Watch the Dollar

01-07-2009 • Sri Lanka's Daily News

"In short, beware the happy talk from those who say we are “turning the corner,” ignore the daily ups and downs of the market, and tighten your belts. This is going to hurt."

U.S. debt is losing its appeal in China

01-07-2009 •

In the past China has bankrolled its huge reserves by effectively requiring its entire banking sector, which is state-controlled, to hand nearly one-fifth of its deposits over to the central bank. The central bank, in turn, has used the money to buy

Russia stops all gas supply to Europe via Ukraine

1-07-09 • news.yahoo.com/s/ap/

Russia shut off all gas supplies to Europe through Ukraine on Wednesday — leaving tens of thousands of people in more than a dozen countries without heat during a winter cold snap. The EU accused both nations of holding consumers hostage in their con

Nikkei rises 1.1 percent on Fed rate cut

12-17-2008 • Reuters

The Nikkei average rose 1.1 percent on Wednesday, with banking stocks among the biggest gainers after the U.S. Federal Reserve slashed borrowing costs to a record low, prompting a rally on Wall Street.

Baltic Dry Index shows signs of revival, without credit nothing moves

12-16-2008 • Sharidan M. Ali, TheStar Online Edition

On Dec 11, 2008 the index stood at 711 after a 94.4% decline which began last May. Recent figures however show a 6% increase in the index. It’s a good development but the jury is still out when it comes to longer-term prospects. BDI measures the d

Housing Starts Decline to Record 49 Year Low

12-16-08 • CalculatedRisk.blogspot.com

Single-family starts were at 441 thousand in November; the lowest level ever recorded (since 1959). Single-family permits were at 412 thousand in November, suggesting single family starts may fall even further next month.