Finance, Forex and Investments

Central Bank News

BOE voted 7-2 for steady rates in July: minutes Wednesday, July 20, 2011 @ 4:05AMFRANKFURT (MarketWatch) -- The Bank of England's Monetary Policy Committee voted 7-2 to hold its key lending rate steady at a record low 0.5% on July 7, according to minutes of the meeting released Wednesday, marking no change to the voting pattern seen in June. MPC members Spencer Dale and Martin Weale both dissented in favor of a quarter-point rate hike, citing worries inflation pressures and ...
IMF: PH central bank may need to keep normalizing policy Wednesday, July 20, 2011 @ 4:05AMThe International Monetary Fund said on Wednesday the Philippine central bank may have to continue normalizing its policy stance after two rate increases totalling 50 basis points so far this year.
Bank of England Minutes Reveal Few Surprises; Sterling Outlook Murky Wednesday, July 20, 2011 @ 4:03AMThe Bank of England released its minutes from its July meeting this morning which showed that the governing council voted 7-2 to maintain its benchmark interest rate at 0.50% as most members of the MPC felt that the recent softening of data meant there was less need for tightening of monetary policy in the short-term.
US Intervenes to Block Egyptian Arrest of Boutros Ghali Wednesday, July 20, 2011 @ 4:00AMFollow Israel news on and . The United States has intervened in an attempt by Egypt to arrest its former Finance Minister, Youssef Boutros-Ghali.
SBP to announce monetary policy on July 30 Wednesday, July 20, 2011 @ 3:58AMISLAMABAD: The Pakistan central bank will announce its monetary policy on July 30 for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan said on Wednesday.
The Rumour Mill: Wednesday's football transfer news and gossip Wednesday, July 20, 2011 @ 3:58AMIn today's Rumour Mill: Rangers make formal approach for Miller; McCoist still in the dark over Cuellar; Celtic deny Stignen trial comments; plus the rest of the day's
Nigeria: Funding Agriculture Wednesday, July 20, 2011 @ 3:57AMThe governor of Central Bank of Nigeria(CBN),Sanusi Lamido Sanusi, spoke the mind of many Nigerians when, at a recent function, he expressed reservation over poor funding of the agricultural sector, pointing out that it was a major cause of the country's economic and social woes.
Nigeria: Muslims, Christians to Run Islamic Bank - Sanusi Wednesday, July 20, 2011 @ 3:56AMGovernor of Central Bank of Nigeria (CBN), Mallam Lamido Sanusi yesterday assured the Nigerians that the Bank is for all Nigerians, regardless of religious affiliation.
BHP coal output tops forecasts, full production months away Wednesday, July 20, 2011 @ 3:56AMSYDNEY (Reuters) - BHP Billiton, the world's biggest miner, reported a faster-than-expected recovery in production of steel-making coal from its flood-hit collieries in eastern Australia but warned ...
Frank to Defend Dodd-Frank, Swap-Rule Delay, Basel: Compliance Tuesday, July 19, 2011 @ 11:44PMU.S. Representative Barney Frank will make the short walk across Capitol Hill this week to defend the financial-regulation law that bears his name.
Euro up against dollar on hopes for EU summit Tuesday, July 19, 2011 @ 11:43PMTOKYO : The euro firmed against the dollar in Asia on Wednesday supported by hopes that eurozone is moving closer to resolving the debt crisis. The euro picked up to $1.4171 in Tokyo morning trade from $1.4150 in New York late Tuesday. The European common unit rose to 112.25 yen from 112.01 yen.
Metals Stocks: Gold futures give up $1,600/ounce level Tuesday, July 19, 2011 @ 11:42PMGold futures slip below the $1,600-a-troy ounce level during Asian trading hours as signs of progress on U.S. and European debt issues prompts selling after the metal’s steep recent climb.
UPDATE 3-BHP coal output tops forecasts, still recovering from floods Tuesday, July 19, 2011 @ 11:32PM* Coal output rises 19 pct on quarter, above forecasts * BHP sees flood impact on coal for rest of calendar 2011 * Iron ore production in line with forecasts * Shares rise 1.6 pct, in line with broader ...
T-Bones Secure Series Win with Late Rally Tuesday, July 19, 2011 @ 11:29PMKANSAS CITY, Kan. - The Amarillo Sox (29-34) erased an early deficit but the Kansas City T-Bones (29-34) rallied to secure a series victory with an 8-6 win in front of 6,029 fans on Tuesday night at CommunityAmerica Ballpark.
American Association Game Recaps Tuesday, July 19, 2011 @ 11:28PMIt wasn't quite the way they planned it for sure, but Winnipeg took a 3-2 win over Sioux City in 10 innings Tuesday night, a bases-loaded hit batsmen putting the Goldeyes on top to end the game.
Wang, Chiefs Walk off Winners in 12th Tuesday, July 19, 2011 @ 11:27PMBrian Bixler hit a sacrifice fly in the 12th inning to give the Syracuse Chiefs (41-53), the Triple-A affiliate of the Washington Nationals, a 4-3 walkoff win over the Buffalo Bisons (41-55) Tuesday at Alliance Bank Stadium.
Forex: Eyes on EUR/GBP, BoE Tuesday, July 19, 2011 @ 11:26PMForex: Eyes on EUR/GBP, BoE
Satyajit Das: Europe’s Debt Crisis Refuses to Die Tuesday, July 19, 2011 @ 11:25PMBy Satyajit Das, the author of Extreme Money: The Masters of the Universe and the Cult of Risk (forthcoming August 2011) and Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives – Revised Edition (2006 and 2010) overwhelm attempts to contain and solve the European sovereign debt crisis. Recent frantic efforts that secured release of Euro 12 billion to Greece avoided ...
Matthew Lynn's London Eye: Printing money is Europe’s only way out Tuesday, July 19, 2011 @ 11:23PMOne thing that can’t be underestimated is the political will of Europe’s leaders to keep the euro alive, which is why Europe will likely turn to massive printing of money to prevent a breakup, writes Matthew Lynn.
Healthy Difference: Cord blood bank holds grand opening Tuesday, July 19, 2011 @ 6:12PMThe Cord Blood Bank of Arkansas, housed at the University of Arkansas for Medical Sciences (UAMS), will celebrate its grand opening with an event featuring speakers impacted by its efforts, those who began and supported its efforts, and those who are pushing the program forward.
Jeff Salway: Loyal customers failed once more by banking industry Tuesday, July 19, 2011 @ 6:04PMTHE strength of the backlash against the planned abolition of cheques clearly took the banking industry by surprise. Could it be that the industry was out of touch with its ow
UPDATE 1-BHP Billiton coal output jumps; floods continue to impact Tuesday, July 19, 2011 @ 6:04PM(Adds detail) * June qtr coking coal production +19 pct q/q, -28 pct yr/yr * Sees flood impact for rest of calendar 2011 * June qtr iron ore production +7 pct q/q at 35.5 mln T SYDNEY, July 20 (Reuters) ...
Merkel: EU summit won't yield quick crisis fix Tuesday, July 19, 2011 @ 6:03PMGerman Chancellor Angela Merkel has dashed hopes that the upcoming European Union summit on Greece will yield a quick and comprehensive solution to deal with the debt crisis.
Strong loonie may upset BoC plans Tuesday, July 19, 2011 @ 6:00PMSome analysts worry that further appreciation against the U.S. dollar could trip up Canada’s still-fragile economy and perversely, dampen the central bank’s more aggressive plan to tighten monetary conditions
China, India, Japan, Malaysia, Taiwan: Asian Bonds and Currency Preview Tuesday, July 19, 2011 @ 5:58PMThe following events and economic reports may influence trading in Asia’s bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.
Central Parking worker guilty of stealing $1.9M Tuesday, July 19, 2011 @ 5:57PMA former treasury analyst for Central Parking Corp. has pleaded guilty to wire fraud related to her embezzlement of more than $1.9 million from the Nashville-based company.
KHFC closes Asia's third covered bond Tuesday, July 19, 2011 @ 5:50PMKorea Housing Finance Corp prices non-Japan Asia's third covered bond, with a book anchored by US and Asian investors.
Dollar Approaches Key Trendline Support as Improving Sentiment Weighs Tuesday, July 19, 2011 @ 5:48PMThe greenback was weaker at the close of North American trade with the Dow Jones FXCM Dollar Index ( Ticker: USDollar ) off 0.42% on the session.
IMF Says Greece Poses Region Contagion Risk Even Without Default Tuesday, July 19, 2011 @ 5:45PMGreece’s sovereign-debt crisis risks contaminating the rest of the euro region even if officials avert a default, the International Monetary Fund said.
Power, gas price rises expected to push up CPI Tuesday, July 19, 2011 @ 11:56AMKUALA LUMPUR: The recent increase in electricity and gas prices are expected to push up inflation further in Malaysia, reinforcing a policy dilemma for Bank Negara Malaysia (BNM).
Euro gains ahead of EU summit later this week Tuesday, July 19, 2011 @ 11:43AMNEW YORK : The euro strengthened on Tuesday as debt yields of some peripheral euro zone countries retreated ahead of an EU summit later this week on expectations a solution to Greece 's debt problem may be reached.
Licence for Islamic mega bank in Q3 Tuesday, July 19, 2011 @ 11:42AMJAKARTA: Malaysia will issue a licence for an Islamic mega bank in the third quarter of this year to help mobilise funds for businesses around the world, the country's central bank governor said. The country will also start a cross-border clearance platform for syariah-compliant bonds, or sukuk, around the same time, Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz said in an interview ...
On Assignment: Cord Blood Bank of Arkansas opening at UAMS Tuesday, July 19, 2011 @ 11:41AMThe Cord Blood Bank of Arkansas, housed at UAMS, will celebrate its grand opening Tuesday.
Eurozone summit won't fix Greek debt crisis quickly, Merkel says Tuesday, July 19, 2011 @ 11:40AMEurozone leaders will meet this week in Brussels to discuss the Greek debt crisis. German chancellor Angela Merket says the Eurozone meeting won't solve the crisis quickly.
IMF urges euro action as Merkel tempers summit expectations Tuesday, July 19, 2011 @ 11:38AMBRUSSELS: German Chancellor Angel Merkel talked down the chances Tuesday that a eurozone summit will deliver the silver bullet to resolve the debt crisis as the IMF pressed leaders to take urgent action.
Shares rebound but debt concerns likely to return Tuesday, July 19, 2011 @ 11:35AMGlobal shares recouped losses Tuesday as investors bought up beaten-down stocks, but with Europe's debt crisis still brewing and the U.S. yet to sanction an increase in its debt ceiling, investors remain wary of pushing the gains too far.
FOREX-Euro rallies ahead of EU summit later this week Tuesday, July 19, 2011 @ 11:33AM* Euro rises broadly ahead of EU summit * Sovereign demand boosts euro, periphery yields slide * U.S. housing starts briefly help dollar recover vs yen (Updates prices) NEW YORK, July 19 (Reuters) - The ...
SE Asia Stocks: Banks, foreign buying push Bangkok to 5-wk high Tuesday, July 19, 2011 @ 6:52AMCOLOMBO, July 19 – Expectations of strong bank results and foreign buying drove Thailand’s stock market up in high volume, but other markets in Southeast Asia were mixed today as investors worried about sovereign debt problems in the United States and Europe. Bangkok enjoyed a net foreign inflow of US$96.7 million, the highest since July 5, ...
SE Asia Stocks: Banks, foreign buying push Bangkok to 5-wk high Tuesday, July 19, 2011 @ 6:52AMCOLOMBO, July 19 – Expectations of strong bank results and foreign buying drove Thailand’s stock market up in high volume, but other markets in Southeast Asia were mixed today as investors worried about sovereign debt problems in the United States and Europe. Bangkok enjoyed a net foreign inflow of US$96.7 million, the highest since July 5, ...
SE Asia Stocks: Banks, foreign buying push Bangkok to 5-wk high Tuesday, July 19, 2011 @ 6:52AMCOLOMBO, July 19 – Expectations of strong bank results and foreign buying drove Thailand’s stock market up in high volume, but other markets in Southeast Asia were mixed today as investors worried about sovereign debt problems in the United States and Europe. Bangkok enjoyed a net foreign inflow of US$96.7 million, the highest since July 5, ...
FOREX-Euro gains but downside risks loom ahead of summit Tuesday, July 19, 2011 @ 6:48AM* Euro rises broadly, gains 1 pct on day vs Swiss franc * Sovereign demand boosts euro, periphery yields slide * Options market suggests further event risk from EZ summit LONDON, July 19 (Reuters) - The ...
FOREX-Euro gains but downside risks loom ahead of summit Tuesday, July 19, 2011 @ 6:48AM* Euro rises broadly, gains 1 pct on day vs Swiss franc * Sovereign demand boosts euro, periphery yields slide * Options market suggests further event risk from EZ summit LONDON, July 19 (Reuters) - The ...
FOREX-Euro gains but downside risks loom ahead of summit Tuesday, July 19, 2011 @ 6:48AM* Euro rises broadly, gains 1 pct on day vs Swiss franc * Sovereign demand boosts euro, periphery yields slide * Options market suggests further event risk from EZ summit LONDON, July 19 (Reuters) - The ...
Sentiment Shows Pickup into North America But Lacking in Substance Tuesday, July 19, 2011 @ 6:48AMAlthough there is nothing tremendous in terms of substance in Tuesday trade thus far, it seems as though market participants have been inclined to buy back into the Euro and other risk correlated currencies on expectations that a positive result will come out of this week’s emergency EU meeting.
Sentiment Shows Pickup into North America But Lacking in Substance Tuesday, July 19, 2011 @ 6:48AMAlthough there is nothing tremendous in terms of substance in Tuesday trade thus far, it seems as though market participants have been inclined to buy back into the Euro and other risk correlated currencies on expectations that a positive result will come out of this week’s emergency EU meeting.
Sentiment Shows Pickup into North America But Lacking in Substance Tuesday, July 19, 2011 @ 6:48AMAlthough there is nothing tremendous in terms of substance in Tuesday trade thus far, it seems as though market participants have been inclined to buy back into the Euro and other risk correlated currencies on expectations that a positive result will come out of this week’s emergency EU meeting.
UAE June's car rentals up 15%: Hertz Tuesday, July 19, 2011 @ 6:45AMUAE June's car rentals up 15%: Hertz
UAE June's car rentals up 15%: Hertz Tuesday, July 19, 2011 @ 6:45AMUAE June's car rentals up 15%: Hertz
UAE June's car rentals up 15%: Hertz Tuesday, July 19, 2011 @ 6:45AMUAE June's car rentals up 15%: Hertz
Diamond Bank Plc - Diamond Bank divests from ADIC Insurance Tuesday, July 19, 2011 @ 6:45AMDiamond Bank Plc - Diamond Bank divests from ADIC Insurance