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Category: Business News
Japan Continues Hold the Yen currency
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No double dip (probably)
The economics research team at Goldman Sachs has done excellent work over the past few years; they were among the most prescient forecasters in seeing the economic damage that the housing bust and credit crisis would wreak. So their analysis is worth a particularly close read.
Spain’s Record Yields Show Italy Bailout Risk as Crisis Spreads
Spain’s benchmark borrowing costs climbed to a record yesterday, raising the specter of sovereign bailouts for the government in Madrid and then Italy that would stretch European Union finances to their limit.
Central banks join forces to ease financial strains
Some of the world’s biggest central banks have announced a programme of co-ordinated action designed to support the global financial system.