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Tag: European economies

Japan says forex stability needed for econ recovery

By Leika Kihara
TOKYO, Feb 20 (Reuters) - Japan needs to ensure its exchange rate market is stable to help its economy recover, the nation’s new finance minister said, as weakening global demand hits exports and pushes the world’s No. 2 economy deeper into recession.

Australia, New Zealand Dollars at 2-Week Lows on Europe Concern

By Candice Zachariahs
Feb. 18 (Bloomberg) — The Australian and New Zealand dollars traded near two-week lows on concern slumping eastern European economies will exacerbate the global recession, raising speculation investors will dump riskier assets.

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.