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By SouthAsia.net The Economist: Free exchange on March 13,2008

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A daily round-up of economic news

A daily round-up of economic news:Currencies and commodities show no signs of reversing their recent courses. The dollar has fallen to new lows; a greenback will buy fewer than 100 yen for the first time in over a decade. Crude oil neared 1 per barrel overnight, and gold broke through the ,000 per ounce threshold. Markets are off around the world this morning.The end is near for the Carlyle Capital fund. The mortgage investment fund of the Carlyle Group has seen its shares become almost worthless, and the fund's managers expect lenders to seize its assets. With the collapse buffeting world markets, other fund managers are concerned that new rounds of margin calls will place them under similar circumstances.Falling home


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