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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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Asselbaye trades Hawaii gov?s office for coffeehouse
by Vanessa Van Voorhis
18 May 2012 at 5:38pm
Amy Asselbaye, who abruptly stepped down from her prominent position as Gov. Neil Abercrombie?s chief of staff last October, is one of four partners who have opened a new coffeehouse in Hawaii Kai. ?I dedicated 18-and-a-half years to public policy,? Asselbaye told PBN. ?I was ready for a change. Like any family, when you get an opportunity to help another person, you do. This is my husband?s dream.? In November, Asselbaye and her husband, Charles, paired up with husband-and-wife team...
Shop Watch: We?ll have to wait a bit longer for Yard House at Park Meadows
by Boots Gifford
18 May 2012 at 5:38pm
The Yard House expansion to Lone Tree, announced last summer, has rescheduled its planned opening to July. The company announced in August 2011 it would open in May 2012, but that date is now slated as July 1. To staff the Park Meadow restaurant, Yard House will be hiring 200 new employees. Those interested have until June 9 to apply at the hiring center at 8439 Park Meadows Center Drive in Lone Tree. ?This is an exciting period of growth for us, and we?re very pleased to be opening our third...
Hawaii grants EIS exemption for geothermal exploration
by Duane Shimogawa
18 May 2012 at 5:26pm
The Hawaii Environmental Council made an important decision on Thursday that allows the state Department of Land and Natural Resources to do away with one part of expensive and time-consuming exploration ventures for geothermal projects. Andrea Gill, renewable energy analyst for the State Energy Office, told PBN that each exploratory well costs approximately $5 million to $10 million to drill. ?A lot of these wells don?t pan out,? she said. The council approved and exempted businesses from...
UH study predicts job growth in all four Hawaii counties
18 May 2012 at 5:12pm
Hawaii?s four counties will each see job growth in 2012 as the construction industry finally begins to pick up on the Neighbor Islands, according to a new report by the University of Hawaii Economic Research Organization. The number of payroll jobs rose in Honolulu, Maui and Kauai counties in 2011, but this year the Big Island will also see job growth and all four counties are projected to see jobs increase by more than 2 percent in 2013, UHERO said. Tourism, boosted by gains in visitor arrivals...
Hawaii man claiming discrimination gets new day in court
by Lynn Nakagawa
18 May 2012 at 5:11pm
The Hawaii Intermediate Court of Appeals has reversed a court decision that had ruled a workplace discrimination lawsuit frivolous and resulted in a Honolulu car salesman paying his boss?s legal fees. Those involved in the case say the reversal is important because it emphasizes that slurs based on ethnicity or nationality are illegal under civil rights law. The reversal is based on a 2003 wrongful-termination lawsuit filed by Gerard Lales, who alleged he was wrongfully terminated from his job...
Denver Restaurant Week sets new records
18 May 2012 at 4:57pm
Once again, Denver Restaurant Week set a new record this year for the number of meals served ? 404,400 ? Visit Denver reported Friday. That?s up from last year?s total of 360,480 meals for the annual metro-wide restaurant promotion. The 2010 total was 335,580, and 2009?s total was 298,200. The eighth annual event, held Feb. 25-March 9, also set a new record for participating restaurants: 339, up from 303 last year and 282 in 2010. These days, Restaurant Week is actually two weeks. Participating...
Blue Cross faces another class-action lawsuit
by Evan Belanger
18 May 2012 at 4:55pm
Blue Cross and Blue Shield of Alabama and its national trade association are facing a second class-action antitrust lawsuit. Filed Thursday in federal court on behalf of plaintiffs Birmingham-based One Stop Environmental LLC, Nicholas A. Layman and all other BCBS of Alabama members, the suit alleges an ?ongoing conspiracy? by the local health insurance provider and 37 other Blue Cross companies not to compete in Alabama. It alleges the ?illegal efforts to establish and maintain monopoly power...
Hostess Brands bankruptcy could mean 130 Arizona job cuts
by Mike Sunnucks
18 May 2012 at 4:43pm
If Hostess Brands Inc. ? the maker of Twinkies, Wonder bread and Ding Dongs ? can?t solve its financial trouble via Chapter 11 bankruptcy, the company could liquidate. That would result in 130 job cuts in Arizona and Hostess closing 16 locations statewide. The company has already reported the possible cuts and closures to the state of Arizona. Five locations in the Phoenix area would be impacted. Hostess is trying to reorganize and work out debt and financial troubles via bankruptcy proceedings,...
Hawaii Lt. Gov. Schatz to discuss tourism, energy with Taiwan
18 May 2012 at 4:40pm
Lt. Gov. Brian Schatz will be pitching Hawaii a tourist destination this week in Taiwan in and South Korea. Schatz is scheduled to attend Taiwan President Ma Ying-Jeou?s inauguration and meet with him to discuss economic cooperation in tourism, higher education and energy, Schatz?s office said Friday. Following the inauguration, Schatz is scheduled to travel to Taichung City and sign a collaboration agreement on clean energy and tourism. President Barack Obama has placed Taiwan on a list for...
American Eagle Outfitters drops 77kids apparel business
by Jennifer Curry
18 May 2012 at 4:37pm
American Eagle Outfitters said late Friday that it would exit its 77kids children's apparel business, perhaps selling part or all of it later this year. The South Side-based company also said that CFO Joan Hilson will leave the company later this year. American Eagle Outfitters (NYSE: AEO) made the two announcements after the market closed Friday. The 77kids brand began in 2008 online and then became bricks and mortar with 22 stores, including one in Robinson. American Eagle said Friday that 77kids...
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Myanmar's central bank aims for weaker currency

17 May 2012 at 11:26pm  NAYPYITAW, Myanmar (Reuters) - Myanmar's central bank wants to weaken its newly floated currency and prevent further rises that could derail reforms to its economy, a deputy central bank governor said. Nay Aye, one of two deputy governors, added that foreign banks will be able to form joint ventures in Myanmar by 2014, a year earlier than expected, as foreign investors begin to size up one of ...

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Plan Ahead to Take Full Advantage of Strong Currency Rates Before Heading Off...

17 May 2012 at 4:10am  CHESTER, England, May 17, 2012 /PRNewswire/ --Four in ten Brits only buy their foreign currency in the week of travelTwo thirds fail to find the best exchange rate possibleEuro exchange rates stay strong, ...

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Foreign currency exchange: don't get ripped off on your holiday money

15 May 2012 at 9:24am  With the pound trading at a high against the euro, many of us are starting to buy our holiday money. But be sure to follow these steps to avoid getting ripped off.

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