On Wednesday, the Office for National Statistics (ONS) revealed that the UK economy contracted by 0.2 percent for the final quarter of 2011....
Recession Fears Could Delay UK Deficit Reduction Plans
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Massive Greenback Reversal in the Works - Will it Hold?
The currency market is focusing on U.S. short-term Interest Rates as talk of a rate increase by the Federal Reserve has emerged. Dealers said that market participants will focus on a slew of Treasuries auctions this week. If longer-term Treasury yields rise on supply worries, this could weigh on...
Quiznos Slices Up Its Debt in Restructuring
The Wall Street Journal reported that the troubled Quiznos sandwich chain reached a debt-restructuring deal with lenders that will hand ownership...
The dollar reserve currency conundrum
With India purchasing of 200 tonnes of gold from the IMF for US$ 6.7 billion last week — a far cry from the 67 tonnes of gold that India had to humiliatingly pledge in 1991 to stave off an imminent forex crisis — the debate on the need to diversify the forex reserves of the surplus countries...
Real money active on latest dollar slide
Dealers note strong buying of cable from the 1.6550 level all the way up through 1.6600 and the pound remains underpinned.The demand seemed to come under duress, traders say. This means the buyer really wanted them cheaper but was forced to pay up to cover his exposure, just like us mere...
NYSE Euronext, Deutsche Boerse End Business Deal
NYSE Euronext (NYSE:NYX) and Deutsche Boerse announced today that they were ending their yearlong merger push, in the light of the decision by...