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Dollar Heads for Weekly Decline Versus Yen Before U.S. Payrolls

Published December 4, 2008, 8:05 pm, Bloomberg

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.

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Zombie Banks & Gold Trigger

Published December 4, 2008, 8:02 pm, GoldSeek.com

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.

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HDFC Bank, HSBC reduce deposit rates

Published December 4, 2008, 8:01 pm, Business Standard India

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.

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65,000 lose jobs in 3 months across 121 firms: Govt survey

Published December 4, 2008, 8:01 pm, Business Standard India

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.

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Japan Bond Risk Rises as BOJ Action Falls Short of Credit Needs

Published December 4, 2008, 7:56 pm, Bloomberg

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.

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FX round-up: Euro rises despite bigger than expected rate cut

Published December 4, 2008, 7:35 pm, ShareCast

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.

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Easing inflation gives central bank more flexibility

Published December 4, 2008, 7:34 pm, GMA News

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.

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(AFX UK Focus) 2008-12-05 03:30 Glance-PRESS DIGEST - Financial Times - Dec 5

Published December 4, 2008, 7:32 pm, Interactive Investor

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".

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Japan Bond Risk Rises as BOJ Action Falls Short of Credit Needs

Published December 4, 2008, 7:12 pm, Bloomberg

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.

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Australian dollar shows strength against majors

Published December 4, 2008, 7:00 pm, INO News

(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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