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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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AMEinfo.com News - Finance and Economy
Finance and Economy latest news and features

Qatar cut from 2020 Olympic bid field
23 May 2012 at 11:27pm
The International Olympic Committee has chosen Istanbul, Madrid, and Tokyo as finalists to host the 2020 Summer Games, dashing the hopes of Doha and Azerbaijan 's Baku, Reuters has reported. The shortlist of candidates to host the world's biggest multi-sports event was announced at the IOC's executive board meetings in Quebec City. Doha, which was proposing to hold the 2020 Olympics in October rather than the usual July/August schedule to avoid the state's summer heat, is already hosting the 2022 World Cup football tournament. Doha 2020 officials said the decision by the IOC does not curtail Qatar's ambitions or its work in progress towards becoming a regional and global sports hub. London will host the 2012 Summer Games from July 27-August 12 while the Brazilian city of Rio de Janeiro will stage the 2016 Olympics. The IOC will announce the winner between bids from Tokyo, Madrid and Istanbul in September 2013. [AMEInfo.com]

Saudi Arabia's Dar Al Arkan Real Estate gains as developer strikes deal with ...
23 May 2012 at 8:09am
The Riyadh-measure Tadawul All-Share Index (TASI) declined 0.60% to close at 7,061.43 points amid regional and global uncertainty over Greece's dispositon in the Euro zone. Dar Al Arkan Real Estate Development Company was the most liquid share, advancing 1.36% to hit SR11.20. Earlier in the day, Dar Al Arkan announced the sale of a portion of the residential land at its project Shams ArRiyadh, in the capital Riyadh to petrochemical giant Saudi Basic Industries Corporation or Sabic which closed off 0.26% at SR95. Sabic will build a residential compound for its employees. The total land area sold is worth SR741.6m. The transaction will be reflected in the developers second quarter of 2012 financial results. Nineteen stock gained, while 119 declined. Trading volumes remained in the lower range, as 294m stocks worth SR5.8bn changed hands. [AMEInfo.com]
Kuwait market falls the sixth day straight
23 May 2012 at 7:37am
The KSE Market Index fell 0.22% to hit a three-week low, closing at 6,366.95 Wednesday. Kuwait correlates with the price of oil, which lost 11.37% in value in the last four weeks as GCC and Iraq production volumes hit multi-year highs in order to compensate for Iranian export losses. National Bank of Kuwait or NBK closed unchanged, but losses in the industrial and the telco segment weighed on the gauge. Islamic financial institution Kuwait Finance House pr KFH advanced 2.81%, finishing the session at KD0.730. [AMEInfo.com]
Qatar Exchange struggles with resistance level at 8,500 points
23 May 2012 at 6:24am
The QE 20 Index slipped 0.40% Wednesday, ending at 8,467.42 points. Investors booked profits at bank shares in particular, after former Greek Prime Minister Lucas Papademos said his highly indebted country's exit from the Euro zone was still one of many options. After a series of gain in recent days, Doha Bank fell half a percentage point, albeit Qatar's exposure to the Euro zone is minimal. Vodafone Qatar jumped 2.21% to hit a multi-year high at QR9.70. [AMEInfo.com]
Abu Dhabi bourse adds slightly despite negative market breadth
23 May 2012 at 6:11am
The ADX General Index closed 0.20% higher at 2,475.52 points Wednesday. Gulf Medical Projects Company jumped 9.33% to reach Dhs2.11. Islamic insurer Watania plummeted nine percent to Dhs1.09. Real estate giants Aldar and Sorouh fell by 2.70% and 2.80% to Dhs1.07 and Dhs1.03, respectively. Fund managers became increasingly impatient due to pending updates on a merger between Aldar and Sorouh, The National reported today. Both developers announced in mid-March theyr entered talks to unify with the blessing of the Abu Dhabi government. [AMEInfo.com]
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Rupee Trades Near a Record Low as Europe Concern Spurs Outflows - Bloomberg

23 May 2012 at 11:12pm

Bloomberg UTV

Rupee Trades Near a Record Low as Europe Concern Spurs Outflows
Bloomberg
India's rupee traded near a record low on concern investors will favor safer bets than emerging- market assets after European leaders disagreed on ways to contain their region's debt crisis. The currency fell for a fourth day as exchange data showed ...
Falling rupee: RBI should stop piecemeal intervention in the currency marketEconomic Times
Who Cares if the Rupee Keeps Falling?New York Times (blog)
'RBI measures not timely; Govt inaction might cause Fx market crisis'Bloomberg UTV
Business Standard -Hindustan Times
all 676 news articles »

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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Money Market Stresses Ease Ahead of European Leaders Meeting - Bloomberg

22 May 2012 at 8:36am

Money Market Stresses Ease Ahead of European Leaders Meeting
Bloomberg
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, or Libor, which represents the rate at which ...

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CurrencyUK

Euro at risk for major drop
by alex
23 May 2012 at 1:35am
The Consumer price inflation(CPI) in the UK fell to 3.0% in April, down from 3.5% in the previous month. Although this was only marginally faster than the markets had anticipated (consensus 3.1%), this will come as relief to the BOE following last month?s rise in inflation.�It is also of symbolic importance that Sir Mervyn King [...]
CONSUMER PRICE INDEX
by alex
22 May 2012 at 1:58am
The Consumer Price Index �is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is [...]
Inflation Data key for GBP
by alex
22 May 2012 at 12:48am
After the weekend G8 summit, sentiment on the markets was a little more upbeat�yesterday. Markets took some comfort from news out of China that indicated it would fast�track approvals for investment in infrastructure projects to combat a slowdown in the�economy. This supports recent calls from the Chinese premier for policies to maintain�growth after a series [...]
Public Sector Net Borrowing
by admin
21 May 2012 at 8:45am
The Net Borrowing released by the National Statistics captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. While a deficit is [...]
Euro claws back some losses
by alex
21 May 2012 at 12:43am
At the G8 summit this weekend, Greece’s political and economic upheaval, together with�the growing instability in Spain and Italy, were high on the agenda as leaders sought to�calm the situation. World leaders backed keeping Greece in the euro-zone and vowed to�take all steps necessary to combat financial turmoil while revitalising a global economy�increasingly threatened by [...]
Moody?s downgrades Spanish banks
by alex
18 May 2012 at 1:41am
The potential ?Grexit? is killing the markets as they run for safety in the last day of the week. Uncertainty is all over, and regardless of the new elections being held in June 17, investors still don?t want to risk it. Not only Greece is in trouble. 16 Spanish banks have been downgraded by Moody?s last [...]
Lower inflation expectations not good for GBP
by alex
17 May 2012 at 12:53am
The UK inflation report released yesterday showed that the MPC now expect two-year�inflation to be lower despite raising the near term projection. Their central inflation�projection for two years ahead is 1.6%, about 0.2% lower than in February. The growth�forecasts were also lowered in the near term reflecting a poor Q1 2012 and on-going�concerns regarding the [...]
Focus on Eurozone Politics continues
by alex
16 May 2012 at 1:25am
Greece continues to capture the headlines with agreement expected today on formation of�an interim Government and likely announcement of new elections as soon as 10 June.�Meanwhile the first meeting between Merkel and Hollande resulted in a joint statement�pledging commitment from both to keep Greece in the euro with introduction of ?growth�measures? subject to adherence to [...]
Currencies do not like political uncertainty
by alex
15 May 2012 at 1:27am
Political risk events continue to dominate in Europe. The political deadlock continues in Greece although a Greek exit was not discussed at the Euro group meeting held yesterday, nonetheless, suggestions that Greece will leave the euro gained momentum leading to the EU Commission issuing a statement hoping that Greece would remain part of the euro [...]
What if Greece Exits?
by admin
14 May 2012 at 12:16am
From The Economist Online May 11th 2012, 0:22 by A.P. See original article As the Economist argues in our briefing�this week, a Greek exit from the euro zone would not just be chaotic for Greece itself but would also invite questions about the status of Portugal, Ireland and others. So what would policymakers have to [...]

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