Bank of Japan held its regularly scheduled policy meeting, last of the year. While it is always possible that an emergency meeting could be called by one of central banks around the globe, after all BoJ held one earlier this month, this marks the end of activity by financial authorities of major economies. No more scheduled policy meetings in [...]

Some encouraging news from the climate summit in Copenhagen. After days of bickering and accusations, most of the countries seem to be on a brink of striking some kind of agreement. Apparently United States is prepared to work with other countries toward a goal of jointly mobilizing $100 billion a year by 2020 to address the [...]

One of the best performing currencies of 2009 has been Australian Dollar. Country’s financial authorities were first among world’s major economies to declare end of recession and institute interest rate increase policy. Reserve Bank of Australiaraised it benchmark cash rate by 75 basis points, to 3.75%. This happened during relatively short time span of 3 months. [...]