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101
« on: May 09, 2011, 05:23:42 pm »
TAM to buy TAP? Not so fastBy Mark Odell in London and Joe Leahy in São Paulo The Brazilian carrier TAM is said to be the lastest suitor for TAP, its Portuguese counterpart, one of several state-owned companies that Lisbon is looking to privatise as part of its ?78bn bailout by the European Union and the International Monetary Fund. For a …Continue reading: "TAM to... Source: TAM to buy TAP? Not so fast
102
« on: May 09, 2011, 11:12:40 am »
Silver Leads Asian Rebound, Gold Flirts with RecordSilver leads precious metals to a modest recovery and gold flirts with the $1,500-a-troy ounce level in Asian trading hours as investors test the waters for price stability in a still-cautious market after a plunge last week. Source: Silver Leads Asian Rebound, Gold Flirts with Record
103
« on: May 08, 2011, 11:20:23 pm »
Is it wise to pay off your credit card debt with an installment loan?The most common question asked by the debtors in the US is whether or not it is wise to pay off their multiple credit card debts with the help of an installment loan. Most people who are overburdened with a huge amount of debt are looking for ways to eliminate this burden. But it is not an easy decision to let go of all your debts. You have to calculate your debt amount with a debt calculator and then decide which way to choose to <a href=" http://www.debtconsolidationcare.com/">pay off debt</a>. An installment loan will help you repay your debts in easy and affordable monthly installments that will be fixed through out the term of the loan. The debt consolidation loan will carry a lower APR and you can repay your debts with ease. If this same question is being asked to a financial expert he will tell you that you can save money by repaying your financial obligations through an installment loan but the first consideration must be how long it will take to repay the total debt that you owe your creditors. You must determine the total time that you may take to repay the loan with the current interest rate and at the monthly payment plan that you?ve accepted with your loan lending company. You must have decided on a particular payment amount each month. You require calculating the total loan amount and divide it by your monthly payments to derive the exact time to become debt free. Have a look at some pros and cons of an installment loan. The pros of paying off debt through an installment loan: * Bundling your high interest debt into a single loan: You will easily be able to bundle all your high interest debt into the single installment loan that you take out from the company. By combining your payments, you can easily stick to a single monthly payment instead of making multiple payments. * You can avoid all fees: By rolling over your debts into the single loan, you can let go of all your late fees and penalties that you may have accrued due to your spending habits. * You can boost your credit: By becoming current on your monthly debt payments through an installment loan, you will be able to boost your credit score. Just make sure that the company reports all this information to the credit bureaus so that your credit score leaps accordingly. The cons of paying off debt through an installment loan: * The interest rates may not suit your needs: For some people the debt consolidation option may not be suitable according to their financial needs. Apart from the difficulty in finding the best and the most competitive interest rates, it can also happen that consolidating your debt wouldn?t make much sense. Therefore, you need to make sure that the installment loan carries an interest rate that really helps you save money. * It may take more time to pay off debt: As the length of the debt accounts are extended, you may end up paying back a larger amount than you actually owed. Though apparently it may seem that your monthly payments will be lowered, but the truth is that you will be accruing huge interest rates. Therefore, before deciding to repay your loan with an installment loan, make sure you take into account the above mentioned considerations. It is always wise to pay off your debts through an installment loan only when you calculate that you will actually save money with such a loan. This can be easily determined with the help of a debt calculator. You just feed in the interest rates and the monthly payments to check how much time you may need to become totally debt free. Source: Is it wise to pay off your credit card debt with an installment loan?
104
« on: May 08, 2011, 05:13:44 pm »
Qatar Oil Minister Denies Surprise in OPEC MeetingQatar's oil minister said he does not expect OPEC to make a "dramatic" decision during the upcoming OPEC meeting in June, and that the market is still well supplied. Source: Qatar Oil Minister Denies Surprise in OPEC Meeting
105
« on: May 08, 2011, 05:24:10 am »
Latin America Market and Its Relation to the US in 2011Latin American stocks rallied strongly on Friday, after positive US jobs data eased fears about the health of global economy and commodity prices bounced back from their harsh sell-offs during the previous session. The MSCI Latin American index rose 1.4 per cent to 4,437, however it lost 4.3 per cent over the week. Brazil?s benchmark... Source: Latin America Market and Its Relation to the US in 2011
106
« on: May 07, 2011, 11:13:52 pm »
Week of Woes for Euro Behind, Uncertainty AheadThis week was really bad for the euro as an impressive rally of the previous weeks quickly turned into a sharp slide, reducing optimism of euro bulls and making them question sustainability of the current price level.(...)Read the rest of Week o... Source: Week of Woes for Euro Behind, Uncertainty Ahead
107
« on: May 07, 2011, 05:12:11 pm »
Could Greece Leave the Euro?The euro posted the biggest drop in a year after speculation that Greece may refuse using the shared 17-nation European countries renewed concerns for stability of the Eurozone.(...)Read the rest of Greece May Renounce Euro (86 words) Posted on Forex News.... Source: Could Greece Leave the Euro?
108
« on: May 07, 2011, 05:27:53 am »
ECB Denies Greece to Exit EuroEuropean nations may provide more aid to Greece, recipient of the first euro-area bailout, as it struggles to reduce a debt load that some investors say will lead to a restructuring. ?We think that Greece does need a further adjustment program,? Luxembourg Prime Minister Jean-Claude Juncker, who chairs the group of euro-area finance ministers, said after an unscheduled meeting of European Union officials last night in Luxembourg. ?This has to be discussed in detail? at this month?s gathering of finance chiefs. Source: ECB Denies Greece to Exit Euro
109
« on: May 06, 2011, 05:23:52 pm »
Positive Nonfarm Payrolls Give Dollar Basis for RallyThe&nbsp;US dollar was winner against most major currencies today as&nbsp;the&nbsp;non-farm payrolls showed that the&nbsp;employment growth accelerated last month, frustrating the&nbsp;analysts, who expected slower growth.(...)Read the rest of Positive Nonfarm Payrolls Give Dollar Basis for Rally (1... Source: Positive Nonfarm Payrolls Give Dollar Basis for Rally
110
« on: May 06, 2011, 05:22:49 am »
Yen Drops from 2 Months High on Possible BOJ InterventionThe yen fell from a seven-week high on concern Japan will intervene to curb recent gains that may hurt the competitiveness of the nation?s exporters. Japan?s currency also weakened versus the euro on speculation investors took advantage of the yen?s advance to a five-week high to sell it. The Australian dollar surged after the nation?s central bank said it will likely raise interest rates ?at some point.? The Dollar Index was near a one-week high before data that economists said will show U.S. job growth slowed in April. Oil headed for its biggest weekly decline in a year and Asian stocks slumped. Source: Yen Drops from 2 Months High on Possible BOJ Intervention
111
« on: May 05, 2011, 11:21:39 pm »
Silver Continues Free Fall after Comex New MeasuresThe biggest slump for silver since 1983 may not be over as the Comex exchange in New York makes it 84 percent more expensive for speculators to trade the metal, triggering an exit by investors. The minimum amount of cash that must be deposited when borrowing from brokers to trade silver futures will rise to $21,600 per contract after May 9, CME Group Ltd., Comex?s owner, said yesterday. That?s up from $11,745 two weeks ago. Open interest in futures has tumbled about 15 percent since the exchange began raising margin requirements on April 25. Source: Silver Continues Free Fall after Comex New Measures
112
« on: May 05, 2011, 11:21:32 am »
Russia to Delay Rate Hikes Despite Rising InflationRussia won?t speed up interest-rate increases after inflation accelerated last month as central bankers seek to avoid choking economic growth, economists said. The inflation rate climbed to 9.6 percent from 9.5 percent in March, matching the fastest pace since October 2009, a report showed yesterday. The central bank unexpectedly raised its main interest rates last week for a second time this year to rein in price growth. At 8.25 percent, the refinancing rate remains less than the inflation rate. The central bank and the government must strike a balance between fueling growth, the slowest among the so-called BRIC economies, and keeping inflation from sapping purchasing power and consumer confidence less than a year before parliamentary and presidential elections. Source: Russia to Delay Rate Hikes Despite Rising Inflation
113
« on: May 05, 2011, 05:00:06 am »
Food Prices Continue Uptrend on Inflation, OverpopulationWorld food prices rose to near a record high in April as grain costs advanced, adding pressure to inflation that is accelerating from Beijing to Brasilia and spurring central banks to raise interest rates. An index of 55 commodities rose to 232 points from a revised 231 points in March, the United Nations? Rome-based Food and Agriculture Organization said in a report on its website today. The gauge climbed to an all-time high of 237.2 in February before dropping 2.6 percent in March. Source: Food Prices Continue Uptrend on Inflation, Overpopulation
114
« on: May 04, 2011, 05:11:09 pm »
Bearish Day on Trading Markets: Gold, Silver Lead DeclineMarkets Down led by Metals drop U.S. Dollar Trading (USD) had a rare good day with profit taking on most markets sending the USD higher. The main catalyst was the sharp moves lower in Oil and Silver. Stocks we also mildly down and the safe haven USD and Yen benefitted from this. In US stocks, DJIA -0 points closing at 12807, S&amp;P -4 points closing at 1356 and NASDAQ -22 points closing at 2841. Looking ahead, April ADP Employment forecast at 198k vs. 201k previously. April ISM Services forecast at 57.4 vs. 57.3 previously. The Euro (EUR) found support in Europe after hitting day lows near 1.4750 but the market was unable to hold onto the bounce when US stocks turned south and commodity losses piled up. March PPI increased at 0.7% vs. 0.6% previously. Overall the EUR/USD traded with a low of 1.4755 and a high of 1.4891 before closing the day around 1.4815 in the New York session. Looking ahead, March Retail Sales forecast at 0.1% vs. -0.1% previously. The Japanese Yen (JPY) broke below Y81 but quickly found support as the two safe havens competed for strength yesterday. EUR/JPY moved below Y120 but the market remained close to the level with buyers still lurking. Overall the USD/JPY traded with a low of 80.68 and a high of 81.26 before closing the day around 80.95 in the New York session. The Sterling (GBP) was very weak after the sharp fall in April Factory PMI to 54.6 vs. 56.7 previously. Cable fell through 1.6500 on the back of this with EUR/GBP pushing above 0.9000. Overall the GBP/USD traded with a low of 1.6463 and a high of 1.6647 before closing the day at 1.6608 in the New York session. Looking ahead, April Construction PMI forecast at 55.5 vs. 56.4 previously. The Australian Dollar (AUD) was under heavy selling pressure with Silver and Oil pushing the commodity currency lower. The RBA held at 4.75% with the central bank still concerned about inflation but not indicating a rate hike was in the next couple of months. Overall the AUD/USD traded with a low of 1.0835 and a high of 1.0935 before closing the day at 1.0850 in the New York session. Oil &amp; Gold (XAU) the profit taking continued with traders selling into bounces. Overall trading with a low of USD$1527 and high of USD $1551 before ending the New York session at USD$1536 an ounce. Oil finally broke support and plummeted lower to $110 support. WTI Oil Closed -$2.47 at $111.05 a barrel. Source: Bearish Day on Trading Markets: Gold, Silver Lead Decline
115
« on: May 04, 2011, 05:25:17 am »
Hong Kong Stocks Plunge on China Measures to Curb Inflation « Live China NewsHong Kong stocks fell by the most in almost seven weeks on speculation China will further tighten monetary policy to tame inflation. Sands China Ltd. (1928), Asia?s No. 1 casino company by market value, dropped 3.1 percent after earnings by its Las Vegas-based parent missed analysts? estimates. Citic Resources Holdings Ltd. fell 9.7 percent, the biggest drop in two years, after the oil and coal producer said it plans to raise HK$2.5 billion ($322 million) by selling shares. ?You?ve got a slower-than-expected economy coupled with the stickiness of higher inflation, so people in the market are probably going to wait and see before the next consumer price index numbers come out,? said Michael Liang, chief investment officer at Foundation Asset Management (HK) Ltd., which oversees $120 million. ?People may be edgy that the CPI is going to hit a new high.? Source: Hong Kong Stocks Plunge on China Measures to Curb Inflation « Live China News
116
« on: May 03, 2011, 05:56:10 pm »
Oil Down After Bin Laden's Death, Economic Growth UncertainOil dropped for a second day in New York on signs growth in the U.S. economy may slow, while price swings intensified on concern the death of Osama bin Laden will lead to retaliatory attacks by terrorists. Futures fell as much as 0.7 percent after the Institute for Supply Management?s manufacturing index declined to the lowest in four months. U.S. crude stockpiles rose last week from the highest since November, according to a Bloomberg News survey before an Energy Department report tomorrow. Oil options volatility increased after the al-Qaeda leader was killed. Source: Oil Down After Bin Laden's Death, Economic Growth Uncertain
117
« on: May 03, 2011, 05:41:16 am »
Yuan Down after Touching Recent Record HighsThe yuan pulled back slightly against the dollar on Tuesday from a slew of recent record highs, as the People's Bank of China fixed a marginally weaker mid-point, signalling the central bank will stick to gradualism in reforming the country's currency regime. Source: Yuan Down after Touching Recent Record Highs
118
« on: May 02, 2011, 11:23:44 pm »
Bin Laden's Pulls Crude Oil DownOil prices slipped early Monday, as investors breathed a sigh of relief following news that U.S. forces had killed al-Qaeda leader Osama bin Laden. Crude for June delivery fell $2.07, or nearly 2%, to $111.86 a barrel in early morning trading. Source: Bin Laden's Pulls Crude Oil Down
119
« on: May 02, 2011, 11:30:14 am »
Euro Membership: A Sure Way for a Country Economic Demise?What on earth ever persuaded the Mediterranean members of the European Union to join the euro? The ?single European currency? is currently used by sixteen of the twenty-seven EU countries, but all the others except Denmark and the United Kingdom have expressed their intention to join, and most of them have specific target dates for doing it. Yet the euro nearly came undone last year, and it is still in serious danger for the long term. ?All the principles of the currency union have been sacrificed... All the stability rules are being broken to save the euro?, wrote the voice of German conservatism, the Frankfurter Allgemeine Zeitung, after massive EU bail-outs last year. ?How can that work out well? This presages... the failure of monetary union?. The EU and the IMF have been called to rescue the economies of Greece, Portugal and Ireland, and Spain may be next in line, although the Spaniards say they won?t need any external funds Source: Euro Membership: A Sure Way for a Country Economic Demise?
120
« on: April 26, 2011, 11:33:59 am »
Oil Drops From 3 Year HighOil fell, heading for the biggest decline in a week, as speculation that global supplies are sufficient prompted investors to sell contracts after yesterday?s rally to a 31-month high. Futures slid as much as 1 percent before a report that may show U.S. supplies rose for the seventh time in eight weeks. Saudi Arabia is not comfortable with prices and is committed to keeping aside a ?sizable cushion? of idle capacity, Saudi Aramco Chief Executive Officer Khalid al-Falih said in Seoul today. Oil also dropped as the dollar index strengthened, reducing the appeal of commodities priced in the U.S. currency. Source: Oil Drops From 3 Year High
121
« on: April 26, 2011, 05:22:58 am »
Swiss Bonds Demand Climbs as Banks Leave Dollar AssetsAfter a 24-year hiatus, Indian companies are poised to raise almost $1 billion of Swiss franc- denominated bonds, about a quarter of total overseas borrowing in 2011, as demand rises among European investors. State-owned IDBI Bank Ltd. (IDBI) will meet Swiss investors next month in its bid to become the fourth Indian issuer this year to borrow in francs, according to data compiled by Bloomberg. Union Bank of India?s 3.375 percent franc bonds due August 2015 yield 109 basis points more than debt of similar maturities and ratings sold by Jona, Switzerland-based Holcim Ltd., the world?s second-biggest cement maker. Source: Swiss Bonds Demand Climbs as Banks Leave Dollar Assets
122
« on: April 24, 2011, 11:06:04 am »
Asia Central Banks Intervene After Regional Currency RallyCentral banks in South Korea, Thailand and Malaysia intervened Wednesday to slow a surge in their currencies in a broad Asian rally that carried the Singapore and Australian dollars to fresh highs against the U.S. currency. Source: Asia Central Banks Intervene After Regional Currency Rally
123
« on: April 23, 2011, 11:04:17 pm »
Dollar Near 10 Year Low Versus Key-CurrenciesCurrent struggles to finally leave the financial crisis behind have been acting as a break on the values of major currencies. This situation has been exploited by the developing countries, with many of them in a much stronger economic position and their currencies now reaching 10-year highs against the US dollar. Here, Benzinga lists 9 currencies currently racing against the US dollar. Source: Dollar Near 10 Year Low Versus Key-Currencies
124
« on: April 23, 2011, 05:00:39 pm »
Gold and Silver to Touch Even Higher Levels in 2011The midweek session in the markets was off to anything but a quiet start this morning as a massive display of risk appetite took center stage and pushed the US dollar back to under the 75.00 mark on the trade-weighted index overnight. That drop set the stage for the remainder of the events that followed in other assets and their related markets. More detail on all of that, follows below. Source: Gold and Silver to Touch Even Higher Levels in 2011
125
« on: April 23, 2011, 05:01:43 am »
Oil Climbs in North America as Dollar Loses ValueHeating oil advanced after an industry-funded report showed U.S. supplies of distillates fell last week and equities gained while the dollar weakened. Heating oil gained after the American Petroleum Institute said yesterday that supplies of distillates, including heating oil and diesel, fell 3.36 million barrels last week. U.S. stocks rose as Intel Corp. forecast higher earnings. The U.S. currency slipped to a 15-month low against the euro, increasing the investment appeal of dollar-denominated commodities. Source: Oil Climbs in North America as Dollar Loses Value
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