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India’s foreign, local currency IDRs affirmed at ‘BBB-‘, outlook stable – Fitch – Forbes. MUMBAI (Thomson Financial) – Fitch Ratings said it has affirmed India’s foreign and local currency issuer default ratings (IDR) at ‘BBB-‘ with a stable outlook on the country’s strong growth, reinforced by strong net capital inflows and further advances in its external solvency and liquidity indicators. Fitch said strong growth and faster reform will be critical while fiscal consolidation also needs to remain at the forefront, if the country has to progress on the provision of basic infrastructure, banking sector reform and further opening up of the balance of payments capital account. 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. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? Main Best Companies to Work For Best Places to Live America’s Hottest Jobs Fortune 500 Global 500 Fortune 500 archive Best Places to Retire 20 Great Cos. Analysts are also expecting the October non-farm jobs data, to be released later today, to add to evidence that the US economy is still reeling from the subprime mortgage crisis and another cut is needed to avoid a recession. 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. read more

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Tuna is considered a potential export resource in the country but finds itself in troubled waters in the Mediterranean. But the Marine Products Export Development Authority (MPEDA) of India is looking at tuna in the Indian coastal waters as a potential resource for exports. The resource potential of tuna in the Indian Exclusive Economic Zone, spread over 2-million sq. Once the resources are exploited, India can become a major exporter of tuna and tuna products, MPEDA officials say. The authority has hired the services of an expert from Australia to train Indian fishermen in tuna long-lining and onboard handling. Blue-fin tuna in the Mediterranean is being driven to the brink of extinction by unscrupulous fishing piracy and ineffective management, the report says. read more

[Tags]tuna, indian, mediterranean, mpeda, products, authority, forex news[/Tags]

Forex – US dollar recovers against euro on speculation Fed rate cuts over – Forbes. HONG KONG (Thomson Financial) – The US dollar recovered against the euro in Asian afternoon trade Thursday on speculation that the Federal Reserve is done cutting interest rates after stronger-than-expected third-quarter growth in the US. PK – news – people ) Bank. 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. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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Legal disclaimer and risk disclosure iFOREX is in the business of teaching analysis of forex trends, and proposing potential trading signals – not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. The staff at iFOREX is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX employees. read more

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LONDON (MarketWatch) — Some of the 13 members of the euro zone have fared better than others as the euro has grown in strength, but a sustained rise by the currency will put the squeeze on all involved, economists said. And while some countries have suffered acutely from the euro’s strength, a continued appreciation will affect all euro-zone economies and trim the region’s economic growth, economists said. Structural reforms have so far allowed the euro zone’s largest and third-largest economies, Germany and Italy, to fare better than the second-largest, France. The German and Italian economies are also cushioned somewhat because they export more to emerging European countries, whose currencies haven’t fluctuated so wildly against the euro. According to International Monetary Fund data, 16% of all German exports headed toward countries such as the Czech Republic, Hungary and Poland during 2006, double that of France, which exported only 8% of its goods to those countries. Currency strength seen squeezing euro-zone growth – MarketWatch Intraday data provided by Comstock , a division of Interactive Data Corp. read more

[Tags]euro, data, , countries, strength, economies, forex news[/Tags]

R achid started trading Forex with 20,000USD, attended a couple of Forex seminars, was mentored by a good Forex coach and subscribed to an excellent Forex signal service. You either thought it was not important or naively believed in the guy – who after all may not be that sound in the core of Forex trading – who recommended the broker to use. A technical pattern shows up on the price chart or a piece of news filters into the market; trader X feels a currency pair is under-priced and go long, trader Y figures that the currency pair is over-valued and go short, the market moves in a direction and leaves one trader moaning and the other smiling. And this explains why the most important factor to your success in Forex trading remains who taught you Forex. The Forex market is an electronic network and the commission fee is the legal and justifiable way your broker makes her money. A Market Maker, on the other hand, has spent more than enough to advertise to you and does not have the technology and financial capability of transferring your orders to the Forex market. read more

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CARACAS (Reuters) – OPEC is likely to discuss creating a basket of currencies for oil pricing at its next summit due to the steady decline in the dollar, Venezuela’s Energy Minister Rafael Ramirez said on Friday. Ramirez added that world oil markets are well supplied with petroleum inventories above average, reiterating suggestions earlier this week that OPEC is not likely to hike output to calm record-high prices. Officials from the United States and China — the world’s two largest oil consumers — have expressed concern that current crude prices are too high. As the Balkan state prepares for the winter, a group of poor Bosnians search with bare hands and primitive tools for bad quality coal inside a dangerous self-run mine. 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. read more

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AT what point in her tenure as Zimbabwe National Chamber of Commerce president did Marah Hativagone realise that the country is "awash" with foreign currency? This week she jumped to fight in the Air Zimbabwe corner, defending the national airline's quest to charge fares in foreign currency. She told a parliamentary portfolio committee that Air Zimbabwe should be granted the right to sell tickets in forex because "right now, foreign currency is awash in the country but it is being suppressed. This is the same business leader who only three months ago — and many instances before that — was telling business that there is no foreign currency in the country. It is therefore egregious for Hativagone and the bigwigs at Air Zimbabwe to try and prescribe sectoral dollarisation on the basis of foreign currency outside the formal economy. read more

[Tags]currency, foreign, forex, country, , zimbabwe, forex news[/Tags]