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Euro Weakness Looking To Hold
by admin
21 May 2012 at 12:33pm
On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708. No significant movements to report against the ye Read more ...
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 ...

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CIB Marine to deregister stock
by Rich Kirchen
22 May 2012 at 4:01pm
The holding company that owns Marine Bank said it will voluntarily deregister its stock, which is traded over-the-counter. Waukesha-based CIB Marine Bancshares Inc. (otcqb: CIBH) (pinksheets: CIBH) said Tuesday that its board approved the filing with the U.S. Securities and Exchange Commission to voluntarily deregister CIB Marine?s common shares. The company said it intends to file with the SEC on May 24 and expects the change to become effective 90 days later. CIB Marine has less than 1,200...
SBA chief Karen Mills answers 10 questions -- and dodges one on Bain Capital
by Kent Hoover
22 May 2012 at 3:59pm
Karen Mills took the helm of the Small Business Administration in April 2009. During her three years as SBA administrator, the agency set a new record for lending to small businesses, thanks to an increase in the government guarantee for its flagship 7(a) loans, and a reduction in fees charged to lenders and borrowers. Now those stimulus-funded breaks are gone, and 7(a) lending has returned to normal levels. In honor of National Small Business Week, we sat down with Mills to talk to her about the...
Mark Parker's $20 million day
by Matthew Kish
22 May 2012 at 3:55pm
Nike Inc.'s board of directors has given CEO Mark Parker nearly 190,000 shares of stock, a haul worth $20.5 million at Tuesday's trading price, according to a regulatory filing. In order for Parker to receive the shares, he needs to stay with the company through May 18, 2017, at which time he would receive the shares and any cash dividends generated by the stock. Nike shares paid a 36 cent dividend each of the past three quarters. At that rate, the stock would generate about $250,000 in dividends...
Nike's Knight among donors to new education PAC
by Matthew Kish
22 May 2012 at 3:45pm
Nike Inc. co-founder Phil Knight and Columbia Sportswear Co. CEO Tim Boyle are among the first donors to a new political action committee focused on higher education reform. The Oregonians for Higher Education Excellence PAC was formed in late March and already has more than $250,000 on hand. According to the state's campaign finance website, OreStar, donations to date come from: Phil Knight: $65,000Tim Boyle: $62,500Former University of Oregon athletic director Pat Kilkenny: $65,000Columbia Distributing...
Kleiner Perkins' Pao charges sex harassment, discrimination
22 May 2012 at 3:15pm
Ellen Pao, an investment partner at Kleiner Perkins Caufield & Byers LLC, is suing her employer, the well-known Menlo Park, Calif.-based venture capital firm. Pao's portfolio companies include formerly Portland-based Jive Software Inc., which moved to the Bay Area in 2010 and went public last year. Pao alleges she is a victim of sexual harassment by Ajit Nazre, a former Kleiner Perkins investment partner who is no longer with the firm. Others named in the suit: John Doerr, Ray Lane, Bing Gordon,...
BB&T tops in N.C. for small business lending
by Lee Weisbecker
22 May 2012 at 2:56pm
Winston-Salem-based BB&T was the state?s most active SBA small business lender from October through April. BB&T Corporation (NYSE: BBT) made 63 loans valued at $10.8 million. Wells Fargo & Co. (NYSE: WFC) was second with 56 loans valued at $20 million. The SBA?s Charlotte office says Southern Bank & Trust was third on its active lender list, having made 21 loans valued at $2.3 million. VantageSouth Bank, which is based in Burlington but owned by a Raleigh group, moved into the fourth spot....
Bank of America ?comfortable? with its investments
by Hunter Riley
22 May 2012 at 2:51pm
Brian Moynihan, Bank of America Corp.?s CEO, said at an investor conference Monday he feels ?very comfortable? with Bank of America?s corporate investment portfolio, according to a report from Reuters. The investment portfolio is weighted mostly with mortgage bonds that are government-guaranteed and U.S. Treasury bonds. The company buys protection similar to insurance on some of its large loans to big companies, but it doesn?t make broader hedging bets on the corporate level, Moynihan...
Wells Fargo plans Dallas mortgage assistance workshop
by Lance Murray
22 May 2012 at 2:28pm
Wells Fargo & Co. will host a free Home Preservation Workshop from 9 a.m. to 7 p.m. Thursday at the Hyatt Regency Dallas, 300 Reunion Blvd. The event is for customers of Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers who are facing financial hardships. Wells Fargo (NYSE: WFC) said it has has invited more than 6,000 North Texas mortgage customers to the workshop and that walk-ins are welcome. ?Although less than 2 percent of owner-occupied loans in our...
Dow edges downward Tuesday
by Patty Tascarella
22 May 2012 at 2:27pm
Wall Street slipped in the final half hour of trading Tuesday, surrendering modest gains that kept financial markets aloft much of the day. The Dow Jones Industrial Average finished at 12,502.81, down 1.67 points, or 0.01 percent. Nasdaq lost 8.13 points to end Tuesday at 2,839.08, down 0.29 percent. A sampling of Pittsburgh companies had mixed results: Wesco International Inc. (NYSE:WCC), up 2.48 percent to $60.23Universal Stainless & Alloy Products Inc. (Nasdaq:USAP), down 2.41 percent to...
Motel 6 sells for $1.9B to Blackstone
by Steven R. Thompson
22 May 2012 at 2:12pm
Blackstone Group LP bought the Motel 6 and Studio 6 hotel brands for $1.9 billion, Accor said early Tuesday. Paris-based hotel company Accor North America sold the U.S. economy division, which includes 1,102 hotels under the Motel 6 and Studio 6 brands in the United States and Canada. There are at least a dozen Motel 6 locations in the Sacramento region. The transaction is scheduled to be completed in October. Blackstone plans to upgrade the Motel 6 properties and expand the franchise base, according...
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Currency exchange office opens at Rivercenter - San Antonio Express

22 May 2012 at 3:52pm 

Currency exchange office opens at Rivercenter
San Antonio Express
By David Hendricks A Foreign Currency Exchange branch buying and selling more than 70 foreign currencies opened last month at Rivercenter mall downtown. The two-employee branch, the Tampa, Fla.-based company's first in Texas, operates on the ...



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Money Market Stresses Ease Ahead of European Leaders Meeting - BusinessWeek

22 May 2012 at 8:38am 

Money Market Stresses Ease Ahead of European Leaders Meeting
BusinessWeek
By Liz Capo McCormick on May 22, 2012 Money-market indicators signaled strains in short-term funding dissipated before European leaders meet tomorrow in Brussels to address the region's fiscal crisis. Three-month London interbank offered rate, ...

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HSBC Adds Six Currencies To Offshore Yuan-Trading Service - Wall Street Journal

22 May 2012 at 8:32am 

BBC News

HSBC Adds Six Currencies To Offshore Yuan-Trading Service
Wall Street Journal
... yuan trading took another step forward Tuesday after HSBC Holdings PLC (HBC) announced it is now streaming so-called CNH rates against a range of currencies other than the dollar on the market's leading electronic inter-dealer trading platforms.
HSBC HOLDINGS PLC : HSBC Launches Six New Offshore Yuan Crosses4-traders

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