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 French president declares economic emergency: French President Francois Hollande pledged Monday to redefine France's business model and declared what he called "a state of economic and social emergency," unveiling a 2-billion-euro ($2.2 billion) plan to revive hiring and catch up with a fast-moving world economy.

Foreign Central Banks Furiously Dump US Treasuries: Record $47 Billion Sold In First Two Weeks Of 2016

Australian dollar tumbles to lowest since 2009, global stocks plunge: The Australian dollar has plunged 1.7 per cent and local shares are poised to plummet 1.8 per cent when trading opens on Monday. Oil dropped as much as 6.2 per cent and global equities from China to Europe to Wall Street fell.

Canadian dollar sees the loonie falling to 59 cents by the end of the year: Our loonie is heading for a record low with the central bank poised to cut interest rates again as commodity prices collapse to the lowest since 1991, manufacturing stalls and consumers remain buried in debt, according to the currency’s top forecaster.

 

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