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Uncategorized - September 20, 2007 12:00
Dollar plunges through $1.40 against euro
Dollar plunges through $1.40 against euroThe dollar dropped to record to record lows through the $1.40 level against the euro on Thursday as the US currency continued its slide following the Federal Reserve’s decision to cut interest rates earlier in the week. Source: www.ft.com
Holiday sales seen slowest pace in 5 yrs
NEW YORK (Reuters) – Holiday sales are expected to rise at their slowest pace in five years as the weak housing market and a credit crunch temper consumer spending, the National Retail Federation said on Thursday. Read More… BEIJING/WASHINGTON (Reuters) – A more flexible yuan would not hold back China’s growth or cause deflation but […]
Wall St seen opening down; eyes on banks, Bernanke (Reuters)
Reuters – Benchmark stock indexes looked likely to open lower on Thursday, index futures showed, and analysts said earnings from two top banks and remarks by Fed Chairman Ben Bernanke would be in focus. Read More…
Natural rubber rallies on hike in crude oil
The hike in crude oil price reverberated on the natural rubber market as the spot price of the benchmark grade RSS-4 today touched Rs 90 per kg after a gap of six weeks. The buoyancy in the market is mainly because of the hike in the price of crude oil Read More…
London’s rally fizzles out
London’s rally fizzles outNothern Rock slumped for a second day on persistent rumours that the bank would be bought at a price of around 200p a shareSource: www.ft.com
Sony delays PS3 “Home”, but no talk of price cuts
CHIBA, Japan (Reuters) – Sony Corp said on Thursday it would postpone the launch of the “Home” virtual community service for its PlayStation 3 game console to early next year, the latest setback in its videogame battle with Microsoft Corp and Nintendo Co Ltd. Read More… STOCKHOLM (Reuters) – Nasdaq and state-run Borse Dubai unveiled […]
Stocks end higher amid rate cut momentum (AP)
Stocks end higher amid rate cut momentum (AP) AP – Wall Street built on its gains Wednesday as investors bet that the cheaper money the Federal Reserve unleashed with its decision to cut interest rates will give a boost to corporate profits and the overall economy. Source: news.yahoo.com
Natural rubber rallies on hike in crude oil
Natural rubber rallies on hike in crude oil The hike in crude oil price reverberated on the natural rubber market as the spot price of the benchmark grade RSS-4 today touched Rs 90 per kg after a gap of six weeks. The buoyancy in the market is mainly because of the hike in the price […]
Greek exchange facing FTSE demotion threat
Greek exchange facing FTSE demotion threatThe Greek stock exchange faces being demoted to emerging markets status within the next 18 months by FTSE Group, the global index provider, because of the restrictions the exchange places on international investorsSource: www.ft.com
Yuan rise to spur domestic China growth: U.S. Treasury
BEIJING/WASHINGTON (Reuters) – A more flexible yuan would not hold back China’s growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday. Read More… DETROIT (Reuters) – Negotiations between General Motors Corp and its major union ran through a fifth day of overtime […]
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