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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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Economic signs pointing down

posted by pipsmgee 1320 days ago in USD, Fundamental

The U.S. recession has been nearly forgotten in all the anxiety about the financial meltdown in the past few weeks. For those who care about the fundamentals, however, the coming week will feature a lot of data about the economy, much of it rathe

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Business conditions steady despite turmoil

posted by mags23 1321 days ago in AUD made popular 1320 days ago

A key measure of Australian business conditions held broadly steady in September in the face of global financial market turmoil, helped mainly by the booming mining sector, a survey showed on Tuesday.

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Bush to announce expanded bank bailout details

posted by odell 1321 days ago in USD, Fundamental, Consumer made popular 1320 days ago

The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and gove

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EU Nations Commit 1.3 Trillion Euros to Bank Bailouts

posted by odell 1321 days ago in EUR made popular 1320 days ago

France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders, racing to prevent the collapse of the financial system.

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U.S. stock futures rally on government plans

posted by pipsmgee 1321 days ago in USD, Fundamental, Daily

U.S. stock futures and world stock markets rallied on Monday, as agreements reached in Paris and Washington D.C. to bolster the banking system restored some confidence after a week in which stocks dropped by nearly 20% in the U.S. and by more aro

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