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The Wall Street Journal - The dollar's sharp turn weaker into the end of the year is threatening to reshuffle winners and losers in global trade amid the toughest economic conditions in decades. For countries like Japan and Germany, it is a source of anxi...
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Reuters - HONG KONG - Hong Kong's central bank, the Hong Kong Monetary Authority, confirmed on Wednesday it had injected HK$2.325 billion ($298 million) into the city's banking system late on Tuesday in New York trading to curb the strength of the Hong Ko...
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Bloomberg - The Federal Reserve chose BlackRock Inc., Goldman Sachs Asset Management, Pacific Investment Management Co. and Wellington Management Co. to manage a $500 billion purchase of mortgage-backed securities it plans to complete by June. ...
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Associated Press - COLOMBO, Sri Lanka — A private bank saddled with bad debt that threatened to destabilize Sri Lanka's financial system was taken over Monday by the island nation's Central Bank....
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The New York Times - Federal regulators will permit the financing arm of General Motors to become a bank and gain access to billions of dollars in government aid, a crucial step that will help ensure the survival of the company....
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Bloomberg - Mauritius’s central bank said it agreed to provide a total $125 million to local lenders to help address the ongoing credit crunch....
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Bloomberg - Vietnam’s central bank devalued the dong by 3 percent to help exporters after the Southeast Asian economy expanded at the slowest pace in nine years and the trade deficit widened. The State Bank of Vietnam fixed the reference rate at 16,989 ...
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Reuters - SHANGHAI - China's central bank signalled it would stick to a policy of low interest rates and easy money well into 2009 in the bank's regular open market operations on Thursday, as it tries to prop up the country's slowing economy....
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The Wall Street Journal - WARSAW - Poland's central bank cut its benchmark interest rates by three-quarters of a percentage point, in an unexpectedly aggressive response to signs the country's economy is rapidly decelerating....
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Bloomberg - Russia devalued the ruble for the third time in a week, sending the currency to its lowest level against the dollar since January 2006, as oil’s drop below $37 a barrel dimmed the outlook for growth....
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Reuters - KIEV - President Viktor Yushchenko dug in on Monday against attacks by Ukraine's prime minister, rejecting blame for a deep economic slide and refusing to sack the central bank chief after the hryvnia currency sank to record lows. Ukraine's poli...
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Reuters - RIO DE JANEIRO - Brazil's central bank said on Monday it offered an unspecified amount of dollars in an auction on the spot foreign exchange market....
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The Wall Street Journal - MOSCOW - The World Bank called on Russia to abandon the ruble's managed exchange-rate policy in order to moderate capital outflow, which is set to reach at least $100 billion this year, and safeguard the country's massive monetar...
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The Age - China's central bank announced on Monday a cut of 0.27 percentage points in its benchmark one-year deposit and lending rates, the fifth interest rate cut since September. In a statement posted on its website, the bank said the one-year lending r...
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Bloomberg - The yen weakened against the euro and the dollar as a record plunge in Japan’s exports last month signaled the world’s second-largest economy was falling deeper into a recession. The ruble slid to the lowest level against the dollar in alm...
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Los Angeles Times - WASHINGTON - President Bush on Friday announced $13.4 billion in emergency loans to prevent the collapse of General Motors and Chrysler, and another $4 billion available for the hobbled automakers in February with the entire bailout co...
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Los Angeles Times - Reporting from Tehran and Beirut - Iran is considering a $300-million financial bailout plan for companies listed on its weakened stock market, a newspaper reported this week, as share prices falter for businesses hurt by sagging oil a...
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Reuters - LONDON - Gold dropped nearly 3 percent on Friday as the euro lost ground against the dollar and bullion's recent rally slowed the pace of physical purchases. Spot gold fell to a session low of $829.10 an ounce but trimmed some of its losses to ...
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Bloomberg - Ukraine’s currency jumped 11 percent against the dollar after the second interest-rate increase in two days aimed at halting a plunge that the government says would cause defaults on most foreign-currency loans....
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The Washington Post - An investigation of Bernard L. Madoff's company by the Securities and Exchange Commission that ended without finding evidence of fraud is emerging as a defining failure for an agency struggling to defend its reputation....
