Tuesday 21 May 2013
The New York Times says: “Jamie Dimon, the nation’s most powerful banker, appears set to hold onto his title of chairman after JPMorgan Chase’s shareholders defeated a proposal to split the two top jobs, according to people who have seen the preliminary tallies.” The paper pointed out that the margin of victory is still unclear.
Tuesday 21 May 2013
A report published on Tuesday by the Organization for Economic Coorperation and Development (OECD) showed that overall growth amidst its members improved during the first quarter.
Tuesday 21 May 2013
The AUD/USD has been suffering a steep correction since the breakout of support at 1.0111, according to technical analysts at Digital Look.
Tuesday 21 May 2013
The price chart for the GBP/USD reveals that the support level at 1.52 is actually holding up for now, leading technical analysts at Digital Look to consider a potential rebound towards 1.54.
Tuesday 21 May 2013
The EUR/GBP has been confined to a narrow trading range for the last two weeks.
Tuesday 21 May 2013
Last week, the EUR/USD broke through the support level at 1.2954 and confirmed a reversal formation known as a ‘double-top’ with bearish implications, according to technical analysts at Digital Look.
Tuesday 21 May 2013
Spain managed to sell more short-term sovereign debt that it had originally predicted today but with mixed results on both demand and financing costs.
Tuesday 21 May 2013
Italy's former technocrat Prime Minister Mario Monti said that the worst of the European crisis has passed and that the current Italian government would remain unchanged in the short-term.
Tuesday 21 May 2013
Germany is working on minor changes to European Union (EU) treaties in the hopes of speeding up the decision-making process, while at the same time avoiding an overhaul that might result in the repatriation of powers from Brussels to the UK.
Tuesday 21 May 2013
Recent dollar strength lost momentum on Monday as investors held back ahead of minutes from the Federal Reserve’s last policy meeting due Wednesday.
Monday 20 May 2013
Actavis, the New York-listed generic drugmaker, is to buy Warner Chilcott in a stock-swap deal that values the latter at five billion dollars, writes The Wall Street Journal. The deal will be completed before the end of 2013 with the new company being led by the current Actavis team.
Monday 20 May 2013
The EUR/USD has confirmed a double-top formation following last week’s loss of support at 1.2954, according to technical analysts at Digital Look.
Monday 20 May 2013
The Japanese yen continues to show weakness versus the other majors, especially the 'greenback.'
Monday 20 May 2013
USD/CAD was able to move above the top part of a slightly bearish trading range on Friday.
Monday 20 May 2013
Moody's Investors Service still sustains that Rome's stronger public finances are one of the key reasons for maintaining Italy's 'Baa2' sovereign rating one notch above Spain's 'Baa3'.
Monday 20 May 2013
Bundesbank President Jens Weidmann has urged France to take deficit reduction 'seriously' as one of the two major Eurozone economies and warned against employing too much flexibility with targets based on economic conditions.
Monday 20 May 2013
The dollar rallied across the board on Friday after data showed a recovery in US consumer sentiment.
Friday 17 May 2013
Industrial machinery maker Caterpillar has cut the cost of its acquisition of a Chinese mining equipment group, meaning that it will take a big write-down following alleged accounting “irregularities”, the The Wall Street Journal writes.
Friday 17 May 2013
Moody's Investor Service has decided to upgrade Turkey's credit rating to an investment grade with a 'stable' outlook after the country underwent several reforms to its financial structure.
Friday 17 May 2013
Finance Minister Pierre Moscovici believes that growth will return to France in the second half of this year after data on Wednesday showed the French economy slipped into recession during the first quarter.
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