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Wednesday, 07 January 2009

Peso rallies after Fed rate cut

Most Read Business OPEC makes deepest oil supply cut ever BSP investigates 9 rural banks Peso rallies after Fed rate cut SM serving millions PSE suspends trading of Meralco shares Asian units rally, peso at P46.90 per $1 2008 turned financial heroes to zeroes Malpractice Dragonair launches Manila-HK flights Big 3 out on bail 2 airlines seek more flights to Japan 2 more 'erring' rural banks closed down Business Most Read RSS...

Full Story: Inquirer

Financial crisis Top Stories

Backdropped by the ancient Parthenon, protesters can be seen after they placed giant banners off the Acropolis hill, in Athens, Wednesday Dec. 17, 2008. Protesters in Greece have hung the two banners over the ancient monument's walls with slogans calling for mass demonstrations and 'resistance' after days of violent protest sparked by the fatal police shooting of a teenager in

Protest banners hung from Acropolis Al Jazeera

OPEC Approves Production Cut Chosunilbo

A Saudi pays after he fueled his vehicle at a gasoline station in Riyadh, Saudi Arabia, Thursday June 19, 2008.

SAMA decision sends Saudi shares soaring Arab News

Goldman Sachs agrees to Panasonic's Sanyo offer The Australian

More Financial crisis News Stories

Dollar extends drop against euro, yen after Fed cuts key interest rates Star Tribune

NEW YORK - The dollar sank to a fresh 2-month low against the euro and a 13-year low versus the yen on Wednesday, a day after the Federal Reserve cut a key lending rate target to historic lows. The 15-nation euro surged to $1.4377 in New York midday trading, up from $1.3976 late Tuesday in New York....

Oil drops $3 as record OPEC cut seen too little The Guardian

* OPEC cuts 2.2 million bpd of crude output * Dealers say record cut not enough to offset demand slide (Adds details) By Richard Valdmanis NEW YORK, Dec 17 (Reuters) - Oil prices dropped $3 on Wednesday to their lowest levels in more than four years after OPEC announced a record supply cut that...

European shares close lower as banks weigh The Guardian

* FTSEurofirst 300 falls 0.8 percent * Banks drop on renewed worries about losses * Oil stocks add most to index, despite oil price drop By Christoph Steitz FRANKFURT, Dec 17 (Reuters) - European shares closed lower on Wednesday as concerns about further losses at major banks persisted and grim data...

UPDATE 1-France's Icade sees housing sales decline The Guardian

* Sees 15 percent fall in housing unit sales in 2009 * Hopes to complete sale of unit in 2009 (Writes through with further comment, detail) By Juliette Rouillon PARIS, Dec 17 (Reuters) - Icade, the property group majority owned by French state bank Caisse des Depots (CDC), said on Wednesday it was...

TOPWRAP 7-Oil prices fall as OPEC cuts output; gloom persists The Guardian

* Central banks ease rates in wake of Fed move * Analysts say BOJ could act later this week * Morgan Stanley loss exceeds forecasts * Stocks rally short-lived, dollar slides By Mary Milliken NEW YORK, Dec 17 (Reuters) - An historic supply cut by OPEC on Wednesday, meant to raise the price of oil,...

Bank of Canada sees households managing in 2009 The Guardian

(Adds remarks on nonconventional policy. Changes dateline, previous OTTAWA) By Frank Pingue TORONTO, Dec 17 (Reuters) - Bank of Canada Governor Mark Carney said on Wednesday that 2009 would be a challenge for many Canadians but he cautioned against overplaying the "extreme scenario" of a possible...

Dollar extends decline a day after Fed rate cut The News Tribune

NEW YORK -- The dollar sank to a fresh 2-month low against the euro and a 13-year low versus the yen on Wednesday, a day after the Federal Reserve cut a key lending rate target to historic lows. The 15-nation euro surged to $1.4377 in New York midday trading, up from $1.3976 late Tuesday in New...

Health care costs WIBA's biggest concern Business Journal

With an incoming president, local health care and business experts ponder future Confidence of U.S. business leaders deteriorates along with the economy Board president: Financial crisis won't ‘change the thinking’ on $370M bond Fluhr to speak at WIBA luncheon The cost of health care benefits is the...

Northwest Side office park nets new tenants Business Journal

Media City approves variance for TIAA-CREF building Crisis Center of Tampa Bay has new leadership Demand rises for debt advisers Mergers climb ladder of possibility as nonprofits battle slow economy Real estate vets offer their outlook for the local market...

Helen Bader Foundation issues grants Business Journal

UWM Research Foundation planting seeds for growth National job training effort targets Milwaukee workers Barrett launching foreclosure prevention program Bader grant will help fund summer youth jobs Milwaukee’s Helen Bader Foundation, undaunted by the plummeting stock market and economy, said...

PHOTOS

petrol - gas - crude oil - diesel - (rt1)

photo: WN

A Wachovia customer uses an ATM near the company's headquarters in Charlotte, N.C., Monday, Sept. 29, 2008. It was only days ago that Wachovia Corp. appeared headed toward a deal with Morgan Stanley, a merger that would have moved a piece of staggering old Wall Street south and further established the Queen City as a new hub of the American financial system. Instead, only Wall Street's pain came to Charlotte's Tryon

photo: AP / Chuck Burton

Brother of His Holiness reconfirms Deng Xiaoping's offer on Tibet talk

photo: WN / Yeshe Choesang

photo: WN

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