Analysis: India inches closer to crisis as rupee retreats
Reuters – 1 hour 42 minutes ago.. .
By Swati Bhat and Emily Kaiser
MUMBAI (Reuters) – India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the central bank with a difficult choice over how to make best use of its limited reserves to maintain the confidence of foreign investors.
If the central bank [...]
Factories stall worldwide, U.S. jobless claims rise
Reuters – 5 minutes ago
..By Ross Finley and Emily Kaiser
LONDON/SINGAPORE (Reuters) – Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed.
Factory activity shrank even further in the euro zone, reinforcing the view that the debt-strapped region is in recession, [...]