World News

World News

By admin • May 18th, 2011

Credit-rating agencies will have to disclose more details about their ratings process and better manage conflicts of interest under rules unveiled on Wednesday that are expected to lightly touch industry practices
The proposals are all required by the Dodd-Frank Wall Street overhaul law in an effort to hold the firms such as Moody’s Corp, McGraw Hill’s, [...]

The Japanese yen erased some of its previous session's profits across the board on Wednesday morning in New York. As of 10:10 am ET, the yen traded lower at 81.49 against the US dollar, 83.66 versus the Canadian dollar, 92.24 against the Swiss franc, 115.86 against the euro, 131.53 against the pound, 64.26 against the [...]

Chile's economy grew at a robust pace in the first quarter led by investment and domestic demand, data released by the central bank showed Wednesday.
Gross domestic product increased 9.8 percent year-on-year, after rising 5.8 percent in the previous quarter. The figure was in line with expectations. The economy expanded for the sixth consecutive quarter. [...]

Finland’s PM in waiting Jyrki Katainen told reports that concept of “soft restructuring “could come up in consideration but it is not going to solve Greek problems

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The Japanese yen erased some of its previous session's profits across the board on Wednesday morning in New York. As of 10:10 am ET, the yen traded higher at 81.49 against the US dollar, 83.66 versus the Canadian dollar, 92.24 against the Swiss franc, 115.86 against the euro, 131.53 against the pound, 64.26 against the [...]

US NYMEX crude futures was up $1.82 at $98.73 per barrel before EIA inventory data at 1430 GMT
It also got support from yesterdays drawdown in gasoline and distillate stockpiles in API data

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Russia’s consumer prices rose 0.1 pct in the week to May 16, retaining the same pace as in the previous period, the Federal Statistics Service said 
This brings inflation since the start of the month to 0.3 pct
Since the start of the year consumer prices have risen 4.5 pct, compared with 3.7 pct in the corresponding [...]

At 1232 GMT, the Canadian dollar wasat C$0.9742 to the US dollar, or $1.0265, down from Tuesday’sNorth American session end at C$0.9726 to the US dollar, or $1.0282

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S&P 500 futures rose 1.4 points and were about even with fair value
Dow Jones industrial average futures rose 11 points while Nasdaq 100 futures fell 1.5 points

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The euro fell to $1.4195, continuing a pullback that began after it hit technical resistance overnight just shy of $1.4290, its 55-day moving average against the dollar

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Wall St opened flat as caution before a Fed announcement was balanced against gains by computer maker Dell and a rebound in commodity prices
The Dow Jones industrial average dropped 12.57 points, or 0.10 pct, to 12,467.01
The Standard & Poor’s 500 Index shed 0.62 point, or 0.05 pct, to 1,328.36
The Nasdaq Composite Index lost 1.28 points, [...]

The Bulgarian govt approved a long-delayed bill allowing widespread confiscation of illegally obtained assets, a move seen as a powerful weapon against organised crime and corruption
The law, which has still to be passed by the parliament, will allow the state Commission for Establishing of Property Acquired from Criminal Activity to launch its own investigations of [...]

The Bulgarian govt approved a long-delayed bill allowing widespread confiscation of illegally obtained assets, a move seen as a powerful weapon against organised crime and corruption
The law, which has still to be passed by the parliament, will allow the state Commission for Establishing of Property Acquired from Criminal Activity to launch its own investigations of [...]

Malaysia's economic growth continued to slow for the fourth straight quarter, while inflation accelerated.
The country's central bank today announced measures to liberalize overseas investment, inter-company loans and foreign currency trade financing facilities obtained by residents. The measures are aimed at raising business efficiency and competitiveness of the economy, the bank said.
The real GDP [...]

Unemployment in Portugal remained high in the first quarter, data released by Statistics Portugal showed Wednesday.
The agency said that starting the first quarter of 2011 it has adopted a new methodology for collection of employment data.
The jobless rate for the first quarter came in at 12.4 percent. In the fourth quarter, the unemployment [...]

Wall St opened flat as caution before a Fed announcement was balanced against gains by computer maker Dell and a rebound in commodity prices
The Dow Jones industrial average dropped 12.57 points, or 0.10 pct, to 12,467.01
The Standard & Poor’s 500 Index shed 0.62 point, or 0.05 pct, to 1,328.36
The Nasdaq Composite Index lost 1.28 points, [...]

The euro gained on the broadly weaker sterling as the International Monetary Fund warned Greece it will need to make deeper budget cuts in exchange for further aid.
The IMF, with its leader Dominique Strauss-Kahn in jail in New York on sex assault charges, is urging Athens to adopt new reforms in the coming months. [...]

NEW YORK: US stocks rose on Tuesday after encouraging earnings from healthcare and materials companies and unexpected strength in housing, but weakness in technology and banks tempered gains.
Johnson & Johnson rose 2.4 percent and was the top percentage gainer on the Dow after it reported a first-quarter profit that beat expectations, fueled by higher prescription [...]

London, Sep 20 (ANI): British intelligence agency MI5 has hired many teenage hackers for its new secret operation to combat cyber terrorism.

At least 50 new computer-savvy hackers, including many teenagers, have been roped in the newly formed Cyber Operations Command, and they had to sign the Official Secrets Act, the Sunday Express reports.

The [...]

Jerusalem, Sep 20 (ANI): In an effort to renew the peace process in the Middle East, President Barack Obama will host a tripartite meeting with Israeli Prime Minister Binyamin Netanyahu and Palestinian Authority President Mahmoud Abbas on Tuesday.
White House press secretary Robert Gibbs said the meeting would take place after Obama meets separately with each [...]