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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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South Florida tourism officials look to seasonal values to draw visitors
23 May 2012 at 5:19am
South Florida tourism officials are looking to seasonal values to draw additional visitors, with Memorial Day weekend launching the summer travel season. Specials at area hotels are just one kind of added value being offered over the holiday weekend to draw out-of-towners and locals, especially as surveys show more people plan to travel this summer compared to last year, The Miami Herald reported.
ODOT considering rest stop leases to raise cash
23 May 2012 at 5:19am
The Ohio Department of Transportation is considering leasing rest stops to developers as a way to raise millions of dollars to pay for road projects, the Cleveland Plain Dealer reports. The department is prohibited by federal rules to commercialize 45 rest areas along interstates, but it might lease 56 rest areas along other highways to developers to build restaurants, gas stations and lodging, the newspaper reports. Those stops typically include parking, restrooms and vending machines. It also...
Community Bank cleared to acquire 19 branches
23 May 2012 at 5:19am
Community Bank N.A. has received regulatory approval from the Office of the Comptroller of the Currency to acquire 19 new branches in Western and Central New York. The Syracuse-based financial institution will now move forward with its acquisition of 16 HSBC Bank USA N.A. branches and three First Niagara Bank branches. The former transaction is expected to close July 20. The latter will close Sept. 7, according to CFO Scott Kingsley. The deals won?t be finalized at the same time due to conversion...
Lewis, Rice & Fingersh names Thomas Erb chairman
23 May 2012 at 5:19am
Thomas Erb has been named chairman of Lewis, Rice & Fingersh, the law firm announced Tuesday. Erb had been a member of the firm's Managment Committee since 1998, and he accepted the newly created appointment of vice chairman earlier this month. Erb has been practicing law with the firm for more than 30 years. The firm also said Tuesday that John Riffle has been named chairman of its corporate department. The firm has more than 235 staff in St. Louis, including 129 attorneys. The firm also has offices...
Nature Conservancy unveils Natural Treasures landmarks list
23 May 2012 at 5:18am
The Nature Conservancy and Honda of America Manufacturing Inc. are teaming up to get more people outside, and they have released a list of places Ohioans need to visit for a chance to win a new car, Columbus Business First reports. The 30 sites were released on the Natural Treasures of Ohio website, the newspaper reports. Visitors to the sites can enter a sweepstakes to win a Honda Insight by submitting a photo of themselves with designated landmarks. The goal of the contest is to raise awareness...
Chipotle under criminal scrutiny for hiring practices
23 May 2012 at 5:16am
Chipotle Mexican Grill Inc. disclosed Tuesday that it is being investigated by federal prosecutors looking into possible criminal violations of securities laws in its process of verifying the legal status of workers. The Denver-based burrito chain (NYSE: CMG), in a Securities and Exchange Commission filing, said that the U.S. Attorney?s Office in Washington, D.C., notified Chipotle Monday that it is ?conducting an investigation into possible criminal securities law violations relating...
Five websites to help you save money
23 May 2012 at 5:15am
New applications, websites and other technologies are helping consumers save money and become more efficient, the U.S. News & World Report reported. Five new sites to help save money include: Priceonomics, a price guide for everything that takes the guesswork out of how much a consumer should pay for used items; Aisle50, a new daily deal website for groceries that offers savings of 30 to 60 percent; Dealupa, a site that aggregates other daily deal sites and ranks them; Carsabi, a used-car research...
Port Columbus traffic down, Rickenbacker cargo up in April
23 May 2012 at 5:15am
Port Columbus International Airport had a 2.2 percent traffic decline in April, the first decline at the airport this year, Columbus Business First reports. More than 526,000 passengers flew through Port Columbus last month compared with nearly 538,000 in April 2011, with the most significant decline coming at AirTran, the newspaper reports. Still, traffic is up by 1.8 percent through the first four months of the year. Rickenbacker International Airport's cargo traffic improved by 14.1 percent...
Apple grows as most valuable brand in world
23 May 2012 at 5:15am
Apple Inc. grew the value of the globe's most valuable brand by 19 percent in the past year, according to a report on Tuesday by market researcher Millward Brown. The annual BrandZ study estimated Apple's brand is now worth $183 billion, or 37 percent of its market capitalization. Note: Click here to view slideshow of Apple's innovative products. The top 10 brands in the study are dominated by tech and telecom companies, with International Business Machines (IBM) second with $115.9 billion in...
Ill. lawmakers rule to shield worker social media passwords
23 May 2012 at 5:14am
Employers wouldn't be able to require employees or job applicants to allow access to their Facebook and other social media accounts under a bill Illinois legislators sent to Gov. Pat Quinn, KMOX reports. The state Senate passed the measure Tuesday by a 55-0 vote, which followed approval by the House in March. The measure doesn't prevent employers from viewing workers' postings to the general public or from setting workplace rules on Internet and email use.
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INSIDE ASIA; A Change in the Asian Equation

31 Jan 2012 at 12:00am  SINGAPORE -- Central bankers in Asia have yet another reason to hesitate now that the U.S. Federal Reserve looks likely to keep interest rates low for longer. Indonesia, Thailand, Australia and the Philippines have all cut interest rates at least once in the past three months to try to shore up economic growth, and many economists predict that...

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LETTER FROM EUROPE; The Move by Scotland to Go It Alone

17 Jan 2012 at 12:00am  LONDON -- You are driving north. The highway skims by major cities -- Birmingham, Manchester -- until a barrier brings progress to a halt. A new international frontier straddles the road. There are passport checks, barbed wire revetments, currency exchange booths, customs controls, a gate reminiscent of Checkpoint Charlie in Cold War Berlin,...

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Afghanistan Widens Effort to Recoup Bank's Assets

4 Jan 2012 at 12:00am  KABUL, Afghanistan -- The Afghan Central Bank said Tuesday that the government was stepping up efforts to recoup public money lost more than a year ago in the collapse of Kabul Bank, the nation's largest private financial institution. The development may hearten the Afghan government's international backers, like the United States, by showing that...

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