New Shar'iah Charity Fund: Underwriting Radical Islam?

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

OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data

By: azhar12

Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...

9 days 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

European Union Unemployment Rate Reaches 9.6 Percent

By: StockMarketsAnalysis

The Euro was dragged lower today as the Euro Zone reached a 9.6 percent unemployment rate. This marks a 10 year high for unemployment for the European Union. The Dollar managed to rally modestly against the Euro but not as much against other currencies worldwide.

about 1 month ago