May 08, 2009

Economic Highlights for Friday

Australian $ at 0.7638 this morning - new high for 2009
US Layoffs slow to 539,000 in April; unemployment rate at 8.9%
Stress Test results are in: 10 US banks must raise additional $74.6 bn in equity
Poor demand for US treasuries causes yields to rise
Volkswagen agreed to merge with Porsche

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