Australian dollar is the third currency to trade directly with the renminbi, the latest step in the internationalisation of China’s currency
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CFTC is investigating potential manipulation of interest rate contracts
The US regulator has issued subpoenas related to the benchmark for swaps
Read More »Bank of Japan 2% Inflation Goal Is Unrealistic
Pacific Investment Management Co.’s Bill Gross said the Bank of Japan’s goal to reach a 2 percent inflation target in two years using its record bond-buying program may be “unrealistic.
Read More »Soros Joins Gross in Warning Kuroda Plan Risks Yen Rout
Billionaire investor George Soros and Bill Gross, who runs the world’s biggest bond fund, warned the Bank of Japan (8301)’s plan to end deflation risks creating a rout in the yen.
Read More »FOREX-Yen hits one-month high as factory data dents dollar
The yen shot to a one-month high against the dollar on Tuesday after softer-than-expected U.S. manufacturing data prompted investors to sell the greenback. But further gains for the Japanese currency could be limited as investors wait to see what the Bank of Japan (BOJ) will deliver at its April 3-4 ...
Read More »Russian gold/fx reserves rise to $522.4 bln
Russia’s gold and foreign exchange reserves rose to $522.4 billion in the week to March 22 from $520 billion a week earlier, central bank data showed on Thursday. The central bank provided the following figures (in billion dollars): Latest week 522.4 Previous week 520.0 End-2012 537.6 NOTE – The reserves ...
Read More »Michael Dell Promises Employees That Big Changes Are Coming To The PC Business (DELL)
Michael Dell Promises Employees That Big Changes Are Coming To The PC Business (DELL) Michael Dell sent an email to employees today telling them why the company will be awesome after a private-equity buyout.
Read More »At Least 12,000 Barrels Of Crude Oil Spill In Arkansas
On Friday, an Exxon Mobile pipeline ruptured in Mayflower, Arkansas, spewing thousands of gallons of crude being transported from Canada’s oil sands.
Read More »World Market News
SWOT Analysis for HOME DEPOT HD Rating agency Standard & Poors downgraded Spain’s sovereign debt rating to BBB- from BBB+, outlook negative. Greece’s unemployment rate jumped to 25.1 percent in July. 10/11/2012 China is expected to weaken to 7.8% growth this year. IMF: It raises estimates for U.S. growth slightly, ...
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