Daily News For Currency Trader
All forex currency traders will tell you that it is absolutely critical to keep up with the latest economic and industry news around the global market Daily News For Currency Trader covers most major currency pairs by providing you with the latest news from US/Canada, Europe/UK, Asia, and commodities. Click on the
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 | Mexico refinery repairs to take 2 wks-Pemex source |
| HSBC faces thorny issues in hunt for new chairman |
| UPDATE 1-Ireland to wind-down Anglo; cost known by Oct |
| Tropical Storm Igor forms over Atlantic Ocean |
| Bankers dismiss market jitters |
| BP PLC SAYS "NO INDICATION" TRANSOCEAN LTD TEST |
| Chile Enap says controls fire at oil platform |
| BP blames contractors for US oil spill |
| Ireland to wind-down Anglo; cost known in Oct |
| ECB\'s Weber hopeful of Basel III deal at weekend |
| CANADA FX DEBT-C$ shoots higher, bonds fall, after rate hike |
| Pentagon seeks F-35 price cuts in economy drive |
| TREASURIES-30-year bond falls a point ahead of supply |
| The Bank of Canada raised its benchmark interest rate for a third consecutive time on Wednesday, nudging the rate up 25 basis points to 1 percent, but said a weak U.S. economy would hamper Canada\'s recovery. |
| Economists further scale back U.S. growth outlook-poll |
| TREASURIES-Bonds slip, weighed by impending 10Y auction |
| CANADA FX DEBT-C$ jumps to session high after BoC raises rates |
| Sarkozy holds firm as French unions plot next move |
| BP shifts U.S. oil spill blame onto contractors |
| Obama pitches road spending, tax incentives in Ohio |
| Greek recession deeper than thought, outlook bleak |
| Bankers stay calm on outlook for sector |
| HSBC faces thorny issues in hunt for new chairman |
| Republican leader urges 2-year freeze on US tax rates |
| BP says Transocean missed danger signs on rig |
| BOEHNER, SPEAKING AHEAD OF OBAMA ADDRESS ON ECONOMY, SAYS HE\'S O |
| U.S. HOUSE REPUBLICAN LEADER JOHN BOEHNER CALLS FOR TWO-YEAR FRE |
| Sarkozy faces down French unions on pension age rise |
| GLOBAL MARKETS-Skittish investors lift Europe stocks, hit dlr |
| US home buying up in week, but down 40 pct in year |
| BP set to publish report on oil spill rig blast |
| ECB\'s Weber hopeful of Basel III deal at weekend |
| Don\'t be complacent, China regulator tells banks |
| JGBs rise as yen hits 15-yr high, curve steepens |
| RPT-GLOBAL MARKETS-Europe bank fears hit shares; yen saps Nikkei |
| President Barack Obama will take Republicans to task over their economic values as he promotes an $180bn package of proposals to stimulate the anaemic US economy |
| Chinese bank regulator warns of potential risks |
| S.Korea restricts operations of Iran\'s Bank Mellat |
| TREASURIES-U.S. Treasuries extend gains on European bank worries |
| Britain\'s scientific performance should not be assessed by the amount of government money spent to fund research, Vince Cable, said as he warned of impending cuts in science funding |
| Reversing its early losses, the French market is rising in afternoon trading Wednesday, as sentiment was lifted by upbeat data that U.K. manufacturing output rose for a third month, lifting the annual growth to a near 16-year high in July. |
| The country "cannot afford" to write-off underpayments of income tax caused by problems with the calculation system, a minister says. |
| The German market reversed its early losses in afternoon trading Wednesday, as market sentiment was lifted by upbeat data that U.K. manufacturing output rose for a third month, lifting the annual growth to a near 16-year high in July. |
| BP\'s internal investigation into the oil spill in the Gulf of Mexico finds that "a series of failures" was to blame. |
| UK house prices have stabilised, according to the latest survey from the Halifax. |
| Business Secretary Vince Cable has unveiled plans for a squeeze on public funding for scientific research. |
| Vodafone pockets $6.5bn in cash following the sale of its 3.2% stake in China\'s biggest wireless operator, China Mobile. |
| President Nicolas Sarkozy outlines concessions to his flagship pension reform to try to avert an escalation of trade union-led demonstrations against his plans to raise the retirement age from 60 to 62 |
| The UK market erased early losses and is rising modestly in afternoon trading Wednesday, buoyed by upbeat data that U.K. manufacturing output rose for a third month, lifting the annual growth to a near 16-year high in July. |
| Phone card firm Lycatel agrees to make its charges much clearer in its adverts for international phone cards |
| The government gives its backing to a plan to build a £3.6 billion tunnel to stop raw sewage polluting the River Thames. |
| The debt-laden Greek economy shrank by a surprise 1.8% in the second quarter as households slashed spending. |
| The arrival of 200 Palestinian refugees in Riace in southern Italy is presenting fresh challenges for a town that has become a safe haven for refugees and immigrants |
| An Indian court tells Vodafone it has to pay $2.6bn in tax for its takeover of Hutchison Telecom\'s Indian phone assets. |
| President Barack Obama is backing new company tax breaks in an attempt to regain the initiative as mid-term polls loom |
| House prices rose for the second month in a row in August, after three months of declines, but prices have been largely static since the beginning of the year, according to a leading housing market indicator |
| UK manufacturing grew at a steady pace in July maintaining its recovery from the deep decline it suffered during the recession, but there are fears that a slowdown is set to hit the sector imminently |
| UK manufacturing output rises 0.3% in July from the month earlier, thanks to increased output in the machinery sector. |
| Dana Petroleum tells shareholders independent valuers found Korean oil\'s bid is too low and should be rejected. |
| Business Secretary Vince Cable expresses "worry" about the combination of High Street banks with investment banking, after Bob Diamond is named as Barclays\' new boss. |
| Regional Development Agency on its way out |
| Greece\'s largest bank is planning to raise ?2.8bn ($3.5bn) in new capital in a move designed to bolster confidence in the Greek banking sector |
| The Business Secretary, Vince Cable, has expressed concern about the appointment of the investment banker, Bob Diamond, as the new chief executive of Barclays. |
| Maurice Saatchi: "We had a romantic belief that it was possible for individuals to change the world by an act of will - a flat refusal to accept the status quo." |
| Property giant Connaught is expected to formally enter administration later, putting thousands of jobs at risk. |
| Business Secretary Vince Cable says "the bar will have to be raised" on science funding |
| European stocks are set to see further downside on Wednesday, tracking losses in the U.S. and Asian markets, amid renewed concerns about the health of European banks. |
| The Japanese finance minister says there could be market intervention as the yen hits a new 15-year high. |
| The European Commission says Budapest must amend the law, which required central bank governor Andras Simor to accept a 75% pay cut, to avoid infringing the independence of the national bank |
| The decision to move the September 29 deadline for three more months, which still needs approval by Brussels, is aimed at easing the funding needs of domestic lenders |
| Job appointments grew at their slowest rate in 10 months in August, raising questions about the strength of the UK job market, a survey suggests. |
| Finding investors to delve beneath the ocean waves |
| The financial crisis has not prevented the US from proposing a rise in its science budget. Nor has it stopped countries such as Germany, France and China from investing, writes Martin Rees
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| Russia must refocus on capital accumulation and infrastructure, as well as becoming more innovative |
| Germany has an enormous political and economic interest in making the eurozone work, however unpopular that view may be, writes Martin Wolf
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| The National Basketball Association wants to expand the game and are looking at emerging markets such as India and China to push their products. |
| Announcement of an inquiry follows an admission by Vince Cable that advice to the previous government had shown the advantages of the loan were likely to trump the costs |
| Boeing announces cuts at its military aircraft division in readiness for future reductions in US government defence spending. |
| Can trade with China help the UK economy? |
| The unions have good reasons not to swerve first |
| Hewlett Packard files a lawsuit against its former head Mark Hurd to try and stop him joining database software maker Oracle. |
| One-time dream projects sit vacant in the fallout of the country\'s building boom |
| Labour\'s flagship programme for increasing the life chances of children must be protected from the spending cuts to come, Frank Field warns |
| The government receives 56 requests to set up local business groups - amid concerns some could be too small and lack clout. |
| Sheffield Wednesday are saved from administration after reaching an agreement with their bank over an unpaid tax bill, BBC Radio Sheffield understands. |
| Russia\'s worst drought on record has had a tonic effect on the European wheat contract |
| Stopping the drilling of wells in the waters of the UK continental shelf would send \'a very negative message\' to investors in the oil industry, the head of Oil and Gas UK, the industry body, has warned |
| Millions of Londoners have been attempting to travel home amid a major Tube strike affecting nearly all its lines. |
| European finance ministers agree a new framework for financial supervision, designed to help prevent future financial crises. |
| Asian stock markets are trading weak on Wednesday with the overnight negative close on Wall Street amid renewed concerns about the financial health of European banks, hurting sentiment to a notable extent. Economic reports from the Asian region too are not any significantly encouraging. |
| Tracking global cues, the South Korean stock market is trading weak on Wednesday with stocks from technology and banking sectors leading the fall. The overnight fall on Wall Street amid concerns over the state of the financial health of European banks, and the resultant weakness in the Asian region appear to be weighing on sentiment to a notable extent. |
| With the European and U.S. markets ending sharply lower overnight, the Indian market may see some profit taking today following recent sharp gains. That said, renewed FII buying could limit the downside. |
| The Japanese stock market is down sharply on Wednesday with investors indulging in some heavy selling across the board amid renewed concerns about the global economy. The overnight negative close on Wall Street and the yen\'s strength against the U.S. dollar are also weighing on investor sentiment. |
| The Thai stock market on Tuesday finally halted the eight-day winning streak in which it had collected more than 50 points or 4.2 percent en route to a fresh 14-year closing high. The Stock Exchange of Thailand slid below the 925-point plateau, and now investors are bracing for continued weakness when the market opens for business on Wednesday. |
| The Australian stock market is trading notably lower on Wednesday with investors tracking cues from Wall Street and pressing sales in several front line stocks. Financial, mining and consumer discretionary stocks are among the prominent losers. |
| The Hong Kong stock market has finished higher now in five straight sessions, gathering nearly 900 points or 2.3 percent on its way to a one-month closing high. The Hang Seng Index finished just above the 21,400-point plateau, although now investors are expecting the market to slide when it kicks off trade on Wednesday. |
| The China stock market has finished higher now in back-to-back sessions, collecting more than 40 points or 1.5 percent en route to a four-week closing high. The Shanghai Composite Index finished just below the 2,799-point plateau, although now analysts are expecting a modest retreat at the opening of trade on Wednesday. |
| Asian stock markets are exhibiting a mixed trend on Tuesday with investors treading cautiously amid a lack of cues. Though most of the markets in the region rebounded after early weakness, lack of support at higher levels is rendering price movements extremely sluggish. |
| The South Korean stock market is trading flat on Tuesday with investors treading cautiously amid a lack of triggers. While Wall Street was closed overnight for Labor Day holiday, markets across the Asian region are mostly hovering around their previous closing levels today, rendering the mood cautious in the South Korean market. |
| In the absence of Wall Street cues, the Indian market may trade range-bound on Tuesday amid alternate bouts of buying and selling. |
| The Japanese market opened lower as investors pressed some sales in early trades after four successive days of gains. The yen\'s strength against the U.S. dollar too contributed to the mild sell-off. |
| The Australian market is trading marginally higher after some listless trades on Tuesday with investors treading cautiously ahead of the central bank\'s decision on interest rates. |
| The Indian market is seen opening higher on Monday with investors tracking cues from Wall Street, where stocks posted strong gains on Friday on the back of fewer-than-expected job losses in August. |
| Japanese market trades notably higher |
| Tracking positive cues from Wall Street, the Australian market is trading modestly higher on Monday with investors picking up select blue chip stocks from across various sectors. After a bright start, the market lost its way for a while before recovering swiftly on the back of some strong buying at lower levels at a few counters. |
| The Thai stock market has finished higher now in seven straight sessions, collecting more than 50 points or 4 percent en route to a 14-year closing high. The Stock Exchange of Thailand finished just below the 930-point plateau, and now analysts are forecasting further upside when the market opens for business on Monday. |
| The Indonesian stock market has alternated between positive and negative finishes through the last four trading days, since the end of the three-day losing streak in which it had given away more than 60 points or 2 percent. Now at another fresh record closing high, the Jakarta Composite Index rests just below the 3,165-point plateau - and now analysts expect the market to challenge that mark at the opening of trade on Monday. |
| The Hong Kong stock market has closed higher now in three consecutive trading days, climbing more than 440 points or 2.1 percent along the way. The Hang Seng Index finished just above the 20,970-point plateau, and now investors are anticipating further upside when the market kicks off trade on Monday. |
| The China stock market turned right back to the downside again on Friday - albeit barely - one session after it had snapped the two-day losing streak in which it had declined more than 30 points or 1.2 percent. The Shanghai Composite Index remained just above the 2,655-point plateau, but now analysts are predicting a solid rebound at the opening of trade on Monday. |
| Despite opening on a fairly positive note on the back of a surge on Wall Street overnight following encouraging economic reports, Asian stock markets are turning in a mixed performance on Friday with investors in some parts of the region choosing to tread cautiously and indulging in some profit taking at higher levels. |
| The South Korean stock market is trading modestly higher on Friday with investors indulging in some selective buying on the back of a positive close on Wall Street overnight. A better-than-expected GDP growth is also contributing to the positive mood. |
| The forecast for the Indian market is cautiously optimistic, although the upside may be limited by caution ahead of U.S. employment data later in the day. |
| The Japanese stock market opened higher on Friday on positive cues from Wall Street, where stocks surged higher overnight on the back of some encouraging economic reports. A slight weakening of the yen against the dollar too contributed to the positive start. |
| The Thai stock market collected just over a point on Thursday - but that was enough to stretch its winning streak to six sessions now, gathering more than 40 points or 3.8 percent in the process. The Stock Exchange of Thailand finished just above the 920-point plateau, and now investors are expecting additional upside at the opening of trade on Friday. |
| After a sharp upmove, the Australian stock market pared some gains on Friday with a section of investors choosing to take some profits after recent strong gains. The mood, however, remains a bit bullish at present following a positive close on Wall Street overnight. |
| The Indonesian stock market has finished lower in two of three trading days since the end of the three-day losing streak in which it had given away more than 60 points or 2 percent. Coming down from a record closing high, the Jakarta Composite Index now rests just above the 3,120-point plateau - although investors are anticipating a modest rebound when the market kicks off trade on Friday. |
| The Hong Kong stock market has finished higher in back-to-back sessions, collecting more than 330 points or 1.6 percent in the process. The Hang Seng Index finished just below the 20,870-point plateau, but now analysts are expecting to see the market extend its gains when it opens for business on Friday. |
| The China stock market on Thursday halted the two-day losing streak in which it had declined more than 30 points or 1.2 percent. The Shanghai Composite Index finished just above the 2,655-point plateau, and now investors are hoping for a continued recovery at the opening of trade on Friday. |
| The Taiwan stock market has closed higher now in consecutive trading days, gathering more than 100 points or 1.7 percent along the way. The Taiwan Stock Exchange finished just below the 7,720-point plateau, and now investors are anticipating continued gains when the market opens for business on Friday. |
| The battle for resources between India and China has arrived in Indonesia, where Asia\'s emerging giants are scrambling to secure the vast supplies of thermal coal needed to fire their electricity plants and power economic expansion |
| Asian markets open for trading on Wednesday ended in negative territory taking cues from Wall Street where the major averages ended lower amid fresh concerns about the health of European banks following flaws in recent bank stress tests. Resource stocks and banks were the major declines in the market amid concerns that the new government in Australia might revisit the resources tax. The strengthening of the yen against the dollar sank Japanese markets lower while the other markets ... |
| The Indian market cut its early loss and ended a volatile session on a flat note Wednesday, thanks to some selective buying in telecom, information technology, realty, healthcare and metal stocks. The 30-share BSE Sensex swung in both directions before ending up 22 points or 0.12% at 18,667, with 18 of its components edging higher. |
| The Japanese market ended Wednesday\'s trading session sharply lower as the local currency yen strengthened against the US dollar to a new 15-year high. Weak closing on Wall Street in the previous session amid fresh concerns about the health of the European banks also impacted market sentiment. Exporters, machinery stocks, banks and mining stocks led the decline as fresh concerns about the European debt resurfaced yet again. Weak trading across the markets in the neighborhood also ... |
| The Australian market ended Wednesday\'s trading session in negative territory, dragged down by banks and mining stocks following weak cues from Wall Street where the major averages ended in negative territory in the previous session. Concerns about the methodology adopted for bank stress tests in Europe dragged financial stocks lower across Europe in the previous session. Mining stocks declined on fears that the re-elected Australian Prime Minister Gillard might revisit policy on ... |
| Asia\'s fourth-largest economy sanctions 102 companies, including the Seoul branch of Iran\'s Bank Mellat, and 24 individuals of facilitating Tehran\'s efforts to develop nuclear weapons |
| The arrest near disputed islets in the East China Sea comes a day after Beijing summoned the Japanese ambassador to protest against what it called illegal interception of the vessel |
| The Indian market is edging lower on Wednesday, tracking cues from weak global markets amid renewed concerns about the health of the eurozone banks. Metal, banking, realty, IT and telecom stocks are bearing the brunt of the selling, while healthcare, consumer durable and auto stocks are seeing selective buying. |
| Tracking cues from Wall Street, where stocks rallied sharply overnight on the back of a pickup in U.S. manufacturing activity, Asian stock markets are mostly trading firm on Thursday. Though most of the markets have given up some early gains with some investors choosing to take profits, the mood remains fairly bullish at present. |
| After a bright start on the back of positive cues from Wall Street, the South Korean stock market has shed some early gains on Thursday with a section of investors going in for some profit taking. |
| The Indian market may extend its previous session\'s rally on Thursday, with positive sentiment across global markets and data showing continued buying by foreign funds, underpinning sentiment. |
| The Japanese stock market is trading higher on Thursday with investors tracking overnight gains on Wall Street and indulging in some strong buying in several front line stocks. A pause in the yen\'s rise also contributed to the buoyant mood. |
| The winning streak has stretched to five sessions now for the Thai stock market, which has collected nearly 40 points or 3.8 percent in the process. The Stock Exchange of Thailand finished just below the 920-point plateau, and now analysts are forecasting another strong opening for the market on Thursday. |
| The Indonesian stock market on Wednesday wrote an emphatic finish to the three-day losing streak in which it had given away more than 60 points or 2 percent. The Jakarta Composite Index finished just above the 3,135-point plateau, and now analysts are forecasting a further recovery at the opening of trade on Thursday. |
| Tracking cues from Wall Street, where stocks rallied sharply overnight on the back of a pickup in U.S. manufacturing activity, the Australian stock market is trading firm on Thursday with investors picking up stocks from across various sectors. |
| The New Zealand sharemarket opened higher in early trade following a lead from Wall Street as well as robust showing witnessed in global markets. |
| The Hong Kong stock market has finished higher now in two of three trading days since the end of the six-day losing streak in which it had declined nearly 500 points or 2.5 percent. The Hang Seng Index finished just above the 20,620-point plateau, and now investors are anticipating continued strength when the market kicks off trade on Thursday. |
| The World Giving Index has awarded its highest scores to the two PacÂific nations as the most generous charitable donors around the world, with Sri Lanka and Laos not far behind |
| The China stock market has finished lower now in back-to-back sessions, shedding more than 30 points or 1.2 percent along the way. The Shanghai Composite Index finished just above the 2,620-point plateau, and now analysts are predicting a modest recovery when the market opens for business on Thursday. |
| The Taiwan stock market headed right back up into positive territory again on Wednesday, one session after it had snapped the two-day winning streak in which it had collected more than 50 points or 0.7 percent. The Taiwan Stock Exchange finished just below the 7,670-point plateau, and now analysts are forecasting additional upside at the opening of trade on Thursday. |
| Mexico refinery repairs to take 2 wks-Pemex source |
| MARKET SNAPSHOT: Dow Shoots For 2010 Black Ink As U.S. Stocks Rise |
| Anatolia to acquire Australia\'s Avoca for C$1.08 bln |
| Tropical Storm Igor forms over Atlantic Ocean |
| Oil rises above $74 on strong U.S. equities |
| BP PLC SAYS "NO INDICATION" TRANSOCEAN LTD TEST |
| Chile Enap says controls fire at oil platform |
| Hewlett-Packard, Goodrich Selling Debt |
| BP blames contractors for US oil spill |
| Energy Stocks Up On BP Report, Higher Crude |
| Oil near $74, equities help pare losses |
| Hewlett Packard\'s Benchmark Note To Price Wed - Source |
| Chevron says Liberia OKs offshore investment |
| Refinery Status: Citgo Shuts A Flare Gas Recover -2- |
| BP shifts U.S. oil spill blame onto contractors |
| Forties Oct Program 17.4 Million Bbl, Up 1.2 Million Bbl On Month - Trade |
| Gold Futures Extend Rise From Record High |
| Crude Meanders Just Above $74 a Barrel |
| China grants clearance to Sinopec-Kuwait refinery |
| BP: No Single Factor Caused Deepwater Horizon Blast |
| Oil falls for 3rd session on share price drop |
| N Sea Forties VLCC Berth Maintenance To Be Extended - Trade |
| BP says Transocean missed danger signs on rig |
| BP: Multiple Firms To Blame For Gulf Oil Spill |
| BP Credit Rating Upgraded To A At Fitch |
| Oil falls for 3rd session on share price drop |
| BP set to publish report on oil spill rig blast |
| OPEC Daily Basket Falls 44 Cents To $73.02/Bbl Tuesday - OPEC |
| Dana rebuts KNOC bid, says worth much more |
| Dana Petroleum Says KNOC Offer Undervalues Company |
| BP\'s Internal Report On Gulf Oil Spill Is Due |
| Oil falls for 3rd session on share price drop |
| EDF Board Clears Sale Of U.K. Electricity Networks |
| Gold Futures Climb Past $1,260 On Globex |
| [at TheStreet.com] - Gold prices briefly broke their intraday high Wednesday as investors tenatively bought the precious metal. |
| Dana rebuts KNOC bid, says worth much more |
| Unilever To Invest In Maker Of Oil From Algae: WSJ |
| [at Financial Times] - Glencore, the world s largest commodities trader, has stepped up its bet on coal, buying a nearly five per cent stake in PT Bumi, an Indonesian miner, which is one of the world s top thermal coal exporters, for about $200m. |
| Dana Petroleum Steps Up Defense Against KNOC Bid |
| Oil falls for 3rd session as investors offload risk |
| The? better-than-expected? poor employment figures of last week were generally taken as a sign that the recovery is there, but L-shaped with a slightly rising bias. The new stimuli from government will be positive and hitting where they should. Tax |
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| Related Stories BANGALORE (Commodity Online): This may be India\'s biggest bid to reign the gold market with the government planning to revive the world\'s second deepest gold mines in Kolar.The Kolar mines were declared sick and shut down in |
| Gold gained on Wednesday, within sight of a two-month high hit the previous day, as global stocks tumbled and the euro slipped on renewed fears about the health of the global economy. Gold, which is also a few dollars away from a lifetime high of around |
| Related Stories MUMBAI (Commodity Online): Severe constraints over the wheat supply due to the worst drought in the Black Sea regions have paved way for India to garner benefit by catering corn to Southeast Asia. South East countries such as |
| Swiss bank UBS raised its one-month price forecast for gold to $1,300 on Wednesday from $1,230 an ounce previously, citing a combination of haven buying and better seasonal demand as the third quarter gets underway. The Swiss bank, a closely watched |
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| Dana Petroleum Buys UK Assets From Petro-Canada UK For GBP240 Million |
| PARIS -(Dow Jones)- French lender BNP Paribas S.A. (BNP.FR) Wednesday said it\'s reorganizing its Global Equities and Commodity Derivatives business. MAIN FACTS: - More autonomy is given to the regions in line with BNP Paribas CIB\'s regionalisation. |
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