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Indiabulls Financial wants to be a bank Friday, November 21, 2008 @ 9:48PMIndiabulls Financial Services has said it may convert to a bank when rules permit, seeking to emulate role models HDFC Bank and Axis Bank.
Dollar Posts Weekly Gain as Stock Plunge Spurs Haven Demand Friday, November 21, 2008 @ 9:45PMNov. 21 (Bloomberg) -- The dollar recorded a third weekly gain against the euro as a plunge in global stocks increased demand for the safety of U.S. government debt.
China Stealing U.S. Computer Data, Says Commission Friday, November 21, 2008 @ 9:28PM
GM Trims its Jet Fleet Friday, November 21, 2008 @ 8:58PM
Analyst Actions: Gap, Autodesk, REITs Friday, November 21, 2008 @ 7:48PM
○ Won-dollar exchange rate on seesaw ride Friday, November 21, 2008 @ 6:08PMWhen panic gripped the domestic financial market in the wake of the collapse of U.S. investment bank Lehman Brothers on Sep.15, the government made all-out efforts to protect the market with pouring a total 133 trillion won for financial market and corporate assistance.
Rand off worst on Citigroup Friday, November 21, 2008 @ 2:53PMAlthough still weak, the rand is well of the sessions worst levels as risk appetite has picked up after reports that Citigroup may either be split up or sold.
Euro creeps up vs. ruble on weaker dollar Friday, November 21, 2008 @ 12:07PMRBC, 21.11.2008, Moscow 14:22:49. The Bank of Russia has set the official euro exchange rate for November 22-24 at 34.5215 RUB/EUR, which is nearly RUB 0.02 higher than the previous official rate.
Euro Could Rebound Against US Dollar as Light Calendar Boosts Risk Appetite (Euro Open) Friday, November 21, 2008 @ 10:53AMThe Bank of Japan kept interest rates at 0.30% as expected. The US Dollar gave back ground against the Euro and the British Pound reflecting an overnight recovery in risk appetite.
(AFX UK Focus) 2008-11-21 06:50 Turkey - Factors to Watch on Nov 21 Friday, November 21, 2008 @ 7:20AMISTANBUL, Nov 21 (Reuters) - Here are news stories, press reports and events which could affect Turkish financial markets on Friday.
Saizeriya to Book 14 Bln Yen Charge on Forex Derivative Losses Friday, November 21, 2008 @ 7:15AMNov. 21 (Bloomberg) -- Saizeriya Co. , an Italian restaurant chain operator in Japan, expects to book a 14 billion yen ($147 million) charge for losses on derivative foreign exchange contracts after the yen unexpectedly strengthened.
Rupee recovers by eight paise Vs dollar Friday, November 21, 2008 @ 6:58AMThe Indian rupee today recovered by eight paise to 50.12/13 against the greenback in late morning deals on the back of some recovery in equity markets, despite sustained capital outflows.
Rupee recovers against dollar Friday, November 21, 2008 @ 6:54AMThe Indian rupee recovered by eight paise to 50.12/13 against the greenback in late morning deals on the back of some recovery in equity markets, despite sustained capital outflows.
Rupee recovers against dollar Friday, November 21, 2008 @ 6:38AMMUMBAI: The Indian rupee on Friday recovered by eight paise to 50.12/13 against the greenback in late morning deals on the back of some recovery in equity markets, despite sustained capital outflows.
Rupee recovers by eight paise Vs dollar Friday, November 21, 2008 @ 6:38AMCOMMENT ON THIS ! Your Views! The Indian rupee on Friday recovered by eight paise to 50.12/13 against the greenback in late morning deals on the back of some recovery in equity markets, despite sustained capital outflows.
European Internet Report: Brits on Top Thursday, November 20, 2008 @ 9:43PM
Forex Trading Signals Update: Volatility Has Dropped, Look to Range Trading Strategies Thursday, November 20, 2008 @ 9:07PMOur forex trading signals saw mixed performance through the past seven days of trading, as our Momentum-based strategies continued to outperform while Breakout and Range signals were comparatively disappointing.
Congress Puts Off Auto Deal Thursday, November 20, 2008 @ 8:43PM
TradingMarkets 7 ETFs You Need to Know for Friday Thursday, November 20, 2008 @ 8:38PM Massive losses in the Dow Jones Industrial led to sizable gains in the ProShares UltraDow 30 exchange-traded fund, which was up more than 10% on Thursday.
Utah-Based 4NExchange and Two Individuals Ordered to Pay $720,000 in Penalties to Resolve CFTC Charges of Fraud and ... Thursday, November 20, 2008 @ 7:38PMWashington, DC ― The U.S. Commodity Futures Trading Commission (CFTC) announced that a federal court judge ordered defendants 4NExchange, a Utah limited liability company, Paul R. Grant, formerly of Alpine, Utah, and Ronald K. Bassett formerly of Lindon, Utah, to pay a total of $720,000 in civil monetary penalties as a result of violating the anti-fraud provisions of federal commodities law.
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Canadian Dollar Forecast to Fall Further versus US Dollar Thursday, November 20, 2008 @ 5:53PMUSDCAD – Currency trading crowds remain heavily net long the US Dollar against the Canadian dollar. We will typically take a strictly contrarian view when the majority of traders are net long a given currency pair.
British Pound Forecast Unclear Against US Dollar Thursday, November 20, 2008 @ 5:52PMGBPUSD – Currency trading crowds have, perhaps surprisingly, remained heavily net short the British Pound against the US Dollar through recent tumbles.
(AFX UK Focus) 2008-11-20 06:43 Taiwan stocks at 6-yr closing low despite govt aid Thursday, November 20, 2008 @ 7:05AMBy Kelvin Soh
Australia Intervenes in Forex Market, Spends Record 3 Billion to Boost Currency (Euro Open) Thursday, November 20, 2008 @ 6:52AMThe Reserve Bank of Australia spent a record-breaking 3.15 billion to intervene in the forex market and support the value of its currency. Japanese exports dropped by the largest amount in nearly seven years, pushing the Trade Balance into deficit.
Bank stocks tumble; ICICI Bank down 10% Thursday, November 20, 2008 @ 6:47AMMUMBAI: Banking stocks on Thursday tumbled in early trade on the Bombay Stock Exchange, the fall led by ICICI Bank, which was down 10 per cent after credit rating agency Fitch cautioned about the asset quality of the bank.
Yen Rises on Speculation Investors Sold High-Yielding Assets Thursday, November 20, 2008 @ 6:45AMNov. 20 (Bloomberg) -- The yen rose for a second day against the dollar and the euro on speculation a plunge in global stocks prompted investors to sell higher-yielding assets and pay back low-cost loans from Japan.
Short-Term Forex Technical Outlook: USD/CAD Thursday, November 20, 2008 @ 6:37AMFalling oil prices paired with increased demands for the U.S. dollar continues to favor a bullish outlook for the USDCAD, and we may see the pair work its way back to the October highs over the near-term.
(AFX UK Focus) 2008-11-20 05:53 DIARY - Day ahead in the FX and debt markets Thursday, November 20, 2008 @ 6:20AMThis diary is a summary of key events likely to affect
A Drop in U.K. Retail Sales Would Confirm Bearish Pound Technical Outlook Thursday, November 20, 2008 @ 6:07AMU.K. retail sales are expected to have declined for the second month in a row in October. Economists are predicting that consumer consumption drop 0.9% following a 0.4% decline the month prior.
(AFX UK Focus) 2008-11-20 05:34 HK shares slide 5.5 pct, but HSI above 12,000 pts Thursday, November 20, 2008 @ 6:05AMHONG KONG, Nov 20 (Reuters) - Hong Kong shares dropped 5.5 percent to a three-week low on Thursday, tracking a steep drop on Wall Street after dismal economic data prompted a global flight to cash, but the main index held above the 12,000-point level. Unwinding carry trades amid a global equities sell-off pushed the Hong Kong dollar to the upper limit of its pegged trading band against the ...
(AFX UK Focus) 2008-11-20 02:10 Thai shares seen falling, economy, politics weigh Thursday, November 20, 2008 @ 2:34AMBANGKOK, Nov 20 (Reuters) - Thai stocks are expected to fall heavily on Wednesday after a grenade attack on an anti-government protest in Bangkok and Wall Street sinking to its lowest in five years on fears of a lengthy economic slowdown, analysts said.
Taiwan dlr slips to 3-wk low ahead of GDP figures Thursday, November 20, 2008 @ 2:33AM(Updates prices, adds details, quote)
(AFX UK Focus) 2008-11-20 01:21 Taiwan stocks open lower; TSMC down Thursday, November 20, 2008 @ 1:50AMTAIPEI, Nov 20 (Reuters) - Taiwan stocks opened 3.82 percent lower on Thursday after a plunge on Wall Street, with many export-reliant tech firms such as contract chip maker TSMC down on fears of a lengthy global recession.
(AFX UK Focus) 2008-11-20 00:49 Taiwan stocks - Factors to watch - Nov 20 Thursday, November 20, 2008 @ 1:20AMTAIPEI, Nov 20 (Reuters) - Here are news stories and press reports that may affect the Taiwan stock market on Thursday.
Euro-US Dollar Surges on Bigger-Than-Expected Drop in US CPI Only to Drop Later on Risk Aversion Thursday, November 20, 2008 @ 12:37AMEuro-US Dollar Surges on Bigger Than Expected Drop in US CPI, Only to Drop on Risk Aversion The US dollar initially weakened versus the euro upon the release of US inflation figures, only to rebound in the afternoon as dim prospects for an auto industry bailout lead stocks lower and boosted demand for safe-haven assets.
Timing Your Exits with Fibonacci Extensions Wednesday, November 19, 2008 @ 11:53PMFibonacci studies are an excellent tool for a forex trader to use because they can act as a leading indicator. If used properly, the can help you to determine when to get into a trade. More importantly, they can help you get out of a trade too.
October Brings Falling Inflation Wednesday, November 19, 2008 @ 11:33PM
Dow Falls Below 8,000, S&P at 5-year low Wednesday, November 19, 2008 @ 10:44PM
Indian IT Companies Count on Cash Reserves Wednesday, November 19, 2008 @ 6:13PM
Underpaid Zim police rob travellers of forex Wednesday, November 19, 2008 @ 5:53PMHarare - On Saturday 15 November, police believed to be from Hatfield set up a roadblock near Harare airport and robbed passengers of foreign exchange and, in one case, credit cards.
Rand trims losses as stocks close flat Wednesday, November 19, 2008 @ 5:45PM"I think the market is starting to find a level after the volatility," says Frank Fornasari, a trader at Absa Securities.
Dollar Remains Primed for Breakout Against Euro, British Pound Wednesday, November 19, 2008 @ 3:52PMThe Euro remains in a tight wedge formation against the US Dollar, with Rangebound price action likely to culminate in breakouts through short-term currency trading.
Australia Could See a Sharp Recession in 2009 Wednesday, November 19, 2008 @ 3:07PMAustralia faces the risk of recession at the beginning of next year as the Westpac leading index plunged to the lowest in 23 years. The Euro and British Pound remained range-bound in overnight trading.
FOREX conference to discuss monetary crisis, trade via internet Wednesday, November 19, 2008 @ 11:41AMKUWAIT, Nov 19 (KUNA) -- Kuwait Forex Trading Expo and Conference will discuss Wednesday the world monetary crisis and trade via the internet. The event, which kicked of Tuesday, will witness several sessions and lectures on its second and last day.
Australia to See Recession in 2009, Bank of England Minutes Ahead (Euro Open) Wednesday, November 19, 2008 @ 11:22AMAustralia faces the risk of recession at the beginning of next year as the Westpac leading index plunged to the lowest in 23 years. The Euro and British Pound remained range-bound in overnight trading.
Pound Surges Despite BoE Minutes Signaling More Rate Cuts Ahead Wednesday, November 19, 2008 @ 11:22AMThe Bank of England unanimously voted to lower their benchmark rate 150 bps at their November 6th meeting due to increasing downside risk to growth and deflation concerns. The pound surprisingly rose in the news after an initial dip as the vote was expected by forex traders.
(AFX UK Focus) 2008-11-19 10:40 HKMA intervenes four times but HK dollar still strong Wednesday, November 19, 2008 @ 10:49AMHONG KONG, Nov 19 (Reuters) - The following is a snapshot of the Hong Kong foreign exchange and money markets in late trade on Wednesday. Close Morning Previous Close At 0915 GMT At 0320 GMT At 0905 GMT HK$ SPOT 7.7500/01 7.7500/01 7.7501/02
You are currently viewing this from 69.147.86.151 - Wednesday, November 19, 2008 @ 8:49AMWELCOME GUEST! The dollar declined against the yen in Asian trade Wednesday on growing concerns about the struggling US auto industry, dealers said. The dollar fell to 96.58 yen in Tokyo afternoon trade, down from 96.89 in New York late Tuesday.
Taiwan dollar at 3-wk low due to fund outflows Wednesday, November 19, 2008 @ 8:40AM(Updates to close)