FOREXLEARNING

U.S. has tax statistics from 10 Swiss banks: report »

ZURICH | Sat Sep 10, 2011 9:39am EDT

ZURICH (Reuters) – U.S. authorities now have statistical data from the ten Swiss banks being investigated by the United States for helping U.S. clients to dodge taxes, Swiss newspaper Neue Zuercher Zeitung reported on Saturday.

TagesAnzeiger, another Swiss newspaper, reported [...]

U.S. demands action from Europe’s strongest at G7 »

By Catherine Bremer and Tetsushi Kajimoto
MARSEILLE, France | Fri Sep 9, 2011 10:51am EDT

MARSEILLE, France (Reuters) – The United States pressed Europe’s strongest economies on Friday to give “unequivocal” financial support to weaker euro zone states to overcome a debt crisis that threatens the world economy.

“It [...]

Exclusive: China c.bank withdraws 20 bln yuan from state lenders »

BEIJING | Fri Sep 9, 2011 4:49am EDT

BEIJING (Reuters) – China’s central bank has withdrawn at least 20 billion yuan ($3 billion) from some state-owned lenders via designated central bank bills, banking sources told Reuters on Friday.

State banks, including Industrial and Commercial Bank of China (1398.HK), [...]

ECB Stark set to resign from the ECB board »

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 [...]

From taiga to tank: hard scrabble for new oil »

By Melissa Akin
VERKHNECHONSK, Russia | Fri Sep 9, 2011 6:36am EDT

VERKHNECHONSK, Russia (Reuters) – Oil was discovered in 1978 deep under the forest floor in this corner of Eastern Siberia, but the challenges of drilling here were created hundreds of millions of years ago in a [...]

HSBC cuts its 2011 Eurozone growth forecast to 1.6% from 2%, and cuts 2012 from 1.4% to 0.7%. »

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 [...]

Euro slides from 6 1/2-month high »

The European common currency stopped its rally for three consecutive weeks against the dollar after touching 6 1/2-month high earlier today, while it also retreated against other majors on renewed debt concerns.
Financial Times said the Irish budget deficit for 2010 will be higher than the latest estimates, while Nobel Prize-winning economist Joseph Stiglitz said European [...]

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 [...]

Fed could emerge intact from Wall Street reform debate »

WASHINGTON (Reuters) – After suffering more than a year of abuse over its role in the financial crisis, the Federal Reserve is poised to emerge with its powers relatively intact as lawmakers finalize a sweeping overhaul of financial regulations.

Politics  |  Deals

With congressional elections looming in November, Democrats in charge of the process say the House of Representatives [...]

US trade defi cit widens from $39.4bn to $40.4bn in March »

News and views
US equities gained and treasury yields gained, but currency and commodity markets wee mixed. The modest lift in optimism seems to have been inspired by Spain’s announcement of spending cuts worth €15bn, with Portugal expected to follow with their own new targets in the next few days. Also comforting was Portugal’s ability to [...]