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Foreign Exchange News

  • The S&P/Case-Schiller Price Indices inch down Tuesday, August 31, 2010 @ 8:43AMFXstreet.com (Barcelona) - The value in residential real estate slowed in pace throughout the 20 regions assessed by Standard & Poor's indeces. The actual figure turned out at 4.2%, staying on top of forecast of 3.6% but giving up ground from the previous 4.6%.
  • Lundin Reports 2010 Reserve & Resource Estimate Tuesday, August 31, 2010 @ 8:39AMTORONTO, ONTARIO--(Marketwire - Aug. 31, 2010) - Lundin Mining Corporation ("Lundin" or the "Company") (TSX:LUN)(OMX:LUMI) today reported its mineral reserve and resource estimates as at June 30, 2010, six months after the last release as at December 31, 2009. As advised when releasing the December estimates, Lundin has changed the timing of its mineral reserve and resource estimate to align the ...
  • Hypercom Strengthens Global Sales Tuesday, August 31, 2010 @ 8:36AMSCOTTSDALE, Ariz.--(BUSINESS WIRE)--Hypercom Strengthens Global Sales; Appoints Heidi Goff SVP Global Stategic Alliances; David S. Cronin, Managing Director, North America; Clint Jones, Acting Managing Director, Latin America
  • Lundin Reports 2010 Reserve & Resource Estimate Tuesday, August 31, 2010 @ 8:30AMTORONTO, ONTARIO-- - Lundin Mining Corporation today reported its mineral reserve and resource estimates as at June 30, 2010, six months after the last release as at December 31, 2009.
  • Lundin Reports 2010 Reserve & Resource Estimate Tuesday, August 31, 2010 @ 8:30AMTORONTO, ONTARIO--(Marketwire - 08/31/10) - Lundin Mining Corporation ("Lundin" or the "Company") (TSX: LUN - News )(OMX: LUMI) today reported its mineral reserve and resource estimates as at June 30, 2010, six months after the last release as at December 31, 2009. As advised when releasing the December estimates, Lundin has changed the timing of its mineral reserve and resource estimate to ...
  • Hypercom Strengthens Global Sales Tuesday, August 31, 2010 @ 8:27AMSCOTTSDALE, Ariz.----Hypercom Corporation today announced that it is strengthening its sales leadership in The Americas to increase market share and develop new verticals in the US and Canada, aligning resources to enable double-digit growth in Latin America and enhancing support for global clients.
  • 'Whoever attacks Iran will regret it' Tuesday, August 31, 2010 @ 8:25AMThe Iranian foreign minister says any country which attacks Iran will regret it, adding Iran is set to safeguard its inalienable rights.
  • China Linen Textile Industry, Ltd. Announces $17.6 million in Revenue and $0.20 in EPS for the First Half of 2010 Tuesday, August 31, 2010 @ 8:20AMChina Linen Textile Industry, Ltd. , a China-based company engaged in the production and sale of linen yarn and various types of linen fabric, today announced its first and second quarter 2010 financial results.
  • For Members Thursday, August 26, 2010 @ 6:07PM"There is a current in history and it runs toward freedom. Our enemies resent it and dismiss it, but the dreams of mankind are defined by liberty...."
  • This is a Executive Memorandum On Asia Thursday, August 26, 2010 @ 6:07PMWhy North Korea Should Sign a Peace Treaty with the U.N., Not theU.S. Published on May 17, 2001 by Larry Wortzel, Ph.D. Executive Memorandum #748
  • U.S. Foreign Assistance After September 11: Major Changes, Competing Purposes, and Different Standards-But Is There an ... Thursday, August 26, 2010 @ 6:06PMExperience has demonstrated that development assistance (i.e., government-to-government assistance intended to catalyze development in poor nations) is not a key factor in increasing economic growth in underdeveloped countries.
  • Heritage Expert Thursday, August 26, 2010 @ 6:06PMMarc Miles, Ph.D. All Publications by Marc Miles, Ph.D. One year ago, the chorus of the consensus told America that the dollar's exchange rate was due to fall in 2005. Under relentless assault from cheap Chinese imports and facing a record trade deficit, the dollar had nowhere to go but down.
  • Iowa Mennonite Cross Country preview Thursday, August 26, 2010 @ 6:03PMThe IMS boys Cross Country team are defending Class 1A Champions. They’re ranked second in the state in the pre-season polls (www.iatfcc.org), but coach Marty Gingerich said he’s not sure how good the team will be.
  • BCCI to file criminal case on Lalit Modi Thursday, August 26, 2010 @ 5:54PMBCCI to file criminal case on Lalit ModiBCCI to file criminal case on Lalit Modi
  • Sims Metal Management Announces Fiscal 2010 Results Thursday, August 26, 2010 @ 5:50PMCHICAGO & SYDNEY--(BUSINESS WIRE)--Sims Metal Management (ASX: SGM) (NYSE: SMS) today announced revenue of $7.5 billion and a net profit after tax, on a statutory basis, of $126.7 million, representing 64 cents per diluted share, for the year ended 30 June 2010. Net profit after tax in fiscal 2010, on an underlying basis, was $146.7 million. See the Reconciliation of Statutory Results to ...
  • Citi appoints Perret-Green to new FX role Thursday, August 26, 2010 @ 5:48PMPatrick Perret-Green moves from Citi's London office to lead the bank's FX strategy effort in Singapore.
  • Sims Metal Management Announces Fiscal 2010 Results Thursday, August 26, 2010 @ 5:43PMSims Metal Management (ASX: SGM) (NYSE: SMS) today announced revenue of $7.5 billion and a net profit after tax, on a statutory basis, of $126.7 million, representing 64 cents per diluted share, for the year ended 30 June 2010. Net profit after tax in fiscal 2010, on an underlying basis, was $146.7 million.
  • Forex: EUR/JPY settles around 107.30 Thursday, August 26, 2010 @ 5:43PMFXstreet.com (Córdoba) - After falling aggressively this week to a 9-year low at 105.41 Tuesday, EUR/JPY staged a bounce during the last 2 days and this Thursday, the pair went as high as 107.99 during the European session before the correction was halted.
  • Lance worried about American economy Tuesday, August 24, 2010 @ 1:40PMRep. Leonard Lance, R-7, is back in session early this week, hoping to pass a bill on appropriations.
  • RBI cautions banks on clients' foreign currency exposure Tuesday, August 24, 2010 @ 1:39PMThe Reserve Bank of India (RBI) has asked commercial banks to carefully assess risks of unhedged foreign currency exposure of their corporate clients.
  • Consul General of Pakistan to Ring the NASDAQ Stock Market Closing Bell Tuesday, August 24, 2010 @ 1:39PMADVISORY -- What:
  • Travelex gold quotes at close: C$1,288 bid, C$1,304 ask; silver C$19.48 bid Tuesday, August 24, 2010 @ 1:38PMTORONTO - Gold was quoted at C$1,304 bid (US$1,231) and C$1,305 asked (US$1,232) at the close of trading Tuesday Travelex Canada Ltd., a major
  • Burger King sees weak demand, unemployment weighs Tuesday, August 24, 2010 @ 1:31PMBurger King Holdings Inc , the No. 2 U.S. hamburger chain, forecast weak demand for its new fiscal year amid a struggling economy and said it was unsure how costs for key ingredients like beef would impact the company.
  • Mercer International Inc. to Present at Midwest Ideas Investor Conference Tuesday, August 24, 2010 @ 1:30PMNEW YORK -- Mercer International Inc. today announced that Chairman and CEO Jimmy S.H. Lee and Executive Vice President and CFO David Gandossi will be presenting at the following conference:
  • HOME PAGE Tuesday, August 24, 2010 @ 1:29PMElectronic payments on the rise: RBI report The use of electronic means, as opposed to using paper, for making payments has gone up sharply in the last three years, according to the latest annual report of the Reserve Bank ...
  • AWB recommends Agrium takover bid Tuesday, August 24, 2010 @ 6:32AMAWB Ltd., Australia’s largest wheat exporter and No. 2 rural services supplier, recommended a A$1.2 billion ($1.1 billion) bid from Canada's Agrium Inc., withdrawing its support for an all-stock proposal from GrainCorp Ltd
  • Lawn dinosaurs turn heads in Lakeview Tuesday, August 24, 2010 @ 6:31AMLAKEVIEW — Instead of shrubbery, Rick Kluk has dinosaurs.
  • Kenya: Strong Yen Raises Cost of Country's Debt to Japan Tuesday, August 24, 2010 @ 6:30AMThe government stands to incur foreign exchange losses running into billions of shillings on Japanese debts due to a steady appreciation of the yen in the last three years.
  • ForexLive European Wrap: Yen rules supreme Tuesday, August 24, 2010 @ 6:28AMJapanese FinMin: Recent currency moves clearly one-sided Japan PM Kan: Sudden currency moves are not welcome Tokyo Stock Exchange CEO: Japan should show its ready to intervene on yen UK confidence takes an austerity knock - The Telegraph MPC member Dr Weale: "Foolish" to rule out possibility of double-dip downturn.
  • Forex: CAD/JPY plummets to 79.40, fresh 13-month low Tuesday, August 24, 2010 @ 6:28AMFXstreet.com (Barcelona) - The Loonie got hammered against a vigorous Japanese Yen on Tuesday, after the pair surpassed 80.00 support in yesterday's US session and extended its downside projection breaking another hurdle at 79.91, November 11 low, to post a fresh 13-month low at 79.40.
  • AIK Banka, Serbian Lender, May Tap Foreign Markets With Bond or Loan Issue Tuesday, August 24, 2010 @ 6:28AMAIK Banka AD, Serbia’s second-most profitable lender in the first half of 2010, may hold off on plans to tap foreign markets with a five-year bond or loan issue until the cost of borrowing becomes “reasonable.”
  • ANSYS Ranked on FORTUNE 100 Fastest-Growing Companies List for Second Consecutive Year Tuesday, August 24, 2010 @ 6:25AMPITTSBURGH----ANSYS has been ranked number 39 on the 2010 FORTUNE 100 Fastest-Growing Companies list. The ranking includes ANSYS as the sole provider of product development software, a recognition that underscores the strategic value of engineering simulation as well as the ANSYS leadership position in this growing and critical market.
  • BMO Financial Group Reports Solid Results for its Third Quarter, Earning $669 Million of Net Income Tuesday, August 24, 2010 @ 6:23AMTORONTO, ONTARIO--(Marketwire - 08/24/10) - BMO Financial Group (TSX: BMO - News )(NYSE: BMO - News ) and BMO Bank of Montreal - Third Quarter 2010 Report to Shareholders ---------------------------------------------------------------------------- BMO Financial Group Reports Solid Results for its Third Quarter, Earning $669 Million of Net Income P&C Canada Continues to Deliver Strong Performance ...
  • Cayman Concludes Banking Pact With US, Tuesday, August 24, 2010 @ 6:22AMThe Cayman Islands Monetary Authority (CIMA) has announced that it has formalized procedures with the four main United States banking regulators for the exchange of supervisory information relating to banks and banking institutions that operate in both territories.
  • Medtronic Reports First Quarter Earnings Tuesday, August 24, 2010 @ 6:22AMMINNEAPOLIS--(BUSINESS WIRE)--Medtronic, Inc. (NYSE:MDT) today announced financial results for its first quarter of fiscal year 2011, which ended July 30, 2010. The company reported worldwide first quarter revenue of $3.773 billion, compared to the $3.933 billion reported in the first quarter of fiscal year 2010, a decrease of 4 percent as reported or an increase of 2 percent after adjusting for ...
  • Cellestis profits up, tips more growth Monday, August 23, 2010 @ 6:16PMCellestis has posted a small rise in full year net profit and says it expects strong growth in 2010/11.
  • Judge Sets Bail for Apple Manager Devine, `Uneasy' About Foreign Accounts Monday, August 23, 2010 @ 6:14PMPaul Devine , the Apple Inc. manager jailed on charges that he took kickbacks in exchange for company secrets, won’t be released until he posts a bond of $600,000 and signs over funds in his foreign accounts, a judge ruled.
  • Israel faces difficult choice on settlement freeze Monday, August 23, 2010 @ 6:14PMJERUSALEM (AP) — Even before peace talks with the Palestinians begin, Israel's government is fiercely debating a key concession: whether to extend a slowdown of West Bank settlement construction. ...
  • HSBC in talks on SA bank deal Monday, August 23, 2010 @ 6:07PMHSBC is in talks with financial group Old Mutual to buy a 70 per cent stake in Nedbank, South Africa's fourth-largest bank, in a deal worth as much as $6.8 billion.
  • First-day enrollment figures announced Monday, August 23, 2010 @ 5:53PMThe unofficial first-day count for the Grand Island Public Schools edged just past 9,000, with a preliminary tally of 9,001 students.
  • S.Sudan economy in foreign exchange crisis-finmin Monday, August 23, 2010 @ 7:33AMSource: Reuters * Foreign exchange reserves drying up * Imports, investor confidence eroded By Jeremy Clarke JUBA, Sudan, Aug 23 (Reuters) - South Sudan said on Monday that the central government had stopped ...
  • Japan PM, central bank chief discuss yen Monday, August 23, 2010 @ 7:30AMTOKYO (AFP) - Prime Minister Naoto Kan and Bank of Japan governor Masaaki Shirakawa spoke by phone Monday to discuss the economic impact of a strong yen, officials said, but did not discuss possible intervention.
  • Dynasty Completes First Shipment of Gold from Ecuador to Canadian Refinery Monday, August 23, 2010 @ 7:30AMVANCOUVER, BRITISH COLUMBIA-- - Dynasty Metals & Mining Inc. is pleased to announce that it has delivered its first shipment of gold dore, containing approximately 2,400 troy ounces of fine gold, with an approximate value of US$3 million, produced from its Zaruma Gold Project in Ecuador to a refinery in Canada.
  • Digital Realty Trust Completes the Acquisition of Two Fully Leased Datacenters Monday, August 23, 2010 @ 7:30AMDigital Realty Trust, Inc. , the world's largest wholesale datacenter provider, announced today that it completed the acquisition of two fully leased datacenter properties for a purchase price of $50.3 million. Â
  • Hungary Leaves Main Interest Rate Unchanged for Fourth Consecutive Month Monday, August 23, 2010 @ 7:23AMHungary kept the benchmark interest rate unchanged today for a fourth month as the currency remains vulnerable to a sell-off in case market sentiment sours following the collapse of talks with creditors.
  • Mitsui & Co. Fin. As. UK Regulatory Announcement: Annual Financial Report Monday, August 23, 2010 @ 7:22AMSINGAPORE--(BUSINESS WIRE)--Mitsui & Co Financial Services (Asia) Ltd
  • FForeign investors sell net HUF 357bn worth Hungarian securities in Q2 Monday, August 23, 2010 @ 7:18AMForeign investors were net sellers of HUF 357bn (EUR 1.3bn) of Hungarian securities in the second quarter, about half of their net purchases in the first quarter, as the Greek debt crisis and uncertainties about the economic policies of Hungary's new government weighed, the National Bank of Hungary's (NBH) quarterly report on securities ownership structure published on Monday shows.
  • Ingen Technologies, Inc. Products Fill Key Void for Medical Distributor Monday, August 23, 2010 @ 7:15AMYUCAIPA, Calif. -- Ingen Technologies, Inc. , an emerging medical device manufacturer developing innovative proprietary solutions for the $8 billion respiratory market, today announced that its products have filled a key void for Mountainside Medical Equipment , a veteran-owned worldwide distributor of medical supplies based in Upstate New York.
  • ForexLive European Wrap: Slow Monday. Aussie sees most change Monday, August 23, 2010 @ 7:13AMAustralia's Gillard: Stable and effective government continues Japan senior govt official: PM Kan wants to work with ruling party on economy. Ruling party panel to compile economy steps proposal by Aug 26 Japan DPJ official: Not optimistic about yen rise, job conditions.
  • Timothy Winter: Britain's most influential Muslim – and it was all down to a peach Thursday, August 19, 2010 @ 6:07PMIt was the sight of peach juice dripping from the chin of a teenage French female nudist that led a Cambridgeshire public schoolboy to convert to Islam. Thirty-five years later, Timothy Winter – or Sheikh Abdul-Hakim Murad, as he is known to his colleagues – has been named one of the world's most influential Muslims.