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UK unemployment jumps most in 17 years as downturn bites

posted by sassygirl 1319 days ago in GBP made popular 1314 days ago

Unemployment in Britain jumped the most in 17 years in the three months to August, as economists and the business community warned that worse is yet to come as the country heads into a recession.

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BOJ drains funds from money market

posted by czarinacleopatra 1319 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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Global market rally loses steam

posted by czarinacleopatra 1319 days ago in EUR, JPY made popular 1319 days ago

Asian stocks were mostly lower Wednesday as a global market rally lost momentum amid growing fears of recessions in some of the world's biggest economies.

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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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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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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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Yen Declines Against Euro as Bank Rescues Support Carry Trad

posted by maximumpips 1320 days ago in JPY, Technical, Fundamental

The yen fell against higher-yielding currencies after governments in the U.S., Europe and Australia pledged to support banks, encouraging investors to increase holdings of euros, pounds and Australian dollars.

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World stocks soar as credit markets ease

posted by czarinacleopatra 1320 days ago in EUR, JPY made popular 1320 days ago

LONDON - Stock markets in Europe and Asia rose strongly for a second straight day Tuesday after Wall Street rallied from its worst week ever on mounting evidence that government attempts to shore up the world’s battered financial system are begin

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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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