Archive for January 12th, 2009
Economists see longest U.S. recession since WWII
Sat Jan 10, 2009 12:01am EST
By Emily Kaiser
WASHINGTON, Jan 10 (Reuters) - The U.S. recession will probably be the longest since World War Two and could worsen without heavy government spending, according to a closely-watched survey of economists released on Saturday.
Posted: January 12th, 2009 under News.
Tags: global economic, Global Recession, mortgage, The Blue Chip Economic Indicators, U.S. Recession, WWWII
Comments: none
EMERGING MARKETS WEEK-China data, Mexico rate decision eyed
By Daniel Bases
NEW YORK, Jan 11 (Reuters) - Economic data from China and a central bank decision in Mexico will keep emerging market investors on cautious footing as the cross-currents of the global economic downturn show no signs of abatement.
Posted: January 12th, 2009 under News.
Tags: China, currency, Ecuadorean Credit, Forex, global economic, Global Recession, IDEAglobal, Market Investors, Mexico Rate, U.S. Employment Rate, U.S. Financial Markets
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Asian Currencies: Ringgit, Singapore Dollar Decline During Week
By Lilian Karunungan and David Yong
Jan. 10 (Bloomberg) — Most Asian currencies dropped this week, led by the Malaysian ringgit and the Singapore dollar, on concern investors will exit emerging markets amid signs a global recession is deepening.
Posted: January 12th, 2009 under News.
Tags: Asian Currencies, Central Bank, China, currency, Forex, Global Recession, MIDF Amanah Investment Bank Bhd, RAte Cuts, Singapore dollar, South Korean won, U.S. Currency
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Ruble Falls Against Dollar as Central Bank Devalues Currency
By Denis Maternovsky
Jan. 11 (Bloomberg) — Russia’s ruble fell against the dollar in the first official trading day this year as the central bank devalued the currency for the 13th time in two months and companies demanded foreign currency to repay debt.
Posted: January 12th, 2009 under News.
Tags: Bank Rossii, BNP Paribas, Central Bank Devalues Currency, currency, Danske Bank A/S, Dollar, Euro, European Union, Federal Reserve, Forex, Global Economy, Global Recession, Micex Stock Exchange, OAO Lukoil, OAO Rosneft, Ruble, SOciete Generale SA, Trust Investment Bank
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Pound’s Decline Fails to Boost Euro Popularity, U.K. Poll Shows
By Mark Deen
Jan. 11 (Bloomberg) — British voters have maintained their opposition to adopting the euro, the currency shared by 16 other members of the European Union, even after the pound plunged in recent months, a poll showed.
Posted: January 12th, 2009 under News.
Tags: British Pound, currency, Euro, European Union, Forex, Global Recession
Comments: none