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Forex Blog: World Economy In Shrink Mode

The World Bank's latest projections suggest that the global economy is all set to shrink in 2009, with major economies registering negative growth.
[...] read more »
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Trade deficit plunges as recession deepens

The U.S. trade deficit plunged in January to the lowest level in six years. While exports of American products - from farm goods to autos to civilian[...] read more »
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Darling hosts G20 finance ministers

Alistair Darling is to seek to lay the foundations for a global response to the recession as finance ministers from the world's biggest economies ga[...] read more »
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OPEC Will Consider ‘All Options’ as Oil Demand Extends Slide

OPEC will probably opt for a combination of a production cut and greater compliance at this weekend’s meeting in Vienna, Venezuela’s oil minister sai[...] read more »
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Obama Voices Optimism on the Economy - NYTimes.com

President Obama and his team sounded cautiously optimistic notes about the economy Friday as part of an accelerating campaign to project confidence t[...] read more »
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ECB Cuts Rates to Record Low as Economy Sinks, Job Losses Mount

The European Central Bank cut interest rates to a record low in an attempt to stem the worst recession since World War II. read more »
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Unemployment deepens

As bad as it is already, the economy keeps getting worse - and government figures Thursday provided more evidence that the downward spiral won't end[...] read more »
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US economy shrinks 6.2% in fourth quarter

The US economy shrank 6.2 per cent in the fourth quarter, the government said on Friday in a sharp downward revision of a prior estimate of a 3.8 per[...] read more »
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Currency Trading News: Euro zone inflation falls

Inflation in the 16 countries that use the euro tumbled to its lowest level for nearly a decade in January compared to a year ago, the European Union[...] read more »
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Economy slows retail development

Hawaii retail developers are facing a harsh reality in the ongoing national credit crunch and depletion of consumer wealth. read more »
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Will economy record 7.1 per cent growth in current fiscal?

With the economic growth crashing to over five-year lows of 5.3 per cent in the third quarter, there are apprehensions whether the economy would regi[...] read more »
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Swedish economy slumps 4.9 pct in 4th quarter

Sweden's economy contracted sharply by an annual 4.9 percent in the fourth quarter due to falling business inventories, exports and industrial produ[...] read more »
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The Associated Press: Wall Street points to flat open ahead of GDP data

Wall Street signaled a flat open Friday as investors awaited a key government report on how the economy fared in the final three months of 2008. read more »
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Sluggish economy hasn’t slowed down runners or marathons

Some 15,000 participants will turn downtown Fort Worth into a runners’ fiesta Saturday morning during the 31st annual Cowtown. read more »
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Lowe’s 4Q earnings drop 60%

Lowe’s Cos. Inc.’s fourth-quarter earnings plummeted 60 percent as home-improvement shoppers stayed away from stores. read more »
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