Daily Forex Commentary-5 August 2009
The Australian Dollar opens little changed on Wednesday at 0.8440. In offshore trade the unit traded between a low of 0.8384 in early Europe and a high of 0.8450. In local economic data, retail sales fell 1.4 per cent for the month of June, but surged overall throughout the June quarter.
Iraq mulls website ban, fuels censorship fears
Iraq is considering blocking websites deemed pornographic or that incite violence or crime, triggering fears of a return to Saddam Hussein-style state censorship and government propaganda.
Government queries Goldman about compensation
The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday.
-
Laura Ling recalls the past days in North Korea
-
Bill Clinton makes sincere apology to Kim Jong II: KCNA
-
GM opposition to Magna waning: German politicians
-
American Axle cites bankruptcy risk after deep loss
-
CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
-
CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
More news
Oil falls on US inventory build, economic data
Oil fell on Wednesday as rising U.S. crude inventories and weak economic data raised doubts about a demand rebound in the world's top energy consumer.
UBS tax deal details unlikely on Friday: sources
The United States and Switzerland are expected to reach a final settlement on Friday to end a tax row against giant UBS , but details of the deal won't be made public the same day, sources familiar with the situation said.
Protests as Iran's Ahmadinejad sworn in as president
Mahmoud Ahmadinejad was sworn in as Iran's president on Wednesday in a ceremony boycotted by reformist leaders and parliamentarians and marred by street protests over his victory.
Wall Street dips after disappointing data fuels concern
Stocks fell on Wednesday as weak reports on the economy's service sector and labor market raised concerns about the strength of the recovery.
Inadequate vitamin D levels common in U.S. children
Most US kids aren't getting enough vitamin D, a report in Pediatrics shows, raising their risk of weak bones and, possibly, heart disease.
Arthritis drugs raise cancer risk in kids: FDA
Blockbuster prescription drugs used to treat rheumatoid arthritis and other conditions can increase the risk of potentially deadly cancer in children and teenagers, U.S. health regulators said on Tuesday in ordering stronger warnings on such medications.
PTSD raises heart disease risk in Iraq war vets
Veterans who come home from Iraq and Afghanistan with posttraumatic stress disorder (PTSD) and other mental health diagnoses are hit with a double whammy:
GM opposition to Magna waning, say German politicians
General Motors and Magna have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
Midday minute August 5 – Finance
Goldman Sachs Group Inc. said on Wednesday the government has queried its compensation practices and the use of credit derivatives. Goldman in July reported robust net earnings of $3.4 billion for the second quarter, soon after repaying a $10 billion bailout received from the U.S. Treasury's Troubled Asset Relief Program.
Mortgage demand boosted by refinancing as rates drop
Demand for U.S. home loans rose last week as a decline in 30-year fixed mortgage rates to a three-week low boosted applications for refinancing, the Mortgage Bankers Association said on Wednesday.
Mid-Day Minute - August 5 Tech
Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers
Market slips on weaker July service sector data
U.S. stocks fell on Wednesday after data showed the economy's service sector contracted in July at a faster pace than June, heightening concerns about the strength of the recovery.
Oil falls below $71 after inventory data
Oil fell toward $70 a barrel on Wednesday after U.S. government inventory data showed a build in crude stocks and weak economic data raised doubts about oil demand recovery in the world's largest energy consumer.
Service sector shrinks faster in July: ISM
The U.S. service sector contracted in July at a faster pace than in June, adding to worries that any economic recovery may still be a long way off, according to a report released on Wednesday.
Platinum Equity wins EU's OK to take over Delphi
U.S. private equity firm Platinum Equity won permission from European Union antitrust authorities on Wednesday to acquire control of bankrupt U.S. auto parts maker Delphi Corp.
North Korea frees American journalists, arrive in U.S.
The two American journalists that were held in North Korea since March and had been sentenced to 12 years of hard labor arrived to the United States today meeting their families in a tearful encounter.
Private sector loses 371,00 jobs in July: report
U.S. private employers shed 371,000 jobs in July, compared with a revised 463,000 drop in June, a report by a private employment service said on Wednesday.
U.S. can end Honduras crisis in seconds: Zelaya
The United States can end the political crisis in Honduras in a few seconds and kick out politicians who led a coup in June, deposed Honduran President Manuel Zelaya said on Tuesday.
Filipinos bid goodbye to ex-leader Aquino
Former Philippine President Corazon Aquino, heroine of the 1986 people power movement, was laid to rest on Wednesday after an eight-hour funeral procession that had to inch its way past hundreds of thousands of mourners.
Iran's Ahmadinejad sworn in as president
Mahmoud Ahmadinejad was sworn in as Iran's president Wednesday in a ceremony boycotted by reformist leaders and parliamentarians and marred by street protests over his victory.
U.S. reporters freed from North Korea return home
Two American journalists freed by North Korea from months of detention returned to U.S. soil early on Wednesday accompanied by former President Bill Clinton, who secured their release in a meeting with the hermit state's leader Kim Jong-il.
Pace of job losses slows, planned layoffs rise
The number of U.S. jobs lost in the private sector fell in July but firms increased planned layoffs, data on Wednesday showed, suggesting the labor market remained troubled even as the pace of job losses slowed.
Pages
Editor's pick