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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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Japan Posted Record Trade Deficit in Aug. as Oil Costs Soars

posted by odell 1320 days ago in JPY, Fundamental, Trade

Japan posted its largest-ever trade deficit in August as soaring energy costs pushed up the nation's import bill and export growth cooled.

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Aussie Central Bank Sees A$2.1 Billion Cash Deficit Today

posted by mags23 1320 days ago in AUD made popular 1320 days ago

The Reserve Bank of Australia estimated money markets will have a deficit of A$2.1 billion ($1.5 billion) today as it prepares to inject cash into the financial system.

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4B AUD to flow into the bush from Rudd's rescue package

posted by mags23 1320 days ago in AUD made popular 1320 days ago

Up to $4 billion will flow into regional Australia as part of the Government's $10.4 billion economic rescue package, announced in Canberra yesterday.

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Right stimulus for uncertain times

posted by mags23 1320 days ago in AUD made popular 1320 days ago

The Rudd Labor Government, so often criticised for preferring to stage public discussion of policy rather than enabling it, has shown surprising boldness with its economic stimulus package unveiled yesterday. Underlining the audacity of this pre-

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Switzerland is second most competitive economy

posted by sassygirl 1320 days ago in CHF made popular 1315 days ago

The competitiveness of Switzerland's economy has again been ranked second only to that of the United States in a World Economic Forum (WEF) annual survey.

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UK Inflation Fastest Since 1997

posted by sassygirl 1320 days ago in GBP made popular 1315 days ago

Tuesday saw inflation reports from a number of European economies, including the UK, France, Spain and Italy. Among other data, the German ZEW economic sentiment report and Eurozone industrial production were also in the news.

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Chart of the Day - 10/14/2008 - EUR/USD

posted by jameschen 1320 days ago in USD, EUR, Technical made popular 1316 days ago

Price action on EUR/USD, a daily chart of which is shown, has made an upside turn after having bottomed out at a one-year-plus low of around 1.3260 on Friday of last week

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Edinburgh Fears Economic Pain as U.K. Takes Control of Banks

posted by sassygirl 1321 days ago in GBP made popular 1321 days ago

Residents of Edinburgh, home to Royal Bank of Scotland Group Plc and HBOS Plc, expect a blow to the city's economy after the British government took control of the banks to avert their collapse.

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UK government takes stake in three banks

posted by sassygirl 1321 days ago in GBP made popular 1320 days ago

The British government on Monday said it would make a multi-billion investment in three of the country's major banks to help them through the "first financial crisis of the global age."

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