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China Yuan Official Central Parity Rates For Tuesday
Tuesday Monday Usd/cny 6.8358 6.8355 Hkd/cny 0.88132 0.88133 Jpy/cny (per 100 Yen) 6.9003 6.9658 Eur/cny 8.6343 8.6872 Gbp/cny 9.4471 9.6746
Big News Network

WebTech Wireless Inc.: WebTech Wireless Reports 31% Revenue Growth for the Five Month Transition Period Ended December 31, 2008
VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) WebTech Wireless Inc. (TSX: WEW), a leading supplier of location-based and fleet Telematics services, today reported revenue of $11.4 million for the five month transition period and fiscal year ended December 31, 2008 representing a 31% increase over a pro-rated share (5/12ths) of revenues of $20.8 million reported for its twelve month fiscal year ended July 31, 2008.
Market Wire

Elizabeth Warren Says U.S. Foreclosure Rate Threatens Entire Economy
Depression era tent cities formed to house the displaced and were called "Hoovervilles" after then-President Herbert Hoover. (...)
International Property Investment

HSBC shares plunge to 13-year low in HK
Shares in HSBC plunged amid frenetic trading in Hong Kong on Monday to touch a 13-year low, as short sellers tried to profit from the British bank's $17.7bn (£12.6bn) rights issue and rating agency Moody's produced a gloomy outlook
FT

Bailed out banks hurt savers with lower Isa rates
Some of the bailed out banks are hurting savers more than high street lenders as they offer lower ISA rates figures have revealed.
co.uk

The Real Reason Stocks Are Falling
Monday was another down day for the market, with the S&P 500 index falling 1% to another 12-and-a-half-year low of 676.53.There's been a lot of talk lately about the Obama administration and the stock market, some of which I've contributed to. But let's not forget there are strong explanations for the stock market slide beyond politics. The stock market took Friday's dismal jobs report in stride, probably because investors were already expecting nasty data. But it was a terrible report nonetheless. Warren Buffett said Monday that the economy has 'fallen off a cliff.' Economists who studied the report are now lowering estimates for the rest of the year. Like Deutsche Bank's (DB) Joseph LaVorgna. He lowered his estimate for third quarter GDP from zero growth to a 1.5% decline, and fourth quarter from positive 1% to negative 0.5%:The unemployment rate, which we previously expected to rise to 8.7% by year end and peak at 9.2% in Q1 2009, we now see rising to 10% by year end with a
BusinessWeek

BMO Bank of Montreal Decreases Mortgage Rates
< The new rates are: Fixed Rates: To: Change: 6 month fixed convertible 5.20% 0.00% 6 month fixed open 7.00% 0.00% 1 year fixed open 7.45% 0.00% 1 year fixed closed 4.35% -0.15% 2 year fixed cl...
Big News Network

NZ Preview: RBNZ to Scale Back Magnitude of Rate Cuts
(CEP News) - Economists' forecasts are mixed over how large the next rate cut from the Reserve Bank of New Zealand (RBNZ) will be on Thursday (Wednesday night EDT).
Economic News

Will Afghanistan be more secure a year from now?
Guest wrote: ritabacker wrote: Barrack Obama wrote: "If you talk to Gen. [David H.] Petraeus, I think he would argue that part of the success in Iraq involved reaching out to people that we would consider to be Islamic fundamentalists, but who were willing to work with us because they had been completely alienated by the tactics of al-Qaida in Iraq. There may be some comparable opportunities in Afghanistan and the Pakistani region."http://www.suntimes.com/news/1465975,w-barack-obama-taliban-negotiations-030709.article I am shocked that some people could be so completely disrespectful of the President as to rate a direct quote of his with only one star! Why be shocked? You are reading posts on a newspaper with Karl Rove as a columnist. He would do anything to promote republicans. As long as you paid him. Come to think of it, he has a lot in common with the pre-saved mary magdaline. H8rs keep on H8ing.
WSJ.com

Mid-Day Report: USD/CAD Breaks Out on Broad Based Dollar Strength
USD/CAD finally takes out 1.3 key resistance on broad based dollar strength as well as concern of worry on the Canadian economy. Canadian housing starts fell sharply by -12.3% to 134.6k in Feb, the sixth consecutive monthly decline. BoC cut rates by another 50bps to 0.50% last week and expressed...
Action Forex

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