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Oil prices near US$60 a barrel on recession fears

posted by keiragabe 1297 days ago in Fundamental, Oil made popular 1296 days ago

Oil prices neared US$60 a barrel Thursday, their lowest point in about a year and a half, as a growing number of economic reports point to a long and painful recession.

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Saving banks the Lloyd's way

posted by sassygirl 1297 days ago in GBP made popular 1296 days ago

Redrow, the builder, this week announced that its year-on-year house sales have fallen by 45%, while figures for the housing market yesterday revealed that prices declined by 15% in the year to October.

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Euro Rises To Near Record High Against Pound

posted by blitz 1297 days ago in EUR, GBP, Fundamental made popular 1296 days ago

Extending Asian session's uptrend, the euro surged to near a record high against the pound during early European deals on Friday. Meanwhile, the euro reversed its early Asian session's loss against other major currencies. The euro thus recovered

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Rate cuts alone 'aren't enough'

posted by aranel 1297 days ago in GBP, Fundamental, Inflation made popular 1297 days ago

Western powers could spiral into a period of 'sustained deflation', the International Monetary Fund warned on a day of renewed market turmoil.

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Brown in EU financial crisis talks

posted by eriathwen 1297 days ago in GBP, Fundamental made popular 1297 days ago

Prime Minister Gordon Brown joins fellow EU leaders in Brussels for the latest round of shuttle diplomacy in the search for a co-ordinated response to the financial gloom.

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Agency Predicts a Return of Triple-Digit Oil Prices

posted by odell 1297 days ago in USD, Special, Oil made popular 1297 days ago

The global economic slump that has curbed energy demand and pushed oil prices down in recent months may provide only a short-lived respite for consumers, according to the world’s top energy forecaster.

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Worker Productivity Slowed as Consumer Spending Fell

posted by odell 1297 days ago in USD, Fundamental, Consumer made popular 1297 days ago

The efficiency of American workers slowed sharply in the summer as a huge pullback by consumers threw the national economy into reverse.

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Retailers Report a Sales Collapse

posted by odell 1297 days ago in USD, Retail Sales, Consumer made popular 1297 days ago

Sales at the US’s largest retailers fell off a cliff in October, casting fresh doubt on the survival of some chains and signaling that this will probably be the weakest Christmas shopping season in decades.

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The Upcoming G-20 Meeting (Bretton Woods II)

posted by JayP 1297 days ago in USD, Fundamental, Daily made popular 1297 days ago

Let me start off by saying that the following article is both speculation on my part and addresses other speculation that I have seen circulating online. Bretton Woods II is a term being used by the media to address the calls by international lea

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European central banks slash interest rates as gloom deepens

posted by olivia 1297 days ago in EUR, Fundamental, Inflation made popular 1297 days ago

European central banks have slashed their key rates to stave off prolonged recessions, with the Bank of England delivering a dramatic 1.5 percentage-point cut.

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Dollar falls on weaker equity markets

posted by olivia 1297 days ago in USD, AUD made popular 1297 days ago

The Australian dollar was marginally weaker as investors lowered their exposure to higher risk assets such as equities and commodity currencies on a bleak economic outlook.

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NZ's labour costs rise

posted by skushno 1299 days ago in NZD, Inflation, Employment made popular 1299 days ago

Labour costs rose 3.7 percent in the year to the June 2008 quarter, Statistics New Zealand said today. A breakdown showed salary and wage rates, including overtime, rose 3.5 percent and non-labour costs rose 4.1 percent.

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