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US stocks slide

Wed, 07 Jan 2009 22:19:04 GMT

US stocks slid, erasing most of the market's 2009 gain, as a private report showed employers cut more jobs than estimated in December and companies from Alcoa Inc.

Japan to monitor greenhouse gases from space

Wed, 07 Jan 2009 22:19:36 GMT

Japan's space agency will launch a satellite later this month to monitor greenhouse gases around the world, officials said Wednesday, hoping the data it collects helps global efforts to combat climate change.

World markets hit by US unemployment fears

Wed, 07 Jan 2009 22:32:38 GMT

U.S. and European stock markets fell sharply Wednesday amid fresh worries about the U.S. labor market following a grim jobs survey and the announcement aluminum producer Alcoa will slash jobs.

Shares poised to fall

Wed, 07 Jan 2009 22:18:55 GMT

The Australian stock market is likely to open weaker after stocks on Wall Street and commodity prices fell overnight.

Roland: The coaching bug

Wed, 07 Jan 2009 22:37:49 GMT

While the prevailing limp and gray hair in his beard signify aging, Roland's desire to coach hasn't diminished.

UN adviser: Asia should tap reserves to ease slump

Wed, 07 Jan 2009 22:44:47 GMT

Asia should tap its $4 trillion in currency reserves to avoid a significant economic downturn through public spending to bolster consumer demand, a U.N. economic adviser said Wednesday.

Procter & Gamble Poised to Battle Obama for Bondholders as Debt Sales Soar

Wed, 07 Jan 2009 23:02:28 GMT

Procter & Gamble Co., the worlda s largest consumer products manufacturer, and luxury automaker Daimler AG may pay hundreds of millions more in annual interest this year as they prepare to refinance debt with ...

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Thu, 08 Jan 2009 06:18:13 GMT

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Dollar slides on bleak corporate outlooks

Wed, 07 Jan 2009 23:06:24 GMT

The dollar slid against the euro, the pound and the yen Wednesday as U.S. companies gave bleak financial outlooks and traders anticipated weak U.S. jobs data later this week.

Dollar trims gains vs euro, yen after weak U.S. data - Reuters

Tue, 06 Jan 2009 15:18:00 GMT

NEW YORK, Jan 6 (Reuters) - The dollar trimmed gains against the euro and yen on Tuesday after data showed U.S. factory orders and pending home sales dropped more than expected. The euro trimmed losses against the dollar, rising as high as $1.3444 ...

Gold, silver futures prices plunge as platinum continues to rally

Wed, 07 Jan 2009 22:12:15 GMT

Gold prices went into steep declines by mid-morning Wednesday on the COMEX, while platinum prices have surged ahead to widen the premium over the yellow metal to almost $150. This strange trading ratio, now in ...

Toyota to suspend production for 11 days in Japan - WCPO

Tue, 06 Jan 2009 17:12:00 GMT

TOKYO (AP) - Toyota Motor Corp. says it will suspend production at all of its Japanese plants for a total of 11 days in February and March because of faltering global demand. Japan's top automaker announced last year it would halt production at its ...

UPDATE 1-ECB should cut rates if inflation below 2pct-Constancio - FXStreet.com

Tue, 06 Jan 2009 17:34:00 GMT

LISBON, Jan 6 (Reuters) - The European Central Bank should cut interest rates preemptively to avoid inflation falling far below 2 percent, the bank's Governing Council member Vitor Constancio said on Tuesday. Constancio told journalists that European ...

Japan backs away from fiscal target as recession bites - Economic Times

Tue, 06 Jan 2009 18:02:00 GMT

TOKYO: Japan's government edged away on Tuesday from its self-imposed goal of balancing the budget, acknowledging that the target was becoming harder to meet as the global financial turmoil pushes the economy deeper into recession. Under economic ...

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Thu, 08 Jan 2009 06:18:13 GMT

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Firms hope bath time can soak away economy blues - Daily Yomiuri On-Line

Tue, 06 Jan 2009 18:38:00 GMT

The cold weather is adding to the feeling of tough times sparked by the economic downturn. But solace may be on hand--or tap--in the form of a hot bath. Many companies are offering bath salts and other bathing agents that can spice up bath time. A ...

Resouces And Tech Power Asian Shares - Forbes

Tue, 06 Jan 2009 19:28:00 GMT

Toyota Motor (nyse: TM - news - people ), which said it will suspend production at its Japanese plants for 11 days in February and March, picked up 1.3%, to 3,050 yen ($32.77). (See "Toyota Hits The Brakes." ) Honda Motor (nyse: ...

US Dollar Forecast to Decline Against Japanese Yen - DailyFx

Wed, 07 Jan 2009 14:34:00 GMT

Jan 07 - US Dollar Forecast to Decline Against Japanese Yen Jan 06 - EURUSD Bullish Structure Jan 05 - AUDUSD Approaches Potentially Significant Resistance Jan 02 - EUR/USD Breakout Potential? Dec 29 - Euro May Fall From Recent Gains Dec 28 - Forex ...

Will the Horse Drink?

Wed, 07 Jan 2009 22:00:54 GMT

Almost everybody prefers inflation to deflation. Certainly, economists and politicians do.

Fannie Mae sells $2 bln bills at higher rates - FXStreet.com

Wed, 07 Jan 2009 15:02:00 GMT

NEW YORK, Jan 7 (Reuters) - Fannie Mae said on Wednesday it sold $2 billion in bills at higher interest rates compared with sales of the same maturities and size a week ago. Fannie Mae said it sold $1 billion of three-month benchmark bills due April ...

POLL-Yen to stay strong, hold below 100 vs dlr - Forbes

Wed, 07 Jan 2009 15:31:00 GMT

LONDON, Jan 7 (Reuters) - Japan's yen should hold firm below 100 to the dollar for most of 2009 as investors remain defensive in the midst of the global financial crisis, although it may weaken in the second half, a Reuters poll showed on Wednesday ...

Japan stocks up for 7th day on hopes for US plan - Columbia Missourian

Wed, 07 Jan 2009 16:00:00 GMT

Japanese stocks rose for a seventh straight trading day on Wednesday on optimism over a U.S. economic stimulus plan. Exporters like Panasonic and Honda also gained as the yen weakened, inflating their overseas income. The benchmark Nikkei 225 stock ...

Germany beat US 2-1, Russia down Taiwan

Wed, 07 Jan 2009 21:56:03 GMT

James Blake's bid for a third Hopman Cup title will have to wait after the United States slumped out of contention with a 2-1 loss to Germany on Wednesday.

PIMCO says too early to buy emerging markets - Reuters

Wed, 07 Jan 2009 17:11:00 GMT

HONG KONG (Reuters) - PIMCO, the world's largest bond fund manager, is still cutting its exposure to emerging markets and turning to high-grade investments in Europe and the United States, the firm's Asia chief executive said on Wednesday. PIMCO is ...

Tohoku Univ. Hospital fails to pay docs 55 mil. yen in overtime wages - Daily Yomiuri On-Line

Wed, 07 Jan 2009 18:44:00 GMT

SENDAI--Tohoku University Hospital in Sendai has failed to pay doctors 55 million yen in overtime wages since the university became a national university corporation in 2004, sources said. Since the Sendai-based university hospital was transformed ...

Toyota to suspend production in Japan - Arkansas Online

Wed, 07 Jan 2009 18:51:00 GMT

TOKYO - Toyota is suspending production at all 12 of its plants in Japan for 11 days over February and March, a stoppage of unprecedented scale for the nation?s top automaker as it grapples with shrinking global demand. The last time Toyota Motor ...

U.S. stocks rally runs out of steam

Wed, 07 Jan 2009 21:52:49 GMT

The New Year surge on Wall Street petered out on Wednesday. In afternoon trading the Dow Jones Industrials were down 157.70 points or 1.75% at 8,857.40. The Nasdaq Composite was down 33.27 points or 2.01% at ...

Dollar May Fall Second Day Versus Yen on Job Cuts, Stock Drop - Bloomberg

Wed, 07 Jan 2009 22:19:00 GMT

Jan. 8 (Bloomberg) -- The dollar may weaken a second day against the yen after a report showed the U.S. job market deteriorated and stocks tumbled, reinforcing investor expectations for a protracted recession. The greenback fell from an almost four ...

Yen Crosses Hit a Wall: Declines Expected - DailyFx

Wed, 07 Jan 2009 22:40:00 GMT

The EURJPY has ranged between primarily 115 and 1.30 since early October. 130 has been put to test the past several weeks and a sizeable setback may be about to occur. Still, I expect a break above 131.13 and larger correction of the decline from 1 ...

U.S. Markets Down Wednesday

Wed, 07 Jan 2009 21:49:53 GMT

U.S. stocks indexes were lower Wednesday after Alcoa Inc. said it would shed 13,500 jobs.