Euro J - Foreign Exchange News

Foreign Exchange News

Trading in currency futures from Aug. 29 Wednesday, August 20, 2008 @ 5:33PMEven retail investors stand to benefit
Minefinders widens Q2 loss to $7.7M ; lowers production estimates Wednesday, August 20, 2008 @ 5:31PMVANCOUVER - Minefinders Corporation Ltd. (TSX:MFL) widened its second-quarter loss to $7.7 million from $400,000 a year ago as its Dolores Mine in Mexico moved to production.
Wall St rises as bank, energy shares rebound Wednesday, August 20, 2008 @ 5:30PMNEW YORK - U.S. stocks rose on Wednesday as bank and energy shares rebounded even as investors dumped Fannie Mae and Freddie Mac on fears of an imminent government bailout of the housing finance companies.
Banking comes to a standstill as workers strike; PSUs hit too Wednesday, August 20, 2008 @ 5:28PMBanking services in the country came to a virtual halt with about 9 lakh public sector bank employees going on a day-long strike paralysing most of commercial operations throughout the country.
FE Editorial Good initial offer Wednesday, August 20, 2008 @ 5:20PMThe latest move by capital markets regulator Sebi in favour of a supplementary mechanism to IPOs will address the long-standing demand of retail investors whose application money is often blocked for months even when they are not allotted shares.
Daily Headline News for August 20, 2008 Wednesday, August 20, 2008 @ 7:14AMDigest of headline news as of 4:00 p.m. Moscow time on August 20: BUSINESS & FINANCE *** WAGE ARREARS IN RUSSIA DOWN 9.4% IN JULY - ROSSTAT Overall wage arrears in Russia decreased 9.4% in July to 2.59 billion rubles, the Federal State Statistics Service (Rosstat) said.
China Yida Holding Company Announces Second Quarter 2008 Financial Results Wednesday, August 20, 2008 @ 7:07AM China Yida Holding Company , a leading comprehensive tourism and media management company, today announced its unaudited financial results for the second quarter ended June 30, 2008.
U.S., Poland Sign Missile Defense Deal Wednesday, August 20, 2008 @ 7:00AMSecretary of State Condoleezza Rice has signed a deal with Poland to build a U.S. missile defense base in the former Soviet satellite nation - a plan that has infuriated Moscow.
Mentor Graphics Reports Fiscal Second Quarter Results Wednesday, August 20, 2008 @ 7:00AM WILSONVILLE, Ore.----Mentor Graphics Corporation today announced fiscal second quarter revenue of $182.4 million, a GAAP loss of $.19 per share, and a non-GAAP loss of $.02 per share.
TXP Announces Results for the Second Quarter of 2008 Wednesday, August 20, 2008 @ 7:00AM TXP Corporation, an Original Design Manufacturer for the telecommunications industry, today announced financial results for the three months ended June 30, 2008.
Rice signs missile defense deal with Poland Wednesday, August 20, 2008 @ 6:50AM Secretary of State Condoleezza Rice and her Polish counterpart signed a deal Wednesday to build a U.S. missile defense base in Poland, an agreement that prompted an infuriated Russia to warn of a possible attack against the former Soviet satellite.
Russia sending mixed signals Tuesday, August 19, 2008 @ 7:58PMGeorgian prisoners paraded around on armoured vehicles, four U.S. Humvees seized as Russia takes first steps toward a troop pullback
Beijing in Pictures Tuesday, August 19, 2008 @ 7:56PMOn assignment for Amnesty International, out former NBA player John Amaechi and out photographer Jeff Sheng report from the 2008 Olympics in Beijing.
Venezuela seizes control of Cemex cement plants Tuesday, August 19, 2008 @ 7:50PM Mexico urged Venezuela to negotiate with its cement producer Cemex SAB on Tuesday after the Venezuelan government seized control of its cement plants saying no deal could be reached on the terms of a nationalization ordered by President Hugo Chavez.
South Korea says sold dollars to support won Tuesday, August 19, 2008 @ 7:42PMSEOUL, Aug 20 (Reuters) - South Korea on Wednesday intervened in the foreign exchange markets, selling dollars for won to correct irrational market behaviour, Vice Finance Minister Kim Dong-soo said on Wednesday.
Venezuela seizes control of Cemex cement plants, Mexico urges talks Tuesday, August 19, 2008 @ 7:31PMFabiola Sanchez, The Associated Press August 19, 2008 - 8:17 p.m.
Prisoner exchange takes place in Georgia Tuesday, August 19, 2008 @ 7:28PMRussia and Georgia exchanged prisoners Tuesday as Russian troops slowly began pulling out of the conflict region in Georgia.
Big banknotes still around Tuesday, August 19, 2008 @ 7:16PMHUNDREDS of thousands of RM500 and RM1,000 notes are still in circulation although these denominations have been discontinued by Bank Negara since 1999. Deputy Finance Minister Datuk Kong Cho Ha said 151,482 pieces of RM500 notes and 28,315 pieces of RM1,000 notes had not been returned to the central bank.
Firms raided over illegal forex deals Tuesday, August 19, 2008 @ 7:14PMKUALA LUMPUR: Bank Negara Malaysia raided six companies on Monday on suspicion of conducting illegal foreign currency dealings. "The raids were conducted at the premises of the companies in Kuala Lumpur and Selangor following complaints from the public.
Xentel Reports Second Quarter June 30, 2008 Results Tuesday, August 19, 2008 @ 8:46AM CALGARY, ALBERTA-- - Xentel DM Incorporated -
Information Technology and Business Process Outsourcing Company Narrows Loss Tuesday, August 19, 2008 @ 8:45AM Caneum, Inc., a global provider of business process and information technology outsourcing services, today announced financial results for the three months ended June 30, 2008.
Education Calendar: 08/19/2008 Tuesday, August 19, 2008 @ 8:43AMThe Education calendar is published weekly. To submit information email awidmer@record-eagle.com ; fax (231) 946-8632; or mail to 120 W. Front St., P.O. Box 632, Traverse City, MI 49685-0632. Items should be received at least two weeks in advance.
Russian Tanks Roll Out Of Georgian City Tuesday, August 19, 2008 @ 8:36AMA small column of Russian tanks and armored vehicles left the strategically key Georgian city of Gori on Tuesday and a Russian officer said they were heading back to South Ossetia and then Russia.
12:30 (BST), 19/08/2008 Guitar Hero III: Legends of Rock Press Release PROVIDED BY GAMES PRESS ... August 19, 2008 – ... Tuesday, August 19, 2008 @ 8:32AM... August 19, 2008 – Known for their out-of-control riffs, fast paced songs and twin guitar solos, DragonForce will ascend the virtual stage once again to unleash “Heroes of Our Time” – the debut single off their new album Ultra Beatdown – in a three-song track pack for Activision Publishing, Inc.’s (Nasdaq: ATVI) Guitar Hero® III: Legends of Rock. The DragonForce track pack will be available ...
Gulf states should aim to narrow inflation gap: report Tuesday, August 19, 2008 @ 8:30AM Oil-rich Arab states in the Gulf should aim to narrow the gap in their inflation rates before a 2010 target for monetary union, a report said on Tuesday, proposing a depegging from the US dollar.
Say no to IMF, World Bank prescription Sunday, August 17, 2008 @ 12:58PMGlobal integration is exposing India to global problems. A decade back India was insulated from the crash that had engulfed the Southeast Asian tigers, in its neighbourhood. Now developments in far off US are hitting the Indian economy! It is slowing down.
All eyes on Gregory Jones Sunday, August 17, 2008 @ 12:12PMTruman professor demonstrates international bond of music
Lebanon aims to open Syria ties "in weeks" - paper Sunday, August 17, 2008 @ 11:26AMBEIRUT (Reuters) - Lebanon aims to complete steps towards establishing diplomatic ties with Syria within weeks, Prime Minister Fouad Siniora was quoted as saying on Sunday.
Fears grow of an end to boom Sunday, August 17, 2008 @ 11:08AM Investors fleeing oil, gold commodities markets Commodities prices have plunged Economist says it may be the end of the boom
Market gains on oil fall and profit reports Sunday, August 17, 2008 @ 10:28AMMANILA, Philippines - A further drop in oil prices and good earnings reports by some local firms allowed the local stock market to end in positive territory last week, despite losing on most days, analysts said.
Looking for Swing Votes in the Boardroom Sunday, August 17, 2008 @ 10:11AMAs both presidential candidates prepare for the party conventions and publicly spar over economic issues and energy policy, they are also trying to win over big business.
PM highlights inflation, foreign workers, birth rate concerns Sunday, August 17, 2008 @ 9:56AMSINGAPORE: Inflation, foreign workers and parenthood issues featured prominently in Prime Minister Lee Hsien Loong’s National Day Rally speech to the Chinese community on Sunday.
Petition set up against Wild Coast mining Saturday, August 16, 2008 @ 2:09AMOpposition to the proposed mine on the Pondoland coast of the Eastern Cape took another turn on Thursday when concerned people were invited to petition Minister of Minerals and Energy Bulelwa Sonjica not to allow the start of mining operations.
Students from other countries still waiting for class, home Saturday, August 16, 2008 @ 2:07AMWith just one week left before the start of the school season, 12 young people are still waiting to see if they can go to class.
Student sets sights on global experience Saturday, August 16, 2008 @ 2:07AMIt is a long way from Ho Chi Minh City to Austin, Texas, but to Quyen Nguyen, it’s just another stop on a journey that will take him as far as wants to go.
Local feed producers left with empty feeling Saturday, August 16, 2008 @ 1:57AMVietNamNet Bridge - More Vietnamese feed companies are expected to shut down this year upset by feed ingredient imports and tough exchange rates.
Lebanon, Syria step historic: League Saturday, August 16, 2008 @ 12:34AMCAIRO: The 22-member Arab League yesterday hailed the decision by Syria and Lebanon to establish diplomatic relations. “This agreement, which puts Syrian-Lebanese relations back on track... is an important historical step,” League chief Amr Moussa said in a statement.
Wall Street group spent over $1M lobbying in 2Q Friday, August 15, 2008 @ 2:47PM(AP:WASHINGTON) A major Wall Street group spent more than $1 million in the second quarter lobbying on banking, trade and regulatory issues, according to a recent disclosure form.
Turkey, Iran sign cooperation agreements on fight against terrorism Friday, August 15, 2008 @ 2:46PMTURKEY: Turkey and Iran signed cooperation agreements on the fight against illicit drug trafficking, organized crimes and terrorism on Thursday, the semi-official Anatolia news agency reported.
Lacklustre end to week for U.S. stocks Friday, August 15, 2008 @ 2:43PMU.S. stocks were mixed on Friday with the industrial sector in positive territory, but barely, and techs dipping into the red.
Govt puts SocGen-SBI JV on hold Friday, August 15, 2008 @ 2:40PMSocGen and SBI have decided to form a joint venture company to venture in the custodial services business. SBI was to take majority stake in the JV.
YTB International Announces Financial Results for the Second Quarter of Fiscal 2008 Friday, August 15, 2008 @ 2:40PM YTB International, Inc. , a provider of Internet-based travel booking services for travel agencies and home-based independent representatives in the United States, Puerto Rico, Bermuda, the Bahamas, the U.S.
Foreign money pours into Iraqi Kurdistan Friday, August 15, 2008 @ 2:27PMERBIL, Iraq, Aug. 15 (UPI) -- A regional law offering incentives to foreign investors in Iraqi Kurdistan has brought in nearly $16 billion in pledged projects, Kurdish officials said Friday.
Carry Trade Plunges, But Yen Pairs Testing Support Friday, August 15, 2008 @ 2:13PMWhile the dollar’s ongoing rally has grabbed most headlines, the market seems to be catching on to the other big trend in currencies: the distinct breakdown in the carry trade.
OFW remittance hit record high in June Friday, August 15, 2008 @ 2:39AMMANILA, Philippines - Remittances from Filipinos overseas surged in June due to the consistent deployment of workers and continuous expansion of local banks and non-bank remittance agents abroad.
South Africa: Textainer Stake, Weaker Rand Boost Trencor Profit Friday, August 15, 2008 @ 2:32AMTRENCOR was "quite pleased" with its interim results to June. The results drew much of their strength from the weak rand and Textainer, a US-listed container leasing and management company in which Trencor holds a 62,6% stake.
New NATO minister has an issue in Hatboro Friday, August 15, 2008 @ 2:24AMKurt D. Volker, the new American ambassador to NATO, has many things big and small on his mind these days: the Russian invasion of Georgia, the war in Afghanistan, and the fate of a quilt that hangs in the borough hall of Hatboro, Pa., U.S.A.
Pound Declines 11th Day Versus Dollar, Sliding for Fourth Week Friday, August 15, 2008 @ 2:22AMAug. 15 (Bloomberg) -- The pound fell for an 11th day against the dollar, the longest run of declines in at least 37 years, on speculation an economic slowdown will spur the Bank of England to reduce interest rates.
U.S., Poland reach missile defense deal Friday, August 15, 2008 @ 2:18AMPoland and the United States reached an agreement Thursday to base American missile interceptors in Poland, going ahead with a plan that has angered Russia.
Swatch First Half Profit Down 9%, Sales Up 8% Friday, August 15, 2008 @ 2:16AMSwatch First Half Profit Down 9%, Sales Up 8%