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Reduced Gasoline Prices Provide Relief

posted by odell 1317 days ago in USD, Weekly, Consumer made popular 1317 days ago

Gasoline prices have seen a steep decline over the past three months. Since hitting a peak on July 20, the national average price for a gallon of gasoline has declined 52 cents, which should inject approximately $120 to $130 billion into the pock

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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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Japan Posted Record Trade Deficit in Aug. as Oil Costs Soars

posted by odell 1320 days ago in JPY, Fundamental, Trade

Japan posted its largest-ever trade deficit in August as soaring energy costs pushed up the nation's import bill and export growth cooled.

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Bush to announce expanded bank bailout details

posted by odell 1321 days ago in USD, Fundamental, Consumer made popular 1321 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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Merck: Recapitalizations - Rate Cuts - Yen a Hard Currency

posted by odell 1326 days ago in USD, Fundamental, Weekly made popular 1325 days ago

Europe was all but written off on Tuesday when Gordon Brown, the UK prime minister announced late in the day that £50 billion (about $85 billion) may be injected into several of the biggest banks. The details known so far...

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CNBC: Don't Rule Out Another Fed Rate Cut This Year

posted by odell 1353 days ago in USD, Special, Inflation made popular 1353 days ago

Though there’s virtually no chance the Fed will change interest rates at its meeting next Tuesday, there’s a growing likelihood it will make subtle changes in the language of its policy statement, placing greater emphasis on the risks to growth t

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Yen Falls as Lehman Speculation Boosts Demand for Higher Yie

posted by odell 1355 days ago in USD, JPY made popular 1355 days ago

The yen weakened on speculation Lehman Brothers Holdings Inc. will survive a credit-market slump, prompting investors to increase holdings of higher- yielding assets funded in the Japanese currency.

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Oil Rises After OPEC President Calls for End to Overproducti

posted by odell 1355 days ago in USD, Oil made popular 1355 days ago

Crude oil jumped in New York as OPEC President Chakib Khelil called on members to stop producing more than the group's set quota, a move that would reduce supplies by 520,000 barrels a day.

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Japan annual wholesale inflation near 27-yr high

posted by odell 1355 days ago in JPY, Inflation made popular 1355 days ago

August, matching expectations and reinforcing views that high raw material costs are hurting companies as the nation heads into a recession.

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China inflation drops, trade surplus hits record

posted by odell 1355 days ago in JPY, Trade made popular 1355 days ago

China's consumer inflation fell in August to a 14-month low of 4.9 percent, giving policy makers more room to pump up the world's fourth-largest economy if growth slows abruptly in coming months.

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