Economic News

TOKYO (XFN-ASIA) - Japanese government bond prices ended the morning session sharply lower, tracking the fall in US Treasury bonds on Friday after October data showed an unexpected drop in the jobless rate, dealers said. There was also some caution ahead of tomorrow's 10-year bond auction, they said. At the break, the yield on the benchmark 10-year bond surged to 1.765 pct from 1.710 pct at the  ...

SYDNEY (XFN-ASIA) - The US dollar was higher against the yen and euro in afternoon trade here though currencies were generally moving in tight ranges ahead of speeches by Federal Reserve members tonight, dealers said. At 1.58 pm here (0258 GMT), the dollar was at 118.04 yen, up from 118.00 yen in morning trade. The euro was lower at 1.2710 from 1.2717 usd earlier. Dealers said currency markets a ...

This week's expected UK interest rates rise - along with a slowdown in the US economy - will cut economic growth in the UK to 2.3% in 2007, a report warns. Oxford Economic Forecasting (OEF) said that its downbeat prediction was based on anticipated weaker demand for exports and more reluctance to spend. Almost all analysts say that a rates hike to 5% is inevitable when the Bank of England meet ...

WASHINGTON (Dow Jones) -Is the economy a 90-pound weakling? Or is it about to go to the beach and kick sand in a lifeguard's face? In the last month, sometimes the economic data shows weakness, and other times, surprising strength. This week, economists expect the economy to the flex its muscles at bit. Such cross-currents are common as the economy slows down, said Brian Bethune and Nigel ...