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Dec. 5 (Bloomberg) -- The dollar headed for a fifth weekly decline against the yen, its longest losing streak in four years, before a U.S. report that economists say will show the unemployment rate rose to the highest level since 1993.
The USGovt and financial system is growing deep commitments to support dead entities. Their business models have failed. They are bankrupt. Although with faulty business model, often laced with fraud, they have been fully adopted by the USGovt and US Federal Reserve.
HDFC Bank and HSBC have set the ball rolling for their private sector and foreign peers to lower deposit rates. Effective On Thursday, the country’s second-largest private sector lender HDFC Bank lowered deposit rates by 50-225 basis points across various maturities.
A survey of 121 export-oriented firms by the commerce ministry has revealed widespread job losses and dip in export orders. However, at the same time, new opportunities have also emerged.
Dec. 5 (Bloomberg) -- The cost of protecting investors from defaults on Japanese corporate bonds matched a record high on concern the central bank's efforts to unlock lending fall short of what credit markets need.
LONDON (SHARECAST) - Despite a rate cut by the European Central Bank that was larger than some pundits were predicting, the euro more than held its own against the US dollar Thursday.
MANILA, Philippines - Inflation's return to the single-digit level in November grants Philippine monetary authorities further flexibility when they decide on their next policy move.
The Bank of England cut interest rates from three percent to two percent on Thursday, their lowest level since 1951. The CBI praised the move, but its chief economic adviser Ian McCafferty warned that "what is critical for business and consumers alike is that this reduction is passed on".
Dec. 5 (Bloomberg) -- The cost of protecting investors from defaults on Japanese corporate bonds rose to match a record on concern the central bank’s efforts to unlock lending fall short of what credit markets need.
(RTTNews) - During early Asian deals on Friday, the Australian dollar showed strength against its major counterparts. Activity in Australia's construction industry contracted further in November.
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