The Wall Street Journal reported that the troubled Quiznos sandwich chain reached a debt-restructuring deal with lenders that will hand ownership of...
Quiznos Slices Up Its Debt in Restructuring
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Chinese President in Russia for BRIC meeting
President Hu Jintao is in Russia for meetings with Brazil, India and Russia. We can expect to see and hear more of the same confirmation that the USD is still the accepted global reserve currency but that some diversification is needed in coming...
New Zealand leave rates unchanged
The NBNZ left rates unchanged earlier this morning amid signs that the severe recession is easing in the land of the long white...
Strauss-Kahn sees autumn as turning point for global economy
IMF managing director Strauss-Kahn says that the turning point for the global economy will come in September/October of this year. An early-2010 recovery is the most likely scenario, he says. Banks must rid themselves of toxic assets, he says. Failure to do so could endanger the recovery. Update:...
Cable cracks 1.6000 as Dollar rally continues
It took a couple of goes but Cable managed to break 1.6000 almost at the same time that Eur/Usd pierced through 1.4000. Some selling from a Swiss name has been seen, but the Dollar has certainly had a great payroll Friday. More stops are seen below...
GBP/USD Makes a Solid Push Back Above 1.60
By Fast Brokers - The Cable has propelled from our 3rd tier uptrend line to make a solid run past the psychological...