Senate Republicans Scuttle US Auto Bailout Saying Not “Tough” Enough
Republicans in the US Senate are blocking the Auto makers rescue plan as cobbled together by Congress yesterday, saying that the bill is not “tough” enough and fails to address the need for the manufacturers to restructure operations. More
Canadian Dollar Gains On US Counterpart
The Canadian dollar – known as the Loonie – gained as much as 3.4 percent on th US dollar today marking its biggest single-day gain since October 29th. More
Russia’s Central Bank Devalues Ruble
Bank Rossii – Russia’s central bank – increased the trading band between the dollar and the euro today which extends the amount the ruble can decline against the target exchange rate from 6.7 percent to 7.7 percent. One month ago, the deviation was only 3.7 percent. More
