Result Page 47 for Latest Forex News & Archive

US STOCKS-Futures flat ahead of Citigroup, Goldman results

U.S. stock index futures were flat on Thursday, a day after the Dow Jones industrial average .DJI topped the key 10,000 level and ahead of quarterly results from Goldman Sachs and Citigroup.

Daily Commentary - 15/10/2009

Intraday support at 0.9030 held firm in local exchange yesterday with strong Chinese Trade data giving the Aussie another boost towards 91 cents. Offshore investors took the AUD/USD to a high around 0.9150 with optimism on the global recovery, following higher than forecast U.S Retail Sales data, continuing to drive sentiment on commodities and commodity based currencies like the AUD. Underlying support for the currency is expected to continue whilst the Greenback remains weak with today's trade...

UPDATE 1-Pan American Silver to acquire Aquiline Resources

Canadian silver miner Pan American Silver Corp (PAA.TO) said on Wednesday it plans to acquire exploration company Aquiline Resources Inc (AQI.TO), in a deal valued at C$626 million ($609 million).

Foreign takeovers of drugmakers worry Brazil-report

Brazil's government will use regulation and its financial muscle to trump a wave of foreign takeovers in the nation's pharmaceutical industry, the daily newspaper Valor Economico said on Wednesday, citing a top official.

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RPT-Weak dollar, low NY property prices woo foreigners

After a year most investors would like to forget, foreign real estate buyers are being swayed to spend again in New York City by a weak U.S. dollar and property prices at levels not seen for years, say experts.

US STOCKS-Futures sharply higher after JPMorgan results

U.S. stock index futures pointed to a rise of more than 1 percent at the open on Wednesday after JPMorgan Chase & Co (JPM.N) posted a surge in profit following stronger numbers from Intel Corp (INTC.O) a day earlier.

New German coalition would look to cut state stakes

A German centre-right government under Chancellor Angela Merkel would look to sell some company holdings held by the state, documents seen by Reuters showed on Wednesday as leaders gathered for coalition negotiations.

UPDATE 1-ECB's Quaden says recovery modest, fragile-magazine

Economic recovery will likely be limited and is no reason to shout for victory, European Central Bank Governing Council member Guy Quaden was quoted as saying.

HK, Shanghai shares close at highs on strong liquidity

Hong Kong stockspacked on more gains on Wednesday to close up 1.95 percent at a14-month closing high, driven by liquidity inflows frominvestments exiting the U.S. dollar, which touched a 14-monthlow.

US STOCKS-Futures sharply higher after Intel Q3; JPMorgan eyed

U.S. stock index futures rose more than 1 percent on Wednesday following forecast-beating results from Intel Corp (INTC.O) and ahead of earnings from JPMorgan Chase & Co (JPM.N).

Dollar hits 14-month low, but gold and oil gain

The U.S. dollar slipped to a 14-month low on Tuesday, pushing gold to a record peak and helping lift oil to a seven-week high on worries that U.S. interest rates would remain at rock-bottom lows for some time.

Gold hits record high as dollar weakens

Gold prices hit a record high in choppy trade on Tuesday, and silver, platinum, palladium and rhodium rallied to multi-month peaks, as the dollar's slide to its lowest level since August 2008 against the euro fueled buying of precious metals.

Daily Commentary - 14/10/2009

A softer than expected result in the NAB business confidence survey did little to curb enthusiasm for the Aussie dollar in Asia yesterday as it held on to intraday support at 0.9050. During the offshore session the AUD momentarily jumped above the 91 cent mark following a rally in the Euro only to pull back to exchange at 0.9050 this morning ahead of the release of Westpac's Consumer Confidence survey.

UPDATE 2-Domino's profit beats on tighter cost controls

Domino's Pizza Inc (DPZ.N) reported a higher-than-expected quarterly profit on Tuesday, boosted by lower interest expense and tighter cost controls.

UPDATE 1-Trade barriers could hamper recovery-WTO chief

Minor barriers to trade could slow the speed of a global economic recovery even if protectionism has not reached the high levels seen in the past, the head of the World Trade Organisation said on Tuesday.

UPDATE 1-CIT says CEO Peek to retire at year-end

CIT Group Inc (CIT.N) said Chief Executive Officer Jeffrey Peek plans to retire at the end of the year, as the commercial finance company struggles to avoid bankruptcy.

RPT-FEATURE-US home rescue plan delaying, not solving crisis

Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.

RPT-Mass modification event saves U.S homes, marriages

Want a snapshot of the U.S. housing market? Check out a mortgage modification event -- the lending equivalent of speed dating.

FACTBOX-US healthcare bill moves through Senate

The U.S. Senate Finance Committee will vote on Tuesday on a bill to reform the U.S. healthcare system, President Barack Obama's main domestic objective.

US STOCKS-Futures edge higher as J&J, Intel earnings awaited

* U.S. stock index futures rose slightly on Tuesday as investors awaited earning reports from Johnson & Johnson (JNJ.N) and Intel Corp (INTC.O).

UPDATE 1-Carlyle--Private equity to transform over 2-3 yrs

Carlyle Group [CYL.UL] co-founder David Rubenstein said the private equity industry will grow larger than before its bubble burst, as it transforms itself over the next two to three years.

UPDATE 1-India's United Spirits to sell stock as PE talks fail

India's United Spirits (UNSP.BO), is set to sell new shares worth about $300-350 million to institutions to help cut its debt, after efforts to sell a stake to private equity firms and Diageo (DGE.L) failed.

UPDATE 1-Champion Enterprises signs forbearance agreement

Factory-built homes maker Champion Enterprises Inc (CHB.N) said its lenders agreed to refrain from taking actions after it failed to make certain payments.

European shares dragged down by financials

European shares were lower at midday on Tuesday, dragged down by financials ahead of earnings news from major U.S. banks and after prominent sector analyst Meredith Whitney downgraded her rating on Goldman Sachs (GS.N).

Miners pull FTSE down 0.3 pct; UK inflation due

Britain's leading shares were 0.3 percent lower early on Tuesday, retreating from a 12-month high set the previous session with investors staying on the sidelines ahead of UK inflation data and upcoming U.S. corporate earnings.

U.S. stock futures dip; eyes on J&J, Intel earns

* U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 SPc1 down 0.13 percent, Dow Jones DJc1 futures down 0.11 percent and Nasdaq 100 NDc1 futures down 0.06 percent at 0830 GMT.

Daily Commentary - 13/10/2009

The Aussie dollar traded in a narrow range during Asia yesterday bouncing between 0.9020 and 0.9060 for the majority of the session.

Dollar gains vs yen for second straight session

The dollar gained for the second straight session against the yen on Monday, rising to a more than two-week high, with traders covering short positions as they debated the timing of a tightening in U.S. monetary policy though some investors remained cautious.

US-STOCKS-Wall St to rise as dollar slips; Blackstone plans IPOs

U.S. stock index futures pointed to a higher open on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies.

JC Flowers funds sue over Hypo Real squeeze-out

Funds advised by U.S. private equity group J.C. Flowers & Co LLC have taken legal action seeking to prevent the full nationalisation of German bank Hypo Real Estate (HRXG.DE), the investment group said.

FEATURE-U.S. housing risks still lurk even as buyers return

The swift downturn in California's economy and the ensuing wave of job losses cost Sue and Nabil Boctor their house.

Lloyds lines up banks for rights issue - sources

British bank Lloyds (LLOY.L) has lined up six investment banks to run a rights issue expected to be worth over 10 billion pounds ($15.9 billion) as the lender seeks to cut its reliance on the government, people familiar with the matter said on Monday.

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