On The Global Front
· 10 US banks won approval to repay TARP funds
· Inventories at US wholesalers fell in April for the eighth straight month
· UK housing market showed signs of “stabilizing” in May
· German exports fell more than forecast in April
· Japan’s recession seen to be easing
On Malaysia
· [...] Continue Reading…
HIGHLIGHTS
On The Global Front
· Bank of England proposes extension to its Asset Purchase Facility
· German manufacturing orders hold steady in April after a rise in March
· Japan’s corporate bankruptcies drop for first time in 12 months
· Brazil, Russia, India and China buying US dollars at fastest pace since September [...] Continue Reading…
HIGHLIGHTS
On The Global Front
· U.S unemployment hits 25-year high at 9.4%
· Same-store sales for U.S retailers show bigger-than-expected drop in May
· France’s budget deficit may exceed record levels in 16 years
· Japanese bonds fall for third week as stocks advance
· IMF says its possible to create a new global [...] Continue Reading…
HIGHLIGHTS
On The Global Front
· Fewer U.S. workers claim for jobless benefits last week
· Bank of England leaves benchmark rate unchanged, keeps up plans to buy bonds
· European Central Bank has no plans to increase asset-purchase plan nor cut interest rates
· Russia’s central bank cuts interest rates for third time [...] Continue Reading…
