No immediate plan to import wheat: Pawar
January 18, 2008 | Leave a Comment
No immediate plan to import wheat: Pawar
New Delhi (PTI): The government has no immediate plans to import more wheat as buffer stock is satisfactory and production this season is expected to be near the targeted level, Agriculture and Food Minister Sharad Pawar said on Friday. ‘By and large we
Source: c.moreover.com
Weak US dollar impacts global perspective
January 18, 2008 | Leave a Comment
The US dollar has remained somewhat range bound against the Euro and Pound as of late. It currently (January 17) takes $1.4628 to by one Euro, still holding a couple pips under recent record highs. The dollar remains relatively strong against the Pound with $1.97 fetching one Pound. The dollar is currently ten pips stronger than its lows against the Pound.
Recovery in the Commercial Paper Markets?
January 17, 2008 | Leave a Comment
Over the past few years I have been watching Commercial Paper (CP) with interest. It’s the lifeblood of the credit markets and responsible for the ability to create the financial innovations in derivatives.The issue of various types of CP, i.e short term lending, allowed the channelling of funds into SIVs and Conduits to purchase longer term assets whilst rolling over the CP. Read more
European stocks lower on growth fears (FT.com)
January 17, 2008 | Leave a Comment
European stocks lower on growth fears (FT.com)
FT.com - European equity markets closed off session lows on Wednesday, but small gains in the US during morning trade were not enough to take them higher.
Source: news.yahoo.com
Commodities see explosive growth
January 17, 2008 | Leave a Comment
ETF Securities has experienced explosive growth as investors look for alternatives to the equity markets ETF Securities, which specialises in exchange traded funds tracking commodities, has seen total assets under management grow in the past 5 weeks by Read More…
NEW YORK - Energy futures dropped below US$90 a barrel Wednesday after the U.S. government said crude oil supplies jumped unexpectedly last week. In its weekly inventory report, the Energy Department’s Energy Information Administration said crude oil Read More…
Gold flies high above $900
January 16, 2008 | Leave a Comment
Gold prices soared this week to new record highs against the dollar at an amazing $914 before falling back to current levels just above $900. The strong surge in the last week left the previous record against the dollar in its wake. The new mark established a new high since gold first floated against the dollar in 1971. Read more
Decoupling?
January 15, 2008 | Leave a Comment
The buzz words keep changing, from 2005 to mid 2007, the word was Goldilocks, or how everything in the financial world was perfect and even if the economy slowed, the landing would be gentle. So gentle that the feather filled pillows of interest rate cuts would be hardly used to cushion the slight brush with a slowdown. Read more
Mortgage refinancing a viable option for many US home owners
January 11, 2008 | Leave a Comment
With Bankrate.com showing average 30-year fixed mortgage rates at 5.53% in their weekly survey for today (January 10), there has never been a better time for many Americans to refinance their mortgages. Even home owners that have purchased at the high end of rates in the last few years with rates steadily hovering between 5.75-6.5% are looking at their options to get into these record low rates. Read more
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- Auto industry takes center stage
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