Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...

UBS Expects Almost CHF2B 1Q Loss; To Cut 9000 jobs

Switzerland’s biggest bank, UBS announced Wednesday Share

Germany warns on global inflation after crisis

Germany’s Finance Minister Peer Steinbrueck, fears that after the economic crisis Share

Obama Sees “Glimmers of Hope and Signs of Progress”

President Obama said Friday, that there were “glimmers of hope” for the economy Share

German exports down 23.1 percent

German exports fell 23.1 percent year on year in February as the economic crisis Share

IMF places Toxic Debt at $4 Trillion

The International Monetary Fund (IMF) could place toxic debt at $4 trillion Share

Royal Bank of Scotland to cut 9000 Jobs

The Royal Bank of Scotland announced on Tuesday that it may cut up to 9,000 jobs Share

Japan announces 10 Trillion Yen stimulus package

Japan announced Sunday that it would roll out a fiscal stimulus of 10 trillion yen Share

Europe Hoteliers Expect Chain Bankruptcies

A survey of 261 European hotel executives has revealed a worse-than-expected outlook Share

Government launches website to deal with financial crisis

Finding it hard to cope with the financial crisis and the emotional turmoil during these difficult times? Share