PDA

View Full Version : Asian Stocks, US Futures Slump on Profit Declines; Yen Surges - Bloomberg



NewsWhore
10-24-2008, 12:50 AM
<img alt="" height="1" width="1">
Asian Stocks, US Futures Slump on Profit Declines; Yen Surges (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DahTcCxlng7pY%26refer%3Dhome&cid=0&ei=jFUBSefDJpayMMftoY4J&usg=AFQjCNFs96VBsNRuCIdoTQxcSbxSVV1Ehw)
Bloomberg - 9 minutes ago
... the risk of a global recession prompted investors to slash carry trades, in which they fund purchases of higher- yielding assets with Japanese currency. ...


More... (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DahTcCxlng7pY%26refer%3Dhome&cid=0&ei=jFUBSefDJpayMMftoY4J&usg=AFQjCNFs96VBsNRuCIdoTQxcSbxSVV1Ehw)