The GBPUSD has been contained on the topside over the last 2 to 2 1/2 months of trading. Yesterday a play was made to extend higher but failed. Today, the move has pushed above the 1.5778 level after consolidating in a narrow range for ...DailyMarkets.com
Forex Trading: GBPUSD Consolidates, Then Surges To Highest ...
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Saab finds a buyer; flows look minimal
Saab, the GM-owned Swedish car-maker, looks like it has finally found a home. A group led by a Swedish car-maker I’ve never heard of Koenigsegg will acquire the brand, according to CNBC. It looks like they will assume gobs of debt, though very little cash will change hands. It is unlikely to...
Forex Market Update: US Dollar Mixed, British Pound Continues to ...
The USD briefly extended Friday's gains in Asian trading against some currencies, successfully sending EUR/USD to 1.3928 and Kiwi to lows of 0.6240 and ... See all stories on this...
BRICs flexing muscles
Reuters reports that Brazilian President Lula wants the BRIC countries to forge a common front on reforming multinational groups like the UN and IMF. Lula also announced a $10 bln contribution to the IMF. If the BRICs are willing to fund these and other programs, then by all means they should have...
Bernanke and Paulson to testify before House
Darrell Issa from the House oversight and government reform committee is on the Reuters newswire saying that Fed chairman Bernanke and ex-treasury secretary Paulson will be subpoenaed if necessary to testify before the House on Bank of America’s acquisition of Merrill...
Facebook May Double European HQ
Facebook could be seeking to double its presence in Europe according to a recent report from Bloomberg. The online social networking giant may...