Archive for November 24th, 2008
Recession’s Grip Forces U.S. to Flood World With More Dollars
By Rich Miller
Nov. 24 (Bloomberg) — The world needs more dollars. The United States is preparing to provide them.
Posted: November 24th, 2008 under News.
Tags: capitalism, Dollars, Global Economy, Recession, United States, World
Comments: none
MONEY MARKETS-Asian dlr rates steady but month-end demand looms
HONG KONG, Nov 24 (Reuters) - Dollar funding rates were steady on Monday but traders and analysts expect a scramble for funds ahead of the month- and year-end, with concerns about Citigroup and a looming recession also clouding the outlook.
Posted: November 24th, 2008 under News.
Tags: Asian Dollar, Citigroup, Dollar, Money Markets, rates, recessions
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Dollar Weakens Versus Yen, Euro as U.S. Recession Deepens
By Ron Harui and Candice Zachariahs
Nov. 24 (Bloomberg) — The dollar fell against the yen and the euro on speculation a U.S. housing report today will add to evidence of a deepening recession in the world’s biggest economy.
Posted: November 24th, 2008 under News.
Tags: Dollar, economies, Euro, U.S. Recession, Yen
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Recession Probably Deepened in October: U.S. Economy Preview
By Shobhana Chandra
Nov. 23 (Bloomberg) — The U.S. recession probably deepened as consumer spending plunged in October by the most since the 2001 downturn and businesses slashed investment, government reports may show this week.
Posted: November 24th, 2008 under News.
Tags: Decline, Dollar, investment, Recession, U.S. Economy
Comments: none
EMERGING MARKETS WEEK-Short rally, rate decisions eyed
By Manuela Badawy
NEW YORK, Nov 23 (Reuters) - A rally in emerging markets could be short-lived this week as investors are likely to tread cautiously due to ongoing financial deleveraging and thin liquidity.
Posted: November 24th, 2008 under News.
Tags: economies, Financial deleveraging, liquidity, Markets, short rally
Comments: none