Investors fear US slowdown could hit Indian IT firms (The Hindu)
Mumbai, Sept 17 With concerns of a slowdown in the US economy resurfacing, Indian IT firms lost significant ground on the bourses in the last one week.
More...US recession unlikely but Asian economies can weather meltdown - ADB (The Forex Market)
MANILA (Thomson Financial) - Despite the expected slowdown in the US because of rising mortgage defaults and tighter credit markets, the world's largest economy is not likely to slip into recession, the chief economist for the Asian Development Bank said on Monday.
More...USD/CAD: Zoning in on Parity (Daily FX via Yahoo! Finance)
The Canadian dollar has been on a tear. In the past six months, the currency has made new 30 year highs after appreciating over 12 percent against the US dollar, putting parity within reach.
More...US sub-prime crisis to hit India, China (New Kerala)
New Delhi, Sept 16 : The slackening of US economy due to the sub-prime mortgage crisis will significantly impact the Indian and Chinese economies, which will find difficult to insulate themselves from the global slowdown, a survey said.
More...Credit squeeze hits US buy-back schemes (Financial Times)
US companies are cutting back on share buy-backs, a sign of their fear that a prolonged credit squeeze and a sharp economic slowdown could take a severe toll on their operations.
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