Wednesday, August 10, 2011

DailyMarkets.com - Forex – EUR/USD Lower In Early Asian Trade

DailyMarkets.com - Forex – EUR/USD Lower In Early Asian Trade


Forex – EUR/USD Lower In Early Asian Trade

Posted: 10 Aug 2011 04:53 PM PDT

Forexpros – The euro extended losses against the U.S. dollar Wednesday, as European financial stocks posted steep drops due to continued worries of debt insolvency in the euro-zone.<br /><br />EUR/USD hit 1.4179 in early Asian trade, the pair&rsquo;s highest since Monday; the pair subsequently consolidated at 1.4143, dropping 0.25%.<br /><br />The pair was likely to find support at 1.4070, last Friday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed In Early Asian Trade

Posted: 10 Aug 2011 04:19 PM PDT

Forexpros – The U.S. dollar was mixed against its major counterparts Wednesday, as positive sentiment from the Federal Reserve&rsquo;s vow to maintain ultra-low rates gave way to fears that Europe&rsquo;s debt crisis could claim France as its next victim.<br /><br />In early Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.33% to hit 1.4130.<br /><br />Stocks on Wall Street suffered steep declines as market attention turned to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 10 Aug 2011 04:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4139, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4070, Friday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8770 and EUR/JPY falling 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Groupon Updates IPO Filing

Posted: 10 Aug 2011 03:57 PM PDT

08/10/11 Groupon filed an amendment to it SEC filing, as the company continues to plan for its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down In Asian Trade

Posted: 10 Aug 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.8098, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 0.7966, Tuesday&rsquo;s low, and resistance at 0.8466, Friday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.17% to hit 1.2526 and EUR/NZD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Day Ahead: US Trade Balance, Weekly Jobless Claims; Earnings – Kohl’s Nordstrom, Nvidia

Posted: 10 Aug 2011 10:20 AM PDT

08/10/11 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


Air Products- Motiva Enter Deal

Posted: 10 Aug 2011 03:06 PM PDT

Air Products & Chemicals Inc. (NYSE:APD) entered a long-term agreement with Motiva Enterprises LLC for an additional supply of hydrogen to be used by Motiva’s Convent, Louisiana refinery.
The hydrogen is used by refiners to make cleaner transportation fuels and other petroleum products from heavier, sour crude feedstocks.
Air Products will build a 110 million-standard-cubic-feet/day hydrogen plant in Louisiana to supply refineries owned by Motiva and Marathon Ashland Petroleum (MAP). The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Air Products- Motiva Enter Deal

Posted: 10 Aug 2011 03:06 PM PDT

Air Products & Chemicals Inc. (NYSE:APD) entered a long-term agreement with Motiva Enterprises LLC for an additional supply of hydrogen to be used by Motiva’s Convent, Louisiana refinery.
The hydrogen is used by refiners to make cleaner transportation fuels and other petroleum products from heavier, sour crude feedstocks.
Air Products will build a 110 million-standard-cubic-feet/day hydrogen plant in Louisiana to supply refineries owned by Motiva and Marathon Ashland Petroleum (MAP). The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stereotaxis’ 2Q Loss Widens

Posted: 10 Aug 2011 03:06 PM PDT

Medical equipment maker Stereotaxis Inc's (NASDAQ:STXS) second-quarter fiscal 2011 loss per share of 18 cents was higher than the Zacks Consensus Estimate of a loss of 13 cents and the year-ago loss of 8 cents. The Missouri-based company's loss widened two-and-half-fold year over year in the quarter to $9.7 million, hurt by a double-digit decline in sales.
Revenues for the second quarter slid 22.7% year over year to $11.6 million, missing the Zacks Consensus Estimate of $15 million. Softness in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Embraer Aircraft To Enter Ghana

Posted: 10 Aug 2011 03:06 PM PDT

Embraer S.A (NYSE:ERJ) received orders for five military aircraft including an Embraer 190 jet with logistic support and two Airbus C-295 planes from the Defense Ministry of Ghana.
The contract will be valued at approximately $200 million, which includes $105.3 million Brazilian-made Embraer 190 coupled with the construction of an ultra-modern hangar.
The order for the above five military aircrafts are expected to be delivered by the end of 2012.
Of late, Embraer reported second-quarter financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Merge Acquires Ophthalmic Imaging

Posted: 10 Aug 2011 03:06 PM PDT

Recently, Merge Healthcare (NASDAQ:MRGE) completed the acquisition of Ophthalmic Imaging Systems for approximately $30.3 million (excluding the debt). Ophthalmic Imaging provides digital imaging and informatics solutions for ophthalmology and other medical specialties. 
Merge believes that the acquisition will be accretive as the company expects to integrate Ophthalmic Imaging Systems' ophthalmic imaging and informatics solutions, including a highly regarded single platform electronic health … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Bristol-Myers

Posted: 10 Aug 2011 03:06 PM PDT

Following the release of encouraging second quarter 2011 results, majority of the analysts covering Bristol-Myers Squibb Company (NYSE:BMY) revised their earnings estimates upwards for 2011. The upward bias is primarily attributable to the encouraging efforts of the company to combat the loss of revenues that will arise once its key drugs, particularly the blockbuster Plavix, loses market exclusivity.
Second Quarter Flashback
Bristol-Myers' second quarter 2011 earnings (excluding special items) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Air Products, Motiva Enter Deal (revised)

Posted: 10 Aug 2011 03:06 PM PDT

Air Products & Chemicals Inc. (NYSE:APD) entered a long-term agreement with Motiva Enterprises LLC for an additional supply of hydrogen to be used by Motiva’s Convent, Louisiana refinery.

The hydrogen is used by refiners to make cleaner transportation fuels and other petroleum products from heavier, sour crude feedstocks.

The hydrogen supply, which has already commenced, is from Air Products’ Gulf Coast hydrogen pipeline supply network that serves multiple refinery and petrochemical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Watch List For Thursday, Aug 11

Posted: 10 Aug 2011 02:51 PM PDT

  ( click to enlarge )

Forbes reported today that Google is looking to acquire mobile chip technology maker InterDigital (NASDAQ:IDCC) and its 8,800 patents. Due to several patent lawsuits against Google, the company may try to acquire the wireless chip technology firm. One of the main fundamental reasons traders could believe share prices are justified at higher levels is because IDCC has been the target of being acquired at $135 per share. So, I encourage traders to watch IDCC trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stocks 38.2% Retrace, Go Gold And Sentiment Disappointment

Posted: 10 Aug 2011 02:36 PM PDT

I have readers inquiring how long I will hold my deep under water TNA position. So I hope this post explains my reasoning somewhat. Gold is walking up a steep plank and we’ll take a look at that. Finally, people just aren’t scared enough (I’m afraid) – some new data out from Investor’s Intelligence.

School starts next week and I am getting nothing accomplished with that responsibility as I spend too much time on this computer. Hopefully I’ll give the blog a rest and get something done that I … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


MarkWest Tops Estimates

Posted: 10 Aug 2011 02:35 PM PDT

Pipeline operator MarkWest Energy Partners L.P. (NYSE:MWE) generated profit per unit (excluding marked-to-market derivative loss and compensation expense) of 46 cents in the second quarter of 2011, breezing past the Zacks Consensus Estimate of 37 cents. The results improved significantly from 3 cents per unit earned on an adjusted basis in the year-earlier quarter.
Quarterly revenue came in at $400.4 million, up 23.6% from second quarter 2010 and ahead of our projection of $373.0 million. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Eastman Completes Sterling Buy

Posted: 10 Aug 2011 02:35 PM PDT

The plastics and chemicals maker Eastman Chemical Co. (NYSE:EMN) announced that it has completed the acquisition of petrochemical company Sterling Chemicals Inc. for $100 million in cash. The deal was originally announced in June 2011.          
The deal is expected to be accretive to 2011 earnings per share. The transaction, which includes Sterling’s plasticizer and acetic acid manufacturing assets in Texas City, Texas, is expected to be accretive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gen-Probe Retained At Neutral

Posted: 10 Aug 2011 02:35 PM PDT

We reaffirm our Neutral recommendation on diagnostic products maker Gen-Probe (NASDAQ:GPRO) following its mixed second-quarter fiscal 2011 results. Earnings of 51 cents a share for the quarter beat the Zacks Consensus Estimate of 49 cents.
Profit tumbled 21% year over year as healthy growth in the California-based company's clinical diagnostic franchise was eclipsed by double-digit declines across blood screening and research products/services businesses.
Sales fell 2% year over year to $135.9 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: RightNow

Posted: 10 Aug 2011 02:35 PM PDT

RightNow Technologies Inc. (NASDAQ:RNOW) reported earnings from continuing operations (excluding one times, but including stock-based compensation) of 4 cents per share for the second quarter of 2011, exceeding the Zacks Consensus Estimate of a loss per share of 1 cent. The results benefited from the shift in revenue mix toward higher margin yielding Recurring revenue.
The company has consistently exceeded expectations. On average, RightNow has beaten the Zacks Consensus Estimate by 259.64% in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Ya Think?

Posted: 10 Aug 2011 02:31 PM PDT

Something tells me that this –
“Most Americans Can’t Afford a $1,000 Emergency Expense” (CNNMoney)
When the unexpected strikes, most Americans aren’t prepared to pay for it.
A majority, or 64%, of Americans don’t have enough cash on hand to handle a $1,000 emergency expense, according to a survey by the National Foundation for Credit Counseling, or NFCC, released on Wednesday.
Only 36% said they would tap their rainy day funds for an emergency. The rest of the 2,700 people polled said that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Capital One To Buy HSBC Card Unit

Posted: 10 Aug 2011 02:05 PM PDT

Capital One Financial Corporation (NYSE:COF) has finally decided to acquire HSBC Holdings Plc's (NYSE:HBC) U.S. credit card business. HSBC was trying to sell the unit since the middle of this year as part of its long-term strategy to reduce costs up to $3.5 billion by 2013and cut back retail banking.
Capital One announced a definitive agreement early Wednesday to buy the business for $32.7 billion, which is at a premium of 8.75% to par value of all receivables or about $2.6 billion (value as of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cisco Surprises In Tough Quarter

Posted: 10 Aug 2011 02:05 PM PDT

Cisco Systems (NASDAQ:CSCO) has reported its fiscal 4th quarter 2011 earnings results after the bell Wednesday, and issued a positive surprise on both the top and bottom lines. Revenues for the quarter reached $11.2 billion, above the Zacks Consensus Estimate of $10.99 billion.

At Zacks, we use the adjusted earnings figures and subtract stock-based compensation. Cisco reported 35 cents per share in the quarter, beating the Zacks Consensus of 32 cents.

Guidance is not available at this hour, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Closing Bell Market Monitor: BAC, HBC

Posted: 10 Aug 2011 02:00 PM PDT

08/10/11 The latest in news, commentary, and information on what’s moved the US equities markets just after the NYSE closing bell including: a 500+ point slide for the Dow & another record for gold prices above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down At The End Of U.S. Session

Posted: 10 Aug 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> EUR/USD was trading at 1.4179, down 1.37% at time of writing.<br/><br/> The pair was likely to find support at 1.4070, Friday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 10 Aug 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/JPY was trading at 76.89, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 76.36, today&rsquo;s low, and resistance at 79.41, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sunoco Plans $500M Share Buyback

Posted: 10 Aug 2011 01:35 PM PDT

Oil refiner and marketer Sunoco Inc. (NYSE:SUN) announced plans to buy back up to $500 million of its common stock, joining many others who are returning cash to shareholders.
Sunoco – the general partner and 34% stakeholder in crude oil pipelines/terminals operator Sunoco Logistics Partners L.P. (NYSE:SXL) – says the value of its stock is significantly undervalued in view of the recent market downturn. As a result, the company's board has approved a share repurchase program pursuant to an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


SunTrust Hikes Dividend

Posted: 10 Aug 2011 01:35 PM PDT

SunTrust Banks Inc. (NYSE:STI) announced a hike in quarterly cash dividend on Tuesday. The company was the latest bank to increase dividend following the Federal Reserve's stress test results that were out in March.
SunTrust declared a quarterly cash dividend of 5 cents per share, payable on September 15, 2011 to shareholders of record at the close of business on September 1, 2011. Hence, the annual dividend payable to the shareholders now stands at 20 cents per share, a jump of 400% from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 10 Aug 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> EUR/USD was trading at 1.4190, down 1.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4070, Friday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Lower; Dow Jones Down 4.62%

Posted: 10 Aug 2011 01:15 PM PDT

Forexpros – U.S. stocks were down after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 4.62%, the S&P 500 index shed 4.42%, while the Nasdaq 100 index declined 4.06%.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -129.4B last month from -43.1B in the preceding month.<br/><br/>Analysts had expected U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earning Scorecard: Nokia

Posted: 10 Aug 2011 01:10 PM PDT

Nokia Corporation (NYSE:NOK), the largest mobile phone manufacturer in the world, declared solid second quarter 2011 financial results, beating both the top-line and bottom-line expectations. However, loss of market share in the global mobile phone market persisted as the company sold lesser number of handsets.
Second Quarter Highlights
Quarterly net revenue was approximately $13,182 million, down 7% year over year. Reported revenues, however, surpassed the Zacks Consensus Estimate of $13,171 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


National Oilwell Is Now Outperform

Posted: 10 Aug 2011 01:05 PM PDT

Buoyed by strong operating results and robust activity levels throughout North America, we have upgraded oilfield services company National Oilwell Varco (NYSE:NOV) to Outperform from Neutral.
National Oilwell Varco, which ranks ahead of Cameron International Corp. (NYSE:CAM) as the biggest U.S. maker of oilfield equipment, currently retains a Zacks #1 Rank, which translates into a short-term Strong Buy rating.
The company – one of the largest manufacturers of drilling equipment in the world – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Roche’s RoActemra Approved In EU

Posted: 10 Aug 2011 01:05 PM PDT

Roche Holdings Ltd. (RHHBY) has been having an eventful run in recent times, and the latest news of the European Commission approving RoActemra (tocilizumab) adds to the string of recent developments.   
RoActemra has been approved for use as a treatment for active Systemic Juvenile Idiopathic Arthritis (sJIA) in patients who are two years and older and have responded inadequately to previous therapy with NSAIDs (nonsteroidal anti-inflammatory drugs) and systemic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down During The U.S. Session

Posted: 10 Aug 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> GBP/USD was trading at 1.6136, down 1.10% at time of writing.<br/><br/> The pair was likely to find support at 1.6124, today&rsquo;s low, and resistance at 1.6475, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Masimo EPS Meets, Sales Trail

Posted: 10 Aug 2011 12:35 PM PDT

Masimo Corporation (NASDAQ:MASI), a leader in non-invasive monitoring know-how for patient care, posted second-quarter fiscal 2011 earnings per share of 28 cents, meeting the Zacks Consensus Estimate. Reported profit increased 19.3% year over year to $17 million.  
Revenues
Revenues for the quarter rose 9% year over year to $109.6 million, missing the Zacks Consensus Estimate of $111 million. Product revenues shot up 17% to $102.6 million. Product sales were bolstered by higher revenues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Boeing’s 777 In Demand

Posted: 10 Aug 2011 12:35 PM PDT

The international commercial airplane producer, The Boeing Co. (NYSE:BA) received orders, amounting to $5.6 billion, for 20 airplanes of its 777 model from two airliners.
Boeing received an order for 8 777-300 ERs airplanes from Singapore Airlines Ltd. for $2.3 billion. The aircrafts are expected to be delivered within the 2013-2014 financial year. Boeing also received orders for 4 777-300 ERs airplanes and 8 777-200F freighters from Cathay Pacific Airways Ltd. for a total worth of $3.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up In U.S. Trading Hours

Posted: 10 Aug 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/CHF was trading at 0.7287, up 1.04% at time of writing.<br/><br/> The pair was likely to find support at 0.7074, Tuesday&rsquo;s low, and resistance at 0.7716, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


08/10 FX Options Report

Posted: 10 Aug 2011 12:20 PM PDT

The USD traded higher against most majors, with the exception of the JPY. US stocks continued to see another slide on European bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In U.S. Trade

Posted: 10 Aug 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/CAD was trading at 0.9918, up 1.49% at time of writing.<br/><br/> The pair was likely to find support at 0.9743, Friday&rsquo;s low, and resistance at 1.0010, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Trades At A New High Above $1,800

Posted: 10 Aug 2011 07:00 AM PDT

08/10/11 Gold futures rose above the pivotal $1,800 an ounce mark Wednesday on growing global economic concerns on yesterdays Fed pledge and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down On Economic Data

Posted: 10 Aug 2011 11:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/JPY was trading at 76.78, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 76.36, today&rsquo;s low, and resistance at 79.41, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down On Economic Data

Posted: 10 Aug 2011 11:20 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> EUR/USD was trading at 1.4226, down 1.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4070, Friday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Federal Budget Balance Falls Less-than-expected

Posted: 10 Aug 2011 11:20 AM PDT

Forexpros – The U.S. federal budget balance fell less-than-expected last month, official data showed on Wednesday.<br/><br/>In a report, Department of the Treasury said that U.S. federal budget balance fell to a seasonally adjusted -129.4B, from -43.1B in the preceding month.<br/><br/>Analysts had expected U.S. federal budget balance to fall to -140.0B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Qatar Central Bank Cuts Deposit Rate 25bps To 0.75%

Posted: 10 Aug 2011 11:20 AM PDT

The Qatar Central Bank reduced its main overnight deposit facility interest rate by 25 basis points to 0.75%% from 1.00% in order to boost the non-oil sector and regulate capital flows.  The Bank also reduced the overnight lending facility interest rate by 50 basis points to 4.50% from 5.00%, and cut the repo rate by 50 basis points to 4.50% from 5.00%.  The Qatari economy is expected to grow at a rate in excess of 15% this year due to increased gas … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Drops, Risk Aversion Rises On Fed Pladge & Eurozone Debt Concerns

Posted: 10 Aug 2011 10:00 AM PDT

08/10/11 Investors continued to seek out safer-haven currencies this afternoon in the forex markets following yesterdays Fed pledge to keep rates low until the middle of 2013 while concerns grew of a growing European debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Indians Celebrate Holiday With Offerings Of Gold

Posted: 09 Aug 2011 10:00 PM PDT

No country in the world has a richer history with gold than India. From the Indus Valley Civilization—one of India's first settlements—through the days of the Silk Road, then British Colonialism to today, gold has played an important role in Indian culture, faith and rituals.
One of gold's strongest cultural bonds is with the holy Hindi month of Shraavan, which begins in late July and ends the third week of August each year. Shraavan pays tribute to Lord Shiva, who is responsible for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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