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US Economy Watch

Overview: Record oil prices bring inflation fears to fore

ft.com     10 hrs ago   188 related          

UK and European equities shuddered to their lowest levels since 2005 on Friday, a bleak end to a torrid week, as record oil prices fuelled inflation fears and sent investors fleeing to safety. The FTSE 100 fell 1.2 per cent to...

It's back to the 1970s as economy grabs limelight

Thirty-three years after the French president Valéry Giscard d'Estaing invited fellow world leaders to Rambouillet to discuss the west's economic crisis, the G8 will be working to a similar agenda when it meets in Japan. Gordon...

More bad news on the UK economy

fxstreet.com     22 hrs ago   279 related          

News and views FX markets traded with understandable caution overnight ahead of the ECB announcement and US jobs data. These produced sharp net gains for USD, mostly against EUR and CHF, as while the ECB hiked 25bp as expected...

Fed to start normalizing its monetary

fxstreet.com     15 hrs ago   12 related          

Impulses. Once again, the US economy is proving to be more “resilient“ than anticipated. At just over 1½%, we expect that GDP growth in Q2 2008 was even stronger than at the beginning of this year (+1%). The main catalyst was,...

Rand on the front foot

sabcnews.com     21 hrs ago   2 related          

Domestic financial markets are set to be dictated to by two factors today, the rand and commodity prices. Yesterday resources stocks were punished after coal prices fell to their lowest level in three years. Precious metal...

UBS hopes to avoid second-quarter loss

earthtimes.org     19 hrs ago   75 related          

Zurich - Shares in UBS AG bounded ahead Friday after the Swiss banking giant said it hopes to post second-quarter earnings at or just below breakeven, despite it battle to overcome the fallout from the US subprime mortgage...

US housing market seen getting worse

bbj.hu     22 hrs ago   5 related          

An even gloomier scenario may be in store for an already ailing US housing market if the overall economy slips into a recession, according to UBS Securities analysts. “The housing market has been in a recession for the past...

Financial crisis: Banking jobs expected to be cut by 15 percent

Financial crisis: Banking jobs expected to be cut by 15 percent Description / Introduction: According to senior bankers, job losses could reach about 15 percent of the US and European investment banking industry in the first...

FILIPINO REVOLUTIONARY LEADER ON GLOBAL FINANCIAL CRISIS

a new and unprecedentedlevel since the Great Depression. Ever intent on maximizingprofits by raising the organic composition of capital(constant capital over variable capital), the monopolybourgeoisie has reduced industrial...

Stalled in Seoul: How protests have humbled South Korea's 'Bulldozer'

ft.com     yesterday   764 related          

By Anna Fifield and Victor Mallet When Lee Myung-bak was preparing to take office as South Korea’s president in February, one of his top priorities was to dispatch a team of repairmen to Daebul industrial park in the south of...

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