RO FOREX Cursuri Analize Contact Request Contact Cont DEMO Ajutor

Stiri Economice

RTT - Economic%20News

Global financial news, market analysis, economics and forex news
last updated: Oct 13 2008 7:50 AM
  • Australia, New Zealand Join The Deposit Guarantee Club
    The Australian and New Zealand governments announced measures to lessen the impact of the global financial market rout on their banking systems, over the weekend. The move came in response to similar efforts agreed by G-7 nations to stabilize financial markets and restore the flow of credit, to support global economic growth.
  • Leading Central Banks Take Addl. Joint Measures To Boost Dollar Liquidity
    Monday, leading central banks across the globe announced additional measures to provide broad access to liquidity and funding to financial institutions. This is the latest in a string of coordinated measures by world central banks to tackle the fast spreading global financial market crisis.
  • Norway To Issue NOK350 Bln Govt. Bond Swap Facility
    The Norwegian government and the Norges Bank presented two targeted initiatives to lift confidence in the financial market. The Government will issue bonds worth 350 billion kroner that would provide collateral for funding operations of banks.
  • Leading Central Banks Announce Further Joint Measures To Boost Dollar Liquidity
    Monday, the U. S. Federal Reserve along with the Bank of England, the European Central Bank, the Bank of Japan and the Swiss National Bank announced further measures to boost liquidity in short-term U.S. dollar funding markets. The central bank joint action is meant to provide broad access to liquidity and funding to financial institutions.
  • European Economics Preview: UK Output Price Inflation Forecast to Ease
    Monday, the week is set to begin with the release of UK producer price inflation as well as Swiss producer and import price details.
  • India slashes Cash Reserve Ratio sharply to meet liquidity needs
    The Reserve Bank of India, RBI, further reduced the Cash Reserve Ratio by 100 basis points, Friday, following the 50 basis points cut announced on Monday. The emergency measure was taken to inject much needed liquidity in the domestic money markets, even as the global environment rapidly deteriorated. The cut, which will take effect from October 11, is the first reduction in CRR in at least five years. The bold stroke would inject Rs. 60,000 crores or $12.2 billion into the system.
  • Bush Pledges Continued Government Action To Stem Financial Crisis
    President George W. Bush attempted to boost confidence in the midst of a financial crisis Friday, as markets around the world saw another sharp sell-off. "Over the past few days we have witnessed a startling drop in the stock market much of it driven by uncertainty and fear," Bush said in remarks delivered outside the White House. "This has been a deeply unsettling period for the American people."
  • Europe Round Up - French Industrial Production Falls; Swiss Jobless Rate Holds Steady
    Friday, many European countries released industrial production and inflation data at the end of the week. The French industrial production declines less than expected, while production decline worsened in Italy. In Switzerland, the jobless rate remained unchanged as expected. Inflation accelerated in Norway and Slovakia, while eased in Romania and Denmark.
  • Trade Deficit Narrows Roughly In Line With Estimates In August
    Friday morning, the Department of Commerce released its report on U.S. international trade in goods and services in the month of August, showing that the trade deficit narrowed as the value of imports fell faster than the value of exports. The report showed that the trade deficit narrowed to $59.1 billion in August from a revised $61.3 billion in July.
  • Asia Round Up - Singapore Slips Into Recession; Indian Central Bank In Bigger CRR Cut
    Friday, activity remained hectic in Asia at the end of the week and gloomier data were released from some key economies in the region.
  • MAS Changes Policy Stance As Singapore Drifts Into Recession
    Friday, the Monetary Authority of Singapore shifted its policy stance to a zero percent appreciation of the Singapore dollar nominal effective exchange rate, after the economy contracted in the third quarter. According to the central bank, the current level of the policy band will be maintained and there would be no re- centering of the band or change to its width.
  • Swiss Jobless Rate Holds Steady At 2.4% In September
    Friday, the State Secretariat for Economic Affairs or SECO said the Swiss jobless rate stood at 2.4% in September, unchanged from August. The rate matched economists' expectations.
  • European Economics Preview: French, Italian Industrial Production Data Due
    Friday, major statistical reports expected from Europe include French as well as Italian industrial production.
  • Indian Central Bank Announces Bigger Cut in CRR
    Friday, the Reserve Bank of India reduced the Cash Reserve Ratio or CRR by 150 basis points to 7.5%, with effect from the fortnight beginning October 11 instead of the 50 basis points reduction announced on October 6, which was the first reduction in CRR in at least five years.
  • U.S. To Shore Up Banks Through Capital Injections, Reports State
    As financial markets continue their free-fall despite action by the U.S. government in terms of a $700 billion bailout, the U.S. Treasury department is reportedly ready to inject capital directly into the embattled banking system. Several media outlets are reporting that Treasury Secretary Henry Paulson is looking at the end of October to begin the nationalization process.