Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
China banks absorbed $170 billion FX swaps in ‘09: report »
Chinese commercial banks absorbed about $170 billion in foreign exchange from the financial system last year, mainly through yuan-dollar swaps, state media on Wednesday cited a former official as saying.
The Shanghai Securities News cited Xu Shanda, former deputy head of the State Administration of Taxation, as saying that the State Administration of Foreign Exchange [...]
Forex Midday Report – March 2 »
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 [...]
Stronger manufacturing report lifts stock market (AP) »
.
rose 84 points, bringing its gains for the week to nearly 300 points. It’s the best streak for the Dow since November.
announced it was hiking the interest rate that it charges banks for emergency loans. The move doesn’t change consumer borrowing rates, but the notion that policymakers would start to reel in some [...]
The dollar rebounds on upbeat services report »
Wed, Feb 3 2010, 16:39 GMT
by ecPulse.com analysis team
The U.S. dollar recouped its earlier losses after the release of ISM non-manufacturing report which showed that the services expanded in January to 50.5 from 49.8 in December. The dollar index, a gauge of the dollar movements against a basket of major currencies, [...]
BofA approved more than $4 billion for 2009 pay: report »
NEW YORK (Reuters) – Bank of America Corp has approved more than $4 billion in 2009 pay for its investment bankers and traders, according to the Wall Street Journal.
The payout is about 19 percent of the $23 billion in revenue the company made from its investment banking and capital markets divisions, according to the [...]
Asia markets jump after US gains on housing report (AP) »
jumped Wednesday, following
higher after encouraging reports about the beleaguered U.S. housing sector helped restore confidence in an economic recovery.
Several bourses shot up more than 2 percent after the U.S. market, reversing last month’s slide, posted its biggest back-to-back gains in almost three months.
gained modestly after surging the day before, while the dollar [...]
Forex Midday Report – Jan 29th »
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 [...]
London Gold Market Report »
Thu, Jan 28 2010, 14:20 GMT
Gold “Inevitably” Tracking the Euro as Fed Holds, Risk Assets “Challenged”
of wholesale gold bounced higher from a new 5-week low to the Dollar overnight in Asia on Thursday, rising in London trade to match a 0.5% gain in world stock markets.
Earlier dropping as the European [...]
Citi mulling sale of real estate unit: report »
Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an
which requires fair presentation and [...]
Forex Evening Report – Jan 25th »
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 [...]