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Euro Down Slightly After Weekend On Spain Worry
by admin
1 May 2012 at 4:41am
Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain. The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ...
Euro Stability Still A Concern On Forex Markets
by admin
24 Apr 2012 at 8:13am
Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021. ‘We expect fu Read more ...
Euro Mixed Against All Other Majors
by admin
18 Apr 2012 at 7:53am
The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro. The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ...
Fed Keeps Rates Low ? Euro Seems Without Trend
by admin
14 Mar 2012 at 6:40am
The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar. The Euro dropped yesterday afternoon from 0.04% to 0 Read more ...
Bernanke comments causes sell off
by Tom
1 Mar 2012 at 4:55am
Market sentiment received a bit of a boost yesterday when the results of the ECB?s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks ?529.5 billion, somewhat above the ?450 billion that the market had been anticipating and the ?489 billion lent to 523 fi Read more ...
Euro firm however downside risks remain
by Tom
28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ...
Euro upside following Greek deal
by Tom
22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ...
Euro upside following Greek Deal
by Tom
21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ...
Euro sold as Greek Deal lingers
by Tom
16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...
UK on watch for credit downgrade
by Tom
14 Feb 2012 at 4:09am
The Bank of Japan surprised markets overnight, as it decided to expand its asset buying programme by Y10 trillion to Y65 trillion (the entire amount will be used for the purchase of long term government bonds) and set a price stability goal of 1%. In doing so it is abandoning its long used ?understanding of price stability? phrase. The conse Read more ...

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Devon Medical Products opens door to distribution in China
by John George
18 May 2012 at 2:18pm
Devon Medical Products entered into an agreement Friday with PKUcare BeiYi Pharmaceutical Co. to distribute Devon?s medical devices and equipment in China. Financial terms of the deal were not disclosed. Under the agreement, Devon Medical Products of King of Prussia will also identify other U.S. medical device companies that manufacture products domestically and connect them with PKU to ?jump-start? distribution of those products in China. ?This strategic alliance with PKU BeiYi Pharmaceutical...
Facebook stock closes up half a percent
by Steven E.F. Brown
18 May 2012 at 2:18pm
Facebook Inc.'s stop rose 18 cents, or less than half a percent, on its opening day of trading. The Menlo Park social network priced its stock at $38 per share for its initial public offering. Though shares opened (NASDAQ: FB) at $42.05 and even rose to $45 each on Friday, they fell back to close very near the price Facebook had set before they went on sale. Shares fell a bit further in after hours trading. Mark Zuckerberg, who started Facebook while a student at Harvard University and who is...
Dow falls again Friday
by Patty Tascarella
18 May 2012 at 2:17pm
Losses continued to mount on Wall Street Friday. The Dow Jones Industrial Average, which has shed 856 points over the past three weeks, ended trading at 12,368.40, down 74.09 points, or 0.60 percent. Nasdaq fell 34.90 points, or 1.24 percent, to 2,778.79. Last week, the Dow closed at 12,820.60; Nasdaq was at 2,933.82. A sampling of companies operating in Pittsburgh mostly fell. United States Steel Corp. (NYSE:X) was down 3.92 percent to $21.55 per share. PPG Industries Inc. (NYSE:PPG) slipped...
Colorado film incentives signed into law, ending 8-year quest
by Ed Sealover
18 May 2012 at 2:15pm
On a freezing day in early February, about 200 supporters rallied outside the Colorado Capitol to begin what had become an almost quixotic quest for the eighth straight year to get the state to increase incentives for film production and bring the movie industry back to the state. On Friday, a crowd of virtually the same size gathered again outside of High Noon Entertainment in Aurora. But in a shocking twist to what had been seen as a predictable script, they were there to applaud Gov. John Hickenlooper...
Sentences handed down in Memorial Healthcare bribery case
by Brian Bandell
18 May 2012 at 2:15pm
Four people who were convicted of defrauding the Memorial Healthcare System in a bribery scheme were sentenced to prison by U.S. District Judge Kenneth Marra on Friday. Thomas Kennedy, of Davie, was sentenced to 42 months in prison. Richard Cohen, of Wellington, and Paul Chaiet, a CPA, were each sentenced to 18 months in prison. Thomas Pacchioli was sentenced to three years of probation and 180 days of home confinement. All must pay restitution for the $15 million scheme, in which vendors paid kickbacks...
Raleigh?s LoneRider Brewing Co. expands
by Chris Bagley
18 May 2012 at 2:10pm
LoneRider Brewing Co. has expanded into two buildings next to its location on Gulf Court in northwest Raleigh and plans to double its brewing capacity by August. The microbrewery turned out about 7,500 barrels of beer in 2011 and expects to produce 11,000 this year, co-owner and CEO Sumit Vohra said Friday as crews installed new boiling kettles. The expansion is being funded largely by $300,000 in equity to investors, according to federal securities filings. It?s one of several Triangle-area...
House raises small business contracting goal to 25%
by Kent Hoover
18 May 2012 at 2:09pm
Small businesses would be entitled to at least 25 percent of federal contracting dollars under legislation passed by the House today. That?s an increase from the current small business contracting goal of 23 percent. Problem is, the federal government hardly ever reaches that goal. It narrowly missed it in fiscal 2010. The Small Business Administration, which is supposed to make sure agencies hit this goal, still can?t tell us how small businesses did in 2011. But hey, give the SBA a break...
National Bank Holdings Corp. picks Denver, Greenwood Village for HQ
by Heather Draper and Ed Sealover
18 May 2012 at 2:09pm
Boston-based National Bank Holdings Corp. ? which has acquired a pair of Colorado banks in the last 10 months ? is moving its headquarters to the Denver area from Boston, the company announced Friday. The company will have offices in Greenwood Village and Denver. Colorado Gov. John Hickenlooper joined Tim Laney, president and CEO of National Bank Holdings, in making the announcement. ?National Bank Holdings Corp. has maintained a presence in Colorado for the past year, and the positive business...
Southern California drivers see price spikes
18 May 2012 at 2:04pm
A week of price spikes brought Southern California pump prices back to the high levels paid in February, erasing the declines of March and April. According to the Automobile Club of Southern California?s Weekend Gas Watch, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.405 per gallon, which is 17.2 cents more than last week, 17 cents higher than last month, and 19 cents higher than last year. On the Central Coast, the average price is $4.420, up 16.7...
Gander Mountain backs away from NRA event for Wisconsin Gov. Scott Walker
by Ed Stych
18 May 2012 at 2:01pm
Gander Mountain Co. withdrew this week from two National Rifle Association events that partially focused on supporting Wisconsin Gov. Scott Walker in next month's recall election. St. Paul-based Gander Mountain had planned to host workshops in connection with the meetings at its stores in Rothschild and Eau Claire, WAOW-TV reported. When the company withdrew, the NRA moved the meetings to other locations. Gander Mountain, which sells firearms and other hunting gear, said it has been a longtime...
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10 May 2012 at 6:04pm


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Money Market Stresses Abate Before Group of Eight Discussions - BusinessWeek

18 May 2012 at 9:37am 

Money Market Stresses Abate Before Group of Eight Discussions
BusinessWeek
By Liz Capo McCormick on May 18, 2012 Money-market indicators signaled the ability of banks to borrow and lend short term funds increased as Group of Eight leaders meet to discuss Greece and its impact on the global economy.

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US dollar turnover of Baku Interbank Currency Exchange soared 6.74 fold - Aze...

18 May 2012 at 6:27am 

Azerbaijan Business Center

US dollar turnover of Baku Interbank Currency Exchange soared 6.74 fold
Azerbaijan Business Center
The spot-turnover at the Bank Interbank Currency Exchange (BBVB) soared 6.74 fold during the 20th week of 2012 after a decline of 27.4% a week earlier. BBVB reports that for 14-18 May 2012 turnover of the BBVB Bourse E-System of Trades (BEST) on spot ...

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'Armageddon' Scenarios Vanish From Currency Market? - CNBC.com

18 May 2012 at 12:58am 

CNBC.com

'Armageddon' Scenarios Vanish From Currency Market?
CNBC.com
But volatility in foreign exchange markets is likely to stay high with the Japanese currency, the yen "The kind of Armageddon scenario where the euro won't exist has disappeared from the market. People are talking about Greece leaving but I don't think ...

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