the measures the canadian government will do to prevent the swine flu

The Us Dollar Falls To Its Lowest Levels Since January Against All Majors

The US dollar falls to its lowest levels since January against all majorsWhat’s new ?US: Employers cut 539'000 jobs in April; unemployment soars to 8.9%, China: Prices fall 1.5%, deflation in 3rd monthChina: 1st case of swine flu, the government is taking measures.Today:08h45 France: Industrial production M/M (MAR), exp -0.50%, previous -0.50%.

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Fed's Hoenig Calls for Regulation Based on Rules, Not Principles

New regulations adopted in the wake of the current economic crisis should be based on rules rather than principles, Federal Reserve Bank of Kansas City President Thomas Hoenig argued on Thursday.In order to protect the financial system from a similar economic crisis in the future, Hoenig said, regulation must be based on a clear set of simple, understandable and enforceable rules rather that a set of broad principles open to interpretation.Speaking in Lima, Peru, Hoenig also said

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CCM Will Meet Its Commitments, Says ECB's Ordonez

Frankfurt - European Central Bank Governing Council member Miguel Angel Fernandez Ordonez says that, while Caja Castilla y La Mancha (CCM) is expected to post significant losses for 2008, it will meet its commitments.CCM is a bank with a positive balance sheet, Ordonez said to lawmakers in Madrid on Thursday. There is no black hole.The central banker, also the Governor of the Bank of Spain, said that the central bank intervened in CCM to support confidence and prevent

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BOE's Blanchflower Calls on BOE & Government to Consider Recession Policies

Speaking at the University of Nottingham, the reputedly dovish central banker acknowledged that the recent policy announcements made by government and the BOE, including an ambitious quantitative easing policy from the central bank worth £50 billion was, a step in the right direction. But we need to do more, he said. Past recessions have typically been associated with five quarters of negative growth, it has usually taken around three years to regain the pre-recession level of output and the deterioration

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EUR/USD: Euro weighed by swine flu, UBS advices caution

FXstreet.com (Barcelona) ? Swine flu has had its impact on Forex markets, USD and JPY have been favoured by risk aversion, while GBP and EUR have been driven to recent lows. According to the UBS Bank, swine flu has been the main reason for recent Euro and Pound declines: ?While all currencies were shaken by the swine flu, risk unwinding continued to support the JPY and the USD and put pressure on the EUR.?UBS Bank advices caution on Euro

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Yen Weakens With Markets Closed for Holiday; Continued Swine Flu Concerns

With Japanese markets closed for holiday on Wednesday, the foreign exchange markets continued to trade on the ongoing developments of the swine flu, leaving the yen weaker across the board.A 23-month-old child from Texas became the first American to die from the swine flu on Wednesday morning, while the Mexican government raised its own death count to 159 people.Meanwhile, Cuba became the first country to impose an outright travel ban against Mexico an nations around the globe

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ECB's Nowotny Says No Concrete Decision Yet on Non-Standard Measures

Frankfurt - While the European Central Bank is looking a non-standard measures to revive the economy, it has not yet reached any concrete decisions, Governing Council member Ewald Nowotny said.At the ECB, the problem isn't imminent at the moment because of still positive rates, but it makes sense to think about this issue, Nowotny said at a forum on Austria's Die Presse website. There are no concrete results yet. However, Nowotny said he expects the economy to begin

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Yen Slides After Japan Unveils Plans to Sell More Bonds

The yen is weaker on Tuesday after Japanese officials said they planned additional bond sales to help fund an ambitious stimulus package for the economy.Japanese Finance Minister Kaoru Yosano told reporters on Tuesday that the government will sell an extra ¥10.8 trillion in new bonds, including construction and extra deficit-covering debt. He also called for the G7 to enforce anti-protectionism. On Tuesday, a China Banking Regulatory Commission official said that the government considering regulating bank lending to

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European markets continue suffering from Swine Flu; Dollar and Yen, stronger

FXstreet.com (Barcelona) ? European markets are going through losses at the opening as concerns about swine flu spread continue weighing on investors. In FX markets, Dollar and Yen tick higher.Eurostoxx 4550 Index drops 2.19% and German DAX Xetra declines 2.31 while French CAC loses 2.11%. In London, FTSE Index trades 2.01 below its opening level at 8:00 GMT.Companies trelated with travels and tourism continue posting losses, British Airways' shares dropped 2.3% as the outbreak of swine flu is expected to

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Gold / Canadian Dollar converter (- / CANADA)

Gold / Canadian Dollar converter (XAU / CAD) will convert the currency of - in currency of CANADA with the actual exchange rate.

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