Yen Gains on Euro and Dollar
Falling stock prices have prompted some investors to buy yen as a hedge against falling stock prices in Europe and on Wall Street. More
UK January Sales Retail Climb
The Office for National Statistics (ONS) reported that retail sales in the UK rose by 0.7 percent from the previous month and 3.6 percent from January 2008. More
Asia to Lose 7.2 Million Jobs – UN Report
A United Nations report says that 7.2 million jobs could be wiped out in Asian countries as the global economic crisis pushes down demand for goods typically produced in the region. A similar report by the International Labour Organization says that the number could actually be more than 22 million. More>
Lower Oil Prices Means Growth in Gulf States to be Limited
The International Monetary Fund (IMF) issued a report today indicating that growth in the Gulf Arab states will plunge this year as falling oil prices and reduced exports will result in growth falling to 3.5 percent from 6.8 percent GDP growth last year. More
Obama Completes Whirlwind Visit of Canada
Telling Canadians that he wants “to grow trade and not contract it”, President Obama assured Canada and all US trading partners that despite recent controvery around the “Buy American” clause in the massive stimulus bill signed into law last week, the US remains committed to free and open trade. More
