Recent for 10/27/08

• Dixon/Hadas: How to Control a Currency Panic [OPINION] · Edward Hadas and Hugo Dixon of Breakingviews.com argue that China, Japan, the United States and Britain should immediately rally world governments to defend target exchange rates or risk a complete breakdown in the global trade system. (NYT)
• China To Lend $25B To Russian Firms Hit By Credit Crisis · China is reportedly in talks to extend up to $25 billion to Russian oil companies hit by the credit crisis in exchange for access to 300 million tonnes of Russian oil over the next 20 years. (Reuters)
• Overseas Markets Roiled Amid Currency Concerns · Asian markets fell sharply Monday as the Group of Seven cautioned against the yen's rise and the Japanese government moved to recapitalize domestic banks and curb short-selling. Japan's Nikkei 225 Index fell 6.4% to reach its lowest closing level since October 1982 while the Hang Seng lost 12.7%. (NYT)