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In declaring that the economy has been in a downturn for almost 12 months, the National Bureau of Economic Research confirmed what many Americans had already been feeling in their bones. But private forecasters warned that this downturn was likely to ...

Officials Vow to Act Amid Forecasts of Long Recession - Gainesville Sun

SYDNEY (Dow Jones)--Australia's average measure of gross domestic product rose 0.1% in the third quarter of 2008 from the second quarter and rose 1.9% from the year-earlier period, the Australian Bureau of Statistics said Wednesday. The data were ...

DATA SNAP: Australian 3Q GDP Rises 0.1% On Vs 2Q - FXStreet.com

BEIJING, Dec 2 (Reuters) - China's minerals-rich border region of Guangxi will consider purchasing metals to help support prices, but has not yet decided, its party secretary Guo Shengkun said on Tuesday. Guangxi's neighbour in southwestern China ...

Forex Newsletters - FXStreet.com

China¡¦s foreign-exchange reserves topped US$2 trillion for the first time, strengthening the nation¡¦s finances as the government boosts spending and cuts interest rates to counter the financial crisis. National Bureau of Statistics chief ...

Chinese forex reserves top US$2 trillion - Taipei Times

LONDON, Dec 2 (Reuters) - The yen rallied to a five-week high versus the dollar on Tuesday as volatile stock markets reflected continued risk aversion, while investors anticipated dramatic interest rate cuts later in the week. An unexpectedly bold ...

FOREX-Shaky stocks support yen, interest rates in focus - Forbes

LONDON, Dec 2 (Reuters) - The yen rallied to a five-week high versus the dollar on Tuesday as stumbling world stock markets reflected continued wariness towards risk as investors ponder the extent of the global slowdown. An unexpectedly bold 100 ...

FOREX-Yen hits 5-wk high vs dlr, Aussie weighed by RBA cut - Forbes

The mainland's foreign exchange reserves may rise to US$2 trillion for the first time, an increase that could help finance the country's plan to boost growth and counter the global financial crisis. Yao Jingyan, the chief economist at the National ...

National forex reserves tipped to reach US$2tr - South China Morning Post

NEW YORK, Dec 1 (Reuters) - The U.S. dollar and the yen rose on Monday, benefiting from safe-haven flows after weak economic data heightened fears about a deep economic slowdown around the world. The yen was broadly higher, reaching a one-month high ...

FOREX-US dollar, yen rise as global economic fears deepen - Reuters

Dec. 3 (Bloomberg) -- The dollar traded near a five-week low against the yen before reports that will probably show accelerating U.S. job cuts and a deepening contraction in services. The greenback was little changed against the euro following a 0.8 ...

Dollar Is Near 5-Week Low Before U.S. Labor, Services Reports - Bloomberg

The National Bureau of Economic Research (NBER) has confirmed that the US entered recession in December 2007, as US GDP fell 0.2% during Q4 2007. While GDP actually rose during Q1 and Q2 2008 by 0.9% and 2.8%, respectively, and then subsequently ...