February 04, 2012 -- Updated July 30, 2009 00:31 HKT
ALNS Stockpreacher Hotpick
ALNS hit a high of $0.44 this morning so far which is a nice, QUICK gainer for many of you! We want to make sure everybody pays very close attention to the way ALNS trades. When you deal with these kind of stocks you can make some serious money, really quick! That being said, if [...]
GBP – MPC Likely On Hold But More Bonds Buys Later
LONDON (Dow Jones)–The Bank of England’s Monetary Policy Committee is likely to stick to its GBP75 billion securities purchase plan at its meeting next week, but will probably need to boost buying during the summer. The U.K. central bank is well on its way to achieving the desired level of asset purchases by early June, [...]
The dollar is continuing to lag against most of its major rivals
The dollar is continuing to lag against most of its major rivals – save for the yen – early Thursday, even though moves against most currencies are limited ahead of the month-end and looming holidays in Japan and much of Europe. Overnight, the dollar remained pressured by the worldwide rise in risk appetites that [...]
Oil earnings resilient despite oil price collapse
The oil and gas industry showed resilience to a collapse in crude prices, with producers and service companies reporting better-than-expected profits on Thursday. British gas producer BG Group (BG.L) said first-quarter profit, excluding one-off items, fell 13 percent to 690 million pounds ($1.0 billion), due to lower oil prices, but was ahead of a [...]
Video: Obama and the Economy
WASHINGTON (Reuters) – President Barack Obama sought to reassure Americans on Wednesday he was making progress tackling the economic crisis and in fixing the U.S. image abroad, but urged patience. “We are off to a good start. But it is just a start,” Obama told a White House news conference as he assessed his first [...]
Motorola Miss Estimates Loss Widens
NEW YORK (Reuters) – Motorola Inc (MOT.N) posted on Thursday a wider quarterly loss as sales missed Wall Street Estimates, but it forecast a narrower loss for the second quarter and said it plans further cost cuts. The company, which has struggled in recent years to stem sharp cell phone market share losses, posted [...]
U.S. bank “stress test” nerves return as Specter fades
WASHINGTON (Reuters) – Financial industry lobbyists in Washington were back to worrying on Wednesday about the stress tests of 19 big banks, after deciding not to worry — not much, anyway — about Senator Arlen Specter. U.S. regulators’ examinations of banks such as Citigroup and Bank of America were still being finalized and officials [...]
Taiwan Set to Boom as China Invests
April 30 (Bloomberg) — Taiwan’s stock index rose the most since 1991 and the currency rallied after the island allowed Chinese investments for the first time since a civil war ended six decades ago. Far EasTone Telecommunications Co., Taiwan’s third-largest phone company, surged by the 7 percent daily limit after China Mobile Ltd. agreed to [...]
Fed Sees Recession Easing, Numbers Say Otherwise
NEW YORK — The Fed confirmed Wednesday what Wall Street had already concluded: The recession is starting to ease. The continued decline in economic numbers tells a different story. Federal Reserve policymakers said at the end of a two-day meeting that while the economy is still receding, the pace of decline “appears to be somewhat [...]
US Economy Shrinks at Record Pace
The U.S economy shrank at a greater-than-expected 6.1 percent, the second-consecutive quarter with a decline of more than 6 percent as the nation remains firmly in the grasp of the global recession. The current quarter coupled with the 6.3 percent decline in fourth-quarter 2008 — the biggest drop in 25 years — created the [...]
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