Resignation of Japan’s Prime Minister Not Likely to Affect Economy
Economists don’t expect Japan’s Prime Minister Yasuo Fukuda’s abrupt resignation to have any effect on Japan’s economy, currently heading into a recession caused by higher commodity prices and a slowdown in exports.
U.S. Republicans Resume Convention
As Hurricane Gustav recedes, Republicans turn their attention back to the party’s convention in St. Paul, Minnesota.
Spreads on Credit Card Bonds Widen
As growing unemployment cuts into overall household income in the U.S., investors continue to abandon securities backed by credit card loans over fears of deeper reductions in consumer spending.
OECD Forecasts Slow Economic Growth for G7 Countries
The Organization for Economic Co-Operation and Development sees little growth for Eurozone countries.
Hanna May Re-Gain Hurricane Strength, Aim at U.S. East Coast
Will new Hurricanes appearing on the radar provide a temporary base for plummeting oil prices?
Oil Drops as Gustav Weakens
Oil shed nearly $10 a barrel as Gustav hit the Gulf Coast with much less intensity than feared originally.
Aussie Dollar Falls After Rate Cut
The Reserve bank of Australia dropped the benchmark Cash Rate to 7%. This quarter point drop represents the first interest rate cut since 2001.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012