U.S. Fed reopens currency swap lines with ECB, others
The U.S. Federal Reserve reopened currency swap facilities with other major central banks on Sunday to help ease market strains in Europe.
Euro rebounds, stocks boosted by EU crisis plan
The euro rebounded from 14-month lows and Asian stocks jumped on Monday after the European Union and IMF carved out an emergency rescue package of up to 750 billion euros ($1 trillion) to keep Greece's debt crisis from spreading through the euro zone.
FOREX-Euro rallies after EU package; uncertainty lingers
The euro rallied from last week's 14-month low against the dollar on Monday after European Union leaders agreed on an emergency loan package to prevent Greek's debt crisis from spreading through the region. The package, which with IMF support may reach 750 billion euros, along with measures by central banks to address funding strains and a European Central Bank plan to buy the region's government bonds, calmed nerves after contagion fears triggered a global rout in equities and other risky asset...
Australian dollar outlook 10/5/2010
The volatility in financial markets continued on Friday's trade but thankfully not to the same extent as seen the previously.
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Future perfect for gold
It seems gold is heading for a perfect future as almost all incidents unraveling across the world in April and May months are helping the yellow metal gain. If you take into consideration the recent developments like the Greece debt crisis, Spain and Portugal economic woes, the Euro situation, China's decision to control the realty sector and the May 7 verdict by India's Supreme Court in the Ambani gas row case, all of this have contributed to the further push of gold in global and India markets...
G7 watching Europe, market volatility with concern
The Group of Seven rich countries is concerned about Greece's debt problems, a Canadian official said on Friday, and hinted that there may be other countries that will also need help.
BofA, Goldman to pay $1 billion in UK bank bonus tax
A British tax on bank executives' bonuses will cost two of the biggest U.S. banks a combined $1 billion.
IPad's international launch slated for May 28
Apple Inc said on Friday it will launch the iPad tablet computer in nine international markets on May 28, following a strong debut in the United States last month.
Opel sees German answer to aid request by end-May
General Motors' European arm Opel expects to get by the end of May a final response from the German government to its request for aid, initially amounting to 1.5 billion euros ($2 billion).
UK's RBS beats expectations with return to profit
Royal Bank of Scotland beat expectations with a return to profit in the first quarter as bad debts continued to shrink, even as investment banking earnings more than halved from its strong start to last year.
Contagion fears go global; governments try to calm storm
Stocks worldwide plunged as concerns about Greece's debt crisis went global, with investors seeing it as an omen of turmoil in other European economies and governments struggling to calm markets.
Equity selloff snowballs; sterling tumbles
World stocks extended sharp falls on Friday while government bonds rose as a global rout triggered by fears of contagion from the euro zone debt crisis prompted investors to dump risky assets.
Stocks battered, pound bruised as fears persist
European stocks are primed for a pummeling on Friday, following ravaged U.S. and Asian shares, as Europe's debt crisis sent waves of dread through global markets and battered sterling and the euro.
Daily forex forecast - 07/5/2010
Disappointing Retail Sales data saw the AUD move lower in Asia yesterday falling from 0.9090 to enter offshore exchange hovering on the precipice of the psychological 90 cent level.
Warner Music loss narrows, shares rise
Warner Music Group posted a narrower-than-expected quarterly loss on Thursday as growth of digital sales helped compensate for declining CD revenue, sending its shares up nearly 10 percent.
Warner Music quarterly losses narrow
Warner Music Group, the world's third largest music company, posted a narrower-than-expected quarterly loss on Thursday as growth in digital services overshadowed the decline in music CD sales.
Nike sees global swoosh with sales up 40% by '15
Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by new stores and demand for its namesake brand and smaller brands like Converse, the athletic giant said on Wednesday.
Daily forex forecast - 06/5/2010
Australian Dollar: Despite the release of stronger than expected Australian economic data yesterday the Aussie dollar hovered around the 91 cent handle in Asia before resuming its recent downward trend in offshore trade overnight.
Nike sees sales up 40 percent by 2015
Athletic gear giant Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday.
Prudential stokes shareholder worries with deal delay
British insurer Prudential Plc fueled worries over its planned $35.5 billion acquisition of AIG's Asian unit as a last-minute regulatory delay forced it to put on ice its bumper cash call.
UK's Pru stokes shareholder worries with deal delay
British insurer Prudential Plc fueled worries over its planned $35.5 billion acquisition of AIG's Asian unit as a last-minute regulatory delay forced it to put on ice its bumper cash call.
ODL Group Limited to be acquired by FXCM Holdings, LLC
ODL Group Limited (ODL), a leading, independent forex, derivatives, equities and commodities broker, announces today that it has agreed on terms to be acquired by US-based FXCM Holdings LLC (FXCM), a leading global forex broker that caters to both retail and institutional markets. ODL's strong UK and European businesses will provide an excellent complement to FXCM's sizeable operations in both the United States and Asia. The combined companies will operate as one of the largest non-bank fore...
Greek woes hit Asian shares, euro down
A tumble in global stocks spread to Asia on Wednesday as fears heightened that Greece's debt woes could spread to other countries, which pushed the euro down to one-year lows against the dollar.
News Corp profit up on Avatar, but outlook disappoints
News Corp's quarterly profit beat expectations thanks to the 3-D blockbuster Avatar and strong cable networks, but the media conglomerate's shares fell 4 percent after its outlook disappointed some investors.
Molson Coors profit disappoints
Molson Coors Brewing Co posted a lower-than-expected quarterly profit, hurt by higher expenses and falling sales volume, but its shares pared losses with the announcement of a new venture in China with a local brewer.
Daily forex forecast - 05/5/2010
:: Australian Dollar: The Aussie dollar bounced off support between 0.9220 and 0.9230 on several occasions over the last 24 hours to open this morning relatively unchanged from yesterday's close at 0.9260.
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