Archive for January 15th, 2009
Euro Trades Near Five-Week Low Versus Dollar Before ECB Meeting
By Stanley White and Ron Harui
Jan. 15 (Bloomberg) — The euro traded near a five-week low against the dollar on speculation the European Central Bank will cut interest rates by at least half a percentage point at a policy meeting today.
Posted: January 15th, 2009 under News.
Tags: Australian Dollar, Currencies, Deutsche Bank AG, Dollar, ECB, Euro, European Central Bank, European cur, exchange-rate, japanese currency, Korean Won, MSCI Asia Pacifix Index, New Zealand Dollar, Yen
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U.S. Producer Prices Probably Fell in December for Fifth Month
By Shobhana Chandra
Jan. 15 (Bloomberg) — Prices paid to U.S. producers probably fell in December for a fifth month as demand for raw materials collapsed with the deepening recession, economists said before a report today.
Posted: January 15th, 2009 under News.
Tags: Fed Bank of New York, inflation, New York Mercantile Exchange
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Bank of America May Receive U.S. Aid for Merrill Lynch Purchase
By David Mildenberg
Jan. 15 (Bloomberg) — Bank of America Corp., the biggest U.S. bank by assets, may get more aid from the government to help absorb losses tied to this month’s acquisition of Merrill Lynch & Co., three people familiar with the matter said.
Posted: January 15th, 2009 under News.
Tags: Bank of America, dividend
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Asian Currencies Drop, Led by Won, Ringgit, on Global Slowdown
By Kim Kyoungwha and David Yong
Jan. 15 (Bloomberg) — Asian currencies fell, with the Korean won, Malaysian ringgit and Taiwan dollar all reaching one-month lows, as a deepening global recession prompted investors to favor safer bets than emerging-market assets.
Posted: January 15th, 2009 under News.
Tags: Asian Currencies, Asian financial market, Australian Dollar, Bank of Korea, China yuan, Global Recession, greenback, Hongkong dollar, Indonesia's rupiah, Japan yen, Korea's Currency, Korean Won, Malaysian ringgit, MSCI Asia Pacifix Index, Phillipine peso, Singapore dollar, Stock, Taiwan Dollar, Thai baht
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Taiwan Dollar to Slump, Sell Forwards, Standard Chartered Says
By Patricia Lui
Jan. 15 (Bloomberg) — Taiwan’s dollar will slide more than other Asian currencies this year as its export-oriented economy bears the brunt of a slump in global demand, according to Standard Chartered Plc.
Posted: January 15th, 2009 under News.
Tags: Asian Currencies, Eurozone, Foreign-Exchange, Taipei Forex, Taiwan's dollar, U.S. dollar
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