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28.02.2012 Yen Rises as Exporters Repatriate Funds, Investors Bet Drop Was Too Rapid
The yen gained against 15 of its 16 major peers on speculation Japanese exporters were taking advantage of recent declines to bring home overseas earnings.
Japan’s currency climbed for a second day versus the dollar, its first back-to-back gain in two weeks, as traders bet that the yen’s drop to a nine-month low yesterday was too rapid. The 17-nation euro advanced against the greenback before theEuropean Central Bank allots a second round of unlimited three-year funds tomorrow to help shore up the region’s banks.
Read more: 28.02.2012 Yen Rises as Exporters Repatriate Funds, Investors Bet Drop Was Too Rapid
28.02.2012 Petrol to surge, threaten the economy
Economists believe bowser prices will climb back towards the all-time high of $1.67 over the coming months, undermining prospects for a recovery in business and consumer sentiment.
The price surge is likely to have a similar impact on household finances to an increase in the official interest rate, analysts say, and threatens to weigh on economic growth.
Crude oil prices yesterday soared to their highest levels since July 2008, as tensions between Iran and Western economies simmered.
Read more: 28.02.2012 Petrol to surge, threaten the economy
27.02.2012 NYMEX-Oil steady near 10-month highs on supply worries
Feb 27 (Reuters) - Oil prices held near a 10-month high in early Asian trade on Monday due to supply concerns as tensions over Iran's disputed nuclear programme worsened, overshadowing fears of the global economy slowing down due to Europe's debt crisis.
Read more: 27.02.2012 NYMEX-Oil steady near 10-month highs on supply worries
27.02.2012 GLOBAL MARKETS-Oil hurts stocks, Europe hopes underpin euro
TOKYO, Feb 27 (Reuters) - Asian shares fell on Monday as high oil prices raised concerns about global growth, while signs of fresh steps from major economies to contain the euro zone debt crisis and expectations for the European Central Bank's funding underpinned the euro.
Read more: 27.02.2012 GLOBAL MARKETS-Oil hurts stocks, Europe hopes underpin euro
26.02.2012 G20 moves to line up huge rescue deal for April
(Reuters) - The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.
Read more: 26.02.2012 G20 moves to line up huge rescue deal for AprilMore Articles...
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Statement by the G-8 on Global Oil Markets
20 May 2012 | 12:30 am“There have been increasing disruptions in the supply of oil to the global market over the past several months, which pose a substantial risk to global economic growth. In response, major producers have increased their[…]
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Statement by G-8 Leaders on the Global Economy
20 May 2012 | 12:29 amOur imperative is to promote growth and jobs. The global economic recovery shows signs of promise, but significant headwinds persist. Against this background, we commit to take all necessary steps to strengthen and reinvigorate our[…]
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