Thursday, August 2, 2012

DailyMarkets.com - Euro Drops On Draghi Disappointment

DailyMarkets.com - Euro Drops On Draghi Disappointment

Euro Drops On Draghi Disappointment

Posted: 02 Aug 2012 07:38 AM PDT

08/02/12 EUR/USD came off session highs after ECB President Mario Draghi disappointed on monetary policy. The Euro fell from a 4-week high above the $1.24 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

FINRA “Meter Maids” Top 25 Fines: “Ain’t No Party”

Posted: 02 Aug 2012 06:09 AM PDT

Wall Street's self-regulator FINRA just celebrated its 5 year anniversary. Congratulations to them. Sympathies and condolences to the rest of us.
The Securities Technology Monitor highlights FINRA's birthday with a grandiose slideshow presentation entitled, The First Five Years; FINRA's Top 25 Enforcement Cases. While those at FINRA might be celebrating the anniversary with cookies, cupcakes, and lemonade, let's take a more critical review of Wall Street's industry-funded private … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Cartoon Of The Day: Ethanol

Posted: 02 Aug 2012 05:57 AM PDT

Uganda Cuts Key Rate 200 Bps To 17% As Inflation Drops

Posted: 02 Aug 2012 05:52 AM PDT

    The Bank of Uganda (BoU) cut its policy interest rate, the Central Bank Rate (CBR),  by 200 basis points to 17 percent as a sharp drop in inflation gives it room to stimulate the economy.
     The central bank said the “disinflationary momentum in the Ugandan economy strengthened in July,” with both headline and core annual inflation rates falling sharply and inflationary pressures have been easing since the beginning of the year.
    Uganda’s economy … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Romania Maintains Key Rate At 5.25%

Posted: 02 Aug 2012 05:15 AM PDT

   The National Bank of Romania has maintained its monetary policy rate at 5.25 percent, as expected.
    The Romanian central bank said in a brief statement that the bank would also “ensure adequate liquidity management in the banking system”
    It said the quarterly inflation report would be released on Aug. 6 and further details would be provided at a press conference.
    The Romanian central bank cut its main rate by 25 basis points in March as the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Ucore (UCU.V Or UURAF) Applauds Rep.Young’s Commitment To Expediting Development At Bokan Mountain

Posted: 02 Aug 2012 05:02 AM PDT

Ucore Rare Metals Inc. ("Ucore") (UURAF) applauds Representative Don Young (R-AK) (http://donyoung.house.gov/) for his amendment to the National Strategic and Critical Minerals Production Act of 2012 (H.R. 4402, http://hdl.loc.gov/loc.uscongress/legislation.112hr4402). Mr. Young's amendment will allow Ucore (http://ucore.com/) to accelerate the mining permit process so it can expedite development of its heavy rare earth project at Bokan Mountain, Alaska.
The 2001 Roadless Area … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

ECB Maintains Key Interest Rate At 0.75%

Posted: 02 Aug 2012 04:56 AM PDT

    The European Central Bank (ECB) kept its key interest rate unchanged at 0.75 percent, surprising most economists who had expected the bank to cut the rate or provide further stimulus to the ailing euro zone.
    The ECB said in a  statement that its president, Mario Draghi, would provide further comments at a press conference. The bank also maintained its other key rates – the rate on marginal lending at 1.5 percent and a zero rate on its deposit facility – … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Czech Central Bank Keeps Interest Rate Steady At 0.5%

Posted: 02 Aug 2012 04:42 AM PDT

    The Czech National Bank (CNB) maintained its key interest rates unchanged, as expected.
    The CNB said in a statement that it’s board had decided to keep the two-week repo rate at 0.5 percent, the discount rate at 0.25 percent and the Lombard rate at 1.5 percent.
    The bank cut the repo rate, the rate paid on commercial banks’ excess liquidity, to a record low 0.5 percent in June as the economy is hit by the slowdown in Europe along with the Czech … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Standard Graphite (SGH.V) Confirms Known Graphite Trend At Mousseau East

Posted: 02 Aug 2012 04:34 AM PDT

Vancouver, BC – August 2, 2012 – Standard Graphite Corp. (TSXV: SGH) (the "Company") is pleased to announce that the results from an airborne geophysical survey flown over its Mousseau East property coincide with the outline of the known mineralization. The survey has also identified targets in other sectors of the property where no historical work has been reported.
Airborne magnetic (NYSE:MAG) and time domain electromagnetic (TDEM) surveys were flown by Prospectair Geosurveys over … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Bank Of England Maintains Base Rate, QE Target

Posted: 02 Aug 2012 04:15 AM PDT

    The Bank of England (BOE) kept its bank rate unchanged at 0.5 percent and its target for purchasing assets worth 375 billion pounds, as expected by financial markets.
    The central bank has kept its bank rate steady since March 2009 and initiated the asset purchase program, known as quantitative easing, the same month.
    “The Committee expects the announced programme of asset purchases to take another three months to complete.  The scale of the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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