Japan’s Exports Fall by Nearly 46%
Japan’s exports for January fell 45.7% from the same time last year – the reduction is mostly due to weaker demand for electronics and other consumer goods. More
Pound’s Slide Could Hurt Euro
The pound’s dramatic fall against major currencies including the euro could destabilize the British economy according to a document written by European Officials. The report described the weakness of the pound as a “source of concern for the euro area.” More
Crude Oil Rebounds Above $40
Oil pushed above $40 a barrel as traders in Europe had the first opportunity to assess Federal Reserve Chair Ben Bernanke’s comments yesterday indicating that bank privatization in the US was highly unlikely. Bernanke also suggested that the recession could turn around by the end of the year. More
Obama Addresses the Nation
Vowing that “we are not quitters”, President Barack Obama delivered a speech before Congress that was broadcast to the public.
“We will rebuild, we will recover and the United States of America will emerge stronger than before”, the President said to loud cheers.
