Search Results for: EU
Brent slips toward $106 as fuel demand disappoints
July 31st, 2014
Brent crude slipped towards $106 a barrel on Thursday and was set to post its biggest monthly loss in more than a year as higher OPEC output and disappointing demand in the United States outweighed tensions in the Middle ...
Dollar Holds Longest Yen Gains After U.S. GDP
July 31st, 2014
The dollar headed for its biggest monthly gain versus the euro since February last year as signs the U.S. economy is strengthening spurred traders to boost predictions for higher Federal Reserve rates. The U.S. currency has risen versus all ...
Australia 200 – Surges Through 5600 to New High
July 31st, 2014
Australia 200 for Thursday, July 31, 2014 The Australia 200 Index is presently on quite a roll as it has enjoyed a solid three week period which has seen it move strongly up through both the 5500 and 5550 ...
Technical Analysis AUD/USD – Drops to Seven Week Low Near 0.9300
July 31st, 2014
Technical Analysis AUD/USD for Thursday, July 31, 2014 The Australian dollar is presently trying to rally and stay above the support level at 0.9300 after its sharp fall in recent hours which saw it move from near 0.9400 down ...
Banco Espírito Santo reports a loss of €3.6 Billion
July 31st, 2014
Banco Espírito Santo on Wednesday reported a first-half loss of €3.58 billion (or $4.8 billion), the largest ever for a Portuguese institution, wiping out the bank’s €2.1 billion capital cushion and forcing it to raise new funding. The loss ...
New York Governor involved in BNP deal to get $1 billion more for NY state fund
July 31st, 2014
Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger ...
Russians worry over the growing sanctions from the West
July 31st, 2014
Russia confronts the biggest sanctions from the West since the Ukrainian crisis erupted and has therefore adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance of self-reliance and a new poll released Tuesday indicating a ...
Argentina’s credit rating follows further cuts
July 31st, 2014
Standard & Poor’s on Wednesday cut its credit rating on Argentina’s foreign-currency sovereign debt to “selective default” even as talks between officials from Latin America’s No. 3 economy and a group of holdout creditors continued in New York. S&P ...
Gold Flat at $1300 Ahead of Key US Data, Fed Statement
July 30th, 2014
Gold is listless on Wednesday, as the metal hugs the $1300 line late in the European session. On the release front, it’s a busy day, with three key events out of the US – Advance GDP, ADP Nonfarm Payrolls ...
U.S. economy advances in second quarter
July 30th, 2014
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 ...
