Archive for January 5th, 2009
Global Corporate Profits to Drop in ’09; More Bankruptcies Loom
By Katie Hoffmann and Joseph Galante
Jan. 5 (Bloomberg) — Corporate earnings will continue to slump into the first half of 2009 amid the first simultaneous recessions in the U.S., Japan and Europe since World War II.
Posted: January 5th, 2009 under News.
Tags: Bankruptcies, Currencies, Global Corporate, Global Recession, Private Banks, The International Council of Shopping Centers
Comments: none
Australia, N.Z. Dollars Rise as Stock Gain Boosts Risk Appetite
By Garfield Reynolds
Jan. 5 (Bloomberg) — The Australian and New Zealand dollars rose after U.S. stock gains last week bolstered speculation interest-rate cuts will revive investors’ risk appetite.
Posted: January 5th, 2009 under News.
Tags: Australian Dollar, Currencies, currency, Federal Reserve, Global Recession, New Zealand Dollar, Stock Gain
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Euro Falls for First Week Since November on ECB Rate Outlook
By Jamie McGee and Ye Xie
Jan. 3 (Bloomberg) — The euro declined against the dollar for the first week since November on speculation a weakening economy will prompt the European Central Bank to cut borrowing costs further, reducing the currency’s appeal.
Posted: January 5th, 2009 under News.
Tags: Australian Dollar, British Pound, Currencies, currency, Dollar, ECB Rate Outlook, Euro, European Central Bank, Federal Reserve, Forex, Global Recession, MACD Index, Mexico's Peso, Stock, The Bank of England
Comments: none