From Reuters: China’s Yuan Jumps After Flexibility Pledge The yuan closed at 6.7976 against the dollar, up 0.42 percent from Friday’s close …
Posts Tagged recovery-and
From Bloomberg: China Yuan Pledge Suggests Peg to Dollar May Go Here are some excerpts from the statement (via WSJ): In view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the People´s Bank of China has decided to proceed further with reform of the RMB exchange rate regime and to enhance the RMB exchange rate flexibility.
From Sewell Chan at the NY Times: Bernanke Forecasts a Fitful Recovery “My best guess is that we’ll have a continued recovery, but it won’t feel terrific,” Mr. Bernanke told the broadcast journalist Sam Donaldson in a question-and-answer session at the Woodrow Wilson International Center for Scholars
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) has been out on just about every media outlet that he can reach people on to discuss the notions of a second stimulus package. He has said this week and before how there is no recovery and how there are no green shoots out there [[ This is a content summary only.
These are the top pre-market analyst upgrades and positive research calls we have seen early this Friday morning with more than two hours until the market opens for trading: Arcelor Mittal (MT) Raised to Hold at Citigroup.
