(CEP News) - The Australian dollar is down against majors today ahead of the Reserve Bank of Australia (RBA) meeting tomorrow, where the bank is expected to cut rates by 75 basis points to 4.50%.
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As the Bank of England prepares a further cut in interest rates this week, the widespread withdrawal of credit from the nation’s businesses threatens the worst recession in 20 years for the manufacturing sector, a leading industry association warns
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The European Commission is investigating patent settlements around Servier’s blood pressure medicine Perindopril as part of its probe into suspected anti-competitive practices
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The European Commission is investigating patent settlements around Servier’s blood pressure medicine Perindopril as part of its probe into suspected anti-competitive practices
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Fears grow that Brussels’ plans for regulating credit rating agencies threaten to create financial protectionism in debt markets
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Russia wants to show that it is prepared to meddle in Washington’s backyard, in response to US support for governments such as Ukraine and Georgia that Russia considers to be part of its sphere of influence
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(CEP News) Ottawa - Federal Finance Minister Jim Flaherty Sunday ditched the two most controversial items from his economic update released last week and appealed to other political parties to co-operate in helping plot a steady path for Canada through the current fiscal storm.
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(CEP News) Ottawa - The Canadian Conservative government has backed off plans to end a $1.95-per-vote subsidy for political parties, and says it will now table an early federal budget on Jan. 27, 2009. However, opposition MPs say that isn’t enough.
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If house prices are to return to pre-boom levels a further 25-30% drop is needed, meaning the market is only halfway through its slump
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Drug companies have blocked or delayed the market entry of cheaper generic medicines to Europe, adding billions to the cost of medicines to patients, a high-profile report from Brussels has found
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Drug companies have blocked or delayed the market entry of cheaper generic medicines to Europe, adding billions to the cost of medicines to patients, a high-profile report from Brussels has found
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As the oil cartel prepares to meet in Cairo calls are growing for a surprise cut as evidence the slowdown is leading to rising inventories in consumer countries
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UK high street sales fell more sharply than expected in November with 62 per cent of all retailers reporting that sales were lower in the first two weeks of the month than the year before
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Wave of last-minute alterations means more than half of all savings providers have made cuts to account offers
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Measures to limit the severity of the present crisis without exacerbating long-term risks will test their balancing skills
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Ireland’s leading fund managers are seeking to protect their investments in the country’s banks from further dilution by offering to co-invest with the Irish government
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Investors may be in for another challenging week as the market braces for the fallout from Black Friday sales and as a flurry of economic reports continue painting a dour picture.
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Investors may be in for another challenging week as the market braces for the fallout from Black Friday sales and as a flurry of economic reports continue painting a dour picture.
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(CEP News) - Fed funds futures are still pricing in a 36% chance of a 75bps fed rate cut by year end after U.S. markets were closed for the Thanksgiving holiday.
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(CEP News) - Traders will be back in full force in the coming week following thin trading due to the U.S. Thanksgiving holiday. It will be a big week in North America with the release of U.S. and Canadian employment data and U.S. ISM surveys.
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