Group items tagged

This news article is about the value of Euro increasing sharply. It is a great time to exchange your money into Euros as it is doing well and it is better that the US dollar. The Euros to US dollar exchange rate inclined by 0.97% and now the rate is 1.3446. At the same time the Australian dollar, British pound and the Canadian dollar rose their values of exchange rates.

The article that I bookmarked for this week is about how exchange rates and bad climate are affecting Brazil's melon shipments. Brazil is a large exporter of melons and Europe is their biggest importer of melons. Because of the recent financial problems in Europe the exchange rates are not in Brazil's favor for exports. Due to these bad exchange rates for an exporting industry and the bad weather also hurting the melons, Brazil's melon farmers are facing some problems.

Fitch's credit rating agency has recently upgraded Greece's credit rating out of restricted default after Athens carried out the biggest debt write down in history. This involved trading bonds with private investors to capitalize.

Over the weekend there were proposals that Germany and the other 5 AAA-rated nations of Europe might start jointly issuing 'Elite' bonds. Pound rates are today being driven by attitude to risk - and what a morning it has been. Equity markets have surged, and risk associated currencies such as the Australian dollar have moved higher.

This article talks about how the exchange rates are affecting the european economies and how strong are really their currencies, that gap, between the real value of the currency and the fixed euro exchange rate, is covered with inflation or unemployment depending on the country.

In Australia households have decreased spending as there is starting to be a growing awareness of the decrease in GDP and higher exchange rates.

This article is about the rapid economic growth that New Delhi (India's capital city) had undergone. India's economic indicators are very poor such as life expectancy rate, education and per capita income. Majority of the population of India is illiterate and may children drop out of school in order to earn money for the family. The average number of years a person spends in school in Indian is 4.4 years whereas the global average is 7.4 years. The PPP in terms of Indians was less than a third of the world average. Life expectancy rate has increased in Indian by about 9% which is a big development.  

This article is about how Pakistan is back into its state of crisis. Pakistan is using their resources but there are obstacles on the way to development. One such obstacle in this article is the government which leads to corruption. The Pakistani government cannot be relied upon as it is because of them that the economy is in such a bad state. The rich get richer and the poor get poorer. The TOT has improved for the agricultural sector in the rural areas but in the urban areas the poverty rate is increasing by a lot. This is another obstacle. The government is spending much more than what it is able to collect by way of taxes. In 2011 the tax rate dropped significantly and is the lowest among all developing countries, but this did not stop the government to reduce their expenditure. 

This article discusses the decrease in worth of the British pound. Normally the British pound is thought of as a very safe currency, similarly to the US dollar and the Japanese Yen. It proposes possible new ways to get the economy running again in Europe.

China´s currency exchange rate is having a rapidly increasing appreciation. But China´s government is maintaining the exchange rate low in order to promote the exports.

This article discusses the Nigerian currency being artificially adjusted, and the ffects and such. he article integrates both economics and "economic philosophy" in an interesting way, as it is very much based on opinion backed by figures.

This article discusses the recent depreciation of the rupee versus the dollar; however, in the past day it has appreciated. It also shows how the exchange rate has affected inflation in India. The government must make a choice between using a fixed exchange rate or a floating one.

This article discusses the consequences/effects of different exchange rates and how undervaluation, which is when the value of a currency is marked lower than what it actually should be, can spur economic growth in a country.

This article show the extremely high rate of poverty in Nigeria. This poverty rate has increased by 6.3% in the past in the past 4 years. Efforts to decrease this poverty have all but failed and the gap between the rich and the poor continues to increase.

The Indian rupee hits a record low, and this widens their losses in terms of oil import.

The euro held onto its modest gains against the dollar and the yen in Asia on Tuesday, with optimism toward the eurozone debt crisis giving some support to the currency.

This article talks about the global effect of currency changes. Especially the depreciation of the dollar and what affects it had on other countries currencies. Also it discusses some effects on exports and deficits.

"The European experiment with a common currency is teetering on collapse." This article evaluates the convenience of a common currency for such a great range of economies since some countries are perceiving the euro as a deppreciated currency while others see it as a too strong one.

Garda World Security Corporation ("Garda"), one of the leading Security Solutions, Cash Logistics and Global Risk Consulting firms in the world, announced today its financial results for the third quarter ended October 31, 2011.

This article discusses the impacts of the devalued rupee, on the market for gold.