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Jan 26, 2011

Rates for mainland bank loans soar | Financial And Forex Info News | The Standard | Finance

FINANCIAL & FOREX INFO NEWS


 

Wage rises for Hang Lung staff despite profit plunge
Both Hang Lung Group (0010) and Hang Lung Properties (0101) reported an 81 percent plunge in net profit for the six months ended December 31 from a year earlier, as both did not sell any property during the period.



27/ 01/ 2011
Tencent to link up with Japan gaming firm
Rates for mainland bank loans soar
New blow as Toyota recalls 1.7m vehicles globally
Follow the flag of increasing assets
Kazakh miner hopes to scoop US$600 from flotation
High local property prices not REIT for expansion
Wage rises for Hang Lung staff despite profit plunge
Region hostage to mainland policy
26/ 01/ 2011
Buying opportunity comes closer when power trips take their toll
Obama set to map revival plan as data stays mixed
Lingering concerns fail to dampen yuan bond issues
Beijing seen winner in anti-inflation fight
Britain stands firm on deep spending cuts despite GDP shock
Commodities giant Glencore prepares for mega US$8b offer
Profit-tax cut urged to lure investors
Cash-hit banks fork out record rates for funds
Lower than forecast export growth flags downturn for 2011
Traveling Gulliver keeps HK office
 

FORA.tv Series: WikiLeaks: Security Threat or Media Savior? WikiLeaks: Why It Matters. Why It Doesn't? Churchill Club.

Netflix Profit, Outlook Impress Investors; Shares Leap | CNBC : Latest Sories & Videos | CNBC Evening Brief



LATEST STORIES


»click here to see the latest top stories from CNBC.com

Live from Davos
CNBC 360 Closing Bell Tomorrow 3:00PM ET
CNBC brings you the biggest names live from Davos. President Bill Clinton, Cisco’s John Chambers, Pepsico’s Indra Nooyi, World Bank President Robert Zoellick and more! Tomorrow on Closing Bell beginning 3:00PM ET.
»more info


LATEST VIDEO

  • Fed Decision
    CNBC's Eamon Javers reports today's rate decision by the Fed, followed by analysis from Bill Gross, Pimco; Ken Volpert, Vanguard Funds portfolio manager; and CNBC's Rick Santelli, Bob Pisani, Erin Burnett & Steve Liesman.
    » Watch Video











     
  • Trichet in Davos
    European Central Bank President Jean-Claude Trichet tells CNBC's Maria Bartiromo that while Europe is not declaring victory yet, it is recovering.
    » Watch Video










     
  • Unions and Your Money
    Richard Trumka, president of the AFL-CIO, responds to Obama's State of the Union address and tells CNBC why unions are important to your money.
    » Watch Video










     
  • Energy Panel at Davos
    Energy is among the hot topics at the annual Davos meeting, with James Rogers, Duke Energy chairman, president & CEO, and Marco Dunand, Mercuria Energy Group president & CEO.
    » Watch Video










     
  • Hong Kong Property Market in Bubble Territory
    Hong Kong's real estate market has moved into a bubble stage, says Andrew Lawrence, director, regional property sector at Barclays Capital. He tells CNBC's Oriel Morrison and Bernard Lo that property prices are 30% overvalued against long-term averages.
    » Watch Video











     
»click here to see the latest top video from CNBC.com

E-Trade reports quaterly net loss | MarketWatch - Industry Internet

MarketWatch
INDUSTRY: INTERNET
 
E-Trade reports quarterly net loss
 
By Alistair Barr MarketWatch


Online brokerage boosts loan-loss provisions by $42 million. See full story

CFTC Sues 14 Foreign Currency Firms in Nationwide Sweep |




CFTC Sues 14 Foreign Currency Firms in Nationwide Sweep
 
Wed, 26 Jan 2011 14:15:00 -0600
The CFTC simultaneously filed 13 enforcement actions in Federal District Courts in Chicago, the District of Columbia, Kansas City and New York, alleging that 14 entities are illegally soliciting members of the public to engage in foreign currency (forex) transactions and that they are operating without being registered with the CFTC.

Where U.S. health-reform fight will go next | °MarketWtach Personal Finance Daily

MarketWatch

Personal Finance Daily
JANUARY 26, 2011

Wednesday's Personal Finance Stories

By MarketWatch




Don't miss these top stories:

Will the health-care reform law rein in out-of-control health-care costs?

That's the huge question for our economy — right now, health care represents about one-sixth of our economy — and for every U.S. worker, since health-care cost inflation is a factor in the fact that wages, for many workers, are essentially flat over the past decade.

This week, about 270 economists signed a letter to leaders of the House's budget committee, opposing repeal and noting that the new law "contains essentially every cost-containment provision policy analysts have considered effective in reducing the rate of medical spending." (See the letter on Politico.com.) (Or, see U.S. PIRG's report on the cost of repeal.)

Then again, 200 economists signed a letter earlier this month in support of full repeal. They said the law "contains expensive mandates and penalties that create major barriers to stronger job growth." (See that letter on Politico.com.) (See earlier MarketWatch blog on health-care brawl.)

It's enough to give you whiplash. For clarity on what's coming next, don't miss Kristen Gerencher's Vital Signs column today for more on where Republicans are likely to take their health-care fight next, since full repeal at this time seems highly unlikely.

Also, don't miss Ruth Mantell's look at why, if you're hankering for a job promotion, you should start making plans now to present your case to your boss.

Andrea Coombes , Personal Finance editor

HEALTH CARE

Where the health-reform fight will go next

Health reform is the law of the land since President Obama signed the overhaul bill last March. But if Republicans get their way it could be subjected to death by a thousand cuts — funding cuts, that is.
Read more: Where the health-reform fight will go next.


Tips to find a health-care job

The health-care sector is hailed as an engine of long-term job growth. But don't tell that to the new nurses and other health workers facing a tough job market now. MarketWatch's Kristen Gerencher has tips for improving your odds of landing an offer.
Watch video: Tips to find a health-care job.


CAREERS

Take steps now to get promoted at work

Some months are better than others for promotions, according to data released Wednesday by professional networking site LinkedIn. Here are tips to increase your chances of moving up the ladder.
Read more: Take steps now to get promoted at work.


Flexible workplace policies: what's next?

Companies that offer flexible work schedules and other perks often see gains in worker productivity, says Cecilia Rouse, a member of President Obama's Council of Economic Advisers. She talks with Ruth Mantell about plans to ramp up such policies.
Watch video: Flexible workplace policies: what's next?


TAXES

The IRS has an app for that

With the deadline coming up, the IRS is giving taxpayers easy access to core services with their smart phone application "IRS To Go."
Watch video: The IRS has an app for that.


REAL ESTATE

U.S. new-home sales reach 329,000 rate in December

Sales of new single-family homes register an increase in December to an annual rate of 329,000, the highest since April when a federal tax credit gave the market a temporary boost.
Read more: U.S. new-home sales reach


Why your best investment is a house

Recent news in the housing segment, sees some very interesting trends developing.
Read more: Why your best investment is a house.


INVESTING

Bondholders left in the dark

Investors and regulators are growing increasingly concerned about the quality and timeliness of information that state and local governments are disclosing about their finances.
Read more: Bondholders left in the dark.


TRAVEL

Airlines consider capacity cuts as fuel costs soar

With the average price of jet fuel up nearly 30% year over year, airlines say they're keeping all cost-cutting options on the table, including reductions in seat capacity.
Read more: Airlines consider capacity cuts as fuel costs soar.


ECONOMY & POLITICS

Fed's glass is still half-empty

Nothing much has changed since December, as far as the Federal Reserve goes. The Federal Open Market Committee isn't impressed with the economy's growth so far. Nor is it worried too much about inflation.
Read more: Fed's glass is still half-empty.


Unanimous Fed holds policy steady

The Federal Reserve said Wednesday that its monetary-policy-setting Federal Open Market Committee voted to again hold its key interest rate at a record low 0%-to-0.25% range and continue on course with its $600 billion Treasury-buying program.
Read more: Unanimous Fed holds policy steady.


Fed wording on inflation may be key

Financial markets will be closely examining how the Fed describes the outlook for inflation and growth in its policy statement. Any sign the Fed is more optimistic about growth or worried about inflation will push forward expectations of the first Fed tightening.
Read more: Fed wording on inflation may be key.


U.S. deficit to hit $1.5 trillion in 2011: CBO

The U.S. budget deficit will hit a new record in 2011, the Congressional Budget Office estimated Wednesday, in a new report that will add to raging debates about government spending.
Read more: U.S. deficit to hit $1.5 trillion in 2011: CBO.


Why you can't trust the inflation numbers

A surprising number of people on Wall Street will tell you not to worry too much about inflation.
Read more: Why you can't trust the inflation numbers.


Food inflation inspires déjà vu at Davos

Rapidly rising food and commodity prices are injecting an unwelcome sense of deja vu into this year's annual gathering of business and government leaders in Davos, stoking concerns about the potential impact on a fragile global recovery.
Read more: Food inflation inspires déjà vu at Davos.


Obama hits road to sell spending plans

President Barack Obama is hitting the road a day after his State of the Union speech to sell his ideas about investing in energy.
Read more: Obama hits road to sell spending plans.


Obama challenges U.S. to begin new era

President Barack Obama uses his State of the Union address to call for working together on job creation, and for a five-year freeze on nonsecurity, discretionary spending as part of a plan to reduce the U.S. budget deficit.
Read more: Obama challenges U.S, to begin new era.


Commentary: Next to Republicans, Obama is presidential

In his State of the Union address, President Obama seems presidential telling us his vision of better days to come, while Republicans come off as merely political in response.
Read more: Next to Republicans, Obama is presidential.


Commentary: Obama calls deficit hawks' bluff

The president, in a skillful State of the Union speech, aggressively promoted his own agenda while disarming Republican opposition and calling the bluff of deficit hawks.
Read more: Obama calls deficit hawks' bluff.


Commentary: Update on presidential election cycle

Third years of presidential terms have historically been very good for the stock market. And this has certainly been the case in the current third year, which — when defined in fiscal year terms from 9/30 to 9/30, is already one-third over. What can we expect for the next eight months?
Read more: Update on presidential election cycle.


INTERNATIONAL

Russia investment climate improving: Medvedev

Russia is working to strengthen the rule of law and enhance its investment climate, Russian President Dmitry Medvedev told the World Economic Forum's annual meeting Wednesday.
Read more: Russia investment climate improving: Medvedev.


EU debt still threat to world growth: Roubini

The euro zone's ongoing sovereign debt woes remain one of the biggest threats to the world economy, while overall risks appear balanced.
Read more: EU debt still threat to world growth: Roubini.

Gold jumps as Fed extends bond-buying | Financial & Forex Info News| The Australian Business Briefing

FINANCIAL & FOREX INFO NEWS





for Thu Jan 27 08:54:20 EST 2011

Wall Street rises, Dow finds old form
Wall Street, US stocks Jonathan Cheng THE Dow industrials vaulted over 12,000 for the first time in nearly three years but closed just short of the milestone in the US today.
 
NSW power sale in disarray
Kristina Keneally NSW Premier Kristina Keneally has refused to guarantee that the state's planned second round of power sales will go through before the March election.
 
New twist in Renault's spy saga
aus bus pix Renault spy Adam Sage THE Renault spying saga has taken a new turn with the car maker accusing France's intelligence agency of sabotaging its reputation.
 
Gas row upsets Burrup sale
Pluto plant Burrup Peninsula Tracy Lee THE recovery of up to $800 million owed by Burrup Fertilisers to ANZ Bank is caught in a dispute over a gas contract tied to the ammonia plant.
 
China privatisation machine into reverse
steel China Michael Sainsbury CHINA's biggest steelmaker just got even bigger.
 
Copper lifts as recovery gathers pace
Copper Matt Whittaker COPPER futures rose today after data showed new-home sales in the US jumped more than expected in December.
 
Gold jumps as Fed extends bond-buying
gold miner Matt Whittaker GOLD futures got a slight bump after the US Federal Reserve said it will continue its $US600 billion ($602bn) Treasury-buying program.
 
Oil breaks losing run on refinery cut
The Hub - oil refinery Jerry A. DiColo CRUDE oil futures rebounded to settle higher after six straight losing sessions today, amid a rise in prices for heating oil and gasoline.
 
Financial Markets
Wall Street rises, Dow finds old form
Wall Street, US stocks Jonathan Cheng THE Dow industrials vaulted over 12,000 for the first time in nearly three years but closed just short of the milestone in the US today.
 
Gold jumps as Fed extends bond-buying
Oil breaks losing run on refinery cut
 
Financial Markets Coverage
 
Mining & Energy
NSW power sale in disarray
Kristina Keneally NSW Premier Kristina Keneally has refused to guarantee that the state's planned second round of power sales will go through before the March election.
 
Gold jumps as Fed extends bond-buying
Oil breaks losing run on refinery cut
 
More Mining & Energy Coverage

Stocks See Solid Gains After Fed Stands Pat - U.S. Commentary . | RTTNews Evening Market Wrap.

Evening Market Wrap Wed Jan 26  2011

Commentary

Jan 26, 2011 Stocks See Solid Gains After Fed Stands Pat - U.S. Commentary Stocks were able to close with moderate gains on Wednesday after the Federal Reserve made no changes to its monetary policy or its quantitative easing program. Initial upside came as the markets looked to a better than expected December new home sales number. Full Article

Economic News

Jan 26, 2011 Fed Maintains Bond Purchase Plan, Downplays InflationThe Federal Reserve on Wednesday acknowledged signs of improvement in the U.S. economy, but maintained its $600 billion asset purchase plan and kept its benchmark interest rate near zero in support of the fragile recovery. The economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions, the Fed said in announcing its unanimous decision on monetary policy. Full Article
Jan 26, 2011 U.S. New Home Sales Rise 17.5% Amid Jump In Western Sales With new home sales in the Western region of the U.S. showing a substantial increase in December, the Commerce Department released a report on Wednesday showing a much bigger than expected increase in total new home sales for the month. The report showed that new home sales jumped by 17.5 percent to an annual rate of 329,000 in December from the revised November rate of 280,000. Economists had expected new home sales to edge up to 300,000. Full Article

Corporate News

Jan 26, 2011 ConocoPhillips Profit Rises On Higher Commodity PricesIntegrated energy company ConocoPhillips (COP) Wednesday reported a rise in fourth-quarter profit helped by higher commodity prices and improved global refining margins. Revenue rose about 22 percent from last year. The company's fourth-quarter earnings increased to $2.04 billion or $1.39 per share from $1.29 billion or $0.86 per share reported last year. Full Article
Jan 26, 2011 Abbott Laboratories Profit DeclinesDiversified healthcare company Abbott Laboratories (ABT) reported Wednesday a 6 percent year-over-year decline in profit for the fourth quarter, hurt largely by charges related to Solvay Pharmaceuticals and Piramal Healthcare acquisitions. The results also reflected higher operating costs, mainly for research and development. However, ongoing earnings per share for the quarter grew 10% and topped analysts' expectations by a penny. The company also provided strong ongoing earnings forecast for the full-year 2011. Full Article
Jan 26, 2011 General Dynamics Profit IncreasesDefense contractor General Dynamics Corp. (GD) Wednesday reported an increase in fourth-quarter profit, helped by an 8.9 percent growth in sales and improved margins. Sales increased across all of the company's segments. For the fourth quarter, the Falls Church, Virginia-based company's net earnings increased to $729 million or $1.91 per share from $614 million or $1.57 per share in the previous year. Full Article
Jan 26, 2011 Boeing Profit Falls On Lower Deliveries; Issues ForecastAirplane maker Boeing Co. (BA) reported Wednesday a decline in profit for the fourth quarter, despite a significant tax gain, as revenues were dragged down by lower airplane deliveries. The company also issued fiscal 2011 earnings and revenue forecast. Fourth-quarter net income dropped 8 percent to $1.16 billion from $1.27 billion last year. On a per share basis, earnings fell 11 percent to $1.56 from prior year's $1.75. Full Article
Jan 26, 2011 Xerox Profit Declines; CFO Zimmerman To RetirePrinter and copier company Xerox Corp. (XRX) reported Wednesday a decline in profit for the fourth quarter, as significant charges more than offset a 42% revenue growth. Adjusted earnings per share for the quarter rose 11 percent, and topped analysts' expectations by a penny, while revenues came in line. The company also provided earnings forecast for the first quarter, in line with consensus, and backed its earnings forecast the full-year 2011. Full Article
Jan 26, 2011 United Technologies Q4 Profit Rises, Tops View - UpdateDiversified conglomerate United Technologies Corp. (UTX) on Wednesday reported a 12 percent increase in profit for the fourth quarter on higher revenues. Earnings per share for the quarter topped analysts' expectations. Looking ahead to fiscal year 2011, the company affirmed its earnings per share and revenue guidance. The Hartford, Connecticut-based parent company of jet engine manufacturer Pratt & Whitney, Otis elevator, and Sikorsky aircraft reported net income for the fourth quarter of $1.20 billion or $1.31 per share, up from $1.07 billion or $1.15 per share in the prior-year quarter. Full Article

Political News

Jan 26, 2011 Republicans Senators Introduce Balanced Budget AmendmentA group of Republican Senators led by Sens. Orrin Hatch, R- Utah, and John Cornyn, R-Texas, introduced a Constitutional amendment Wednesday that would require the federal government to have a balanced budget. In addition to requiring balanced budgets, the amendment would cap federal spending at 20 percent of GDP and prohibit tax increases unless approved by two-thirds of the House and Senate. Full Article
Jan 26, 2011 Americans Want Deficit Reduction But Oppose Cutting Specific ProgramsWhile Americans largely agree that the record federal budget deficit is a serious problem that needs to be addressed, the results of a USA Today/Gallup poll released on Wednesday showed that most are opposed to cutting spending on specific programs. Full Article
Jan 26, 2011 CBO Predicts Budget Deficit Will Reach $1.5 Trillion In 2011In a move that is likely to add to recent demands to address rampant government spending, the Congressional Budget Office released a report on Wednesday forecasting a record $1.5 trillion federal budget deficit in fiscal 2011. The $1.5 trillion deficit predicted by the CBO is above the previous record deficit of $1.4 trillion in 2009 and is up from $1.3 trillion in 2010. Full Article

NYT: Afternoon Business news.- End of an Era of Bankers' Contrition.



BUSINESS
DealBook

End of an Era of Bankers' Contrition

By JACK EWING
At the World Economic Forum, top bankers were taking more assertive positions against new regulations.

Dow Touches 12,000 for First Time Since 2008

By CHRISTINE HAUSER
Some investors found reasons to be optimistic in Mr. Obama's proposal to cut corporate taxes and increase spending for education, innovation and infrastructure.
DealBook

Former Galleon Trader Pleads Guilty to Insider Trading

By AZAM AHMED
A former Galleon trader, Adam Smith, admitted to using insider information and then destroying evidence following the Galleon founder's arrest in late 2009.
Small Business Guide

How to Choose a Small-Business Incubator

By DARREN DAHL
A guide specifies the four most common types of incubator and offers tips on identifying which may be best for you.

Beijing Intensifies Effort to Curb Rising Home Prices

By DAVID BARBOZA
China's cabinet ordered cities to tighten the management of land supplies, raise tax rates on the sale of apartments or houses held for less than five years and set price controls for new homes.

Abbott to oppose Gillard's "mateship" tax | Financial & Forex Info News | The Australian Capital Circle |

FINANCIAL & FOREX INFO NEWS


Capital Circle Newsletter


Abbott to oppose Gillard's "mateship" tax

As flood-hit Australians begin to recover and rebuild, a political fight is now underway.

The PM's day, per the press office: Julia Gillard and her cabinet will meet this morning to sign off on the flood levy and spending cuts. Ms Gillard will announce the details of her plan at the National Press Club.
Finance Minister Penny Wong told ABC Radio AM this morning the government was sticking to its timeline to return to surplus and that floods demanded an extraordinary response from government.
Tony Abbott is in Sydney and will respond to Ms Gillard's announcement later today. He will oppose the levy.
More fun than herding cats: Press club chief executive Maurice Reilly in an email sent to journalists on Tuesday, "We would also ask that journalists ... ask one (1) question only in fairness to other journalists.'' Capital Circle wonders who will be first to break this rule.
Who is Andrew Bolt? Look out for the profile piece on the Herald-Sun in the IPA Review, on news stands on Monday. Bolt says he doesn't know what his parents political leanings were, though the family cat was named Dame Pattie Menzies. The controversial columnist also discusses about his two stints working for the ALP, his time in Holland and his time working as a freelancer in India. Bolt also thanks Crikey publisher Eric Beecher and even reprints a poem written by his 13 year-old self.
Spotted: Higher Education Minister Chris Evans on holiday in Bali.
Tweet of the day: @Tagalongtess - "I love people who go to the emergency room when it's not an emergency, then complain about waiting times.''
***Sign up to Capital Circle -- your morning shot of news and views***
The flood levy is driving the day - Steve Lewis reports: JULIA Gillard today will unveil up to $10 billion in spending cuts and a risky flood tax - setting up the year's first big political showdown. Senior ministers this morning will endorse a major floods-rescue package, with Cabinet's razor gang agreeing to bring forwar
Read more...

Michele Bachmann's alternate universe | The Washington Post Afternoon Edition : Most Read Articles

Washington Post

1) Michele Bachmann's alternate universe

The president was lofty. "We will move forward together, or not at all - for the challenges we face are bigger than party, and bigger than politics," he said in his State of the Union address .

2) Loughner researched lethal injection before Tucson shooting, sources say

TUCSON -- In the weeks and days before the shooting rampage in Tucson, suspect Jared Lee Loughner surfed the Internet on his computer in what investigators believe was an effort to prepare for his alleged assassination attempt, law enforcement sources familiar with the investigation said.

3) NWS warns of 'dangerous travel conditions during rush hour' feds may leave two hours early

From the National Weather Service in a Special Weather Statement:

4) CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever

The weak economy and fresh tax cuts approved last month will help drive the federal budget deficit to nearly $1.5 trillion this year, the biggest budget gap in history and one of the largest as a share of the economy since World War II, congressional budget analysts said Wednesday.

5) Editorial: A disappointing State of the Union address

PRESIDENT OBAMA entered office promising to be a different kind of politician - one who would speak honestly with the American people about the hard choices they face and would help make those hard calls. Tuesday night's State of the Union Address would have been the moment to make good on that...

6) State of the Union 2011: 'Win the future,' Obama says

President Obama sought to rouse the nation from complacency in his State of the Union address Tuesday, urging innovation and budget reforms that he said are vital to keep the United States a leader in an increasingly competitive world.

7) Analysis: President, GOP lawmakers agree on austerity, but will it create jobs?

After two years of federal spending to boost the economy, the ground has shifted decisively in Washington: On Tuesday night, the most pressing question was not whether to spend more to create jobs but whether to cut spending, deeply and now.

8) Wal-Mart will not build at Va. battlefield

Wal-Mart Stores Inc. is dropping plans to build a store near the Wilderness Battlefield in northern Virginia.

9) Faster Forward: $20 a month for Verizon iPhone hotspot

Those who want to use their iPhone as a hotspot will have to pay $20 a month, according to Verizon.

10) Carolyn Hax: Stoner live-in girlfriend and a distraught mom

Hi, Carolyn: My brother, 23, is a college grad living at home with my parents. He works the night shift at a mental health facility - a job he finds unfulfilling, though he has made no motions to improve his situation (he has even turned down a promotion opportunity). He has said he wants to move...

U.S. stocks end higher but Dow skirts 12,000 mark | MarketWatch |- Market Pulse


By Laura Mandaro

SAN FRANCISCO (MarketWatch) -- U.S. stocks closed mildly higher Wednesday, after a report of strong new-home sales offset some disappointing earnings reports from bellwethers such as Boeing Co. /quotes/comstock/13*!ba/quotes/nls/ba (BA 70.02, +0.00, +0.00%) . The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 11,986, +8.32, +0.07%) was up 8.25 points, or 0.1%, at 11,985.44 by the close of U.S. stock-market trading, after crossing the 12,000 mark earlier in the day. The S&P 500 /quotes/comstock/21z!i1:in\x (SPX 1,297, +5.45, +0.42%) added 5.45 points, or 0.4%, to 1,296.63. The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,740, +20.25, +0.75%) rose 20.25 points, or 0.7%, to 2,739.5.

Unanimous Fed holds policy steadyFed says inflation still trendingdown despite commodity prices | MarketWatch - The FED


By Greg Robb, MarketWatch 

WASHINGTON (MarketWatch) — The Federal Reserve said Wednesday that its policy-setting Federal Open Market Committee voted to again hold its key interest rate at a record low 0%-to-0.25% range and continue on course with its $600 billion Treasury-buying program.

To read full article click:

http://www.marketwatch.com/story/unanimous-fed-holds-policy-steady-2011-01-26?siteid=bnbh 

John Embry: Gold correction will produce lowest price for a year | GATA - THE GATA DISPATCH

John Embry: 'Manufactured' gold correction will produce lowest price for year

5:25p GMT Wednesday, January 25, 2011
Dear Friend of GATA and Gold (and Silver):
Sprott Asset Management's chief investment strategist, John Embry writes in the latest issue of Investor's Digest of Canada that the current "manufactured" correction in gold will give buyers their lowest prices for 2011. Embry's commentary is headlined "A Decade of Gaining 18% a Year -- Some 'Relic'" and you can find it at the Sprott Internet site here:
http://www.sprott.com/Docs/InvestorsDigest/2011/MPLID_012811_pg003Emb.pd...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

CBO: U.S. budget deficit estimated to reach $1.5 trillion in 2011, highest ever | Breaking News | The Washington Post


Breaking News Alert: Federal budget deficit estimated to hit almost $1.5 trillion January 26, 2011

The weak economy and fresh tax cuts approved last month will help drive the federal budget deficit to $1.5 trillion this year, the biggest budget gap in history and one of the largest as a share of the economy since World War II, congressional budget analysts said Wednesday.

http://link.email.washingtonpost.com/r/6041ZA/ZBO5RI/8WL8LT/L0SWJP/XXBIJ/CM/h

For more information, visit washingtonpost.com

Sales of new single family homes seasonaly adjusted anual rate Nov. Above Dec. year below

FINANCIAL AND FOREX INFO NEWS


Economics and Statistics Administration Logo
Sales of new single-family homes in December 2010 were 329,000 at a seasonally adjusted annual rate, 17.5% above the revised November level, but 7.6% below their year-ago level.