Ailing economies get no respite
November 26th, 2008
The global economy is still on the way of deteriorating, and the signs of distress mounted last Friday. Shares in the US bank Citigroup Inc are plunging; oil prices are falling and the future of US carmakers hanging in the balance.
Given the economic slowdown and turmoil in financial market, the Bank of Japan left interest rates unchanged at 0.3 percent. This shows there is a long way for recovery. Global stock reaching a Read more…
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