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Greek aid decision seen soon, package may grow

The international bailout of Greece is likely to total up to 120 billion euros, a German lawmaker said on Wednesday after International Monetary Fund chief Dominique Strauss-Kahn held talks in Berlin.

Global wheat prices likely to remain unchanged

Global wheat prices are expected to remain unchanged for the time being as the prices already touched at the bottom level, said an Industrial official. Global wheat prices are unlikely to fall further for the next three months as at present prices are close to multi-year lows, Chris Vanhonacker, Commercial Director of Rias Trading was quoted by Dow Jones Newswires.

India turns central banks into gold buyers

Remember the impact of Reserve Bank of India's decision to buy 200 tonnes of gold from International Monetary Fund (IMF) in November 2009 had on the price of yellow metal? That time gold prices soared to new heights because the world feared that India is shifting its foreign reserves to gold expecting the dollar to crash.

Dow Chemical quarterly profit, revenue spike

Dow Chemical Co posted a much better-than-expected first-quarter profit on Wednesday as higher pricing and volume pushed revenue up around the globe, and its shares rose nearly 3 percent.

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Sprint posts wider quarterly loss

Sprint Nextel posted a wider quarterly loss on Wednesday as it took a hefty tax-related charge and valuable customers continued to flee, and its shares fell nearly 5 percent.

Goldman chief says doesn't think of resigning: report

Goldman Sachs Chief Executive Lloyd Blankfein said he has not thought about resigning amid accusations the firm helped inflate the housing bubble and then made billions off the market's collapse.

Stock futures up ahead of Fed statement, after sell-off

U.S. stock index futures rose on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy.

WellPoint profit tops estimates

Health insurer WellPoint Inc posted a better-than-expected first-quarter profit on Wednesday, as the company spent less premium revenue on medical costs and reported improvement in its Medicaid plans for low-income Americans.

Pressure grows on Germany to back Greek bailout

German politicians came under pressure Wednesday to cast aside their doubts over a bailout for Greece, with markets increasingly alarmed that Athens may default on its debt and trigger a meltdown elsewhere in Europe.

Stock futures up after sell-off, ahead of Fed

U.S. stock index futures rose modestly on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy.

SEC probes hedge funds' use of side pockets: report

The U.S. Securities and Exchange Commission is taking a closer look at whether hedge fund managers abused a practice known as side pockets to prevent clients from withdrawing billions of dollars during the 2008 financial crisis, the Wall Street Journal reported on Tuesday.

EUR/USD … free falling ???

Good morning dear traders, had the day before yesterday no direction, trading was real fun yesterday.

Fears of Greek debt default hit markets

Fears that a planned rescue of Greece could stall and extend the financial crisis to other euro zone countries hit European markets on Wednesday as investors worried that Athens may default on its debt.

Greek crisis carries all before it

Greece's exploding debt crisis eclipsed all else on financial markets on Wednesday, knocking down global stocks and pushing the euro for a time to a one-year low against the dollar.

Euro hits 1-year low, stocks fall on EU debt woes

The euro tumbled to a one-year low against the dollar and Asian stocks fell as cuts in Greece and Portugal's credit ratings set off a flight to safety on fears that the euro zone's debt problems are spreading.

Fed seen maintaining promise to keep rates low

The Federal Reserve is expected on Wednesday to repeat its vow to keep interest rates at rock bottom levels for an extended period while acknowledging that the U.S. economic recovery is getting stronger.

Corrected: Former rivals eBay, Alibaba tie-up on new platform

(Corrects 2nd paragraph to state that AliExpress was launched on Monday, not now in beta-testing.)

Goldman CEO, under siege, concedes changes coming

The masters of the universe were forced down to earth on Tuesday.

Australian dollar outlook - 28/4/2010

The AUD has taken a dive overnight following announcements from credit rating agency Standard and Poors in relation to their credit ratings for both Portugal and Greece.

Goldman CEO concedes changes coming

The masters of the universe were forced down to earth on Tuesday.

Bank rule reform falls short again in Senate

Senate Republicans on Tuesday blocked a sweeping overhaul of banking rules for a second straight day as they sought to extract more concessions from Democrats eager to crack down on Wall Street.

For Sirius XM, small investors want bigger windfall

Sirius XM Radio Inc shook off the threat of a Nasdaq delisting on Tuesday, vindicating the scores of retail investors who had bet on the satellite radio service when it was shunted by big institutional funds.

Goldman CEO faces withering attack over ethics

The masters of the universe were forced down to earth on Tuesday.

Daily Forecast - 28/4/2010

The Australian Dollar opens lower against the greenback on Wednesday at 0.9150.

S&P cuts Greek debt to junk, downgrades Portugal

Rating agency Standard and Poor's slashed Greek debt to junk status on Tuesday and also downgraded Portugal, as investors worried political pressures could block a multi-billion euro bailout of Greece.

Amid stalemate, Republicans float bank-reform plan

Senate Republicans on Tuesday floated their first counterproposal to rewrite financial regulations after blocking a more sweeping Democratic plan for a second straight day.

Goldman CEO faces blistering attack over ethics

Goldman Sachs CEO Lloyd Blankfein faced a blistering cross-examination from U.S. lawmakers over why the investment banks' sales team felt they could sell securities to clients while believing they were crap and betting against them.

Confidence up, home prices rise on annual basis

U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.

Goldman says not to blame for crisis

Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shi**y deals and made billions off the market's collapse, in a high stakes Senate hearing.

Senate Republicans block bank reform bill again

For a second time in as many days, U.S. Senate Republicans mustered enough votes on Tuesday to block debate of a Democratic bill that would bring the biggest overhaul of financial regulation since the 1930s.

Goldman fends off accusations of exploiting bubble

Lower level Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shitty deals and made billions off the market's collapse, in a high stakes Senate hearing.

Goldman fends off charge of exploiting home bubble

Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shi**y deals and made billions off the market's collapse, in a high stakes Senate hearing.

Greece woes, Goldman case sink Wall Street

U.S. stocks tumbled on Tuesday as downgrades of Greece and Portugal fueled fear about euro-zone economic stability, and a grilling of Goldman Sachs on Capitol Hill heightened the possibility of financial reform.

Senate faces fresh vote on bank rule reform

A sweeping overhaul of banking rules appeared to be headed toward another roadblock in the U.S. Senate on Tuesday, although an influential Republican predicted it ultimately will pass the chamber.

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