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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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Yahoo! Finance: Tax News
The latest news on Taxes from Yahoo! Finance

Gov't taking new steps to combat food stamp fraud
24 May 2012 at 5:19am
[AP] - Food stamp recipients are ripping off the government for millions of dollars by illegally selling their benefit cards for cash ? sometimes even in the open, on eBay or Craigslist ? and then asking the ...
Evaluating ETFs? Get on Board
23 May 2012 at 10:40pm
[at Forbes] - Ask any advocate to run through the advantages of exchange-traded funds and you'll likely hear some notions about passive management, tax efficiency, and cost. Ask that same person to slow it down a bit and you're likely to hear some nuances worth questioning. Writing specifically for ETF board members in the April issue [...]
BRIEF-Moody's assigns Aa2 rating to Katy ISD (TX) $170 mln Unltd Tax Sch. Bld...
23 May 2012 at 8:25pm
CME annual meeting disrupted by chanting activists
23 May 2012 at 4:56pm
[Reuters] - CME Group ejected about 50 activist shareholders from a raucous annual meeting on Wednesday after they shouted for the exchange operator to pay its "fair share" of taxes. "Pay your fair ...
UPDATE 1-H&R Block names new CFO
23 May 2012 at 3:10pm
[video] Should the Government Fund Start-Ups?
23 May 2012 at 2:49pm
[at CNBC] - Representative Dan Lipinski, (D-IL), discusses the government's efforts to fund potential start-ups with tax dollars through The National Science Foundation I-Corps program.
Do Tax Credits Encourage Work?
23 May 2012 at 12:00pm
[New York Times] - The earned-income tax credit helps lifts some families out of poverty, but for others earning a bit more, it has the impact of a tax that discourages additional work, an economist writes.
How 3 homeowners fought their property tax bills
23 May 2012 at 8:15am
[Bankrate.com] - Declining house values create great opportunities for homeowners to contest their property tax bills and potentially save big money.Each jurisdiction has its own rules, procedures and deadlines to appeal ...
Miami teachers union calls for tax amnesty
23 May 2012 at 7:45am
[AP] - The teachers union in Miami-Dade County has proposed what could be an innovative way to raise extra money for education: A tax amnesty program that would go after homestead exemption cheats.At a news conference ...
Small business shuns health care tax credit
23 May 2012 at 4:00am
[CNNMoney.com] - Small business shuns health care tax credit
BRIEF-Moody's assigns A1 rating to $53 million of District of Columbia Tax In...
22 May 2012 at 5:05pm
BRIEF-Moody's assigns MIG 1 rating to Ravenswood City School District's (CA) ...
22 May 2012 at 4:35pm
Are tax-free education accounts right for you?
22 May 2012 at 12:50pm
[at MarketWatch] - Eva Rosenberg writes in our TaxWatch column about the pros and cons of tax-free education accounts for college savings.
CNBC Poll: Do You Think Retirees Should Pay Income Tax?
22 May 2012 at 8:10am
[at CNBC] - Your social security benefits are tax free but other income is not. Should retirees have to pay taxes on that income?
Subway Beneficiaries And Taxpayers Differ
21 May 2012 at 7:45pm
[at The Wall Street Journal] - Subway Beneficiaries And Taxpayers Differ
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Get the best dirham-rupee remittance exchange rate in UAE - Emirates 24/7

23 May 2012 at 8:09pm

Get the best dirham-rupee remittance exchange rate in UAE
Emirates 24/7
UAE Exchange, on the other hand, said it was offering Rs15.04/dirham and the rate could go up to Rs15.1/dirham if the amount was Dh50,000 and above. Thomas Cook Al Rostamani Exchange, at around 10.30am, was giving Rs15.03/dirham but was willing to ...

and more »

Which exchanges offer best dirham-rupee rate for Indian expats to remit? - Em...

23 May 2012 at 1:14am

Which exchanges offer best dirham-rupee rate for Indian expats to remit?
Emirates 24/7
UAE Exchange, on the other hand, said it was offering Rs15.04/dirham and the rate could go up to Rs15.1/dirham if the amount was Dh50,000. Thomas Cook Al Rostamani Exchange, at around 10.30am, was giving Rs15.03/dirham but was willing to offer ...

Agreement reached for sale of Thomas Cook India - Stock Market Wire

22 May 2012 at 2:13am

Moneycontrol.com

Agreement reached for sale of Thomas Cook India
Stock Market Wire
Under the terms of the agreement, Thomas Cook will receive gross cash proceeds of INR 8174m for its shareholding (circa �94m at current exchange rates). The agreed price is equivalent to INR 50 per share, which represents a premium of 11% to the market ...
Difficult to say if company will get delistedMoneycontrol.com

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Currency Updates

CurrencyUK

EUR losing strength faster than GBP
by alex
24 May 2012 at 12:42am
As expected, the informal EU leaders summit over dinner yesterday evening did little to�ease market uncertainty about the euro crisis. Indeed, the latest comments from French�and German officials suggest it will be no small task to paper over major policy divisions.�The European Central Bank’s President Mario Draghi also stated that issuing jointly�backed European debt would [...]
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 [...]

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