Archive for December 2012
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Pope Benedict on Friday called for a new economic model and ethical regulations for markets, saying the global financial crisis was proof that capitalism does not protect the weakest members of society. In his message
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Greece has formally unveiled a bill to boost tax revenues under the terms of its international bailout, part of a two-pronged attack to get its citizens and firms to pay their way. The planned measures
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Canadian manufacturing sales unexpectedly plunged by 1.4 percent in October from September in the latest sign the economy is struggling to cope with market problems abroad and due to the effect of a strong Canadian
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Ghana's cedi may benefit from an inflow of dollars ahead of a bond sale in January, the first since elections in the west African nation. Kenya and Tanzania's shillings are expected to hold firm as
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The Canadian dollar weakened slightly against its US counterpart on Friday, as hopes faded that a US budget deal will be brokered by the end of the year. An impasse between Democrats and Republicans is
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The Romanian leu hit a 3-1/2-month high on Friday on rising hopes that an overwhelming victory for Prime Minister Victor Ponta in an election last weekend will stabilise policymaking. Other currencies were little changed in
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The dollar fell from a near nine-month high against the yen while the euro rallied to its highest against the greenback since early May on Friday as US inflation data affirmed the Federal Reserve's ultra-easy
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Mexico's peso gained and Chile's currency hit a nearly two-month high on Friday after a drop in US inflation backed bets that ultra-easy monetary policy in the United States will keep pushing investors toward emerging
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Currency speculators turned bearish on the US dollar for the first time since late October, while short yen positions rose in the latest week to their highest in over five years, according to data from
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Key Euribor bank-to-bank lending rates firmed on Friday, finding fresh support after comments from a key European Central Bank policymaker dampened expectations that the bank will cut interest rates soon. ECB chief economist Peter Praet
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