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UK's RBS beats expectations with return to profit

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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.
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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.
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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.
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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.
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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.
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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...
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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.
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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.
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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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Daily forex forecast - 04/5/2010

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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Investors skeptical of record Greek bailout

Markets reacted skeptically on Monday to a record 110 billion euro ($145 billion) bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.
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Stock futures signal gains; eyes on airlines

U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.31 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.3 percent.
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Euro, stocks fall on Greece bailout fears

The euro dropped on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.
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Euro sinks, stocks fall on Greece bailout worries

The euro sank nearly 1 percent on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.
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Australian dollar outlook 3/5/2010

Australia: The Australian Dollar fell on Friday's trading again on the back of weaker equity markets and talk increased that US investment bank Goldman Sachs might be the subject of a criminal prosecution by the US Justice Department in addition to the civil case recently brought by the SEC.
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Daily forex forecast - 03/5/2010

:: Australian Dollar: The Australian Dollar opens?the new week lower against a stronger greenback at 0.9225 after a steady local session last Friday.
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Bolivia nationalizes four power companies

Leftist Bolivian President Evo Morales said on Saturday he had nationalized four power companies, including a subsidiary of France's GDF Suez, in his drive to tighten state control over the impoverished economy.

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