15th

posted by thegearedinvestor 1319 days ago in Sentiment, Daily, Inflation made popular 1319 days ago

As I sit here looking at currency charts this morning I notice something that I haven't seen in weeks. The currency markets appear much more calm and are taking direction after all of the volatily caused by the $700 billion promised to the finan

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USD/CHF - Momentum Wane Near Resistance

posted by jameschen 1319 days ago in USD, CHF, Technical made popular 1319 days ago

Price on the USD/CHF daily chart, as shown, has recently hit and retreated from an uptrend resistance line within a rough parallel uptrend channel

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U.K. Jobless Claims Reach Highest in Almost Two Years

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

U.K. unemployment rose to the highest level in almost two years in September as the prospect of a recession and the global financial crisis prompted a spate of job cuts from banks to construction companies.

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BOJ drains funds from money market

posted by czarinacleopatra 1320 days ago in JPY made popular 1319 days ago

Japan’s central bank said it drained excess funds of 2.2 trillion yen (USD 21.6 billion) from the Tokyo money market as credit market tensions eased.

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Exports may not rescue UK economy

posted by sassygirl 1320 days ago in GBP made popular 1320 days ago

Hopes that the plunging pound may boost UK exports have been questioned by new research into currency movements.

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Why the Swiss economy is still as safe as –er– a Swiss bank

posted by sassygirl 1320 days ago in CHF made popular 1320 days ago

The Swiss are natural-born savers, says Harry de Quetteville, and consider banks to be emblematic pillars of society.

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U.K.'s Rising Food Prices Hamper Economic Policy

posted by sassygirl 1320 days ago in GBP made popular 1320 days ago

The cost of food in the U.K. is rising at a faster rate than elsewhere, putting more pressure on an economy already squeezed by the credit crisis.

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NZ among riskiest nations during financial crisis

posted by odell 1320 days ago in NZD made popular 1320 days ago

New Zealand is among 13 nations named by BusinessWeek as most at risk from the global financial crisis.

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We'll borrow more if it's needed - Labour

posted by odell 1320 days ago in NZD made popular 1320 days ago

Finance spokesman Michael Cullen said: "The Government is not going to allow the economy to slip into a depression because it has some fear of lifting its short-term borrowing position. That is not sensible fiscal economic management."

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U.S. government to give $250 billion to banks

posted by dooly 1320 days ago in USD, Fundamental

Treasury Secretary Henry Paulson announced an extraordinary investment by the federal government in the American banking system on Tuesday, laying out an unprecedented plan to give $250 billion to banks to repair the faltering financial system an

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