Yen Gains on Dollar – Delays to US Stimulus Plan Blamed
Delays to a Senate vote on President Obama’s stimulus bill saw the dollar drop against the yen in trading this morning. More
Recession to Be Worse Than Originally Expected
The Financial Services Authority said today that the recession facing the UK is likely to be deeper in scope and will probably take longer to reverse than originally expected. More
Stocks Expected to Open Lower After Last Week’s Gains
Analysts are predicting a lower opening on Wall Street this morning after gains last week and remaining questions surrounding the timing of President Obama’s stimulus package. More
Nissan to Cut 20,000 Jobs
Nissan’s announcement that it will be laying off 20,000 workers provides further evidence of the desperation facing the global automotive industry. The cuts represent about 8.5 percent of the company’s workforce. More
