Monday, December 29, 2008
Euro Rises As Economy Shows Signs Of Stabilizing, Pound Stumbles On Consumer Spending OutlookThe
Euro rallied above 1.4250 on comments from German Finance minister Peer
Steinbruek and French GDP showing growth in the third quarter.
Talking Points
• Japanese Yen: Finds Support On Middle East Violence
• Pound: Falls On Weakening Consumer Spending Expectations
• Euro: Rises As Growth... [read more]
Friday, December 26, 2008
Chinese dairy, declared bankrupt after tainted milk scandal, faces $160 million in debt
he
dairy at the center of China's tainted milk scandal has about $160
million in debt, state media reported Thursday, a day after the company
confirmed it was bankrupt.
Xinhua News Agency said Sanlu Group Co.
faces 1.1 billion yuan ($160 million) of net debt and that a branch of
the Shijiazhuang City... [read more]
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