Federal Reserve cuts interest rate : Stock markets in the US have soared after the Federal Reserve cut interest rates by half a percentage point to 4.75 per cent in an attempt to reduce the risk of a recession.
Rogers, Faber Say Fed Rate Cuts Will Spur a Recession: Interest rate cuts by Federal Reserve Chairman Ben S. Bernanke will spur inflation, cause the U.S. dollar to collapse and push the world's largest economy into recession, investors Jim Rogers and Marc Faber said.
US home foreclosures soar 36 percent in August: survey : Home foreclosures in the United States surged 36 percent in August from the prior month and more than doubled from a year ago, a leading foreclosure data firm said Tuesday.
Prepare for prolonged turmoil, says US Treasury Secretary: Investors should brace themselves for a prolonged period of market turmoil, Henry Paulson, the US Treasury Secretary, said yesterday as he held emergency meetings with the Chancellor and the French Finance Minister.
Greenspan: Euro Gains As Reserve Choice: : Former Fed Boss Says Euro Could Replace U.S. Dollar As Favored Reserve Currency
Canada Dollar Dominance Shows Break With U.S. Dollar: - Currency traders are concluding that there's nothing the U.S. economy can do that Canada's can't do better. Much better.
Black day for shares as €4.5bn lost : ON a black day for Irish shares a total of €4.5 billion was wiped off the value of the Irish Stock Exchange yesterday.
Credit fears spread, Australia quashes rumours: Credit fears flared in Asia on Tuesday prompting Australia's central bank to quash speculation that one or more regional banks had asked for emergency funding, a day after savers rushed to withdraw deposits from a British lender
No comments:
Post a Comment