People are reflected on an electronic board of a securities firm, which shows the yen-dollar foreign exchange rate, a day after after the Bank of Japan weakened its currency to help Japanese exporters, in Tokyo, Japan, Tuesday, Nov. 1, 2011. On Monday, The Bank of Japan says it sold yen and bought dollars during Tokyo trading in order to pull… (more…)
ATHENS (Reuters) ? Greek Prime Minister George Papandreou plans to form a new cabinet on Thursday and seek a vote of confidence from his fractious Socialist party to try to push through an austerity package and avoid default. Papandreou must pass the new 5-year campaign of tax rises, spending cuts and sell-offs of state property to receive a new EU/IMF… (more…)