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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.

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.

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.

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.

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.

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.