Archive for April 16th, 2009

Central Bank Watch

Rate Cuts in Turkey (75 bps) and The Philippines (25 bps)

April 16, 2009

A sixth round of rate cuts has been implemented by the Central Bank of the Republic of Turkey, the borrowing rate lowered by 75 basis points to 9.75%.  Previous cuts were made on March 19 of 100 bps, February 19 of 150 bps, January 15 of 200 bps, December 18 of 125 bps and November […] More

From Where Will a U.S. Recovery Emerge?

April 16, 2009

From Wall Street to Main Street to residential areas, people everywhere are trying to talk themselves into believing that better economic times lie not far ahead.  Some time ago, many analysts earmarked the third quarter of 2009 as a probable onset for economic recovery.  That period at first was far in the future but is […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Optimism From China

April 16, 2009

The yen and dollar are stronger.  The dollar lost 0.4% to the yen but has risen 1.4% against the kiwi, 0.7% against the Australian dollar, 0.5% versus the Swiss franc and sterling, 0.3% against the euro and 0.1% against the Canadian dollar. Asian stock markets closed mixed, with losses of 3.0% in India, 1.8% in […] More