Australian Data Continues to Disappoint

15 years ago

Piling atop recent articles on Australia’s shrinking housing sector, today’s publication of Australian retail sales and its national trade balance…

US Job Cuts Hit 16-Month Peak

15 years ago

Though Automatic Data Processing, Inc.’s (ADP) employment change figures gave cause for optimism today, the Challenger Job Cuts report furrowed…

Euro Higher on Economic Data and SNB Intervention

15 years ago

The euro was stronger across the board as a combination of strong retail sales numbers and SNB intervention to ease…

China Central Bank Halts Foreign Yuan Borrowing

15 years ago

The People's Bank of China announced a ban on mainland-based companies directly borrowing renminbi-denominated loans from foreign banks.  The Bank noted that…

Swiss National Bank Announces Actions Against Strong Swiss franc

15 years ago

The Swiss National Bank (SNB) announced a set of measures designed to stem a sharp acceleration in the Swiss franc (CHF).  The…

SNB Acts and CHF Tumbles

15 years ago

Early this morning the Swiss National Bank said the CHF is “massively overvalued at present,” and began flooding the market…

Parker Sees U.S. Under Negative Credit Watch by November

15 years ago

Aug. 2 (Bloomberg) -- Bob Parker, senior adviser at Credit Suisse Asset Management, discusses the outlook for a U.S. credit-rating…

Bank of Uganda Raises Interest Rate 100bps to 14.00%

15 years ago

The Bank of Uganda raised its new monetary policy interest rate (the central bank rate) by 100 basis points to 14.00% from 13.00%…

The Inside Scoop on Mutual Fund Rip Offs

15 years ago

The bear market that showed up at the end of 2000 has every brokerage house-as well as the entire mutual…

John Taylor Says Dollar to Remain Reserve Currency

15 years ago

Aug. 2 (Bloomberg) -- John Taylor, founder and chief executive officer of FX Concepts, discusses the prospects for the dollar…