News

News

Key Themes for 2008 - What do Economists Expect for the New Year?2008 promises to be another interesting year. With significant variance in the range of forecasts on offer and fast changing perceptions of risk, financial markets could be in for a prolonged period of volatility. Key themes for 2008 include, have central banks averted a massive rise in corporate defaults or will further cash injections be […]December 24th, 2007 Posted in News No CommentsIs the Dollar Rally Over?After holding onto its gains for the past week, the US dollar finally came under pressure today, It fell against the Euro, the Japanese Yen, the Australian, New Zealand and Canadian dollars. The only currency it did not drop against was the Japanese Yen, which benefitted from overall carry trade demand. Does this mean that […]December 23rd, 2007 Posted in News No CommentsDollar Steady Against Pound, EuroU.S. dollar gained against other currencies today, showing a significant change in GBP/USD, along with a little less strong appreciation in EUR/USD. As no important positive data was released for USD, this growth may be accounted to the inertial buying of dollar and position closing on the previous good news and the loss of interest […]December 22nd, 2007 Posted in News No CommentsSingapore to spend 1.4 billion US dollars to expand portSingapore is set to spend two billion dollars (1.41 billion US) to increase its port’s annual capacity by about 40 percent, a newspaper reported Saturday.The project is scheduled for completion by 2013 and is expected to allow Singapore’s port to handle higher volumes from increased global trade, the Straits Times reported.The expansion will add 16 […]