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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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Business Journal honors Health Care Heroes ? Slideshow
by Donna J. Tuttle
23 May 2012 at 6:00am
The 2012 San Antonio Business Journal Health Care Heroes were honored at the McNay Art Museum on Tuesday, May 15th. The museum was packed with a veritable Who?s Who in the Alamo City health care industry. Here are a few photos from the event. Click here for a slideshow. Receive free daily breaking business news direct to your inbox or mobile device. Click on this link to sign up.
Wells Fargo to hold mortgage assistance event in Dallas
by Lance Murray
23 May 2012 at 5:59am
Wells Fargo & Co. (NYSE: WFC) will hold a free Home Preservation Workshop Thursday to offer assistance to Wells Fargo mortgage customers who might be having financial difficulties. The event will be from 9 a.m. to 7 p.m. at the Hyatt Regency Dallas, 300 Reunion Blvd. The workshop is for customers of Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity who are facing financial hardships. Wells Fargo (NYSE: WFC) said it has has invited more than 6,000 North Texas mortgage...
Apple, IBM leaders among world?s most valuable brands
23 May 2012 at 5:59am
Apple grew its value as the globe?s most valuable brand by 19 percent in the past year, the Silicon Valley/San Jose Business Journal reports. According to the annual BrandZ study by market researcher Millward Brown, Apple?s brand is now worth an estimated $183 billion, or 37 percent of its market capitalization. The top 10 brands in the study are dominated by technology and telecommunications companies, with IBM second with its brand up 15 percent to $115.9 billion and Google at No. 3 with...
Washington University receives $3 million to design cancer-killing viruses
23 May 2012 at 5:59am
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 St. Louis Business Journal reports. 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.
Naropa University picks familiar name as new president
23 May 2012 at 5:57am
Charles Lief will return to Boulder from Vermont to take over as president of Naropa University, the Daily Camera reports. Lief, who helped found the university in 1974, is chairman of the school's board. He takes over from John Whitehouse Cobb, who filled the president's role on an interim basis after the resignation last September of Stuart Lord.
Five websites that can save you money
23 May 2012 at 5:57am
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...
PPD names Pfizer vet chairman and CEO
23 May 2012 at 5:56am
Pharmaceutical Product Development LLC said Wednesday that its board of directors has named David Simmons chairman and CEO. Simmons joins PPD from Pfizer Inc., where he served as president and general manager of the emerging markets and established products business units. Simmons begins his new role June 4 and will be based in PPD?s headquarters in Wilmington.
Benchmark buys in Maryland, wraps Tonawanda work
by James Fink
23 May 2012 at 5:55am
The Benchmark Group has added to its real estate portfolio by acquiring a Maryland apartment complex and, at the same, has completed the build out of the Delaware Sheridan Plaza in the Town of Tonawanda. The Amherst-based Benchmark has purchased the 144-unit Greens at Cross Court Apartments in Easton, Md. Benchmark was part of a private investment group that purchased the garden-style apartments from a real estate investment trust. Terms were not disclosed. Benchmark is being retained to manage...
Delta, Southwest agree on jet lease deal
23 May 2012 at 5:54am
Delta Air Lines reached a deal to lease 88 Boeing 717s that Southwest Airlines got when it bought AirTran but doesn't want, reports The Associated Press. Delta will start taking three 717s a month beginning in mid-2013 if its pilots approve a new labor contract, the news service reported. Delta, the busiest airline flying out of Dayton International Airport, would use the 117-seat planes to replace 50-seat regional jets and the DC-9s the airline got when it bought Northwest, The AP said. Southwest...
Chipotle's immigration probe isn't over yet
by Mark Reilly
23 May 2012 at 5:54am
Chipotle Mexican Grill, which faced a big investigation of its hiring practices last year and cut a third of its Minnesota workforce over immigration issues, is facing a new probe into the issue. Minnesota Public Radio reports that Chipotle is facing a criminal investigation by prosecutors who want to know if Chipotle tried to hide the earlier investigation from investors. Nation's Restaurant News notes that the company has received subpoenas from the Securities and Exchange Commission. Chipotle...
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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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