Archives for March 2008

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Authorities in the United Arab Emirates were on Wednesday investigating some of the country?s worst labour unrest, which ended with the arrest of at least 30 workers allegedly involved in a riot at a labour camp in Sharjah on Tuesday. Another outbreak of labour violence in the fast-growing UAE provides a stark warning that, in spite of government attempts to improve the lot of the hundreds of thousands of workers behind the construction boom, the dirham?s peg to the weakening dollar continues to eat into remittances. The authorities have made clear that violent protests will result in imprisonment and deportation. You have viewed your allowance of free articles. If you wish to view more, click the button below. read more

[Tags]labour, authorities, workers, 30, allegedly, allowance, forex news[/Tags]

Expectations of fresh capital inflows after overnight US rate cut and firm equity markets boosted the rupee sentiment and the local unit ended higher by 8 paise at 40. A forex dealer said, “Dollar generally becomes weak after rate cut and also dollar dominated assets, hence traders prefer to park their funds in the emerging markets like India. Forex dealers said some dollar buying by importers, mainly oil refiners, pushed the rupee down to 40. The global stock markets were bolstered by Fed rate cut and also by the good performance of top US investment banks, Goldman Sachs and Lehman Brothers. read more

[Tags]markets, 40, forex, rate, rupee, cut, forex news[/Tags]

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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. read more

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SAN FRANCISCO (MarketWatch) — The dollar gained on the euro and pound Wednesday, but slipped against the Japanese yen as stock market gains faded deeper into the red. The Office of Federal Housing Enterprise Oversight loosened Wednesday the strict capital requirements on Fannie Mae and Freddie Mac, allowing them to inject billions of dollars into the sagging mortgage market by buying more loans. Dollar mixed as stocks stay underwater; euro, pound lower – MarketWatch Intraday data provided by Interactive Data Real Time Services , a division of Interactive Data Corp. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data . read more

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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here . read more

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Thomson Financial said analysts had expected the company to earn 81 cents per share on revenue of $4. Despite the recent unrest, China remains steadfast in its plan to take the Olympic torch to Tibet and Mount Everest, organizers of the Beijing Olympics said Wednesday. New media websites hope by offering content to viewers they can curtail online piracy, but they face a tough b. Wall Street experienced a sharp sell-off one day after posting its best gains in 5 years after a steep slide i. BOJ Governor Fukui’s retirement puts the central bank in temporary hands, after a second government nominee wa. read more

[Tags]wall, 4, company, grew, revenue, years, forex news[/Tags]

A slump in the uS housing and financial sectors, declining consumer spending, the rising jobless rate and weak manufacturing have raised fears that the world’s biggest economy is already in recession. Worries about the US economy continued to drag on the dollar after the Fed said in the statement accompanying its rate decision that ‘recent information indicates that the outlook for economic activity has weakened further’ and that ‘uncertainty about the inflation outlook has increased. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Intraday data provided by ComStock , an Interactive Data Company and subject to the Terms of Use . Historical, current end-of-day data, and splits data provided by FT Interactive Data . read more

[Tags]data, provided, , minutes, fed, financial, forex news[/Tags]