Market Gawk

Currencies: Yen gains against rivals in Asian trading

Wed, 01 Sep 2010 05:16:28 +0000

The yen shrugs off strong words from Japan’s top financial official and continues to strengthen against major rivals as investors increasingly doubt that words would be backed up with action. Original post by FeedZilla

Earl now a Category 4; East Coast could take hit

Wed, 01 Sep 2010 05:16:27 +0000

Hurricane quickly gathers strength, becoming a dangerous Category 4 storm, as it roars past Puerto Rico and the U.S. Virgin Islands. Original post by FeedZilla

Saudi M3 money supply growth slows to seven year low

Wed, 01 Sep 2010 05:16:26 +0000

Saudi Arabian Monetary Agency (SAMA) has said that M3 money supply growth, an indicator of future inflation, slowed to a more than seven-year low in July, Bloomberg has reported. M3 money supply growth, which includes demand deposits and currency outside banks, eased to 2.3% in July, compared with 3.4% the previous month. July bank claims [...]

Kuwait sees $22.3bn budget surplus

Wed, 01 Sep 2010 05:16:25 +0000

According to data by Kuwait’s finance ministry, the Gulf state has recorded a budget surplus of KD6.44bn ($22.3bn) in the fiscal year ended March 31, after oil revenue was more than double what was forecasted, Bloomberg has reported. oil revenue was KD16.58bn for the fiscal year, compared with a projection of KD6.9bn, while non-oil revenue [...]

UAE set for new laws to promote investment

Wed, 01 Sep 2010 05:16:24 +0000

The UAE economy minister, Sultan Bin Saeed al-Mansouri has said that preparations are underway to launch new laws and updating existing regulations to boost investor confidence in the country, Wam has reported. ”The ministry of economy is laying the final touches on Competition Law, Companies Law, Auditors Law, Foreign Investment Law, Industry and Industry Ownership [...]

Lack of faith in policymakers hits risk

Wed, 01 Sep 2010 05:16:23 +0000

A sense that fiscal and monetary authorities are bumbling their lines in the face of a dangerous plot twist for the global economy is gripping markets, pushing traders back into havens such as core government bonds and the yen Original post by FeedZilla

SACU purchases manufactured home lender

Mon, 30 Aug 2010 23:09:53 +0000

San Antonio Federal Credit Union (SACU) has acquired Mountainside Financial (MSF) - the largest broker for manufactured home lending in the United States. Original post by FeedZilla

BBVA Compass adds two to local wealth management team

Mon, 30 Aug 2010 22:49:14 +0000

BBVA Compass has beefed up its local wealth management team in the wake of losing four executives to another local financial institution. Original post by FeedZilla

Feds bar Sacramento tax planner for life

Mon, 30 Aug 2010 22:47:51 +0000

The U.S. Department of Justice has barred Sacramento tax planner Chris Elmer from ever again preparing federal tax returns for others. Original post by FeedZilla

Harris Corp. Hikes Dividend

Mon, 30 Aug 2010 22:10:00 +0000

Company declares quarterly dividend of 25 cents per share, an increase of about 14%. Original post by FeedZilla