Asian markets slip Wall St. losses, profit-taking

Published : 1:23 am  September 19, 2012  |  Category: International  |  Leave a Comment  |  222 views  |  
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HONG KONG (AFP): Asian markets mostly fell on Tuesday following losses on Wall Street and as profit-takers moved in after last week’s huge gains sparked by the US Federal Reserve stimulus plan. Anti-Japan protests across China also weighed on shares in both countries, with three of Japan’s biggest car makers saying they had closed their factories or cut production in China as a result. Tokyo closed 0.39 per cent, or 35.62 points, lower at 9,123.77 and Sydney fell 0.18 per cent, or 7.8 points, to 4,394.7 while Seoul edged up 0.13 per cent, or 2.61 points, to close at 2,004.96.  Read More →

UK inflation dip in Aug. leaves room for more Central Bank boost

Published : 1:22 am  September 19, 2012  |  Category: International  |  Leave a Comment  |  219 views  |  
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Reuters: British inflation ticked down in August despite a rise in oil and fuel costs, providing the Bank of England with more leeway to inject additional cash into the fragile economy. The Office for National Statistics said on Tuesday that consumer price inflation slowed to 2.5 per cent last month from 2.6 per cent in July, in line with economists’ forecasts.  Read More →

Brent crude dips under $ 114, focus shifts to China

Published : 1:21 am  September 19, 2012  |  Category: International  |  Leave a Comment  |  270 views  |  
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SINGAPORE (Reuters): Brent crude slipped under $114 a barrel on Tuesday, adding to steep losses in the previous session, as investors weighed the impact of the Federal Reserve’s open ended stimulus push on oil demand and eyed China’s next step to boost its economy. Brent crude fell more than $5 a barrel late on Monday in a wave of late, high-volume selling that many traders said appeared to have stemmed from an automated computer trading program.  The US Commodity Futures Trading Commission said it was looking into the incident and checking with exchange operators CME Group and Intercontinental Exchange.  Read More →

Brent crude up for eighth day near $ 117; economic risks may cap rise

Published : 12:49 am  September 18, 2012  |  Category: International  |  1 Comment  |  222 views  |  
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SINGAPORE (Reuters): Brent crude rose for the eighth consecutive session on Monday to just below $117 a barrel, though prices stayed under a four-month peak hit on Friday on worries that high oil prices could hamper efforts to boost a struggling world economy.  Read More →

India Central Bank leaves interest rates unchanged, cuts CRR

Published : 12:47 am  September 18, 2012  |  Category: International  |  Leave a Comment  |  276 views  |  
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MUMBAI (Reuters): India’s Central Bank on Monday left interest rates unchanged but cut the cash reserve ratio for banks, saying the primary focus of monetary policy remains fighting inflation, days after the government unveiled a spree of reforms to boost growth and improve its fiscal position.  Read More →

A comedown may be waiting after Fed high

Published : 12:36 am  September 17, 2012  |  Category: International  |  Leave a Comment  |  246 views  |  
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NEW YORK (Reuters): Comparing the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favorite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each bout of euphoria is followed by a crashing comedown. After the frenetic reaction brought about by the announcement of the Fed’s latest stimulus program – $40 billion pumped into the U.S. economy each month – the coming week is likely to bring a more sober period for markets as investors digest what it means in the longer run and turn their attention to the remainder of the year.  Read More →

US renews waivers of Iran sanctions for Japan, EU nations

Published : 12:34 am  September 17, 2012  |  Category: International  |  Leave a Comment  |  226 views  |  
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Reuters: The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday. The renewal means banks in the 11 countries have been given a second 180 day reprieve from the threat of being cut off from the U.S. financial system under the sanctions designed to choke funding to Iran’s nuclear program. The West suspects Iran is trying to develop nuclear weapons. Tehran insists the program is for civilian purposes. The sanctions law President Barack Obama signed in 2011 requires a review every six months of the waivers, which were given to all of... 

MasterCard and the United Nations World Food Program in partnership to deliver “digital food”

Published : 12:33 am  September 17, 2012  |  Category: International  |  Leave a Comment  |  293 views  |  
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A world beyond cash builds a world beyond hunger MasterCard and the World Food Program (WFP) last week announced a global partnership that will use digital innovation to help people around the world to break the cycle of hunger and poverty.  The game-changing partnership will combine MasterCard’s expertise in electronic payments systems with WFP’s global reach among the world’s hungriest populations to meet the nutritional needs of the most vulnerable. “Our partnership with MasterCard is a great example of how transformative private sector partnerships innovate against hunger,” said Nancy Roman, WFP Director of Communications, Public Policy and Private Partnerships.  Read More →

Brent crude rises towards $118 on Fed stimulus

Published : 12:00 am  September 15, 2012  |  Category: International  |  Leave a Comment  |  211 views  |  
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Reuters: Brent crude rose for the seventh straight session on Friday, climbing towards $118 a barrel on hopes for stronger global demand for oil after the US Federal Reserve launched an aggressive program to stimulate the economy.  Read More →

Fed launches QE3, bets big to rescue US economy

Published : 12:00 am  September 15, 2012  |  Category: International  |  Leave a Comment  |  231 views  |  

Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market.  Read More →

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