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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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Wall Street Braces For Facebook Debut
18 May 2012 at 12:07am

A Facebook logo is seen through the windows of the NASDAQ stock exchange as people walk by on Times Square in New York, May 17, 2012.


DA Davidson Upgrades Martin Marietta Materials to "Neutral"
17 May 2012 at 8:07pm

A number of other firms have also recently commented on MLM. Analysts at RBC Capital downgraded shares of Martin Marietta Materials from an "outperform" rating to a "sector perform" rating in a research note to investors on Thursday, May 10th.


As lawsuit looms, Miami's Setai hotel moves forward
17 May 2012 at 4:03pm

May 17--When Guenter Richter walks the grounds of the luxury Setai hotel in Miami Beach, he sees potential everywhere: in the paths that lead to the three pools, in the entrances that could use some sprucing up, in the cozy restaurant used only for private functions.



Newly listed office building sets price record
17 May 2012 at 12:03pm

An office building on West 54th Street is hitting the market at just less than $4,000 per square foot, the most expensive asking price ever for an office property, according to the Wall Street Journal.


Oil rises slightly to above $93 in Asia as traders eye Europe turmoil
17 May 2012 at 7:58am

Oil prices rose slightly to above US$93 a barrel Thursday in Asia as traders mulled whether concern over Europe's debt crisis justifies extending a sharp two-week sell-off. Benchmark oil for June delivery was up 38 cents to $93.19 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.



Lamphier: Author's no-growth prediction runs out of gas
17 May 2012 at 3:54am

In his new book, The End of Growth , the former chief economist at CIBC World Markets says high energy prices are here to stay.



Darby Says 2013 Economic Growth `Extremely Challenging'
16 May 2012 at 11:44pm

May. 16, 2012 - Sean Darby, chief global equity strategist at Jefferies Group Inc.



David Einhorn Slams New Company, Stock Instantly Tanks 10%
16 May 2012 at 7:39pm

Hedge fund hot-shot David Einhorn, the founder of Greenlight Capital , just made his huge investment pick at the annual Ira Sohn Investment Conference in New York.


Barclays Beefs Up Wealth Management Unit in NYC
16 May 2012 at 3:30pm

Barclays has added a quartet of investment reps from Deutsche Bank and Morgan Stanley Smith Barney to bolster its wealth and investment management group in New York.



Northwest Pipe Price Target Increased to $23.00 by Analysts at Jefferies Group
16 May 2012 at 11:25am

The analysts wrote, "1Q12 EPS increased 60% and exceeded our forecast. The beat was largely in operating income.



First Rwandan Presidential Scholars to Graduate at UALR Saturday
16 May 2012 at 9:20am

For ten students receiving their diploma from UALR this weekend, graduation is a bittersweet academic victory.



Chesapeake increases loan to $4 billion
16 May 2012 at 5:16am

Chesapeake Energy Corp. increased the amount of its most recent loan on Tuesday even as the company's debt was downgraded.



Facebook Inc. to expand IPO size to $15 billion
16 May 2012 at 1:11am

Facebook Inc., the world's largest social-networking service, chose Morgan Stanley to take the lead on its planned initial public offering, four people with knowledge of the matter said.



Fibria Celulose S.A. Price Target Cut to $8.60 by Analysts at Morgan Stanley
15 May 2012 at 9:06pm

The analysts wrote, "1Q12 EBITDA came below our estimate on the back of higher-than-expected cash costs.


Anti-Wall Street protesters upstage Morgan Stanley meet
15 May 2012 at 4:52pm

Anti-Wall Street protesters upstaged Morgan Stanley 's annual meeting on Tuesday, lobbing tough questions at Chairman and Chief Executive James Gorman and shouting negative comments over a bank official who was attempting to read a tally of shareholder votes.


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'Armageddon' Scenarios Vanish From Currency Market? - CNBC

18 May 2012 at 12:39am  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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A no-go for pound to euro: Currency pair in correction lower as not even risk...

18 May 2012 at 12:32am  The pound to euro exchange rate remains unchanged on yesterday's close, GBP-EUR is at 1.2448 at 9:44 AM. It was a poor day's trade for this currency pair yesterday as a recent strong run corrected itself with investors feeling the euro had been oversold.

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RBI stall at Govt. exhibition - The Hindu

17 May 2012 at 10:52pm  The public can exchange soiled currency notes at the Reserve Bank of India (RBI) stall at the Government exhibition here. The RBI had a stall at the exhibition last year too. Every day, currency was exchanged for about Rs. 25,000 and nearly 200 people walked in.

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