Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
EADS CEO slams Boeing “propaganda,” and sees WTO appeal »
By Matthias Blamont and Lionel Laurent
Sat Jul 3, 2010 8:17am EDT
AIX-EN-PROVENCE, France (Reuters) – EADS (EAD.PA) Chief Executive Louis Gallois on Saturday slammed arch-rival Boeing’s “propaganda campaign” over a World Trade Organization panel ruling and said it was a sign of fear ahead of a decision on a hotly contested U.S. aerial tanker contract.
Gallois also [...]
Today, all attention will go to the June US payrolls report »
Markets: Fixed Income
On Thursday, global core bonds started the session on a weaker footing, but later on weakness in various US economic reports supported bonds, the safe haven in times of risk aversion. However, bonds have risen outstandingly in recent weeks and are at very expensive levels and the rally is showing signs of fatigue. [...]
Forex QUICK: USDJPY falls below trendline support at 87.63. 87.11 key support today. »
Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]
Weekend Technical Review: EURUSD »
Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]
Toyota recalling 270,000 cars that may stall »
By Bernie Woodall
DETROIT | Fri Jul 2, 2010 6:34pm EDT
DETROIT (Reuters) – Toyota Motor Corp said on Friday it would recall 270,000 of its luxury Lexus models and Toyota Crown sedans for the chance that faulty valve springs may cause engine stalling.
Earlier on Friday, Toyota officials [...]
A look at global economic developments (AP) »
A look at economic developments and activity in major stock markets around the world Friday:
___
BEIJING — China’s economy grew even faster in 2009 than previously reported, adding to concern the flood of stimulus spending and loans that drove its rebound left a dangerous glut of unneeded factories and other assets.
In Asian trading, In Japan’s Nikkei [...]
DA: NYC money man faked Belgian royal ties in scam (AP) »
NEW YORK – A money manager accused of concocting ties to a Belgian royal family to con investors out of at least $7 million denied the allegations Wednesday as he faced a mounting toll of civil and criminal charges.
Guy Albert de Chimay pleaded not guilty to grand larceny, forgery and other criminal charges in a [...]
Euro advances ahead of ECB tender »
The European common currency gained against majors ahead of the ECB offering to loans to banks at 1.00% only after the expiry of the 12-month tender today which alleviated concerns that banks will face trouble in paying debt to the ECB.
European banks have to repay 442 billion euros this month, but the ECB mentioned yesterday [...]
Euro Rallies despite Asia-Pacific Slowdown »
The super economy of China that has dragged the global economy out of recession is beginning to show signs of a consolidation. China’s Manufacturing PMI for June produced a disappointing 52.1, instead of the forecast 53.2. It seems measures to prevent the economy from over heating are beginning to show sign of fruition.
Once again risk [...]
Stocks shaky on more bad news from the US… »
More US data means more bad news as of late. Yesterday the initial claims data show another increase, this time to 472k, while the ISM dived to 56,4 pts., far deeper than the market anticipated While the first reflects a tendency evident from the start of this year, the latter confirms a deterioration in economic [...]