Archive for December 11th, 2008
Trade Deficit in U.S. Probably Narrowed on Falling Oil Prices
By Bob Willis
Dec. 11 (Bloomberg) — The U.S. trade deficit probably narrowed in October to the lowest level in three years as plunging oil prices led to a drop in imports, economists said before a report today.
Posted: December 11th, 2008 under News.
Tags: Cutting jobs, Global Recession, International Trade, Labor Department, Prices fall, Shrinking Growth, Trade Deficit, Trade gap, U.S. Employers
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Noyer Says Inflation May Be Negative in Some Months, Figaro Says
By David Whitehouse
Dec. 11 (Bloomberg) — European Central Bank council member Christian Noyer told Le Figaro in an interview that inflation expectations have declined and that inflation readings may be negative in some months.
Posted: December 11th, 2008 under News.
Tags: Bank of France, ECB Interest rates, European Central Bank, inflation
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Swiss Central Bank May Reduce Benchmark Rate as Economy Weakens
By Joshua Gallu
Dec. 11 (Bloomberg) — The Swiss central bank will probably reduce interest rates to a four-year low today, extending its biggest-ever round of cuts as the economy edges closer to recession.
Posted: December 11th, 2008 under News.
Tags: Benchmark Rate, Economic Recession, European Banks, Financial crisis, Swiss Central Bank, Swiss National Bank
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Canada’s Dollar Climbs as Crude Oil Rises, Global Stocks Gain
By Chris Fournier
Dec. 10 (Bloomberg) — Canada’s dollar rose against its U.S. counterpart as crude oil advanced and global stocks gained, increasing the currency’s appeal.
Posted: December 11th, 2008 under News.
Tags: Canada's dollar, CIBC World Markets, Commosity Price Index, Crude Oil, Dollar, Global Recession, Global Stocks, Labor Productivity, National Bank of Canada, TD Securities
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RPT-GLOBAL MARKETS-Asian shares retreat; economy worries nag
By Rafael Nam
HONG KONG, Dec 11 (Reuters) - Asian shares fell on Thursday as concerns over the global economy once again took centre stage, while renewed uncertainty about the U.S. auto bailout plan sparked a subtle shift towards assets seen safer such as the yen.
Posted: December 11th, 2008 under News.
Tags: Asia-Pacific stocks, Asian Shares, China's export, Chuo Mitsui Trust and Banking, European economies, Global Economy, Global Market, U.S. Auto bailout
Comments: none
Yen Rises as U.S. Automaker Bailout Lacks Republican Support
By Stanley White
Dec. 11 (Bloomberg) — The yen rose against the euro on speculation a lack of Republican support for a bailout of U.S. automakers will prompt investors to pare holdings of assets funded with Japan’s currency.
Posted: December 11th, 2008 under News.
Tags: Chrysler LLC, Currency Swaps, Dollar, Euro, General Motors Corp., Global Economy, Global Recession, mortgage, South Korea, Sumitomo Trust & Banking Co., U.S. automakers, U.S. Bailout, Yen
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