Economists estimate that when Japan reports its December quarter GDP on Feb 15, it will show that the economy probably grew at the fastest pace since the first quarter of 2008, up 3.6%, as a
CNBC said Venezuela’s government ordered a 20 percent reduction in electricity usage and set restrictions on malls, billboards and casinos as the South American country suffers its worst drought in at least 40 years. Venezuela’s rivers and reservoirs power its hydroelectric plants that p Read more...
Markets Anxious Over Expiration of Special Liquidity Facilities
December 16, 2009
Despite an encouraging real estate report that showed new housing starts rebounded 8.9% in November, exceeding expectations, Wall Street finished only slightly higher. Cause of the anxiety - expiration of the special liquidity facilities, which have helped bolster the U.S. banking system after Read more...
Abu Dhabi Rescues Dubai
December 14, 2009
Markets were cheered by news that oil-rich Abu Dhabi bailed out its indebted neighbor Dubai, sparing the rest of the Emirates federation and Dubai the humiliation of an imminent default by one of the region’s star companies. Stocks in Dubai jumped 10 percent, the most in 14 months and &l Read more...
CNBC said Venezuela’s government ordered a 20 percent reduction in electricity usage and set restrictions on malls, billboards and casinos as the South American country suffers its worst drought in at least 40 years. Venezuela’s rivers and reservoirs power its hydroelectric plants that p