Search This Blog


Search Tool

Jun 28, 2010

NASDAQ : Latest Forex News 10:57 GMT - 5 : June 28th., 2010


Latest Forex News

FGC BOLSA - FGC FINANCIAL MARKETS : MarketWatch - Industry Financial Services.- Europe weighs capital injection for Banks :. June 28th., 2010


Europe weighs capital injections for banks: report

By MarketWatch
6/28/2010 9:51:00 PM

European leaders reportedly suggest at the Group of Eight summit last week that they will consider injecting public funds into banks if stress tests show a need to replenish their capital. See full story

Opportunities abound in African markets

By Aude Lagorce MarketWatch
6/28/2010 5:06:00 PM

Sub-Saharan Africa is worth a closer look after it was widely bypassed by last year's global rally. See full story

New regs may cut big bank profit 13%: Goldman

By Alistair Barr MarketWatch
6/28/2010 4:02:00 PM

SAN FRANCISCO (MarketWatch) -- New financial regulations could chop big bank earnings 13%, with Citigroup Inc., Bank of America and Morgan Stanley among the hardest hit, Goldman Sachs analysts estimated Monday.  See full story

MarketWatch : Personal Finance Daily.- With reverse mortgages, there's no easy answer. June 28th., 2010

Personal Finance Daily
JUNE 28, 2010

Monday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

Reverse mortgages are one of those products that seem like a really good idea in theory, but then you have to spend inordinate amounts of time figuring out whether the benefits outweigh the costs.

With reverse mortgages, the up-front fees are substantial. Still, those fees have been coming down in recent months. Then again, so has the amount of home equity homeowners can tap with a reverse mortgage. Then there are the scams to watch for: See this report by the National Consumer Law Center for some scary stories.

Some 114,692 reverse mortgages were made in fiscal 2009, a huge increase from the 157 loans made in fiscal 1990 when the program -- the government's home-equity conversion mortgage or HECM program, which accounts for most reverse mortgages -- first started, according to the National Reverse Mortgage Lenders Association.

Clearly, there is growing interest in these products. Not least because, as Amy Hoak writes in her Home Economics column, some homeowners are using these loans as a means to tap some much-needed cash during this economic downturn.

For older Americans with a lot of equity in their homes, pulling some cash out of their home, if they need to pay bills, would seem to make sense. The question is, at what cost?

-- Andrea Coombes , Personal Finance editor

Reverse mortgages now a less-costly lifeline

Up-front fees on reverse mortgages have fallen substantially in recent months, giving homeowners interested in this product a new challenge: how to best compare offers to find the best one.
See Amy Hoak's Home Economics.


2010 Mini Cooper: Still fun, still easy on the gas

When you put together a high fun-to-drive factor, good gas mileage, great handling and a classic look, you can see how people love this little car.
See Auto Review.


Did China save your retirement?

Sometimes promising news comes from unexpected places. For instance, early last week the People's Republic of China took steps that may do your retirement portfolio a favor.
See Dave Kansas.

New Medigap options

Consumers shopping for Medicare supplement insurance, or Medigap coverage, have some new options
See story on new Medigap options.


Combining volunteerism with travel

When Shannon Mancuso decided to take a trip to Peru this past spring, she wanted to find a way to immerse herself in the country's culture while tapping into her skills as a social worker.
See story on combining volunteerism with travel.


Back down the ladder

If job stress is wearing you down, and you want to spend more time with family but can't or don't want to quit your job altogether, it can be easy to feel stuck. But there's an alternative to consider: a voluntary demotion.
See story on moving back down the career ladder.


Winning back investors' hearts and minds in Monaco

Keeping the customer happy and the money flowing. Tall orders, but those seem to be the general themes for this week's Fund Forum International, which will gather over a 1,000 asset allocators and 35 chief executives in the small sovereign city-state surrounded by France, known best for its status as a tax haven and refuge for wealthy foreigners.
See story on winning back investors' hearts and minds in Monaco.

More fund companies jump into ETFs

At the Morningstar investor conference a decade ago, the biggest names in the fund business talked about newfangled products called exchange-traded funds that would someday supplement the typical mutual fund. This week, the news out of Chicago was that there might soon be a day when at least half of the mutual-fund community converts its traditional funds into ETFs.
See Chuck Jaffe.

Long Treasury-bond ETFs jump on market uncertainty

Exchange-traded funds that track long-term Treasury bonds have rallied strongly since the beginning of April on Europe's lingering debt problems and worries the U.S. economic recovery is stalling.
See ETF Investing.

Dividends are back

We are just months removed from one of the worst years for corporate dividends on record. Uncle Sam is expected to take another big bite out of that income in 2011 in the form of sharply higher taxes.
See story on dividends are back.

These small-bank stocks are good values now

Every Friday afternoon for the past year, it's been the small-bank death watch: Which U.S. bank would federal regulators seize next?
See story on these small-bank stocks are good values now.

Markets sense the plague is coming back

In the 1947 classic novel "The Plague" by Albert Camus, a deadly epidemic shuts the town of Oran in Algeria from the outside world and leads to panic, a near collapse of institutions, order, common sense and humanity.
See Nick Godt's Market Medics.


Savings rate inches higher in May

The savings rate for U.S. households rose to the highest level in eight months in May, as incomes grew faster than spending, the Commerce Department estimated Monday.
See Economic Report.

Big banks face 'jarring shake-up' from new rules

Financial reforms finalized this week may trigger a "jarring shake-up" of the industry, forcing some of the largest companies to change how and where they do business in a bid to preserve profits, analysts say.
See story on big banks face 'jarring shake-up' from new rules.

Private payrolls on the rebound, economists say

Don't be fooled this Friday when the government reports a big decline in U.S. nonfarm payrolls for June. It isn't really as grim as it'll look.
See Economic Preview.

G-20 countries set deficit and debt-reducing goals

Top leaders of Group of 20 major economies reached an agreement on common goals for deficit and debt reduction Sunday, but with governments permitted to use their own methods to reach those goals, according to a summit statement.
See story on G-20 countries set deficit and debt-reducing goals.

Tighter budgets, bank reform needed now: BIS

The clearinghouse for the world's central banks sounded a call Monday for quick action to rein in budget deficits and to overhaul the international financial sector and warned that central banks may need to begin hiking interest rates from extremely low levels sooner rather than later.
See story on tighter budgets, bank reform needed now: BIS.

Kagan hearings kick off with partisan angling

Republicans were in attack mode Monday for the kickoff of Elena Kagan's Supreme Court confirmation hearings, as they sought to highlight the lack of judicial experience in President Barack Obama's selection for the nation's highest court.
See story on Kagan hearings kick off with partisan angling.

Supreme Court rules against part of Sarbanes-Oxley Act

The Supreme Court struck down part of the 2002 Sarbanes-Oxley Act on Monday, saying that a section of the landmark law enacted after the corporate-governance scandals of the early 2000s violates the Constitution's separation of powers mandate.
See story on Supreme Court rules against part of Sarbanes-Oxley Act.

White House unveils plan to promote wireless Internet

The Obama administration on Monday said it plans to double the amount of radio spectrum available to wireless-phone companies as part of a longer-term effort to create jobs and improve mobile access to the Internet.
See story on White House unveils plan to promote wireless Internet.

CNBC : Evening Brief: Stock Values Are 'Better Now,' Big Rally On the Way: Cohen. June 28th., 2010


»click here to see the latest top stories from


Breaking America's Oil Addiction
Discussing how realistic it is for the auto industry to switch to alternative fuels, with Rich Moskowitz, of the American Trucking Association, and Anthony Perl, of the Post-Carbon Institute.
» Watch Video

Gartman Bullish on Gold
Dennis Gartman, founder of The Gartman Letter, tells CNBC why he's still bullish on gold.
» Watch Video

Sprint CEO on Wireless Strategy
Dan Hesse, CEO of Sprint, goes on the record with the Strategy Session crew.
» Watch Video  

Will Cutting Deficits Hurt Growth?
Discussing whether the G20 can cut debt without hurting growth, with Allen Sinai, Decision Economics and Michael Hewson, CMC Markets.
» Watch Video

THE GATA DISPATCH : Focus today on Gold from Three Different Angles. June 28th., 2010

Alex Cowie: Why gold is trending toward $27,163

2a ET Monday, June 28, 2010
Dear Friend of GATA and Gold:
Adapting methodology often suggested by proprietor and gold mining executive Jim Sinclair, Alex Cowie of the Diggers and Drillers letter argues that the target price for gold is more than US$27,000, which he figures is the valuation needed to offset global public debt with central bank gold reserves. Of course Cowie seems to assume that reported reserves are actual reserves and that gold leasing has not caused central banks to do anything duplicitous with their reserve accounting -- a careless assumption but one he may be forgiven in favor of his larger point. Cowie's analysis is headlined "Why Gold is Trending Toward US$27,163" and you can find it at Money Morning Australia here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Why central banks do care about gold: the connection to interest rates

1:46a ET Monday, June 28, 2010
Dear Friend of GATA and Gold:
In his obscure academic paper published in the June 1988 issue of The Journal of Political Economy, then-Harvard Professor Lawrence H. Summers, eventually to become U.S. Treasury secretary and presidential economics adviser, explained the inverse relationship between gold and real interest rates and implied that government could control the latter if it could control the former:
In recent and much shorter essays the financial writers Adrian Ash of Bullion Vault and Andrew Mickey of Q1 Publishing have elaborated a lot more understandably on the relationship between interest rates and gold.
Mickey's essay is headlined "Bernanke's Bind: One Chart Reveals Gold's Next Move" and you can find it at GoldSeek here:
Ash's essay is headlined "What The Economist Doesn't Know About Gold" and you can find it at Bullion Vault here:
Both conclude that as long as the real rate of interest is being destroyed and government currency devalued, the direction of the gold price has to be up. GATA would put an asterisk on that conclusion, to the effect that gold's rise will be tempered by central bank gold dishoarding and backstopping of bullion bank gold paper sales; but the more that people buy and take delivery of real metal rather than bullion bank paper, the faster the gold price will rise.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

1983 magazine profile shows BIS constantly intervening in gold market in secret

1a ET Monday, June 28, 2010
Dear Friend of GATA and Gold:
Thanks to our friend W.G. for pointing out a fascinating article written for Harper's magazine in November 1983 about the Bank for International Settlements by the veteran journalist Edward Jay Epstein, who seems to have been given unusual access to top BIS officials. Epstein's article shows the BIS running the world financial system almost entirely in secret and, in the process, frequently intervening in the gold market or making gold available to arbitrageurs as part of a general system of currency market regulation -- and swapping gold particularly as part of a policy of supporting the U.S. dollar.
Of course this was 27 years ago and the BIS couldn't possibly be part of such things anymore, could it? After all, Kitco senior market analyst Jon Nadler says central banks have no motive to manipulate the gold market, and CPM Group executive Jeff Christian says central bankers hardly ever think about gold. (That would explain why they have chosen him as their gold consultant.)
Epstein's article is headlined "Ruling the World of Money" and you can find it in the archive of his Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Join GATA here: New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel

* * *
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:


ABCNews : Australia Business Energy Stocks Drag Down Wall Street. June 28 th., 2010 at 7:54 GMT- 5

Energy stocks drag down Wall Street
A late fall has sent stocks lower on Wall Street as investors worried the G20's pledge to halve deficits by 2013 could weigh on economic growth.


Water price hike 'lethal' for communities
Water company bosses have been accused of hitting south-east Queensland communities with a "lethal injection" after announcing big increases in the cost of water.

Time runs out for father of Swatch
The man behind the Swatch plastic watch has died of heart failure while at work at the company he transformed into the world's biggest watchmaker.

FOX BUSINESS : Roubini : Economy Weakening Right Now. June 28th., 2010

stock traders Oct 2009 04 276

Roubini: Economy Weakening Right Now

Is the World Broke? Economist Nouriel Roubini discusses which countries are facing a double-dip recession and sheds light on global debt woes.

Court Takes Aim at Oversight Board

The Supreme Court ruled that the appointment process to an auditing board formed by the Sarbanes-Oxley legislation is unconstitutional.

Financial Reform: A Blessing & Curse

WATCH A look at the potential unintended consequences of financial-regulatory reform.

FGC BOLSA - FGC FINANCIAL MARKETS : U. S. Markets at Close. June 28th 2010


Market Snapshot
Index Last Change %Change  
DJIA 10,138.52 -5.29 0.05% Hilighted
Nasdaq 2,220.65 -2.83 0.13%  
S&P 500 1,074.57 -2.19 0.20%  
FOX 50 784.37 +1.88 0.24%  
DIJA Chart

6/28/2010 4:30:00 PM ET DJ30 PointChange: -5.29 Level: 10138.52 NASDAQ PointChange: -2.83 Level: 2220.65 SP500 PointChange: -2.19 Level: 1074.57 NASDAQ-Adv:1090 Dec: 1572 NYSE-Adv:1420 Dec: 1626
[BRIEFING.COM] Monday made for an underwhelming start to the week as stocks traded listlessly in light volume before they booked a modest loss. Meanwhile, Treasuries traded with steady strength, such that the yield on the 10-year Note fell to a new 52-week low.
Stocks appeared poised for a positive start as premarket participants took their cues from Europe's major bourses, which moved higher amid news that members of the G-20 agreed to slash deficits and even proposed to give banks a more flexible timeline to build capital reserves.
Morning traders were also handed some encouraging markers for future spending activity. Specifically, real disposable income for May increased 0.5% -- the third straight monthly increase -- while the personal savings rate ticked up to 4.0% from 3.8% in April. Though the 0.4% increase in personal income for May was shy of the 0.5% increase that had been widely expected, personal income for April was revised higher to reflect a 0.5% increase. Moreover, core personal consumption expenditures (PCE) increased 0.2%, which was slightly higher than the 0.1% increase that had been expected.
Yet instead of a strong start, stocks set their lows in the early going as a mild, but broad-based fit of selling pressure hit stocks shortly after the open.
Materials stocks were in the worst shape for most of the session. They finished with a collective loss of 1.1%. Of the major sectors, only energy's 1.3% drop was worse.
In contrast, telecom and consumer staples stocks traded with strength for the entire day. The two defensive-oriented sectors were able to settle with respective gains of 1.0% and 1.1%.

Read more:

RTTNews Daily Market Analysis: Uncertainties May Lead To Indecision . June 28th., 2010

Daily Market Analysis Mon Jun 28 09:26 2010 

Jun?28,?2010 Uncertainties May Lead To Indecision - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a mixed opening on Monday, with sentiment still precariously poised as traders prepare themselves to digest a flurry of economic data scheduled for the week. In Asia, stocks showed mixed sentiment, while the European averages have turned mixed after seeing some strength in early trading. An economic report released earlier in the day was mostly positive, with personal income growth coming in line with expectations, while personal spending unexpectedly rose. Full Article

RTTNews : Morning Market Briefing.-Stocks Set For Lackluster Start After Consumer Income, Spending Data - U.S. Commentary . June 28th., 2010

Morning Market Briefing Mon Jun 28 09:01 2010 


Jun 28, 2010 Stocks Set For Lackluster Start After Consumer Income, Spending Data - U.S. Commentary U.S. stock futures are pointing to a mixed open Monday, as the markets digest largely in-line consumer income and spending figures and relatively uninspiring results of the G20 summit. The major index futures are little changed, with the Dow futures down by 8 points. Full Article

Economic News

Jun 28, 2010 U.K. House Price Inflation Eases Further: Hometrack U.K. house prices recorded only a slight growth as the supply of property exceeded demand in June, a closely watched survey showed on Monday. Full Article
Jun 28, 2010 Eurozone Private Lending Logs Moderate Growth Eurozone private sector credit growth showed a moderate improvement in May, despite huge liquidity injections, figures released by the European Central Bank showed Monday. The weak growth in credit supply highlights that banks remain cautious. Full Article
Jun 28, 2010 Personal Income Rose 0.4% In May, Spending Edged Up 0.2% Personal income increased by slightly less than expected in the month of May, according to a report released by the Commerce Department on Monday, although the report also showed that personal spending increased by a little more than anticipated. Full Article
Jun 28, 2010 Fed Move A Long Way Off?The cloudy economic reports of recent weeks have stirred up a debate on the sustainability of the economic recovery. Full Article
Jun 28, 2010 Japan Retail Sales Miss Forecasts For MayRetail sales in Japan climbed 2.8% year-on-year in May, the Ministry of Economy, Trade and Industry said on Monday. Full Article

Corporate News

Jun 28, 2010 URS to buy UK's Scott Wilson for US$ 242 mlnMonday, URS Corp. (URS) and Scott Wilson Group plc. (SWG.L) announced that URS agreed to buy the latter for about GBP 161 million or US$ 242 million in cash for stock deal. URS said it would fund the 210 pence-a-share deal, which is yet to receive regulatory and shareholder approvals, from its existing cash resources. URS expects the transaction to close in the third quarter of 2010, and to be accretive to earnings per share in fiscal 2011. Full Article
Jun 28, 2010 Noble Corp. to acquire FDR for $2.16 blnMonday, Noble Corp. (NE) said it agreed to acquire privately held FDR Holdings Ltd for $2.16 billion. Noble expects the deal to close by the end of July 2010. The company also expects the purchase to be accretive to cash flow immediately, and accretive to earnings on the commencement of operations on the Bully rigs, which is expected to begin in 2011. Full Article

Todays WS Events

Jun 28, 2010 Noble Conference Call At 10:00 AM ET, On Frontier Drilling Acquisition Noble Corp. (NE) will host a conference call at 10:00 AM, ET, on June 28, 2010, to discuss Frontier Drilling acquisition. To access the live webcast, log on at To hear the live call, dial 1-866-461-7129 (US) or +1-706-679-3084 (International) with access code 84147600. A replay of the call can be heard by dialing 1-800-642-1687 or + 1-706-645-9291 (International) with access code 84147600.
Jun 28, 2010 CarMax 2010 Annual Meeting Of Shareholders At 1:00 PM ET CarMax Inc. (KMX) will host its 2010 Annual Meeting of Shareholders at the Richmond Marriott West Hotel in Glen Allen, Va. The event is scheduled to begin at 1:00 PM ET, June 28, 2010. To access the live webcast, log on to
Jun 28, 2010 Duke Energy Investor Conference Call At 2:00 PM ET Duke Energy Corporation (DUK) will host a conference call at 2:00 PM ET June 28, 2010, for investors and analysts To access the live webcast, log on at The call can also be accessed by dialing 913-312-0422 (US) or 888-596-2633 (International) with code 4558621. For replay of the call, dial 719-457-0820 (US) or 888-203-1112 (International) with Code 4558621.

General News

Jun 28, 2010 Longest-serving US Senator Robert Byrd Is DeadThe longest-serving member of the U.S. Congress in history, Senator Robert Byrd, died at a hospital in Fairfax, Virginia, on Monday. He was 92. Full Article

FOX BUSINESS : Breaking News.-Consumer Spending Rises . June 28th., 2010

Woman Shopping || Consumer Spending || Retail [276]
Consumer Spending Rises Consumer spending rose slightly more than expected in May as savings touched their highest level in eight months. Spending edged up 0.2% after falling flat in April.

Check out the new FOX Business Android app

Obama: Serious About Tackling Deficits

Is the World Broke? The president said he would follow on reining in soaring U.S. budget deficits.

Futures Rise After G-20

Pledges by the leaders of the G-20 to reduce their debts and deficits helped futures rise.

Storm Fears Wane, BP Shares Up

Shares of BP jumped as fears subsided that a tropical storm would disrupt the cleanup operation.

Sen. Byrd Dies at Age 92

The longest-serving member in the history of Congress, which could delay a vote on bank reform.

Central Banks Warn of New Crisis

Central banks should not wait too long to raise borrowing costs or they may create the next crisis.

Fed's Bullard: Banks Face Limbo Period

The St. Louis Federal Reserve Bank president said banks are headed for a two-year limbo period.

NYT : Business : At Summit, Banks Avoid New Global Regulations. June 28th., 2010


At Summit, Banks Avoid New Global Regulations
A new set of global rules on capital and liquidity are to be finished at the next G-20 summit talks in November, but it could be years before they take effect.

BP Loses Trading-Floor Swagger in Energy Markets
The future of BP’s trading unit is uncertain as oil spill costs mount and rival firms try to lure away traders.

Labor’s New Critics: Old Allies in Elected Office
Republicans have often railed against public employees’ pay and benefits, but now friends of labor are joining in.

More Business News

Money Morning : What Current Sentiment on U.S. Stimulus Means for the Market. June 28th., 2010

June 28, 2010
Can Bulls Lift a Market Threatened By Uncertainty Surrounding U.S. Stimulus Measures?

By Jon D. Markman, Contributing Writer, Money Morning

Stocks spilled the past week like water over a broken dam as investors priced in more evidence that consumers, businesses and home-buyers have gone on strike despite U.S. stimulus measures and record-cheap interest rates that have put mortgages, car loans and store-credit costs at 100-year lows. In the five-day span, the Dow Jones Industrial Average fell 2.5% and the Standard & Poor's 500 Index sank 3.6%; Nasdaq and Russell 2000 Index all fell 3.2%.

Catalyst for the latest spasm of selling came from disappointing news on durable goods sales and initial jobless claims, and weak earnings news or outlooks from consumer-facing companies Bed Bath & Beyond Inc. (Nasdaq: BBBY), Darden Restaurants, Inc. (NYSE: DRI), Lennar Corp. (NYSE: LEN) and Nike, Inc. (NYSE: NKE).

All of the major U.S. and global indexes are now below their 200-day averages for the first time since early June.

Markman on...
- What no one is telling you about this new stock market...

29 Picks. 29 Wins.

100% Perfect Record.

What more can we say? Since launch, The Geiger Index has made 29 picks and ALL of them were winners. Zero losses. Here's how you can get in on the next pick. Just click here...

Money Morning Midyear Forecast: The U.S. Economy is Headed For a Second-Half Slowdown

[Editor's Note: This look at the U.S. economy is the latest installment in Money Morning's ongoing Midyear Economic Forecast series, which has covered such topics as oil, gold, and the U.S. dollar. The series is slated to continue.]

By Don Miller, Associate Editor, Money Morning

Most textbook economists say that the U.S. economy is engaged in a broad-based recovery. But while there's a consensus that there's no "double-dip" recession on the horizon, the evidence suggests the nation's economy is headed for a slowdown in the second half of 2010.

The reason: In a market that derives 70% of its growth from consumer spending, the last half of this year will be all about those consumers - and about the economy's inability to generate enough jobs to keep the nation's cash registers ringing.

If you add to that concern the end of the various government stimulus efforts, possible fallout from the Eurozone debt contagion, and oil in the Gulf of Mexico defiling the shores of four states, you end up with an economic outlook that's clouded with uncertainty.

And that uncertainty will continue to stifle hiring and will result in another round of consumer belt-tightening - and a continued economic malaise.


Money Morning Mailbag

We'd like to hear from you! If you have an idea that amplifies something you've read in Money Morning, send it to us here to share:

"ALL BRANCHES... of our government ARE IN BUSINESS with Wall Street..."
from Money Morning Reader, T.S.

Buy, Sell or Hold: Enbridge Energy Partners, L.P. (NYSE: EEP) Brings Some Stability to a Volatile Market

By Horacio R. Marquez, Contributing Editor, Money Morning

It seems like every week there's a new development that forces investors to rethink their investment strategies.

This week we will see the initial consequences of the weekend's all-important Group of 20 (G20) meeting. A lot of very important issues are up for debate among the world's top 20 countries, as are policies that will shape the intensity and distribution of global growth in the months and years ahead.

The meeting will be fraught with controversy as each economy is proceeding at its own distinct pace of growth and faces its own set of challenges.

China, which recently showed a superlative 50% year-over-year increase in exports, has run out of excuses to justify its undervalued currency. The country also is facing strong inflationary pressures, which include labor strikes by workers demanding higher pay.

Read full story...

NASDAQ : Latest Foresx News. June 28th., 2010., ( 04:20 a.m. GMT-5)


Latest Forex News

BBC : G20 agrees deficit cuts by 2013 . June 28th., 2010, 04:24 (GMT-5 )

Page last updated at 09:14 GMT, Monday, 28 June 2010 10:14 UK

World leaders in Toronto
Leaders at the G20 summit in Canada agree the richest members will halve their budget deficits within three years.

BP talks between US and Britain
Britain and the US have agreed that they want a 'strong and stable' BP, the oil company under intense pressure over the Gulf of Mexico oil leak.

Protest in Taiwan at China pact
Thousands protest in the Taiwanese capital about a trade deal with China, which they fear will lead to a Chinese takeover.

Have efforts to stamp out conflict diamonds worked?
What PayPal co-founder Max Levchin did next
What did sport teach PY Gerbeau about business? 



How Michael Jackson made $1bn after his death
Why China's currency has two names 
Why the rest of the world wants to be Canadian now