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Gold down 1 pct to near 2-week low on firm dollar
Published December 3, 2008, 12:14 am, Khaleej Times
SINGAPORE - Gold fell more than 1 percent on Wednesday, defying a rebound in oil prices, after the U.S. dollar bounced against the euro and speculators in Japan shifted some of their money back to stocks.
Thai Rate Cut More Than Expected on Protest, Politics (Update1)
Published December 3, 2008, 12:12 am, Bloomberg
Dec. 3 (Bloomberg) -- Thailand’s central bank cut its benchmark interest rate for the first time in 17 months to support an economy hurt by domestic political turmoil and the global recession.
CA-BUSINESS Summary
Published December 3, 2008, 12:12 am, The Globe and Mail
HONG KONG (Reuters) - Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their luster despite offering the lowest yields in decades amid worries about the ailing global economy.
Sensex opens high 111 points
Published December 3, 2008, 12:10 am, New Kerala
Mumbai, Dec 03 : The 30 scrips sensitive index of Bombay Stock Exchange (BSE) today resumed firm at 8851.22 points with a big gain of 111.98 points from it last finish of 8739.24 on fresh speculative demand from mutual funds and others in view of better trend at Asian markets.
Plosser predicts recession's end
Published December 3, 2008, 12:09 am, Rochester Democrat and Chronicle
Philly Fed president sees growth in late 2009.
China currency issue heating up on eve of US talks
Published December 3, 2008, 12:09 am, INO News
(AP:SHANGHAI, China) A recent decline in the Chinese currency's value against the U.S. dollar after months of hovering in a narrow range is threatening to bring the long-simmering issue to full boil as U.S.-China economic talks get under way in Beijing.
The global crisis and India's growth rate
Published December 3, 2008, 12:08 am, Business Standard India
The XIth Plan targets should be recalibrated if the plan is to remain credible. India had a dream run of five years during 2003-08 as the GDP growth averaged nearly 9 per cent annually for five years, the best ever run over five years! The economy began to slow down from the middle of 2007-08.
Asia stocks, oil gain but confidence lacking
Published December 3, 2008, 12:07 am, KYIV Post
HONG KONG, Dec 3 (Reuters) - Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their lustre despite offering the lowest yields in decades amid worries about the ailing global economy.
Uganda: Why the Rural Poor Shun School
Published December 3, 2008, 12:06 am, AllAfrica.com
Kampala — WITH a stick slung across his shoulders, he sits under a tree to escape the scorching sun. Dressed in a threadbare shirt, he watches over goats grazing in a nearby bush. While his age-mates are in school, Deo Twijukye, 8, stays home to tend to goats.
China property slump threatens global economy
Published December 3, 2008, 12:05 am, Business Standard India
House prices in Shanghai, Shenzhen and Guangzhou are plunging, and the global economy may grind almost to a halt next year because of it.
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