October 31. While world largest economy shranked by 0.3 percent and companies cutting more jobs, Japan is expected to cut its interest rate today and there are strong indications that ECB, Britian and Austrailia may follow the same next week.
Monthly Archive for October, 2008
October 30. US Commerce department reported in Washington that US economy shranked in third quarter less than forecast at 0.3 percent annual pace from July to September.
October 30. Singapore dollar rose to S4 1.4653. Earlier US, China, Hongkong and Taiwan lowered their interest rates and on annoncement of Fed to provide $ 30 billion liquidity injection to Sinagapore.
October 30. The US GDP data is to be released at 8.30 am in Washington today. According to reports the economy shranked in third quarter more than expected.