Global News

Unemployment restricting recovery - OECD

May 29 2013 @ 06:07
Global recovery is uneven but gradual. The global economy is moving forward, but divergence between countries and regions reflects the uneven progress made toward recovery from the economic crisis, according to the OECD’s latest Economic Outlook. Historically high unemployment remains the most serious challenge facing governments. World real gross domestic product (GDP) is projected to […]

Weekly Currency Roundup - Federal Reserve Testimony makes big impact

May 24 2013 @ 06:59
Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]

Japanese Tsunami is heading this way

May 23 2013 @ 03:52
I am up early for Brazil and as I look out at the financial markets I see a tidal wave of markets crashing, all heading towards me.. ….and there is nothing I can do, but wait till it hits Brazil and BOVESPA when it opens later today..! As I write, Nikkei -7.3%, DAX  -2.5%, CAC […]

FTSE and Dow: Silver Lining or Eye of the Storm?

May 21 2013 @ 08:38
Do you remember what you were doing 13 years ago?  Probably still breathing a sigh of relief that the Y2K computer software issue didn’t really exist.  And, hey, things were looking good.  The key stock indicators looked great.  It was the start of a whole new millennium.  What could possibly go wrong? Well, a lot […]

BP & Shell May Have to Refine Crude Reporting Methods

May 20 2013 @ 09:21
Is it possible that BP (LSE:BP.) could be in deep water again?  Given the company’s activities over the past several years, including those minor headaches in the Gulf of Mexico and with their joint ventures with Russian oligarchs, it seems almost inevitable.  This time BP has reportedly been in cahoots with Royal Dutch Shell (LSE:RDSA) […]

Weekly Currency Roundup - GBPUSD approached lowest level in 6 weeks

May 17 2013 @ 04:49
Pound Sterling – On Monday the Pound was little changed as economists awaited the release of data which was expected to show that the number of people in the UK claiming unemployment benefits fell for a sixth consecutive month in April adding to hopes that the nation’s economy is making a recovery. On Tuesday it […]

Google Operations Are Unfathomable

May 16 2013 @ 09:48
High in the foothills of the Great Smoky Mountains, in the quiet community of Lenoir, North Carolina sits a sprawling facility shrouded in mystery.  Lenoir used to be home to the most well-known scions of furniture manufacturing in the United States, but those factories and jobs have all been moved to China.  The most notable […]

Japan maintains A+ rating

May 16 2013 @ 07:07
Ratings agency Fitch keeps country on Negative Outlook Fitch Ratings has affirmed Japan’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘A+’ with a Negative Outlook. In a statement the agency said that the affirmation of Japan’s sovereign ratings “in part reflects the greater commitment of the Bank of Japan and government to […]

Mobile Streams Proves appitalism® Works

May 14 2013 @ 09:04
Mobile content provider Mobile Streams (LSE:MOS) continues to turn in stellar performance as demand for its apps, games, music, videos and eBooks increases around the globe.  The company that operates through the cleverly named storefront appitalism® has watched it share price rise from the 4.0 range, where it hovered for several years until September 2010, […]

Lonmin Update - "This Too Shall Change"

May 14 2013 @ 07:52
Just one day after announcing a 300% increase in pre-tax profits and optimism that 2013 will be a better year operationally, Lonmin’s share price (LSE:LMI) took a hit when the company announced yet another labor-related problem at its Marikana mine.  Employees showed up for work, but refused to enter the shafts. Marikana had to suspend […]
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