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News & Updates

January 29, 2015 Dollar Rises on Fed Outlook Amid Global Easing; Aussie Declines

Source: Bloomberg Business

A gauge of the dollar headed for the highest close on record amid speculation the Federal Reserve is the only developed-nation’s central bank considering raising interest rates this year.

January 29, 2015 Fed upbeat on U.S. economy, cites strong job gains

Source: Reuters

The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year.

January 29, 2015 Greece's New Leader Vows to Avert Fatal Clash With Creditors; Greek Markets Sink Further

Source: Bloomberg Business

Greek Prime Minister Alexis Tsipras and his finance chief pledged to avoid a standoff with creditors as stock and bond markets tumbled on the prospect of a prolonged fight with fellow European governments.

January 28, 2015 What’s Behind U.S. Plan to Open Atlantic to Offshore Drilling?

Source: National Geographic

The Atlantic coast of the United States could be opened up to oil and natural gas drilling for the first time, under a proposal the Obama administration announced Tuesday, although there's uncertainty about just how much energy...

January 28, 2015 iPhone sales trample expectations as profit sets global record

Source: Reuters

Apple Inc (AAPL.O) quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in...

January 28, 2015 Gold, silver prices to trade higher; base metals lower in coming fortnight

Source: Business Today

The global equity markets went into turmoil initially, owing to uncertainty regarding the European Central Bank's (ECB's) decision on monetary stimulus and Greece's elections, coupled with the Swiss National Bank's (SNB's)...

January 28, 2015 Dollar climbs, but caution reigns before Fed statement

Source: Economic Times

LONDON: The dollar rose against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, on expectations the Federal Reserve is unlikely to deliver significant changes to its policy outlook.

January 28, 2015 European Stocks Fall Following Greek Selloff

Wall Street Journal - The îStoxxî Europe 600 index was 0.1% lower midway through the session, after an upbeat tone after a strong finish to Tuesdayâs U.S. session faded. Germanyâs DAX was 0.2% lower,...

January 28, 2015 You love a strong dollar and cheap oil. But they’re bringing big companies down

Source: Washington Post

Oil is cheap, the dollar is strong, Americans are happy — and the business world is peeved. Stocks plummeted Tuesday amid a blizzard of big-name disappointments from stalwarts like Microsoft, Procter & Gamble and Caterpillar,...

January 28, 2015 Consumer Confidence in U.S. Rises More Than Forecast on Jobs

Source: Bloomberg

Consumer confidence rose more than forecast in January to the highest level since August 2007 as Americans took heart in an improving labor market and prospects for higher earnings.

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