Euro Marks 4th Losing Day Against Dollar
The euro slipped to $1.4283 at 8:06 a.m. in New York, from $1.4384 yesterday, and traded as low as $...
Bank of Canada Maintains 0.25% Overnight Target Rate
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 p...
Sweden Calls for Bank Tax
Suggesting that forcing banks in the EU to "pay for the actual cost it incurs on society" would "leg...
PIIGS at Bay
The market is back to full strength after yesterday’s hiatus. Will the dollar once ...
IMF Warns of Global Recession “Double Dip”
The International Monetary Fund (IMF) issued a warning that the possibility of a another recession -...
Trichet remains on the offense
Martin Luther King Day in the US will make the market feel like ‘sleepy hollowâââ€...
JPMorgan Records $3.3 Billion 4th Quarter Profit
JPMorgan released its year-end results showing that the investment firm earned a profit of $3.28 bil...
US Inflation Registers Slight Increase
The US Labor Department said today that the Consumer Price Index (CPI) rose only 0.1 percent in Dece...
PIIGS hurt EUR
Are we missing the big picture? How come markets seem to be trading as if the global risks to econom...
CFTC Wants to Reduce Energy Speculation
The Commodity Futures Trading Commission (CFTC) announced a plan that would see limits placed on tho...
Obama Proposes Financial Crisis Responsibility Fee
The cat is out of the bag on the worst-kept secret on Wall Street as US President Barack Obama annou...
US Retail Sales Fall 3% in December
Despite predictions of a 0.5 percent increase in retail sales for December, actual results indicate ...
New US Jobless Claims More than Estimated
The US Labor Department announced today that a total of 444,000 new jobless claims were made last we...
Property Prices in China Continue to Rise
Property prices in China rose at an annual rate of 7.8 percent in December compared to 5.7 percent i...
US Bank Tax Details Expected Today
President Barack Obama will reveal details later today for a new tax to be charged to banks that rec...