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NZD
(01:20)NZ shares: Soft start to week for NZ sharemarket2008-05-11 19:10:36 - The sharemarket started the week looking soft, in the wake of record oil prices, falls in United States equities and a sliding New Zealand dollar. The market was led down by Fletcher Building, which shed 11c early to 818, while Contact Energy slipped 1c to 901. ...
Source: http://www.nzherald.co.nz...
(22:17)Economy going backwards2008-05-10 22:13:27 - 11 May 2008 There is a warning today that New Zealand's economy is going backwards. The Canterbury Manufacturers' Association says the manufacturing sector is being battered to death by inflation, and the high value of the New Zealand dollar. ...
Source: http://home.nzcity.co.nz...
CAD
(14:24)Hortons Apologizes, Re-hires Woman2008-05-11 06:06:17 - Hortons Apologizes, Re-hires Woman The Ledger, FL - 1 hour ago The Bank of Canada interest rate remains at 3 percent while the prime lending rate is 4.75 percent. Canadian stock markets are higher, with the Toronto ... ...
Source: http://www.theledger.com...
(15:27)Forestry demand will soar2008-05-11 05:03:26 - Forestry demand will soar TheChronicleHerald.ca, Canada - 7 minutes ago The catch is that those prices are in US dollars, and the strong Canadian dollar has eroded much of the increase, along with higher chip prices, ... ...
Source: http://thechronicleherald.ca...
Commentary
(13:16)Bernanke Takes The Reins2008-05-11 07:15:00 - It's Ben Bernanke's moment of truth. The Federal Reserve -- the economy's symbolic command center -- has truly passed to him. Yes, he replaced Alan Greenspan as Fed chairman in early 2006. But until now, Bernanke had faced no crisis and his policies had ...
Source: http://www.washingtonpost.com...
(17:57)The Bernanke Conundrum2008-05-11 02:34:00 - An Occasional Letter in association with Livecharts.co.uk With the US Federal Reserve cutting its Fed Fund Rate to 2%, presumably to aid the cost of borrowing and allow an expansion of lending that will lift the US economy from the doldrums you would ...
Source: http://c.moreover.com...
(13:13)Greenspan's Age of Tranquility2008-05-11 07:18:00 - Alan Greenspan has called his memoir ' The Age of Turbulence,' but a more accurate title might have been 'The Age of Tranquility.' During his long tenure as chairman of the Federal Reserve Board (from August 1987 to January 2006), the U.S. economy ...
Source: http://www.washingtonpost.com...
(04:56)Brown's Popularity Slump With U.K. Voters Deepens, Poll Shows2008-05-11 15:34:32 - May 11 (Bloomberg) -- Prime Minister Gordon Brown 's popularity with voters in the U.K. decreased after the ruling Labour party's rout in local elections, a PoliticsHome.com poll showed. ...
Source: http://www.bloomberg.com...
(03:14)Dollar Rally Runs Out of Gas2008-05-11 17:16:37 - Dollar Rally Runs Out of Gas Trading Markets (press release), CA - 18 minutes ago Euro - Trichet is Tough "The EURUSD continued its rebound from multi-week lows in the aftermath of yesterday's very tough, unapologetically hawkish press ... ...
Source: http://www.tradingmarkets.com...
(17:09)Focus on foreclosures; forget gas tax holiday2008-05-11 03:21:35 - The most important words in Federal Reserve Chairman Ben Bernanke's recent speech at Columbia University are these: "Thus, finding ways to avoid preventable foreclosures is a legitimate and important concern of public policy." ...
Source: http://www.heraldnet.com...
(13:49)Good economic news: A little bit of a mirage?2008-05-11 06:41:45 - Good economic news: A little bit of a mirage? Foster's Daily Democrat, NH - 4 hours ago Federal Reserve Chairman Ben Bernanke and his colleagues recently used the word "softened" to describe the labor situation. US productivity an important ... ...
Source: http://www.fosters.com...
(06:37)The global euro needs a stronger apparatus2008-05-11 13:53:10 - It happened to Fran ois Mitterrand in the run-up to the Maastricht Treaty on the European Union. It happened to Jacques Chirac a few years later and now it is happening to Nicolas Sarkozy. ...
Source: http://www.ft.com...
(16:58)Market Pulse - Leave a message for Ben ... or Alan2008-05-11 03:32:18 - Got some advice for Federal Reserve Chairman Ben Bernanke? Just call 202-452-3206. A friendly voice will tell you, "Hello, you have reached... ...
Source: http://seattletimes.nwsource.com...
Fundamental
(01:39)Interest rate 'must be cut'2008-05-11 18:51:43 - The Bank of England must act swiftly if Britain is to avoid permanent damage to the economy, the British Chambers of Commerce (BCC) has warned. ...
Source: http://www.telegraph.co.uk...
(07:16)Corn futures approach record on oil s rise, weather concerns2008-05-11 13:15:02 - NEW YORK 05/06/08 - Corn futures surged near a record high Tuesday after crude oil spiked above $122 a barrel and forecasts for more rain in the U.S. corn belt threatened to put farmers further behind in their planting schedule. ...
Source: http://www.agweekly.com...
(09:31)High interest rates seen to benefit gov't2008-05-11 10:59:20 - MANILA, Philippines--The government stands to gain P1.1 billion, on a net basis, for every one-percentage-point increase in interest rates. ...
Source: http://business.inquirer.net...
(01:01)Bank of England must cut interest rates by 0.5pc and keep cutting2008-05-11 19:29:49 - It may well have been a close run thing. Nevertheless it was no surprise that the Monetary Policy Committee (MPC) left interest rates unchanged last week. The interesting question, though, is where do we go ...
Source: http://www.telegraph.co.uk...
(15:49)Dollar Exchange Rate Keeps Improving2008-05-11 04:42:00 - the day that the dollar exchange rate to the Costa Rican colon dropped 4% overnight, the daily exchange rate has been keeping steady, with small up and down movements from day to day. However, on Wednesday night the Banco Nacional (BN) moved the ...
Source: http://www.insidecostarica.com...
(07:03)Primary Dealers To Seek Revision Of Interest Rates On Securities ...2008-05-11 13:27:11 - Primary Dealers To Seek Revision Of Interest Rates On Securities ... AHN - 1 hour ago Currently, the interest rate on 364-day treasury bill is hovering between 8.44 percent and 8.50 percent while banks offer 12 per cent for one-year term ... ...
Source: http://www.allheadlinenews.com...
(07:11)Advertisement starts2008-05-11 13:19:22 - the U.S. Federal Reserve which has cut interest rates seven times since September to 2 percent, the lowest since December 2004, to shore up the economy. ...
Source: http://www.tiscali.co.uk...
(07:08)Opportunity abounds for property developer2008-05-11 13:22:21 - Opportunity abounds for property developer The Nelson Mail, New Zealand - 1 hour ago "I pick interest rates will come down this year, even if that doesn't make much difference to the rate you pay on your mortgage it will boost the confidence ... ...
Source: http://www.stuff.co.nz...
(10:31)Dollar Is Falling Against Euro Rates In Late Trading2008-05-11 10:00:00 - After the European Central Bank (ECB) shows strong signs that they will keep interest rates higher than the bank in the United States, the dollar rates fell against most major currencies. After the European Central Bank (ECB) shows strong signs that ...
Source: http://www.transworldnews.com...
(02:11)Tough times for US retailers2008-05-11 18:19:35 - Tough times for US retailers Sydney Morning Herald, Australia - 1 hour ago Continuing price gains, as oil, corn and other commodity prices soar, may prompt the Fed to hold rates steady at its June 25 meeting, according to trading ... ...
Source: http://business.smh.com.au...
Economic Indicators
(01:39)Interest rate 'must be cut'2008-05-11 18:51:43 - The Bank of England must act swiftly if Britain is to avoid permanent damage to the economy, the British Chambers of Commerce (BCC) has warned. ...
Source: http://www.telegraph.co.uk...
(14:18)Inflation worries expected to prop up weak U.S. dollar2008-05-11 06:12:48 - Speeches this week by central bank governors from the United States, the euro zone and Japan will probably reinforce the view that authorities may finally wish to see a floor for the dollar. ...
Source: http://www.iht.com...
(06:21)EMERGING MARKETS WEEK-Inflation growing on investors' radar2008-05-11 14:09:11 - EMERGING MARKETS WEEK-Inflation growing on investors' radar Reuters India, India - 6 hours ago By Walter Brandimarte NEW YORK, May 11 (Reuters) - Emerging markets investors will likely walk on eggshells this week as spiraling commodity prices start ... ...
Source: http://in.reuters.com...
(15:09)RI`s Q1 GDP grows 6.2-6.4 pct: bappenas2008-05-11 05:21:42 - RI`s Q1 GDP grows 6.2-6.4 pct: bappenas Antara, Indonesia - 1 hour ago Jakarta, (ANTARA News) - Indonesia`s gross domestic product (GDP) is estimated to have grown by 6.2-6.4 percent in the first quarter of 2008, ... ...
Source: http://www.antara.co.id...
(15:05)Bank of Israel's Macroeconomic Forecast for 2008: GDP growth will de2008-05-11 05:26:00 - Gross domestic product is expected to grow in 2008 by 4.1 percent, and business product by 5 percent. The average rate of unemployment is expected to fall to 7.4 percent. The major factors behind the expected slowdown in the rate of growth are the ...
Source: http://www.bankisrael.gov.il...
(18:17)Inflation to cool down, lending rates to be stable: IEG2008-05-11 02:13:34 - Economic think-tank IEG has projected inflation easing to around 6.4 per cent within three months from 7.61 per cent at the moment, partly due to government's fiscal measures and expected good rabi crops. ...
Source: http://economictimes.indiatimes.com...
(15:49)Dollar Exchange Rate Keeps Improving2008-05-11 04:42:00 - the day that the dollar exchange rate to the Costa Rican colon dropped 4% overnight, the daily exchange rate has been keeping steady, with small up and down movements from day to day. However, on Wednesday night the Banco Nacional (BN) moved the ...
Source: http://www.insidecostarica.com...
(06:09)Yields head southward as inflation worries abate2008-05-11 14:21:12 - Bangalore, May 11 Bond yields continued their southward momentum even as the second phase of the cash reserve ratio came into effect and traders shrugged off inflation worries. ...
Source: http://www.thehindubusinessline.com...
(10:24)Philippine cbank sees '08 inflation at 5.5-6.5 pct2008-05-11 10:06:40 - Philippine cbank sees '08 inflation at 5.5-6.5 pct Reuters India, India - 1 hour ago The forecast was contained in a report given to the central bank's Monetary Board on Thursday, the sources said. However, the inflation-targeting central ... ...
Source: http://in.reuters.com...
(20:40)Trade deficit hits $16bn2008-05-10 23:50:22 - ISLAMABAD, May 10: Surging crude oil and food prices in international markets pushed Pakistan s trade deficit to $16.805 billion in the first 10 months of the current financial year, up by 50.78 per cent from $11.17 billion recorded last year. ...
Source: http://www.dawn.com...
EUR
(12:03)Eurozone banks toughening lending rules, says European Central Bank2008-05-11 08:27:45 - Eurozone banks toughening lending rules, says European Central Bank Business Intelligence Middle East (press release), United Arab Emirates - 45 minutes ago INTERNATIONAL. Eurozone banks are making it harder for companies and households to borrow money as they clamp down on lending in the wake of the US subprime ... ...
Source: http://www.bi-me.com...
(10:31)Dollar Is Falling Against Euro Rates In Late Trading2008-05-11 10:00:00 - After the European Central Bank (ECB) shows strong signs that they will keep interest rates higher than the bank in the United States, the dollar rates fell against most major currencies. After the European Central Bank (ECB) shows strong signs that ...
Source: http://www.transworldnews.com...
(10:30)A Currency Battle Of The Weak Vs The Weaker2008-05-11 10:00:35 - Last week the Euro bounced back up against the US dollar after two prior weeks of decline. EUR/USD began its rebound when it touched expected support around 1.5280, and now nearest resistance lies around 1.5510, 1.5550-60. Bearish momentum may ensue should it fall below 1.5340. The US dollar had its first weekly drop against the [...] ...
Source: http://www.gracecheng.com...
(19:00)Dollar shoots up against euro2008-05-11 01:31:00 - Markets were in full vigil mode last week with investors awaiting direction to the Federal Reserve ??s policy decision. Although there were no surprises with the 25 basis point interest rare cut, the accompanying statement was open to interpretation ...
Source: http://www.sundaymail.co.zw...
(03:14)Dollar Rally Runs Out of Gas2008-05-11 17:16:37 - Dollar Rally Runs Out of Gas Trading Markets (press release), CA - 18 minutes ago Euro - Trichet is Tough "The EURUSD continued its rebound from multi-week lows in the aftermath of yesterday's very tough, unapologetically hawkish press ... ...
Source: http://www.tradingmarkets.com...
(14:18)Inflation worries expected to prop up weak U.S. dollar2008-05-11 06:12:48 - Speeches this week by central bank governors from the United States, the euro zone and Japan will probably reinforce the view that authorities may finally wish to see a floor for the dollar. ...
Source: http://www.iht.com...
(11:35)The Fed Engineers Stability in the Dollar2008-05-11 08:55:48 - The Fed Engineers Stability in the Dollar Seeking Alpha, NY - 17 minutes ago At that time, I had indicated that the dollar could rally against the Euro and British Pound but was nearing resistance against the Japanese Yen. ... ...
Source: http://seekingalpha.com...
(18:42)DJ WORLD FOREX: Dollar Follows Stocks Down On Fresh Risk Fears2008-05-11 01:49:00 - By Riva Froymovich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The dollar declined against the euro and yen Friday on a resurgence of risk aversion after the credit crunch struck another business giant's earnings and oil continued to set record ...
Source: http://futuresource.quote.com...
(02:59)Futures traders start to like US dollar2008-05-11 17:32:05 - Futures traders start to like US dollar The Age, Australia - 37 minutes ago The difference in the number of wagers by hedge funds and other large speculators on a gain in the greenback versus the euro , known as net longs, ... ...
Source: http://business.theage.com.au...
(22:46)Investors: Don't count out dollar2008-05-10 21:44:29 - Investors: Don't count out dollar Long Beach Press-Telegram, CA - 5 minutes ago "If we firm up here, then what we'd see is the dollar firming up the against the euro and probably the (British) pound." But while a rebound in the dollar ... ...
Source: http://www.presstelegram.com...
CHF
(17:27)UBS to axe 5,500 jobs2008-05-11 03:04:00 - Swiss bank UBS is axing around 5,500 jobs, or almost 7 per cent of its workforce, amid first quarter losses of 11.5 billion Swiss francs (5.5bn).In its investment banking arm, 2,600 jobs will by cut by the end of 2008 while the remainder will go across ...
Source: http://news.uk.msn.com...
USD
(03:14)Dollar Rally Runs Out of Gas2008-05-11 17:16:37 - Dollar Rally Runs Out of Gas Trading Markets (press release), CA - 18 minutes ago Euro - Trichet is Tough "The EURUSD continued its rebound from multi-week lows in the aftermath of yesterday's very tough, unapologetically hawkish press ... ...
Source: http://www.tradingmarkets.com...
(15:49)Dollar Exchange Rate Keeps Improving2008-05-11 04:42:00 - the day that the dollar exchange rate to the Costa Rican colon dropped 4% overnight, the daily exchange rate has been keeping steady, with small up and down movements from day to day. However, on Wednesday night the Banco Nacional (BN) moved the ...
Source: http://www.insidecostarica.com...
(00:35)Dollar Trades Near Three-Week Low Versus Yen Before Retail Data2008-05-11 19:55:47 - May 12 (Bloomberg) -- The dollar traded near a three-week low against the yen before a government report tomorrow that will probably show U.S. retail sales declined, adding to evidence the U.S. economy is slowing. ...
Source: http://www.bloomberg.com...
(02:41)Dollar down on risk aversion2008-05-11 17:50:00 - THE dollar has opened lower on risk aversion generated by fears that the global credit crunch may not be over, after a large US insurer reported a record loss on Friday night. ...
Source: http://www.news.com.au...
(10:31)Dollar Is Falling Against Euro Rates In Late Trading2008-05-11 10:00:00 - After the European Central Bank (ECB) shows strong signs that they will keep interest rates higher than the bank in the United States, the dollar rates fell against most major currencies. After the European Central Bank (ECB) shows strong signs that ...
Source: http://www.transworldnews.com...
(10:30)A Currency Battle Of The Weak Vs The Weaker2008-05-11 10:00:35 - Last week the Euro bounced back up against the US dollar after two prior weeks of decline. EUR/USD began its rebound when it touched expected support around 1.5280, and now nearest resistance lies around 1.5510, 1.5550-60. Bearish momentum may ensue should it fall below 1.5340. The US dollar had its first weekly drop against the [...] ...
Source: http://www.gracecheng.com...
(16:56)Dollar Libor Strains Continue to Ease2008-05-11 03:35:00 - as recent action by the U.S. central bank to boost dollar liquidity throughout the financial system helped bring down interbank lending rates and narrow spreads . All main three-month London interbank offered rates - dollar, euro and sterling Libor - ...
Source: http://moneynews.com...
(19:00)Dollar shoots up against euro2008-05-11 01:31:00 - Markets were in full vigil mode last week with investors awaiting direction to the Federal Reserve ??s policy decision. Although there were no surprises with the 25 basis point interest rare cut, the accompanying statement was open to interpretation ...
Source: http://www.sundaymail.co.zw...
(19:18)Dollar holds up against most Asian currencies2008-05-11 01:12:24 - Dollar holds up against most Asian currencies Inquirer.net, Philippines - 44 minutes ago ANZ senior markets economist Katie Dean said the Australian dollar lost some ground Friday after the Reserve Bank downgraded its economic outlook, ... ...
Source: http://business.inquirer.net...
(02:25)May 12 - Dollar slide continues as risk aversion rises2008-05-11 18:05:38 - May 12 - Dollar slide continues as risk aversion rises Stuff.co.nz, New Zealand - 1 hour ago From US77.20c against the greenback at 5pm on Friday, the kiwi dipped to its lowest point in 3 months against the US currency around US76.50c early ... ...
Source: http://www.stuff.co.nz...
Commodities
(03:24)Oil prices boost Navajo revenue projections2008-05-11 17:07:00 - WINDOW ROCK High crude oil prices and a slight increase in production have contributed to a $14.2 million increase in revenue projections for the Navajo Nation for Fiscal Year 2009, according to Martin Ashley, assistant controller. ...
Source: http://www.gallupindependent.com...
(07:16)Corn futures approach record on oil s rise, weather concerns2008-05-11 13:15:02 - NEW YORK 05/06/08 - Corn futures surged near a record high Tuesday after crude oil spiked above $122 a barrel and forecasts for more rain in the U.S. corn belt threatened to put farmers further behind in their planting schedule. ...
Source: http://www.agweekly.com...
(10:09)Indonesia Mulls Quitting OPEC; Oil Prices Leap Past $122 a Barrel2008-05-11 10:22:00 - Meanwhile, oil futures on Tuesday shot up to a record high of more than $122 a barrel. A new Goldman Sachs prediction said oil prices could rise even further to $150 to $200 within two years, though other analysts said the prices could fall just as ...
Source: http://www.pbs.org...
(04:16)Gold May Gain for Second Week on Demand for an Inflation Hedge2008-05-11 16:14:35 - May 12 (Bloomberg) -- Gold may rise for a second straight week on speculation that higher energy costs will boost demand for the precious metal as an inflation hedge. ...
Source: http://www.bloomberg.com...
(02:21)Gas Prices Knock Bicycle Sales, Repairs Into Higher Gear2008-05-11 18:09:29 - Gas Prices Knock Bicycle Sales, Repairs Into Higher Gear MyFox Houston, TX - 1 hour ago By JAMES MacPHERSON AP Writer BISMARCK, ND -- Four- dollar -a-gallon gas is good for business -- if you run a bike shop. Commuters around the country are ... ...
Source: http://www.myfoxhouston.com...
(02:59)Futures traders start to like US dollar2008-05-11 17:32:05 - Futures traders start to like US dollar The Age, Australia - 37 minutes ago The difference in the number of wagers by hedge funds and other large speculators on a gain in the greenback versus the euro , known as net longs, ... ...
Source: http://business.theage.com.au...
(03:40)Oil Tax Pledge Buoys Markets2008-05-11 16:51:06 - 12 May 2008 By Catrina Stewart / Staff Writer Markets surged after the swearing-in of Dmitry Medvedev as president in a pomp-filled ceremony Wednesday and a tax-cutting speech by Vladimir Putin the day after, when he was approved as prime minister. ...
Source: http://www.themoscowtimes.com...
(08:25)Opec File: Holding Back2008-05-11 12:06:00 - Summary If markets work properly, high prices -- for oil or any other product or service -- should result in additional production capacity and greater supply. Yet oil prices of $120 per barrel are resulting in the opposite, with many Opec members ...
Source: http://www.energyintel.com...
(05:53)Oil powered Norway gradually turns into the wind2008-05-11 14:37:26 - As Norway prepares for a future after oil, the gale-force potential of harvesting wind power off its long coastline has become an increasingly attractive proposition. ...
Source: http://www.physorg.com...
(07:05)Oil Shock 2?2008-05-11 13:25:18 - With prices at $120 a barrel, Americans are facing an oil adjustment. ...
Source: http://www.csmonitor.com...
GBP
(01:01)Bank of England must cut interest rates by 0.5pc and keep cutting2008-05-11 19:29:49 - It may well have been a close run thing. Nevertheless it was no surprise that the Monetary Policy Committee (MPC) left interest rates unchanged last week. The interesting question, though, is where do we go ...
Source: http://www.telegraph.co.uk...
(07:08)BoE urged to act to avoid downturn2008-05-11 13:22:20 - BoE urged to act to avoid downturn ic NorthWales, UK - 40 minutes ago It is expected to forecast rising inflation and sharply weakening economic growth, with analysts warning that the Consumer Prices Index may even hit close ... ...
Source: http://icnorthwales.icnetwork.co.uk...
(01:39)Interest rate 'must be cut'2008-05-11 18:51:43 - The Bank of England must act swiftly if Britain is to avoid permanent damage to the economy, the British Chambers of Commerce (BCC) has warned. ...
Source: http://www.telegraph.co.uk...
(18:26)DJ CME Euro Crossrate Currency Close - May 92008-05-11 02:05:00 - Contract Open High Low Prev Settle Chg Euro FX/British Pound Jun '08 0.790800 0.794400 0.790800 0.789350 0.793750 0.004400 Sep '08 0.795200 0.795200 0.795200 0.790650 0.795200 0.004550 Dec '08 0.797050 ...
Source: http://futuresource.quote.com...
(11:35)The Fed Engineers Stability in the Dollar2008-05-11 08:55:48 - The Fed Engineers Stability in the Dollar Seeking Alpha, NY - 17 minutes ago At that time, I had indicated that the dollar could rally against the Euro and British Pound but was nearing resistance against the Japanese Yen. ... ...
Source: http://seekingalpha.com...
(10:08)Avoid airline surcharges with ease2008-05-11 10:22:15 - Avoid airline surcharges with ease MSNBC - 21 minutes ago By Peter Greenberg A downward economy, soaring fuel prices, and a dollar beaten up by the British pound and the Euro. So, what do the airlines do in ... ...
Source: http://www.msnbc.msn.com...
(18:29)Wharton: Exchange rates put a damper on European jaunts2008-05-11 02:01:57 - Wharton: Exchange rates put a damper on European jaunts Salt Lake Tribune, United States - 17 hours ago Right now, the exchange rate between a dollar and the British pound is almost $2 to one pound . The Euro exchange rate is even worse. ... ...
Source: http://www.sltrib.com...
AUD
(00:45)Aussie dlr supported by firm commodities, bonds up2008-05-11 19:46:03 - SYDNEY, May 12 (Reuters) - The Australian dollar held just above 94 U.S. cents on Monday, supported by firm commodity prices even as a fresh bout of risk aversion saw investors stay away from riskier assets and leveraged trades. ...
Source: http://au.biz.yahoo.com...
(00:16)Australian Dollar Falls Before Home-Loans, Confidence Reports2008-05-11 20:14:35 - May 12 (Bloomberg) -- The Australian dollar fell before a government report that economists said will show home-loan approvals declined for a second month in March, signaling two interest-rate increases this year are slowing the economy. ...
Source: http://www.bloomberg.com...
(19:18)Dollar holds up against most Asian currencies2008-05-11 01:12:24 - Dollar holds up against most Asian currencies Inquirer.net, Philippines - 44 minutes ago ANZ senior markets economist Katie Dean said the Australian dollar lost some ground Friday after the Reserve Bank downgraded its economic outlook, ... ...
Source: http://business.inquirer.net...
(22:20)Productivity 'should trigger pay rises'2008-05-10 22:10:33 - Productivity 'should trigger pay rises' Business Spectator, Australia - 2 hours ago The Reserve Bank of Australia (RBA) indicated on Friday that if ongoing high inflation feeds through to higher wages, it may need to raise interest rates ... ...
Source: http://www.businessspectator.com.au...
(10:43)Asia-Pacific Business News - - Week ending May 10, 2008: China ...2008-05-11 09:48:01 - Asia-Pacific Business News - - Week ending May 10, 2008: China ... FinFacts Ireland, Ireland - 1 hour ago ... and confident enough of growth prospects to keep hiring workers vigorously, said John Peters, senior economist at the Commonwealth Bank of Australia . ... ...
Source: http://www.finfacts.ie...
Technical Trading
(18:22)DJ ICE Cotton Review: Rises In-Range Underpinned By Commodities2008-05-11 02:09:00 - NEW YORK (Dow Jones)--ICE Futures U.S. cotton futures posted gains Friday as strength from bullish commodities sentiment bolstered prices amid new record-high crude oil prices and the softer U.S. dollar. The oversold cotton market is expected to drift ...
Source: http://futuresource.quote.com...
(10:30)A Currency Battle Of The Weak Vs The Weaker2008-05-11 10:00:35 - Last week the Euro bounced back up against the US dollar after two prior weeks of decline. EUR/USD began its rebound when it touched expected support around 1.5280, and now nearest resistance lies around 1.5510, 1.5550-60. Bearish momentum may ensue should it fall below 1.5340. The US dollar had its first weekly drop against the [...] ...
Source: http://www.gracecheng.com...
(02:20)Asia DayAhead: Kuwait $15 Billion Refinery; Dollar Bulls Rise2008-05-11 18:11:01 - May 12 (Bloomberg) -- Kuwait awarded contracts to build a $15 billion refinery to Fluor Corp. and four South Korean construction companies. Futures traders are turning bullish on the dollar for the first time since December 2005. ...
Source: http://www.bloomberg.com...
Institutional
(01:01)Bank of England must cut interest rates by 0.5pc and keep cutting2008-05-11 19:29:49 - It may well have been a close run thing. Nevertheless it was no surprise that the Monetary Policy Committee (MPC) left interest rates unchanged last week. The interesting question, though, is where do we go ...
Source: http://www.telegraph.co.uk...
(13:16)Bernanke Takes The Reins2008-05-11 07:15:00 - It's Ben Bernanke's moment of truth. The Federal Reserve -- the economy's symbolic command center -- has truly passed to him. Yes, he replaced Alan Greenspan as Fed chairman in early 2006. But until now, Bernanke had faced no crisis and his policies had ...
Source: http://www.washingtonpost.com...
(06:19)Central bank sees rebound in capital flows2008-05-11 14:12:03 - MANILA, Philippines - The global financial turmoil may have taken its toll on emerging economies like the Philippines in the form of reduced investment flows, but capital is expected to return once the dust settles in the world market, the Bangko Sentral ng Pilipinas (BSP) said. ...
Source: http://www.gmanews.tv...
(07:08)BoE urged to act to avoid downturn2008-05-11 13:22:20 - BoE urged to act to avoid downturn ic NorthWales, UK - 40 minutes ago It is expected to forecast rising inflation and sharply weakening economic growth, with analysts warning that the Consumer Prices Index may even hit close ... ...
Source: http://icnorthwales.icnetwork.co.uk...
(11:35)The Fed Engineers Stability in the Dollar2008-05-11 08:55:48 - The Fed Engineers Stability in the Dollar Seeking Alpha, NY - 17 minutes ago At that time, I had indicated that the dollar could rally against the Euro and British Pound but was nearing resistance against the Japanese Yen. ... ...
Source: http://seekingalpha.com...
(10:31)Dollar Is Falling Against Euro Rates In Late Trading2008-05-11 10:00:00 - After the European Central Bank (ECB) shows strong signs that they will keep interest rates higher than the bank in the United States, the dollar rates fell against most major currencies. After the European Central Bank (ECB) shows strong signs that ...
Source: http://www.transworldnews.com...
(17:57)The Bernanke Conundrum2008-05-11 02:34:00 - An Occasional Letter in association with Livecharts.co.uk With the US Federal Reserve cutting its Fed Fund Rate to 2%, presumably to aid the cost of borrowing and allow an expansion of lending that will lift the US economy from the doldrums you would ...
Source: http://c.moreover.com...
NZD
(01:20) NZ shares: Soft start to week for NZ sharemarket
2008-05-11 19:10:36 - The sharemarket started the week looking soft, in the wake of record oil prices, falls in United States equities and a sliding New Zealand dollar. The market was led down by Fletcher Building, which shed 11c early to 818, while Contact Energy slipped 1c to 901. ...
