Financial markets

Angela Merkel to establish conservative coalition

By: ss_salman111

Chancellor Angela Merkel has declared that she will launch a rapid drive to establish a new conservative coalition in talks with Germany's Free Democrats (FDP The first talks between Merkel's Christian Democrats and the FDP will start on Monday just hours after the final results from counting after country's general election were delivered. Mrs ...

2 months ago

Nikkei slumps to 2-month closing low on yen surge

By: dustgeer

Japan's Nikkei average slid 2.5 percent to its lowest close in two months on Monday, as a surge in the yen hit shares of exporters such as Tokyo Electron (8035.T.The yen jumped to an eight-month high against the dollar of 88.23 yen on Monday, putting heavy pressure on the exporter-heavy Nikkei .N225, as a rise in the yen eats into exporters' ...

2 months ago

World Bank head, Robert Zoellick sees U.S. Dollar role as diminishing ...

By: northsunm32

   Even though over the longer term Zoellick is no doubt correct during the stock market decline money flowed into US treasury notes as a safe haven as investors became very risk averse and this in spite of the fact that interest payments were minimal. Now that the stock market is recovering though the dollar is weakening and other ...

about 1 month ago

The forex market uses margins to increase your profits

By: nkbaxi

Forex is a nickname for the foreign exchange, a vast market of trading in which the commodity is money itself. In the forex market, traders are buying and selling foreign currencies -- trading dollars for euros, pounds for yen, and so forth.   Forex is profitable because national currencies fluctuate from day to day based ...

about 1 month ago