Market
ASEAN Promoting Business in Middle East
The embassies of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand and Vietnam will be organizing the fourth ASEAN Bazaar & Tourism Exhibition in cooperation with the Asian Cultural Network on Feb 27, 2010 at the Radisson Blu Hotel’s Al Hashemi ll Grand Ballroom.
The Ambassadors of the participating ASEAN countries will be on hand to [...]
Bank of Japan Raises Economic View for First Time Since 2006
By Mayumi Otsuma
May 22 (Bloomberg) — The Bank of Japan raised its view of the economy for the first time in almost three years on signs that a record contraction in the first quarter represented the worst of the recession.
“Economic conditions have been deteriorating, but exports and production are beginning to level out,” the bank [...]
As Dollars Pile Up, Uneasy Traders Lower the Currency’s Value
The dollar was on a roll just a few months ago, bounding higher against foreign currencies as investors sought a safe hiding place for their money amid a global downturn. But now, many are rethinking their decision to buy American.
The dollar skidded to its lowest point in five months this week, battered by creeping fears [...]
Dollar Drops, Oil Rallys
NEW YORK — The dollar sank to a four-month low versus the euro Wednesday as higher oil prices and rising U.S. stocks reflect a return of investor confidence that’s spurring heavy selling of the safe-haven greenback.
As the dollar was sold off, the euro climbed as high as $1.3781, blowing right past a key level of [...]
India leads Global Rebound
CURRENCY TRADING SUMMARY – 19th May (00:30GMT)
U.S. Dollar Trading (USD) experienced another day of rapid change in market mood to finish significantly weaker than the start of Asia. The change was led by an incredible post election rally in India of over 17% before being limited by the exchange. The rally sent risk currencies surging [...]
Red Roadmaster 9 Hot Topics for the Week
In the ’60s, Ford Motor Co. was one of the best companies in the world; it used its familiar marketing slogan to tell customers that “we (FoMoCo) bring you better ideas.” Now by opting to go it alone, and eschewing the constraining government support that will likely relegate its US peers; Chrysler LLC and [...]
Dollar Mixed As Risk Aversion Rises; Yen Lower
LONDON (Dow Jones)–A rise in risk aversion helped the dollar rise in places in Europe Monday, while an increase in swine flu cases in Japan was undermining the yen, preventing the currency from cashing in on its safe-haven status.
The euro was also mixed as a result, rising against the yen but falling against the dollar [...]
Euro Heads for Weekly Decline Against Yen on ECB Policy Concern
The euro fell, heading for its first weekly loss against the yen in three weeks, on speculation the European Central Bank will take additional steps to keep down borrowing costs, damping demand for the currency.
The euro also dropped versus the dollar on concern a European report today will show the region’s economy shrank at the [...]
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