GLOBAL ECONOMY WEEKAHEAD-Clouds over Jackson Hole

Forex August 22nd, 2010

By Pedro Nicolaci da Costa WASHINGTON, Aug 22 (Reuters) – For a geographical division that has earned a reputation for no longer producing very plenteous, the fate of the world economy is still curiously dependent in successi~ the fortunes of U.S. workers. A renewed spike in U.S. unemployment could interval trouble for the global economic [...]

Poll puts super rise in doubt

Business August 22nd, 2010

Superannuation a~ in doubt after poll result PEAK superannuation bodies have warned the proposed be augmented in the superannuation guarantee levy from 9 per cent to 12 through cent is at risk. "As it stands now, yes, we would beware the 12 per cent under threat," said Pauline Vamos, the headmost executive of the Association [...]

Unions talk tough on WorkChoices

Business August 22nd, 2010

Unions communication tough on WorkChoicesACTU president Ged Kearney has vowed to continue the incorporation campaign against WorkChoices if the Coalition wins government. Ms Kearney says she does not confident the national swing against Labor is indicative of voters turning facing industrial relations concerns. She has vowed to personally hold Tony Abbott to narrative if Labor [...]

TfL cashes in and checks out of Shard

Investments August 22nd, 2010

Transport in quest of London will abandon its plans to move into the Shard at London Bridge later a deal that allows the skyscraper’s owners to contribute tenants willing to pay a much higher rent. The sale of the lease to London Bridge Quarter, the landlord that is a joint venture betwixt the State of [...]

‘A disloyal, dishonest, criminal cheat’ – bank boss denounces rogue trader

Investments August 22nd, 2010

Jérôme Kerviel, the picaroon trader accused of losing almost €5 billion, was denounced through a former boss as criminal, dishonest, disloyal and a cheat at his ordeal in Paris yesterday. Christophe Mianné, head of Global Markets at Société Générale, the French bank, related that he was “extremely shocked” to hear Mr Kerviel claim that executives [...]

Forex Weekly Trading Forecast – 08-23-10

Forex August 22nd, 2010

US Dollar on the Verge of Rally as Sentiment Threatens Collapse Euro Forecast Remains Bearish – Watch for Test of Key Support Japanese Yen to Extend Five-Week Rally similar to Risk Aversion Continues British Pound Directionless as Traders Digest Recent Developments Canadian Dollar To Succumb To Risk Trends, Interest Rate Expectations Australian Dollar Vulnerable As [...]

Resolution in talks with AXA for life unit

Investments August 22nd, 2010

Resolution, the security against loss buyout vehicle, detailed its plans today to acquire the majority of AXA’s &levigate;2.75 billion life assurance division. The vehicle, run by Clive Cowdery, declared that it would fund the surprise takeover offer for the UK preservation, annuities and group pensions businesses with a pre-emptive £2 billion rights outlet, £500 million [...]

OBR slashes economic growth forecasts

Investments August 22nd, 2010

Q&A: that which is the Office for Budgetary Responsibility?LIVE: question to the experts ~ward inflation UK economic growth forecasts have been slashed, as the mischief wreaked by the recession on long-term growth were assessed independently conducive to the first time. One week before the Government’s exigency Budget, the newly formed Office for Budget Responsibility (OBR), [...]

XE Forex Rates at 2010-08-22 03:00 UTC

Forex August 22nd, 2010

XE.com This plain includes hourly currency rates. To view live exchange rates or exercise our currency calculator, click here XE Forex Rates Mid-market rates at 2010-08-22 03:00 UTC. More currencies…   USD EUR GBP 1 USD = 1.00000 0.78678 0.64387 Inverse: 1.00000 1.27100 1.55310 1 EUR = 1.27100 1.00000 0.81836 Inverse: 0.78678 1.00000 1.22195 1 GBP = 1.55310 1.22195 1.00000 Inverse: [...]

UPDATE 3-Regulators close ShoreBank in Chicago

Forex August 22nd, 2010

By Nick Carey CHICAGO, Aug 20 (Reuters) – U.S. regulators put ~ Friday seized notable Chicago-based community development bank ShoreBank after Wall Street backers failed to recover the institution, and its deposits will be taken over by a newly chartered bank. ShoreBank, a individually owned bank with a national reputation for its philanthropic activities, had [...]