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WORLD FOREX: Euro Up Vs Yen As Speculators Adjust Positions - Wall Street Journal MaktoobWORLD FOREX: Euro Up Vs Yen As Speculators Adjust PositionsWall Street JournalBy Miho Nakauchi Of DOW JONES NEWSW IRES TOKYO (Dow Jones)--The euro rose against the yen in Asia Thursday as speculators bought back the single currency to lock in gains, but it may face downward pressure ahead of the European Central Bank's planned ...FOREX-dollar firms as US bank plan optimism wanes ReutersWORLD FOREX:Euro Recovers Tad Vs Yen,Dlr, But Upside Limited Wall Street JournalFOREX-Dollar up on US bank plan; investors see US recovery ReutersReutersall 193 news articles Info 5000Commercial Property Faces Crisis Commercial real-estate loans are souring at an accelerating pace, threatening to exceed the commercial downturn of the early 1990s. Real Estate JournalLiquor is quicker For the Election Commission (EC), the sale of liquor appears okay but it doesnt feel the same way about timber. The poll panel has stalled the Chhattisgarhs state governments planned auction of timber since the model code of conduct has come into effect in the state. It has, however, granted the states excise department permission to go ahead with its plan to auction liquor shops in the state. according to BK Sinha, the states chief conservator of forests, the decision to halt the timber sales could result in damage to timber more than Rs 12 crore lying in the states depots. The timber merchants association of the state adds that more than 1,400 saw mills in the state will also face a severe raw material crisis if the sales are halted. While the timber traders are crying foul, the states liquor lobby has reasons to celebrate. Business StandardConsolidation in Turkey - The Economist The ruling party is set to strengthen its position in Turkey The conservative Justice and Development Party (AKP) led by Prime Minister Recep Tayyip Erdogan looks set to tighten its grip on local government in the municipal elections on March 29th. But more decisive action and less grandstanding will be needed after the vote to enable the government to tackle the tough challenges facing the Turkish economy. Since the end of July 2008 when the Constitutional Court found the AKP guilty of having become a focus of anti-secularist activity, but narrowly decided not to close the AKP and ban most of its leading members from party politics, Mr Erdogan's main focus has been ensuring that the local elections which take place this weekend consolidate ... NewsRackGerman consumer confidence eases in face of slumping economy - Earth Times Berlin - German consumer confidence has slipped as the global economic uncertainty deepens, a survey released Thursday showed. The Nuremberg-based GfK marketing institute said its forward- looking consumer confidence index came in at 2.4 points in Ap... NewsRackHigh Arctic Announces 2008 Year End Results RED DEER, ALBERTA--(Marketwire - March 25, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWHigh Arctic Energy Services Inc. (TSX:HWO) ('High Arctic' or the 'Corporation') today announced its results for the year ended December 31, 2008.Commenting on the results, Michael Binnion, chairman of the Board, said, 'We are very pleased with the progress made during 2008 in terms of the financial restructuring process and in restoring the operating profitability. We were fortunate to have started the process early in 2008 while the market for equipment was still buoyant. The industry is facing significant headwinds for 2009 and High Arctic is taking proactive steps to reduce its costs to remain competitive. I remain confident that we can continue to reduce our debt levels during 2009 through further sales of underperforming assets, positionin Market WireIn Defense of AIG Bonuses No, I’m not flip-flopping. I just wanted to make sure you heard a defense from a bonus recipient of american International Group.In a letter to the CEO of AIG, also published in the New York Times, Jake DeSantis, executive vice president of AIG’s financial products unit, submits his resignation. It’s well-written and puts a personal face on AIG employees recently vilified [...] Employment Law PostHSBC says 1,200 workers face axe Europe's biggest bank HSBC says 1,200 of its staff in the UK could face redundancy, though unions say the actual number is 2,900. BBCFed to Safeguard Financial System, Says Fed Governor Duke The U.S. banking system is facing "serious challenges", but the Federal Reserve will continue "to ensure that the banking system remains safe and sound and is able to meet the credit needs of our economy," Fed Governor Elizabeth Duke...(read more) Mortgage NewsWestern Asset cuts 10 percent of workforce NEW YORK (Reuters) - Money manager Legg Mason's Western Asset Management, one of the world's biggest fixed income managers, will cut 10 percent of its staff as it faces shrinking assets, the company said on Tuesday. Reuters1 2 3 |
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