China’s Exports Fall 17.5%
Demand for China’s exports continues to decline, falling 17.5 percent in January from the previous year. More
UK Unemployment Nears 2 Million
Unemployment in the UK rose by 146,000 to 1.97 million for the period between October and December, 2008. This is the highest number of unemployed in Britain since August 1997 but analysts predict the number could hit 3.5 million by the end of 2010. More
Bank of England Expected to Cut Rates
A senior economist at Citigroup told his clients that he expects the Bank of England to reduce lending rates to zero and to introduce quantitative easing that will include the purchase of guilt-based securities and even private sector assets. More
Global Markets Unimpressed With US Banking Plan
Stock prices fell in Asia and Europe as investors weigh the merits of President Obama’s proposed $1.5 trillion bank bail-out plan. More
