Forex News, Economic News, Financial News, FX News

April retail sales hint at slower spending pace

Henry Liu — Tue, 15 May 2012 20:49:25 +0000

WASHINGTON (Reuters) - Sales at retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.

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Greece calls new elections after talks collapse

Henry Liu — Tue, 15 May 2012 17:39:07 +0000

ATHENS (Reuters) - Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that may hand victory to leftists who might cut the nation's financial lifeline, pushing it closer to bankruptcy and out of the euro zone.

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Economic Report: Home-builder sentiment at best since recession

Henry Liu — Tue, 15 May 2012 16:43:48 +0000

Home builder sentiment improved in May to the highest reading since the recession on an upturn in sales and traffic, a trade group said Tuesday.

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MarketWatch First Take: Inflation decelerating, but Fed won’t pull trigger

Henry Liu — Tue, 15 May 2012 14:52:22 +0000

Inflationary pressures are fading, just as Federal Reserve officials expected. But don’t think that the decline in the inflation rate will automatically lead to further quantitative easing by the Fed.

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EU avoids recession as German economy grows

Henry Liu — Tue, 15 May 2012 11:00:07 +0000

The euro-zone economy steadies in the three months to March as Germany posts a strong rebound in economic growth.

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Oil prices hit five-month low

Henry Liu — Mon, 14 May 2012 16:58:35 +0000

Oil prices fell more than $2 a barrel Monday, hitting a five-month low as worries over Greece and JPMorgan's big loss spooked traders.

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Moody’s Warns on Spanish Banks

Henry Liu — Mon, 14 May 2012 16:16:33 +0000

Spanish banks will remain vulnerable to rising loan delinquencies even after they set aside $38.75 billion in newly announced real-estate loss provisions, Moody's Investors Service warned.

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MarketWatch First Take: Drew exit won’t fix J.P. Morgan’s risk problem

Henry Liu — Mon, 14 May 2012 15:17:40 +0000

J.P. Morgan’s Jamie Dimon has ousted Ina Drew. Everything is fine now. There’s nothing to look at. Move along.

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Fears of Greece EU exit rattle markets

Henry Liu — Mon, 14 May 2012 13:00:16 +0000

The chance of an 11th-hour deal for a Greek coalition looks increasingly remote, rattling financial markets across the euro zone.

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China’s central bank eases

Henry Liu — Sat, 12 May 2012 16:20:19 +0000

China's central bank took further action Saturday to stimulate its economy.

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Inflation-wary Bank of England to halt money-printing press

Henry Liu — Wed, 09 May 2012 23:05:19 +0000

LONDON (Reuters) - The Bank of England looks set to call a halt to its asset-buying program on Thursday, despite the economy having slipped into recession and renewed risks rising from the euro zone debt crisis, as UK inflation remains stubbornly high.

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Oil keeps sliding: Down 10% in 6 days

Henry Liu — Wed, 09 May 2012 23:02:31 +0000

Oil prices extended their slide Wednesday, shedding an additional 1.3% amid renewed concerns about Europe and the global economy.

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Spain takes over Bankia to fight crisis

Henry Liu — Wed, 09 May 2012 21:44:23 +0000

MADRID (Reuters) - Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up the financial sector four years after the banks were hit by a property market crash.

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EFSF bailout fund approves Greek emergency payment

Henry Liu — Wed, 09 May 2012 19:25:20 +0000

BRUSSELS (Reuters) - Euro zone governments kept Greece afloat on Wednesday after agreeing a payment of 5.2 billion euros from the region's bailout fund, despite opposition from some member states following the Greek election results.

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Spanish bond yields cross 6% again

Henry Liu — Wed, 09 May 2012 18:46:03 +0000

Borrowing costs rose in Spain Wednesday, with the 10-year yield crossing the 6% mark for the first time in two weeks amid rising concerns about the banking sector.

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