Global News

Weekly currency roundup – Syria dominated the markets

Aug 30 2013 @ 05:24
Pound Sterling The Pound spent most of the week softer against its peers as concerns over possible military action against Syria was the main driving force behind the markets. Tuesday’s session saw the Pound fall against the Euro following the release of positive data out of the Eurozone and as tensions over Syria saw investors […]

Let's Have a Good News Friday

Aug 23 2013 @ 08:51
I can still remember when “Casual Friday” became all the rage.  (You youngsters thought there was always a “Casual Friday,” didn’t you?)  I know of one company where the “Casual Friday” expanded to five working days, so they instituted a “Tie Tuesday.”  I got to thinking this morning that today might be an ideal day […]

Weekly currency roundup – Federal Reserve minutes batter riskier assets

Aug 23 2013 @ 06:45
Pound Sterling The Pound spent most of the week higher against its major peers and on Monday it continued to ride higher against the US Dollar and Euro thanks to last week’s positive economic data releases. House price data released in the afternoon showed that prices had fallen for the first time in six-months in […]

The Fed Makes the Forex Flutter

Aug 22 2013 @ 08:56
What is it about the U.S. Federal Reserve Bank that makes the Forex system flutter like a young girls eyelashes when a good looking young man passes by?  I’m no Forex expert (thank you for reading anyway), but this monthly encounter between the world and Ben Bernanke is a lot like young love.  It has […]

Kodak is Ready to Take Another Shot

Aug 21 2013 @ 11:08
I moved to Rochester, New York, in 1970.  The city’s population at that time was just over 296,000 according to the U.S. census.  Sixty-five thousand people, nearly 22% of the entire population of the city worked for Eastman Kodak, the world’s leading manufacturer of cameras and film.  My next door neighbor worked for Kodak.  In […]

Glencore Xstrata Posts $8.9 Billion Loss

Aug 20 2013 @ 09:03
Glencore Xstrata (LSE:GLEN) share price tumbled this morning after the mining behemoth reported a first half loss of $8.9 billion.  The share price had dropped 1.49% and 4.20 pence by 1:00 pm, falling from 301.95 to 297.45.  This is a far cry from last year when pre-Xstrata-acquisition Glencore reported a $2.3 billion profit.  In fact, […]

RBS May Not Meet Sell-Off Deadline

Aug 19 2013 @ 08:53
The share price of the Royal Bank of Scotland (LSE:RBS) had dropped from 343.6 to 339.3 as of 13:20 today.  The consensus on the street is that the decline has come as the result of an statement by W&G Investments (LSE:WGI). The statement was in reference to the government-mandated divestiture of 315 under-performing RBS branches. […]

GKP Takeover Rumors Are Just That

Aug 16 2013 @ 10:23
Some rumors just won’t die.  Or as a former CEO friend of mine used to say, “The best way to handle rumors is to ignore them.”  But ignoring them in the financial news reporting business is probably an exception to the rule.  In the stock market it’s the rumors and speculation that make things exciting. […]

Similarities, Gold, Risk & Reward - Accendo Markets Weekly Roundup - 16 Aug 2013

Aug 16 2013 @ 10:11
Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; Another FTSE 100 correction week, this time taking us lower than the last to retest summer lows, but also much quicker than last time. Was that it, and is the only way is back up towards summer highs? Or […]

Hi Ho the Derry-o, Headaches for Michael Dell

Aug 16 2013 @ 08:56
You know it’s going to be an interesting day when you push the start button on your Dell (NASDAQ:DELL) tower, wait for your Dell monitor to come alive, you begin typing on your Dell keyboard and use your Dell mouse to direct your browser to the financial headlines that practically scream in your face that “Dell […]
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