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 have much FX impact.
Saab finds a buyer; flows look minimal
Source: www.forexlive.com
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China relaxes rules to ease overseas investment
China’s foreign exchange regulator says it will change some rules to make it easier for Chinese companies to invest...
Daily Dividend Report: DMND, AMTD, UNM, CBT, OHI
Diamond Foods Incorporated (DMND) maintained its quarterly dividend of 4.5 cents per share. The dividend will be payable on February 2, 2012,...
June 15, 2009
Hello all, More profit taking on our open orders expected this week. We also have a few new trades coming as the pullback has begun. Too soon to know if it is too soon to enter or now, we can only follow what works - our trading plan. 4 Hour: Current Drop In Criteria: EUR/USD buy EUR/JPY...
Lockhart unsure whether supports more Fed bond buys
Atlanta’s Lockhart says he’s unsure whether to support further buying of Treasuries by the Fed. He’s concerned that housing demand will be hurt by rising rates. One factor will be sentiment on debt monetization, something he opposes. Given how well buying Treasuries worked in...
Oh no! Another Canadian election?
I doubt it. Canadian voters have been to the polls more than the Italians in recent years and have very little appetite for a return trip. Nonetheless, the Liberals are threathening to bring down the Tories unless they relent to demands for amended jobless benefits. Just one more layer of risk,...