Business
Currency trading was choppy
-The dollar extended its rally against the euro Friday morning in New York as renewed concern over sovereign debt problems in Europe overshadowed a mixed U.S. employment report. Source: Yahoo Currency trading was choppy, with the euro briefly erasing most of its overnight losses before trading back around the $1.37 level, as investor digested the report... »
London, Paris stocks finish 2009 with big gains
British and French stock markets rose Thursday in light holiday-shortened trade to finish 2009 with bumper annual gains of more than 22 percent amid growing investor confidence over economic recovery. London’s FTSE 100 index of leading shares won just 0.28 percent to end at 5,412.88 points at 1230 GMT, as traders headed home early for... »
Wall Street suffered the slings
Wall Street suffered the slings and arrows of one of the most tumultuous years in stock market history in 2009, but has managed a stunning recovery that eclipsed a weak finish. Source: Yahoo Wall Street stocks stumbled Thursday amid thin volumes as many traders were away from their desks ahead of the New Year holiday Friday. The... »
Trading DOWN!
Mayor Michael Bloomberg sought to strike a humble tone Friday as he began his third term by promising “to listen and to lead” and to take a fresh look at the challenges facing the city. Getty Images New York Mayor Michael Bloomberg on Friday took the oath of office Friday administered by New York State... »
Yen fell Dollar Rose FOREX UPDATE
The yen fell on Monday while the dollar held near recent highs as risk appetite remained robust in holiday-thinned trade as equities and commodities gained ground. Source: Wikipedia Trade was thin around Europe as many market participants were off for the period between Christmas and New Year and because the UK was closed for a public... »
Iraq’s cheapest and safest of the reserves in the Middle East’s
Iraq’s oil minister on Saturday began counting the money even before the first wells were drilled, dubbing the country’s second post-war oil auction a triumph, despite caution from international oil companies. Source: Yahoo World oil players steered largely clear of anything but Iraq’s cheapest and safest of the reserves in the Middle East’s last major oil... »
Japanese products overseas improved
Japan’s exports fell at their slowest annual rate in a year in October, providing further evidence of the country’s emergence from recession. Exports from the world’s second largest economy totalled 5.3tn yen ($60bn; $36bn), a fall of 23.2% from the same month a year earlier. The main reason for the improvement was higher demand in Asia,... »
Tony Fernandes CEO of the Year
Tony Fernandes, the Indian-origin CEO of low cost Malaysian airliner – AirAsia – has been named as the Airline CEO of the Year by Jane’s Transport Finance magazine in London. “The award recognises Fernandes’ vision and AirAsia’s success in the toughest airline market in decades,” The Star Online quoted the Britain-based publication, as saying. Jane’s Transport... »
The dollar sank YEN haven assets – FOREX NEWS
The dollar sank to a fresh 14-year low against the yen Friday in Asia as worries about Dubai’s debt mountain drove investors to buy safe haven assets like the yen. The Japanese currency briefly touched 84.41 yen — the lowest since mid-1995 — before bouncing back to 86.05 yen. The euro, meanwhile, weakened to $1.4931... »
The investment
Spanish oil company Repsol YPF will invest 1.5 million dollars over the next five years to boost natural gas production in Bolivia, the company announced Thursday. Source: Wikipedia Production would be boosted on the Margarita and Huacaya fields in the south of Bolivia from two million cubic meters of gas a day to eight million cubic... »
Forex NEWS Intro2u.net Euro Falling!
The euro slipped against the dollar on Thursday as world markets were shaken by news that Dubai had moved to suspend part of the debt of a major state-backed development company. The dollar meanwhile slumped to a 14-year low point against the yen, prompting fears that a further surge could hurt a fragile recovery in... »
FOREX trading summary – intro2u
The USD/JPY could not hold onto levels above Y90.00 last week and is now trading at 89.56. After opening at 89.55, the pair set an intraday high of 89.68 then dropped to current levels. Outlook for the pair is slightly bullish finding support at 89.20 and resistance at 89.74. Source: Reuters The Dow Jones ended the... »
FOREX NEWS Trade and investment protectionism
The United States and China are debating the final wording on market-oriented currency exchange rates and combating trade protectionism that was included in a draft APEC leaders’ statement, an APEC delegation official said on Sunday. Chinese President Hu Jintao has been under pressure to let the yuan currency appreciate, but in a speech at... »
Migrants to slip in to the UK
Gordon Brown said there are “significant” variations in how immigration has been felt around the country and accepted people’s fears that it has undermined wages, affected job prospects for people’s children and even whether they can live near their parents. In his first speech on the issue since becoming Prime Minister, Mr Brown also announced... »
Pavilion Terraces were sold out
Buyer confidence continues to be apparent as the final phase of terrace homes at Lake Edge – Pavilion Terraces, were snapped up on the first day of its preview held today. Buyers were seen rushing as early as 6am and by the end of the morning all 30 units of the 2nd phase of... »
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