finance

Iran to increase oil output in Persian Gulf by 100k bpd

April 16, 2012

(MENAFN) The National Iranian Offshore Oilfields Company’s managing director, Mahmoud Zirakchianzadeh, said that during the current calendar year, Iran would increase total oil output in Persian …

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Italy’s Maserati to boost output by 10 folds by 2015

April 16, 2012

(MENAFN) Italy’s Maserati, the luxury carmaker owned by Fiat, said that it would increase output by 10 folds until 2015, reported Gulf News. The company added that by 2015, it would sell 50,000 …

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Colombia-US free trade treaty effective next month

April 16, 2012

(MENAFN) Colombia’s President, Juan Manuel Santos, said that the free trade agreement between the country and the US would be effective on May 15, reported Xinhua News. Santos added that the new …

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NZ’s service sector expands to 54.4 in Q1

April 16, 2012

(MENAFN) Business New Zealand chief executive, Phil O’Reilly, said that during the first quarter, the country’s performance of services index (PSI) expanded to 54.4 on a scale where figures above 50 …

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EUR/JPY Classical Technical Report 04.16

April 16, 2012

EUR/JPY:The market is finally in the process of correcting following the latest surge to fresh 2012 highs just over 111.00. From here, we see risks for further weakness towards the 103.00 area, …

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USD/CAD Classical Technical Report 04.16

April 16, 2012

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual …

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NZD/USD Classical Technical Report 04.16

April 16, 2012

NZD/USD: The market has been locked in a sideways chop over the past several sessions to temporarily delay our bearish outlook. However, any rallies towards 0.8300 are viewed as a formidable …

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USD/JPY Classical Technical Report 04.16

April 16, 2012

USD/JPY:The market continues to correct from the recent 2012 highs established by 84.20 several days back and risks still exist for additional setbacks into the 79.00-80.00 area before considering …

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GBP/USD Classical Technical Report 04.16

April 16, 2012

GBP/USD: Failure to establish any fresh momentum on the recent break above 1.6000, followed by an aggressive bearish reversal now suggests that the market could finally be looking to carve a top …

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EUR/USD Classical Technical Report 04.16

April 16, 2012

EUR/USD: The latest round of setbacks have stalled ahead of some key multi-week support by 1.3000 and from here, we still can not rule out risks for additional consolidation above 1.3000 before …

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China’s steel sector incurs USD444.23m loss in Jan-Feb

April 16, 2012

(MENAFN) The China Iron & Steel Association (CISA) said that in the year’s first two months, the country’s steel output lost USD444.23 million, reported Reuters. The CISA attributed the decline …

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Scandi Rallies Should be Well Capped; Buy EUR/Scandi and USD/Scandi

April 16, 2012

Eur/Sek Setbacks have once again been very well supported ahead of the 8.75 level and the market looks to once again be attempting to carve a bottom in favor of renewed strength back towards the …

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Markets Await Heavy Data From the Wold’s Largest Economy

April 15, 2012

The U.S. economy is preparing to report the month’s mostly-awaited data this week, starting with manufacturing to housing releases and of course Canada economy will steal the spot with its rate …

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Best Buy to close 50 US stores

April 15, 2012

(MENAFN) Best Buy said that it would close 50 stores in 2012 in order to cut costs, reported AP. The firm added that seven of these stores are located in California, 6 in Illinois and another 6 …

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World trade grows 5% in 2011: WTO

April 15, 2012

(MENAFN) The World Trade Organization’s (WTO) chief, Pascal Lamy, said that in 2011, world trade grew by only 5 percent from 2010′s 13.8 percent, reported Tehran Times. Lamy added that the …

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The top events in Asia this week

April 15, 2012

Asian markets are waiting for many important data during the upcoming week, where Australia will release the RBA meeting minutes and industrial production reading for February, besides Tertiary …

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Inflation in focus, eyes to track any changes in the highest unemployment rate in U.K.

April 15, 2012

With the start of another week, eyes will be tracking the huge load of fundamentals and events expected this week, where during our session the focus will be on inflation data from the euro-area …

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Iran’s faux pas or clever calculus?

April 15, 2012

(MENAFN – Arab News) How did the Iranian government prepare for the Istanbul Conference convened Saturday to discuss its nuclear program? How did it demonstrate its good will toward neighbors and …

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Global oil market tightness is easing

April 15, 2012

(MENAFN – Arab News) Oil prices are in three digits – for some time now. Yet despite the spike, the supply side of the global equation is not being blamed as ‘markets are well supplied.’ The tide …

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Aussie Vulnerable after Chinese GDP ? RBA Minutes Paramount

April 14, 2012

Fundamental Forecast for Australian Dollar: Bearish Australian Dollar Rockets Up on News of Excellent Employment Report Aussie Leads after Labor Data while Yen and Dollar Struggle Aussie …

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US Earnings Next Week Could Benefit Risk-Based Currencies

April 14, 2012

US Earnings Releases (April 16-20, 2012) Date Company Symbol Time (EDT) Earnings Est 4/16/2012 Citigroup …

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Euro Sticks to Range, but Losses Likely on Spain and Italy Troubles

April 14, 2012

Fundamental Forecast for the Euro: Bearish Euro crisis fears subside and boost EURUSD, but not for long Greek deficit report nonetheless reminds traders all is not well Key Euro/US Dollar …

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Forex Trading Weekly Forecast – 04.16.2012

April 14, 2012

US Dollar Ready to Break Impasse, Eyes on Earnings and Rates Euro Sticks to Range, but Losses Likely on Spain and Italy Troubles Japanese Yen Strength to Fizzle Amid Growth Fears, BoJ …

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Forex Trading Weekly Forecast – 04.16.2012

April 14, 2012

US Dollar Ready to Break Impasse, Eyes on Earnings and Rates Euro Sticks to Range, but Losses Likely on Spain and Italy Troubles Japanese Yen Strength to Fizzle Amid Growth Fears, BoJ …

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US Dollar Ready to Break Impasse, Eyes on Earnings and Rates

April 14, 2012

Fundamental Forecast for the US Dollar: Bullish Dollar fails to rally on a critical post-NFP tumble for the S&P 500 A weak 1Q Chinese GDP reading revives the Greenback’s reserve …

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US battle to revive manufacturing

April 14, 2012

(MENAFN – Khaleej Times) In his January 2012 State of the Union address, US President Barack Obama mentioned the word “manufacturing” eight times. In what was effectively the kickoff of his 2012 …

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Murder of African Americans

April 14, 2012

(MENAFN – Arab News) At least three African-Americans were killed and two others injured in separate shootings in the US state of Oklahoma recently. A few days earlier, Trayvon Martin, 17-year-old …

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Weak China GDP growth no signal for fresh stimulus

April 14, 2012

(MENAFN – Arab News) Speculation that China’s weakest quarter of annual economic growth since the global financial crisis will trigger a flood of policy support to fight the downturn misses a …

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VoxPop Worldwide, Inc. Announces Change of Management Control

April 13, 2012

OCALA, FL–(Marketwire – Apr 13, 2012) – VoxPop Worldwide , Inc. ( PINKSHEETS : VOXI ), a leader in music aggregation and digital distribution, announces several significant changes to the corporate management team including the resignations of Phil Quartararo, L. Joshua Eikov, Jim O’Mahony and Lawrence Solomon as the Company’s Board of Directors and officers. The Company also announces the election of Charles Lance, as the Chief Executive Officer and Director as well as Matthew Nicoletti as President and Director.

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WVC Board Announces Four New Directors at 2012 Conference

April 13, 2012

First International Director Hails From Ontario, Canada

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U.S. Stocks Plunge; S&P Logs Worst Weekly Slide In 2012

April 13, 2012

U.S. stocks settled lower at the close on Friday, after logging the best two-day rally this year and joining global equities amid downbeat economic reports from the 17-nation euro area  to the …

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US inflation slows spending

April 13, 2012

(MENAFN) US Labor Department said that consumer prices increased 0.3 percent last month, a smaller increase than a month earlier and in line with economists’ expectations. However, inflation …

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UK’s rating set at AAA: S&P

April 13, 2012

(MENAFN) Standard & Poor’s stated that the United Kingdom’s economic outlook as stable at an AAA rating, reported AP. The agency said it anticipated Britain would see “relatively modest real GDP …

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North Korea’s rocket failure and China’s disappointing GDP brought gains in Asia

April 13, 2012

After the rocket launched by North Korea exploded minutes after liftoff disintegrating and falling into the ocean, relief was felt in South Korea and Japan, while China’s disappointing 8.1% …

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Google’s 1Q Earnings Beat Forecasts

April 13, 2012

Google, Inc. (NASDAQ:GOOG) reported its first-quarter results for the year 2012 indicating an incline in net income by 61% reaching $10.08 per share, beating market expectations of $9.64 a share, …

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China’s Q1 retail sales grow 14.8%

April 13, 2012

(MENAFN) China’s National Bureau of Statistics (NBS) said that the country’s retail sales in the first quarter rose 14.8 percent from a year earlier to USD770.6 billion, reported Xinhua News. The …

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Dollar leads Asian session

April 13, 2012

The Dollar rebounded again during Asian session to control trades at the end of this week’s trades, while Japanese economy performs a modification in monetary policy in order to control …

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Comerica Bank Senior Vice President Cathy Schlumbrecht Named Board Chair of Natividad Medical Foundation

April 12, 2012

SALINAS, CA–(Marketwire – Apr 12, 2012) – Natividad Medical Foundation, the fundraising arm of Natividad Medical Center, Monterey County’s safety net hospital, has named Comerica Bank Senior Vice President of Business Banking Cathy Schlumbrecht as chair of the Foundation’s Board of Directors.

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Here’s How to Reduce the Risk of Having a "False Entr

April 12, 2012

Oftentimes a currency pair will give us a valid signal to enter a trade, we take the entry, and a few minutes or hours later we find that things are not working out according to our trading plan. …

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Noel Group Announces Changes to Executive Leadership

April 12, 2012

New CFO, COO and President Poised to Take the Company to the Next Level

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Iran stops oil sales to Greece

April 12, 2012

(MENAFN) Iran’s Oil Minister, Rostam Qasemi, said that Tehran halted crude shipments to Greece due to the Western sanctions imposed on the country’s oil industry, reported Tehran Times. Qasemi …

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European futures rise on U.S. reports

April 12, 2012

European futures signaled a higher start on Thursday as the U.S Federal Reserve bank released the beige book yesterday evening. Fed’s beige book says that the U.S. economy continues to expand at a …

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EUR/NOK Approaching Test of 200-Day SMA; Above 7.65 Accelerates

April 12, 2012

Eur/Sek Setbacks have once again been very well supported ahead of the 8.75 level and the market looks to once again be attempting to carve a bottom in favor of renewed strength back towards the …

Read the full article →

EUR/JPY Classical Technical Report 04.12

April 12, 2012

EUR/JPY: The market is finally in the process of correcting following the latest surge to fresh 2012 highs just over 111.00. From here, we see risks for further weakness towards the 103.00 area, …

Read the full article →

AUD/USD Classical Technical Report 04.12

April 12, 2012

AUD/USD: Our bearish outlook in this market is being reaffirmed with the latest pullback and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower …

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NZD/USD Classical Technical Report 04.12

April 12, 2012

NZD/USD: The market has been locked in a sideways chop over the past several sessions to temporarily delay our bearish outlook. However, any rallies towards 0.8300 are viewed as a formidable …

Read the full article →

GBP/USD Classical Technical Report 04.12

April 12, 2012

GBP/USD: Failure to establish any fresh momentum on the recent break above 1.6000, followed by an aggressive bearish reversal now suggests that the market could finally be looking to carve a top …

Read the full article →

USD/CHF Classical Technical Report 04.12

April 12, 2012

USD/CHF: Our core constructive outlook remains well intact with the latest setbacks very well supported by psychological barriers at 0.9000. It now looks as though the market could be looking to …

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USD/JPY Classical Technical Report 04.12

April 12, 2012

USD/JPY:The market continues to correct from the recent 2012 highs established by 84.20 several days back and risks still exist for additional setbacks into the 79.00-80.00 area before considering …

Read the full article →

Sony to slash 6% of global workforce

April 12, 2012

(MENAFN) Sony’s CEO and President, Kazuo Hirai, said that the firm would cut 6 percent of its global workforce, reported AP. Hirai added that the move to slash 10,000 jobs would enable the …

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