InfoAnda - Bernanke eyes recovery, Japan PM call for dollar confidence

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Twitter revamps website as usage soars | 15 September 2010
Jeremy Shockey to the rescue: Panthers tight end saves teammate from choking | 31 August 2011
U.N. court acquits priest of genocide in Rwanda | International | | 18 November 2009

Japanese footballers return home | 2 July 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Bernanke eyes recovery, Japan PM call for dollar confidence

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Bernanke eyes recovery, Japan PM call for dollar confidence AFP - Wednesday, February 25 WASHINGTON (AFP) - - US Federal Reserve chief Ben Bernanke held out hope for an end to the recession later this year as Japanese Prime Minister Taro Aso called for global confidence in the dollar to stay strong. ADVERTISEMENT As President Barack Obama said that the "day of reckoning has arrived" for the country to face head-on the deepening economic crisis, Bernanke told lawmakers he sees a "reasonable prospect" for an end to the recession later this year if rescue and stimulus programs work as intended. But the powerful central bank chief warned in his semiannual address to Congress that a full economic recovery could take two to three years or longer. The US economy is in the midst of a "severe contraction" that has extended into the first quarter of 2009, he said. "If actions taken by the administration, the Congress and the Federal Reserve are successful in restoring some measure of financial stability -- and only if that is the case, in my view -- there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery," Bernanke said. As he spoke, US consumer confidence plunged more than expected in February amid worsening business conditions and a deteriorating job market while home prices in top US cities fell a record 18.5 percent in December, new data showed. "It is not clear that there is anyone out there who has any confidence left," remarked Joel Naroff, chief economist at Naroff Economic Advisors. "Consumer confidence is now an oxymoron." But Obama, in excerpts from his impending debut address to a joint session of Congress Tuesday, vowed to make two trillion dollars in budget savings within a decade on what he called a new "day of reckoning" for the US economy. He demanded budget sacrifices from both Republicans and Democrats and pledged to act "boldly and wisely" to revive the economy. The US president met Japanese Prime Minister Taro Aso and both agreed the dollar must remain the world's key currency despite the US-bred economic crisis, Aso said after their talks in Washington. "In terms of finance, we said it is important to maintain confidence in the dollar as a key currency," Aso said. "If confidence in the dollar is damaged, it would cause significant effects." Politically embattled Aso faced another headache -- the Japanese economy logged a record trade deficit in January as exports suffered their steepest ever fall due to the economic crisis. Japan's trade deficit ballooned to 952.6 billion yen (9.9 billion dollars) in January as exports plunged 45.7 percent from a year earlier, the finance ministry reported Wednesday. It was the worst month for Japanese trade since comparable records began in 1979, the ministry said. The economic news was grim in Europe as well. Record low business confidence in Germany, Europe's biggest economy, a fall in French consumer spending, a spike in Polish unemployment and more job losses were all part of a relentless litany of bad news on the economic front. Conditions worsened even further for Latvia, one of the European Union nations worst hit by the downturn, where the prime minister resigned on Friday in political infighting over the spiraling economic crisis. Standard and Poor's downgraded its credit rating for the embattled Baltic nation to "junk" status, while the Fitch agency warned of possible delays in emergency IMF funding to help Latvia through the crisis. S&P also placed its ratings on Estonia and Lithuania on watch "with negative implications," reflecting "a worsening economic outlook for the two economies" hurt by the global slump. Ukraine's hryvnia fell sharply, worsening one of the most dramatic currency collapses in the world since the beginning of the global crisis. The dollar was changing hands at more than 9.2 hryvnias on Tuesday, from around 5.0 hryvnias last year -- a fall of more than 45 percent for the Ukrainian unit. Meanwhile data showed European Union factory orders in December plummeted 23.3 percent from a year earlier and by 5.2 percent from November in the fifth consecutive monthly drop. Standard and Poor's also cut its ratings outlook to negative from stable on India, once seen as an emerging market giant that along with China would help the world through the slump, citing its "unsustainable" fiscal position. In South Africa, the official statistics agency said the economy shrank 1.8 percent in the fourth quarter of 2008, the first such contraction in 10 years, as the slowing world economy undercut demand for raw materials. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Captiol Hill in Washington, DC. Bernanke said he sees a "reasonable prospect" for an end to the deep recession this year if the numerous rescue and stimulus programs work as intended. Most Popular – Top Stories Viewed First Chinese-American governor likely Obama commerce pick Iraqi police shoot dead four US soldiers: ministry 34,000 apply for 'the best job in the world' Bernanke eyes recovery, Japan PM call for dollar confidence World stocks mostly rally on Citigroup report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Wednesday, 25 February 2009
Blast kills 4 U.S. coalition troops, Afghan civilian | International |
UK government refuses to publish pre-Iraq war discussion | International |
Holocaust-denying bishop leaves Argentina | International |
Oscar-Nominated 'Waltz with Bashir' Breaks Barriers In Arab World
Fighting kills at least 13 in Somali capital | International |
Tibetan regions tense ahead of anniversaries | International |
Yemen court sentences 3 militants to 7 years jail | International |
Too much PlayStation may cause painful lumps | Technology |
DirecTV, DISH ask U.S. lawmakers for rural incentives | Technology |
Holocaust-Denying Catholic Bishop Scuffles With Reporter
NASA's Pioneering CO2 Monitoring Satellite Fails To Reach Orbit, Believed To Have Crashed Into Ocean Near Antartica
Holder Is Designated Successor While Obama Addresses Joint Session Of Congress Tuesday
Survey: Americans Support Spending For Job Creation, No To More Corporate Bailouts
Update: Obama Welcomes Prime Minister Taro Aso; Calls Japan 'A Great Partner'
Consumer Confidence Tumbles To New Low
Massachusetts Reassesses Gambling Plans
New Survey Finds 59% Of Employees Take Confidential Company Data When Fired Or Quit
New Survey Finds Top Concern Stemming From Recession Is Job Loss
Sullenberger, Crew In Hudson Plane Tell House Panel About 'Burned Bird Smell'
Early reviews mixed for Watchmen | Entertainment |
Lil Wayne to face NY gun charges after tour | Entertainment |
Youth bows to maturity for Rio Carnival queens | Entertainment |
Superbrain stuns Britain with genius quiz show run | Entertainment |
Naomi Watts in Woody Allen's next film | Entertainment |
Holocaust-Denying Catholic Bishop Scuffles With Reporter
NASA's CO2 Monitoring Satellite Launch Fails, Crashes Into Ocean Near Antartica
FDA Approves Shock Device To Treat Severe OCD Cases
Controlling Anger, Managing Stress May Keep Irregular Heartbeats In Check
Sullenberger, Crew In Hudson Plane Tell House Panel About 'Burned Bird Smell'
Officials: Most troops out of Iraq in 18 months
North Korean leader Kim near missile site: report | International |
Pakistan vows to 'defeat terror' with Obama
Afghanistan, Pakistan declare new trust in U.S. talks | International |
George Clooney Meets With President Obama To Ask To Appoint Sudan Envoy In Darfur
Obama leaning toward 19 months for Iraq withdrawal
Thai PM slips into office as protest drags on | International |
Usher's Wife Suffered Cardiac Arrest After Reacting To Anesthesia
US soldier killed in police attack in Iraq
Heavy gunfire at Bangladesh paramilitary HQ | International |
On the bright side: scientists test 'happy' gene
Syria dismisses IAEA uranium find at bombed site
Bernanke eyes recovery, Japan PM call for dollar confidence
Lebanon Hariri tribunal starts work on Sunday
Just being overweight can shorten lifespan: study
Tibetans mark somber New Year after unrest | International |
Israel says no plans yet to demolish Jerusalem homes
Bernanke cautiously maintains recovery outlook
Israel's Peres ushers in right-leaning parliament
In Asia, suicides rise due to financial crisis | International |
CORRECTED: More records at crisis-defiant YSL art sale
US soldiers wounded, interpreter killed in Iraq
French state to take 20 pct stake in new bank: presidency
Swiss finance sector halved if bank secrecy dropped: banker
WHO warns of lengthy wait for bird flu vaccine
US consumer confidence dives to new all-time low
Obama says clean energy key to US leadership
Google joins EU antitrust case against Microsoft | Technology |
UN chief begins Africa trip noting finance worry
Bold Obama vows America will recover
NASA global warming satellite crashes after launch
Bold Obama demands new age of austerity
Pakistan Still With U.S. In Terror War
Spain Open To Taking In Guantanamo Bay Prisoners
US military deaths in Afghanistan region at 584
Study: Personal Care, Household Products May Cause Infertility
British minister targeted by Internet fraudsters: report
US military deaths in Iraq war at 4,251
President Obama Addresses Congress: "We Will Rebuild, We Will Recover"
Microsoft offers technology training to US job seekers
Obama vows sacrifice, spending cuts
More Remains Unearthed In Vacant New Mexico Land
SF Chronicle may be closed, sold: Hearst
Officials: US plans new Darfur envoy
Roadside Bomb Kills 4 U.S. Troops, Afghan Civilian
Microsoft expects difficult conditions to continue
Clinton prepares to plunge into Mideast politics
Shooting Mars Mardi Gras Parade In New Orleans, 6 Injured
Google joins EU antitrust case against Microsoft
U.S. Home Prices Slide In December
US soldier killed, three shot in Iraq police station
Wall Street Rallies On Bernanke Comments
Google apologizes for Gmail breakdown
Obama vows America to emerge stronger from crisis
San Francisco Assemblyman Introduces Marijuana Tax Legislation
Micron to cut 2,000 jobs
US official: Gaza reconstruction aid to top $900M
Khodorkovsky back in Moscow for new trial: court
Yahoo offers new tools for targeting online ads
Italy takes first step to return to nuclear energy
DirecTV, DISH ask U.S. lawmakers for rural incentives
Microsoft tailors Windows 7 for netbooks
Visto to buy mobile email rival Good from Motorola
Nokia cuts 1,000 jobs in new restructuring
Slumdog child actors to get new homes in India | Entertainment |
Early reviews mixed for Watchmen | Entertainment |
U.S. Congress honors late actor Paul Newman | Entertainment |
More Gossip in store as CW renews 6 series | Entertainment |
Spears' ex-boyfriend faces hit-and-run charges | Entertainment |
Conan O'Brien sidekick joins Tonight Show | Entertainment |
Booze bust in Brunei nets 1,382 beer cans on boat
Spidey heads to Broadway, with help from U2 pair | Entertainment |
Macau security proposal sparks fear in Hong Kong
Gunfight in Bangladesh border guards headquarters
Tibetans mark sombre New Year after unrest
HK pro-China politician condemns Tiananmen actions
Indian police to charge Mumbai attacks gunman
Drought worsens in northwest China
NKorea under growing pressure to scrap rocket launch
Hollywood glamour, hopeful stars dominate ratings
North Korean leader Kim reportedly near missile site
U.S. Congress honors late actor Paul Newman
Sean Penn in talks for film on outed CIA spy: report
NKorea prepares launch: Satellite or missile?
Seoul shares end up helped by KT, but trim gains
Japan's top automakers report plummeting output
Chinese pension fund to step up foreign investment
Schwarzenegger to play himself in Stallone film
China firm buys stake in Australia miner Fortescue
Gondry in talks to direct 'Green Hornet'
FACTBOX-Key issues under South Korea Lee's presidency
Crisis-defying YSL art sale smashes new records
WRAPUP 1-S.Korea finance minister signals change in won stance
The Killers countersue former manager in Las Vegas
NZ's Maari oilfield starts production
Conan O'Brien sidekick joins "Tonight Show"
Korea Hot Stocks
Spears' ex-boyfriend faces hit-and-run charges
Nikkei rises on weaker yen, stock-buying option
Mexico bequeathed 8,000 pre-Hispanic artifacts
China drafting auto industry consolidation plan
Naomi Watts, 'Slumdog' starlet in new Woody Allen pic: report
Britney Spears' ex faces assault charge
List of top 20 shows in prime-time Nielsen ratings
San Francisco Assemblyman Introduces Marijuana Tax Legislation
Turkish airliner crashes at Amsterdam airport, 9 dead | International |
Rockets, airstrikes in absence of firm Gaza truce
Iran says no slowdown in its nuclear work | International |
Iran tests its first nuclear power plant
Fabolous' Tour Bus Raided, 500lbs. Of Marijuana Confisticated
Iran says nuclear plant could start in months
South Sudan accuses army of trying to restart war
AT&T Pebble Beach Pro-Am Not Exactly A Day At The Beach
Scientists find bigger than expected polar ice melt
India files first charges over Mumbai attacks | International |
Syrian ambassador to meet senior U.S. diplomat
Spring Movie Preview
U.N.'s Ban urges Mugabe to free detainees | International |
Iran tests first nuclear plant
Rapper Lil Wayne To Stand Trial Over Gun Charges
"The Hills" Star Audrina Patridge Catches House Burglars On Surveillance Tape
Netanyahu turns to the right to form Israel coalition
Pakistan faces instability as Sharifs disqualified | International |
Britney's Paparazzo Ex-Boyfriend Adnan Ghalib Charged With Felony Assault
Iran conducts tests on Bushehr nuclear plant
Somalia death toll hits 81 in worst fighting for weeks | International |
Scientists find bigger than expected polar ice melt
Holocaust-denying bishop returns to UK | International |
US will pull through crisis, Obama vows
Obama gets unity on principles, but details divide
Too much PlayStation may cause painful lumps | Technology |
Lenovo to cut 450 China jobs: company
Microsoft says no new cost cuts, shares hit 11-year low | Technology |
Biden: Iraq Pullout Date To Be Announced Friday
Retirees Face Financial Difficulties
Universities' Charitable Gifts In 2008 Reached $31.6 Billion
Analysts Say Ford More Likely To Survive Recession Compared To GM, Chrysler
Russia rejects Khodorkovsky sex assault lawsuit: reports
Obama Focuses On Financial Regulatory Reform Ahead Of 2010 Budget Release
Sen. Jim Bunning Threatens To Sue Own Party Over Support In 2010 Race
Holocaust-denying bishop arrives in London
California Opinion Leaders Eye Dropping Of Two-Thirds Vote To Approve State Budget, Taxes
Turkish plane crashes while landing in Amsterdam
Research Finds Past Family Violence Has Negative Effect On Physical, Mental Health Of Older African American Women
Georgia Tops List Of States With Most Number Of Banks With Delinquencies
States Consider Stopping Death Penalty Due To High Cost
India charges Mumbai gunman with murder
Lead singer quits Barenaked Ladies after drug bust | Entertainment |
Report: 3 men set themselves on fire in Beijing
Official: Sri Lanka war zone conditions worsen
Dalai Lama says eager to visit Taiwan: report
Asian markets up on Wall Street rally
Chairman of China's Ping An 'skips 2008 pay'
Russia says stolen weapons heading to China found
Pakistani 6-mth T-bill cut off yield at 12.9828 pct
Nepal's ex king leaves on first foreign trip
Pakistani stocks fall 5 pct on political worry
'Late Night' host Fallon just wants to have fun
Three protesters in Beijing immolation bid: police
Taiwan govt denies report of banking consolidation
Nick Mitchell defies 'American Idol' norm
Report: 5 protest organizers detained in SW China
China announces stimulus for metals industry
Senator presses Ticketmaster to sell TicketsNow
Hong Kong economy to shrink up to 3 pct in 2009
Reports: Uzbekistan, NATO reach Afghanistan deal
Saint Laurent auction nets €300 million _ so far
Shooting mars New Orleans Mardi Gras
China to slash nonferrous metals capacity
Toshiba to build 2 US nuclear plants
Making music, not war, in Baghdad
More "Gossip" in store as CW renews 6 series
Nikkei rebounds on weaker yen, stock-buying hopes
Vienna's Theater an der Wien scores another hit with 'Partenope'
"Slumdog" child actors to get new homes in India
Komodo dragon attacks Indonesian park ranger
Ahtisaari warns Indonesia over fragile Aceh peace
More Mysterious Remains Unearthed In Vacant New Mexico Land
States Consider Stopping Death Penalty Due To High Cost
Feeling Exhausted While Exercising Is Sometimes All In The Brain
Cebu Pacific Airplane Stuck On Manila Airport Runway
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01