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Australia accused of breaking law after returning asylum seekers to Sri Lanka

July 8th, 2014 (0)
Australia has been accused of breaking international law and violating the refugee convention after returning a group of 41 Sri Lankan asylum seekers who attempted to reach the country by boat directly into the hands of the Sri Lankan ...

FX Volatility Remains Low, says Deutsche Bank

July 8th, 2014 (0)
Volatility in the foreign-exchange market will stay near quarter-century lows this summer before a potential late-year “shock,” according to Deutsche Bank AG’s Alan Ruskin. “The market is extremely complacent and we will get some sort of shock, probably in ...

Corn Holds at $4.03 after Record Crop

July 8th, 2014 (0)
Corn traded near the lowest level in almost four years as an outlook for a record harvest in the U.S., the biggest producer, spurred a bear market slump. Wheat rallied after the biggest drop in 15 months. Corn for ...

Dollar Falls Most in a Week Versus Yen after Fed Rate report

July 8th, 2014 (0)
The dollar fell the most in more than a week against the yen as investors gauge the timing of Federal Reserve interest-rate increases after reports showing a strengthening jobs market. The Bloomberg Dollar Spot Index rose earlier after Goldman ...

Australia, Japan sign defense and trade deals

July 8th, 2014 (0)
On Tuesday, Japan’s prime minister Shinzo Abe met with his Australian counterpart to sign agreements aiming to boost defense and trade ties between the countries. The defense deal, which involves the transfer of military equipment and technology, comes a ...

Oil price slips as supply fear recede

July 8th, 2014 (0)
The price of oil slipped to near $103 a barrel Tuesday as concerns about possible supply disruptions continued to fade. Benchmark U.S. crude for August delivery was down 12 cents to $103.41 a barrel at 0450 GMT in electronic ...

Technical Analysis Gold – Indecision Resurfaces Under $1320

July 8th, 2014 (0)
Technical Analysis Gold for Tuesday, July 8, 2014 After pushing higher to a three month high above $1330 last week, gold has now just eased a little lower back to below $1320 and is showing more signs of indecision again ...

Japan Current Account Surplus Above Expectations

July 8th, 2014 (0)
Japan’s current account logged a higher-than-expected surplus in May, government data showed on Tuesday, as the trade deficit narrowed due to a decline in imports. But the improvement in the current account surplus could be temporary as export growth ...

Top banks face wait for detail of new buffer to protect against bailouts

July 8th, 2014 (0)
According to a global banking regulator, details of a new buffer of bonds to shield taxpayers from having to rescue a big bank won’t become clear for at least a year or more. Lenders like Goldman Sachs, Deutsche Bank ...

German Industrial Output Drops

July 7th, 2014 (0)
German industrial production plunged in May at its sharpest pace in more than two years, suggesting that Europe’s largest economy struggled to expand in the spring after a robust first quarter. Industrial production dropped 1.8% on a seasonally adjusted ...
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