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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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Urban Outfitters's "Sell" Rating Reaffirmed at Brean Murray Carret & Co.
22 May 2012 at 7:45pm

's stock had its "sell" rating reiterated by equities research analysts at Brean Murray Carret & Co.


M&A
22 May 2012 at 3:36pm

Bridgepoint A has hired Morgan Stanley to advise on the sale ofA Aenova , a German maker of vitamins and generic prescription drugs, according to Reuters.



Tesco's Philip Clarke has done the right thing
22 May 2012 at 11:31am

Philip Clarke of Tesco can easily afford to pass on a A 372,000 bonus; he still collected about A 1.65m last year in salary, benefits plus a windfall from a maturing 2009 scheme.



Why Jamie Dimon Apologized
22 May 2012 at 7:21am

The JPMorgan CEO apologized because admitting something went wrong is the way to learn from a mistake and avoid a repeat.


Sun Healthcare Group Downgraded to "Market Perform" at Avondale Partners
22 May 2012 at 4:12am

A number of other analysts have also recently weighed in on SUNH. Analysts at Jefferies Group raised their price target on shares of Sun Healthcare Group to $8.00 in a research note to investors on Tuesday, May 8th.



Insight: Morgan Stanley cut Facebook estimates just before IPO
22 May 2012 at 12:02am

The fire retardant industry engaged in a decades-long deception about its products, which are often filled with cancerous materials, the Chicago Tribune reports.



Two honored for work against teen addiction
21 May 2012 at 9:57pm

In 2010, after years of addiction to prescription drugs and having relapsed following a fourth visit to rehab, 24-year-old Cameron Bradbury locked himself in his room at his parents' home and shot himself.


Shareholders Cut CEO Pay in Backlash
21 May 2012 at 5:48pm

Dan Hesse, chief executive officer of Sprint Nextel Corp., speaks during a keynote event at the Mobile World Congress in Barcelona, Spain, March 1, 2012.



Street's Rally Doesn't Reach Facebook, Post-IPO Shares Get Smacked
21 May 2012 at 1:38pm

It was a good day for owners of U.S. equities Monday, with stocks putting together a solid rally to ease some of the sting of the recent run of weak performance.



Dow, S&P 500 rise as economists see growth for jobs and housing; Facebook slides
21 May 2012 at 1:38pm

After a weekend that brought both fresh concerns about Europe and hopeful signs about China, investors decided to focus on the latter.



A Greece euro exit could make Lehman's collapse 'look like a tea party'
21 May 2012 at 10:34am

A woman points at the parliament building during a protest in front of the Greek parliament on April 5, 2012.


Barclays to Sell $6.1B BlackRock Stake
21 May 2012 at 8:29am

British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings.



Facebook shares fall below $38 issue price
21 May 2012 at 8:29am

On the Nasdaq market, however, Facebook's shares slid below their $38 issue price as support from underwriters of the initial public offering dissipated after its Friday debut.



Barclays to sell $6 billion BlackRock stake
21 May 2012 at 8:29am

Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world powers want debt-laden Greece to remain in the euro.



BlackRock Names, Citi Victory, Coutts Aggressively Hires, JPMorgan...
21 May 2012 at 4:24am

Reuters reports that U.S. fund manager BlackRock Inc on Monday named Justin Arter as head of its Australian operations, replacing Damien Frawley who is moving to head Queensland Investment Corp .


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