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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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NFL owners punt on deciding Pro Bowl's future
by Mark Abramson
22 May 2012 at 4:28pm
Even an NFL owners meeting in Atlanta Tuesday about whether the Pro Bowl will be played in Hawaii ? or anywhere else for that matter ? couldn?t shed some light on the all-star game?s future. The Honolulu Star-Advertiser reported that owners didn?t take any action on the game. And The Times-Picayune of New Orleans is speculating that the Big Easy, host of next year?s Super Bowl, could hold the league?s annual all-star game a week earlier. The Pro Bowl may have drawn boos from fans...
Post-Dispatch lays off 6 in newsroom
by Diana Barr
22 May 2012 at 4:19pm
The St. Louis Post-Dispatch today laid off a newsroom manager, a photographer and four copy editors, Jeff Gordon, president of the United Media Guild in St. Louis confirmed. The reason given for the layoffs was low revenue, Gordon said. All but the newsroom manager are Guild members, he said, and the layoffs were based on seniority. "With our people, we have two weeks to get volunteers to take their place" and whatever severance is due them, he said. At that point it will be known which employees...
Barnwell, HEI lead Hawaii stocks on flat day for Wall Street
22 May 2012 at 4:09pm
The stocks of Barnwell Industries and Hawaiian Electric Industries Inc. each gained 2 percent, while Hawaii stocks finished mixed and the broader markets finished flat. The Dow Jones Industrial Average lost 1.67 points, or 0.01 percent, to close at 12,502.81, while the Nasdaq lost 8.13 points, or 0.29 percent, to close at 2,839.08. Gainers: Alexander & Baldwin Inc. (NYSE: ALEX) closed at $49.60, up 18 cents, or 0.36 percent; Bank of Hawaii Corp. (NYSE: BOH) closed at $47.05, up 20 cents, or 0.43...
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...
Mercy unveils concept for St. John's land in Joplin
by Greta Weiderman
22 May 2012 at 4:00pm
Officials with Mercy health system announced today conceptual plans for the nearly 50-acre former site of its St. John?s Regional Medical Center that will be given as a gift to the people of Joplin, Mo. The towers of St. John?s were destroyed in the tornado that hit Jopline a year ago today. St. John?s was recently renamed Mercy Hospital Joplin. Mercy said residents and its employees are discussing plans for a cultural complex the former hospital site, which is expected to become a "multipurpose...
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...
Amazon, Nordstrom leaders form group to support Seattle sports arena project
by Nick Schiffler
22 May 2012 at 3:59pm
A group of nine business leaders, including representatives from Amazon.com Inc. and Nordstrom, are backing California hedge-fund manager Chris Hansen?s plan to bring a new sports arena to Seattle?s Sodo district. They announced Tuesday the formation of the Seattle/King County Arena Business Advisory Committee, established to demonstrate support for the arena and to try and draw more support for the proposal from the Seattle business community. The arena project has encountered opposition from...
Washington University receives $3 million to design cancer-killing viruses
by Greta Weiderman
22 May 2012 at 3:58pm
Researchers at Washington University School of Medicine in St. Louis have received a $3 million grant from the National Cancer Institute to develop a single virus equipped to find, image and kill cancer cells, all at once, the school announced today. Led by Dr. David Curiel, professor of radiation oncology, the program will build on his group?s expertise with adenovirus, which causes the common cold and has shown promise in cancer therapeutics and imaging. ?This is a virus that we know a lot...
Oregon's Most Endangered Places list released
by Wendy Culverwell
22 May 2012 at 3:58pm
The Jantzen Beach carousel, Portland?s Old Town District and the Willamette Falls Locks at West Linn share the distinction of being historic places with questionable futures. The Historic Preservation League of Oregon announced its list of the state?s Most Endangered Places Tuesday at a lunch in Portland. The league said each property is a significant resource that is in danger of being lost to hard times, development pressure, demolition or neglect. The Jantzen Beach Carousel, a fixture of...
Time is not on Warriors? side with plans for new arena
by Eric Young
22 May 2012 at 3:57pm
Any successful NBA team has to know how to manage the clock. The Warriors will have to do just that if they hope to be playing in a new San Francisco arena in 2017, the year the club?s lease in Oakland expires. Five years from now sounds like a long time, if you are doing just about anything but trying to build something along the water in San Francisco. The site that the Warriors picked for their new arena -- Piers 30-32 -- is ground zero for many a developers? broken dream because of project...
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Dollar and precious metals at a glance

22 May 2012 at 1:46pm  Key currency exchange rates Tuesday, compared with late Monday in New York:

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Black market emerges in Argentina as government imposes currency controls

19 May 2012 at 9:53am  BUENOS AIRES, Argentina - The man in the brown suit doesn't need to speak above a whisper to sell his goods along a busy street in the Argentine capital: "Money change. Money change." Those who want to swap pesos for dollars follow him through a run-down mall to a lingerie store. There, amid bras an

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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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