Forex News
Jun 23 2007, 20:00 - 0 Comments
According to the Economic Forum on East Asia last Sunday, there will be an economic chaos that will arise in the international financing system that the international community faces a real risk of.
The delegates in the 2 day forums were told that the feeling of complacency in the uninterrupted global growth has already set in after several years and there are no proof’s suggesting there are self correcting mechanisms that can take place to prevent this major shock in the global financial systems.
The Singaporean Second Minister for Finance, Tharman Shanmugaratman already warned that the financial contagion will hit as least expected and this will bring a vicious consequence
According to Shanmugaratman "You cannot predict when it will come.
Jun 23 2007, 20:00 - 0 Comments
In a new charter in the European Union a deal has paved the way for national division, dominating the bloc.
Angela Merkel, she is a German Chancellor leads a marathon talk with the EU leaders, in an early Saturday morning making a pact for each countries with an extent for concessions.
The threatening of a veto by Poland is the main problem to an agreement.
Jun 23 2007, 14:00 - 0 Comments
The euro and British pound is higher to the US dollar last Friday ahead of a week loaded with economic data, the yen weakens to a 4 ½ year low against the US dollar.
Jun 23 2007, 07:00 - 0 Comments
This is the major events on business and economics, planned to be carry out this week.
Jun 23 2007, 05:00 - 0 Comments
The Bank of Mexico warned that inflation risk will further increase thus resulting to a weaker Mexican peso against the US dollar last Friday, the central bank loan rate was still the same, and this was the straight 2nd month.
The Mexican peso was closing at MXN10.8385 to US dollar comparing in the MXN10.8205 which was last Friday and on Thursday closing it is MXN10.7970.
The Bank of Mexico keep its overnight rate because of the monthly monetary policy decision at 7.25% but repeated its tight bias in a warning it will only take action if the inflation goal is compromised.
On 2008 the consumer price index will need to be closed to its target aim of 3% as a reaffirmation on the expectation in the yearly inflation, the bank said, but with the risk in that goal are the higher grains prices pressure and other food products just the previous month.
The past month was very hawkish considering the statements of the report as told by Credit Suisse, the central bank “has it’s finger on trigger”
Last April, with the 25-basis-point hike move of the central at the overnight rates, it surprised the market; it was to warn the pressures in inflation.
The 10-year government bond yields that is due on 2015 has increased the 8 basis points to 7.74% in the local debt market, thus the 8-basis point in the 20-year yields had rise to 7.73%.
The data in the first half of June about the inflation will be released by the Bank of Mexico at 3:30 p.m.
Jun 23 2007, 03:00 - 0 Comments
The income growth in Honolulu islands falls down in the national average despite the fact that there is a strong growth over the years.
Jun 22 2007, 16:00 - 0 Comments
The Colombia Peso grew strong in the Fitch Ratings last Thursday when they upgrade the sovereign rating to double-B-plus in the country.
Jun 22 2007, 11:00 - 0 Comments
The private equity firms will most likely motivate players to remain private because of the fear of increasing tax rates.
