Posts Tagged ‘Recession’
“The dollar fell to the lowest level this year against the currencies of six major U.S. trading partners as speculation the global economy is emerging from the recession reduced demand for a refuge.
The Australian dollar advanced to the highest level since September against the U.S. currency after the Reserve Bank said the economy may rebound faster than forecast six months ago. The euro climbed to a seven-week high against the dollar after Deutsche Bank AG said second-quarter profit rose 68 percent, beating analysts’ estimates…
The Dollar Index, which the ICE uses to track the dollar against currencies including the yen, pound and Swedish krona, fell as much as 0.4 percent to 78.315, the lowest level since Dec. 18, and was at 78.509 at 7:30 a.m. in New York, compared with 78.626 yesterday. The euro advanced 0.2 percent to $1.4256 per euro, from $1.4232. The 16-nation currency traded in a range of $1.3833 to today’s high of $1.4304 in July…”
source: bloomberg.com
“The UK’s technology industry can pull the country out of its debt hole and make up for the decline in manufacturing.
So reckons Micro Focus, which is launching a manifesto called Making BrITain Great Again. The group is promoting five policy moves backed by its panel of three parliamentarians – Tory Lord Young of Graffam, Labour’s Lord Harris of Haringey and for the LibDems Lord Razzall of Mortlake.
The group notes the long-term decline of UK manufacturing and the recent collapse of financial services shows the need for the UK to have some basis for sustainable growth in the future. The group calls for all political parties to embrace the same five point strategy as follows.”
via theregister.co.uk