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Japan Sinks Into Recession
- 8 Hours ago
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Japan's economy slid into a recession for the first time since 2001, the government said Monday, as companies sharply cut back on spending in the third quarter amid the unfolding global financial crisis.
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Economist suggests small rise in dollar reserve
- 3 Hours ago
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Guangzhou - What China can do for the world is not to sell out its massive dollar reserve, but slightly increase its hold of the currency to give reasonable support to the US effort to save its economy,
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Venezuelan oil falls to lowest price in 22 months
- 3 Hours ago
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CARACAS: Prices for Venezuelan oil reached their lowest level in 22 months on Friday as fears of a global recession stalled demand, slashing the main source of cash for President Hugo Chavez's hefty state
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Convergent Trade Trends, Divergent Currency Prospects?
- 4 Hours ago
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The turbulence in the global equity and bond markets, which have been severely buffeted since mid-year, are being accompanied by dramatic movements in the currency markets. After hitting an all-time low
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Forex reserves dip $5 bn as RBI sells dollars
- 5 Hours ago
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MUMBAI: Indiaâ??s forex reserves continue to be under pressure, with the Reserve Bank of India (RBI) selling dollars to meet buyersâ?? demand and intervening in the market to stem the rupeeâ??s fall.
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