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Archive for October 10th, 2008Canadian imports plummet, helping trade balance: dataPosted by UK Economy News
In UK financial news
10Oct 08 Canada's imports showed their biggest monthly drop since 1991 in August, Statistics Canada said Friday, which analysts said pointed to weakening domestic demand and a gloomy outlook for the economy.
Read full story Mexican peso hits new low against dollarPosted by UK Economy News
In UK financial news
10Oct 08 Mexico's peso changed hands at 13.29 to the dollar Friday, a new record low, despite the injection of 6.4 billion dollars onto the market by the central bank.
Read full story Comments Off G7 meet under pressure to find common ground on crisisPosted by UK Economy News
In UK financial news
10Oct 08 The Group of Seven industrialized nations was meeting Friday under intense pressure to find common ground in efforts to tame the global crisis ravaging the markets and banking system.
Read full story Comments Off Mexico auctions six bln dollars to fight peso’s fallPosted by UK Economy News
In UK financial news
10Oct 08 Mexico's Central Bank said it had auctioned six billion dollars Friday, in two sales of three billion dollars, in the latest move to support the tumbling peso.
Read full story Comments Off GM stock struggles around 1950s levelsPosted by UK Economy News
In UK financial news
10Oct 08 Shares in General Motors recovered slightly Friday a day after plunging to their lowest levels since the 1950s on concerns the giant automaker will struggle to fund its operations.
Read full story Comments Off Morgan Stanley shares collapse under new pressurePosted by UK Economy News
In UK financial news
10Oct 08 US investment bank Morgan Stanley was again under fire on Wall Street on Friday, making it a candidate for a recapitalization from the US government, analysts said.
Read full story Comments Off IMF chief urges world cooperation to fight credit crisisPosted by UK Economy News
In UK financial news
10Oct 08 The head of the International Monetary Fund, Dominique Strauss-Kahn, urgently called Friday for "cooperative" actions to boost confidence and ease a global financial crisis.
Read full story Comments Off Berlin working on British-style banking bailout: reportPosted by UK Economy News
In UK financial news
10Oct 08 Germany is working on a plan to partially nationalise its banks along the lines of a similar British move this week, daily Die Welt said on Friday without saying where it got the information.
Read full story Comments Off Brazil trembles after currency loses nearly 1/3 of its valuePosted by UK Economy News
In UK financial news
10Oct 08 Once one of the most promising emerging markets, Brazil is now trembling from the effects of the global financial crisis after seeing nearly a third of the value of its currency wiped out in just two months.
Read full story Comments Off US trade gap shrinks amid softer global economyPosted by UK Economy News
In UK financial news
10Oct 08 The US trade deficit fell 3.5 percent in August to 59.1 billion dollars amid a drop in imports and weaker oil prices, government data showed Friday.
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