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Asian stocks near 22-month highs; euro soft

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Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.

Asian stocks near 22-mth highs; euro soft

IBTimes Logo
Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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Greek debt concerns return to hit euro

The euro fell against both the dollar and yen on Tuesday on renewed worries about Greek debt but European equities hit fresh 18-month highs, outperforming flat global share markets.
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Greece eyes U.S. investors for new bond: report

Greece will launch a multi-billion dollar bond in the United States this month, selling itself for the first time as an emerging market as demand for its debt dwindles in Europe, the Financial Times reported.
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Lehman UK unit says asset manager plan is too soon

The administrators of Lehman Brothers' U.K. unit are objecting to a plan by the collapsed U.S. investment bank to create an asset manager that would continue to oversee its illiquid assets post-bankruptcy.
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Daily Forecast - 6/3/2010

The Aussie dollar opens this morning slightly above the 92 cent level buoyed by optimism of a continued recovery in global economic growth following upbeat U.S economic data in the form of increasing employment.
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FOREX-Dollar slips vs yen after more than 7-month high

The dollar retreated from a seven-month high against the yen on Monday as investors booked profits following four days of gains for the U.S. currency. Higher oil and metals prices helped propel the Canadian dollar to a 20-month high against its U.S. counterpart, leaving it within striking distance of parity, while the euro slipped. A holiday-thinned market kept trading volume light, with the UK, most euro zone countries and parts of Asia closed.
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Teachers being 'victimised' on Facebook

More than one in seven staff members said they or a colleague had been bullied by children spreading malicious rumours about them on-line, according to research.
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Wilbur Ross backing Virgin Money in RBS branch bid

Billionaire investor Wilbur Ross said on Sunday he is prepared to commit up to 500 million pounds ($760 million) to support Virgin Money in its bid to buy the branch network of the Royal Bank of Scotland .
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Controversial drug, thalidomide treats blood disorder

Thaliomide, the sedative drug taken by mothers to reduce morning sickness, half a century ago, which resulted in high risk of birth defects, treats a rare inherited blood disorder, according to recently reported lab experiments.
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Apple's iPad hits shelves; testing begins

Apple Inc's iPad hit stores on Saturday after months of buildup, igniting excitement and kicking off a critical sales period that will determine if the sleek tablet computer becomes the next blockbuster.
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Apple's iPad hits store shelves; testing begins

Apple Inc's iPad hit store shelves on Saturday after months of breathless buildup, kicking off a critical sales period that will determine if the sleek tablet computer becomes the next blockbuster.
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“Meow-Meow” will be Banned in Britain

Home Secretary Alan Johnson said mephedrone - currently freely available to buy on the internet and in shops selling legal highs - would join amphetamines and cannabis as an outlawed class B drug, the second most dangerous kind.
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Tax unit aimed at wealthy begins audits

Audits are underway at a new Internal Revenue Service unit set up to catch rich tax cheats hiding funds in tax shelters, but don't expect a flood of evaders to come to light any time soon.
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Factories crank up output as demand rises

Factories in the United States, Europe and Asia cranked up production last month, suggesting recovery from a deep recession was taking root in economies around the globe.
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No boom, only doom awaits gold!

A few months ago I had written about the gold's love for tragedies. Gold always thrived on disasters like recession and rising inflation rates. So when the world is looking rosy and there are no immediate financial dangers lurking in the backyard of countries, what will the much-sought-after yellow metal do? If you want to know this, just have a look at the movements of gold prices in the recent past when World Bank and International Monetary Fund predicted that the global economy is back on tra...
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Asian, European manufacturing picks up

Factories across Europe and Asia cranked up production in March, business surveys showed on Thursday, showing a strong recovery in fast-growing emerging markets taking root in the developed West.
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PIMCO sees Greece action ineffective; UK downgrade

PIMCO sees Europe's action on Greece as ineffective in fixing the country's problems, while Britain's sovereign debt rating could be downgraded within a year, a top executive of the world's largest bond fund said.
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China factories crank up as demand rises

Factories in China and India cranked up production in March and Japanese business morale rose to its highest in more than a year on signs of improving global demand, boosting hopes for a sustainable economic recovery.
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Daily Forecast - 1/4/2010

The Aussie Dollar was shaken yesterday after a disappointing set of retail sales figures and building approvals.

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