american express

GOOGLE , ORACLE YRGE U.,S TI OPPOSE CHINESE CENSORSHIP ( UPDATE )

2009-07-11T20:57:00.001-07:00

JANE BRYANT QUINNJOHN DORFMANPORTFOLIO TRACKERCALCULATORSFINANCIAL GLOSSARY
Bloomberg
Bloomberg Anywhere
Updated: New York, Jun 12 23:34
London, Jun 13 04:34
Tokyo, Jun 13 12:34
Search
Symbol Lookup

HomeNewsMarket DataPersonal FinanceTV and Radio
Feedback
Popular:
PoliticsExclusiveMadoffIndustriesCurrenciesETFsDine & DealC-Suite
News

* Exclusive
* Worldwide
* Regions
* Africa
* Asia
* Australia & New Zealand
* Canada
* China
* Eastern Europe
* Europe
* France
* Germany
* India & Pakistan
* Italy
* Japan
* Latin America
* Middle East
* U.K. & Ireland
* U.S.
* Markets
* Industries
* Economy
* Politics
* Law
* Environment
* Science
* Opinion
* Spend
* Sports
* Arts and Culture
* Editors' Video Picks
* Bloomberg Markets Magazine
* Special Report

RESOURCES

* Bloomberg TV
* Bloomberg Radio
* Bloomberg Podcasts
* Bloomberg Press

More News
•
Dow Average Erases 2009 Loss as Bank of America Rallies; Treasuries Climb

•
Consumer Sentiment in U.S. Rises a Fourth Month; Import Prices Gain on Oil

•
Citigroup Investment Pays Taxpayers Triple Return of Standard & Poor's 500

Google, Oracle Urge U.S. to Oppose Chinese Censorship (Update1)
Share | Email | Print | A A A

By Mark Drajem and Todd Shields

June 12 (Bloomberg) -- A group representing computer and software companies including Google Inc. and Oracle Corp. petitioned the U.S. government to add the topic of online censorship to a trade summit with China, the world's biggest Internet market.

If the Obama administration acts on the industry petition, it may be the first time China's censorship policies would be discussed as part of trade negotiations between the nations.

"By engaging in Internet censorship, the Chinese government is creating a hostile market environment and preventing its citizens from fully utilizing new products and services provided by U.S. high-tech companies," the Computer & Communications Industry Association said in the petition today.

The industry group also criticized plans by China to require all personal computers, or PCs, to include software to block Internet pornography and other "unhealthy" content.

"If imported PCs are required to preinstall censorship software that some believe may cause operational problems for the PCs, that could constitute discriminatory treatment," the group said in the filing.

The association asked the U.S. Trade Representative's office to press China on these restrictions during this year's annual Joint Commission on Commerce and Trade summit. In previous years the U.S. and China have negotiated subsidies to the steel industry, China's non-market economy status in the U.S., curbs on U.S. meat exports to China and the piracy of copyrighted and patented goods in China.

Trade Tensions

The request from the group, which also represents Microsoft Corp. and Yahoo Inc. shows how trade tensions between the U.S. and China may grow as their commercial relations broaden and the effects of the global economic recession linger.

China ran up a record $266 billion trade surplus with the U.S. last year, and has passed Canada to become the largest single source of imports into the U.S. That trade gap has prompted complaints from Democratic lawmakers, unions and small manufacturers that Chinese products are benefiting from unfair subsidies, an undervalued currency and low-cost bank loans.

NOTE: that trade gap has prompted complaints from decromatic lawmarkers.

Technology companies want a dialogue about the restrictions the Chinese government imposes on Internet use.

Twitter Inc.'s social-networking service and Microsoft's Bing.com search engine were inaccessible in China in the week preceding June 4, the 20th anniversary of the Tiananmen Square crackdown on pro-democracy demonstrators. China ranks first worldwide in online censorship, according to Herdict.org, a project of the Berkman Center at Harvard, which compiles reports of Web outages.

To contact the reporter on this story: Mark Drajem in Washington at mdrajem@bloomberg.net; Todd Shields in Washington at tshields3@bloomberg.net.
Last Updated: June 12, 2009 14:09 EDT

* Delicious
* Digg
* Facebook
* LinkedIn
* Newsvine
* Propeller
* Yahoo! Buzz

Advertisement: Get a risk-free $50,000 practice trading account at FOREX.com

Sponsored links

Bloomberg.comNEWS | MARKET DATA | PERSONAL FINANCE | TV AND RADIO | ABOUT BLOOMBERG | CAREERS | CONTACT US | LOG IN/REGISTER
Terms of Service | Privacy Policy | Trademarks | Site Map | Help | Feedback | Advertising | 日本語サイト
Open Web Site

AUTRALIA DOLLAR UP LATE, SPURRED ON BY BETTER ECON DATA

2009-07-10T20:33:00.001-07:00

*
*
*
*
*
*
* More
o SmartMoney.com
o BigCharts
o Virtual Stock Exchange
o All Things D
o Barron's
o Financial News Online
o FiLife.com
o WSJ Portuguese
o WSJ Spanish

SEARCH

* Friday, June 12, 2009 As of 2:49 PM (GMT +8 hours)
Business
o Welcome, Logout
o
+ My Account
+ My Journal
+ Help
+ Message Center ( new)

*
Asia Edition

WSJ.com is available in the following editions and languages:
o U.S.
o Asia
+ India
+ China
o Europe
o Americas
+ en Español
+ em Português
o Login/Register to set your edition
o Set my edition
o Today's Paper
o Video
o Columns
o Blogs
o Topics
o Journal Community

Register for FREE
Register for FREE

Thank you for registering.

We sent an email to:

Please click on the link inside the email to complete your registration

Please register to gain free access to WSJ tools.

An account already exists for the email address entered.

Forgot your username or password?

This service is temporary unavailable due to system maintenance. Please try again later.

The username entered is already associated with
another account. Please enter a different username

The email address you have entered is already in use.
Please re-enter the email address.
o
First Name
o
Last Name
o
Email (your email address will be your login user name)
o
Confirm Email
o
Create a Password
o
Confirm Password

Send me information about more WSJ features

Create a profile for me in the Journal Community

Why Register?

Privacy Policy | Terms & Conditions

As a registered user of The Wall Street Journal Online, you will be able to:
o

Setup and manage your portfolio
o

Personalize your own news page
o

Receive and manage newsletters
Log In
Log In
Log In
Password
Log in
Your Log in is either a username or an email address.

Keep me logged in. Forgot your password?

close window Close

* Home
* World
* Business
* Markets
* Market Data
* Tech
* Life & Style
* Opinion
*
expand More
o Careers
o Real Estate
o Small Business
o Personal Finance

* Asia
* Asia 200
* Europe
* Economy
* Energy
* Management
* Managing in Asia
* Media & Marketing
*
expand More Industries

up down
o Accounting
o Advertising
o Airlines
o Autos
o Banking
o Chemicals
o Computer Hardware
o Computer Software
o Consumer Products
o Defense & Aerospace
o Entertainment
o Financial Services & Insurance
o Food & Tobacco
o Health
o Hospitality
o Industrial Goods & Services
o Internet
o Law
o Marketing & Strategy
o Media
o Metals & Mining
o Paper & Forest Products
o Pharmaceutical & Biotech
o Real Estate
o Retail
o Semiconductors
o Transportation
o Telecommunications
o Utilities
* Columns & Blogs
*

* JUNE 12, 2009, 2:49 A.M. ET

Australia Dollar Up Late, Spurred On By Better Econ Data

* Article

* Email
* Printer
Friendly
* Share:

Yahoo Buzz ↓ More
o facebook
o MySpace
o LinkedIn
o Digg
o del.icio.us
o NewsVine
o StumbleUpon
o Mixx
* smaller Text larger

Rates At 0625 GMT
Latest Change
AUD/USD 0.8146 +0.5%
AUD/JPY 79.88 +0.6%
5.75% Apr, 2012 4.455% -0.062
5.25% Mar, 2019 5.555% -0.047
10-Yr Spread To U.S. +187 bps +7 bps
SFE Jun 3-Year Futures 95.59 +0.08
SFE Jun 10-Year Futures 94.465 +0.055

SYDNEY (Dow Jones)--The Australian dollar was stronger but off its heady peak late Friday as a confidence-driven run up in risk appetite was tempered by some profit taking.

Economic data, both domestic and offshore, have been broadly supportive of the Australian dollar this week.

In the offshore session, U.S. jobless claims fell while an advanced reading of retail sales showed strength in the U.S. sector, shoring up expectations about a recovery in global economic growth.

At 0625 GMT, the Australian dollar was quoted at US$0.8146 from US$0.8106 late Thursday. It hit a peak of US$0.8235 in the offshore session. Against the Japanese yen, it was at Y79.88 from Y79.42.

RBC Capital Markets Senior Currency Strategist Sue Trinh said a number of large trades in the Asian session have checked the advance of the high-yielding currencies.

"Kiwi and Aussie are the underperformers after being the outperformers yesterday," Trinh said.

She said the currency has struggled to hold above the psychologically important US$0.8200 mark.

The break of US$0.8170 in the Asian session suggests it could drop back down toward US$0.8000 in European and U.S. trade, Trinh said.

A potential driver for currency markets remains the Group of Eight summit in Italy this weekend.

Market participants are tuned in for any comments from policy makers at the summit about the recent weakness of the U.S. dollar.

"There's always speculation that these officials are going to try and talk the U.S. dollar higher because they don't like their own currencies being too strong but I'm doubtful they will," Trinh said.

Westpac strategists said news that the Commonwealth Bank of Australia has lifted its standard variable rate by 10 basis points on the back of higher funding costs weighed on the currency slightly.

"This has seen market interest rates fall as the market speculates whether this will prompt further Reserve Bank of Australia interest rate cuts," Westpac said.

Meanwhile, Australian bond futures have clawed back some of their losses from Thursday's trade with the three- to 10-year bond yield spread steepening slightly again to 112.5 basis points.

Commonwealth Bank of Australia Debt Strategist Jarrod Kerr said bond futures have tracked a rebound in U.S. Treasurys, which have been sought after yields hit fresh highs, making them particularly attractive for bargain-hunting investors.

NOTE: the australia bond in a future that have clawed back some of their losses from thur's day.

But he expects the three- to 10-year yield spread will widen again and suggests entering steepener trades if the spread falls back below 110 basis points.

June three-year bond futures rose eight ticks to 95.59 while 10-year futures rose 5.5 ticks to 94.465.

"I think the selloff in the front end has been a little too aggressive," Kerr said.

"Even though we've got a much more upbeat central bank governor and we will see more talk on how Australia's likely to outperform, I don't think the Reserve Bank of Australia is going to deliver on the rates hikes the market is pricing in over the next year."

-By Sam Holmes, Dow Jones Newswires;
61-2-8272-4686; samuel.holmes@dowjones.com
-
(Data provided by Reuters)

* Email
* Printer Friendly
* Order Reprints
*
*
Share:
o

Yahoo! Buzz
Yahoo Buzz
o

facebook
facebook
o

MySpace
MySpace
o

LinkedIn
LinkedIn
o

Digg
Digg
o

del.icio.us
del.icio.us
o

NewsVine
NewsVine
o

StumbleUpon
StumbleUpon
o

Mixx
Mixx
*

Editors' Picks

* previous
*
* next

* [WK-AQ118_tourju_C_20090610161735.jpg]
My Summer Music Tour
* [WK-AQ089_COVER__C_20090610151359.jpg]
Central Park Zoo Welcomes New Snow Leopards
* [0610bags04]
A New Look at the Bag Scourge
* [Fifth-graders learn about healthy eating habits. While some diseaseprevention programs work, others aren't cost-effective, studies find.]
Disease Prevention Provides No Cure-All
* [ronaldo contract and manchester united and real madrid]
Manchester United Accepts Ronaldo Bid
* [sri lanka police security]
Sri Lanka Begins Painful Reconciliation
* [Quakes]
Temblors Rattle Texas Town
* [Russian Prime Minister Vladimir Putin attends a meeting with Cabinet officials in Moscow on May 25.]
Russians Outfox U.S. in Latest Great Game
* [LeBron James]
Shaking the Hand That Defeats You
* [Iran's Contenders Court Women Voters]
Iranian Contenders Court Women Voters
* [dave matthews band]
Big Legacy for Dave Matthews Band
*

Subscriber Content Read Preview
[recession and strip clubs]
Strip Clubs Pare Upscale Offerings
* [Market Downturn Hit Lawmakers]
Market Downturn Hit Lawmakers
* [greg lemond lance armstrong]
Feud Sends Cycling World Spinning
* [The Infomercial Comes to Life in India's Remotest Villages]
Rural Advertising Comes to Life in India

* back to top
*
WSJ.com Account:
o My Account
o Subscriber Billing Info
Create an Account:
o Register for Free
o Subscribe Now
Help & Information Center:
o Help
o Customer Service
o Contact Us
o New on WSJ.com
o Tour the new Journal
*
About:
o News Licensing
o Advertising
o Conferences
o About Dow Jones
o Privacy Policy - Updated
o Subscriber Agreement & Terms of Use - Updated
o Copyright Policy
o Jobs at WSJ.com
o Future Leadership Program
*
WSJ.com:
o Site Map
o Home
o World
o U.S.
o Business
o Markets
o Market Data
o Tech
o Personal Finance
o Life & Style
o Opinion
o Autos
o Careers
o Real Estate
o Small Business
o Corrections
*
Tools & Formats
o Today's Paper
o Video Center
o Graphics
o Columns
o Blogs
o Alerts
o Newsletters
o Mobile
o Podcasts
o RSS Feeds
o Journal Community
+ - Message Center
o Forums
o My Journal
*
The Wall Street JournalDigital Network
o WSJ.com
o Marketwatch.com
o Barrons.com
o SmartMoney.com
o AllThingsD.com
o FiLife.com
o BigCharts.com
o Far Eastern Economic Review
o Virtual Stock Exchange
o WSJ U.S. Edition
o WSJ Asia Edition
o WSJ Europe Edition
o WSJ India Page
o
Foreign language editions:
o WSJ Chinese
o WSJ Portuguese
o WSJ Spanish

ACAP Enabled Copyright ©2009 Dow Jones & Company, Inc. All Rights Reserved

U,S STOCKS DECLINE MODESTLY ON STRONG DOLLAR , WEAK COMMODITIES

2009-07-09T18:55:00.001-07:00

*
*
*
*
*
*
* More
o SmartMoney.com
o BigCharts
o Virtual Stock Exchange
o All Things D
o Barron's
o Financial News Online
o FiLife.com
o WSJ Portuguese
o WSJ Spanish

SEARCH

* Friday, June 12, 2009 As of 11:32 PM (GMT +8 hours)
Business
o Welcome, Logout
o
+ My Account
+ My Journal
+ Help
+ Message Center ( new)

*
Asia Edition

WSJ.com is available in the following editions and languages:
o U.S.
o Asia
+ India
+ China
o Europe
o Americas
+ en Español
+ em Português
o Login/Register to set your edition
o Set my edition
o Today's Paper
o Video
o Columns
o Blogs
o Topics
o Journal Community

Register for FREE
Register for FREE

Thank you for registering.

We sent an email to:

Please click on the link inside the email to complete your registration

Please register to gain free access to WSJ tools.

An account already exists for the email address entered.

Forgot your username or password?

This service is temporary unavailable due to system maintenance. Please try again later.

The username entered is already associated with
another account. Please enter a different username

The email address you have entered is already in use.
Please re-enter the email address.
o
First Name
o
Last Name
o
Email (your email address will be your login user name)
o
Confirm Email
o
Create a Password
o
Confirm Password

Send me information about more WSJ features

Create a profile for me in the Journal Community

Why Register?

Privacy Policy | Terms & Conditions

As a registered user of The Wall Street Journal Online, you will be able to:
o

Setup and manage your portfolio
o

Personalize your own news page
o

Receive and manage newsletters
Log In
Log In
Log In
Password
Log in
Your Log in is either a username or an email address.

Keep me logged in. Forgot your password?

close window Close

* Home
* World
* Business
* Markets
* Market Data
* Tech
* Life & Style
* Opinion
*
expand More
o Careers
o Real Estate
o Small Business
o Personal Finance

* Asia
* Asia 200
* Europe
* Economy
* Energy
* Management
* Managing in Asia
* Media & Marketing
*
expand More Industries

up down
o Accounting
o Advertising
o Airlines
o Autos
o Banking
o Chemicals
o Computer Hardware
o Computer Software
o Consumer Products
o Defense & Aerospace
o Entertainment
o Financial Services & Insurance
o Food & Tobacco
o Health
o Hospitality
o Industrial Goods & Services
o Internet
o Law
o Marketing & Strategy
o Media
o Metals & Mining
o Paper & Forest Products
o Pharmaceutical & Biotech
o Real Estate
o Retail
o Semiconductors
o Transportation
o Telecommunications
o Utilities
* Columns & Blogs
*

* JUNE 12, 2009, 11:32 A.M. ET

US Stocks Decline Modestly On Strong Dollar, Weak Commodities

* Article

* Email
* Printer
Friendly
* Share:

Yahoo Buzz ↓ More
o facebook
o MySpace
o LinkedIn
o Digg
o del.icio.us
o NewsVine
o StumbleUpon
o Mixx
* smaller Text larger

By Peter A. McKay

Investors' simmering concerns about the U.S. government's finances led Friday to a stronger dollar, weaker commodity prices, and a modest stock-market slide.

The Dow Jones Industrial Average was down 11 points in recent trading. The Nasdaq Composite Index was recently off 1.2%. The S&P 500 fell 0.5%, hurt by declines of more than 1% each in its energy and basic-materials categories.

Treasurys prices climbed despite a report in The Wall Street Journal that the Federal Reserve is unlikely to significantly boost its purchases of Treasury and mortgage-backed paper when its rate committee meets June 23 and 24.

The news followed recent auctions of 10-year and 30-year Treasury debt that sent mixed messages about the level of demand for the tidal wave of paper the government is due to issue the next few years to fund its efforts to prop up the sagging U.S. economy.

A go-slow approach by the Fed would essentially be aimed at using that uptick in borrowing costs to stave off inflation, though skeptics on Wall Street believe the central bank could inadvertently choke off a recovery if it acts too soon. That debate carries heavy implications for every form of investment that changes hands on the world's trading floors.

"You can see right now, we're at this interesting fork in the road," said Paresh Upadhyaya, currency portfolio manager at Putnam Investments, which has bet against both the dollar and the euro because of the lingering weakness in those denominations' home economies.

"I just don't buy this inflation argument at all," Upadhyaya said. "The only reason I think we've seen Treasury yields drift higher is because of the increased supply we've already seen."

The direction of rates is vital to currency-focused managers because it affects how much return they can make by borrowing in one country's currency and lending the money out in loans denominated in another country's money.

On Friday, the dollar rallied on hopes that the Fed would essentially be protecting the greenback's value by refraining from Treasury purchases that would drive rates down. The U.S. Dollar Index was recently up 0.7%.

Currency traders also placed bets on possible outcomes from the meeting of the Group of Eight finance ministers in Italy starting Friday.

The dollar's rally pushed down the prices of raw materials traded globally in dollar terms. Oil futures, which have been hitting new 2009 highs in recent sessions, were down 63 cents to $72.05 a barrel in New York. The broad Dow Jones-UBS Commodity Index was off 1.3%.

Major commodity producers suffered as well. Alcoa was down 2.8%. U.S. Steel fell 5.3%. Chevron was down 0.6%.

Homebuilders also fell, reflecting a concern that a Fed that is newly hawkish on inflation could makes it more difficult for prospective home buyers to get mortgages. An ETF on the S&P's builders was down 2%. Among individual builders, KB Home was off 2.7%, Pulte Homes was down 1.4%, and Toll Brothers was off 1.7%.

The two-year note was recently unchanged, yielding 1.325%. The 10-year note gained 10/32 to yield 3.825%.

In economic news Friday, the government reported that import prices rose for a third straight month in May. Still, they were down 17.6% compared to May 2008, the largest one-year decline since the index was first published in 1982. While petroleum import prices rose 8.3% in May from April, they were down 51.4% on the year.

NOTE: the economic neews , the goverment reported that imoport price rose for a third straigh month in may.

Overseas, Asian shares ended mostly higher, led by Japanese stocks. Japan's Nikkei 225 rose 1.6%, making it back over the 10000 mark to touch an eight-month high, while South Korea's Kospi Composite gained 0.7%.

In Europe, stock markets fell modestly after dismal industrial production data fueled renewed concerns about the length and depth of the recession. The FTSE 100 Index fell 0.4%.

* Email
* Printer Friendly
* Order Reprints
*
*
Share:
o

Yahoo! Buzz
Yahoo Buzz
o

facebook
facebook
o

MySpace
MySpace
o

LinkedIn
LinkedIn
o

Digg
Digg
o

del.icio.us
del.icio.us
o

NewsVine
NewsVine
o

StumbleUpon
StumbleUpon
o

Mixx
Mixx
*

Editors' Picks

* previous
*
* next

* [WK-AQ118_tourju_C_20090610161735.jpg]
My Summer Music Tour
* [0610bags04]
A New Look at the Bag Scourge
* [ronaldo contract and manchester united and real madrid]
Manchester United Accepts Ronaldo Bid
* [sri lanka police security]
Sri Lanka Begins Painful Reconciliation
* [WK-AQ130_book_m_C_20090610170527.jpg]
Delighting in Dust Bunnies
* [Quakes]
Temblors Rattle Texas Town
* [WK-AQ070_pianis_C_20090611132752.jpg]
Blazing a New Path in Classical Music
* [Russian Prime Minister Vladimir Putin attends a meeting with Cabinet officials in Moscow on May 25.]
Russians Outfox U.S. in Latest Great Game
* [LeBron James]
Shaking the Hand That Defeats You
* [Iran's Contenders Court Women Voters]
Iranian Contenders Court Women Voters
* [dave matthews band]
Big Legacy for Dave Matthews Band
*

Subscriber Content Read Preview
[recession and strip clubs]
Strip Clubs Pare Upscale Offerings
* [Market Downturn Hit Lawmakers]
Market Downturn Hit Lawmakers
* [greg lemond lance armstrong]
Feud Sends Cycling World Spinning
* [The Infomercial Comes to Life in India's Remotest Villages]
Rural Advertising Comes to Life in India

* back to top
*
WSJ.com Account:
o My Account
o Subscriber Billing Info
Create an Account:
o Register for Free
o Subscribe Now
Help & Information Center:
o Help
o Customer Service
o Contact Us
o New on WSJ.com
o Tour the new Journal
*
About:
o News Licensing
o Advertising
o Conferences
o About Dow Jones
o Privacy Policy - Updated
o Subscriber Agreement & Terms of Use - Updated
o Copyright Policy
o Jobs at WSJ.com
o Future Leadership Program
*
WSJ.com:
o Site Map
o Home
o World
o U.S.
o Business
o Markets
o Market Data
o Tech
o Personal Finance
o Life & Style
o Opinion
o Autos
o Careers
o Real Estate
o Small Business
o Corrections
*
Tools & Formats
o Today's Paper
o Video Center
o Graphics
o Columns
o Blogs
o Alerts
o Newsletters
o Mobile
o Podcasts
o RSS Feeds
o Journal Community
+ - Message Center
o Forums
o My Journal
*
The Wall Street JournalDigital Network
o WSJ.com
o Marketwatch.com
o Barrons.com
o SmartMoney.com
o AllThingsD.com
o FiLife.com
o BigCharts.com
o Far Eastern Economic Review
o Virtual Stock Exchange
o WSJ U.S. Edition
o WSJ Asia Edition
o WSJ Europe Edition
o WSJ India Page
o
Foreign language editions:
o WSJ Chinese
o WSJ Portuguese
o WSJ Spanish

ACAP Enabled Copyright ©2009 Dow Jones & Company, Inc. All Rights Reserved

CURRENCY , OIL SILVRE ANALYSIS AND CHARTS .

2009-07-08T18:18:00.001-07:00

Contests Search Login Register
fxtrendtrader

* Home
* Signals
o Signal Types
o Signup for Free
o Premium Membership
o Performance
+ News Trading System
+ Forexrazor SMS Signals
+ Free Forex Signals
o Live Trade Schedule
o Open Trades
* Calendar
* Reviews
o Forex Broker Reviews
o Forex Signals Reviews
o Forex Education Reviews
o Forex Software Reviews
o Forex Forums Reviews
o Forex News Reviews
o Forex Portals Reviews
o Forex Book Reviews
o Data Provider Reviews
o Managed Forex Reviews
* Tools
o Resources
+ Market Data
+ Commitment of Traders
+ Pivot Point Levels
+ Pivot Point Calculator
+ Swiss FX Sentiment Index
+ Forex Strength Calculator
+ Fibonacci Calculator
+ Forex Pip Calculator
+ Currency Converter
+ Current Interest Rates
+ Forex Margin Calculator
+ Market Quotes
+ Earnings Calendar
o Charts
+ Free US Indices Charts
+ Free Asian Indices Charts
+ Free Forex Charts
+ Free Europe Indices Charts
+ Free Commodities Charts
o Software Repository
o Free Videos
o Broker Assistance
* Analysis
o Editor Picks
o Current
o Pairs
+ EUR/USD Opinions
+ GBP/USD Opinions
+ USD/CAD Opinions
+ USD/JPY Opinions
+ USD/CHF Opinions
+ AUD/USD Opinions
+ NZD/USD Opinions
o ForexRazor
o Web Feed
o Fundamentals
o Commitment of Traders
* News
o Top News
o Current
* Forum
* Chat
* Store & Rebates
o Affiliate Program

ForexMetal LeaderBoard
Advertise Here

* << Back
* Analysis
* by Category
* News
* Pairs
* Charts
* ForexRazor
* Search
* Bloomberg

Editor Picks Current Authors Web Feed
EUR/USD Opinions GBP/USD Opinions USD/JPY Opinions USD/CHF Opinions USD/CAD Opinions AUD/USD Opinions NZD/USD Opinions Forexrazor Fundamentals Commitment of Traders Crosses & Minors U.S. Dollar Commodities Stock Market Treasuries/Debt China
Most Useful Current by Source
Analysis News
Market DataBloomberg TV
Forex Analysis
12
Currency, Oil, Silver Analysis and Charts
Anna Coulling @ 9:57 AM, Friday June 12 2009 Article Rating

Euro vs Dollar - Daily Eurodollar Chart 12th June 2009

Eurodollar - EUR vs USD Daily Chart 12th June 2009

Eurodollar - EUR vs USD Daily Chart 12th June 2009

One of the questions I am often asked is at what point dollar strength will return to the market, accompanied by a weakening of the Euro as many traders, analysts and economists are confused with the current technical picture given the dire stream of fundamental news on the economic calendar for Europe. Recent examples include the German GDP figures and this morning's Industrial Production figures which plunged to a new record low, falling by 22% across the Eurozone. By any standards we should have expected a significant rally in the US dollar as a result of such poor figures and yet the Euro continues to maintain its upwards path, and one can only assume that this is fuelled on sentiment rather than fact, but also largely helped by the US Fed who promote the sale of dollars at every opportunity. This was evidenced once again by Dennis Lockhart's remarks that the "USD role as reserve currency may decline; not made up mind yet to increase Treasury purchases" If and until this anti dollar rhetoric changes it is unlikely that we will see any dollar strength return. As currency traders we need to be aware of this as the impact on the forex market cannot be ignored making trading this pair extremely difficult. This dollar weakness rhetoric also spills over into the energy complex and commodities, and until oil prices reverse dramatically then this imbalance will continue unabated.

Technically the eurodollar pair continue to grind their way upwards with a series of closing prices which are each marginally higher than the previous day, with yesterday's candle managing to break and hold above both the 9 and 14 day moving averages. However, this is hardly a convincing trading signal and with the G8 and G20 meetings currently ongoing further sideways consolidation seems inevitable and may even continue into next week if no significant news is forthcoming from these meetings. My trading suggestion is therefore to stay out today and wait until Monday when the market will have had an opportunity to absorb any announcements, and indeed there may be some reaction when the market opens on Sunday night.

Dollars To Pounds - GBP/USD Daily Chart 12th June 2009

Dollars To Pounds - GBP/USD Daily Forex Chart 12th June 2009

Dollars To Pounds - GBP/USD Daily Forex Chart 12th June 2009

Yesterday's wide spread up bar added further momentum to the already bullish British Pound as it continued its meteoric rise from the ashes of earlier in the year, fuelled by anti US dollar rhetoric from the US administration and unhelpful comments from FMOC such as Dennis Flockhart. The pounds to dollars candle closed well above all three moving averages and holding above the minor support level created during last week's turbulence during the political uncertainty in the UK. With further dollar weakness likely it seems that our initial target of 1.6725 has appeared on the horizon sooner rather than later, and any reversal, as we have seen in this morning's trading, may well be the market taking a breather as participants take their profits off the table, before continuing to push Cable higher. Currency markets this morning have exhibited a degree of instability and volatility owing to the G8 and G20 meetings in Italy and Germany respectively which are now running over the next couple of days and any accidental or scripted comments will be closely analysed for any hidden clues as to future monetary policy. The above meetings overshadow the economic news on the economic calendar, which is generally minor, and will have little impact given the significance of these meetings.

NOTE: the currency markets this morning have exhibited adegree of instablity and volatility owing to the G8 and G20 meeting in italy and germany respectively witch are now running over the next coulpe of days and any accidental.

USD/JPY - US Dollar vs Japanese Yen 12th June 2009
US Dollar vs Japanese Yen - USD/JPY Daily Candle Chart 12th June 2009

US Dollar vs Japanese Yen - USD/JPY Daily Candle Chart 12th June 2009

An exciting week on the dollar yen chart, starting with a spinning top on Monday, down bar Tuesday, up bar Wednesday, down bar Thursday and an up bar today - metronomic, lethargic and impossible to trade as the Fed and BOJ slug it out. Like two overweight, punch drunk heavyweight fighters these two leviathans of the currency market are now trading blows in an attempt to force their respective currencies to the bottom. For this reason there is no clear bias to the dollar vs yen and you trade this pair at your peril given that the fundamental news on the economic calendar for both the US and Japan is equally dire. Unless and until there is a knockout by one or the other my suggestion is to stay OUT.
USD vs CAD - US Dollar to Canadian Dollar 12th June 2009
USD to CAD - Daily Chart For The USD/CAD 12th June 2009

USD to CAD - Daily Chart For The USD/CAD 12th June 2009

The dollar to cad continued to consolidate yesterday ending the day on a narrow spread up bar with a small lower wick which found some support in the 1.0950 region which aligned closely with the previous lows of the last few days, and closing marginally below the 9 day moving average. It is interesting to note that these two averages are now converging and indeed about to cross, suggesting that we may see a short squeeze in this pair once again, a pattern which has emerged in early trading today. Whether this will convert into a longer term reversal or is simply as a result of some dollar strength temporarily returning to the market, only time will tell. With constant negative sentiment emanating from the US administration and, in particular, from Fed Members such as Dennis Lockhart, a sustained rally in the US dollar is extremely unlikely until this anti dollar rhetoric ceases. With the G8 and G20 meetings now in progress in Italy and Germany respectively, and with the weekend ahead, now is not the time to be trading on such an uncertain and volatile day. My suggestion is therefore to wait until early next week before entering the market which, by then, will have had a chance to absorb any news from these meeting.
Crude Oil Price - Daily WTI Oil Chart 12th June 2009
WTI Daily Oil Price Chart - Oil Prices 12th June 2009

Crude oil prices just keep marching on supported both from strengthening equity markets and a further weakening of the US dollar, particularly against the Euro. The oil market is used to anti Dollar rhetoric from the likes of Iran, Russia and Venezuela but when it comes from Fed Member Lockhart who yesterday stated ""USD role as reserve currency may decline; not made up mind yet to increase Treasury purchases" there really is no hope. Meanwhile the IEA monthly report showed an upward revision to its 2009 global oil demand figures thereby hinting that crude oil prices are likely to be boosted given this shift in the fundamentals. It will be interesting to see how OPEC producers respond to the increase in daily oil prices and whether the agreed production cuts will in fact hold. From a technical perspective yesterday's oil chart saw crude oil prices climb even higher and at one point achieve an inter day high of $73.23 per barrel. Despite a small hiccup in the rally the price of oil finished 92 cents higher to settle at $72.47. The oil chart is now pointing to the $74.28 minor resistance level, last seen on 17th October 2008 and with the oil market in buoyant mood and moving further away from all three moving averages we should not be surprised to see a retracement at some point in the near

The short and medium term trends are bullish and the long term trend is bullish.

WTI:

Support: $71.32 (yesterday's low) Resistance: $75.85 (high of 21/10/08)

Support: $70.51 (low of 10/06/09) Resistance: $74.28 (high of 17/10/08)

Support: $68.44 (low of 09/06/09) Resistance: $73.23 (yesterday's high)

OIL (BRENT):

Support: $70.63 (yesterday's low) Resistance: $75.04 (high of 15/10/08)

Support: $69.92 (low of 10/06/09) Resistance: $73.29 (high of 21/10/08)

Support: $68.24 (low of 09/06/09) Resistance: $72.27 (yesterday's high)
Spot Silver Price - Daily Silver Chart 12th June 2009

Silver Spot Prices - Daily Silver Chart 12th June 2009

A combination of a weaker US dollar and increasing optimism about industrial demand once again provided support for spot silver prices which ended the day 17 cents higher at $15.390 per ounce and in percentage terms once again outperformed spot gold. The current rally in silver prices mirrors similar bullish sentiment in other commodities such as oil where despite the somewhat bleak fundamental picture, investors appear determined to maintain the upward trend across the commodities market. From a technical perspective the silver chart is very similar to that of gold in that prices are consolidating in a very narrow range. The only minor difference between the two is that the price of silver has shown a marginally more bullish trend on the week with candles that are slightly more descriptive (gold has had a series of doji candles which are indicative of indecision and sideways movement). Yesterday's candle was typical with a small increase on the day closing marginally below the 9 day moving average but with a deep lower wick which seems to have found some support on the 14 day moving average and with each day's candle having a low which is higher than the previous day, again suggesting a bullish flavour. However, today is not a day for trading for several reasons. First it is the end of the week and many traders will be squaring positions ahead of the weekend. Second we have the G8 finance ministers' meeting in Italy where unprompted off the cuff remarks will be seized on by the markets, and all the markets are now waiting for this meeting to unfold so today is likely to be characterized by a further period of consolidation and sideways movement.

The short term is sideways while the medium and long term is bullish.

Support: $14.930 (yesterday's low) Resistance: $15.950 (high of 04/06/09)

Support: $14.760 (low of 09/06/09) Resistance: $15.760 (high of 29/05/09)

Support: $14.620 (low of 28/05/09) Resistance: $15.532 (yesterday's high)

Anna's Websites Below:

http://www.euro-vs-dollar.com
http://www.euro-to-dollar.com
http://www.usd-to-cad.com
http://www.yen-to-dollar.com
http://www.prices-oil.org
http://www.spot-gold-price.org
http://www.pounds-to-dollars.com
http://www.spot-silver.com
http://www.cot-report.com
http://www.currency-trading-forex.com
http://euros-to-pounds.com

Categories: EURUSD, USDJPY, USDCAD, GBPUSD Bullish, Commodities

Actions: E-mail | Permalink | Comments (0) RSS comment feed | Kick it! | DZone it! | del.icio.us
Post Rating
12345
Comments
There are currently no comments, be the first to post one.
Post Comment

Name (required) Name Is Required

Email (required) Email Is Required Invalid Email Address

Website

Comment Is Required

Notify me of followup comments via e-mail

Advertise Here

Important Notice
Google Ads Warning Advertisement Links from Google are displayed throughout the site and do not reflect the opinion, endorsement, or concurrence of this website or affiliated parties. Google ads contain potentially misleading and/or unbalanced claims and information that may fail to disclose risks and other important considerations involved in speculative trading.

High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Copyright 2009 by ForexRazor Home Terms Privacy Links Contact About Charities Advertise Top

DOLLAR EDGES UP , INVESTORS EYE G8 MEETING

2009-07-08T04:37:00.001-07:00

Reuters

Login
My Profile Logout
James Pethokoukis
James Pethokoukis

Blogging money and politics
See all posts
You are here: Home > Business & Finance > Currencies > Article
Home
Business & Finance
Markets
Deals
Small Business
Green Business
Industries
Industry Summits
Stocks
Funds
ETFs
Currencies
Commodities
Options
Economy
Bonds
Analyst Research
Portfolio
News
Do More With Reuters
RSSRSS Feed
Widgets
Mobile
Podcasts
Newsletters
Your View
Make Reuters My Homepage
Partner Services
CareerBuilder
Affiliate Network
Professional Products
Support (Customer Zone)
Reuters Media
Financial Products
About Thomson Reuters
FOREX-Dollar edges up, investors eye G8 meeting
Fri Jun 12, 2009 4:27am EDT

Email | Print |
Share
| Reprints | Single Page
[-] Text [+]
Market News
Shares flat ahead of G8 as data digested
Oil falls towards $72 after three-day rally
Dollar edges up, investors eye G8 meeting
More Business & Investing News...

* Dollar index up 0.3 pct, traders book profits

* G8 meet in focus, ministers to discuss exit strategies

* Optimistic global economy view may pressure dollar more

(Adds comment, details, updates throughout; previous TOKYO)

By Naomi Tajitsu

LONDON, June 12 (Reuters) - The dollar edged up against a basket of currencies on Friday, recovering as traders booked profits from the U.S. currency's slide earlier this week, while investors awaited a G8 finance ministers meet later in the day.

The euro hit the day's low against the dollar after European shares initially slipped in early trade. This helped the U.S. currency to recover from losses on Thursday, when improving U.S. economic data stoked risk demand and prompted dollar selling.

The dollar has been on the back foot during a week of fairly volatile trade, and is set to end the week 1.3 percent lower against a currency basket after investors reassessed speculation that U.S. interest rates may rise from near zero by year-end.

Analysts said that trade would be subdued as few European economic data and events were due on Friday, while investors would focus on comments that may come out of the G8 gathering.

Sources have said that currencies would not be a major point of discussion at the two-day meeting, but a German official said that eventual exit strategies from policies to deal with the financial crisis will be a topic. [ID:nLB661036]

NOTE:the sourse have a currencies would not be a major point of dicussion at the two day meeting.

"We've been swinging back and forth quite a bit this week ... With the G8 in front of us, it may offer a good excuse not to engage to heavily in the market at the moment," said Dag Muller, technical analyst at SEB in Stockholm.

Market participants said that finance ministers would likely promote the idea that the global economy is on the path to recovery, which may prompt more demand for riskier assets.

"(The finance ministers) may underpin positive sentiment in the market ... if you think the dollar is tightly linked to risk appetite, then this would be dollar negative."

By 0806 GMT, the euro traded 0.2 percent lower at $1.4070, after slipping to a session low around $1.4055, still above the week's low of $1.3803 hit on Monday.

The dollar index .DXY, which tracks the currency's performance against six major rivals, edged up 0.2 percent to 79.727. Continued...
View article on single page
Previous Page 1 | 2 Next Page

Share:
Del.icio.us
Digg
Mixx
Yahoo!
Facebook
LinkedIn

Next Article: UPDATE 2-Tough budget cuts saved Latvia from bankrupcty-PM

Also on Reuters
A man keys in a message onto a mobile phone in a Milan bar March 3, 2006.
Bad text messaging, e-mailing manners can be costly
Matt Bording carries a packed box from his foreclosed home in Richmond, California June 8, 2009.
Gloom over California home prices hard to shake
Pedestrians walk past a Bank of America branch in New York May 8, 2009. REUTERS/Lucas Jackson
Blog: Create your own stress test
Ads by Marchex

Astor Asset Mgmt Named Top Performer
Read Forbes Article on Best ETF Money Managers Named by Barclays iShares.
www.AstorAssetManagement.com

What's Your Credit Score?
A Good Credit Score is 700 & Above. Click here to see yours for $0.
www.FreeCreditReport.com

Dowload Free CRM White Paper from SAP
Read this white paper, get the basics on CRM, and avoid the "CRM paradox"
www.sap.com

Email Server Security: FREE 30-Day TRIAL
Block all email viruses & threats at server level with GFI MailSecurity!
www.gfi.com
Most Popular on Reuters

1.
Europe Factors-Shares set to trim gains; Barclays eyed
2. U.S. drug czar calls for end to "war on drugs"
3. Shares flat ahead of G8 as data digested
4. U.S. kills Northrop Grumman missile-defense program
5. Big Tobacco Up in Smoke
6. UK Stocks -- Factors to watch on June 12
7. UPDATE 2-Citigroup sells $1 bln in debt without US guarantee
8. HK shares hit 9-mnth high; China stocks slip
9. As crisis bites elsewhere, Indian firms turn to China
10. Microsoft V. Google: Two Opposite Approaches To Browser Advertising

Most Popular Articles RSS Feed
More US Dollar Report
PREVIEW-BRIC seeks global voice at first summit
FOREX-Euro slides after weak EZ data, G8 meet awaited
UPDATE 3-Japan minister resigns in blow to PM before poll
TOPWRAP 3-Asian data boosts recovery hopes, Europe lags
More US Dollar Report News...
We want to hear from you
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better
Please take a moment to complete our survey

Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSSRSS Feed | Labs | Archive | Site Index | Video Index

Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers

International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

MALAYSIA -- CHINA FX SWAP TO HELP TRADE TO START SOON

2009-07-07T04:14:00.001-07:00

ADVERTISEMENT

Search:
Forbes.com

Quotes

Video

Advanced

Fill in one or more search fields below:
Search Tips

With the following text:
From this source:
Where author is:
About these companies
(comma separated tickers):
Published between:
Content type is:
Story type is:
and

Search message boards:

Close Window

U.S. EUROPE ASIA HOME PAGE FOR THE WORLD'S BUSINESS LEADERS Free Trial Issue

Become a member | Log In
Portfolio |
Forbes Magazine-77% savings
HOME

BUSINESS

TECH

MARKETS

ENTREPRENEURS

LEADERSHIP

PERSONAL FINANCE

FORBESLIFE

LISTS

OPINIONS
VideoForbesWomanCEO NetworkOrg Chart WikiPeople TrackerPortfolio TrackerBlogsE-mail NewslettersSpecial Reports

Thomson Reuters
Malaysia-China FX swap to help trade to start soon
06.12.09, 03:55 AM EDT
pic

BEIJING, June 12 (Reuters) - Exporters and importers in Malaysia and China will soon have the option of settling their trade deals in ringgit and yuan when a currency swap between the two countries' central banks goes into effect.

Malaysian central bank governor Zeti Akhtar Aziz told reporters that the swap, signed in February and worth 80 billion yuan/40 billion ringgit, would go into operation 'in the near term'.
Article Controls

Emailemail

imagereprint

imagenewsletter

imagecomments

imageshare

imagedel.icio.us

imageDigg It!

imageyahoo

imageFacebook

imageTwitter

imagerss
Yahoo! Buzz

The swap was arranged explicitly to boost two-way trade and investment, not to provide liquidity, which Zeti said was ample in the Malaysian banking system.

The People's Bank of China has arranged six such swaps, totalling 650 billion yuan ($95.12 billion), since December.

Sceptics see little reason why traders should abandon the convenience of the dollar, the main trade settlement currency; an agreement between Brazil and Argentina to settle bilateral trade in their respective currencies has had scant take-up.

Zeti said it was too early to say what the response would be in Malaysia, but the scheme would provide additional flexibility for companies whose margins are under pressure.
Related Stories

* Transcript: Dambisa Moyo On Business Visionaries
* China's Debt Bomb
* Malaysia: Politics Tempers Economic Growth
* When Arbitration Fails
* Tea Party Foul

Related Videos

* Robotic Surgery
* Yahoo! Hires CFO
* Consumer Report, National Semiconductor
* Oil Hits $73
* Lewis Takes The Stand

* Stories
* Videos

Rate This Story

*
Your Rating
*
Overall Rating

Reader Comments
Comment On This Story

'There will be those who see the benefit of reduced transaction costs and reduced exposure to currency volatility,' she said on the sidelines of a banking conference.

Turning to the economy, Zeti said fiscal stimulus measures introduced in the first quarter, coupled with steps to increase access to financing, would feed through to the economy in the second half of 2009, particularly in the final quarter.

'Our current assesment is that growth will turn positive in the fourth quarter, year on year,' she said.

Asked whether interest rates had scope to fall, Zeti said the central bank was focusing on making it easier for companies to borrow through credit enhancement schemes and corporate debt restructuring, rather than on the cost of borrowing.

NOTE: the swamp was arrange explicitly to not provide liquidit, which zeti said was ample in the malaysia banking system.

'All this is more important than the cost,' she said.

(Reporting by Alan Wheatley; Editing by Jonathan Hopfner)

((alan.wheatley@thomsonreuters.com; +86 10 6...; alan.wheatley.reuters.com@reuters.net)) ($1=6.833 Yuan) Keywords: MALAYSIA CHINA/ECONOMY

(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Neither the Subscriber nor Thomson Reuters warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Reuters and its third party content providers for your personal information only, and neither Thomson Reuters nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon.
Asian Shares Rise On Economic Data
Robotic Surgeryimage
China And The Iron Maiden
Yahoo! Hires CFOimage
Reader Comments
Comment On This Story

Steve Forbes
Intelligent Investing | Data | Knowledge | Insight | Wisdom

Today On Forbes.com
ObamaCare May Punish The Healthy
David Whelan
Will smokers and marathon runners pay the same?

* Health Care: The Gloves Come Off
* The Fight Over Health Care
* Bury Harry And Louise

The Recession Is Great
Health Care IT's Diagnosis: Excellent
Inflation Is Nothing Compared To The Cure
Russia Faces Collapse Of 'Monotowns'
Subscriptions

* Subscribe To Newsletters
* Subscriber Customer Service

ADVERTISEMENT
ADVERTISEMENT
Get Stories By Email

Select Topics:

*

foreign exchange

re-organisations,re-structurings,name changes
*

central banks

Other political news

Already a member? Log In

Not a member yet?Join Now!

Receive Special Offers?

FAQ |Terms & Conditions | Privacy Policy
People Who Read This Also Read...

*
UPDATE 1-China raises tax rebates on over 600 export lines 24993740
*
INSTANT VIEW 3-China Jan-May urban investment up 32.9 pct 25220114
*
INSTANT VIEW 1-China May exports, imports fall more steeply 25218060
*
UPDATE 1-China urban property prices fall less sharply in May 25121264
*
BEA expected to issue 4 bln yuan bond in June-paper 24994820

Recommendations by Loomia

* Content Management Software
* Email Marketing Software
* Project Management Software

* Accounting Software
* eCommerce Software
* Help Desk Software

>> Browse All Directories

* Popular Stories
* Top Rated Stories
* Popular Videos

1. Jolie: Most Powerful Celebrity
2. Compostable Packaging
3. Yahoo! Hires CFO
4. Failures That Profit
5. Layoffs Spur Data Losses
6. Paris Hilton: Beyond The Tabloids
7. Tap Water Based Spray Cleaner
8. Economics Crash Course
9. The BEST Man
10. CEO Insights: Rosetta Stone

1. Me, Disrupted: Part I
2. Chris Paul Saves Basketball in New Orleans
3. San Diego News Shoot-Out
4. Options block trading firm Ballista gets funding
5. Is Eastern Europe On The Brink Of An Asia-Style Crisis?
6. Tax Crackdown Will Cost Small Business
7. Google's Options Odyssey
8. Parallel Universe--D.C. Style
9. Selling Palm Pre To Business Users
10. Qualcomm's Shimmering Innovation

1. The World's Billionaires
2. The Celebrity 100
3. World's Richest Women
4. Billionaire Rivals
5. The Forbes 400
6. The Recession Is Great
7. Trendsetters: Performing Arts
8. What The H1N1 Pandemic Means
9. You Can Still Buy China and India
10. The 10 Hardest Jobs To Fill In America

Click Here
CEO Book Club
Book Review Jacqueline Novogratz' 'The Blue Sweater'

image
Book Review Kapferer and Bastien's 'The Luxury Strategy'
Lauren Sherman

Jean-Noel Kapferer and Vincent Bastien's ''The Luxury Strategy.''

SitemapHelpContact UsInvestment NewslettersForbes ConferencesForbes Magazines
Ad Information Forbes.com Mobile RSS Reprints/Permissions Subscriber Services
Privacy Statement Terms, Conditions and Notices About Our Ads
2009 Forbes.com LLC™ All Rights Reserved

Dow Jones industrial average, Nasdaq composite and S&P 500 indexes are real time and are powered by Xignite. All other indexes and commodities are delayed at least 15 minutes. All pricing is automatically refreshed every five seconds for the first two minutes the page is open, refreshed every 10 seconds for the third minute the page is open, and refreshed every 15 seconds thereafter.

Welcome
User

Here are more stories related to your search for trade currency

* China Seeks Greater Role For Yuan In Trade
* Buy Junky Currencies

See all related stories >Minimize

VALUE OF N,KOREASANCTIONS DISPUTED

2009-07-06T03:43:00.001-07:00

Hello undefined |
Change Preferences | Sign Out
Sign In | Register Now
washingtonpost.com
TODAY'S NEWSPAPER
Subscribe | PostPoints

ad_icon
News

* Nation
* Investigations
* Photos & Video
* Discussions

* World
* Education
* Entertainment
* Corrections

* Metro
* Health
* Columns & Blogs
* Archives

Advertising: Kaplan University online degree programs. Apply now!
Politics

* Politics Blogs
* House/Senate Votes
* White House

* Congress
* Political Browser
* In Depth

* Polls
* The Fed Page
* DC | MD | VA

Opinions

* Opinions Home
* Outlook
* Local Opinions
* Discussions

* Toles Cartoons
* On Faith
* Telnaes Animations
* PostGlobal

Business

* Business and Policy
* Local Business
* Entrepreneurship

* Economy Watch
* Technology
* Columns & Blogs

* Global Economy
* Personal Finance
* On Leadership

Local

* Metro News
* District
* Weather
* Obituaries
* The Extras

* Education
* Maryland
* Traffic
* Local Explorer
* Local Business

* Columns & Blogs
* Virginia
* Crime
* Community Handbook
* Yellow Pages

Sports

* Redskins
* Nationals
* Columns/Blogs
* NFL

* Wizards
* D.C. United
* Golf
* NBA

* Capitals
* High Schools
* MLB
* NHL

Arts & Living

* Style
* Entertainment News
* Museums
* Columns & Blogs
* Comics

* Pets
* Food & Dining
* Fashion & Beauty
* KidsPost
* Crosswords

* Movies
* Travel
* Home & Garden
* Post Magazine
* TV Listings

* Television
* Books
* Theater & Dance
* Horoscopes
* Sudoku

Going Out Guide

* Find Restaurants
* Visitors Guide

* Find Movies
* Best Bets

* Find Bars & Clubs
* Go Out List

* Find Local Events
* Going Out Gurus

Jobs

* Find a Job
* Post a Job

* Get Expert Advice
* Employer Login

Cars

* Buy a Car
* Sell a Car
* Experts & Advice

* Dealer Directory
* Used Car Specials
* Coupons

Real Estate

* Buy a Home
* Sell a Home
* Neighborhoods

* Recent Home Sales
* Tools and Calculators
* Local Address

Rentals

* Find a Rental
* Rent Your Place

Classifieds

* Legal Notices
* Shopping
* Pets

* Trustee Sales
* Deals & Discounts
* More Classifieds

* Death Notices
* Used Stuff
* Place an Ad

SEARCH:
washingtonpost.com
Web
Powered by Google
| Search Archives
washingtonpost.com > World > Asia/Pacific
Value of N. Korea Sanctions Disputed
International Curbs After '06 Explosion Seen as Ineffective

TOOLBOX
Resize
Print
E-mail
Yahoo! Buzz
COMMENT
49 Comments | View All »
POST A COMMENT
You must be logged in to leave a comment. Log in | Register
Why Do I Have to Log In Again?
Log In Again?
CLOSE
We've made some updates to washingtonpost.com's Groups, MyPost and comment pages. We need you to verify your MyPost ID by logging in before you can post to the new pages. We apologize for the inconvenience.

Discussion Policy
Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem.
Discussion Policy
CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Who's Blogging
» Links to this article
By Blaine Harden
Washington Post Foreign Service
Friday, June 12, 2009

TOKYO, June 11 -- As the United Nations moves this week to sanction North Korea for its second nuclear test, there is strong evidence that a previous international squeeze did not work.

Thanks to booming business with neighboring China, North Korea's overseas trade has grown substantially since the U.N. Security Council imposed punitive sanctions after the government of Kim Jong Il exploded its first nuclear device in 2006.

Trade volume rose last year to its highest level since 1990, when a far more prosperous and less isolated North Korea was heavily subsidized by the Soviet Union, according to an analysis by the Korea Trade-Investment Promotion Agency, a government-funded organization in Seoul.

North Korean exports surged 23 percent last year, compared with the previous year, and imports jumped 33 percent, the agency said. It found that China's share of overseas trade with the North is soaring, up from 33 percent in 2003 to 73 percent last year.

The Security Council sanctions have had "no perceptible effect" on North Korea's trade with its largest partners, according to another study by Marcus Noland, a North Korea expert at the Washington-based Peterson Institute for International Economics.

"In retrospect, North Korea may have calculated quite correctly that direct penalties for establishing itself as a nuclear power would be modest," Noland wrote in a paper published at the end of last year. "If sanctions are to deter behavior in the future, they will have to be much more enthusiastically implemented."
ad_icon

A draft resolution proposed this week by the United States, China and other major powers tries to be more enthusiastic. If approved, the resolution would restrict the North's access to international grants, financial assistance and low-interest loans, while reinvigorating enforcement of the sanctions approved after Pyongyang's first nuclear test.

With certain caveats, it also authorizes member nations to search ships suspected of carrying banned materials, such as missiles or nuclear technology, on the high seas and to seize what they find. But it would not limit North Korea's more conventional, and lucrative, trade with China.

Noland describes the current sanctions plan as "clever." Instead of a "crime and punishment" approach to North Korea, he said, the proposed sanctions are "basically defensive," relying on interdiction of ships and global financial restrictions.

NOTE:a draft of a resulution propose this week by the united states, the china and major powers tries to be more enthusiastic.

In recent decades, North Korea has earned hundreds of millions of dollars by transporting missiles and missile parts to countries in East Asia and the Middle East, according to the Center for Nonproliferation Studies in Monterey, Calif.

"The North Koreans will be down to whatever China gives them and whatever they can get from their subterranean customers in the Middle East," Noland said.

But there is little chance that these tougher sanctions will limit the ability of Kim Jong Il's government to profit from more conventional overseas trade, said Lim Eul-chul, a researcher who specializes in North Korean trade for the Seoul-based Institute for Far Eastern Studies.

"The sanctions will not have much effect on what North Korea trades with China," he said.

A sharp increase in military tension on the Korean Peninsula has recently made the North "very reluctant to export sensitive items overseas," such as missiles and counterfeit goods, said Lim, who has monitored North Korean trade for years.

"That kind of trade is not the current story," Lim said. "The current story is that North Korea is doing a lot of normal trade with China."

North Korea consistently fails to grow enough food to feed its 23 million people, and its state-controlled economy is moribund, but it does have mineral resources that are coveted by many industrialized countries.

The estimated value of its reserves -- including coal, iron ore, zinc, uranium and the world's largest known deposit of magnesite, which is essential for making lightweight metal for airplanes and electronics -- is more than $2 trillion, according to the Korea Chamber of Commerce and Industry.

The manufacturing boom in neighboring China has dovetailed with North Korea's acute need for hard currency and has accelerated Chinese access to the North's resources, according to Lim, Chinese mining experts and South Korean government officials.

There is, however, a significant new wrinkle in the North's trade with China, Lim said. "The military is taking control of export sales," he said, citing informants inside North Korea.

Other branches of the North Korean government, such as the Workers' Party and the cabinet, have been forced to relinquish their interest in these sales to the military, Lim said. The military has grabbed greater control of export revenue, he said, as it has provoked the outside world with missile launches and the nuclear test.

Based on the recent growth of North Korean-Chinese trade, Lim said he does not believe that China wants to "take any strong measures to crush the North Korean economy."

As China's trade with the North has soared, South Korea's has fallen off sharply, a victim of the undisguised contempt that Kim Jong Il's government has shown toward South Korean President Lee Myung-bak.

After Lee came into office last year, he halted a decade-old policy of giving the North unconditional gifts of food and fertilizer. North-South trade fell nearly 25 percent in the first four months of 2009, according to the Korean Customs office.

More ways to share this Article...
Digg
Facebook
Reddit
Newsvine
myspace
del.icio.us
NewsTrust
Stumble It!
Understand more about:
North Korea
North Korea
China
China
Marcus Noland
Marcus Noland
Lee Myung-bak
Lee Myung-bak
Kim Jong Il
Kim Jong Il

*

Articles
*

Images
*

Videos

*

washingtonpost.com
*

The web

1.
New sanctions could hit North Korea's fundraising

1 day ago | washingtonpost.com
2.
The Gay Marriage (Polling) Conundrum

May 27, 2009 | washingtonpost.com
3.
North Korea bans ships from coastal waters

3 days ago | washingtonpost.com
4.
North Korea Test-Fires Missiles

May 26, 2009 | washingtonpost.com
5.
North Korea threatens South, restarts plutonium plant

May 27, 2009 | washingtonpost.com
6.
US pressing for UN action on NKorea nuclear trade

3 days ago | washingtonpost.com
7.
Will denying Kim cognac have any effect on NKorea?

June 3, 2009 | washingtonpost.com
8.
Competing crises buffet South Korea's president

May 29, 2009 | washingtonpost.com
9.
N.Korea seeks talks with South but warns on sanction

April 18, 2009 | washingtonpost.com
10.
North Korea Tests Engine of Long-Range Missile, Report Says

September 17, 2008 | www.washingtonpost.com

Images from Yahoo!
Videos from YouTube
More about:North KoreaChinaLee Myung-bakKim Jong Il

powered by
From Our Partners
Foreign Policy
• China's De-Socialized Medicine
• Unnatural Growth
• Survivor: Gitmo Edition
People who read this also read...
U.S. mulls putting North Korea back on terror list
North Korean Women Who Try to Flee to China Encounter Abuse at Home and Abroad
Major Powers Reach Deal on Draft U.N. Resolution on North Korea
N. Korea's Belligerence Seen as Succession Drama

Most Viewed World Articles
Officials Begin to Identify Bodies in Air France Crash as Search Goes On
A Polarized Iran Prepares to Go to Polls
Value of N. Korea Sanctions Disputed
Visitors to India Get the 'Gandhi Experience'

» Top 35 World Articles
» Most Popular on washingtonpost.com
More Asia Coverage
Pomfret's China
Pomfret's China

In a PostGlobal blog, John Pomfret looks at the driving forces behind China's rise.
facebook
Connect Online

Share and comment on Post world news on Facebook and Twitter.
woman's world
A Woman's World

Multimedia reports on the struggle for equality around the globe.
© 2009 The Washington Post Company
Ads by Google

Online Currency Trade
Join Easy-Forex: Online 24x7 Trade, 5 Min., $200 Start, 1:200 Leverage!
www.Easy-Forex.com

Currency Trading Online
Free software & Demo account Live prices/charts/news.49 Products
www.FOREX.ch

Currency Market Info
Free currency quotes, charts, news, exchange rates, and training
www.gcitrading.com
ad_iconYour Ad Here
<A TARGET="_new" HREF="http://ad.doubleclick.net/click%3Bh=v8/384a/3/0/%2a/s%3B214243731%3B0-0%3B0%3B4415330%3B10408-336/850%3B31602070/31619946/1%3B%3B%7Eokv%3D%3Bdir%3Dasianode%3Bdir%3Dworld%3Bdir%3Dasia%3Bheavy%3Dy%3B%3Borbit%3Dy%3Bpos%3Dad6%3Bdel%3Djs%3Brs%3Dj10128%3Brs%3Dj10208%3B%7Eaopt%3D2/1/a00ff/1%3B%7Esscs%3D%3fhttp://www.shell.us/energytalk"><IMG SRC="http://m1.2mdn.net/1408114/Shell_336x850.gif" BORDER=0></A>
Find Your Dream Job Now!

Go
Jobs by SimplyHired
Featured Advertiser Links

* Lawyer: Asbestos Lung Cancer, Hydroxycut, Raptiva>>
*
* Mesothelioma Lawyer, Construction, Zimmer Durom Hip>>
*
* Save Up To 75% On Cruises at Vacations To Go>>
*
* Get your complete credit history from all three major credit agencies>>
*
* 3 Stocks to Help Rebuild Your Wealth-Click Here!>>

Ads by Google

Forex Secret Exposed
120 Million Dollar Secret Revealed 26yr Interbank Trader's Insider tip
www.andyshearman.net/Fibonacci

China Manufacturers
Find Products from China on Internet's Top B2B Directory!
Alibaba.com

Citibank Wire Transfer
Wire money to India from anywhere with a Citibank NRI account. Apply!
www.Citibank.co.in
News | Politics | Opinions | Business |Local | Sports | Arts & Living | Going Out Guide
Jobs | Cars | Real Estate | Rentals | Classifieds
SEARCH:
washingtonpost.com
Web
Powered by Google
Search Archives
washingtonpost.com: About Us | Work for Us | Advertisers | Site Map | Search Terms | Topics Index | Make Us Your Home Page | Newsletters | Mobile | RSS | Widgets
The Washington Post: Subscribe | Home Delivery Service | Advertisers | PostPoints | e-Replica | Online Photo Store | The Washington Post Store | About The Post | National Weekly
The Washington Post Company: Information and Other Post Co. Websites
© Copyright 1996-2009 The Washington Post Company | User Agreement and Privacy Policy | Rights and Permissions
Help | Contact Us

HINTS OF RECOVERY IN EMRGING DEBT DATA-- EMTA

2009-07-05T02:54:00.001-07:00

Reuters

Login
My Profile Logout
James Pethokoukis
James Pethokoukis

Blogging money and politics
See all posts
You are here: Home > Business & Finance > Markets > Bonds News > Article
Home
Business & Finance
Markets
U.S.
U.K.
Europe
Asia
Markets News
Hot Stocks
Bonds News
Gainers & Losers
Most Actives
Indices
Calendars
Deals
Small Business
Green Business
Industries
Industry Summits
Stocks
Funds
ETFs
Currencies
Commodities
Options
Economy
Bonds
Analyst Research
Portfolio
News
Do More With Reuters
RSSRSS Feed
Widgets
Mobile
Podcasts
Newsletters
Your View
Make Reuters My Homepage
Partner Services
CareerBuilder
Affiliate Network
Professional Products
Support (Customer Zone)
Reuters Media
Financial Products
About Thomson Reuters
Hints of recovery in emerging debt data-EMTA
Thu Jun 11, 2009 1:45pm EDT

Email | Print |
Share
| Reprints | Single Page
[-] Text [+]
Market News
Asian shares advance; momentum seen waning
Oil falls towards $72 after three-day rally
Dollar edges up, investors eye G8 meeting
More Business & Investing News...
Featured Broker sponsored link

By Daniel Bases

NEW YORK, June 11 (Reuters) - Emerging market debt trading volumes fell sharply in the first quarter compared to last year as investors grew cautious amid the global recession, though there are hints of a rebound in place, a new survey shows.

EMTA, a trade association for emerging markets, said on Thursday that trading volumes fell 23 percent year-on-year in the first quarter of 2009 to $915 billion. Local currency debt accounted for 72 percent of the trading volume turnover.

However, trading volumes did pick up from the fourth quarter of last year, rising 11 percent, when emerging market fixed income levels reached their lowest quarterly amount in six years.

Local market trading volumes of $656 billion were more than twice the $253 million traded in Eurobonds. Both categories however were down year-on-year, 19 percent and 30 percent, respectively.

Compared to the fourth quarter of 2008, local debt trade rose by 18 percent while Eurobond trade was roughly even the fourth quarter. EMTA surveyed 46 firms.

"I would have expected that local markets would have seen less of a recovery than was experienced in hard currency markets," said David Spegel, global head of emerging market strategy at ING and an EMTA board member based in New York.

NOTE: the global head ofb a emerging market has strategy at the ING and an EMTA board membering in the new york city.

Spegel said the rebound for local markets illustrated a robust market and countered the observed increase in local currency redemptions versus the strong recovery for the U.S. dollar.

"Investors were happy with their dollar exposure," during this period Spegel said.

Corporate Eurobond trade of $76 billion fell 33 percent year-on-year in the first quarter but surged 35 percent versus the last quarter of 2008. Trading in this sector accounted for 8 percent of overall survey volume.

Sovereign Eurobond trading of $168 billion made up 18 percent of the total volume in the first quarter.

Brazil maintained its top rank as the country with the biggest volume share of debt traded at 19 percent, followed by Turkey with 15 percent and China with 10 percent in the first quarter.

© Thomson Reuters 2009 All rights reserved

Share:
Del.icio.us
Digg
Mixx
Yahoo!
Facebook
LinkedIn

Also on Reuters
A man keys in a message onto a mobile phone in a Milan bar March 3, 2006.
Bad text messaging, e-mailing manners can be costly
Matt Bording carries a packed box from his foreclosed home in Richmond, California June 8, 2009.
Gloom over California home prices hard to shake
Pedestrians walk past a Bank of America branch in New York May 8, 2009. REUTERS/Lucas Jackson
Blog: Create your own stress test
Ads by Marchex

Astor Asset Mgmt: ETF Model Portfolio
Download FREE Preview of Former Fed Economist Rob Stein's New Book.
www.AstorAssetManagement.com

What's Your Credit Score?
A Good Credit Score is 700 & Above. Click here to see yours for $0.
www.FreeCreditReport.com

Dowload Free CRM White Paper from SAP
Read this white paper, get the basics on CRM, and avoid the "CRM paradox"
www.sap.com

Email Server Anti-Virus: FREE Trial
Virus & content check all company mail with GFI MailSecurity. FREE trial!
www.gfi.com
Most Popular on Reuters

1.
Europe Factors-Shares set to trim gains; Barclays eyed
2. U.S. drug czar calls for end to "war on drugs"
3. Asian shares advance; momentum seen waning
4. U.S. kills Northrop Grumman missile-defense program
5. UK Stocks -- Factors to watch on June 12
6. UPDATE 2-Citigroup sells $1 bln in debt without US guarantee
7. HK shares hit 9-mnth high; China stocks slip
8. Microsoft V. Google: Two Opposite Approaches To Browser Advertising
9. As crisis bites elsewhere, Indian firms turn to China
10. UPDATE 1-US lawmaker: BofA's Lewis inconsistent

Most Popular Articles RSS Feed
More Bonds News
Soros says CDS are destructive, should be outlawed
UPDATE 1-S.Korea Magnachip parent firms file for Chapter 11
AB InBev plans eight-year benchmark stg bond -IFR
UPDATE 2-Tough budget cuts saved Latvia from bankrupcty-PM
More Bonds News...
We want to hear from you
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better
Please take a moment to complete our survey

Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSSRSS Feed | Labs | Archive | Site Index | Video Index

Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers

International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

AUSTRILIAN, N.S DOLLAR FALL ON FEED PURCHASE REPORT.

2009-07-04T02:38:00.001-07:00

JANE BRYANT QUINNJOHN DORFMANPORTFOLIO TRACKERCALCULATORSFINANCIAL GLOSSARY
Bloomberg
Bloomberg Anywhere
Updated: New York, Jun 12 05:29
London, Jun 12 10:29
Tokyo, Jun 12 18:29
Search
Symbol Lookup

HomeNewsMarket DataPersonal FinanceTV and Radio
Feedback
Popular:
PoliticsExclusiveMadoffIndustriesCurrenciesETFsDine & DealC-Suite
News

* Exclusive
* Worldwide
* Regions
* Africa
* Asia
* Australia & New Zealand
* Canada
* China
* Eastern Europe
* Europe
* France
* Germany
* India & Pakistan
* Italy
* Japan
* Latin America
* Middle East
* U.K. & Ireland
* U.S.
* Markets
* Industries
* Economy
* Politics
* Law
* Environment
* Science
* Opinion
* Spend
* Sports
* Arts and Culture
* Editors' Video Picks
* Bloomberg Markets Magazine
* Special Report

RESOURCES

* Bloomberg TV
* Bloomberg Radio
* Bloomberg Podcasts
* Bloomberg Press

More News
•
Commonwealth Raises Variable Rates for First Time Since RBA Started Cuts

•
CSL May Beat Glaxo, Sanofi in Race to Market With First Shot For Swine Flu

•
OZ Minerals Shares Jump After Minmetals Approval; Goldman Reinstates `Buy'

Australian, N.Z. Dollars Fall on Fed Bond Purchases Report
Share | Email | Print | A A A

By Candice Zachariahs

June 12 (Bloomberg) -- The Australian and New Zealand dollars fell against the U.S. currency, paring this week's gains, on speculation the Federal Reserve will let yields climb rather than boosting purchases of U.S. bonds.

The currencies weakened as the Wall Street Journal reported the Fed will probably maintain its current level of purchases of Treasuries and mortgage-backed securities when it meets in late June, without saying where it got the information. The Australian and New Zealand dollars headed for a fourth weekly advance against the yen as traders raised bets the countries' central banks will boost rates within a year.

"We may be approaching a tipping point in U.S. yields and energy prices and once we get there prospects for the global economic recovery may start to be harmed," said Robert Rennie, chief currency strategist at Westpac Banking Corp. in Sydney. "Parts of the global economy are facing increasing headwinds and the arguments for a correction in risky currencies are rising."

NOTE: the autrilian and new zealand dollars headed for afourth weekly advace aganst the yen as traders raise bets the countrys'

Australia's currency fell 0.9 percent to 81.17 U.S. cents as of 5:37 p.m. in Sydney and has gained 2.3 percent this week. The currency touched 80.27 yen today, near the most since Oct. 6, before trading at 79.49 yen.

New Zealand's dollar slipped 0.4 percent to 64.04 U.S. cents today and also advanced 2.3 percent since trading at 62.64 cents in New York on June 5. The currency added 1.5 percent this week against the yen to 62.73 yen.

The Australian dollar may trade at 77 U.S. cents by month- end, while New Zealand's currency may fall toward 60 cents, Rennie said.

Rapid Gains

"The Aussie's had a fairly positive week and everyone is looking for a pull-back," said Charles Wiggins, corporate risk manager at Custom House Global Foreign Exchange in Sydney. "If the Aussie continues to fall, you'd be looking back down towards the 80.80 and then 80.30-cent region."

New Zealand's retail sales rose for the second time in three months in April. Sales gained 0.5 percent from March, seasonally adjusted, Statistics New Zealand said in Wellington today. The median estimate in a Bloomberg News survey of nine economists was for a 0.2 percent gain.

Interest Rates

Bets on interest-rate increases rose yesterday after Australia lost fewer jobs than expected and Reserve Bank of New Zealand Governor Alan Bollard said his country's economy would start to recover toward the end of the year.

The Reserve Bank of Australia will add 70 basis points to its benchmark over the next 12 months, while Bollard will boost borrowing costs by 66 points, according to separate Credit Suisse indexes. A basis point is 0.01 percentage point.

"This notion that the worst of the global recession is behind us is adding to risk appetite and lending support to risk proxies like the Aussie and kiwi particularly against low- yielding currencies," said Sue Trinh, a senior currency strategist at RBC Capital Markets in Sydney. "There's increasing evidence these central banks are close to or at the end of their easing cycles."

Benchmark interest rates are 3 percent in Australia and 2.5 percent in New Zealand, compared with 0.1 percent in Japan and as low as zero in the U.S.

Australia today sold A$699 million ($571.3 million) of debt maturing June 2011 at a weighted average yield of 4.01 percent. The so-called bid-to-cover ratio at the auction was 3.4.

Australian government bonds advanced. The yield on 10-year notes fell 10 basis points, or 0.10 percentage point, to 5.54 percent, according to data compiled by Bloomberg. The price of the 5.25 percent security due March 2019 rose 0.735, or A$7.35 per A$1,000 face amount, to 97.83.

New Zealand's two-year swap rate, a fixed payment made to receive floating rates, fell to 3.86 percent after climbing to 3.98 percent yesterday, the most since March 30.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net
Last Updated: June 12, 2009 03:52 EDT

* Delicious
* Digg
* Facebook
* LinkedIn
* Newsvine
* Propeller
* Yahoo! Buzz

Sponsored links

Bloomberg.comNEWS | MARKET DATA | PERSONAL FINANCE | TV AND RADIO | ABOUT BLOOMBERG | CAREERS | CONTACT US | LOG IN/REGISTER
Terms of Service | Privacy Policy | Trademarks | Site Map | Help | Feedback | Advertising | 日本語サイト

CANADIAN DOLLAR MAY WEAKEN FURTHER AS TRADE CONDITIONS DETERIORATES

2009-07-02T20:03:00.001-07:00

Chinese Español Fri, 05 Jun 2009
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

Featured Topics

* Daily Reports
* Trading Ideas
* Weekly Strategies

Related Articles

* COT 05/25
* COT 05/18
* COT 05/11

FXCM
FXCM - Free $50,000 Demo AccountFree $50,000 Demo Account
FXCM - FX Power Course $19.99Forex Courses
FXCM - Open An AccountOpen An Account
FXCM - Deposit FundsDeposit Funds
FXCM - Risk WarningRisk Warning
Daily FX +
Daily FX + - Trading SignalsTrading Signals
Daily FX + - Trading StrategiesTrading Strategies
Daily FX + - News From ThomsonNews From Thomson
Free Webinars
Free Webinars - New To ForexNew To Forex
Free Webinars - Range TradingRange Trading
Free Webinars - Euro Trading TipsEuro Trading Tips
Free Trading Guides
Free Trading Guides and Emails - Elliott Wave GuideElliott Wave Guide
Free Trading Guides and Emails - FX For BeginnersFX For Beginners
Tools & Forums
Daily FX ForumDailyFX Forum
NZD 2.50% AUD 3.00%
GBP 0.50% USD 0.25%
CAD 0.25% EUR 1.00%
CHF 0.25% JPY 0.10%
Daily FX RSS

advertisement
Canadian Dollar May Weaken Further as Trade Conditions Deteriorate
Saturday, 06 June 2009 01:17:21 GMT
Printer Friendly | Email Article | RSS | Previous articles
Previous Articles

* Jun 05 - Canadian Dollar May Weaken Further as Trade Conditions Deteriorate
* Jun 04 - Canadian Dollar Dominates Following the BOC's Policy Announcement - Employment Numbers Could Weigh on Friday
* Jun 03 - Canadian Dollar Loses Ground - BOC May Determine Next USD/CAD Move
* Jun 03 - US Dollar Canadian Dollar Exchange Rate Forecast
* Jun 01 - Canadian Dollar Slips After GDP Falls by Most Since 1991, Australian Dollar to See RBA Rate Decision Overnight
* May 29 - Canadian Dollar Surge May Slow on Critical Economic Event Risk
* May 22 - Canadian Dollar: USD/CAD Ends Week Just Above Rising Trendline Support
* May 22 - Canadian Dollar May Continue To Find Support From Rising Oil Prices
* May 21 - Canadian Dollar Could Break Recent Highs vs. US Dollar on Canadian Retail Sales Report
* May 20 - Canadian Dollar Breaks to 7-Month Highs vs. the US Dollar Despite Drop in Canadian CPI to 14-Year Low
* May 19 - Canadian Dollar Gains Ahead of Upcoming Canadian CPI Report
* May 15 - Canadian Dollar to Decline if Stock, Oil Prices Extend Losses
* May 12 - Canadian Dollar Ekes Out Gain vs US Dollar as Canadian Trade Surplus Expands
* May 12 - Canadian Dollar, Australian Dollar Tumble as Carry Trades Consolidate Gains
* May 08 - Canadian Dollar Lets Fundamentals Lead the Way
* May 08 - Canadian Dollar Breaks Higher as Economy Unexpectedly Added on Jobs in April
* May 07 - Canadian Dollar Slips Ahead of Canadian Employment Report on Friday
* May 05 - US Dollar Canadian Dollar Exchange Rate Forecast
* May 01 - Canadian Dollar Strength Could Evaporate Should Labor Data Stumble
* Apr 30 - New Zealand Dollar Under Pressure Post-RBNZ Rate Cut, Canadian Dollar Dominates

Written by David Song, Currency Analyst

The Canadian dollar rose to a fresh trend high against the greenback, driven by higher oil prices paired with the rise in market sentiment, and the commodity currency may continue to advance over the following week as traders raise their appetite for higher risk/reward investments.

2009.06.05. pic7

Canadian Dollar May Weaken Further as Trade Conditions Deteriorate

Fundamental Forecast for Canadian Dollar: Bearish

- Bank of Canada holds interest rate steady at the record-low
- Canadian labor market falters, with unemployment rising to an 11-year high
- Canadian growth rate falls 5.4% in first-quarter

The Canadian dollar rose to a fresh trend high against the greenback, driven by higher oil prices paired with the rise in market sentiment, and the commodity currency may continue to advance over the following week as traders raise their appetite for higher risk/reward investments. At the same time, the Bank of Canada held the benchmark interest rate at the record-low of 0.25%, but warned that the appreciation in the exchange could "fully offset" the improvements in the economy as the loonie strength "reflects a combination of higher commodity prices and generalized weakness in the U.S. currency.' The comments suggests that the sharp spikes in the exchange rate could hamper the outlook for future policy, and the BoC may take additional steps over the medium-term to shore up the economy as growth prospects deteriorate.

Moreover, the central bank explicitly stated that they will continue to hold borrowing costs at its current level into the following year, and went onto say that the board still has the "flexibility" to utilize tools beyond the interest rate if economic conditions continue to deteriorate. A report by Statistics Canada showed a deepening downturn in the labor market, with the unemployment rate jumping to an 11-year high, and fears of a deepening downturn could lead the central bank to adopt unconventional tools to stimulate the ailing economy as the outlook for growth and inflation falter. In addition, the GDP report showed the economy marked its biggest contraction since 1991, driven by a downturn in exports, and businesses may continue to scale back on production and employment over the medium-term as global trade conditions falter.

NOTE: a report by statistics canada showed a deepending downturn in the labor market, with the unemployment rates jumping to an 11-year high, and fears of adeepending downturn could lead the central bank to adopt unconventional tools to stimulates the ailing economy as the outbook for growth and flatation falter.

Meanwhile, the USD/CAD slipped to 1.0790 earlier this week, which is the lowest since October 2008, and the pair may retrace the sharp decline in the week ahead as the economic docket is expected to reinforce a dour outlook for future growth. The trade surplus is expected to fall lower in April as the U.S., Canada's biggest trading partner, faces its worst economic downturn in over half a century, while new home prices are expected to fall another 0.5% during the same period. However, a rebound in housing starts could encourage an enhanced outlook for the world's eighth largest economy, and further improvement in market sentiment may continue to drive the loonie higher as investors raise their appetite for risky assets. - DS
< Prev [ Back ]
©2008 DailyFX. All Rights Reserved.

Forex Capital Markets | Contact Us | Currency Converter | Risk Disclaimer | Privacy Policy

DESPIPTE EDVALUATION FEAR , LATVIA STANDS BY CURRETCY

2009-07-01T19:38:00.001-07:00

Get Started No, thanks
Welcome to TimesPeople
What's this?
Latest Activity
TimesPeople Lets You Share and Discover the Best of NY... 10:29 am
Skip to article

* Log In
* Register Now
* TimesPeople

* Home Page
* Today's Paper
* Video
* Most Popular
* Times Topics

Search All NYTimes.com
New York Times
Global Business

* World
* U.S.
* N.Y. / Region
* Business
* Technology
* Science
* Health
* Sports
* Opinion
* Arts
* Style
* Travel
* Jobs
* Real Estate
* Autos

Search Business
Financial Tools
More in Business »

* Global Business
* Markets
* Economy
* DealBook
* Media & Advertising
* Small Business
* Your Money
* Energy & Environment

Despite Devaluation Fear, Latvia Stands by Currency

* Sign in to Recommend
* Sign In to E-Mail
* Print
* Reprints
* ShareClose
o Linkedin
o Digg
o Facebook
o Mixx
o MySpace
o Yahoo! Buzz
o Permalink
o

Article Tools Sponsored By
By DAVID JOLLY
Published: June 4, 2009

PARIS — Latvia, the European Union member country worst hit by the economic crisis, sought Thursday to convince investors that it would stand by its currency peg as speculation of a devaluation mounted and the country awaited additional aid.
Skip to next paragraph
Enlarge This Image
Ints Kalnins/Reuters

A currency exchange board in Riga, Latvia, showed rates on Thursday. Latvia's currency strained the lower end of the band in which its central bank allows it to trade against the euro.

In December, the European Union, the International Monetary Fund, the World Bank and the Nordic countries backed Latvia's recovery policies with financing worth 7.5 billion euros ($10.6 billion). The I.M.F. agreed to put up 1.7 billion euros of that total, while the European Union offered 3.1 billion euros.

But the disbursal of the latest installment of 1 billion euros has been held up as the Latvian government seeks to carry out painful cuts in public sector wages. European Union and I.M.F. officials are in Riga, the capital, to discuss it.

Fears of a crisis rose Wednesday after Latvia was unable to sell short-term debt and the currency strained the lower end of the band in which the Latvian central bank allows it to trade against the euro. Investors who expected a devaluation would be unlikely to buy debt denominated in the national currency, the lat. One euro currently trades at about 1.41 lats. The band was set in anticipation of the country's joining the euro zone, which is expected in 2012 at the earliest.

NOTE:investors who expected a devalution would be unlikely to buy debt denominated in the national currency, the lat.

"A breakdown in the relationship with the I.M.F. and E.U. would leave Latvia facing a substantial budget and external financing gap," Fitch Ratings said Thursday in a report, adding that "such a situation would be likely to precipitate a devaluation of the lat."

Martins Gravitis, a spokesman for the central bank, said Latvia was committed to the peg "until the lat is replaced by the euro."

Latvia, a Baltic country of 2.2 million people, had a gross domestic product of about $34 billion last year. But output plunged in the first quarter and was expected to contract by about 17 percent for the year.

The government is struggling to reduce its budget deficit, which is estimated at about 9.2 percent of gross domestic product. The I.M.F. had agreed to a revised budget deficit of 7 percent from the original 5 percent, and meeting the current target would not be possible without further budget cuts.

Mr. Gravitis said public sector salaries would have to fall about 30 percent, returning them to 2006-7 levels, to make the budget. The private sector, he said, would find its own equilibrium.

In Washington, Caroline Atkinson, a spokeswoman for the I.M.F., said at a news briefing that the situation in Latvia was "challenging," and that "the authorities have stressed the importance of controlling the government debt and deficits and maintaining the peg."

Prime Minister Valdis Dombrovskis must tread a fine line, balancing international lenders' demands with the knowledge that poverty is increasing and social unrest is rising. Riots in January brought down his predecessor.

Latvians go to the polls this weekend for municipal elections, and officials said political concerns might have affected the timing of the government's new budget announcements.
Sign in to Recommend Next Article in Business (22 of 33) » A version of this article appeared in print on June 5, 2009, on page B4 of the New York edition.
Times Reader 2.0: Daily delivery of The Times - straight to your computer. Subscriber for just $3.45 a week.
Ads by Google what's this?
Profit from the crisis
Trade currency with eToro to take advantage of falling markets!
www.eToro.com/Crisis
Online Currency Trade
Join Easy-Forex: Online 24x7 Trade, 5 Min., $200 Start, 1:200 Leverage!
www.Easy-Forex.com
Forex Trading On-Line
Start made simple. Free accounts Spread from 2 pips. No commission
www.ifcmarkets.com
Past Coverage

* A Crisis Is Separating Eastern Europe's Strong From Its Weak (February 24, 2009)
* INTERNATIONAL BUSINESS; In Eastern Europe, a Switch to the Euro Comes Slowly (December 6, 2006)
* European Union Eases Rule On Deficits for Six Entrants (May 13, 2004)
* Now, a Latvian Ruble (July 21, 1992)

Related Searches

* Latvia Get E-Mail Alerts
* Currency Get E-Mail Alerts
* International Monetary Fund Get E-Mail Alerts
* European Union Get E-Mail Alerts

Next Article in Business (22 of 33) »
MOST POPULAR - BUSINESS

* E-Mailed
* Blogged

1. Practically Speaking: Small Businesses Are Taking Tentative Steps Toward Online Networking
2. Back to Business: Ailing, Banks Still Field Strong Lobby at Capitol
3. S.E.C. Accuses Countrywide's Ex-Chief of Fraud
4. G.M. in Deal to Sell Saturn to Penske
5. Joblessness Hits 9.4%, but Slowing Losses Raise Hopes
6. At G.M., He's in Charge of Selling What Remains
7. Politics and the Financial Crisis Slow the Drive to Privatize
8. Advertising: Searching for Bing? It'll Be Baked Into TV and Online Fare
9. Your Money: Finding Financial Advice in an Age of Bad Behavior
10. Bank of America Ousts Head of Risk Oversight

Go to Complete List »

1. The 31-Year-Old in Charge of Dismantling G.M.
2. G.M. Seeks Bankruptcy and a New Start
3. Plan to Help Banks Clear Their Books Is Halted
4. G.M. Sells Hummer but Does Not Name Buyer
5. G.M. to Seek Bankruptcy and a New Start
6. Jobless Rate Hits 9.4%, 26-Year High
7. Investing in Lawsuits, for a Share of the Awards
8. A Promise to Be Ethical in an Era of Immorality
9. Ailing, Banks Still Field Strong Lobby at Capitol
10. Banks Dig In for Battle Against Regulation

Go to Complete List »
The complete history of G.M.

Also in Business »

* How to get a business loan
* An insider's guide to the media industry

nytimes.com Business

Advertisements

Ads by Google what's this?
Online Forex FX Tutorials
Forex Market Basics for Beginners Free FX Tips with a Sense of Humor.
www.Babypips.com/BeginnersForex
HSBC Premier
Personalised banking services, expert advice on wealth mgt & more.
www.hsbcpremier.com
2009 Will Be Like 1929.
Read Chapter 8 of "America's Great Depression." We guarantee déjà vu.
www.Mises.org

Inside NYTimes.com
Art & Design »
The Civic Value of a Bold Statement
The Civic Value of a Bold Statement

Escapes »
Philadelphia's Gardens of Delights
Philadelphia's Gardens of Delights

Opinion »
Mandating Health Insurance

Is requiring every American to have insurance the best way to begin health care reform?

Movies »
Trapped in Time With a Bunch of Dopey Dinosaurs
Trapped in Time With a Bunch of Dopey Dinosaurs

Opinion »
Morris: Bamboozling Ourselves (Part 7)
Morris: Bamboozling Ourselves (Part 7)

Travel »
36 Hours in Williamsburg, Va.
36 Hours in Williamsburg, Va.

Escapes »
A Retreat Groomed to Sate a Need to Ski

Movies »
Practicing Virtue, and Proud of It

Art & Design »
Putting 'Primitive' to Rest

Opinion »
Judith Warner: Dr. Tiller's Important Job

Why the strict enforcement of all laws against harassment of abortion providers is needed.

U.S. »
Greening the Herds: A New Diet to Cap Gas

Opinion »
Op-Art: Class Act
Home

* World
* U.S.
* N.Y. / Region
* Business
* Technology
* Science
* Health
* Sports
* Opinion
* Arts
* Style
* Travel
* Jobs
* Real Estate
* Automobiles
* Back to Top

Copyright 2009 The New York Times Company

* Privacy Policy
* Search
* Corrections
* RSS
* First Look
* Help
* Contact Us
* Work for Us
* Site Map

ECONOMICS SCENE: CAN THE .U.S MANAGE CHINA'S ECONOMICS COMEBACK?

2009-06-30T19:09:00.001-07:00

* Home
* About / Help
* Text
* relocation.com

CSMonitor.com
The Christian Science Monitor

* World
o Africa,
o Americas,
o Asia Pacific,
o Asia: South & Central,
o Europe,
o Middle East,
o Global Issues
* USA
o Politics
o Economy
o Foreign Policy
o Justice
o Military
o Society & Culture
* Commentary
o The Monitor's View
o Opinion
o Letters to the Editor
* Money
* Environment
o Alternative Energy
o Living Green
o Global Warming
o Wildlife
* Innovation
o Sci / Tech
o Pioneers
o Responsible Tech
o Tech Culture
* Arts & Entertainment
o Art
o Movies
o Music / Performing Arts
o Sports
o TV
* Books
o Book reviews
o News
o Readers' picks
* Living
o Family / Parenting
o Food
o Home & Community
o Religion & Ethics
o Travel
* Learning
* The Home Forum
o Essays
o Kidspace
o Poetry
o Articles on Christian Science

* Surviving & Thriving
* Path to Recovery
* Growth for Tomorrow

The New Economy

An investor walks past an electronic board with stock information at a brokerage house in Wuhan.
(Reuters)
Enlarge

Photos (1 of 1)
ECONOMIC SCENE: Can the US manage China's economic comeback?

The giant's revival will help cushion the blow of falling global output. But the Obama administration will need to take care in its dealings.
By David R. Francis | Staff Writer/ June 5, 2009 edition

* Print this
* Letter to the Editor
* Republish
* Email and share
* Get e-mail alerts
* RSS

China's back.

After a pause at the end of 2008, China's economy rebounded in the first quarter of this year to an annual real growth rate of 6.1 percent in its output of goods and services. That's about half China's astonishing annual growth rate in gross domestic product (GDP) a few years back.

Nonetheless, it's welcome news for the rest of the world.

While global output is expected to fall 1.3 percent overall this year, according to the International Monetary Fund (IMF), China's economic revival will help cushion the blow. Its industries will boost their purchases of expensive machinery and other capital goods from the United States and Europe – and buy more oil and raw materials from other nations.

Though the average income of an individual Chinese is only about $3,000, China, with its 1.3 billion people, has the world's third-largest economy after the US and Japan. China has about 10 percent of world GDP, compared with 25 percent for the US. So China's recovery will have less impact globally than one in the US.

Nevertheless, China represents "the gold standard" in terms of responding to today's "Great Recession," says Nicholas Lardy, an economist with the Peterson Institute for International Economics in Washington. China's stimulus package, announced last year, was bigger relative to the size of its economy than that of any other country, including the US.

The IMF predicts China's economy will grow 6.5 percent this year, 7.5 percent in 2010. That may help to whittle down China's trade surplus with the US, but barring a surprise, the deficit will remain large.

That's a cause for complaint from the AFL-CIO, the nation's top labor organization. It regards China's surplus as a drag on US manufacturing. Last year, China exported goods worth five times more than it imported from the US, says Thea Lee, the federation's policy director in Washington. The trade deficit with China amounted to $256 billion. To Ms. Lee and some other economists, the deficit is a result of unfair trade practices by China, including keeping its currency undervalued and subsidizing exports.

By supporting congressional action, the AFL-CIO will be trying to pressure the Obama administration to be tougher in its economic dealings with China. Representatives Tim Ryan (D) of Ohio and Tim Murphy (R) of Pennsylvania have a bill demanding that the administration tackle any currency manipulation by taking strong remedial measures through the World Trade Organization.

NOTE: last year , the china's exported goods worth fives times more than it important from the u.s , says thea lee , the federation's policy director in washington.

So far the administration has acted cautiously in its dealings with China, which has piled up perhaps $1.5 trillion in US government securities. It did not formally declare that China manipulates its currency in a mid-April review of exchange-rate policies, for instance. The value of the yuan has risen 20 percent since mid-2005. Probably 15 percent more is needed, says Mr. Lardy.

With the US unemployment rate headed upward, Congress might pass "China bashing" trade legislation this year or in early 2010, Stephen Roach, chairman of investment bank Morgan Stanley Asia, warned in a recent analysis. He figures it's a 25 to 33 percent probability.

If Congress does act, he figures Beijing would retaliate. It "would instruct its foreign-exchange-currency managers to boycott the next US Treasury auction" of federal debt instruments, he writes. This would trigger "a full-blown crisis in the dollar and a related spike in real long-term US interest rates that would exact a severe toll on a bruised and battered US economy" and the rest of the world.

( More stories )
Comments
Leave a Comment

Name (required)

Website

By clicking "Submit Comment", you agree to our Terms of Service.

We do not publish all comments, and we do not publish comments immediately. The comments feature is a forum to discuss the ideas in our stories. Constructive debate - even pointed disagreement - is welcome, but personal attacks on other commenters are not, and will not be published.

Tip: Do not write a novel. Keep it short. We will not publish lengthy comments. Come up with your own statements. This is not a place to cut and paste an email you received. If we recognize it as such, we won't post it.

Please do not post any comments that are commercial in nature or that violate copyrights.

Finally, we will not publish any comments that we regard as obscene, defamatory, or intended to incite violence.
Most viewed

1. Obama proclaims an end to Bush's regime-change doctrine
2. In Dresden and Nazi camp, Obama highlights capacity for reconstruction
3. Biden: more US stimulus ahead
4. 'Jet fuel' slicks not from Air France flight
5. In apes' giggles, scientists find an important evolutionary clue
6. If Nigeria turns a corner, women will be steering
7. Berlusconi's 'innocent' pictures published in Spain
8. Israelis react to Obama's speech
9. The fate of Sri Lanka's Tamils after the Tigers
10. Gov't slams door on 'rogue' Internet provider, alleging criminal activity

Laurent Belsie The New Economy

Laurent Belsie

06.05.09
Penske's Saturn plan a new model for car industry

It's been done with everything from computer chips to telemarketing. Now, entrepreneur and former racer Roger Penske is going to outsource cars – with a twist.
He hopes to commission US manufacturers to make the cars he sells.
Under a tentative deal announced Friday, Mr. Penske will buy Saturn's powerful network of dealers from General Motors and […]

Continue...
Topics
Most recently in the news:

* Growth for Tomorrow (15)
* Path to Recovery (183)

* Surviving and Thriving (32)

Ads by Google (About these ads)
Sponsored Links
Booking Agency

Grabow Entertainment Agency
Business Resources

Business Cards
Checks
Graphic Design

Logo Design - LogoBee
Real Estate

International Shipping
Mortgage Calculator
Moving
Moving Companies
Real Estate
Speakers Bureau

Motivational Speakers
Web Services

Dedicated Servers
Web Hosting

* Home |
* About Us/Help |
* Site Map |
* Feedback |
* Contact Us |
* Subscribe |
* Archive |
* Corrections |
* Make Us Your Home Page

* Privacy Policy |
* Rights & Permissions |
* Terms of Service |
* Advertise With Us |
* Monitor Mall |
* Today's Article on Christian Science

www.csmonitor.com | Copyright © 2008 The Christian Science Monitor. All rights reserved.

[close]

AHEAD OF THE NFP: A MJOR CURRENCY SWING POINT

2009-06-30T05:19:00.001-07:00

*
HOME
*
POLITICS & POLICY
*
INDUSTRIES
*
GLOBAL MARKETS
*
TECHNOLOGY
*
EDUCATION
*
TRAVEL
*
REAL ESTATE
*
AUTO
*
LIFE & STYLE

IBT FX Center
Brokers
Brokers
Get Forex Rebates
News
Forex News
World Currencies
Central Banks
Global Markets News
Political News
Commodities
Fundamentals
Commentaries
Fundamental Reports
World Interest Rates
Economic Indicator
Interest Rates
Economic Time Series
Economic Calendar
Technicals
Commentaries
Technical Analysis
Forecast
Trading Signals
Trading Strategy
Commodities
Blogs
Forexperts
Education
Beginners
Technical Education
Videos
Conventions
Tools
Rates & Charts
Live Charts Panel
Live Flash Chart
Live Currency Rates
Live Forex Chart
Webinars
Schedule
Transcripts
Forex Search
Search by Providers »
Provider
Author
Global Interest Rates
Australia 3%
Canada 0.25%
EMU 1%
Japan 0.1%
Swiss 0.25%
England 0.5%
US 0.25%
Data by fxstreet.com
More
Forex News
Subscribe Now
Advertisements

Dollar Stable In Quiet Dealing Ahead of Jobs Report < RBA Assistant Governor Says Conditions Improved In Financial Markets < Estonian Consumer Prices Register First Ever Annual Fall In May < Trichet Notes Signs of European Money Market Revival; Hurley Sees Gradual Eurozone Recovery Next Year < Canadian Unemployment Rate Jumps To 8.4% As Economy Sheds Jobs < Mortgage Rates, The Fed And Treasuries < Malaysia International Reserves Increase < Romania Hourly Labor Costs Decline In Q1 < Signs Of Revival In Functioning Of European Money Markets: ECB's Trichet < Iceland Wages Continue To Rise In Q1 <
Fundamental Reports
Forex Center > News > Fundamental Reports
Ahead Of The NFP: A Mjor Currency Swing Point
05 Jun, 2009 @ 05:53 am ET
AddThis
The LFB

* Comments comments
*
0
* Votes ?

* email EMAIL
* print PRINT
* TEXT SIZE : A A A

www.TheLFB-Forex.com TheLFB is a Forex Trader Portal

Ahead of the U.S. Non-farm Payroll releases the market is set to really be able to easily move either way on the dollar; technically the major pairs have reversed from overbought and are now at a swing point, and fundamentally the Canadian and U.S. employment reads are about to be absorbed into the global business cycle story. All of the majors are trading within their pivot point trading ranges, and most are holding close to their opening prices.

The reaction to the fundamental releases on Friday will be most clearly seen in equity market trade, and it will be stock futures moves that will reveal where the Usd is likely to trade; Long Stocks will likely equate to Short Dollars, and vice versa. Trying to piece together the NFP pieces can be hard, it is far easier to just look to the reaction in the major pairs via the equity market. The Canadian release at 07:00 EDT has historically not moved valuations too far ahead of the 08:30 EDT U.S. numbers; not to say that they are any less important, they just tend to get less attention on what historically is a strong day of movement.

NOTE: the canadian realease at 07:00 EDT has has historically not moved valuations too far ahead of the 08:30 EDT. U.S numbers;.

"We will update with signals nearer to the releases, trying to plan ahead on what is normally a volatile trading day is hard to do, but we will look to the near-term price action points ahead of the NFP release and review the pairs with the best looking potential to follow through," TheLFB Trade Team said.
Articles contributed by thelfb-forex.com
NEXT ARTICLE : Currency Pair Overview Majors Restrained Ahead Of NFP Release
Click the button to vote for this article
Loading status ...

* email EMAIL
* print PRINT
* TEXT SIZE : A A A

More Fundamental Reports

* Trading A Non-Farm Payroll Friday Today 5:53 AM ET
* European Markets Advance, Despite U.K. Problems Today 5:53 AM ET
* U.K. PPI Output Prices Turn Negative Today 5:23 AM ET

More FROM The LFB

* Swiss CPI Rose 0.2% In May, As Expected Today 3:53 AM ET
* Currency Pair Overview Major Currencies Move Toward A Regional Story Jun 04, 2009 10:53PM
* Asian And U.S. Markets Advance On Financials, Commodities Jun 04, 2009 10:53PM

Follow Forex Ticker on Twitter >

advertisement
advertisement
IBTimes.com: POLITICS & POLICY | INDUSTRIES | GLOBAL MARKETS | TECHNOLOGY | EDUCATION | TRAVEL | REAL ESTATE | AUTOS | LIFE & STYLE
More IBTimes: Archive | RSS | Forex | Commodities | Education | Mining News | Gulf Business | Financial Glossary | Media Kit | Global Media Kit | Press Release
International Editions: Australia | Brazil | China | Germany | Hong Kong | India | Indonesia | Japan | Mexico | South Korea | United Kingdom | United States

IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
ALL NEW IBTIMES NEWSLETTERS
Receive a daily summary of the essential news in your industry and stay on top of changing trends

close
I want to subscribe to all free newsletters.

TOP FINANCE 1

Stay ahead of new developments and trends moving the market, with coverage of the capital, commodity, currency markets, and insurance markets.

TECH INSIDER 5

Stay connected with the technology world, with product, business and industry news about the latest consumer electronics, gadgets and the web.

DAILY INVESTOR 2

Stay ahead of new developments and trends moving the market, with coverage of the capital, commodity, currency markets, and insurance markets.

THE OPINION DESK 6

With engaging views from top academics and economists and debates that go beyond the headlines, stay ahead of the situation through columns and editorials that interpret today's latest events and seek to set the direction for what's next.

FX INSIGHTS 3

Up-to-date forex news, daily technical analysis, fundamental reports, blogs and forexpert analysis, for mastering forex trading.

TRAVEL GUIDE 7

Keep up with your favorite Travel Channel shows, see what's new on the website and get special offers.

EXCLUSIVE OFFERS 4

Receive updates and exclusive offers from IBTimes.com and carefully selected partners.

Do not show again
Email
StatCounter - Free Web Tracker and Counter
»
Bookmark & Share
X
Select from these web-based feed readers:
AOL
Bloglines
Google Reader
My MSN
Netvibes
NewsGator
Newsisfree
Pageflakes
Technorati
Windows Live
Yahoo
No matching services.
AIM
Ask
Backflip
BallHype
Bebo
Blogger
Blogmarks
Buzz
Delicious
Digg
Diigo
Email
Facebook
Fark
Faves
Favorites
FriendFeed
Google
Kaboodle
kIRTSY
Link-a-Gogo
LinkedIn
Live
Mister Wong
Mixx
Multiply
myAOL
MySpace
Netvibes
Netvouz
Newsvine
Plaxo
Print
Propeller
Reddit
Simpy
Slashdot
Spurl
StumbleUpon
Stylehive
Technorati
ThisNext
Tumblr
Twitter
TypePad
WordPress
Y! Bookmarks
Yardbarker
Done
Message sent! Share again.
AddThis for FirefoxNEW
Bookmark, email or share any page, anytime.
Install
Use Address Book
To: (email address)
From: (email address)Note: (optional)
255 character limit
What's this?PrivacyAddThis
Bookmark & Share
To:
From:
Note:

Email
Favorites
Print
Delicious
Digg
Google
MySpace
Live
Facebook
StumbleUpon
Twitter
More ...
What's this?AddThis

WORL FOREX : EURO RECOVERS FROM 1--WK LOW AFTER ECB REMARKS

2009-06-29T04:59:00.001-07:00

*
*
*
*
*
*
* More
o SmartMoney.com
o BigCharts
o Virtual Stock Exchange
o All Things D
o Barron's
o Financial News Online
o FiLife.com
o WSJ Portuguese
o WSJ Spanish

SEARCH

* Thursday, June 4, 2009 As of 10:39 PM (GMT +8 hours)
Business
o Welcome, Logout
o
+ My Account
+ My Journal
+ Help
+ Message Center ( new)

*
Asia Edition

WSJ.com is available in the following editions and languages:
o U.S.
o Asia
+ India
+ China
o Europe
o Americas
+ en Español
+ em Português
o Login/Register to set your edition
o Set my edition
o Today's Paper
o Video
o Columns
o Blogs
o Topics
o Journal Community

Register for FREE
Register for FREE

Thank you for registering.

We sent an email to:

Please click on the link inside the email to complete your registration

Please register to gain free access to WSJ tools.

An account already exists for the email address entered.

Forgot your username or password?

This service is temporary unavailable due to system maintenance. Please try again later.

The username entered is already associated with
another account. Please enter a different username

The email address you have entered is already in use.
Please re-enter the email address.
o
First Name
o
Last Name
o
Email Address
o
Create a User Name
o
Create a Password
o
Confirm Password

Send me information about more WSJ features

Create a profile for me in the Journal Community

Why Register?

Privacy Policy | Terms & Conditions

As a registered user of The Wall Street Journal Online, you will be able to:
o

Setup and manage your portfolio
o

Personalize your own news page
o

Receive and manage newsletters
Log In
Log In
User Name
Password
Log in

Remember me Forgot your password?

close window Close

* Home
* World
* Business
* Markets
* Market Data
* Tech
* Life & Style
* Opinion
*
expand More
o Careers
o Real Estate
o Small Business
o Personal Finance

* Asia
* Asia 200
* Europe
* Economy
* Energy
* Management
* Managing in Asia
* Media & Marketing
*
expand More Industries

up down
o Accounting
o Advertising
o Airlines
o Autos
o Banking
o Chemicals
o Computer Hardware
o Computer Software
o Consumer Products
o Defense & Aerospace
o Entertainment
o Financial Services & Insurance
o Food & Tobacco
o Health
o Hospitality
o Industrial Goods & Services
o Internet
o Law
o Marketing & Strategy
o Media
o Metals & Mining
o Paper & Forest Products
o Pharmaceutical & Biotech
o Real Estate
o Retail
o Semiconductors
o Transportation
o Telecommunications
o Utilities
* Columns & Blogs
*

* JUNE 4, 2009, 10:39 A.M. ET

WORLD FOREX: Euro Recovers From 1-Wk Low After ECB Remarks

* Article

* Email
* Printer
Friendly
* Share:

Yahoo Buzz ↓ More
o facebook
o MySpace
o LinkedIn
o Digg
o del.icio.us
o NewsVine
o StumbleUpon
o Mixx
* smaller Text larger

By Riva Froymovich
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--The euro has recovered from a one-week low versus the dollar Thursday morning, but is trading inside a very narrow range.

Mixed signals in remarks by European Central Bank President Jean Claude Trichet, after the bank left interest rates unchanged at 1.0%, have left the common currency little changed on the day.

Trichet stressed that euro zone policy makers are already thinking about exit strategies from easing mode. He also said that the ECB isn't considering expanding its EUR60 billion covered bond purchase program, or any other non-standard easing measures.

This helped to boost the common currency against the U.S. unit, as the Federal Reserve is seen as possibly expanding its Treasury purchases.

However, those gains have been shaky, with the euro sometimes slipping on the day. Trichet remained very cautious on the euro zone's growth outlook. He also spoke on the importance of a strong dollar policy in the U.S. in response to a question on the euro's three-month rally.

The greenback rebounded from a 2009 low Wednesday on the re-emergence of caution in the market following weeks of rallying for riskier assets. U.S. stocks are falling again Thursday.

However, trading is overall inside a narrow range ahead of the much awaited May U.S. payrolls report to be released Friday.

Thursday morning in New York, the euro was at $1.4163 from $1.4145 late Wednesday. The dollar was at Y96.19 from Y95.97, according to EBS. The euro was at Y136.25 from Y135.73, and the U.K. pound was at $1.6170 from $1.6283. The dollar was at CHF1.0695 from CHF1.0715 Wednesday.

Earlier, the euro and U.K. pound fell to intraday lows against the dollar.

The Bank of England also voted to keep rates unchanged, and while the central banks' decisions were widely expected, traders were taking every opportunity to liquidate some of the riskier positions accumulated over the past weeks on the conviction that the market may have gotten too far ahead of itself.

NOTE: the bank of england also voted to keep rates unchanges, traders werev talking every opportunity to liquidate some of the riskier positions accumulated over the past week.

The sell-off also came amid chatter that U.K. Prime Minister Gordon Brown might resign, which has since been denied by the government.

His exit would be seen as a blow to economic stimulus policies, and result in a further unwind of risk, said Neil Jones, head of hedge-fund sales at Mizuho Corporate Bank in London.

The euro had fallen as low as $1.4070, while the pound declined to $1.6084.

Emerging markets in Europe were also shaky Thursday. Assets continued to feel the fallout from Latvia's escalating financial crisis, particularly the Hungarian forint and Polish zloty.

Signs that Latvia's economic woes are worsening have prompted speculation that authorities could be preparing to drop their currency's peg to the euro, despite repeated official denials.

The Latvian central bank Thursday said it will maintain the stability of the national currency until the euro can be adopted.

A European Commission spokesman said earlier Thursday that European Union and International Monetary Fund officials are currently in Latvia "assessing the situation."

Bank-lending rates in Latvia rose to record highs Thursday, a new sign of a growing liquidity shortage.

Swedish banks, which are heavily exposed in the Baltic region, saw their stock prices recover heavy losses Thursday after the Swedish government pledged support to any Swedish banks running into trouble. But the Swedish krona remains near the low end of its recent trading ranges against the dollar and euro after falling sharply Wednesday.

Sweden's finance minister said Thursday that Latvia's economic situation is "very worrisome" and it is now vital that the Baltic country's government doesn't let its budget deficit spiral out of control.

Elsewhere, Russia's central bank lowered key interest rates Thursday by 50 basis points, the third cut in six weeks, in an effort to revive Russia's shrinking economy. Many analysts expected the move.

Canada Morning

The Canadian dollar is higher in quiet trading Thursday morning, and did not react significantly to the Bank of Canada's decision to keep its key interest rate unchanged at 0.25%.

The BOC said financial conditions and commodity prices have improved significantly in recent weeks, and consumer and business confidence have recovered modestly.

However, it warned that if "the unprecedentedly rapid rise" in the Canadian dollar - due to a combination of higher commodity prices and a generally weaker U.S. currency - persists, "it could fully offset these positive factors."

The BOC said it didn't engage in any quantitative easing measures, but added that it retains considerable flexibility in the conduct of monetary policy at low interest rates, consistent with the framework outlined in the April policy report.

The U.S. dollar had reached a one-week high of C$1.1157 in earlier trade, but had slumped to the C$1.1060-area before the bank's statement.

Recently, the U.S. dollar was trading at C$1.1068 from C$1.1102 late Wednesday.

-By Riva Froymovich, Dow Jones Newswires; 201 938-5063; riva.froymovich@dowjones.com

(Don Curren in Toronto and Katie Martin and Clare Connaghan in London contributed to this report.)

* Email
* Printer Friendly
* Order Reprints
*
*
Share:
o

Yahoo! Buzz
Yahoo Buzz
o

facebook
facebook
o

MySpace
MySpace
o

LinkedIn
LinkedIn
o

Digg
Digg
o

del.icio.us
del.icio.us
o

NewsVine
NewsVine
o

StumbleUpon
StumbleUpon
o

Mixx
Mixx
*

Editors' Picks

* previous
*
* next

* [Leg Room]
Airlines at It Again: Less Legroom
* [Madden]
New Videogames Feature Classic Faces
* [Dwight Howard]
The Return of 'Chocolate Thunder'
* [new york city ballet]
In Lincoln Kirstein's Shadow
* [allen toussaint]
Jazz Standards, Toussaint-Style
*

Subscriber Content Read Preview
[coca-cola and africa and novida]
Soft-Drink War Rages in Kenya
* [randy johnson]
Randy, the Babe Ruth of Beanballs
* [tsar]
Glories of Gift-Giving Diplomacy
* [Darcy James Argue and Secret Society.]
Not Your Grandpa's Big Bands
* [Frank Ricci, seen in September 2007 during a test of fire-fighting equipment. He is the lead plaintiff in a job-discrimination case in New Haven, Conn.]
Cities Yearn for Clarity on Bias in Hiring
* [The Julia Child garden.]
The Sweet Smell of Success
* [Manage]
What Won't You Do for a Job?
* [darren helm]
Rise of the Postseason Hell-Raisers
* [E-Cigarettes]
E-Cigarettes Stir Controversy
* [modern wing art institute of chicago]
A Modern Wing Takes Flight

* back to top
*
WSJ.com Account:
o My Account
o Subscriber Billing Info
Create an Account:
o Register for Free
o Subscribe Now
Help & Information Center:
o Help
o Customer Service
o Contact Us
o New on WSJ.com
o Tour the new Journal
*
About:
o News Licensing
o Advertising
o Conferences
o About Dow Jones
o Privacy Policy - Updated
o Subscriber Agreement & Terms of Use - Updated
o Copyright Policy
o Jobs at WSJ.com
o Future Leadership Program
*
WSJ.com:
o Site Map
o Home
o World
o U.S.
o Business
o Markets
o Market Data
o Tech
o Personal Finance
o Life & Style
o Opinion
o Autos
o Careers
o Real Estate
o Small Business
o Corrections
*
Tools & Formats
o Today's Paper
o Video Center
o Graphics
o Columns
o Blogs
o Alerts
o Newsletters
o Mobile
o Podcasts
o RSS Feeds
o Journal Community
+ - Message Center
o Forums
o My Journal
*
The Wall Street JournalDigital Network
o WSJ.com
o Marketwatch.com
o Barrons.com
o SmartMoney.com
o AllThingsD.com
o FiLife.com
o BigCharts.com
o Far Eastern Economic Review
o Virtual Stock Exchange
o WSJ U.S. Edition
o WSJ Asia Edition
o WSJ Europe Edition
o WSJ India Page
o
Foreign language editions:
o WSJ Chinese
o WSJ Portuguese
o WSJ Spanish

ACAP Enabled Copyright ©2009 Dow Jones & Company, Inc. All Rights Reserved

WORLD FOREX:GPB STILL WAEK ON POLITICS ; US JOB DATA AWAITED

2009-06-28T04:41:00.001-07:00

*
*
*
*
*
*
* More
o SmartMoney.com
o BigCharts
o Virtual Stock Exchange
o All Things D
o Barron's
o Financial News Online
o FiLife.com
o WSJ Portuguese
o WSJ Spanish

SEARCH

* Friday, June 5, 2009 As of 1:55 PM (GMT +8 hours)
Business
o Welcome, Logout
o
+ My Account
+ My Journal
+ Help
+ Message Center ( new)

*
Asia Edition

WSJ.com is available in the following editions and languages:
o U.S.
o Asia
+ India
+ China
o Europe
o Americas
+ en Español
+ em Português
o Login/Register to set your edition
o Set my edition
o Today's Paper
o Video
o Columns
o Blogs
o Topics
o Journal Community

Register for FREE
Register for FREE

Thank you for registering.

We sent an email to:

Please click on the link inside the email to complete your registration

Please register to gain free access to WSJ tools.

An account already exists for the email address entered.

Forgot your username or password?

This service is temporary unavailable due to system maintenance. Please try again later.

The username entered is already associated with
another account. Please enter a different username

The email address you have entered is already in use.
Please re-enter the email address.
o
First Name
o
Last Name
o
Email Address
o
Create a User Name
o
Create a Password
o
Confirm Password

Send me information about more WSJ features

Create a profile for me in the Journal Community

Why Register?

Privacy Policy | Terms & Conditions

As a registered user of The Wall Street Journal Online, you will be able to:
o

Setup and manage your portfolio
o

Personalize your own news page
o

Receive and manage newsletters
Log In
Log In
User Name
Password
Log in

Remember me Forgot your password?

close window Close

* Home
* World
* Business
* Markets
* Market Data
* Tech
* Life & Style
* Opinion
*
expand More
o Careers
o Real Estate
o Small Business
o Personal Finance

* Asia
* Asia 200
* Europe
* Economy
* Energy
* Management
* Managing in Asia
* Media & Marketing
*
expand More Industries

up down
o Accounting
o Advertising
o Airlines
o Autos
o Banking
o Chemicals
o Computer Hardware
o Computer Software
o Consumer Products
o Defense & Aerospace
o Entertainment
o Financial Services & Insurance
o Food & Tobacco
o Health
o Hospitality
o Industrial Goods & Services
o Internet
o Law
o Marketing & Strategy
o Media
o Metals & Mining
o Paper & Forest Products
o Pharmaceutical & Biotech
o Real Estate
o Retail
o Semiconductors
o Transportation
o Telecommunications
o Utilities
* Columns & Blogs
*

* JUNE 5, 2009, 1:55 A.M. ET

WORLD FOREX: GBP Still Weak On Politics; US Job Data Awaited

* Article

* Email
* Printer
Friendly
* Share:

Yahoo Buzz ↓ More
o facebook
o MySpace
o LinkedIn
o Digg
o del.icio.us
o NewsVine
o StumbleUpon
o Mixx
* smaller Text larger

TOKYO (Dow Jones)--The yen weakened slightly against the dollar and euro in Asian trading Friday as a continued strong Japanese share market performance led to more risk tolerance, to the detriment of the major funding currency.

But trading was subdued as the market wanted to see the results of U.S. non-farm payrolls data later in the day before building large positions, traders said.

The U.K. pound, meanwhile, continued to languish on lingering political uncertainties in the U.K.

Sterling plunged Thursday on rumors U.K. Prime Minister Gordon Brown was planning to resign, and London's quick dismissal of the talk as "nonsense" wasn't enough to restore confidence in the U.K. currency.

Making the outlook even murkier was U.K. Work and Pensions Secretary James Purnell's announcement early in the Asian day he quit Cabinet and called for Brown to stand down.

"His resignation fuels fear of widespread dissent within the party," said RBC Capital Markets.

The U.K. currency is trading around $1.6070, much lower than $1.6185 in New York Thursday.

Westpac senior currency strategist Sean Callow said the pound is likely to hold above the recent low around $1.6095 in Asian trade ahead of U.S. payrolls data, because the market will be hesitant to make a big bet before the key jobs indicator comes out.

A Dow Jones Newswires poll of economists forecasts that the May U.S. data, due at 1230 GMT, would show a 525,000 decline in jobs, after 539,000 jobs were lost in April.

"The results of recent U.S. economic indicators have been mixed, so we can't trade with confidence," said Jun Kato, a senior dealer at Shinkin Central Bank. "I don't want to make any bets until I get some good trading materials."

The retreat of risk aversion as world share prices rose weighed on low-yielding currencies such as the yen and dollar, used to fund risky investments. The U.S. dollar index, which measures the currency's value against six overseas units, including the euro, stood at 79.36 from 79.43.

NOTE:The dollar index , witch measure the currency's value against six overseas units. used to fund risky investments.

Reflecting the share market's bullishness, the Nikkei 225 Stock Average is up 0.7% around 0540 GMT.

Interbank Foreign Exchange Rates At 00:50 EDT / 0450 GMT
Latest Previous %Chg Daily Daily %Chg
Dollar Rates 2150 GMT High Low 12/31
USD/JPY Yen 96.73-76 96.64-66 +0.09 96.90 96.58 +6.77
EUR/USD Euro 1.4195-00 1.4179-80 +0.11 1.4214 1.4163 +1.55
GBP/USD Sterling 1.6119-24 1.6183-88 -0.40 1.6162 1.6106 +10.21
USD/CHF Swiss Franc 1.0676-82 1.0687-97 -0.10 1.0698 1.0665 +0.07
USD/CAD Canadian Dlr 1.0987-90 1.0967-72 +0.18 1.0994 1.0980 -9.68
AUD/USD Australian Dlr 0.8038-43 0.8022-24 +0.20 0.8045 0.7991 +13.64
NZD/USD New Zealand Dlr 0.6354-61 0.6344-47 +0.16 0.6363 0.6310 +8.89
EUR/JPY Yen 137.34-37 137.03-06 +0.23 137.68 136.85 +8.45

-By Takashi Mochizuki and Kenneth McCallum, Dow Jones Newswires; 813-6895-7554; takashi.mochizuki@dowjones.com, ken.mccallum@dowjones.com

* Email
* Printer Friendly
* Order Reprints
*
*
Share:
o

Yahoo! Buzz
Yahoo Buzz
o

facebook
facebook
o

MySpace
MySpace
o

LinkedIn
LinkedIn
o

Digg
Digg
o

del.icio.us
del.icio.us
o

NewsVine
NewsVine
o

StumbleUpon
StumbleUpon
o

Mixx
Mixx
*

Editors' Picks

* previous
*
* next

* [Zhou Pin with his now-missing bride]
Surplus of Bachelors Spurs Scam in China
* [Science Journal]
Origami at the Molecular Level
* [WK-AP984_ADVISE_C_20090604195307.jpg]
More Than a Belly Laugh
* [Walt Mossberg reviews Palm's new Pre phone]
Palm's New Pre Takes On iPhone
* [Ahmed Baougi, left, and Mustafa Aleyli talk politics near the port in Sidon.]
In Lebanon's Election, Reeling in Fishermen
*

Subscriber Content Read Preview
[Skyscraper]
Big-City Skyscraper Burns Ozark Town
* [The Maeslant Barrier near Rotterdam, Netherlands, is among the structures that inspired the Houston-area coastal-wall concept, said Bill Merrell, the Texas A&M professor who first proposed the project.]
Houston Plans Hurricane Barrier
* [Leg Room]
Airlines at It Again: Less Legroom
* [Madden]
New Videogames Feature Classic Faces
* [Dwight Howard]
The Return of 'Chocolate Thunder'
* [allen toussaint]
Jazz Standards, Toussaint-Style
* [new york city ballet]
In Lincoln Kirstein's Shadow
*

Subscriber Content Read Preview
[coca-cola and africa and novida]
Soft-Drink War Rages in Kenya
* [randy johnson]
Randy, the Babe Ruth of Beanballs
* [tsar]
Glories of Gift-Giving Diplomacy
* [Darcy James Argue and Secret Society.]
Not Your Grandpa's Big Bands
* [The Julia Child garden.]
The Sweet Smell of Success
* [Frank Ricci, seen in September 2007 during a test of fire-fighting equipment. He is the lead plaintiff in a job-discrimination case in New Haven, Conn.]
Cities Yearn for Clarity on Bias in Hiring
* [Manage]
What Won't You Do for a Job?

* back to top
*
WSJ.com Account:
o My Account
o Subscriber Billing Info
Create an Account:
o Register for Free
o Subscribe Now
Help & Information Center:
o Help
o Customer Service
o Contact Us
o New on WSJ.com
o Tour the new Journal
*
About:
o News Licensing
o Advertising
o Conferences
o About Dow Jones
o Privacy Policy - Updated
o Subscriber Agreement & Terms of Use - Updated
o Copyright Policy
o Jobs at WSJ.com
o Future Leadership Program
*
WSJ.com:
o Site Map
o Home
o World
o U.S.
o Business
o Markets
o Market Data
o Tech
o Personal Finance
o Life & Style
o Opinion
o Autos
o Careers
o Real Estate
o Small Business
o Corrections
*
Tools & Formats
o Today's Paper
o Video Center
o Graphics
o Columns
o Blogs
o Alerts
o Newsletters
o Mobile
o Podcasts
o RSS Feeds
o Journal Community
+ - Message Center
o Forums
o My Journal
*
The Wall Street JournalDigital Network
o WSJ.com
o Marketwatch.com
o Barrons.com
o SmartMoney.com
o AllThingsD.com
o FiLife.com
o BigCharts.com
o Far Eastern Economic Review
o Virtual Stock Exchange
o WSJ U.S. Edition
o WSJ Asia Edition
o WSJ Europe Edition
o WSJ India Page
o
Foreign language editions:
o WSJ Chinese
o WSJ Portuguese
o WSJ Spanish

ACAP Enabled Copyright ©2009 Dow Jones & Company, Inc. All Rights Reserved

UPDATE: STAPLES WON'T ESTIMATE RESULTS; PROFIT DOWN MORE THAN FORCAST

2009-04-30T02:38:00.001-07:00

CNNMoney.com

*
*
*
*
*
*
*
*
*
*

* Subscribe to Fortune
* Make CNNMoney my Homepage
* Add to Favorites

* Home
* Business News
* Markets
* Personal Finance
* Retirement
* Technology
* Luxury
* Small Business
* Fortune

* Video
* My Portfolio
* CNN.com

Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds Help Desk Loan Center Best Places to Live Ask the Expert Millionaires in the Making Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Personal Tech Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
TRADING
CENTER

UPDATE: Staples Won't Estimate Results; Profit Down More Than Forecast
Dow Jones
March 11, 2009: 09:47 AM ET

NEW YORK (Dow Jones) -- Staples Inc.'s fourth-quarter profit dropped 14% as the recession and the worst jobless rate in over a quarter of a century led to lower demand for bigger-ticket items such as computers and furniture, financial results showed Wednesday.

Framingham, Mass.-based Staples (SPLS), the largest retailer of office supplies, also said it's not providing profit and sales forecasts for the first quarter ending in April and for the full fiscal year as it expects weak economic climate to continue throughout the year.

Staples' shares fell 4.7% in pre-market trading.

Net income fell to $286 million, or 40 cents a share, in the three months ended Jan. 31, down from $333.2 million, or 47 cents, earned in the year-earlier fourth quarter.

Quarterly sales increased 16% to $6.17 billion from $5.32 billion. Excluding the impact of Staples' purchase of Corporate Express, total company sales decreased 14% to $4.6 billion.

Profit excluding special items tied to the purchase of Corporate Express would have been 36 cents a share, Staples said.

Analysts, on average, had been looking for a fourth-quarter profit of 41 cents a share, according to FactSet Research.

Like other office-supplies retailers, Staples has been hurt by consumers and businesses cutting back on discretionary purchases and holding off on software and hardware upgrades, analysts said.

Staples will continue to control expenses in the face of uncertain sales, management said.

North American delivery unit sales rose 43% in the latest quarter, to $2.5 billion. Excluding the impact of Corporate Express, sales declined 10% to $1.6 billion, hurt by lower spending per existing customer -- particularly on durable categories such as furniture and technology -- while paper and ink sales increased.

NOTE: the lower per spending per exiting costomer are particularly on the durable categories as such of furniture and technology.

North American retail sales dropped 14% to $2.4 billion. Staples' quarterly comparable-store sales fell 13% because of declines in average order size and customer traffic, as well as lagging demand for computers and accessories, business machines, and furniture.

International sales increased 62% to $1.3 billion, reflecting the impact of Corporate Express acquisition.

Excluding Corporate Express, overseas sales dropped 24% from the year-earlier fourth quarter. Comp-store sales in Europe decreased 10%, hurt also by weakness in average order size and customer traffic.

(END) Dow Jones Newswires
03-11-09 0947ET
Copyright (c) 2009 Dow Jones & Company, Inc.

Top of page

More Markets
Bulls make it 4 for 4
Big banks want to paint it black
Bonds fret over stock market, China
The Hot List
100 best places to start a business
Diesel: The truck stops here
'You're working for gas now'

Top Stories
America's vanishing cars
Bulls make it 4 for 4
Big banks want to paint it black
Obama economy czar: Recovery date unclear
Geithner needs to lure hungry investors
Get a FREE TRIAL Issue!
Cover
Outside the U.S. and
Canada, click here.

*
*
*
*
*
* Privacy Policy

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Home Portfolio Calculators Contact Us Newsletters Podcasts RSS Mobile Widgets Press Center Site Map User Preferences
Advertise with Us Magazine Customer Service Download Fortune Lists Reprints Career Opportunities Special Sections Conferences Business Leader Council
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Press Center | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
Subscribe to Fortune | Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council

THE NEW CREDIT SQUEEZ: CARD COPANIES CUTTING CREDIT LIMITS

2009-04-28T23:20:00.001-07:00

* News
* Entertainment
* Shopping
* Jobs
* Homes
* Cars
* Classifieds

Statesman.com
Subscribe to the
Type Size: SML
More about: RSS | Wireless Wireless
Search
Site Web Archive
yahoo search button
Register Now | Log In

* News
o Local
o Virtual Capitol
o State
o Got a news tip?
o Inauguration
o Special Reports
o Living Green
o StatesmanWatch
o Local Elections
o Williamson
o John Kelso
o Nation & World
o Last 7 Days
o AP Wire
o Archives
o Corrections
o Lottery
o Obituaries
o Columnists
o Austin guide
* Business
o Technology
o Gas Prices
o Employment
o Real Estate
o Personal Finance
o Area Employers
o Markets
o The Ticker
o PR Newswire
* Sports
o Longhorns
o March Madness
o Aggies
o High Schools
o HS Football
o Kirk Bohls
o Cedric Golden
o Recruiting
o Longhorns GameWeek
o Fiesta Bowl
o Texas State
o Olympics
o Tour de France
o Outdoors
o Capitol 10,000
o Express
o Area Pro Teams
o NFL
o Cowboys
o Texans
o MLB
o Astros
o Rangers
o NBA
o Spurs
o Mavericks
o Rockets
o Golf
o FedEx Kinko's Classic
* Life
o Books
o Camp Guide
o Faith
o Gardening
o Glossy
o Health & Medical
o Life Guide/
Consumer
o Raising Austin
o Living Green
o Style
o Travel
o Weddings
o Columnists
o Arts
o Calendar
o Food & Drink
o TV
o Music
o Movies
o Recreation
o Spas & Salons
o Watercooler
o XLent
* Opinion
o Editorials
o Letters
o Ben Sargent
o Insight
o Grapeshot
o Columnists
* Weather
o Conditions
o Forecast
o Radar
o Weather blog
o Hurricane Ike
o Allergy Report
o Ski Report
o Traffic Updates
o Traffic Cameras
* Blogs
o All Staff Blogs
o All Ablog Austin
o Anders Meanders
o Austin Legal
o Backspin
o Bevo Beat
o Bohl Games
o Charity Chat
o City Beat
o Collective Vision
o Design Notebook
o Express Lane
o First Reading
o Focal Point
o Hill Country Rambler
o Homeroom
o Golden's Nuggets
o Grapeshot
o Kelso's Cranky Corner
o Life Guide
o Mama Drama
o No Limits
o Of Sacred and Secular
o Postcards from the Lege
o Public Capital
o Renee's Roots
o Salsa Verde
o Salud
o ShortCuts
o Starting Up
o Statesman Business Blog
o Somos Austin
o Statesman Watch
o Talk of Austin
o The 12th Word at A&M
o The Blotter
o The Goods
o The lowdown
on higher education
o The Reader
o The Real Deal
o Uncovering Mexico
o Up the Ladder
o Varsity News
o Whole Scoop
o WillCo Wired
o Weather Watch
o More on Austin360
* Multimedia
o Look At Austin
o Photos
o Video
o Interactives
o AP News Video
o HS Sports
* Customer Service
o Site Map
o Contact Us
o Member Center
o E-mail Newsletters
o Subscribe to the paper
o Where to buy a paper
o Buy photos, section fronts
o Other Subscriber Services
o Careers at the Statesman
o Internships
o Community Development
o Newspapers in Education
o Got a news tip?
* Advertise
o Print
o Online
o Classifieds
(Print & Online)
o eTearsheets

Business

* Business
* Technology
* Employment
* Real Estate
* Personal Finance
* Markets
* Last 7 days

E-MAIL PRINT MOST E-MAILED Click-2-Listen Share
What is this? CLOSE
del.icio.us
digg

Newsvine
reddit

Yahoo!
Facebook

MORE BUSINESS NEWS

* Statesman Business Blog: Sales tax revenue falls sharply for most Central Texas cities | Comments (37)
* Public Capital: TRS fund will need a lot more from state, maybe teachers | Comments (77)
* Up the Ladder: Two local nonprofits announce management changes | Comments (0)

* Lawsuit cites complaints at Sabine condo project downtown
* U.S. trade deficit falls to $36 billion in January
* With Madoff in jail, focus shifts to his family
* Stewart-Cramer spat puts spotlight on financial journalism
* Texas cattle losses approaching $1 billion; Nacogdoches man must repay nearly $71 million in Ponzi scam

More on statesman.com

* How to invest in a low-interest rate environment (01/03/2009)
* NAACP says bank giants steered blacks to bad loans (03/13/2009)
* Waters' role in banking meeting questioned; Anna Nicole's ex, docs charged. (03/13/2009)

Expand this list

Related Subjects

* American Express Company
* Business
* Consumer Credit and Debt

Expand this list

MOST E-MAILED STORIES

* Pittman's three-point play lifts Longhorns
* Anna Nicole Smith's boyfriend, doctors charged
* Man gets life for 2007 murder
* Don't go into with-draw-al
* Phelps talks to NBC about marijuana pipe photo

CREDIT SCORES
The new credit squeeze: Card companies cutting credit limits
Some customers say restrictions affect credit scores unfairly

By Alexis Leondis
BLOOMBERG NEWS
Friday, March 13, 2009

NEW YORK — Wayne Brown has a dilemma.

If he reduces the balance on his credit card, American Express Co. will cut his credit limit to the amount of the new balance, he said. If he doesn't make a big payment, his interest rate might skyrocket.

The credit limits on Brown's cards have been lowered, which has raised his debt relative to his available credit. This so-called utilization rate is a key factor in determining credit scores. Brown, a 58-year-old construction company owner in San Diego, has seen his score drop to 650 from 760 in the past 13 months.

NOTE: the credit have a utilization rate isa key factor in determing credit scores.

"Interest rates on all of my cards are going up now, and my minimum payments are almost doubling because it looks like I've maxed out my cards," said Brown, who uses credit cards to finance his homebuilding company. "It's a Catch-22."

About 45 percent of U.S. banks reduced credit limits for new or existing credit card customers in the fourth quarter of 2008, according to a Federal Reserve survey in January of senior loan officers. Financial institutions might slash $2 trillion in credit card lines in the next 18 months, wrote Meredith Whitney, a former Oppenheimer & Co. analyst, in a Nov. 30 report.

"You're no longer immune if you have good credit," said Curtis Arnold, founder of CardRatings.com, a Web site that reviews credit cards. "The issuers hold the cards — literally."

Credit card issuers such as American Express, Citigroup Inc. and JPMorgan Chase & Co. have cut credit limits to guard against risk and prevent delinquency and charge-off rates from increasing, said Arnold, who is based in Little Rock, Ark.

The average charge-off rate, which reflects loans the banks don't expect to be repaid, was 7.1 percent in January, compared with 4.6 percent a year earlier, according to data compiled by Bloomberg.

If credit card limits are decreased, consumers should pay off balances as quickly as possible, consider making online payments before the monthly statement arrives to reduce debt and weigh transferring balances to a card with a lower rate, said Jeff Blyskal, a senior editor of Consumer Reports.

Blyskal, who is based in San Francisco, said consumers should beware of teaser rates and high fees when transferring balances.

Cardholders are likely to damage their credit history if they cancel an older account and lose the available credit on that card, said Emily Peters, San Francisco-based personal finance expert at consumer Web site Credit.com. Credit-score companies look at the total amount of debt relative to credit limits on all credit cards when evaluating scores.

American Express, the largest U.S. credit card company by purchases, is offering $300 to some customers if they pay their balances in full by April 30 to reduce the risk of defaults.

Chase increased the minimum payment to 5 percent from 2 percent for certain borrowers with large balances, and Capital One Financial Corp. increased the rates for new customers on 15 cards, according to Bill Hardekopf, chief executive officer of LowCards.com, a Web site that compares rates of almost 1,100 credit cards.

American Express spokeswoman Desiree Fish said consumers' overall debt levels relative to their financial resources is the primary factor for any credit limit reduction. She declined to comment on the specifics of Brown's case.

Citigroup is lowering credit limits because of the market environment and deterioration of consumer credit, spokesman Samuel Wang said.

In 2008, Chase decreased credit lines or closed accounts totaling $129 billion, said Gordon Smith, JPMorgan's chief executive officer of card services, at a recent investor presentation. Credit lines to new and existing customers were increased by $107 billion, Smith said.

Critz George, a retired nuclear engineer and physicist in Albuquerque, N.M., said he had three Chase cards and one Citibank card closed because of inactivity, without advance notice. George, 71, said he is concerned that having four lines of credit closed could lower his credit score.

"I feel like it was an arbitrary and capricious decision because I have paid in full and on time for the last 20 years," he said.

Brown, who is also a mortgage broker, said he was always careful to keep his balance at one-third of the limit. He said the reduced credit limits on his American Express and Bank of America cards have made that impossible.

"I'm angry because I've always been proud of my credit history and now it's gone to hell — not because of something I've done."
Buzz up!

Vote for this story!
Your Comments

Austinites love to be heard, and we're giving you a bullhorn. We just ask that you keep things civil. Leave out the personal attacks. Do not use profanity, ethnic or racial slurs, or take shots at anyone's sexual orientation or religion. If you can't be nice, we reserve the right to remove your material and ban users who violate our visitor's agreement
You must be logged in to leave a comment. Login | Register
avatar
Doright wrote:
Credit card co.'s should be investigated as well as credit reporting agencies.
Posted on 3/13/2009 8:21:28 AM
Report Abuse
Name *
E-mail Address *
Reason for abuse *
Show 11 - 20 of 1 comments
Top of Comments Top of Page
Advertisement
Advertisement
Statesman Top Jobs

* Patient Registrar
Confidential
* Crane Operator
Landmark Structures
* Sonographer
Confidential

* Attorney
Texas State Technical College
* Test Scorers
Data Recognition Corp
* Pharmaceutical Research Studies
PPD

VIEW ALL TOP JOBS | SEARCH FOR A JOB

Advertise Online or in Print | Subscribe to the Newspaper | Make us your Homepage

Presented by The Austin American-Statesman. Contact us. Careers. Corrections. Site Requirements.

Please read our Privacy Policy. By using this site, you accept the terms of our Visitor Agreement.

Copyright 2008 The Austin American-Statesman. All rights reserved.

Cox Newspapers, Inc.

OBAMAS DEFENDS TAX HIKES, PLEDGES T STEER CLEAR OF PROTECTIONISM

2009-04-27T22:20:00.001-07:00

.
Members: Log in | Not Registered? Register for free extra services.

Click here to find out more!

Phoenix News, Phoenix Business Journal, Phoenix Newspaper
Choose Another City:

Site | News | Companies | Jobs
Search Archive

Home News
Latest News This Week in Print Most Viewed Stories Most Emailed Stories Download E-dition Washington Bureau Special Reports News From Other Cities Contact the Editor
Small Business Sales & Mktg Real Estate
Commercial Real Estate Property Search
Events
Business Events Calendar Nominations Event Registration
Community
My Dashboard My News My Friends Invite Your Friends Find Members
Careers
Job Seekers Employers Post a Job
City Guide
Business Travel Center Phoenix City Guide
More Topics
Accounting & Consulting Agriculture Banking & Financial Services Bankruptcies Economic Snapshot Education Energy & the Environment Green Health Care Human Resources Insurance Legal Services Logistics & Transportation Manufacturing Media & Marketing Residential Real Estate Retailing & Restaurants Sports Technology Travel Industry

* AZ economic stats
* Classifieds
* Book of Lists
* Subscribe - 4 Free Issues

Latest News
Subscribe to Phoenix Business Journal Subscribe to Phoenix Business Journal
Phoenix > News > Industries > Human Resources
Friday, March 13, 2009, 9:19am MST
Obama defends tax hikes, pledges to steer clear of protectionism
Phoenix Business Journal - by Mike Sunnucks

* Print
* Email
* Reprints
* RSS Feeds
* Add to Del.icio.us
* Digg This
*
Comments (2)

Other Matching Articles for
"american express"

* Chase, American Express, GM, Verizon CEOs meet with Obama [03/12/2009]
* American Express expands use to restaurants, gas [02/25/2009]
* American Express wants some cardholders to cancel [02/24/2009]
* American Express wants some cardholders to cancel [02/24/2009]
* American Express wants some cardholders to cancel [02/23/2009]
* > More Search Results

President Barack Obama defended his tax increases on those making more than $250,000 a year to a contingent of CEOs Thursday and promised not to let the recession steer a course toward protectionist trade policies.

Obama met with members of the Business Roundtable, which includes CEOs of some major companies with operations in Arizona: JPMorgan Chase & Co., American Express Co. and Motorola Inc.

Obama defended his plan to raise the top federal income tax bracket from 35 percent to 39.6 percent for couples making $250,000 or more. Small-business owners have been criticized that plan, saying it will not help job growth or investments. They also disputed the determination that $250,000 in income is considered rich.

Obama's tax plans also would raise some investment taxes.

"For the top 3 percent of all taxpayers — and I'm just going to take a shot in the dark and guess that includes some of the people in this room — the top tax rate across the board will still be lower than they were during the prosperity of the 1990s," Obama told the CEOs.

"It will still be lower than they were during the (Bill) Clinton era. You will pay a tax rate on capital gains and dividends that is also lower than it was during most of the 1990s," he said. "And the revenue that results from these changes will reduce the deficit by $750 billion over the next 10 years."

Obama got a warm reception from the CEOs.

Congressional Democrats and the Obama administration have been highly critical of bank and other CEOs in light of the troubles in the banking, lending and housing sectors.

The president added he would try to keep the U.S. and other countries from moving toward trade restrictions favored by labor unions and other Democratic Party constituencies. Tariffs and trade restrictions were blamed for turning a recession in the 1930s into the Great Depression.

"I think everybody understands sort of the history of the Great Depression," Obama said. "So far, at least, we're seeing some movement to contain protectionist sentiments in these various domestic markets, but we have to build on that. And I think having a strong statement that encourages trade and making sure that there are sufficient credit lines for trade, because that's one of the big problems that we've seen right now in terms of world trade ... the traditional mechanisms for lending that facilitate trade have really contracted."

NOTE: obamas think that having a strong statement that encourages trade and making sure that there are sufficient credit line for trade.

* Print
* Email
*
Yahoo! Buzz

Reader Comments
(2) Comments
Rob Schumacher March 13, 2009 5:15PM EST
Top 3% of tax payers, that happen to pay 11% of taxes. Wait now they pay more but I dont have those numbers yet. Trickle down taxes, nice
Zyskandar Jaimot March 13, 2009 1:10PM EST
'the OBAMA' as PRISSY in 'Gone-With-The-Wind'/HILLARY naturally as Mistress SCARLETT...***scene - the evil economic wind swept through leaving millions injured/dead prostrate on stretchers awaiting catastrophe***take 1 - action'The OBAMA' as PRISSY crying, weeping:"Miss SCARLETT Ise dunno nothin about no STOCK MARKET or no EECHONOMIKS or BANKSTUFFS - Ise wents to HARVARD!!!"HILLARY with her asbestos-pants-suits paid for by the Jews she has just sold-out slaps the uppity Negro house servant PRSISY in the face:"SHUT-UP FOOL. Just 'rig' the cattle-futures option's market with someone else's money like I did - and all of us 'insiders' will make bucks FRIG those other JOBLESS SUCKAHS - Treat these bankers like the fools they are just axsk(ebonics spelling) BOBBY RUBENSANDWICH at CITBANK how big a moron he was/is???!!!"***scene end - the destruction of 'free' capitalism in AMERIKA***Posted by Jaimot's Jargon at 4:00 AM
Comments 1 to 2 of 2
Page 1 of 1
You must be logged in to add a comment. Please Login or Register.
Welcome
Add your comment here:

logout here
Help us stop spam!
Enter the text below into the box:

Can't read this?

Contact the Editor Need Assistance? More Latest News

* More News Headlines
* Popular News Stories

Related Industry News

* Kadant pays bonuses despite financial dips [Albany]
* 7 states post jobless rates above 10% [Buffalo]
* 7 states post jobless rates above 10% [Baltimore]
* Dresser Wayne cuts 10% of employees [Dallas]
* 7 states post jobless rates above 10% [Pittsburgh]

Latest News

* Arizona Corporation Commission issues cease and desist order against Radical Bunny
* ASU economist: Stimulus fund distribution may not match states' employment needs
* Phoenix-area home resales jump in February, mostly because of foreclosures
* Board backs iGo CEO, plans to stay the course after investors raise questions
* Obama defends tax hikes, pledges to steer clear of protectionism

Most Viewed Stories

* Sources: KTVK drops 'Good Morning Arizona' personalities Brad Perry, Dan Davis
* Banner Thunderbird to hire 800 through 2011
* Obama administration targets Arpaio
* Arizona named 10th 'happiest' state
* Ninth Circuit upholds Arizona employer sanctions law

Most Emailed Stories

* Arizona Corporation Commission issues cease and desist order against Radical Bunny
* Bashas' revamps landmark store in Fountain Hills
* Banner Thunderbird to hire 800 through 2011
* Survey: 69% of U.S. small businesses profitable last year
* DeVry plans West Valley school, Mesa next

Business Pulse Survey
When do you next expect you will make a major purchase (car, house, boat, etc.)?

City Guide Spotlight - Phoenix
Phoenix

* Attractions in Phoenix
* Cocktails in Phoenix
* Hotels in Phoenix
* Restaurants in Phoenix

Extra
Best sports teams
We rank the best sports teams -- by both records and receipts.

* Survey: What is your favorite sport to watch?

Click here to find out more!
Click here to find out more!
Search Press Releases

* View all Phoenix Press Releases
* View ALL Press Releases

Search by Company, Organization, or Keyword

Content provided by PR Newswire. Learn more about this service.

Search for Jobs powered by onTargetJobs
View Phoenix Jobs - 914 jobs today
Small Business Center

Successful profiles, funding news and advice related to small business
Visit the Small Business Center
Sales & Marketing
Sponsored by Hoovers®

Research companies and get powerful sales tools to help you succeed
Visit the Sales & Marketing Center
Commercial Real Estate

Stay up to date on the latest news from within the commercial real estate industry
Visit Commercial Real Estate
Beating the Recession

News, analysis and ideas that defy the odds and the times
Visit our Beating the Recession page
Email Alerts

Get the latest local business news delivered to your inbox. Sign up Today!
powered by
Featured Phoenix Jobs

* Commission Driven?
* Physician Assistant
* DIRECTOR OF CATERING
* Urology
* REGISTERED NURSE CVICU

Search Jobs | Post Resume | View More
Post a Job | Feature a Job
FEATURED RESOURCE

Post a Job & Receive a FREE Premium Salary Report
Post a job online with bizjournals.com and get a PayScale Salary Report - FREE (a $99 value)! Report contains:

* Salary & Hourly Rates
* Bonus & Benefits
* Skills, Experience & Education

Click here to redeem this offer

Phoenix Real Estate
powered by LoopNet

* Featured Property
* Rate: $7.39-$7.39
* Building Size: 8,855 SF
* Use Type: Lease

* More Phoenix Real Estate

Phoenix Business Directory

Use of, or registration on, this site constitutes acceptance of our User Agreement and Privacy Policy.
ONLINE:
home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss
PRINT:
subscribe | advertise | book of lists | classifieds | download e-dition | article reprints rights | purchase single copies
AFFILIATES:
Portfolio | SportsBusiness Journal | SportsBusiness Daily | Sporting News | Mass High Tech

© 2009 American City Business Journals, Inc. and its licensors. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of bizjournals.

AMERICAN EXPRESS (AXP) PRICEWATCH ALERT UP TO 21.39% RETURN

2009-04-26T22:10:00.001-07:00

Market Intelligence Center Market Intelligence Center

* Home
* Newsbites
* BloombergVideoReports
* ETF/HOLDERs
* Analyst Favorites
* Quotes & More...

Tell A Friend
Stocks To Watch Today: HIG, STLD, EBAY, POT, MET, CAKE, APA, ATVI, LO, CVTX, PAAS, HBI (Click Symbol For Latest News)
MicTopStories
NetScout Systems (NTCT) One of Today's Top Losers
Sanofi Aventis (SNY) Trading With Unusual Volume
FirstEnergy (FE) Hits 52-Week Low
China Unicom (CHU) Trading With Unusual Volume
Hologic (HOLX) One of Today's Top Gainers
Microsoft (MSFT) Shows Bearish Technicals
Morgan Stanley (MS) Set for 11.08 Break Even
Schering Plough (SGP) Up On Bullish Technicals
Time Warner (TWX) Up On Management Moves
Aeropostale (ARO) Down Almost 1% So Far Today
American Express (AXP) PriceWatch Alert Up To 21.39% Return
Posted on Friday, March 13, 2009 8:07 AM
American Express (NYSE: AXP) closed yesterday at $13.15. So far the stock has hit a 52-week low of $9.71 and 52-week high of $52.63. American Express stock has been showing support around 10.25 and resistance in the 14.83 range. Technical indicators for the stock are Bearish and S&P gives AXP a weak 2 STAR (out of 5) sell rating. AXP appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 7.50 covered call (WXP AU) for a net debit in the $6.35 area. That is also the break even stock price for this trade. This covered call has a 309 day duration, provides 51.71% downside protection and an 18.11% assigned return rate for a 21.39% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the AXP Jan '10 5 Call (WXP AA) and selling the Jan '10 7.50 call (WXP AU) for a $2.10 debit. The trade has a 309 day life and would provide 46.01% downside protection and a 19.05% assigned return rate for a 22.00% annualized return rate (for comparison purposes only). American Express has a current annual dividend yield of 5.92%.

NOTE:this stock of the a longer term of call option in the place of the covered call stock purchase.

[For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
Click Symbol For More News On: (AXP)
www.marketintelligencecenter.com

Market Intelligence Center

Add to del.icio.usdel.icio.us Add to My Yahoo! RSS Feed Add to Google Add to My AOL stock market news
About Us | Contact Us | Terms of Service & Other Important Notices |
MarketIntelligenceCenter.Com
Portions of this content may be copywritten by Fresh Brewed Media, Wall Street Secrets Plus, Investors Observer, VHS, LLC., and RealTimeTraders.com. SmartReadMX and related technologies are covered by US Patent Office # 60/631,747.

US STOCK LOWER: DOW DOWN

2009-04-25T21:58:00.001-07:00

*
*
*
*
*
* More
o BigCharts
o Virtual Stock Exchange
o FiLife.com
o WSJ Asia
o WSJ Europe
o WSJ Portuguese
o WSJ Spanish
o WSJ Chinese
o WSJ Radio
o Financial News Online
o Far Eastern Economic Review

SEARCH
Choose a quote match or "go" to get quote

*
*
*
*
*
*
*
*
*
*

Choose a topic to search news:

*
*
*
*
*
*
*
*
*
*

Stock Market Quote - Business News - Financial News

close

Welcome, please sign in.

My Portfolio • Community • VSE • Alerts

* Front Page
o News & Commentary
o Markets
o Mutual Funds & ETFs
o Personal Finance
o Technology
o Tools & Research
o My MarketWatch
o Community
o Video
*
* Markets
*

* Global Markets
*
* Emerging Markets
*
* Earnings Watch

latest news
[MDT] Medtronic heart device wires may have caused 13 deaths: WSJ
US Stocks Lower; Dow Down 40
By Peter A. McKay
Last update: 11:58 a.m. EDT March 13, 2009
Comments: 14
Stocks were mostly weaker on Friday following a three-day surge, as major indexes swung between gains and losses.
At 11:55 a.m., the Dow Jones Industrial Average, which has leapt 623 points over the last three sessions, was down about 40 points. Its banking components rose, and General Motors jumped 17%. But American Express slid 8% on fears that credit-card firms may face higher borrowing costs, while Microsoft was down 3.5% amid a broader decline in large technology stocks.
The tech-focused Nasdaq Composite Index fell 0.8%. The S&P 500 was down 0.5%, weighed down by losses in its financial and energy sectors. Health-care and utilities stocks, traditional defensive sectors, were higher.
Assurances from top executives at major banks that the companies have been profitable so far this year have helped drive the market's gains this week. Also, talk is continuing to swirl about possible rule changes that most traders would welcome.
One scenario could involve relaxation of the government's mark-to-market accounting standards. Regulators may also reinstate the stock market's "uptick rule," restricting bearish short sales so they could only take place when a stock is rising. Many participants believe such a move would damp the momentum of market declines on down days, with selling less likely to cascade if people selling borrowed shares can't participate as freely.
"Academically, I can't argue with the case for relaxing the short rule in the first place [in 2007]," said floor broker and New York Stock Exchange member Ted Weisberg of Seaport Securities. "People argued there shouldn't be different restrictions for buyers and sellers. But in practice, it doesn't work. It erodes public confidence, and we need the public investor to participate in our market."
In economic news on Friday, the Reuters/University of Michigan monthly index of consumer confidence rose to a reading of 56.6 for March, up from 56.3 in February. Analysts surveyed by Dow Jones Newswires had expected the measure to fall to 55.0.
Elsewhere, the Labor Department reported that import prices slid 0.2% on a monthly basis in February, smaller than the 0.8% drop economists expected and the slimmest decline since the streak began last August, suggesting that while inflation is well contained there's little evidence yet of outright deflation.
The U.S. trade deficit narrowed by about 10% in January, brought by falling prices and shrinking demand to its lowest point since 2002. The trade deficit has shrank a record six consecutive months. Exports in January declined 5.7% as growth for many U.S. trading partners slowed, while imports fell 6.7% amid the erosion of consumer demand in the U.S.
Experts still expect considerable economic weakness. Economists surveyed this month by the Wall Street Journal expect gross domestic product to decline at an annual rate of 4.6% this quarter and 1.5% in the second quarter. Federal Reserve Chairman Ben Bernanke has said he doesn't expect the recession to end until later this year.
Europe stocks were higher, with banks and oil producers leading a broad-based advance. Most Asian markets also advanced. The Nikkei jumped 5.2%, its best single-day percentage gain since mid-December.
Treasury prices were mixed. The 10-year note fell 4/32 to yield 2.881%. The dollar was stronger against the yen and the euro.
Oil prices soared 11% Thursday as traders worried that the Organization of Petroleum Exporting Countries may tighten output at a meeting this weekend in Vienna. Futures continued to move higher on Friday, climbing 65 cents to $47.68 a barrel. The International Energy Agency on Friday revised down its forecast for 2009 global oil demand by around 300,000 barrels a day to 84.4 million barrels a day, roughly a 1.5% fall on an annual basis. End of Story

NOTE: futures continued to move higher on friday ,the international energy egency on friday revised.

EmailE-mail
PrintPrint
DisableDisable Live Quotes
Subscribe to RSSSubscribe to RSS
Yahoo! Buzz

recs Recommend this story

tags Save and tag this story

Comments: 14

Ha! Bulls are back. Too bad the global depression is still there and getting worse.

- Eichmare
comments Add Comment
(14) - View Comments on this story
Top stories
5:04 PM 3/13/09 Dollar's rally could undermine stocks
4:07 PM 3/13/09 First '60 Minutes' -- Is Facebook next for Ben Bernanke?
2:04 PM 3/13/09 U.S. gasoline demand on upswing, pushing prices higher again

Comments Story Comments

There are 14 comments

Page

<<

<

|

1

|

>

>>

(oldest to newest)
adcs 12 hours ago

+2 Votes (4 Up / 2 Dn)

|

Report Abuse
Sent
The trend line for the day is steeply downward, even at the beginning when the see-sawing was occuring. Doesn't look like an up day to be sure.

Link | Track Replies | Reply to adcs

Link | Track Replies | Reply to adcs
newmexicomom 12 hours ago

|

Report Abuse
Sent
why isn't MW carrying THIS story?
http://www.cnbc.com/id/29666975

(Berkshire Hathaway stripped of AAA rating if you don't want to copy and paste)
I know its cnbc but still!
druidmechanics 12 hours ago

|

Report Abuse
Sent
BH to AA+ and he's only the 2nd richest billionaire? My heart goes out to him.

Link | Track Replies | Reply to druidmechanics

Link | Track Replies | Reply to druidmechanics

Link | Track Replies | Reply to newmexicomom
woodsmoke52 12 hours ago

+3 Votes (3 Up / 0 Dn)

|

Report Abuse
Sent
"Bulls Getting A Little Winded"

So the Bears take 2500 pts, and when the Bulls take back 500, they're all done in. Methinks this "bull" has been castrated by a government that's hell-bent on destroying both the currency and the economy.

Note to Thumbs-Down Fairy: The Obama administration has proposed a bill to end mining in the U.S. and destroy not only mining jobs, but our ability to develop our own resource base. It allows for warrantless searches of vehicles and buildings to see if you've stashed away a lump of coal or a few flakes of gold somewhere. It's called H.R.699.
Don't believe me?

http://www.icmj.com/article.php?id=56&keywords=Rahall_Proposes_Bill_to_End_All_Mining_in_the_U.S
druidmechanics 12 hours ago

|

Report Abuse
Sent
There goes all hope for my black lung drug startup.

Link | Track Replies | Reply to druidmechanics

Link | Track Replies | Reply to druidmechanics

Link | Track Replies | Reply to woodsmoke52
GreatObamaCrash 12 hours ago

+1 Vote (1 Up / 0 Dn)

|

Report Abuse
Sent
A.I.G., Where Taxpayers' Dollars Go to Die
By GRETCHEN MORGENSON

"DERIVATIVES are dangerous."

That simple sentence, written by Warren Buffett, begins an enlightening discussion in Berkshire Hathaway's most recent annual report. Mr. Buffett's views on derivatives, gleaned from his own unhappy encounters with them, should be required reading for all United States taxpayers.

Why? Because we own almost 80 percent of the American International Group, the giant insurer whose collapse was a direct result of derivatives it sold during the late, great credit boom.

A.I.G. nearly barreled off the cliff last September, when it couldn't meet its obligations to customers who had bought a version of derivatives called credit default swaps. Such swaps are like insurance policies; bondholders buy them to protect themselves from default on various forms of debt.

When A.I.G. couldn't meet the wave of obligations it owed on the swaps last fall as Wall Street went into a tailspin, the Federal Reserve stepped in with an $85 billion loan to keep the hobbled insurer from going bankrupt; over all, the government has pledged a total of $160 billion to A.I.G. to help it meet its obligations and restructure operations.

So is A.I.G. the taxpayer gift that keeps on taking? Sure looks that way. And while no one can say with certainty whether more money will be needed, the sheer volume of derivatives engineered by a small London unit of A.I.G. suggests that taxpayers haven't seen the bottom of this money pit.

Some $440 billion in credit default swaps sat on the company's books before it collapsed. Its biggest customers, European banks and United States investment banks, bought the swaps to insure against defaults on a variety of debt holdings, including pools of mortgages and corporate loans.

Because of the way A.I.G. wrote its swaps, and because the company had a double-A credit rating at the time, it did not have to put up collateral to assure its customers that it would be able to pay on the insurance if necessary. Collateral would be required only if A.I.G.'s credit rating were cut or if the debt underlying the swaps declined.

Both of these "unthinkable" events occurred in 2008. Suddenly, A.I.G. had to cough up collateral it didn't have.

SO, you see, the rescue of A.I.G. also involved a bailout of its many customers, none of whom the insurer or the government is willing to identify.

Nevertheless, Edward M. Liddy, the chief executive of A.I.G., explained to investors last week that "the vast majority" of taxpayer funds "have passed through A.I.G. to other financial institutions" as the company unwound deals with its customers.

On Wall Street, those customers are known as "counterparties," and Mr. Liddy wouldn't provide details on who the counterparties were or how much they received. But a person briefed on the deals said A.I.G.'s former customers include Goldman Sachs, Merrill Lynch and two large French banks, Société Générale and Calyon.

All the banks declined to comment.

How much money has gone to counterparties since the company's collapse? The person briefed on the deals put the figure at around $50 billion.

Unfortunately, that is likely to rise.

According to its most recent financial statements, A.I.G. had $302 billion in credit insurance commitments at the end of 2008. Of course, the company is not going to have to make good on all that insurance: the underlying securities are not all going to zero.

But as the economy deteriorates, A.I.G.'s insurance bets certainly become more perilous. And because most of A.I.G.'s swaps are known as the "pay as you go type," collateral must be supplied when the underlying debt declines in value. Swap arrangements made by other insurers require payments only if a default occurs.

So the meter is constantly running at A.I.G. Just as quickly as taxpayer funds flow into the firm, chunks of it go right out the door to settle derivatives claims.

A.I.G.'s insurance commitment stood at "only" $302 billion in part because the government has already voided $62 billion of the protection A.I.G. had written on pools of especially toxic securities. The underlying collateral on those contracts, valued at about $32 billion or so, now sits in a facility that the Federal Reserve Bank of New York oversees and which we, the taxpayers, own.

In order to rip up those contracts, the taxpayers had to make A.I.G.'s counterparties whole by buying the debt that A.I.G. had insured and paying out — in cash — the remaining amount owed to the counterparties.

Of the $302 billion in insurance outstanding at A.I.G., about $235 billion was sold to foreign banks and covers prime home mortgages and corporate loans. The banks that bought this insurance did so to reduce the money they must set aside for regulatory capital requirements.

A.I.G. also wrote $50 billion of insurance on pools of corporate loans. These contracts are performing O.K. for now, the company has said.

But there's yet another complication that will probably force A.I.G. to cough up cash more quickly than it otherwise might have had to. That's because it didn't simply write insurance protection on debt; it also entered into yet another derivative contract — known as an interest rate swap — with counterparties buying the protection.

The reason A.I.G. entered into the second contract was that banks feared they were also exposed to interest rate risks on the loans bundled into debt pools. Presto! A.I.G. was happy to remove that risk by writing another complicated swap.

Now, however, A.I.G. not only has to meet collateral calls as the value of the debt it insured withers, but also has to post collateral related to the interest rate swaps.

Another troubling aspect of these deals is how long it takes to untangle them when they go awry. Back to Mr. Buffett's recent shareholder letter: when Berkshire acquired the insurance company General Re in 1998, he wrote, General Re had 23,218 derivatives contracts that it had struck with 884 counterparties.

Mr. Buffett wanted out from under the contracts and he began unwinding them. "Though we were under no pressure and were operating in benign markets as we exited," he said, "it took us five years and more than $400 million in losses to largely complete the task."

When you look back with the benefit of hindsight, it is truly amazing how outsized A.I.G.'s insurance commitment was, at $440 billion. After all, in 2005, when A.I.G. put many of these swaps on its books, the market value of the entire company was around $200 billion.

That means the geniuses at A.I.G. who wrote the insurance were willing to bet more than double their company's value that defaults would not become problematic.

That's some throw of the dice. Too bad it came up snake eyes for taxpayers.

Link | Track Replies | Reply to GreatObamaCrash

Link | Track Replies | Reply to GreatObamaCrash
Classixm 12 hours ago

+3 Votes (3 Up / 0 Dn)

|

Report Abuse
Sent
Not surprising a little down today with the major advances financials have had all week, finally. If it does stay relatively mild on the decline side, i would consider that further support into next week.

Link | Track Replies | Reply to Classixm

Link | Track Replies | Reply to Classixm
Momintn 11 hours ago

+3 Votes (3 Up / 0 Dn)

|

Report Abuse
Sent
Lunch is almost over with, so the bulls will be back.

Link | Track Replies | Reply to Momintn

Link | Track Replies | Reply to Momintn
Momintn 11 hours ago

+2 Votes (2 Up / 0 Dn)

|

Report Abuse
Sent
The markets are suppose to go up until mid May with the S&P at 850 20% from here.

Link | Track Replies | Reply to Momintn

Link | Track Replies | Reply to Momintn
Wile-E-Coyote 11 hours ago

+4 Votes (4 Up / 0 Dn)

|

Report Abuse
Sent
I believe we are going to move back to our normal decline shortly, after the kid with the etch a sketch finishes trying to draw an "M" with the DJIA. He sometimes gets close.

We're still on a 19.77 point decline per trading day trendline, including yesterday's close.

;)

Link | Track Replies | Reply to Wile-E-Coyote

Link | Track Replies | Reply to Wile-E-Coyote
Eichmare 11 hours ago

+6 Votes (6 Up / 0 Dn)

|

Report Abuse
Sent
Ha! Bulls are back. Too bad the global depression is still there and getting worse.
Larucci 11 hours ago

+2 Votes (2 Up / 0 Dn)

|

Report Abuse
Sent
I agree 100%

Link | Track Replies | Reply to Larucci

Link | Track Replies | Reply to Larucci

Link | Track Replies | Reply to Eichmare
ken225 11 hours ago

|

Report Abuse
Sent
538 stocks have hit new short-term highs and 19 have hit new short-term lows so far today according to pages.sbcglobal.net/acom

Link | Track Replies | Reply to ken225

Link | Track Replies | Reply to ken225
A4Driver 11 hours ago

|

Report Abuse
Sent
What a head fake...rally time!

Link | Track Replies | Reply to A4Driver

Link | Track Replies | Reply to A4Driver

Page

<<

<

|

1

|

>

>>
Please sign in to comment

We welcome your thoughts, stories and information related to this article. Please stay on topic and be respectful of others. Any inappropriate posts will be removed and may result in loss of privledges.
By commenting, you agree to our guidelines.

MarketWatch Community: Discover. Share. Organize.
After the Bell E-newsletter
Receive a daily email with closing levels of the major indexes and important closing market news and commentary.
loading

Sign up
Privacy policy
Most Popular
READ
E-MAILED
EDITOR'S PICK

* Jim Cramer goes on 'The Daily Show' amid criticism of CNBC
* Jim Cramer's bad week just got worse
* Silver's discount to gold sticks out like a sore thumb
* U.S. stock futures start to wobble ahead of open
* CNBC's dilemma is to make a recession seem entertaining
* Stewart vs. Cramer -- an insider's view
* Rush Limbaugh, Matt Drudge trail Newsmax -- online
* Friday's biggest gaining and declining stocks
* Dollar's rally could undermine stocks
* Clash over stimulus spending clouds G20 outlook

* Silver's discount to gold sticks out like a sore thumb
* CNBC's dilemma is to make a recession seem entertaining
* If you deduct mortgage interest, be wary of an IRS audit
* Jim Cramer goes on 'The Daily Show' amid criticism of CNBC
* Jim Cramer's bad week just got worse
* Baby Hippo Needs Home, Tigers Need Lunch
* Use money wisely or it could abuse you
* Dollar's rally could undermine stocks
* Recession brides can use the Web to save money on wedding costs
* Seven costly mistakes workers make when they leave a job

* Dollar's rally could undermine stocks
* First '60 Minutes' -- Is Facebook next for Ben Bernanke?
* U.S. gasoline demand on upswing, pushing prices higher again
* American Apparel gets a lifeline, selling 18% stake
* CNBC's dilemma is to make a recession seem entertaining

Get the Latest MarketWatch News >>
PARTNER CENTER

Making friends on our stories?

Add them as a friend so you can keep in touch
and see what they are up to. Or, just send them
a message.

* Site Index
* Topics
* Archive
* Help
* Feedback
* Media Archive
* Premium Products
* Mobile
* RSS
* Podcasts
* Company Info
* Advertising Media Kit
* License our Content

The Wall Street Journal Digital Network:

* WSJ.com
* Barron's Online
* BigCharts
* Virtual Stock Exchange
* All Things Digital
* MarketWatch Community

* RealEstateJournal.com
* Financial News Online
* WSJ.com Small Business
* FiLife – Personal Finance

MarketWatch

Copyright © 2009 MarketWatch, Inc. All rights reserved.

By using this site, you agree to the Terms of Use and Privacy Policy .
MarketWatch.com: Stock Market Quotes - Business News - Financial News

Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones Indexes(SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time. Real-time last sale data provided by NASDAQ.

BAERISH BETS ON CREDIT CARD ISSUERS.

2009-04-24T21:48:00.001-07:00

Search:
Forbes.com

Quotes

Video

Web

Blogs

Advanced

Fill in one or more search fields below:
Search Tips

With the following text:
From this source:
Where author is:
About these companies
(comma separated tickers):
Published between:
Content type is:
Story type is:
and

Search message boards:

Close Window

U.S. EUROPE ASIA HOME PAGE FOR THE WORLD'S BUSINESS LEADERS Free Trial Issue

Become a member | Log In
Portfolio |
Forbes Magazine - just $1.15/issue
HOME

BUSINESS

TECH

MARKETS

ENTREPRENEURS

LEADERSHIP

PERSONAL FINANCE

FORBESLIFE

LISTS

OPINIONS
Adviser NetworkETFsGuru InsightInvesting IdeasMutual FundsPhilanthropyRetirement & CollegeStock CommunityTaxes

Options Watch
Bearish Bets On Credit Card Issuers
Jocelynn Drake, Option Advisor, 03.13.09, 01:55 PM EDT
Bad debts are piling up and performance is suffering for issuers of plastic. Make money on the short side.
row2image

As the economy weakens and unemployment grows, the credit card industry could be seeing just the start of a growing wave of trouble.

In February, Moody's (nyse: MCO - news - people ) Credit Card Credit Indexes reported that credit card charge-offs reached a new high of 7.74% in January. Charge-offs are credit-card loans deemed to be uncollectible. Furthermore, the increasing number of borrowers falling behind on payments means charge-off rates are almost certain to increase as the economy worsens.
Article Controls

imageemail

imageprint

imagereprint

imagenewsletter

comments (1)

imageshare

imagedel.icio.us

imageDigg It!

imageyahoo

imageFacebook

imagerss
Yahoo! Buzz

The January delinquency rate, which forecasts the charge-off rate, climbed to 5.94%, the highest in 17 years. The record high of 6.31% in January 1992 is likely to be surpassed in the months ahead, Moody's said. In addition, Moody's expects the charge-off rate index could move into double digits by the end of this year if unemployment keeps rising.

Meanwhile, payment rates, which have declined since early 2007, are near a five-year low. In January, the principal payment rate fell to 16.39%, about 2.7 percentage points below the rate in January 2008.
Buying into the rally? Just don't buy the wrong stuff. Click here for Bernie Schaeffer's Option Advisor, with daily trading recommendations and intraday updates.

NOTE:the record high of 6.31 in january 1992 is likely to be surpassed in the months a head.

Digging deeper into the sector, we find that American Express (nyse: AXP - news - people ) has been having a rough year, as the shares have retreated more than 29% since the start of 2009. The company recently offered a $300 incentive for some customers to cancel their accounts as the card issuer and payments processor struggle with surging loan delinquencies and reduced card use.

American Express has been guided lower by resistance at its 10-week and 20-week moving averages for a loss of nearly 80% since June 2007. While the stock recently bounced off support at the 10 level, it is in the process of rallying into staunch resistance at its 10-week trend line--a moving average above which it has not finished a single week since late September 2008.

Meanwhile, it's not surprising to find that investors are skeptical of the shares. What is surprising is that this pessimism appears to have reached a peak, and investors are now loading up on bullish bets in an effort to call a bottom to the stock's decline. The Schaeffer's put/call open interest ratio has dropped from its Feb. 25 peak of 1.88 to its current position of 1.34. During this time frame, call open interest among options slated to expire in less than three months increased by 54%, while put open interest rose by less than 11%.
Special Offer: Buying Baidu.com calls last week could have produced gains of 800% and higher. Options can wipe you out or help you turn thousands of dollars into hundreds of thousands of dollars. Why not make some? Click here for recommended trades updated daily and throughout the day in Bernie Schaeffer's Option Advisor.
Comment On This Story

An uptick in call trading can also be seen on the International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE). During the past 10 trading sessions, 1.7 calls were purchased to open for every one put purchased to open. This ratio of calls to puts is higher than 88% of all those taken during the past year, pointing to a growing optimism among options players.

Meanwhile, short interest is on the rise. During the past month, the number of AXP shares sold short increased by 32.5% to 38.8 million shares. Should the bears continue this trend of adding to their pessimistic positions in the face of the stock's recent bounce, they could help pressure the security lower once again. To take advantage of a pullback in the shares, traders should consider the stock's July 15 put.

MasterCard (nyse: MA - news - people ) isn't much prettier than American Express. The stock has managed to post a 10% gain since the start of 2009, outperforming the broad market. However, the stock is facing staunch resistance at its declining 32-week moving average. This intermediate-term trend line has capped the shares since August 2008. The equity is facing additional staunch resistance at the 165 level, a region that has hindered the security's rally attempts since mid-October. A rejection at either of these key levels could send the equity sharply lower.

Despite the weak outlook for the credit card industry, Wall Street still has high hopes for the shares of MasterCard. Zacks reports that the stock has earned 13 "buy" ratings, five "holds" and three "sells." This bullish configuration leaves ample room for potential downgrades that could pressure the shares lower.

Furthermore, the average 12-month price target for MasterCard stands at $191.67, according to Thomson Reuters. This lofty estimate implies that analysts are looking for the shares to rally more than 22% during the next 12 months. Price-target cuts from this optimistic group could weigh negatively on the security.

Drilling down on the stock's open interest configuration, we find that peak front-month call open interest sits at the 170 strike, with more than 11,400 contracts. On the other hand, peak March put open interest sits at the 130 strike, with fewer than 3,300 contracts.

This preference for call positions over put positions indicates that investors have high hopes for the shares during the near term. Should the stock fail to overcome resistance at the 165 level, we could see an unwinding of optimism among traders, pushing the stock lower. To take advantage of continued weakness in the shares, trader should consider the stock's July 160 put.

Finally, we come to the new kid on the block: Visa (nyse: V - news - people ). The security started trading publicly on March 19, 2008, and it is now down 4.5% from its closing price on its first day of trading. The equity has been trapped in a sideways channel since October, capped by resistance at the 58 level.

In fact, the stock was recently rejected at this level and could now pull back to former support in the 46 or 42 regions. In addition, the equity is facing resistance at its declining 32-week moving average--a trend line that capped the stock at the end of February.
Stocks are cheap. Which ones do you buy? Click here for a peek at a dozen "best buys" from Dow Theory Forecasts.

Wall Street has largely shrugged off Visa's lackluster performance. The equity has earned 10 "buy" ratings, nine "holds" and just one lonely "sell" rating, according to Zacks. Any downgrades from this group could spell trouble for the stock.

In addition, the average 12-month price target stands at $65.26, according to Thomson Reuters. This estimate is a 20.6% premium to the stock's closing price on Thursday. Price-target cuts from this bunch could also create a fresh wave of selling pressure for the stock.

On the other hand, options players have flocked to the stock's puts in expectation of further losses. The ISE and CBOE have reported an increase in put trading. During the past 10 trading sessions, 1.7 puts have been purchased to open for every one call purchased to open. This ratio of puts to calls is at a peak, indicating that options speculators are extremely skeptical of the shares.

Furthermore, the Schaeffer's put/call open interest ratio for V stands at 0.6, up from its March 4 low of 0.49. During this time frame, call open interest increased by 2.7%, while put open interest swelled by 25.6%. Considering the stock's weak technical performance, this pessimism is to be expected.

Elsewhere, we find that short-sellers have increased their bearish bets. Short interest for Visa jumped by 43.7% during the past month to 17.9 million shares. This accumulation of bearish bets accounts for only 2.3% of the company's total float. A continuation of this trend could push the stock even lower during the near term. To capture a profit on weakness in the shares of V, traders should consider the stock's June 55 put.

Joseph Hargett is senior equities analyst at Schaeffer's Investment Research. Click here for more ideas and recommendations and to learn more about Bernie Schaeffer's Option Advisor.
Professional Investors Getting Over The Hedges
China Ready To Spendimage
China Sweats U.S. Debt Securities, Pressuring Prices
Asia Up On Stimulus Hopesimage
Rate This Story
Your Rating Overall Rating
Reader Comments

The author hasn't a clue about the Credit card business. Visa and Mastercard have ZERO default/retail consumer risk...they DON'T lend a dime to any individual or business. They are strictly a proce [Read More]
Posted by jlinderman | 03/13/09 03:03 PM EDT
Comment On This Story

Steve Forbes
Intelligent Investing | Data | Knowledge | Insight | Wisdom

Today On Forbes.com
Wall Street Makes It Four In A Row
Carl Gutierrez
Dow, Nasdaq and S&P squeak out gains to end the week on a high note.

* BofA Gets The Finger
* Treasuries Tremble On Supply Concerns
* Consumers Hopeful About Economic Future

Barry Ritholtz's Monkey Theory
The Weekly Layoff Report: Even Muppets Sing The Blues
Ten Great International Wine Destinations
Cocaine King
Subscriptions

* Subscribe To Newsletters
* Subscriber Customer Service

ADVERTISEMENT
Yankees' Super Stadium
Billionaire Bachelors
Tinseltown's Most Overexposed Stars
Ford Models' New Look
World's Best All-Business Jets

ADVERTISEMENT Click here to find out more!
Get Stories By Email

Select Topics:

*

American Express

Visa

Moody's

MasterCard
*

Tech Spending

Hardware

Put-Call Ratio

Computers

Already a member? Log In

Not a member yet?Join Now!

Receive Special Offers?

FAQ |Terms & Conditions | Privacy Policy

* Content Management Software
* Email Marketing Software
* Project Management Software

* Accounting Software
* eCommerce Software
* Help Desk Software

>> Browse All Directories

* Popular Stories
* Top Rated Stories
* Popular Videos

1. Top Billionaire: Bill Gates
2. Celebrity Billionaires
3. Ram Charan On Leadership
4. CO2 Gobbling Rocks
5. The Suze Orman Plan
6. Barbie's Midlife Crisis
7. Prince Alwaleed's Royal Future
8. Caribbean Luxury Steals
9. Bear Markets Without The Mauling
10. Top Teen Stars: Miley Cyrus

1. Discharge Incapable Commanders
2. Wine Workout
3. Big Banks Spring Bear Trap
4. Recession Entrepreneurship
5. America's Fastest-Shrinking Stores
6. 3 execs, 81 cars missing from Nebraska dealership
7. The First Word In Marketing
8. Squeeze Play
9. Billionaire Women We Admire
10. Turbo-Charging Batteries

1. The World's Billionaires
2. Photo Gallery: Homes Of The Billionaires
3. Wall Street Makes It Four
4. The World's Biggest Companies
5. Homes Of The Billionaires
6. Berkshire Hathaway Is No Longer Triple-A
7. Bernie Madoff's Billionaire Victims
8. Buffett Loses Sterling Credit Rating
9. America's Largest Private Companies
10. BofA Gets The Finger

CEO Book Club
Book Review The Other India

image
Book Review Fantasizing About Google
George Anders

A tech blogger imagines what the search giant would do.

SitemapHelpContact UsInvestment NewslettersForbes ConferencesForbes Magazines
Ad Information Forbes.com Mobile RSS Reprints/Permissions Subscriber Services
Privacy Statement Terms, Conditions and Notices About Our Ads
2009 Forbes.com LLC™ All Rights Reserved

Dow Jones industrial average, Nasdaq composite and S&P 500 indexes are real time and are powered by Xignite. All other indexes and commodities are delayed at least 15 minutes. All pricing is automatically refreshed every five seconds for the first two minutes the page is open, refreshed every 10 seconds for the third minute the page is open, and refreshed every 15 seconds thereafter.

CREDIT CARD COPANIES SHARES FALL ON LOSS CONCERNS

2009-04-23T21:30:00.001-07:00

Reuters

Login
My Profile Logout
Small Business News
Small Business

Intelligent information for small business owners and entrepreneurs.
Full Coverage
Broker Center sponsored links
You are here: Home > Business & Finance > Markets > Hot Stocks > Article
Home
Business & Finance
Markets
U.S.
U.K.
Europe
Asia
Markets News
Hot Stocks
Bonds News
Gainers & Losers
Most Actives
Indices
Calendars
Deals
Small Business
Industries
Industry Summits
Stocks
Funds
ETFs
Currencies
Commodities
Options
Economy
Bonds
Analyst Research
Portfolio
News
Do More With Reuters
RSSRSS Feed
Widgets
Mobile
Podcasts
Newsletters
Your View
Make Reuters My Homepage
Partner Services
CareerBuilder
Affiliate Network
Professional Products
Support (Customer Zone)
Reuters Media
Financial Products
About Thomson Reuters
Credit card companies shares fall on loss concerns
Fri Mar 13, 2009 1:02pm EDT

Email | Print |
Share
| Reprints | Single Page
[-] Text [+]
Market News
Fear still in focus after strong rally
Oil falls towards $46 on gloomy demand outlook
Global stocks surge, oil drops on OPEC report | Video
More Business & Investing News...

NEW YORK (Reuters) - The shares of credit card companies American Express Co (AXP.N), Capital One Financial Corp (COF.N) and Discover Financial Services (DFS.N) fell on Friday, squeezed by higher credit losses concerns after a week of strong gains.

"We haven't seen yet the worst in the deterioration of the credit portfolios," said Keith Wirtz, president and chief investment officer of Fifth Third Asset Management.

American Express, a Dow component and the largest U.S. credit card company by sales volume, fell 8.4 percent to $12.05 in afternoon trading on the New York Stock Exchange, after rising 20 percent this week.

Capital One stock was down 12 percent at $11.72, after jumping 43 percent earlier this week and Discover shares fell 15 percent to $5.62.

American Express and Capital One are expected to report next week an increase in charge-off rates -- debts the card companies believe they will never be able to collect -- during February, while Discover is seen posting a sharp drop in its quarterly earnings, hammered by higher credit losses.

NOTE: the american express and the capital of the one are expected to report by next week, they will never be able to collect-- during february.

Analysts estimate credit card charge-offs could rise to between 9 percent and 10 percent this year from 6 percent to 7 percent at the end of 2008. In that scenario, such losses -- on an industrywide basis, including banks and specialty finance companies -- could total $75 billion in 2009.

(Reporting by Juan Lagorio, Editing by Andre Grenon)

© Thomson Reuters 2009 All rights reserved

Share:
Del.icio.us
Digg
Mixx
Yahoo!
Facebook
LinkedIn

Next Article: Citigroup shares rise after chairman comments

American men opt for credit crunch snipPlay VideoVideo
Video: American men opt for credit crunch snip
The Denver Post Chairman and Publisher William Dean Singleton talks about the transition during a news conference announcing the closure of the Rocky Mountain News in Denver, Colorado February 26, 2009. REUTERS/Mark Leffingwell
Blog: Your newspaper died? People don't care
A board shows the final numbers on the Dow Jones Industrial Average at the New York Stock Exchange, March 10, 2009. REUTERS/Brendan McDermid
Commentary: The Dow at 36,000 and the end of history
More American Express Co News
Credit card companies shares fall on loss concerns
Credit card companies shares fall on loss concerns
UPDATE 1-AmEx may cut div but capital raise unlikely: Citigroup
US RESEARCH SUMMARY-S&P 500 March 12 1644 GMT
US RESEARCH SUMMARY-S&P 500 March 12 1644 GMT
Companies In This Article
American Express Co (AXP.N) Quote, Profile, Research
Capital One Financial Corp (COF.N) Quote, Profile, Research
Discover Financial Services (DFS.N) Quote, Profile, Research
Ads by Google
What's This?

Trader Makes $4 Billion
Wiz Kid Stock & Option Trader Makes $4 Billion Trading Stock Options!
www.VirtualinvestingClub.com

Mobile Banking
Increase customer base. Decrease Overhead.
Selfbankmobile.com

Dow Jones 100 Year Chart
You owe it to yourself to study this picture of the last century.
www.BestFreeCharts.com

Warren Buffett System
Download the step-by-step guide to investing just like Warren Buffett.
www.BuffettSystem.com
Most Popular on Reuters

1.
RPT-FEATURE-Corporate oil booms in low-tax Switzerland
2. Buffett paid $491,000, Berkshire downgraded
3. Berkshire credit costs trade like Turkey's
4. BofA CEO shouldn't be chairman, big investor says
5. BofA seeks more jumbo mortgages: report | Video
6. Berkshire credit costs trade like Turkey's
7. UPDATE 1-NAACP alleges Wells Fargo, HSBC mortgage bias
8. Chuck Norris sues, says his tears no cancer cure
9. Wall Street rises, ending best week since November | Video
10. Long-term GE investors fret, fume over stock slide

Most Popular Articles RSS Feed
More Hot Stocks
Citigroup shares rise after chairman comments
Humana shares rise on Aetna acquisition rumor
Dollar edges down vs euro as U.S. stocks rise
U.S. trade gap narrows, consumers slightly less grim | Video
More Hot Stocks News...
Reuters Deals
The global destination for corporate leaders, deal-makers and innovators

Knowledge to Act

Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSSRSS Feed | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index

Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers

International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

AHEAD OF THE BELL: AMERICAN EXPRESS

2009-04-22T20:49:00.001-07:00

Federal Credit Crisis Tab at $5 Trillion and Climbing

2008-11-16T15:51:00.001-08:00

Paulson shifts course, won't buy troubled assets

2008-11-15T15:05:00.001-08:00

Obama's Promises, Vision to Collide with Reality

2008-11-14T15:01:00.001-08:00

FOX News.com
We Report. You Decide.
SEARCH
UREPORT
Send us your video,
photos and news
On FOX News CHANNEL:
View Schedule

* Home
* U.S.
* World
* Politics
* Business
* Health
* SciTech
* Entertainment
* Video
* Opinion
* uReport
* Sports
* Weather

* RADIO
* MOBILE
* FOX & Friends
* America's Newsroom
* Live Desk
* Studio B
* Your World
* Special Report
* FOX Report
* O'Reilly
* Hannity & Colmes
* Greta
* Lifestyle
* FOX Fan

Politics

* Politics Home
* FOX Polls
* America's Election HQ
* Supreme Court
* Special Report
* Fox News Sunday
* Executive Branch
* U.S. Senate
* House of Representatives
* State & Local Government
* U.S. Military
* NEWS ARCHIVE
* HOT TOPICS
o FOX News Election Coverage
o Celebrity Gossip
o FOX Movietone News
* SECTION MAP

Send news tip to FOXNews.com
SUBMIT
FOXNEWS.COM HOME > POLITICS
Obama's promises, vision to collide with reality

Wednesday, November 05, 2008

By JIM DRINKARD, Associated Press Writer

* E-Mail
* Print

* Share:
o Digg
o Facebook
o StumbleUpon
o Post to MySpace!
o
o

WASHINGTON — Over a two-year campaign, Barack Obama laid out a vision for the nation's future in soaring speeches that enthralled his audiences. With his victory in the presidential election on Tuesday, those goals will collide with daunting realities.

Note: Obama is the newly elected U.S. President.

President Obama will inherit a budget deficit that many analysts say could hit a trillion dollars for the first time in history, severely crimping any promises for tax cuts or spending on new programs. He faces a diving economy that has traumatized Americans trying to buy a home, pay for college or plan for retirement. And he'll confront the complexities of trying to extricate U.S. forces from Iraq, and a resurgent conflict in Afghanistan. A look at Obama's campaign promises and the challenges that stand in their way:

THE ECONOMY, TAXES AND DEFICITS

The promise: Retain President Bush's tax cuts for families making less than $250,000 a year and provide more relief to the squeezed middle class by creating new tax breaks for lower-income families; protect middle-class taxpayers from the Alternative Minimum Tax; exempt seniors making less than $50,000 a year from paying income taxes, expand the tax credit for college and provide incentives to encourage savings, and help pay for child care and mortgage expenses.

For the shorter term, Obama supported the $700 billion financial bailout plan passed in October and backs a second stimulus plan that would provide up to about $150 billion on top of the $168 billion package of tax rebates passed earlier in the year. It could provide tax rebates or credits, extend jobless benefits and spending on infrastructure projects like roads and bridges, as well as sending food aid to the poor and money to states to pay their Medicaid bills. Separately, Obama also proposed a $1,000 emergency energy rebate to families and penalty-free withdrawals of up to $10,000 from 401(k)s and IRA's. He also proposes a $3,000-per-employee tax credit to companies for each new job they create.

The problem: Obama's spending plans and middle-class tax relief will confront exploding budget deficits _ $438 billion this year, and growing as the down economy reduces tax revenues and increases spending on bailouts and anti-recessionary programs. The nonpartisan Tax Policy Center estimates Obama's proposals would reduce projected tax revenue by $2.95 trillion over the next decade, compared to what would happen if Bush's tax cuts were to expire as scheduled at the end of 2010.

ENERGY

The promise: A crash program to begin to wean the country off of its dependence on oil. The goal is to reduce U.S. petroleum demand by an amount equal to the 3.5 million barrels a day now imported from unfriendly Venezuela and the volatile Persian Gulf. Obama also would invest $15 billion a year over the next 10 years to spur commercial development of alternative energy _ wind, biomass and solar _ and more energy-efficient buildings and automobiles. And he wants a short-term rebate of $1,000 per couple to help with rising energy costs.

The problem: Here, too, the economic crisis throws new spending into doubt _ including Obama's alternative energy plans. The $150 billion program also is tied to Congess tackling global warming by putting a price on greenhouse gases, a prospect that faces many obstacles. The call for an energy rebate also may lose its urgency as gasoline prices have dropped by more than a third and heating oil by almost half from their peaks last summer.

HEALTH CARE

The promise: Increase the number of people with health insurance by having the government subsidize the cost of coverage for low- and middle-income families. To help pay for that expense, increase taxes for those families earning more than $250,000. Obama also would require employers not offering health coverage to pay a percentage of their payroll toward a national health plan. Small businesses would be exempt. He would also mandate that children have health insurance, and he would expand who can participate in Medicaid and the State Children's Health Insurance Program.

Obama's plan would let people choose a public, Medicare-like plan or browse a shopping center of sorts for private insurance plans. The National Health Insurance Exchange would create rules and standards for participating private plans, and insurers would have to issue every applicant a policy regardless of pre-existing health conditions.

The problem: While the plan would help millions of people obtain health insurance, health analysts say it falls short of universal coverage. The Tax Policy Center says the Obama plan would reduce the number of uninsured by 18 million in the first full year of operation, from the current figure of 45 million. That still would leave millions of uninsured adults. Meanwhile, the penalty on employers that don't offer health insurance could increase the cost of operating a business. Also, the plan will cost an estimated $1.6 trillion over 10 years, according to the Tax Policy Center.

FOREIGN POLICY

The promise: Obama says he would engage both allies and adversaries to repair the U.S. image abroad and regain leverage and leadership that he says Bush squandered with the Iraq war. He says he will marshal international pressure against Iran, boost U.S. efforts against extremists along the Afghanistan-Pakistan border and get a faster and firmer start on Middle East peacemaking. He vowed to "renew the tough, direct diplomacy that can prevent Iran from obtaining nuclear weapons and curb Russian aggression."

FOREIGN POLICY

The promise: Obama says he would engage both allies and adversaries to repair the U.S. image abroad and regain leverage and leadership that he says Bush squandered with the Iraq war. He says he will marshal international pressure against Iran, boost U.S. efforts against extremists along the Afghanistan-Pakistan border and get a faster and firmer start on Middle East peacemaking. He vowed to "renew the tough, direct diplomacy that can prevent Iran from obtaining nuclear weapons and curb Russian aggression."

The problem: The Bush administration has already reversed many of its policies that other nations saw as isolationist or bullying _ for example, by joining international diplomatic efforts with "axis of evil" nations Iran and North Korea. But even those haven't produced great results and neither has yet to achieve its desired goal. Obama has suggested he would continue such efforts, but there is no guarantee they will yield greater success. The Bush administration has also in recent weeks engaged in unilateral strikes against extremists inside both Pakistan and Syria, prompting furious responses from those countries. Obama says he, too, will go after terrorists this way but any president wanting to step up such activities will face strong resistance from local authorities and probably pay the price for violating other nations' sovereignty by seeing cooperation cut back.

DEFENSE

The promise: Pull all U.S. combat forces out of Iraq within 16 months, send more combat troops to Afghanistan and provide better care for wounded troops and veterans.

Note: U.S. Troops were sent by the past U.S. President Bush.

The problem: A troop pullout by mid-2010 is feasible, although some argue that it risks shifting full responsibility to Iraq's security forces before they are ready. The Bush administration, which originally opposed setting any pullout date, has targeted departure by the end of 2011, although the Iraqis have yet to agree.

Until U.S. forces are pulled from Iraq, there are none to bolster the force in Afghanistan. Balancing needs in those two countries will be an immediate challenge for Obama. There is broad consensus on the need for more troops to combat an emboldened insurgency in Afghanistan and to train government troops there, but the trick is to accomplish that without giving up gains against the insurgency in Iraq and without robbing combat-weary soldiers and Marines of the rest periods they need.

Caring for veterans and the wounded entails enormous costs, and the scope of the health care requirements for returning troops is not yet fully known.

EDUCATION

The promise: An $18 billion plan that would encourage, but not mandate, universal pre-kindergarten; teacher pay raises tied to, although not based solely on, test scores; an overhaul of President Bush's No Child Left Behind law to better measure student progress, make room for subjects like music and art and be less punitive toward failing schools, and a tax credit to pay up to $4,000 of college costs for students who perform 100 hours of community service a year. Obama would pay for part of his plan by ending corporate tax deductions for CEO pay. He has backed away from his proposal to save money by delaying NASA's moon and Mars missions.

The problem: With the budget stretched thin, a huge infusion of cash for early childhood education or college costs seems unlikely. Federal spending on education has already been rising for more than a decade. Congress and the White House will be in no hurry to tackle No Child Left Behind, which was due for a rewrite in 2007; the economy, the war and health care are stickier and more pressing concerns.

___

Associated Press writers Tom Raum, Kevin Freking, Robert Burns, H. Josef Hebert, Matthew Lee and Libby Quaid contributed to this story.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
PEOPLE WHO READ THIS...
Also read these stories:
Minnesota Ripe for Election Fraud
[2008-11-10]
republican congressman warns of obama dictatorship, minnesota ripe for election fraud, lott minnesota ripe for election fraud, minnesota, election
4052 visitors also liked this.
Report: Natalee Holloway Suspect Involved in Thai Sex Trafficking
[2008-11-10]
photos, holloway, republican congressman warns of obama dictatorship, holloway suspect involved in sex trade?, click here for photos from the case.
3104 visitors also liked this.
2 Clergymen Arrested After Brawl Between Monks Next to Jesus' Tomb Site
[2008-11-10]
hard feelings and hand sanitizer, world, u.s., gop to act as 'check and balance' against obama, obama
1866 visitors also liked this.
Report: Secret Order Lets U.S. Strike Al Qaeda Anywhere
[2008-11-10]
photos, obama
1769 visitors also liked this.
Portable Nuclear 'Hot Tubs' Could Power America
[2008-11-12]
portable nuclear 'hot tubs' could power america, republican congressman warns of obama dictatorship, scitech, america, palin god may open door in 2012
1583 visitors also liked this.
powered by Baynote

* E-Mail
* Print

* Share:
o Digg
o Facebook
o StumbleUpon
o Post to MySpace!
o
o

Fox News Video
Top Video
Up and Coming

Which Republicans will be GOP's next rising stars?
Politics

* Should 'Big Three' declare bankruptcy?
* Can Republican governors rebuild GOP?
* Minnesota recount under scrutiny
* Sen. Stabenow on additional bailout mone

ADVERTISEMENT
[an error occurred while processing this directive]

* Most Read
* Top Emailed
* Top Videos

* Body of Former 'American Idol' Standout Found in Car Outside Paula Abdul's Home
* Pop Tarts: Did Cheetah Girl Leak Her Nude Pics?
* Woman Sues Strip Club, Exotic Dancer Over Son's Death
* 'Desperate Housewives' Actor Rushed to Hospital After 40-Foot Fall From Balcony
* Oregon Man Gets 6 Years for Texting 12-Year-Old Girl
* Report: Federal Credit Crisis Tab at $5 Trillion and Climbing
* Bone Marrow Transplant May Have Cured AIDS Patient
* Disgraced Pastor Says He Was Abused as a Kid
* Cross-Bearing Elderly Woman Attacked by Gay Marriage Supporters, May Press Charges
* Caylee Anthony's Family Spokesman Resigns, Citing 'Erratic Behavior'

* Lawsuit Claims Victoria's Secret Bras Cause Rashes, Hives
* Study: Aerosol Spray May Help Sex Last Longer
* Target Israel? Iran Tests New Long-Range Missile
* Special Ops Rescue American Hostage in Nighttime Raid in Afghanistan
* Lindsay Lohan Calls Obama First 'Colored President' in Interview
* 'Why Believe in a God?' Ad Campaign Launches on D.C. Buses
* Yellowstone Ski Resort for Super Rich Files Bankruptcy
* Fat Kids Found to Have Arteries of 45-Year-Olds
* Teen 'Reincarnation of Buddha' Draws Crowds
* Google Earth Lets You Tour Ancient Rome

* Learn how to look great in winter white.
* Parents fight for son's life support
* Emission standards issue in California
* Protests in Philadelphia over city cuts
* How about a raffle?
* Why does Hollywood hate our troops?
* Our soldiers are doing an amazing job.
* Spend next 100 years paying your mortgage!

* That's what this auto bailout is all about.
* Behind the scenes look at FOX hit

ADVERTISEMENT
ONLY ON FOX

*
Supreme Court Scorecard
A summary of the high court's decisions on 70 cases presented during the 2007-2008 term
*
2008 Primary Schedule
A handy list of who voted when
*
Leaving Congress: The Changing Face of the 110th
Click here to see the updated list of lawmakers not returning to their seats after the 2008 elections

* U.S.
* World
* Politics
* Health
* SciTech
* Entertainment

AP Wires

* Palin leaves door open for possible Senate run
* Stevens trailing in Alaska Senate race
* US general urges Obama to keep missile defense
* Bush looks back on past relief efforts in Africa
* GOP governors say party's future rests with them
* 19 people helping Obama's transition
* A look at Obama transition team leaders
* Republican Party to challenge campaign money laws
* Bush to warn of protectionism at summit
* Cheney, Biden to meet privately at VP residence
* News Archive

Marketplace

* Autos
* Mortgages

Find a Car
Find a Mortgage
Get Voicemail
Free Credit Score
Fox News Shop
Celebrity News
Lifestyle Magazine
Credit Report
Try Vonage Save up to $500
Try Vonage Try Vonage!

SEARCH
News Alerts RSS Feeds Podcasts Make FOXNews.com Your Home Page Careers

* Home
* U.S.
* World
* Politics
* FOX News Polls
* Business
* Health
* SciTech
* Entertainment
* Video
* Opinion
* uReport
* Sports
* Weather

* Radio
* Mobile
* FOX & Friends
* Live Desk
* Studio B
* Your World
* Special Report
* FOX Report
* O'Reilly Factor
* Hannity & Colmes
* On the Record
* RedEye
* FNC iMag
* FOX Fan
* News Archive
* FOX Around The World
* Contact US
* Upgrade Central
* FAQs
* Fox News Video Archive

Advertise on FOXNews.com ,FOX News Channel , and FOX News Radio Jobs at FOX News Channel. Internships @ FNCU

Terms of use. Privacy Statement. For FOXNews.com comments write to foxnewsonline@foxnews.com; For FOX News Channel comments write to yourcomments@foxnews.com

This material may not be published, broadcast, rewritten, or redistributed. © 2008 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.

Personal Bankruptcy: What you should know

2008-11-13T15:48:00.001-08:00

Skip navigation

msnbc.com home

*
* MSN Home |
* Mail
* More
o Hotmail
o Messenger
o My MSN
o MSN Directory
o Air Tickets/Travel
o Autos
o Careers & Jobs
o City Guides
o Dating & Personals
o Food & Entertaining
o Games
o Green Living
o Health & Fitness
o Horoscopes
o Investing
o Lifestyle
o Maps & Directions
o Money
o Movies
o Music
o News
o Real Estate/Rentals
o Shopping
o Sports
o Tech & Gadgets
o TV
o Weather
o White Pages
o Yellow Pages
* Sign In
* msn.com

* featuring
* Today Show
* Nightly News
* Dateline
* Meet the Press
* MSNBC TV
* NBC Sports

* Business
* Personal finance

sponsored by Click Here!
Categories
U.S. news
World news
Politics
Business
Stocks & economy
U.S. business
World business
Autos
Real estate
Retail
Careers
Personal finance
Small business
Viewpoints
Sports
Entertainment
Health
Tech & science
Travel
Weather
Local news
Browse
Video
Photos
Community
Disable Fly-outWhat are flyouts?

* Marketplace
* Credit Score $0at CreditReport.com
* Start a businessEntrepreneur.com
* NetflixTry for Free
* Career Centervia Monster
* Homes for Salevia HomePages.com
* Investments $7 online stock trades
* Autosvia MSN Autos
* Shoppingvia MSNBC Shopping

Personal bankruptcy: What you should know
October filings of 880,000 have eclipsed filings for entire year of 2007
Most popular
• Most viewed • Top rated • Most e-mailed
Prostitution Scandals of the Rich, Famous & Powerful
Britain faces sperm shortage, calls for donors
Stevens now trailing in Alaska Senate race
Democrats speed push for auto industry bailout
Host of spam groups cut off
Most viewed on msnbc.com
Oldest WWI survivor remembers forgotten ones
Souped-up immune cells catch disguised HIV
Astronauts head for extreme space makeover
A running friendship saves the life of one pal
Census of the ocean discovering new wonders
Most viewed on msnbc.com
Ten Worst Job Interview Blunders
Marrow transplant may have cured man's AIDS
Host of spam groups cut off
Britain faces sperm shortage, calls for donors
Office holiday party pits money against morale
Most viewed on msnbc.com
Latest interest rates
Mortgage Home Equity Savings Auto Credit Cards
See today's average mortgage rates across the country.
Loan type Today +/- Last week
30-year fixed
6.06%
6.22%
15-year fixed
5.76%
5.93%
30-year fixed jumbo
7.50%
7.57%
5/1 ARM
5.93%
6.02%
7/1 ARM
6.16%
6.24%

Source: Bankrate.com | View rates in your area
See today's average home equity rates across the country.
Loan type Today +/- Last week
$30K HELOC
4.89%
4.99%
$30K home equity loan
8.13%
8.09%
$75K home equity loan
7.99%
7.95%
$50K home equity loan
8.00%
7.95%
$50K HELOC
4.70%
4.73%

Source: Bankrate.com | View rates in your area
See today's savings rates across the country.
Savings type Today +/- Last week
Money market
2.42%
2.44%
$10K money market
2.66%
2.75%
Six-month CD
2.99%
3.01%
One-year CD
3.48%
3.49%
Five-year CD
3.88%
3.87%

Source: Bankrate.com | View rates in your area
See today's average auto rates across the country.
Loan type Today +/- Last week
48-month new car loan
6.59%
6.61%
36-month used car loan
7.16%
7.20%
36-month new car loan
6.82%
6.84%
60-month new car loan
6.60%
6.62%
72-month new car loan
6.44%
6.44%

Source: Bankrate.com | View rates in your area
See today's average credit card rates across the country.
Card type Fixed Variable
Standard 13.42% 11.61%
Gold 11.73% 10.29%
Platinum 10.77% 11.48%
All 12.00% 11.30%

Source: Bankrate.com | View more rates
updated 5:00 p.m. ET Nov. 12, 2008

NEW YORK - If mounting credit card bills are threatening to pull you under, you may be considering bankruptcy as a way to hit the restart button.

The American Bankruptcy Institute expects worsening economic conditions to drive up the number of consumer filings this year to their highest level since stricter bankruptcy terms went into effect in 2005.

Note: American BAnkruptcy Institute is a well known institute in America.

The more than 880,000 filings through October have already eclipsed the 823,000 filings for all of 2007. It's no wonder, with government figures showing Americans are lumbering under some $900 billion in credit card debt.
Story continues below ↓advertisement | your ad here

Bankruptcy comes with serious consequences for your credit profile, however. So if you're considering bankruptcy as a way out, here are six questions to ask yourself.

1. What type of bankruptcies are there?

There are two bankruptcy options for individuals.

Most people file for chapter 7 bankruptcy, which wipes clean unsecured debt such as credit card or medical bills. What won't disappear are fixed debts including mortgages, student loans, taxes and child support.

Under the second option, chapter 13 bankruptcy, filers agree to repay creditors over three to five years. Chapter 13 is typically for people who think they will be able to repay lenders and hold onto their home and other belongings.

There is no debt limit to file for chapter 7. For chapter 13, however, people can only have about $1 million in secured debt and some $350,000 in unsecured debt. This is to prevent businesses or wealthy individuals with business debts from applying.

2. Who can apply?

Eligibility for chapter 7 is determined by a formula known as the means test, which weighs your income against your ability to pay creditors. Your attorney calculates the test and it is vetted by a trustee.

A family earning $100,000 or less generally won't have problems filing for chapter 7 because the means test factors in living expenses. People who received a chapter 7 discharge in the past eight years are not eligible.

A similar means test is used to determine eligibility for chapter 13. People who got a chapter 7 discharge in the past four years or a chapter 13 discharge in the past two years are not eligible.

3. How do I get started and what are the costs?

Depending on the complexity of a chapter 7 case, you'll need to pay a lawyer an upfront fee of about $1,000 to $2,000, said Henry Sommer, president of the National Association of Consumer Bankruptcy Attorneys. Chapter 13 cases usually cost about $2,000 to $3,000 since they require developing a payment plan over several years.

In both cases, there is a court filing fee of about $300. You'll also need to pay roughly $100 for a mandatory credit counseling session and budgeting class.

Both sessions typically last about 45 minutes and may be in person, via phone or online.

If these costs seem out of reach, there are nonprofit groups that provide pro bono legal services. Court fees may also be waived for those who can't afford them.

4. What can I keep?

Pensions and 401(k) retirement accounts are usually safe under bankruptcy proceedings.

Depending on where you live, you may also be allowed to keep a limited amount of property under chapter 7.

In Massachusetts, for instance, people can keep up to $500,000 in home equity as long as there are no liens on the house, said Jack Williams, resident scholar of the American Bankruptcy Institute and a professor of bankruptcy law at Georgia State University.

By comparison, Maryland doesn't let people hold onto any home equity while Texas puts no cap on how much home equity people can keep. Some states also have capped exemptions for motor vehicles.

"Wild card" exemptions in several states let people keep as much as $20,000 in cash or other assets. The court typically won't go after property worth less than $1,000, because it might take more to administer the liquidation than it's worth.

You may also claim exemptions under chapter 13, but filers often hold onto their belongings by repaying creditors.

5. How does the process work?

Once you file for bankruptcy, an automatic stay immediately requires creditors to stop collection efforts. That means no more phone calls, letters or lawsuits.

Under chapter 7, you still need to pay mortgages and other secured debt.

Within 20 to 40 days after you file for bankruptcy, a trustee will schedule a meeting with you to go over your financial records. Creditors then have up to 60 days to object to the findings, after which your debts may be discharged.

Only the debts you list when you file for bankruptcy are erased. Any debt you incur or money you earn after filing for chapter 7 is not subject to proceedings. The process should take about four months from filing to approval.

For chapter 13 bankruptcy, filers start making payments immediately after the court approves the repayment plan.

Interest rates on mortgages, credit cards and other debts will likely drop substantially and the principal may also be reduced. During the repayment process, applications for new loans need to be approved by the trustee.

6. What are the repercussions?

Filing for bankruptcy comes with serious consequences.

To start, a chapter 7 bankruptcy stays on your credit report for 10 years while a chapter 13 sticks around for seven years.

Those with decent to good credit can also expect to see their scores drop by at least 100 points, said Barry Paperno, a spokesman for Fair Isaac Corp. Someone who doesn't have many credit card bills but suddenly incurs major medical expenses may fall into this category.

The exact impact on your score depends on how much debt was discharged and how many different accounts were involved. For instance, bankruptcy may have very little impact on someone who already has bad credit — which is often the case for filers. This might apply to people with scores of 500 or lower.

Of course a bankruptcy filing will hamper your ability to get credit going forward, so if you're in habit of living above your means that's an issue bankruptcy can't address.

Also in msnbc.com business

ConsumerMan: Credit card 101
Ads of the Weird: In the woods with HSBC
Your Career: Getting a job from Obama
Answer Desk: Big oil's big tax breaks
Video: Bracing for the financial week ahead
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

* Discuss Story On Newsvine
* Rate Story:
View popularLow
Rate it 0.5
Rate it 1
Rate it 1.5
Rate it 2
Rate it 2.5
Rate it 3
Rate it 3.5
Rate it 4
Rate it 4.5
Rate it 5
High
4.5 after 10 ratings
* Email
* Instant Message
* Print

MORE FROM PERSONAL FINANCE

One couple's extreme savings plan
Regulators deny credit card forgiveness plan
Personal bankruptcy: What you should know
One couple's extreme savings plan
Companies want pension reform rules eased
Answer Desk: Time to end oil tax breaks?
Struggling parents pull kids from day care
As savings erode, take control of college costs
Not taboo? Money talk flowing as woes mount
New-breed inspectors chase energy leaks
Shoppers spill spending sins on Web site
Personal finance Section Front

Add Personal finance headlines to your news reader:

Add to MyMSNAdd to My Yahoo!Subscribe with Bloglines
• More RSS feeds from MSNBC.com
Top msnbc.com stories
Bailout lacks oversight
Dems step up push for auto bailout
Gay couples start marry in Conn.
Little help for stuck air passengers
Treasury switches gears on bailout
NBC News highlights
Gun sales skyrocketing
Bracing for a lean holiday season
11 things he wants from you
Where are the 'Top Chefs' now?
Video: Pres. Bush's most memorable gaffes
SPONSORED LINKSGet Listed Here

Save Energy. Save Money.

Find out how you can save energy and cut your electric bill.

Find helpful tips from your local Touchstone Energy Cooperatives.

StopEnergyLeaks.com

Resource guide

Get Your 2008 Credit Score
Click Here!

Find a business to start

Movies delivered - Try free

Try for Free

Having a Credit Card Problem? Here's Help

2008-11-12T21:46:00.001-08:00

IS THE CREDIT CRISIS ABOUT TO SEND AFRICA INTO YET ANOTHER DOWNWARD SPIRAL?

2008-11-06T15:00:00.001-08:00

Advertisement

Accessibility Help

* Skip to content
* Skip to bbc.co.uk search
* Low graphics
* Accessibility Help
* Access keys help

British Broadcasting Corporation
Search term

Explore the BBC
BBC News Updated every minute of every day
watch One-Minute World News
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
Health
Science & Environment
Technology
Entertainment
Also in the news
-----------------
Video and Audio
-----------------
Advertisement
Have Your Say
In Pictures
Country Profiles
Special Reports
Related BBC sites

* Sport
* Weather
* On This Day
* Editors' Blog
* BBC World Service

Site Version

* UK Version
* International Version
* About the versions

Languages

* Somali
* French
* Arabic
* Swahili
* Great Lakes
* Hausa
* Portuguese Africa
* More

Page last updated at 23:12 GMT, Tuesday, 21 October 2008 00:12 UK
E-mail this to a friend Printable version
Can Africa gain in the credit crisis?

A huge gem from Lesotho

By Martin Plaut
BBC News

Is the credit crisis about to send Africa into yet another downward spiral?

Perhaps not. In fact it is possible that the continent could fare better than the rest of the world.

This is at least in part because most African economies have been so marginal to the international economic system that they have been less affected than other regions of the globe.

Many countries have regulations which prevented them from investing in the so-called 'toxic' financial products
Davinder Sikand
Aureos Africa Fund

Davinder Sikand, managing partner for the Aureos Africa Fund, which has $400m (£236m) invested in the continent, says that Africa's banks have been so conservatively managed that they have almost no exposure to the sub-prime market that has caused such havoc elsewhere in the world.

NOTE: SIKAND IS A WELL RESPECTED PERSONALITY IN AUREOS AFRICA FUND.

"Most of our financial institutions are not directly impacted," he says.

"Many countries have regulations which prevented them from investing in the so-called 'toxic' financial products."

The International Monetary Fund (IMF) takes a similar view and says there is no systemic risk to any African country in terms of banking.

But if most African states have been relatively insulated from the credit crunch, the same cannot be said of the most developed economy on the continent - South Africa.

South Africa is affected in at least two ways:

* The rand has been severely hit, experiencing record falls as international investors claw back their money to meet more urgent needs at home. South Africa has run a sizeable balance of payments deficit in recent years, financed by foreign investment and this has been flowing out of the country
* Unlike many other African countries, South Africa has relied on raising large sums on international markets. The state's electricity supply company, Eskom, needs to raise more than $30bn (£17bn) over the next five years, but had to delay issuing bonds in the current market conditions.

But the rest of Africa does not get off scot free.

Growth rates

If the world goes into a slump, demand for Africa's commodities will fall, taking export earnings with them.

A power plant in China
China has an insatiable appetite for Africa's resources

Oil prices have halved from $147 (£87) a barrel to $70 (£41).

Although this will hit countries like Angola, Chad, Nigeria, and Sudan, most based their budgets on conservative oil prices and will not be too severely affected.

Nigeria's budget - for example - is based on a benchmark price of $62.50 (£37) a barrel.

Copper has also fallen, which will have a substantial effect on Zambia and the Democratic Republic of Congo.

But these are likely to be short-term effects, as China has an almost insatiable appetite for minerals.

It is likely to dent growth rates, which have averaged around 5% a year over the last 10 years.

Before this autumn's financial meltdown, the IMF was predicting growth of 6.6% this year; now it is predicting a 3% growth.

Mr Sikand agrees.

"There is likely to be a slowdown in African economies, but instead of talking about a 6% or 7% growth rate, you are talking about 3%, 4% or 5% growth."

'Hopeless continent'?

Economists believe Africa's growth is more solidly based than it has been in previous years.

If you are a direct investor... then political risk affects your every waking hour
Farouk Soussa
Standard and Poor's
And it is not just the obvious oil-producing countries that have been benefitting.

Countries like Botswana, Ghana, Mozambique, Tanzania, Uganda and Zambia have all done well in recent years.

So what has really improved Africa's economic prospects?

Major injections of foreign aid have helped, as have the billions sent back in remittances.

But probably the most important factor has been the improvement in economic management.

Razia Khan heads Standard Chartered Bank's African research effort.

"In recent year's we've seen improved macro-economic management; bringing budget deficits down, not having high rates of inflation, bringing interest rates down," says Ms Khan.

"This has helped change the prospects in Africa."

But if the future looks brighter in some countries, the same cannot be said right across the continent.

Voters in Angola
Democracy reduces risk, say investors

Africa still has its fair share of instability.

There is Sudan's western region of Darfur, Somalia and eastern DR Congo for a start - and that is before anyone mentions Zimbabwe.

Farouk Soussa deals with Africa for the international credit rating agency, Standard and Poor's.

For someone like him - advising international investors on whether to put their cash into African projects - risk is a constant headache.

"If you are a direct investor, and you are going to buy up a company, then political risk affects your every waking hour - from corruption, to changes in rules, to violence and crime," he says.

"But with the push for democratisation, there has been a reduction in risk."

Once the dust settles from the current credit crisis, the prospects for African growth look distinctly promising.

It may just be that it can - at last - shrug off its label once given it by the Economist magazine as "the hopeless continent".

E-mail this to a friend Printable version
Bookmark with:

* Delicious
* Digg
* reddit
* Facebook
* StumbleUpon

What are these?

Advertisement

GLOBAL FINANCIAL CRISIS
KEY STORIES
US treasury to sell bail-out bonds
South Korea in $11bn rescue plan
Recession fears grip US consumers
Bank of Japan makes rare rate cut
Hungary to get $25bn rescue deal
World credit loss '£1.8 trillion'
BACKGROUND AND ANALYSIS
Man walks past share board in Japan World in turmoil
A look at what is happening in markets most affected by the credit crunch
African investment could be hit
China 'can be engine of growth'
Are my savings safe?
Have bail-outs worked?
CRISIS OVERVIEW
How market moves affect you
Timeline: Global credit crunch
Credit crunch jargon explained
Crisis in graphics
Smashed piggy bank Audio slideshow
Robert Peston's guide to the causes of the financial turmoil
HAVE YOUR SAY
Can world leaders end the crisis?
Is the crisis affecting you?
Global money gloom: Your stories
VIDEO REPORTS
Steve Forbes Steve Forbes: 'The worst is over'
watch
Christine Wah Crisis time: The impact on daily lives
watch
Teddy Weisberg Wall Street trader's NYSE tour

Traders (file picture) Rotten roots and what happened next
watch

RELATED INTERNET LINKS
Standard and Poor's
Aureos
Standard Chartered Bank
IMF
The BBC is not responsible for the content of external internet sites

TOP AFRICA STORIES
Thousands flee DR Congo clashes
Kenya declares holiday for Obama
'Hostage killed' in Cameroon raid
News feeds| News feeds

MOST POPULAR STORIES NOW

* E-MAILED
* READ
* WATCHED/LISTENED

* Lavish coronation for Bhutan king
* Golf secret not all in the wrists
* Attacked jogger takes fox for run
* Safety fears over nanocosmetics
* Probiotics 'may stop pneumonia'

Most popular now, in detail

* E-MAILED
* READ
* WATCHED/LISTENED

* Obama builds up White House team
* Why John McCain lost
* Lavish coronation for Bhutan king
* Attacked jogger takes fox for run
* US election results map

Most popular now, in detail

* E-MAILED
* READ
* WATCHED/LISTENED

* videoWorld reacts to Obama win
* videoStory of Obama supporter aged 106
* videoCelebrity reaction to Obama win
* videoObama's victory speech in full
* videoObama: 'This is our moment'

Most popular now, in detail

FEATURES, VIEWS, ANALYSIS
Juan Camilo Mourino, file image Strongman dies
Mexico's interior minister killed in a plane crash

John McCain Republican woes
What next for the party beaten at the polls?

Michael Crichton Thriller master
The late Michael Crichton's stories wowed the world

Skip to top
PRODUCTS & SERVICES

* E-mail news
* Mobiles
* Alerts
* News feeds
* Podcasts

Advertisement
Explore the BBC

Home
Popular links

* Merlin
* Credit crunch
* The Real Hustle

BBC links A to F

1. BBC iPlayer
2. CBBC
3. CBeebies
4. Food

BBC links H to L

1. Health
2. History
3. Learning
4. Local & Nations

BBC links M to Sc

1. Music
2. News
3. Radio
4. Science & Nature

BBC links Sp to W

1. Sport
2. TV
3. Weather

A whole lot more

To top
Site Links

* News Sources
* About BBC News

BBC links

* About the BBC
* BBC Help
* Contact Us
* Accessibility Help
* Terms of Use
* Jobs
* Privacy & Cookies
* Advertise With Us

BBC © MMVIII

The BBC is not responsible for the content of external internet sites.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

46,787 RESULTS FOR MARKETING MANAGEMENT

2008-10-18T16:21:00.001-07:00

Blogosphere

Extra, Extra! Read all about it!
Check out our entire
State of the Blogosphere 2008
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Search / 46,787 results for marketing management
Subscribe

* Posts
* Blogs
* Photos
* Videos

search in
of blogs with in language

Search in entire post of blogs with some authority in English [change]
Related tags:

* small business and retail management,
* detailhandel,
* evenementen,
* supermarkten,
* prijzen,
* ict,
* marketing,
* albert heijn,
* lidl,
* diefstal

1. Photo of ka9taw
Paul Mooney: Time to rethink the Lotus Notes front end?
http://edbrill.com/ ebrill/ edbrill.nsf/ dx/ new-job-day-3-a-stake-in-the-ground

Permanent Link Location: Highland Park, IL USA New job day 3: ... up to. Put simply, the function of my new team is product management. We worry about the overall ... .

15 minutes ago by ka9taw in Ed Brill · Authority: 210
2. Photo of Finbar
THE FINTAG NEWSLETTER @ 09 October 2008
http://fintag.com/ archive/ 2008/ 10/ 09/

[ ]FINTAG COMMENT Phew! At last these "once in a lifetime events" are becoming so regular that I am able to sleep better than usual. The British now have one of the highest tax burdens in the world, the streets around the Bank of England have more journalists than city workers and market volatility

1 hour ago by Finbar in FiNTAG: Hedge Funds: Daily News: Gossip: Predictions: Opinions · Authority: 65
3.
View all »
Videos about marketing management
1. Master of Marketing Management in Bern (www.imu.unibe.ch)
2. USQ School of Management and Marketing
3. marketing management software business marketing small
4. Keynote Speaker: Futurist Patrick Dixon - industry trends - management, marketing, customers, lifestyles, motivation, change management and leadership development. Corporate event keynote speaker: video and slides.
4. Photo of BernieTyrol
DMI Review: Unleashing the Power of Design Thinking at IBM
http://www.customer-experience-labs.com/ 2008/ 10/ 09/ dmi-review-unleashing-the…

image The Design Management Institute has just published an article titled "Unleashing the ... Strategist for IBM Corporate Marketing and Communications. While the magazine is fully accessible ...
NOTE: IBM IS ONE OF THE TOP COMPANY IN MARKETING AND COMMUNICATIONS.
1 hour ago by BernieTyrol in The Customer Experience Labs | design.remarkable.experience · Authority: 25
5. No one has claimed this blog
CMS at a crossroads
http://digitalassetmanagementorguk.wordpress.com/ 2008/ 10/ 09/ cms-at-a-crossro…

What Next for Web CMS Vendors? by Kasman Thomas 09-Oct-2008 In research for the Web CMS Report ... in new markets based on some combination of product features and marketing strategy ...

1 hour ago in digital asset management weblog · Authority: 21
6. Photo of deadpresident
Idea Cellular - Annual Report - 2007-2008
http://deadpresident.blogspot.com/ 2008/ 10/ idea-cellular-annual-report-2007-20…

IDEA CELLULAR LIMITED ANNUAL REPORT 2007-2008 DIRECTORS' REPORT Dear Shareholders, The Directors are pleased to present their Thirteenth Annual Report together with the Audited Accounts of your Company for the financial year ended March 31, 2008.

1 hour ago by deadpresident in Dead Presidents! - India Equity Research · Authority: 30
7. Photo of deadpresident
Polaris Software - Annual Report - 2007-2008
http://deadpresident.blogspot.com/ 2008/ 10/ polaris-software-annual-report-2007…

POLARIS SOFTWARE LAB LIMITED ANNUAL REPORT 2007-2008 DIRECTOR'S REPORT To the Members, Your Directors have great pleasure in presenting the Fifteenth Annual Report together with the Audited Statements of Accounts for the year ended March 31, 2008. 1. Financial Results a.

1 hour ago by deadpresident in Dead Presidents! - India Equity Research · Authority: 30
8. Photo of deadpresident
Geodesic - Annual Director's Report - 2007-2008
http://deadpresident.blogspot.com/ 2008/ 10/ geodesic-annual-directors-report-20…

GEODESIC INFORMATION SYSTEMS LIMITED ANNUAL REPORT 2007-2008 DIRECTOR'S REPORT To, ... has been recorded at 12.09%. Your management made all efforts to keep its promise of increasing revenues

1 hour ago by deadpresident in Dead Presidents! - India Equity Research · Authority: 30
9. Photo of gswann
Will Mortgage Brokers Be the Hope For Homeowners?
http://www.bloodhoundrealty.com/ BloodhoundBlog/ ?p=4858

The FHA Hope For Homeowners program was designed for existing homeowners, struggling with mortgage payments and an "upside-down" equity position in their primary residence. It is a new program with lots of misinformation. Some believe it can only be offered by existing loan servicers, some think

1 hour ago by gswann in BloodhoundBlog: National real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments · Authority: 1,338
10. No one has claimed this blog
How a Degree in the Culinary Arts will Give You the Edge
http://www.betteronlineeducation.com/ / how-a-degree-in-the-culinary-arts-will-g…

Find the Best Online Colleges Universities at BetterOnlineEducation ... of the food industry, so you can expect some in-depth tuition on business management and running IT programs such as CRM (customer relationship management) and

1 hour ago in Best Online Colleges, Best Online Universities, Top Online College Review, APA Approved Accredited Programs · Authority: 25
11. Photo of techlime
Acer Aspire Wimax Notebooks: 6930-6771 & 4930-6862
http://techlime.com/ laptops-desktop-tablet-pc/ acer-aspire-wimax-notebooks-6930…

Acer have taken the wraps off of their WiMAX-integrated notebooks, designed to work with Sprint's new XOHM network. The tiresomely-named Aspire 4930-6862 and Aspire 6930-6771 both integrate Intel's new WiMAX/WiFi Link 5050 module for Centrino 2 notebooks, promising average downlink speeds of 2-4

1 hour ago by techlime in TechLime | Mobiles, Graphic Cards, CPU, Cameras, LCD Tvs, Gaming, GPS, Handhelds, HDTV, Laptops, Storage, etc. · Authority: 75

1. 1
2. 2
3. 3
4. 4
5. 5
6. 6
7. 7
8. next »

Rising and falling in Advertising
Technorati data powered by Truviso
About / rising and falling

Find posts and stories that have something in common using this weighted list of phrases, where popularity is represented by size. Learn more...

Ads by Google

* Marketing ManagementEnhance your career with a flexible
course, by distance learningwww.le.ac.uk
* advertisingReach the precise audience you want
with relevant targeted ads.www.facebook.com/ads/
* Yahoo!'s Sponsored SearchTarget your clients geographically
at country level in Southeast Asia.searchmarketing.yahoo.com
* Retail Execution SolutionOptimize field sales, marketing &
merchandising with O4's Solutionwww.o4corporation.com

Mentions by Day

Posts mentioning marketing management per day for the past 30 days.
Chart of results for marketing management

12,904 RESULTS FOR MUTUAL FUND

2008-10-17T16:07:00.001-07:00

Blogosphere

Extra, Extra! Read all about it!
Check out our entire
State of the Blogosphere 2008
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Search / 12,904 results for mutual fund
Subscribe

* Posts
* Blogs
* Photos
* Videos

search in
of blogs with in language

Search in entire post of blogs with some authority in English [change]
Related tags:

* etf,
* index fund,
* prison,
* politics,
* investment,
* irs,
* hedge fund,
* society,
* healthcare,
* daily life

1. No one has claimed this blog
The Fall of the Bond Markets
http://money-advice-guide.org/ 2008/ 10/ 09/ the-fall-of-the-bond-markets/

The Fall of the Bond Markets The current question that is being asked in the stock is why is the bond market selling off. While there is a number of excuses there are real reasons this is occurring. First and foremost there are more seller than buyers.
NOTE:PLUNGE IN THE STOCKMARKET AFFECTED THE BOND MARKET.
48 minutes ago in Money Advice Guide · Authority: 15
2. Photo of Finbar
THE FINTAG NEWSLETTER @ 09 October 2008
http://fintag.com/ archive/ 2008/ 10/ 09/

[ ]FINTAG COMMENT Phew! At last these "once in a lifetime events" ... on dire warnings by the International Monetary Fund. The UK Government sought to bolster Britain's

1 hour ago by Finbar in FiNTAG: Hedge Funds: Daily News: Gossip: Predictions: Opinions · Authority: 65
3.
View all »
Videos about mutual fund
1. 20. Mutual Funds 1: What is a Mutual Fund?
2. 21. Mutual Funds 2: Types of Mutual Funds
3. Mutual fund company deal
4. Very funny Indian ad for HDFC Mutual fund
4. No one has claimed this blog
Too 'SMALL' To Fail!!!
http://howardlindzon.com/ ?p=3878

There is panic people. You can choose to Panic or you can do as I do everyday and repeat after ... such massive damage (the IBD mutual fund index is down 40 freaking percent this year). This is a once

1 hour ago in Howard Lindzon · Authority: 250
5. No one has claimed this blog
Why the Wall Street bail out plan is bad-5: Rewarding greed
http://wp02.miomia.net/ wp02/ 2008/ 23466.html

In this next-to-last post in this series (but probably not on this topic), I want to look at how senior Wall Street executives saw their profession as some sort of game in which the goal was to extract more personal benefit than the next executive, leading to a leap-frogging of various forms of

2 hours ago in Mortgage Information · Authority: 106
6. Photo of QualityStocks
USA Truck Inc. (USAK): King of the Road, Royalty for Your Portfolio?
http://Blog.QualityStocks.net/ ?p=12832

USA Truck (USAK) offers truckload freight services to various industries, ... own 31 percent of USA Truck's shares while 40 institutions control another 57 percent. Mutual fund

2 hours ago by QualityStocks in The Quality Stocks Stock Newsletter For Smallcap Companies Blog · Authority: 41
7. No one has claimed this blog
Say it with me: Money market mutual funds are not insured
http://www.usatoday.com/ money/ perfi/ columnist/ krantz/ 2008-10-09-money-marke…

Q: I thought money market funds were safe. So, why am I losing 3% of my money on The Reserve Primary Fund?

3 hours ago in Money News: Financial, Economy, Stock Market & Real Estate Stories - USATODAY.com · Authority: 30
8. No one has claimed this blog
Say it with me: Money market mutual funds are not insured
http://money.com.hr/ say-it-with-me-money-market-mutual-funds-are-not-insured/

Q: I thought money market funds were safe. So, why am I losing 3% of my money on The Reserve Primary Fund?

3 hours ago in Money, Insurance, Mortgage, Investment · Authority: 20
9. No one has claimed this blog
Obama Lying Again
http://robertd.wordpress.com/ 2008/ 10/ 08/ obama-lying-again/

From the McCain Campaign via Fox's Urgent Que. You get to read it here first! Of course the McCain people won't say B. Hussein Obama lied, that was me. I say, watch the video and read the facts. He Lied!
NOTE: MCCAIN IS A U.S. PRESIDENTIAL CANDIDATE.
3 hours ago in Bob's Bites · Authority: 25
10. Photo of MarathonPundit
Friends of Barack update: Obama still not telling all about his relationship with Ayers
http://marathonpundit.blogspot.com/ 2008/ 10/ obama-still-not-telling-all-on-his…

Barack Obama is still not telling everything he knows about his relationship with unreptentant terrorist Bill "Bomber" Ayers. Or for that matter, Ayers' wife Bernardin Dohrn. In his interview on on Hannity & Colmes I saw two hours ago, John McCain said something along the lines that during their

3 hours ago by MarathonPundit in Marathon Pundit · Authority: 240
11. No one has claimed this blog
Four Mutual Fund Giants Join Guaranty Plan
http://www.wp.elo.pl/ four-mutual-fund-giants-join-guaranty-plan-3/ 09/ 10/ 2008…

The new federal program aimed at restoring confidence in the nation's money market funds was joined by four of the nation's best-known mutual fund companies.

3 hours ago in My very new news blog · Authority: 24

1. 1
2. 2
3. 3
4. 4
5. 5
6. 6
7. 7
8. next »

Rising and falling in Finance
Technorati data powered by Truviso

1. amex
2. bankruptcy
3. cd
4. cfr
5. corporate
6. credit
7. credit cards
8. debt
9. earnings
10. federal reserve
11. financial
12. financial goals
13. garmin
14. gold
15. housing
16. housing market
17. inflation
18. insurance
19. ipo
20. nasdaq
21. options
22. saving money
23. stock market
24. stock quotes
25. tax

About / rising and falling

Find posts and stories that have something in common using this weighted list of phrases, where popularity is represented by size. Learn more...

Ads by Google

* Invest Your Money HereSafe High Yield Investment Program
Get High Profit & Commission Today.www.NewsMaxInvesting.com
* Make Money Online HereFair Investments!
Safe - Profitable Online Investmentwww.makeprofits24hrs.biz
* Mutual FundFind the Right Mutual Funds
2,000 Reports - Free 14 Day Trialwww.morningstar.com
* Bank IncomeMake money from home Business.
More money income at homewww.BankIncomes.com

Mentions by Day

Posts mentioning mutual fund per day for the past 30 days.
Chart of results for mutual fund
Click here to find out more!

*
Film »
MIDI Shield

Amos Joseph's MIDI Shield is a project we've mentioned before, as a prototype. Well, he got his test PCBs back from BatchPCB and …
*
Entertainment »
Lunchtime Quiz: 60s Band or 70s Group?

Rock, pop, and R&B found its own in the …
*
Today in photos »
Today in Photos
*
Business »
Global Coordinated Rate Cuts Won't Solve

This morning the Fed, ECB, Bank of England, …

* © Technorati, Inc.
* Technorati Japan
* Ping Us
* CC License
* Terms of Service
* About Us
* Contact Us
* Advertise

Member Sign In
(Not yet a member?)
Member name
Password forgot your password?
Close

OLDER AUSTRALIANS TOLD TO MOVE ON

2008-10-16T16:01:00.001-07:00

Snap Shots Options [Make this Shot larger] [Close]
Options
Disable
Get Free Shots

Close
Snap Shares for charity
election

Obama, Biden, McCain, and Palin are burning up the Blogosphere. Read about them in Election 2008!
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Reactions to story from Top News | Only Top Stories of the Day
Older Australians told to move on
http://topnews.in/ older-australians-told-move-274413

Older Australians told to move on Submitted by Sahil Nagpal on Thu, 10/09/2008 - 03:22. Lifestyle Australia Sydney - Retired couple Lyn Gardiner and Rob Gay are selling their Melbourne home, buying a camper van and joining the tens of thousands of older Australians perpetually on tour in the wide brown land. It's a lifestyle change that warms the heart of sociologist Bruce Bradbury of the University of New South Wales in Sydney. His research shows that lots of pensioners have little money in the bank but are living in houses worth a fortune.
NOTE: BRADBURY IS A RESPECTED SOCIOLOGIST.
3 hours ago
Tagged:

* Lifestyle,
* Australia,
* lifestyle,
* australia

Top News | Only Top Stories of the Day
http://topnews.in
thumbnail view larger thumbnail

* Rank: 1,853 Top 2,000
* Authority: 1,167
* Favorite it

ShareThis
More rising blog posts

*
Business »
Kill the Paper, Save the News
*
Lifestyle »
GO-Tech Meeting in Ann Arbor
*
Politics »
Cindy McCain goes after Obama
*
Technology »
Chicago Planetarium's $3M "Overhead Projector"
*
Entertainment »
Carrie Milbank Lays on a Rock and Wonders What Happened to Deadspin Today [Duan!]
*
Sports »
CCU's Golfers Are Just Like Their Football Team

More rising news stories

*
Business »
U.K. Stocks Fall Despite Bold Bailout Move
*
Lifestyle »
Yes, Dow's Record Was Year Ago Today
*
Politics »
NOAA, Court Focus On Marine Mammals
*
Technology »
Storm Is Latest of iPhone Rivals
*
Entertainment »
TNT to Televise Landmark Outdoor NBA Preseason Game
*
Sports »
Canucks demote Pettinger, Krog, Cowan

Advertise on Technorati
Recent posts from Top News | Only Top Stories of the Day

*
Counter-claims fly in Thailand on who was responsible for bloodshed
1 hour ago
*
RIM Unveils Its 3G Storm
2 hours ago
*
Sensex Ends 366.88 Pts Down
2 hours ago

View all »
Click here to find out more!

Advertise on Technorati

*
Wine »
Jim Noir

I discovered Jim Noir while I was perusing through rate your music a couple days ago and noticed his album on a few best of 2008 …
*
Gaming »
Rumorang: Xbox 360 external Blu-ray drive

Filed under: Microsoft Xbox 360, Business …
*
Today in photos »
Today in Photos
*
Entertainment »
Lunchtime Quiz: 60s Band or 70s Group?

Rock, pop, and R&B found its own in the …

* © Technorati, Inc.
* Technorati Japan
* Ping Us
* CC License
* Terms of Service
* About Us
* Contact Us
* Advertise

Member Sign In
(Not yet a member?)
Member name
Password forgot your password?
Close

194,554 RESULTS FOR TRADING

2008-10-15T16:52:00.001-07:00

election

Obama, Biden, McCain, and Palin are burning up the Blogosphere. Read about them in Election 2008!
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Search / 194,554 results for trading
Subscribe

* Posts
* Blogs
* Photos
* Videos

search in
of blogs with in language

Search in entire post of blogs with some authority in English [change]
Related tags:

* stocks,
* stock,
* forex,
* investments,
* oil,
* gold,
* futures,
* fed,
* bonds,
* dollar

hide
Rising items in Finance
Headlines

1. Worden's T2116: Another Indicator That's Off the Charts
2. Tech stocks close erratic day in the red
3. Bond Expert: Wednesday Outlook
4. FTSE off 7.6%
5. Russian Stock Market Collapse Exacerbates Its Credit Crunch

Sad Guys on Trading Floors

As noted yesterday, we lowered our Dow target to 9,000. As we get closer to that, we start paying closer attention to contrary indicators.
14 hours ago in The Big Picture · Authority: 2,405
Photos

1.
Image of Autocar drives 2010 Mazda3 prototype -
Autocar drives 2010 Mazda3 prototype - "big improvement"
2.
Image of The Financial Panic of 2008
The Financial Panic of 2008
3.
Image of An emotional roller coaster for Baby Boomers
An emotional roller coaster for Baby Boomers

1. No one has claimed this blog
Rate Cut Speculation
http://wp02.miomia.net/ wp02/ 2008/ 23490.html

Good morning. Much like we saw late last week, speculation has intensified over worldwide rate ... and have been extremely volatile ahead of the open. At a minimum, we're likely to see a very choppy trading session

5 minutes ago in Mortgage Information · Authority: 106
2. No one has claimed this blog
Ahead Of The Vote
http://wp02.miomia.net/ wp02/ 2008/ 23489.html
NOTE: TRADING HAS ITS POSITIVE AND NEGATIVE EFFECTS.
[#2: Edit Options>MightyAdsense>Adsense Code] Good morning. Continuing the trend of negative ... trading, a number of financial stocks are in rally mode as traders think a M&A wave is about to hit ... is likely to be as negative as the other economic reports we've seen this week.

6 minutes ago in Mortgage Information · Authority: 106
3. No one has claimed this blog
Seeking Clarity
http://wp02.miomia.net/ wp02/ 2008/ 23488.html

[#3: Edit Options>MightyAdsense>Adsense Code] Good morning. Much like we saw yesterday morning, we're seeing negative sentiment in the premarket trading as investors seek clarity from both Congress and the economy.

6 minutes ago in Mortgage Information · Authority: 106
4. Photo of justabovesunset
The Perils of Simplification
http://justabovesunset.wordpress.com/ 2008/ 10/ 08/ the-perils-of-simplification…

Karl Popper once said that science may be described as the art of systematic oversimplification. You come up with a relatively simple way to explain why things are as they are – your hypothesis – and you test your hypothesis with controlled experiments to figure out if you were right, or way off target.

8 minutes ago by justabovesunset in Just Above Sunset · Authority: 42
5. No one has claimed this blog
Watch a dust devil spin in Martian Yasha kagome.
http://westcareold.fetischluder.com/ 2008/ 10/ 09/ watch-a-dust-devil-spin-in-ma…

Watch a dust devil spin in Martian Yasha kagome. October 9th, 2008 Auto generated from over news ... trading after saying it will raise capital and cut jobs following a third quarter profit decline

11 minutes ago in Boxes of cytotec a potency pill. · Authority: 102
6. Photo of AndrewOlson
Free Two Week Trial To The Options Capitalist
http://www.straightstocks.com/ stock-watch/ free-two-week-trial-to-the-options-c…
NOTE: SHEPARD IS A RESPECTED CAPITALIST.
Free Two Week Trial To The Options Capitalist Daniel Shepard Writes: Navivest is offering a free two week trial to our Options Capitalist trading advisory service ...

14 minutes ago by AndrewOlson in Stock Market News & stocks to watch from StraightStocks · Authority: 103
7. Photo of jollyroger
Add a TRILLION More
http://reconstitution.us/ rcnew/ ?p=2387

Add a TRILLION More Proportionally, this is hard to get your head around ... has shut down trading on its stock market a couple of times now, Germany has guaranteed the safety

17 minutes ago by jollyroger in Reconstitution 2.0 | Commentary guaranteed to offend, sooner or later. · Authority: 86
8. Photo of deadpresident
Hedge funds caused market crash ?
http://deadpresident.blogspot.com/ 2008/ 10/ hedge-funds-caused-market-crash.htm…

There were two rumours doing rounds explaining Wednesday's bungee-jump by the stock markets ... to the index."People who have been trading in stock futures and stocks are moving to the index, which could

19 minutes ago by deadpresident in Dead Presidents! - India Equity Research · Authority: 30
9. No one has claimed this blog
Ban on Short Sale Ends - Hold Your Breath
http://seekingalpha.com/ article/ 99127-ban-on-short-sale-ends-hold-your-breath?…

On October 1, 2008, the Securities and Exchange Commission extended its emergency action ... announced, the ProShares UltraShort Financial ETF (SKF) was halted and when it resumed trading

19 minutes ago in Stock Market News, Opinion & Analysis, Investing Ideas -- Seeking Alpha · Authority: 3,555
10. No one has claimed this blog
Oil Hits 2008 Low in Intraday Trading
http://money.aol.com/ news/ articles/ _a/ bbdp/ oil-hits-2008-low-in-intraday-tr…

Oil Hits 2008 Low in Intraday Trading posted: 10 HOURS 4 MINUTES AGOcomments: 0 filed under: Crude Oil Prices oil derrick AP An unexpected rise in fuel inventories pushes crude oil futures

21 minutes ago in Money - AOL Money & Finance · Authority: 4,719

1. 1
2. 2
3. 3
4. 4
5. 5
6. 6
7. 7
8. next »

Rising and falling in Finance
Technorati data powered by Truviso

1. amex
2. bankruptcy
3. cd
4. cfr
5. corporate
6. credit
7. credit cards
8. debt
9. earnings
10. federal reserve
11. financial
12. financial goals
13. garmin
14. gold
15. housing
16. housing market
17. inflation
18. insurance
19. ipo
20. nasdaq
21. options
22. saving money
23. stock market
24. stock quotes
25. tax

About / rising and falling

Find posts and stories that have something in common using this weighted list of phrases, where popularity is represented by size. Learn more...

Ads by Google

* Easy Currency TradingStart Trading Online from Only $200
24x7, High Leverage, No Downloads!www.Easy-Forex.com/Asia
* Futures Auto TradingReturns averaging 15%-100% a day
$9000 in 2 days with 5 YM Contractswww.HedgeTheTrade.com
* Exporting from ChinaWholesale Price from Manufacturers
Join Us Today & Inquiry Directly!www.Made-in-China.com
* TradingLet our automated forex robot
Make thousand of dollars for youforexautopilot.com/trading

Mentions by Day

Posts mentioning trading per day for the past 30 days.
Chart of results for trading

*
Entertainment »
Lunchtime Quiz: 60s Band or 70s Group?

Rock, pop, and R&B found its own in the decade between 1955 and 1965, but a huge chunk of the best-known bands and groups appeared …
*
Technology »
'Brick' MacBook Pro leaked in up-close

Filed under: Laptops Since we heard those …
*
Today in photos »
Today in Photos
*
TV »
Netflix Charging $1 More to Blu-ray Renters

We knew this day would come, but Netflix has …

* © Technorati, Inc.
* Technorati Japan
* Ping Us
* CC License
* Terms of Service
* About Us
* Contact Us
* Advertise

Member Sign In
(Not yet a member?)
Member name
Password forgot your password?
Close

20,462 RESULTS FOR FINANCE INSURANCE

2008-10-14T16:39:00.001-07:00

Blogosphere

Extra, Extra! Read all about it!
Check out our entire
State of the Blogosphere 2008
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Search / 20,462 results for FINANCE INSURANCE
Subscribe

* Posts
* Blogs
* Photos
* Videos

search in
of blogs with in language

Search in entire post of blogs with some authority in English [change]

1. No one has claimed this blog
Insurance for the Community
http://women-guide.com/ insurance-for-the-community/

Insurance for the Community Thursday 9 October 2008 @ 6:05 am It might be unusual to think about, but insurance is actually a good idea for the entire community.

29 minutes ago in women guide ][ women know · Authority: 34
2. Photo of deadpresident
HOEC - Annual Director's Report - 2007-2008
http://deadpresident.blogspot.com/ 2008/ 10/ hoec-annual-directors-report-2007-2…

HINDUSTAN OIL EXPLORATION LIMITED ANNUAL REPORT 2007-2008 DIRECTORS' REPORT TO THE MEMBERS OF HINDUSTAN OIL EXPLORATION COMPANY LIMITED Your Directors have pleasure in placing before you the 24th Annual Report and Audited Statement of Accounts for the year ended March 31, 2008. FINANCIAL HIGHLIGHTS: (Rs.

36 minutes ago by deadpresident in Dead Presidents! - India Equity Research · Authority: 30
3.
View all »
Videos about FINANCE INSURANCE
1. Minister of Finance Insurance at the hands of the hero in th
2. Finance and Insurance Department in Dealership. Jack...
3. YOU CAN HELP Fibromyalgia Mom w/ Lincoln Financial Insurance
4. International Finance Jobs
4. Photo of deadpresident
Polaris Software - Annual Report - 2007-2008
http://deadpresident.blogspot.com/ 2008/ 10/ polaris-software-annual-report-2007…

POLARIS SOFTWARE LAB LIMITED ANNUAL REPORT 2007-2008 DIRECTOR'S REPORT To the Members, ... (including other income) before Depreciation,Finance Charges, provision for diminution in value ofinvestments and Tax 10,478 13,790Less:Finance

38 minutes ago by deadpresident in Dead Presidents! - India Equity Research · Authority: 30
5. No one has claimed this blog
100 Economists
http://forum.grasscity.com/ us-presidential-elections-2008/ 279619-100-economist…

NOTE: OBAMA IS A U.S PRESIDENTIAL CANDIDATE.

100 economists, including 5 Nobel Prize winners, say Obama's plans for the economy are whack ... would do very little to grow the economy. And his proposal to finance the package with higher taxes

45 minutes ago in Grasscity.com Forums - Marijuana Growing and Smoking Community · Authority: 141
6. No one has claimed this blog
Short-Selling is Haram
http://www.distillingfinance.com/ 2008/ 10/ 9/ ShortSelling-is-Haram

With short-selling set to come back into the markets today, there are lots of worried people out ... to Islam. 'In Islamic Finance, we deny the conventional way of thinking, which aims of creating a new ... not unjustly, and ye shall not be dealt unjustly'.

1 hour ago in Financial Blogs — distillingfinance · Authority: 73
7. No one has claimed this blog
Who owns the Federal Reserve?
http://aotearoaawiderperspective.wordpress.com/ 2008/ 10/ 09/ who-owns-the-feder…

"Some people think that the Federal Reserve Banks are United States Government institutions ... more unprecedented, when it bought the world's largest insurance company. The Fed announced ...

1 hour ago in Aotearoa: a wider perspective · Authority: 39
8. No one has claimed this blog
Tips For Choosing A Mortgage Lender Posted By : Brian Jenkins
http://www.my-mortgage.org/ 2008/ 10/ 08/ tips-for-choosing-a-mortgage-lender-po…

Tips For Choosing A Mortgage Lender Posted By : Brian Jenkins When it comes time to apply for a ... , Outbound Telemarketing, Financial Leads, Market Research, Debt Leads, Insurance Leads, Payday and Cash Advance Leads and finally Auto Finance Leads.

1 hour ago in My-Mortgage.org · Authority: 51
9. No one has claimed this blog
Why the Wall Street bail out plan is bad-6: The credit ratings agencies scandal
http://wp02.miomia.net/ wp02/ 2008/ 23467.html

[#3: Edit Options>MightyAdsense>Adsense Code] In voting down the bailout proposal 228-205 yesterday, the House of Representatives struck a small blow for democracy. They refused to be steamrolled by Wall Street and its agents in Congress and the administration.

2 hours ago in Mortgage Information · Authority: 106
10. No one has claimed this blog
Why the Wall Street bail out plan is bad-4
http://wp02.miomia.net/ wp02/ 2008/ 23465.html

A large number of economists were quick to express their dislike of the Paulson plan and have been vociferous in urging Congress to not be stampeded by the administration but to use this opportunity to put back into place some of the regulations that were dismantled over the last three decades.

2 hours ago in Mortgage Information · Authority: 106
11. Photo of DandelionSalad
The Iraq war hits Wall Street + The financial crisis at the local level
http://dandelionsalad.wordpress.com/ 2008/ 10/ 08/ the-iraq-war-hits-wall-street…

Dandelion Salad TheRealNews More at http://therealnews.com/c.php? ... for a hybrid of increased taxation and deficit spending to finance this, adding finally that a real ...

2 hours ago by DandelionSalad in Dandelion Salad · Authority: 334

1. 1
2. 2
3. 3
4. 4
5. 5
6. 6
7. 7
8. next »

Rising and falling
Technorati data powered by Truviso

1. audio
2. children
3. computer
4. david
5. driving
6. education
7. enjoying
8. film
9. green
10. honestly
11. internet
12. kids
13. limited
14. new york
15. perfect
16. photos
17. play
18. sale
19. song
20. sports
21. technology
22. traffic
23. tv
24. we\u2019ve
25. worth

About / rising and falling

Find posts and stories that have something in common using this weighted list of phrases, where popularity is represented by size. Learn more...

Ads by Google

* Managing Your FinancesProven financial advice. Biblical keys to money success. Order free.www.gnmagazine.org/finances/?s=2
* AccountingFind Solutions for your Business. Accounting, Info. & Registration!www.KnowledgeStorm.com

Mentions by Day

Posts mentioning FINANCE INSURANCE per day for the past 30 days.
Chart of results for FINANCE INSURANCE
Click here to find out more!

*
Music »
Mufin music recommendations: Half-baked or just right?

Online music recommendation engines are nothing new. Pandora is one of the most high profile, but services that do other things such …
*
Politics »
Busted!!... UT Student David Kernell- Son

Busted! David Kernell, the son of liberal …
*
Today in photos »
Today in Photos
*
Family »
Jamie Lynn NOT Pregnant

Jamie Lynn NOT Pregnant Posted Oct 8th 2008 …

* © Technorati, Inc.
* Technorati Japan
* Ping Us
* CC License
* Terms of Service
* About Us
* Contact Us
* Advertise

Member Sign In
(Not yet a member?)
Member name
Password forgot your password?
Close

REACTIONS TO STORY FROM GREGORY HAS BEEN A BIG BROTHER TO YEAR OLD FERNANDINA BEACH HIGH SCHOOL JUNIOR GREGORY WATERS FOR ALMOST FIVE YEARS

2008-10-13T16:33:00.001-07:00

Snap Shots Options [Make this Shot larger] [Close]
Options
Disable
Get Free Shots

Close
Snap Shares for charity
Blogosphere

Extra, Extra! Read all about it!
Check out our entire
State of the Blogosphere 2008
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Reactions to story from Gregory has been a Big Brother to year old Fernandina Beach High School junior Gregory Waters for almost five years.
By Fred Goodall AP Sports Writer By his own Sarai perez Tampa Bay
http://greenwithmake.freeblogsite.com/ by-fred-goodall-ap-sports-writer-by-his-ow...

By Fred Goodall AP Sports Writer By his own Sarai perez Tampa Bay by rickj More than injured as Qantas jet hits Monster of adrianna. Alcoa CEO Credit Crisis Starting To Hurt Construction Market. Video American Shares Nobel Prize in Physics. One day after having to bow out of competing on the seventh season of Dancing With the Stars, Misty May Treanor had surgery Tuesday morning to repair a torn Achilles tendon. Insurance Exchange Is a Good Idea. You Don't Have to Be Rich to cheap drugs. I was very pleased by the way we played. Thank you for the abuse report. Fennville, Bloomingdale The Blackhawks beat the Cardinals,, and.

NOTE: CREDIT REPAIR IS A MUST DURING HARD TIMES.

2 hours ago
Tagged:

* Sarai perez,
* sarai-perez

Gregory has been a Big Brother to year old Fernandina Beach High School junior Gregory Waters for almost five years.
http://greenwithmake.freeblogsite.com
thumbnail view larger thumbnail

* Rank: 38,272
* Authority: 138
* Favorite it

ShareThis
More rising blog posts

*
Business »
Kill the Paper, Save the News
*
Lifestyle »
GO-Tech Meeting in Ann Arbor
*
Politics »
Cindy McCain goes after Obama
*
Technology »
Chicago Planetarium's $3M "Overhead Projector"
*
Entertainment »
Carrie Milbank Lays on a Rock and Wonders What Happened to Deadspin Today [Duan!]
*
Sports »
CCU's Golfers Are Just Like Their Football Team

More rising news stories

*
Business »
U.K. Stocks Fall Despite Bold Bailout Move
*
Lifestyle »
Yes, Dow's Record Was Year Ago Today
*
Politics »
NOAA, Court Focus On Marine Mammals
*
Technology »
Storm Is Latest of iPhone Rivals
*
Entertainment »
TNT to Televise Landmark Outdoor NBA Preseason Game
*
Sports »
Canucks demote Pettinger, Krog, Cowan

Advertise on Technorati
Recent posts from Gregory has been a Big Brother to year old Fernandina Beach High School junior Gregory Waters for almost five years.

*
Heroes Season Episode Full Part Sarai alamgir.
2 hours ago
*
IndyMac seized as Sarai lady troubles spread.
8 hours ago
*
More results from Mary Lance a staff Gascn sarai orgia for the campus
8 hours ago

View all »
Click here to find out more!

Advertise on Technorati

*
Travel »
Augmented Reality? The Tuttuki Bako box needs your finger to play with virtual characters

Who needs Augmented Reality Cybermaid Alice? Bandai Japan plans to release a palm-size cube in the middle of next month that lets …
*
Autos »
Spy Shots: Ford Super-Duty's new 6.7L

Filed under: Spy Photos, Trucks/Pickups, …
*
Today in photos »
Today in Photos
*
Technology »
'Brick' MacBook Pro leaked in up-close

Filed under: Laptops Since we heard those …

* © Technorati, Inc.
* Technorati Japan
* Ping Us
* CC License
* Terms of Service
* About Us
* Contact Us
* Advertise

Member Sign In
(Not yet a member?)
Member name
Password forgot your password?
Close

BRAZIL, ARGENTINA ABANDON U.S. DOLLAR

2008-10-12T16:25:00.001-07:00

Snap Shots Options [Make this Shot larger] [Close]
Options
Disable
Get Free Shots

Close
Snap Shares for charity
election

Obama, Biden, McCain, and Palin are burning up the Blogosphere. Read about them in Election 2008!
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Reactions to story from Aotearoa: a wider perspective
Brazil, Argentina abandon US dollar
http://aotearoaawiderperspective.wordpress.com/ 2008/ 10/ 09/ brazil-argentina-aband...

Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange. The two Latin American nations started the Payment System on Local Currency (SML) on Monday following a last month agreement inked by their presidents to use local currencies in a bid to end transaction in dollars. On Thursday, Argentine Central Bank President Martin Redrado and his Brazilian counterpart Henrique de Campos Meirelles signed the enforcement of the agreement for the SML, under which exports and imports between the two countries will take place with the Brazilian real (BRL) and the Argentine peso (ARS).

NOTE: BRAZIL AND ARGENTINA ARE LATIN AMERICAN NATIONS.

12 minutes ago
Tagged:

* Dollar collapse,
* dollar-collapse,
* economic-meltdown,
* Economic meltdown,
* Uncategorized

Aotearoa: a wider perspective
http://aotearoaawiderperspective.wordpress.com
thumbnail view larger thumbnail

* Rank: 180,998
* Authority: 39
* Favorite it

ShareThis
More rising blog posts

*
Business »
Kill the Paper, Save the News
*
Lifestyle »
GO-Tech Meeting in Ann Arbor
*
Politics »
Cindy McCain goes after Obama
*
Technology »
Chicago Planetarium's $3M "Overhead Projector"
*
Entertainment »
Carrie Milbank Lays on a Rock and Wonders What Happened to Deadspin Today [Duan!]
*
Sports »
CCU's Golfers Are Just Like Their Football Team

More rising news stories

*
Business »
U.K. Stocks Fall Despite Bold Bailout Move
*
Lifestyle »
Yes, Dow's Record Was Year Ago Today
*
Politics »
NOAA, Court Focus On Marine Mammals
*
Technology »
Storm Is Latest of iPhone Rivals
*
Entertainment »
TNT to Televise Landmark Outdoor NBA Preseason Game
*
Sports »
Canucks demote Pettinger, Krog, Cowan

Advertise on Technorati
Recent posts from Aotearoa: a wider perspective

*
Russian Poll: 84% Say Truth About 9/11 Being Deliberately Hidden
9 minutes ago
*
Russian stock exchanges shut down until Friday as prices plummet
59 minutes ago
*
Who owns the Federal Reserve?
1 hour ago

View all »
Click here to find out more!

Advertise on Technorati

*
Football »
With trade deadline approaching, Gruden for one doesn't expect much action

One of the shortcomings of the NFL from a fan-excitement perspective, is the lack of trade activity midseason. Unlike baseball, whose …
*
Wine »
Jim Noir

I discovered Jim Noir while I was perusing …
*
Today in photos »
Today in Photos
*
Windows Servers »
The IMF's Outlook

From Chapter 1 of the IMF World Economic …

* © Technorati, Inc.
* Technorati Japan
* Ping Us
* CC License
* Terms of Service
* About Us
* Contact Us
* Advertise

Member Sign In
(Not yet a member?)
Member name
Password forgot your password?
Close

COCA COLA BEARISH ENGULFING PUT OPTIONS OPPORTUNITY

2008-10-11T16:01:00.001-07:00

Snap Shots Options [Make this Shot larger] [Close]
Options
Disable
Get Free Shots

Close
Snap Shares for charity
Blogosphere

Extra, Extra! Read all about it!
Check out our entire
State of the Blogosphere 2008
Technorati

* Join
* Sign in
* Help

advanced

* Front Page
* Business
Business →
o Main
o Advertising
o Finance
o Small Business
Up
* Entertainment
Entertainment →
o Main
o Celebrity
o Film
o Gaming
o Indie Film
o Music
o TV
Up
* Lifestyle
Lifestyle →
o Main
o Autos
o Family
o Green
o Travel
Up
* Politics
Politics →
o Main
o Election 2008
Up
* Sports
Sports →
o Main
o Baseball
o Football
o Olympics
Up
* Technology
Technology →
o Main
o Gadgets
o IT
Up

* Blogs
* Photos
* Videos

* Blogger Central
Blogger Central →
o Main
o Blogosphere 2008
o Top 100 blogs
o Popular
o Ping
o Widgets
o Watchlists
o Weblog
o Developers
Up

Reactions to story from Option Trading tips | Technical Analysis, System Trading & Psychology | Street Smart Options Trading
Coca Cola Bearish Engulfing Put Options Opportunity
http://streetsmartoptions.com/ coca-cola-bearish-engulfing-put-options-opportunit...

On Friday, October 3 2008, as the Dow Jones erased all 300 point advance it recorded just as the House vote got underway shortly after the midpoint of the trading session moments following the vote in the House of Representatives to pass the credit market bailout. Coca Cola (KO) was spotted a bearish engulfing candlestick formation after Friday's close. The long tail characteristic of the candlestick couple with strong resistance at 55 levels, further strengthen the possible bearish reversal. With most of the analysts still recommending a strong buy; it leaves plenty of room for a downgrade.

NOTE: COCA COLA IS A WELL RESPECTED COMPANY IN THE BEVERAGE INDUSTRY.

12 minutes ago
Tagged:

* Case Study,
* Chart Patterns,
* Japanese Candlesticks,
* Options Trading,
* Reversal,
* Technical Analysis,
* Downgrade,
* Japanese Candlestick

Option Trading tips | Technical Analysis, System Trading & Psychology | Street Smart Options Trading
http://streetsmartoptions.com
thumbnail view larger thumbnail

* Rank: 459,080
* Authority: 15
* Favorite it

ShareThis
More rising blog posts

*
Business »
Kill the Paper, Save the News
*
Lifestyle »
GO-Tech Meeting in Ann Arbor
*
Politics »
Cindy McCain goes after Obama
*
Technology »
Chicago Planetarium's $3M "Overhead Projector"
*
Entertainment »
Carrie Milbank Lays on a Rock and Wonders What Happened to Deadspin Today [Duan!]
*
Sports »
CCU's Golfers Are Just Like Their Football Team

More rising news stories

*
Business »
U.K. Stocks Fall Despite Bold Bailout Move
*
Lifestyle »
Yes, Dow's Record Was Year Ago Today
*
Politics »
NOAA, Court Focus On Marine Mammals
*
Technology »
Storm Is Latest of iPhone Rivals
*
Entertainment »
TNT to Televise Landmark Outdoor NBA Preseason Game
*
Sports »
Canucks demote Pettinger, Krog, Cowan

Advertise on Technorati
Recent posts from Option Trading tips | Technical Analysis, System Trading & Psychology | Street Smart Options Trading

*
Global Panic Sparked The Dow's Record 800 Points Sell Off
2 days ago
*
Getting An Edge In Your Trading With Technical Analysis
3 days ago
*
Wall Street's Worst Week Despite Bailout
5 days ago

View all »
Click here to find out more!

Advertise on Technorati

*
Indie Film »
News Bites: Tom Thumb, Matarese, and Duchovny

Have you ever wondered where Tom Thumb came from? If so, you'll be happy with a recent post from The Hollywood Reporter. …
*
Gadgets »
Vodafone's BlackBerry Storm art department

Filed under: Cellphones We can't put our …
*
Today in photos »
Today in Photos
*
Entertainment »
Lunchtime Quiz: 60s Band or 70s Group?

Rock, pop, and R&B found its own in the …

* © Technorati, Inc.
* Technorati Japan
* Ping Us
* CC License
* Terms of Service
* About Us
* Contact Us
* Advertise

Member Sign In
(Not yet a member?)
Member name
Password forgot your password?
Close

DOW JONES DOWN, NASDAQ IN RED, GLOBAL LOSSES CONTINUE

2008-10-10T16:52:00.001-07:00

Bookmark & Share
Favorites Digg
Del.icio.us Google
MySpace Facebook
Reddit Newsvine
Live More ...
To:
From:
Note:

Read

Listen

Watch

Play

Find

Mail

Biggboss2
IBNLive.com: Breaking news from India

NETWORK18

*

Home
*

News
*

Nation
*

Business
*

Sports
*

Health
*

Showbiz
*

Lifestyle
*

World
*

Sci-Tech
*

Citizen Journalist
*

Indepth
*

Specials
*

Shows
*

Blogs
*

Videos
*

Photos
*

Travel
*

Auto
*

News Videos Blogs

What's Hot » Dumping time on Bigg Boss 2 | Save Bihar

Masand's Verdict» Drona | Kidnap
Newsletter
RSS
Podcast
You are here: IBNLive » Business

Font Size A+A-
Dow Jones down, NASDAQ in red, global losses continue

CNN-IBN

TimePublished on Thu, Oct 09, 2008 at 09:13 in Business section

TagsTags: US Economic Crisis, Sub-prime Loans , New Delhi
E-mail this report | Print this report

US, EU markets have been facing the heat of the global meltdown

US, EU markets have been facing the heat of the global meltdown

Featured Blog

Rajdeep Sardesai

Television, for politicians with a vision

Featured Slideshows

Related Headlines

powered by

* Bush defends AIG bailout, US markets climb
* US, EU markets tumble: Bailout to 'take a while'
* Weak dollar pulls down US, European markets

Keywords: Bailout, Ftse

New Delhi: The American and European markets are still taking a beating, though slashed interest rates did stem the damage a little.

As stock markets are traumatized by cascading losses and the collapse of some of the oldest names in banking, markets across the world took only mild comfort.

NOTE: AIG WAS RECENTLY REPORTED WHO HAD A MAJOR LOSS WHICH AFFECTED MANY.

Investors and the common man alike, want to know what more policy-makers can do and whether more cuts will follow from each country's central banks.

Even as the group of seven finance ministers and central bankers are meeting in Washington to stem the worst credit crisis since the Great Depression, markets have shown little recovery.

Dow Jones is still below 10,000, down by two per cent. It had lost 800 points on Tuesday, going below 10,000 for the first time in four years.

The Standard & Poor's 500 Index was down by 1.13 per cent, extending the worst weekly slump since 2001. This has come as a setback, right after the indices had touched a five year low..

The NASDAQ too ended in the red at just over 1,740 points. Wall Street's drop was part of a breakneck global sell-off that witnessed stocks plunging and led to trading being halted in Russia, Brazil and Peru.

European markets also saw a major selling spree. London's FTSE 100 was down 5.18 per cent, with banking and commodity stocks taking a battering.

CNN correspondent in New York, Carter Evans has been closely watching the movements in the market indices. He spoke about the co-coordinated effort of Central Banks cutting rates. Analysts have been hoping that this will bring the much needed relief or is the financial crisis which has now been spreading almost like a Tsunami.

"There is a huge amount of concern and people do not know what to expect. Lot of investor confidence is lost and a lot of people were happy that the stocks had gone up. Then just before the markets opened, they went down. Within 10 minutes they rallied again and went down again, showing how volatile the situation can be," said Evans.

Read Comment | Post Comment

Ads by Google
Stock Index Trading : Day trade Dow Jones, mini S&P 500zero commissions, 200:1 leverage www.gcitrading.com
Trader Makes $18 Billion : California trader makes $18 Billionin a single year! Find out How www.VirtualinvestingClub.com
5 Tips for a Flat Stomach : Stop making these 5 mistakes & youwill finally lose your belly fat! www.StomachFatIsUgly.net
Related links:
Ashok New Delhi | Lalu Prasad Yadav | Priyanka Gandhi | India Elections | DMK | Raj Barr Kumar | Justice Kan Singh Parihar | Kishore Singh V Rajpurohit

Read Comment | Post Comment
Copyright © IBNLive.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of IBNLive.com is prohibited.

Be the first to comment.

CricketNext.com131 years of cricket history : Find Here
Cricketnext Shop : For the cricket fan !

iPod Shuffle 1GB

You Pay: Rs. 2,700/-
Buy Now » Haversack Bag

You Pay: Rs. 225/-
Buy Now »
Philips MP3 Player

You Pay: Rs. 1,995/-
Buy Now » C.K One Summer

You Pay: Rs. 1,849/-
Buy Now »
Kodak Easyshare

You Pay: Rs. 6,990/-
Buy Now » Sony Ericsson P1i

You Pay: Rs. 15,599/-
Buy Now »

Username
Password
Forgot Password | Change Password | Resend Activation Mail

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us

© 2008 IBNLive.com India. All Rights Reserved. A Web18 Venture