G20 protesters besiege London banks: About 4,000 have held a series of protests in Britain's capital, one day before the city hosts a meeting of leaders of the G20 countries to discuss the global financial crisis. G20: China takes on the west: With its confidence boosted by the relative success of its stimulus package, China is predicting that it will lead a global recovery China's empty threat: If Wen Jiabao stops buying US debt, China's currency will rise – which is what America has wanted all along Alarming News: Bank Losses Spreading!: For the first time in history, U.S. banks have suffered large, ominous losses in a giant sector that, until now, they thought was solid: bets on interest rates. I’ll explain what this means for your savings and your stocks. ADP Says U.S. Companies Reduced Payrolls by 742,000 : Companies in the U.S. cut an estimated 742,000 workers in March, pointing to no relief in sight for the labor market amid the longest recession in seven decades, a private report based on payroll data showed today. US property prices down 29pc and still falling fast: The latest figures dash hopes that emergency action by the US Federal Reserve over the winter would at least slow the pace of decline.
Thursday, 2 April 2009
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