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Australia boosts economic stimulus to 26 billion

posted by domyouji 1219 days ago in AUD made popular 1219 days ago

The Australian government on Saturday unveiled a four billion dollar (2.6 billion US) stimulus plan for the nation's building industry, taking its total spend to combat the global economic crisis to 40 billion dollars.

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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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California jobless rate hits 9.3%

posted by PipChecker 1219 days ago in USD, Employment

California's unemployment rate jumped to 9.3% in December from 8.4% in November and 5.9% a year earlier as job cuts swept across most industries, with recession tightening its grip on the most populous U.S. state, officials said Friday.

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Dollar pares gains but still mostly higher

posted by PipChecker 1219 days ago in USD

The dollar continued to benefit from more grim global economic data Friday, though it was well off its session highs as a slight rebound in U.S. stocks whetted investors' risk appetite.

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Yen Rises to Record as Economic Concern Spurs Demand

posted by HarrisClan 1219 days ago in JPY, Fundamental

The yen strengthened to a record against the pound and near a seven-year high versus the euro as concern the global economic slowdown will deepen spurred investors to take refuge in Japan’s currency.

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Australia May Cut Interest Rate Below 2%, Fraser Says

posted by aussiemarket 1219 days ago in AUD, Inflation

Australia’s central bank may more than halve its benchmark interest rate as the nation enters a long and deep recession, former Governor Bernie Fraser said.

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Home Refinancing Hobbled by Variety of Obstacles

posted by HousingMarket 1219 days ago in USD, Housing made popular 1219 days ago

As mortgage rates hit new lows every week, the number of homeowners seeking to refinance their homes has spiked to its highest level in five years.

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Japan's central bank keeps key rate unchanged

posted by odell 1221 days ago in JPY, Fundamental, Inflation made popular 1221 days ago

Japan's central bank kept its already super-low interest rate on hold Thursday but sharply downgraded its outlook for the world's second-largest economy amid an ever-deepening recession.

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US Dollar Bounces Back As World Economy Slows

posted by odell 1221 days ago in USD, Special

With a rapidly worsening European economy, a boost from the Barack Obama presidency and a craving for safety with at least some return, the dollar is riding a new wave of enthusiam among investors.

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U.S. stimulus not enough, TARP bailout misused: Soros

posted by odell 1223 days ago in USD, Special, GDP made popular 1222 days ago

The stimulus plan the U.S. government is currently considering is necessary to help American citizens, but it will likely not reverse the country's economic decline, hedge fund manager and billionaire philanthropist George Soros says.

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German investor confidence improving

posted by odell 1223 days ago in EUR

A closely watched survey shows German investor confidence improved in January after the government put together a new economic stimulus package.

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British inflation falls to lowest since April 2008

posted by odell 1223 days ago in GBP, Fundamental, Inflation

Britain's annual inflation rate dropped in December to its lowest since April 2008 amid falling gas prices at the pumps and lower sales taxes in the pre-Christmas trading period, official figures showed Tuesday.

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