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Canada inflation expected to pause in January

posted by BloodDiamond 1192 days ago in CAD, Inflation, Consumer

Canada's annual inflation rate will likely hold steady in January despite shriveling consumer demand as gasoline prices partially rebounded after a record drop in December, analysts said this week.

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GBP Commentary for the week of 02/13/2009

posted by BloodDiamond 1194 days ago in GBP, Weekly

After a near 12% spurt higher in the last two weeks, the British pound ended this week down 2.8% as investors and traders exited riskier currency bets in light of the disappointment over US Treasury Secretary Geithner's much anticipated speech on

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Japan sentiment near record low

posted by BloodDiamond 1195 days ago in JPY, Fundamental, Employment

Confidence among recession-hit Japanese manufacturers remains near record lows, a Reuters poll indicated on Tuesday, and service-sector sentiment also showed buyers at home and abroad were losing faith.

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Asia's economic crunch catches up with Australia

posted by BloodDiamond 1214 days ago in AUD, Inflation made popular 1214 days ago

A slew of economic data Wednesday pointed to an abrupt end to boom times in Australia as Asia's fading appetite for mining resources and the global financial crisis put the brakes on the economy.

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Canada set for stimulus spending

posted by BloodDiamond 1215 days ago in CAD

The Canadian government has said it will "spend whatever is necessary" to stimulate the country's economy in the midst of the global economic downturn.

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Japan to help non-financial firms, Geithner wins OK

posted by BloodDiamond 1216 days ago in USD, JPY, Fundamental made popular 1216 days ago

Japan said on Tuesday it would spend public funds to help firms hardest hit by the global financial crisis, as newly confirmed U.S. Treasury Secretary Timothy Geithner vowed to act swiftly to rescue the U.S. economy.

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Brown and Conservatives Spar Over Blame for Recession

posted by BloodDiamond 1216 days ago in GBP, Fundamental made popular 1216 days ago

Prime Minister Gordon Brown blamed Britain’s recession on foreign banks as Conservative Treasury spokesman George Osborne attempted to pin the responsibility on Brown’s own management of the economy.

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Retail Sales December fall in value

posted by BloodDiamond 1218 days ago in GBP, Inflation

Retail Sales Dec 08 According to the Office for National Statistics, retail sales fell in value in December 2008 by just under 1% compared to the prior year. Volume figures increased by just under 2% on a non seasonally adjusted basis.

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Retail sales index falling at steepest rate in 25 years

posted by BloodDiamond 1219 days ago in GBP, Retail Sales, Employment made popular 1219 days ago

The dismal performance by retailers at the end of 2008 was confirmed yesterday, with new figures showing that retail sales fell 1.2 per cent in November and 8.1 per cent on an annual basis.

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Sterling plunges as U.K. recession steepens

posted by BloodDiamond 1219 days ago in GBP, Fundamental, GDP

The British pound plunged to a 23-year low Friday against the dollar, undermined as government data confirmed the U.K. economy fell into a deep and potentially long-lasting recession in the final three months of 2008.

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UK recession 'may last two years'

posted by BloodDiamond 1219 days ago in GBP, Fundamental

The UK's recession will last between one and a half and two years, a leading economist has warned.

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Australia May Create Fund to Lend to Companies

posted by BloodDiamond 1220 days ago in AUD, Inflation

Australia’s government may establish a fund to lend directly to companies should foreign banks fail to roll over up to A$75 billion ($49.5 billion) in loans, Finance Minister Lindsay Tanner said.

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