FOREXLEARNING

Amid missteps, retailers eye more assortment cuts »

LAS VEGAS (Reuters) – Retailers strive for the perfect mix of products that will boost sales and keep costs down — but the experience of some, including Wal-Mart Stores Inc (WMT.N), in pruning merchandise shows that getting the recipe just right, can be tricky business.

More than 40 percent of retailers reduced the number of different [...]

SEC expertise doubted amid hunt for selloff answers »

NEW YORK/WASHINGTON (Reuters) – U.S. lawmakers on Monday said the Securities and Exchange Commission likely has the authority to deal with reforms after last week’s massive market selloff but questioned its expertise, as regulators still hunt for answers.

Barack Obama

Senator Mark Warner, a Democrat on the Senate Banking Committee, said he talked to SEC Chairman Mary [...]

The British pound rose amid an easing of risk aversion »

USD – America’s currency has been whipsawed by global risk trends and US monetary policy outlook throughout this year, though the underlying sentiment is now ostensibly in favor of the greenback. The USD has maintained its appeal as a “safe haven”—particularly with the uncertainty surrounding the fiscal crises plaguing Greece, Portugal, and Spain—while concomitantly [...]

European markets start the week pessimistic with woes over the outcome of the EU finance ministers meeting amid new Moody’s warning for UK »

Mon, Mar 15 2010, 10:53 GMT
European markets start their journey this week with jitters and volatility as the euro area Finance Ministers prepare to head into the chambers to contemplate the Greek debt crisis, whether to bail or NOT TO BAIL! While neighboring UK does not feel any vibes of hope either [...]

Stocks slip amid China, sovereign debt jitters (Reuters) »

SYDNEY (Reuters) –
Asian stocks fell from near seven-week highs on Monday as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets.
Markets were also cautious before U.S. and
later this week. Both are expected to keep
super loose, with a chance of [...]

Asian stocks lower amid spike in China inflation (AP) »

’s weaker growth tempered confidence in the regional economic rebound.
Most markets were modestly higher in the first two hours of trading but reversed course as the latest figures raised doubts about the outlook for major economies.
fell below $82 a barrel amid signs of tepid U.S. crude demand and the dollar lost ground against [...]

Goldman Sachs could slash CEO bonus amid pressure »

NEW YORK (Reuters) – Goldman Sachs Group Inc is likely to slash its chief executive’s bonus from the record $67.9 million he got two years ago, but Lloyd Blankfein’s pay package could still fuel criticism the bank has been “tone deaf” in its approach to the financial crisis.
Efforts to deflect criticism and keep regulators [...]

Obama’s 2010 budget: deficit soars amid job spending »

WASHINGTON (Reuters) – President Barack Obama pledged on Monday to halve a record 2010 budget deficit by the end of his first term in office, but made tackling double-digit unemployment his immediate priority with a spending plan that risked public ire and a rough battle in Congress.
Criticized by Republicans for raising taxes on wealthy [...]

Oil steady around $73 amid worries over demand »

PERTH (Reuters) – Oil was little changed on Monday, trading close to six-week lows amid concerns about global growth and sluggish oil demand.
Fresh economic data out of China, the world’s second-largest energy consumer, heightened concerns that Beijing would further tighten monetary policy.
An official purchasing managers index remained firmly in expansionary territory, while a [...]

Google faces China questions amid solid Q4 »

SAN FRANCISCO (Reuters) – Google Inc is expected to deliver stellar fourth-quarter results on Thursday, but investors will be seeking insight into a disagreement with China that has cast doubt on its future in the world’s largest Internet market.
A strong online holiday shopping season, improving advertising rates and market share gains should help Google, [...]