The strength of the Japanese currency compounded companies' woes during the recent recession by making their exports less competitive just as foreign demand was shrinking rapidly
Yen's rise spoils party for Japan's exporters
Source: www.ft.com
Read more...
Wall Street Market Opens Lower
Stocks opened slightly lower on Wednesday, putting the S&P 500′s three-day winning streak in jeopardy after weaker-than-expected euro zone economic data. The Dow Jones industrial average .DJI was down 12.11 points, or 0.09 percent, at 12,953.58. The Standard & Poor’s 500...
Analyst Moves: PG, USG
Procter & Gamble (PG) was upgraded today by Bank of America/Merrill Lynch from neutral to buy with a $75 price target, as the company...
The IPCC May Have Outlived its Usefulness – An Interview with Judith Curry
As the global warming debate increases in its intensity we find both sides deeply entrenched, hurling accusations and lies at one another in...
Latvia/IMF do not discuss devaluation
Latvia and the IMF did not discuss a devaluation and are trying to maintain the present peg to the euro via a new budget. Swedish banks will breath a short-term sigh of relief. This is modestly EUR supportive, but the focuc is more on US jobs figures at the moment. EUR/USD is quiet at...
Japan MOF: G8 may discuss exit strategies
A senior MOF official said today that finance ministers from the G8 may discuss exit strategies from extraordinary policy steps taken to combat the global crisis. He went on to say that he doesnt think Latvia will be a major topic at the G8 this...