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When the National Bureau of Economic Research made its official recession declaration yesterday, a couple of questions came to mind. One, as expressed in one of the comments on our story , is, “DUHHH. Did it really take them that long to figure ...
Read moreSYDNEY (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 ...
Read moreBEIJING, 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 ...
Read moreChina¡¦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 ...
Read moreLONDON, 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 ...
Read moreLONDON, 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 ...
Read moreThe 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 ...
Read moreNEW 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 ...
Read moreDec. 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 ...
Read moreThe 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 ...
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