Eurozone Unemployment Hits 2-Year High
Unemployment throughout the Eurozone climbed to its highest level in the past two years having jumped from 7.9 percent in November to 8.0 percent in December. More
U.S. Economy Shrinks by 3.8%
The fourth quarter of 2008 was the the worst quarter in over twenty-five years as the U.S. economy contracted by 3.8 percent from the same time period for the previous year. More
Dollar Posts Huge Rally Against the Euro
Investors looking for a safe haven currency bought into the dollar and the yen yesterday at the expense of the euro gaining 0.9 percent and 1.1 percent respectively. More
Japan’s Industrial Output Falls 9.6%
Japan’s Economics Minister Kaoru Yosano revealed that the nation’s industrial output fell by 9.6 percent for the month of December. The decline is the largest since industrial output has been tracked and the Minister noted that the decline “was likely to continue”. More
