By Chris Fournier The currency, known as the loonie for the image of the
aquatic bird on the C$1 coin, has declined 1.9 percent against the greenback in
2010 on concern the struggle of European nations to contain budget deficits and
China’s move to discourage lending will slow the
US stocks face more turbulence that could send indexes spiraling through key
levels next week as doubts about the pace of the global recovery persist and
fears over Europe's sovereign debt woes rattle sentiment. Investors worry that
the debt problems will hinder efforts to sustain the
Australia's benchmark ASX200 share index extended its recent falls, losing 2.3
per cent - or more than $25 billion in value - closing at a three-month low.
The Australian dollar also touched levels close to the lowest in a half a year.
While the index is about 45 per cent higher than its lows
Gross domestic product fell 0.1 percent in the last quarter of 2009, declining
3.1 percent from a year earlier, the Madrid- based Bank of Spain estimated
today in its monthly bulletin. Facing the highest unemployment rate in the euro
region and another year of annual economic
Overseas shipments rose 18.7 percent from a year earlier to 54.7 billion
ringgit ($15.9 billion) after falling 3.3 percent in November, the trade
ministry said in a statement in Kuala Lumpur today. The median estimate in a
Bloomberg News survey of 14 economists was for a 12.5 percent increase.
Feb. 5 (Bloomberg) -- Spain’s industrial production fell in December by the
least in more than year as government stimulus measures bolstered car sales and
the global recovery underpinned exports. Facing the highest unemployment rate
in the euro region, Spain created one of Europe’s
Feb. 5 (Bloomberg) -- Pakistan’s central bank aims to resume cutting interest
rates when inflation eases, Governor Salim Raza said. Pakistan’s goal stands in
contrast to other countries across Asia, where policy makers are preparing to
boost borrowing costs as inflation accelerates amid a
Asian stock markets and commodity prices recoiled on fears that growing euro
zone troubles could impede or even derail the global economic recovery. An
unexpected rise in US unemployment claims heightened those concerns ahead of
non-farm payrolls data due later on Friday, a number that will be
Federal Treasurer Wayne Swan has welcomed stronger economic forecasts from the
Reserve Bank but warned there is still no room for complacency. The Reserve
Bank of Australia (RBA) on Friday modestly upgraded its core inflation
forecasts for this year and next, ahead of an expected
Australia's benchmark ASX200 share index extended its recent falls, losing
almost 3 per cent - or more than $30 billion in value - by early afternoon
trading, slipping to hit a five-month low. The Australian dollar also touched
levels close to the lowest in a half a year. While the index is
By Chris Fournier The currency, known as the loonie for the image of the
aquatic bird on the C$1 coin, has declined 1.9 percent against the greenback in
2010 on concern the struggle of European nations to contain budget deficits and
China’s move to discourage lending will slow the
