Japan Suffers Record Loss in Exports
Japan saw exports for the month of February fall by 49.4 percent from the same month one year earlier – this represents a record loss for a single month. Vehicle exports which make up a large part of Japan’s trade, fell by more than 70 percent in February. More
US Durable Goods Rose in February
The US Commerce Department announced today that durable goods rose 3.4 percent in February beating the expected 2 percent decline predicted by analysts. This is the first positive durable goods report in six straight months of declines. More
Fed to Commence Buying of Treasuries
The US Federal Reserve will begin purchasing long-term Treasuries today as part of its $300 billion plan to bring down consumer borrowing costs. Over the course of the next week, the Fed plans to buy notes maturing in February 2016 and February 2019. More
IMF To Provide Romania with Emergency Aid
Romania will become the third European Union nation to receive emergency aid this year following in the footsteps of Latvia and Hungary. The International Monetary Fund (IMF) will lend Romania $12.95 billion euros (B$17.6 USD), the European Union will provide $5 billion euros (B$6.8 USD), while the World Bank will also provide $1 billion euros (B$1.35 USD). More
