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ust eight months ago, Brazilian Finance Minister Guido Mantega declared a "truce" in competitive currency devaluations. Now, Japanese and Swiss moves to weaken the yen and the franc show reviving tension in foreign-exchange markets as the deteriorating U.S. economy weighs on the dollar. Japan sold yen today, causing the currency to weaken more than 4 percent against the dollar after rising 5 percent last month. "Ongoing one-sided moves" would hurt the recovery from a March earthquake, Finance Minister Yoshihiko Noda said. Yesterday, the Swiss National Bank cut interest rates to rein in the franc after a gain of about 36 percent in the past 12 months.

Japan called on Group of Seven nations to work closely to counter market turmoil and Asian officials sought to calm investors as stocks slumped on concern the U.S. recovery is faltering. The G-7 needs "very close cooperation in coming weeks," Japanese Finance Minister Yoshihiko Noda said in Tokyo, where the Topix index fell to a two-year low. Hong Kong financial official K.C. Chan urged investors to "stay calm" and not be "spooked by the market," as the Hang Seng Index slumped 3.1 percent. In Beijing, Vice President Xi Jinping said his nation will avoid an economic hard landing.

The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund is inadequate to deliver the scale of the support required by troubled states. In a document distributed to the IMF steering committee at the weekend, Ms Lagarde said: "The fund's credibility, and hence effectiveness, rests on its perceived capacity to cope with worst-casescenarios. Our lending capacity of almost $400bn looks comfortable today, but pales in comparison with the potential financing needs of vulnerable countries and crisis bystanders."

G7 LEADERS pledged to take "all necessary actions" to restore stability to world markets after a summit dominated by the euro zone debt crisis and the resignation of chief economist Jürgen Stark from the ECB. With the euro hitting its lowest level in six months on Friday after news broke of Mr Stark's early departure, G7 finance ministers and central bankers meeting in Marseille issued a statement affirming they would take concerted action to calm the turbulence.

The UN development agency called Wednesday for a tax on foreign exchange trading deals, which are worth hundreds of billions of dollars per day, to help the world's poor deal with the effects of climate change. "A currency transaction tax has been identified as the most viable of all the sources of innovative financing," UNDP administrator Helen Clarke said as she presented the 21st Human Development Report in Copenhagen.

The Group of Seven nations is committed to taking coordinated action to ensure liquidity and to support financial market functioning, financial stability and economic growth, G7 finance ministers and central bank governors said in a statement.

Dunkin' Brands Group Inc (NasdaqGS:DNKN - News) said on Wednesday its franchisees are raising prices at Dunkin' Donuts and Baskin-Robbins stores to help cover the higher costs of key ingredients such as coffee and milk. The shares of the company, which had its initial public offering last week, were down 4 percent after it also reported profits in the most recent quarter were down slightly from a year ago.

South American finance officials are considering creating a $10 billion to $20 billion emergency fund to assist nations that experience capital flight should the global economic crisis deepen, two government officials involved in the talks said.

Stocks retreated as panic selling pushed Germany's DAX Index (DAX) down 4 percent in 15 minutes amid speculation that Germany's public finances are deteriorating and that regulators may impose restrictions on the market. The dollar and Treasuries advanced, while oil fell and Bank of America Corp. shares surged.

German Chancellor Angela Merkel insisted Sunday that eurozone-wide government bonds wouldn't solve the current debt crisis, and said she sees no sign of a new recession in her own country -- Europe's biggest economy. Financially solid Germany's government has led opposition to "eurobonds," viewed by some as a logical solution to the debt crisis that has pushed up troubled countries' borrowing costs.

The German government no longer rules out agreeing to the issuance of euro zone bonds as a measure of last resort to save the single currency, conservative newspaper Welt am Sonntag reported on Sunday. Even though Finance Minister Wolfgang Schaeuble and Economy Minister Philipp Roesler again spoke out against euro zone bonds and debt collectivization, Welt am Sonntag reported the German government is nevertheless considering that and other measures.

Almost 500 votes were submitted for 90+ people. The list ranged far and wide, with many nominees. I thought it was more intriguing than the Business Week piece, with far less sell side names and far more interesting, thoughtful suggestions. Kudos to TBP readers for your intriguing perspectives.

"Should economic performance deteriorate, monetary policy will respond," Bullard said, according to slides of a presentation he was scheduled to make . "The Fed is not now, or ever, 'out of ammunition'." With interest rates near zero, Bullard said, the Fed can support the economy through inflation and inflation expectations and asset purchases are a "potent tool".

Finance officials in Europe are beginning to suggest that the roads to economic recovery includes an even stronger central power in the Europe.

Group of Seven finance chiefs meeting in southern France are considering issuing a communique after their talks, a G7 source said on Friday. G7 chair France had said there would be no communique from the talks, but the source said the issue was now being debated and there was a 50 percent chance of a statement.

A meeting of Group of Seven finance chiefs on Friday will discuss the struggling world economy and progress in regulating the financial sector but a coordinated action plan to calm markets is unlikely. Delegates at the one-day gathering in the Mediterranean port city of Marseille will seek to emphasize their commitment to preserving the fragile global recovery while avoiding promoting a one-size-fits-all approach, G7 sources say.

According to sources, progress has been made at the G20 meeting in Washington, where global leaders piled pressure on the eurozone to fix its problems before plunging the world back into recession. In a G20 communique issued on Friday, the world's leading economies set themselves a six-week deadline to resolve the crisis - to unveil a solution by the G20 summit in Cannes on November 4. Sources said the plan would have to be released as a whole, as the elements would not work in isolation.

The debt markets have been warned. A key rate setter-for China's central bank let slip - or was it a slip? - that Beijing aims to run down its portfolio of US debt as soon as safely possible. "The incremental parts of our of our foreign reserve holdings should be invested in physical assets," said Li Daokui at the World Economic Forum in the very rainy city of Dalian - former Port Arthur from Russian colonial days.

Ola Electric share price is trading near its all-time low amid all the negative news around it. Is it a good stock to buy in 2025 or it is doomed

Ola Electric share price is trading near its all-time low amid all the negative news around it. Is it a good stock to buy in 2025 or it is doomed?