Translate

Search This Blog

Search Tool




May 3, 2010

NASDAQ: Forex Foreign Exchange. Apeil 3rd, 2010

Forex - Foreign Exchange:

Forex (FX) is the foreign exchange market where currency trading takes place. This market is unique due to its trading volumes, extreme liquidity, geographical dispersion, long trading hours, and a variety of factors affecting exchange rates.

Market News & Analysis + More News

Latest Forex News

Featured Forex Commentary

FGC BOLSA -FGC FINANCIAL MARKETS: Eurogroup Ministers concur with the Commission and ECB tahat market access for Greece is not Suficient. Brussels, 2 May 2010 / April 3rd , 2010


Brussels, 2 May 2010
Statement by the Eurogroup

Eurogroup Ministers concur with the Commission and the ECB that market access for
Greece is not sufficient and that providing a loan is warranted to safeguard financial
stability in the euro area as a whole. Following a request by the Greek authorities, euro
area Ministers unanimously agreed today to activate stability support to Greece via
bilateral loans centrally pooled by the European Commission under the conditions set
out in their statement of 11 April. Parliamentary approval, needed in some Member
States prior to the release of the first tranche, is expected to follow swiftly.

The Eurogroup is confident that the ambitious fiscal adjustment and comprehensive
structural reforms under the Greek authorities' programme are appropriate to stabilise
the fiscal and economic situation and address the fiscal and structural challenges of the
Greek economy in a decisive manner. The programme is supported by strong
conditionality. It will thereby also help restore confidence and safeguard financial
stability in the euro area.
In the context of a three year joint programme with the IMF, the financial package
makes available € 110 billion to help Greece meet its financing needs, with euro area
Member States ready to contribute for their part € 80 billion, of which up to € 30
billion in the first year. The first disbursements will be made available before the
payment obligations of the Greek government fall due on 19 May.
Euro area financial support will be provided under strong policy conditionality, on the
basis of a programme which has been negotiated with the Greek authorities by the
Commission and the IMF, in liaison with the ECB. The programme has been approved
by the Greek Council of Ministers on 2 May and endorsed by the Eurogroup on the
basis of a Commission and ECB assessment.

In this context, the Eurogroup welcomes the efforts to date by the Greek Government
to resolutely address the fiscal imbalances as well as the new measures announced
today in the framework of a three-year programme agreed with the European
Commission, the ECB and the IMF, which is also announcing its staff-level
agreement with Greece on a standby arrangement.

The main elements of policy conditionality, as endorsed today, will be enshrined in a
Council Decision under Articles 126 and 136 TFEU to be formally adopted in the
coming days and further detailed in a Memorandum of Understanding, to be concluded
between the Greek authorities and the Commission on behalf of euro area Member
States.

FGC BOLSA - FGC FINANCIAL MARKETS: Market Club, Brazil Stocks lower...May 3rd, 2010



LATIN AMERICA :  

Brazilian stocks lower following rate-inspired rally Mexico launches first IPO since mid-2008. For full story click  HERE


All MarketWatch News & Commentary »

5:59 p.m. Today | By Carla Mozee 
6:44 p.m. April 30, 2010 | By Carla Mozee | Comments: 1
5:03 p.m. April 29, 2010 | By Carla Mozee | Comments: 0
5:56 p.m. April 28, 2010 | By Carla Mozee | Comments: 3
 7:31 p.m. April 27, 2010 | By Carla Mozee | Comments: 1
6:58 p.m. April 26, 2010 | By Carla Mozee
6:17 p.m. April 23, 2010 | By Carla Mozee | Comments: 4
7:26 p.m. April 22, 2010 | By Carla Mozee | Comments: 4
5:01 p.m. April 21, 2010 | By Carla Mozee | Comments: 0
6:20 p.m. April 20, 2010 | By Carla Mozee
5:45 p.m. April 19, 2010 | By Carla Mozee
6:15 p.m. April 16, 2010 | By Carla Mozee | Comments: 2
8:17 p.m. April 15, 2010 | By Carla Mozee
5:52 p.m. April 14, 2010 | By Carla Mozee

MrketWatch: Personal Finance Stories: Home buyers: beware sellers who lie. may 3rd, 2010

MarketWatch
Personal Finance Daily
MAY 03, 2010

Monday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

I just received a phone call that's likely a scam related to the U.S. Census. While we usually use this portion of our Personal Finance Daily to highlight one of our feature stories of the day, I decided instead to use this space to describe this phone call as a reminder for readers that fraudsters always use news of the day -- such as the current Census -- to lure in people.

The call, which came to me here at work, started with an automated voice that said: "The 2010 Census is here. Diabetics, please notice that there is not a spot on your form asking about your status, but insurance carriers need this information to determine what they will cover." The taped voice continued for a while and, intrigued and sensing a scam, I pressed "1" to "fill out the survey."

When the live operator came on the line, I asked what a survey of diabetics had to do with the Census, and what company was conducting the survey. The operator hemmed and hawed for a moment, and then hung up on me.

While the Census Bureau does conduct telephone interviews for some of its surveys, the operator's behavior and a quick Google search seem to confirm that this diabetes-related call is likely a scam.

And it's not the only scam out there. Here's a U.S. Census page with more information on avoiding tricks and frauds. Also, see this Bankrate.com article on four Census-related scams.

So, be wary, and don't give out personal information over the phone unless you've verified to whom you're speaking. Also, don't miss Amy Hoak's column today on how home buyers should be wary of sellers who may be fudging the truth on their home-sale disclosure forms, and read Ruth Mantell's story on why you shouldn't get lulled into thinking that your work emails are private. They're not.

-- Andrea Coombes , Personal Finance editor

REAL ESTATE

Don't fall victim to a lying home seller

Buyers beware: In a tough real estate market, it's tempting for sellers to stretch the truth or lie by omission on their disclosures, and cover up minor -- but material -- problems with a home in order to close the deal.
See Amy Hoak's Home Economics.


THE WORKPLACE

Workers should expect no privacy with office email

Securities and Exchange Commission workers whiled away the hours looking at porn on the Internet. A California police officer used his work-provided pager to send sexually explicit notes. These are a couple of workplace e-flaps that have made headlines recently as employers and employees struggle to figure out whether and to what extent personal use of company communications technology is acceptable.
See Careers.


TRAVEL

The United-Continental merger and your flight

A new biggest airline is on the way and it may affect the way you fly. Ann Cates is talking quarterly earnings and more in the "Three Things you need to know." Ron Amadon explains why more of us are car shopping these days.
 Listen to radio report on the United-Continental airline merger and your flight.


While the merger of United Airlines and Continental Airlines Inc. is unlikely to bring big short-term changes for the nation's fliers, it may cause trouble further out as hubs are consolidated or eliminated, and the reduced competition could also mean higher fares. Read more about the impact of the United-Continental merger plan.

INVESTING

A death sentence for your retirement savings

Many investors have become completely frozen by disappointment and circumstance. They're giving up on IRAs, 401(k)s and other tax-advantaged accounts. But doing nothing is no solution.
See Chuck Jaffe.


How to tell whether your mutual fund is doing a good job

When mutual-fund investors think about who's responsible for the performance -- or underperformance -- of their shares, they usually tag the fund manager.
See Mutual Understanding.


Investing advice for new grads

Millions of Americans will graduate from high school or college this month and next. Deciding where to hang the diploma will be easy. Deciding how to start investing probably won't be.
See story on investing advice for new grads.


Trading strategies for May

As the bull market climbs, good deals are harder to find. Let our experts help you find value in a frothy market.
See special report: Trading Strategies.


The dividend strategies that best juice your returns

Dividends are coming back in style with investors and they're not just for widows, orphans and coupon-clippers any more.
See Weekend Investor.


Don't take action on this 'activist' mutual fund

If the definition of insanity is trying the same thing over and over expecting new results, then investors would be crazy to buy into a brand new mutual fund that promises to put a new twist on "shareholder activism."
See Chuck Jaffe.


CARS

2010 Ford F-150 4x4 SVT Raptor

Tell me that this "Molten Orange" pickup isn't the most kick-butt pickup you have ever seen. Crouch down to take a head-on picture and one thought comes to mind: "Did I leave this thing in park?"
See Auto Review.


CONSUMERS

Commentary: Consumers spending too much

Finally, the consumer looks ready to spend the country to a recovery. Every stimulus package and tax break in recent memory was designed to put more money in the hands of consumers, in the hope that the consumer would turn that cash around and inject it back to the economy.
See MarketWatch First Take.


Don't cut your credit score when you cut up your credit cards

Canceling an unused credit card can ding your credit score, but there's a way to minimize the impact.
See story on don't cut your credit score when you cut up your credit cards.


Banks still tight with credit, Fed survey says

Most U.S. banks maintained tight restrictions on most types of loans to businesses and consumers over the past three months, making it difficult for borrowers to obtain credit, according to a survey of the banks' senior loan officers released Monday by the Federal Reserve.
See story on banks still tight with credit, Fed survey says.


U.S. consumer spending surpasses pre-recession peak

Boosted by spending on autos, real U.S. consumer spending increased 0.5% to a record high in March, at last surpassing the pre-recession peak set in November 2007, the Commerce Department estimated Monday.
See Economic Report.


THE JOB MARKET

Businesses finally hiring, but slowly

After shedding more than 8 million jobs over the past two years, the U.S. businesses are finally hiring again, but the pace is still too slow to bring down the unemployment rate.
See Economic Preview.


SMALL BUSINESS

Picking your business as a new entrepreneur

For Segundo Baldovino, the decision to become an entrepreneur last year was a no-brainer. The hard part was choosing what type of business to launch. Baldovino was laid off in January 2009 from a management position at Ford Motor in Detroit.
See story on how to pick your business as a new entrepreneur.


HEALTH CARE

Johnson & Johnson recalls liquid Tylenol, Motrin for kids

Pharmaceutical giant Johnson & Johnson Inc. has initiated a voluntary recall of liquid Tylenol, Motrin and other over-the-counter drugs for children and infants because of "manufacturing deficiencies" in its Port Washington, Pa. plant that may affect quality, purity or potency of the drugs.
See full story on the drug recall.

NYT: Afternoon Business Update. May 3rd, 2010

Afternoon Business Update

BUSINESS

Higher April Sales for Ford and G.M.

By NICK BUNKLEY
Automakers are entering the heart of the traditional spring selling season with considerably more momentum than a year ago.

Spain Risks Falling Into Same Trap as Greece

By RAPHAEL MINDER
The problems of Spain's struggling cajas are emblematic of the Spanish government's similarly hesitant efforts to deal with the country's crushing fiscal deficits.

Cultural Differences Drive European Response to Greek Crisis

By KATRIN BENNHOLD
The Greek saga has brought back to the boil the long-simmering culture clash between the European Union's traditional drivers: conservative Germany and socialist France.

A Confidence Builder for Wall Street

By CHRISTINE HAUSER
The United-Continental merger was the latest in a series of deals in the last two weeks and helped to give traders a shot of confidence.

Leaving Early? It'll Cost You

By JANE L. LEVERE
Hotels are expected to add and even raise existing fees charged to customers in an effort to make more money, much like the airlines.

DAI: Optimism on economy a broad boost for Wall Street. May 3rd. 2010




If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good evening Fernando, MON 03 May 2010 
Optimism on economy a broad boost for Wall Street
Factory growth rises, consumer spending up
Ford, Hyundai U.S. April sales up sharply
UAL, Continental to form largest airline
Investors skeptical of record Greek bailout
Apple iPad reaches 1 million sales faster than iPhone
Goldman supboenaed in closely watched fund case
BP shares extend slide as oil spill expands
GMAC posts profit, plans name change
U.S. probes potential Chrysler sticky pedal issue


Optimism on economy a broad boost for Wall Street
May 03, 2010 02:25 PM ET
NEW YORK (Reuters) - U.S. stocks rose broadly on Monday as data showed the economy's recovery remained on track, and details of a European financial rescue package for Greece provided a measure of relief.

Full Article
Factory growth rises, consumer spending up
May 03, 2010 04:34 PM ET
NEW YORK (Reuters) - Manufacturing registered its fastest pace of growth in nearly six years in April while data on construction and consumer spending pointed to further strength in the economy.

Full Article
Ford, Hyundai U.S. April sales up sharply
May 03, 2010 03:45 PM ET
DETROIT (Reuters) - U.S. auto sales rose in April from recession-stunted results a year earlier, supported in part by incentives, led by Ford Motor Co and Hyundai Motor Co .

Full Article
UAL, Continental to form largest airline
May 03, 2010 04:30 PM ET
NEW YORK/CHICAGO (Reuters) - United Airlines parent UAL Corp will buy Continental Airlines Inc for $3.17 billion in an all-stock deal that will form the world's largest carrier and potentially prune excess capacity in the airline industry.

Full Article
Investors skeptical of record Greek bailout
May 03, 2010 03:23 PM ET
ATHENS/LONDON (Reuters) - Markets reacted skeptically on Monday to a record 110 billion euro ($145 billion) bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.

Full Article
Apple iPad reaches 1 million sales faster than iPhone
May 03, 2010 12:01 PM ET
NEW YORK/SAN FRANCISCO (Reuters) - Apple Inc has sold 1 million iPads since their April 3 launch, as the company passed that sales milestone faster than many analysts had expected.

Full Article
Goldman supboenaed in closely watched fund case
May 03, 2010 03:01 PM ET
NEW YORK (Reuters) - Lawyers for Goldman Sachs Group Inc have been served a subpoena to testify or provide information in a closely watched case of illegal insider trading allegations, according to a court document made public on Monday.

Full Article
BP shares extend slide as oil spill expands
May 03, 2010 12:39 PM ET
NEW YORK (Reuters) - Oil giant BP Plc's shares sank further on Monday as the oil spill in the Gulf of Mexico continued to grow and the U.S. Justice Department said it was taking part in an investigation of the disaster.

Full Article
GMAC posts profit, plans name change
May 03, 2010 02:56 PM ET
NEW YORK (Reuters) - GMAC Financial Services, a lender majority-owned by the U.S. government, posted its first profit since the fourth quarter of 2008 as it starts to recover from billions of dollars lost on bad mortgages.

Full Article
U.S. probes potential Chrysler sticky pedal issue
May 03, 2010 10:32 AM ET
DETROIT (Reuters) - U.S. safety regulators have opened an investigation to review a potential sticky accelerator pedal problem in Chrysler Group LLC's 2007 model-year Dodge Caliber cars.

Full Article











REUTERSwww.reuters.com