DailyMarkets.com - Forex – USD/JPY Up On Economic Data
DailyMarkets.com - Forex – USD/JPY Up On Economic Data |
- Forex – USD/JPY Up On Economic Data
- Japan’s GDP Falls More-than-expected
- GDX BREAKOUT! Time To Cast Worry To The Wind?
- Nationwide Consumer Confidence Falls Unexpectedly
- Forex – EUR/USD Up In Asian Trade
- Chinese Order For GE
- Forex – NZD/USD Down In Asian Trade
- Suntech To Churn Out More Panels
- PPL Fully Finances UK Buy
- The Day Ahead: Earnings – Gap, GameStop, Sears; US Weekly Jobless Claims, Existing Home Sales, Philadelphia Fed Survey, Leading Indicators
- Hot Option Plays: Crude Run Response To Canadian Wildfires
- Stock Market Summary For Wednesday, May 18, 2011
- Earnings Preview: Wet Seal
- GM To Open Maryland Facility
- Watson Launches Authorized Generic
- Zimmer’s New Tool For Defective Knee
- Financial Market Breakdown With Todd M. Schoenberger
- Australian Nod For Biogen’s Fampyra
- CME Introduces Forex Clearing
- Fidelity Selected By Woolworths
- 4 Trade Setups To Watch
- Two Shopping Trends
- Vornado Restructures With SL Green
- MarkWest Upgraded To Outperform
- Duke Energy At Nuclear Crossroads
- Boston Scientific Targets Asthma
- Closing Bell Market Monitor: DELL, DE, ADI
- Forex – EUR/USD Up At The End Of U.S. Session
- Berkley Hikes Annual Dividend
- TIPS Breakeven Spread Falls To Three-Month Low
- Forex – USD/JPY Up Toward The End Of U.S. Session
- Neutral On Affymetrix
- KB Home Gets New Senior VP
- 5 Chemical Firms To Consider
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.65%
- Diamond Hits $1.8B Deal
- Vodafone Reports Below Par
- Caterpillar Issues New Note
- Forex – GBP/USD Down During The U.S. Session
- Celera Finally With Quest
- Priority Review For Pfizer Drug
- Rating Action On Montpelier
- FOMC Minutes – Fed Starts Talking Exit Strategy Process, But Not Yet Timing
- Gold And Silver Flattening Out Corrections
- Jury Affirms Ventas Appeal Over HCP
- VirtualScopics Reports 1Q Loss
- Forex – USD/CAD Up In U.S. Trade
- 05/18 FX Options Report
- 5/18 FX Options Report
- Forex – EUR/USD Down In U.S. Trading Hours
- Global Growth At Risk Say Chanos And ECRI
- Chart Of The Week: Emerging Europe’s Middle Class
| Forex – USD/JPY Up On Economic Data Posted: 18 May 2011 05:05 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of Japanese data on GDP.<br/><br/> USD/JPY was trading at 81.79, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 80.64, Monday’s low, and resistance at 81.81, Wednesday’s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Japan’s GDP Falls More-than-expected Posted: 18 May 2011 05:00 PM PDT Forex Pros – Japanese gross domestic product fell more-than-expected in the last quarter, preliminary official data showed on Wednesday.<br/><br/>In a report, Cabinet Office said that Japan’s GDP fell to a seasonally adjusted -0.9%, from -0.3% in the preceding quarter.<br/><br/>Analysts had expected Japan’s GDP to fall -0.5% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GDX BREAKOUT! Time To Cast Worry To The Wind? Posted: 18 May 2011 04:57 PM PDT Well, today it finally happened. After peaking some 5 or 6 weeks ago, Market Vectors Gold Miners ETF (GDX) finally gave us a nice looking BUY signal. This daily chart details the True Strength Index (TSI) indicator’s BUY signal. The TSI (7,4) gave us a trend line break signal and the slower TSI (25,13) below appears ready to provide confirmation with a moving average crossover. Click on any chart to ENLARGE I have also identified the very similar TSI BUY signals that we got this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Nationwide Consumer Confidence Falls Unexpectedly Posted: 18 May 2011 04:55 PM PDT Forex Pros – The U.K.'s Nationwide consumer confidence index fell unexpectedly last month, industry data showed on Wednesday.<br/><br/>In a report, Nationwide said that Nationwide consumer confidence fell to a seasonally adjusted 43, from 44 in the preceding month.<br/><br/>Analysts had expected Nationwide consumer confidence to rise to 48 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Up In Asian Trade Posted: 18 May 2011 04:15 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4260, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday’s low, and resistance at 1.4339, Friday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8823 and EUR/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 04:02 PM PDT GE Oil and Gas Compression Technology, a subsidiary of General Electric Company (NYSE:GE), has been selected to facilitate one of China's most significant energy infrastructure projects. In two contracts worth $100 million, the company will supply six gas turbine-driven compressor trains and nine electric motor–driven compressors to PetroChina for the Eastern portion of the second West-to-East Pipeline.
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| Forex – NZD/USD Down In Asian Trade Posted: 18 May 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.7890, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, Monday’s low, and resistance at 0.7966, Friday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.01% to hit 1.3469 and EUR/NZD rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Suntech To Churn Out More Panels Posted: 18 May 2011 03:32 PM PDT Suntech Power Holdings Company Ltd. (NYSE:STP) engaged a third production shift at its new solar panel manufacturing facility in Goodyear, Arizona. The expansion adds 30 more solar jobs to Arizona’s fast-growing solar economy. Suntech Power increased churn-out of panels is in line with the growing demand for its panels in U.S.
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| Posted: 18 May 2011 03:32 PM PDT PPL Corporation (NYSE:PPL) said it has completed the permanent financing for the acquisition of the former Central Networks electricity distribution companies in the United Kingdom. The said acquisition was completed on April 03, 2011 and was financed through a syndicated bridge facility and a combination of common stock, equity units and debt.
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| Posted: 18 May 2011 03:20 PM PDT 05/18/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hot Option Plays: Crude Run Response To Canadian Wildfires Posted: 18 May 2011 03:18 PM PDT Cusick’s Corner
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| Stock Market Summary For Wednesday, May 18, 2011 Posted: 18 May 2011 03:14 PM PDT After reversing heavy losses in yesterday’s session stocks spent most of today in positive territory as the DJIA, S&P 500, and Nasdaq Composite each gained at least 0.7% led by materials and energy shares. For now the major indexes are finding support at their respective 50-day moving averages. Most sectors performed well today with only the utility sector declining indicating both the risk and defensive trade was on today. Market breadth was positive today and the Semiconductor Index (the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 03:12 PM PDT Wet Seal Inc. (NASDAQ:WTSLA) is scheduled to announce its first quarter 2011 results on May 19, 2011. Currently, the Zacks Consensus Estimate is 8 cents per share and the sales estimate is $155 million.
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| Posted: 18 May 2011 03:02 PM PDT General Motors Co. (NYSE:GM) will invest $269 million to open an electric motor plant in White Marsh, Maryland that will manufacture 40,000 rear wheel drive motors (use both gasoline and battery power) for cars and trucks annually. The plant would create 200 jobs.
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| Watson Launches Authorized Generic Posted: 18 May 2011 03:02 PM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced the US launch of an authorized generic version of Cephalon Inc.'s (NASDAQ:CEPH) Amrix (15 mg and 30 mg). The drug is currently marketed to help control muscle spasm associated with acute, painful musculoskeletal conditions.
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| Zimmer’s New Tool For Defective Knee Posted: 18 May 2011 03:02 PM PDT Recently, leading orthopedic medical device maker Zimmer Holdings (NYSE:ZMH) launched a complete set of Trabecular Metal material augment shapes and cones to be used in knee revision surgeries.
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| Financial Market Breakdown With Todd M. Schoenberger Posted: 18 May 2011 10:00 AM PDT 05/18/11 Todd M. Schoenberger, Managing Director of LandColt Trading, Inc., gives us his expert opinion on recent headlines including the US economic recovery, the FOMC minutes, commodities, and the euro-zone just to name a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Australian Nod For Biogen’s Fampyra Posted: 18 May 2011 02:32 PM PDT Biogen Idec (NASDAQ:BIIB) announced that Fampyra (fampridine) recently gained approval from the Australian Therapeutic Goods Administration (TGA) for the symptomatic improvement of walking ability in adult multiple sclerosis (MS) patients who have shown improvement after eight weeks of treatment.
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| Posted: 18 May 2011 02:27 PM PDT On Monday, leading US futures exchange operator, CME Group Inc. (NASDAQ:CME) announced the launch of a new clearing platform for its over-the-counter (OTC) foreign exchange (forex) transactions through CME ClearPort.
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| Fidelity Selected By Woolworths Posted: 18 May 2011 02:27 PM PDT A leading provider of banking and payments technology, Fidelity National Information Services Inc. (NYSE:FIS) was recently selected by Woolworths Ltd. to provide prepaid card processing services including card acquisition and transaction processing.
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| Posted: 18 May 2011 02:21 PM PDT ( click to enlarge ) Dell Inc. (NASDAQ:DELL) – Much hated stock getting some love. Breaking out on strong volume with all main moving averages below acting as support. Presumption is that the breakout will continue. Fresh buying may be considered on a close above $16.96. ( click to enlarge ) General Motors Company (NYSE:GM) produced a good bounce from the $30.75 level today. If the bounce continues tomorrow look for new long positions in the $32 zone. The MACD on the daily chart is nearing a new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 02:10 PM PDT 1. With $4 Gas, More Folks Skip the Trip: Wal-Mart and Lowe’s Say Rise in Pump Prices Gives Some Consumers Pause About Shopping—and Sales Receipts Suffer. 2. Almost Half Of All Online Orders Now Include Free Shipping. MP: With “free” shipping become increasingly common, why spend gas money to drive to a “brick-and-mortar” … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Vornado Restructures With SL Green Posted: 18 May 2011 02:02 PM PDT Vornado Realty Trust (NYSE:VNO) and SL Green Realty Corp. (NYSE:SLG) merged their mezzanine debt positions with equity partners Broadway Partners and Investcorp to form a new ownership structure for 280 Park Avenue, a class A office property in Manhattan along with a funding of $150.0 million to reposition the property and find new tenants for the same.
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| MarkWest Upgraded To Outperform Posted: 18 May 2011 02:02 PM PDT We have upgraded pipeline operator MarkWest Energy Partners L.P. (NYSE:MWE) to Outperform from Neutral, reflecting its promising prospects.
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| Duke Energy At Nuclear Crossroads Posted: 18 May 2011 02:02 PM PDT Duke Energy Corporation's (NYSE:DUK) ambitious plan to build a nuclear plant in Cherokee County, South Carolina is now at the crossroads. South Carolina Public Service Commission after hearing testimony from the public over the matter adjourned the hearing to review a proposed settlement among the company, regulators and several other parties in the case.
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| Boston Scientific Targets Asthma Posted: 18 May 2011 02:02 PM PDT Leading medical devices player Boston Scientific Corporation (NYSE:BSX) presented long-term safety data from the Research in Severe Asthma (RISA) trial.
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| Closing Bell Market Monitor: DELL, DE, ADI Posted: 18 May 2011 02:00 PM PDT 05/18/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 18 May 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4242, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday’s low, and resistance at 1.4339, Friday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.59% to hit 0.8812 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 01:42 PM PDT Yesterday, property and casualty insurer W R Berkley (NYSE:WRB) declared a 14% increase in annual dividend to 32 cents. The dividend will be paid on July 1, 2011 to stockholders of record at the close of business on June 14, 2011.
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| TIPS Breakeven Spread Falls To Three-Month Low Posted: 18 May 2011 01:42 PM PDT The “breakeven rate” – the difference between 10-year nominal Treasury yields and 10-year Treasury Inflation Protected Securities (TIPS) yields – is one market-based measure of expected future inflation. As of yesterday the breakeven rate was 2.30%, down 30 basis points from the recent peak of 2.65% on April 11, and the lowest level in three months (since February 17). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 18 May 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 81.70, up 0.35% at time of writing.<br/><br/> The pair was likely to find support at 80.35, Friday’s low, and resistance at 81.78, Tuesday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.4236 and GBP/USD falling 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 01:32 PM PDT We maintain our Neutral rating on genetic products maker Affymetrix (NASDAQ:AFFX). The California-based company posted a modest profit of $39,000 (or break-even earnings) in first-quarter fiscal 2011 as a decline in sales was offset by lower costs. The results matched the Zacks Consensus Estimate.
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| Posted: 18 May 2011 01:32 PM PDT KB Home (NYSE:KBH) announced the appointment of Tom Silk as the company's Senior Vice President of marketing and communications. He will be responsible for KB Home's marketing, advertising, communications and social media outreach across its U.S. homebuilding operations.
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| Posted: 18 May 2011 01:32 PM PDT The Chemical industry has been near the top of the Zacks industry ranks for several months now. As the world economy has recovered so has demand for the basic building blocks of most of the products we buy. Since these firms tend to be big buyers of oil, one might think that their margins would get squeezed by higher oil prices, but that has not been the case so far. Earnings for the group are growing nicely, and are growing much faster than are sales. In other words net margins are going up, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 18 May 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4239, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday’s low, and resistance at 1.4339, Friday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.55% to hit 0.8808 and EUR/JPY rising 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Markets Close Higher; Dow Jones Up 0.65% Posted: 18 May 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.65%, the S&P 500 index gained 0.88%, while the Nasdaq 100 index climbed 0.83%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed higher. France’s CAC 40 was up 0.92%; Germany’s DAX gained 0.65%; Britain’s FTSE 100 climbed 1.07%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 01:02 PM PDT A subsidiary of rig contractor Diamond Offshore Drilling Inc. (NYSE:DO) has inked a long-term drilling agreement with Anadarko Petroleum Corporation (NYSE:APC). The deal is expected to generate $1.8 billion in revenues.
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| Posted: 18 May 2011 12:57 PM PDT Vodafone Group Plc (NYSE:VOD) has announced results for full year 2011 (ended March 31, 2011). Adjusted earnings of £0.1675 per share (or earnings per ADS of $2.61) missed the Zacks Consensus Estimate of $2.77 but increased 4% from £0.1611 in the year-ago period.
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| Posted: 18 May 2011 12:57 PM PDT Caterpillar Inc. (NYSE:CAT) through its financial wing Caterpillar Financial Services Corp. has issued a note amounting to $750 million having a coupon rate of 1.375% at a price of $99.947. This is a three-year note maturing on May 20, 2014.
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| Forex – GBP/USD Down During The U.S. Session Posted: 18 May 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change.<br/><br/> GBP/USD was trading at 1.6162, down 0.55% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, today’s low, and resistance at 1.6309, Friday’s high.<br/><br/> Earlier in the day, official data showed that the U.K. claimant count change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 12:32 PM PDT Recently, Quest Diagnostics (NYSE:DGX) completed the acquisition of Celera Corporation. Earlier, in March 2011, Quest announced its intention to acquire Celera for $8 per share, representing a transaction value of $344 million, after taking into account $327 million of cash and short-term investments.
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| Priority Review For Pfizer Drug Posted: 18 May 2011 12:32 PM PDT Pfizer Inc. (NYSE:PFE) recently announced that its oncology candidate, crizotinib, has been granted priority review status by the US Food and Drug Administration (FDA). The company is looking to get crizotinib approved for the treatment of patients with anaplastic lymphoma kinase (ALK)-positive advanced non-small cell lung cancer (NSCLC). Pfizer has also filed for approval in Japan, the second largest pharma market.
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| Posted: 18 May 2011 12:32 PM PDT A.M. Best Co. reiterated the issuer credit ratings (ICR) of "bbb-" and all existing debt ratings of Montpelier Re Holdings Ltd. (NYSE:MRH). The rating agency upgraded the outlook to positive from stable.
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| FOMC Minutes – Fed Starts Talking Exit Strategy Process, But Not Yet Timing Posted: 18 May 2011 12:23 PM PDT Today's FOMC Minutes revealed the ongoing division between the Fed's hawks and doves as they spent a good amount of time discussing how to go about an exit strategy from the emergency policies set up after the financial crisis.
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| Gold And Silver Flattening Out Corrections Posted: 18 May 2011 12:13 PM PDT Gold and Silver Continuing Major Corrections (5/17) Short-Term- Gold's decline was already flattening before today, but yesterday's price action threatened to continue a sharper correction decline as it cracked a rising trendline going back to Feb 2011.
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| Jury Affirms Ventas Appeal Over HCP Posted: 18 May 2011 12:12 PM PDT The United States Court of Appeals for the Sixth Circuit has unanimously ruled in favor of Ventas Inc. (NYSE:VTR), a leading healthcare real estate investment trust (REIT), in its recent judgment and affirmed a 2009 jury verdict that awarded it a $101.6 million in damages. The verdict relates to the lawsuit filed by Ventas regarding the 'Tortious Interference' by HCP Inc. (NYSE:HCP) with business expectation arising out of the former's acquisition of Sunrise Senior Living Inc. (NYSE:SRZ) in April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| VirtualScopics Reports 1Q Loss Posted: 18 May 2011 12:12 PM PDT Medical imaging solutions provider VirtualScopics (NASDAQ:VSCP) has incurred a first quarter loss despite a healthy growth in sales. The Rochester, New York-based company posted a net loss of $200,381 (or a cent a share) in the quarter versus a modest profit of $8,092 (or break-even earnings) a year-ag.
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| Forex – USD/CAD Up In U.S. Trade Posted: 18 May 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9726, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 0.9604, Friday’s low, and resistance at 0.9794, Tuesday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.08% to hit 1.4225 and GBP/USD falling 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 12:00 PM PDT The USD weakened vs. the EUR, ahead of the FOMC minutes. The GBP saw downward pressure on the heels of UK jobs data and the BoE MPC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 May 2011 12:00 PM PDT The USD weakened vs. the EUR, ahead of the FOMC minutes. The GBP saw downward pressure on the heels of UK jobs data and the BoE MPC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 18 May 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4231, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday’s low, and resistance at 1.4339, Friday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.60% to hit 0.8813 and EUR/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Global Growth At Risk Say Chanos And ECRI Posted: 18 May 2011 12:58 AM PDT We think Jim Chanos is ahead of the curve, and the ECRI puts the icing on the cake saying the US is not immune. What’s this good for are well rolling into a big 2012 bear? If the world slumps or China dips in GDP growth, what do you want to be in and out of? Scan our blog, and you will see cycles on the dollar and others confirm this thinking. We have data on commodities, currencies, stocks and bonds going back 40+ years that produce cycles with over 80% accuracy, and when we go live, you too … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Chart Of The Week: Emerging Europe’s Middle Class Posted: 17 May 2011 10:00 PM PDT Middle-class, affluent, bourgeois, white-collar … they all describe a group of people who enjoy a comfortable life, have access to healthcare and, most importantly, have discretionary income. And across developing nations, there is a growing group of affluent people that are just settling in to this lifestyle.
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