| Liam Dann : Stimulate - or fix deficits? Ask the octopus... Should central governments keep pouring on the stimulus or start fixing their deficits, at the risk of creating a double-dip recession?Clearly this is a question for Paul the Octopus because none of the economic experts seems... nzherald.co.nz |
NZ dollar falls The New Zealand dollar fell out of favour with investors today after Federal Reserve chairman Ben Bernanke expressed concern about the United States economy, but managed to rally off lows late in the session.Mr Bernanke, in testimony... nzherald.co.nz |
Strong growth data boost Australian dollar [at Financial Times] - The Australian dollar surged higher on Wednesday as forecast-beating growth data dented market expectations that the Reserve Bank of Australia would cut interest rates to stimulate the economy. us.rd.yahoo.com |
Spain sells 4 bilion euros of bonds: reports [at MarketWatch] - Spain on Thursday sold 4 billion euros of 10- and 30-year bonds, while borrowing costs fell, news reports said. The government sold 2.72 billion euros of 10 year bonds at an average yield of 4.144%, compared to 4.864% in a June sale, Bloomberg reported. us.rd.yahoo.com |
Geithner says China engaged on forex: report Treasury Secretary Timothy Geithner said China will continue to move toward exchange rate flexibility and is now actively engaged on global foreign exchange issues. finance.yahoo.com |