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A Tax on Forex Trading?
On June 1, the Forex Blog reported that Brazil is considering a forex tax on capital inflows as a way of discourage the inflow of speculative capital that is causing the Real to appreciate. It turns out that Brazil is not alone; England and France, among others, are also mulling taxes on forex transactions. Their [...]
Forex Blog

Global Markets in Review: Up and Down Markets
Prieur du Plessis submits: Ups and downs on financial markets were plentiful during the past week, but investor sentiment, on balance, brightened on the back of constructive financial and economic data - capped by a better-than-expected US non-farm payrolls report on Friday. “It appears that the global economy has finally found the ripcord,” said Rebecca Wilder (News N Economics) in her weekly review of global economic reports.Complete Story »
Seeking Alpha

Doha exchange recovers
The Doha Securities Market (DSM) almost regained what it lost on Thursday, closing 0.91% higher at 7,376.81 points. Reports that Qatar Navigation and Qatar Shipping (Q-Ship) will conclude their merger talks in six months, pushed both shares higher by 3.28% and 4.85%, respectively. Volumes edged higher to some 32m shares and only three stocks declined at the DSM.
Market Watch

June 5, 2009 Stock Market Recap
It was another good week for the bulls. Despite the various overbought indicators the sellers just can't seem to do any serious damage. Many people, myself included, thought that Friday's jobs report would provide the fuel for a significant move...
tradermike.net

Toyota plans major production cost cuts
+0.20% ) plans to cut 100 billion yen in production cuts for compact and subcompact models by 2012, the Nikkei business daily reported on Sunday. The move aims to accelerate consolidation of parts a...
India Gazette

British Airways pilots may take pay cut
LONDON (Reuters) - Pilots at British Airways could take an unprecedented voluntary pay cut following talks this week on a number of cost-saving measures, the Sunday Times reported, citing industry sou...
Big News Network

Ex-HBOS CEO in talks for Boots job
LONDON (Reuters) - Former HBOS chief executive Andy Hornby has been in talks to become CEO of Alliance Boots, the Sunday Telegraph and Sunday Times reported.
Big News Network

Dubai market rally continues
Despite a weak start of the Saudi bourse yesterday, the Dubai Financial Market continiued to post gains, defending its breakthrough above 2,00 points last week. The DFM General Index closed 2.36% higher at 2,073 points mainly carried by real estate bellwether Emaar (up 1.27%), Sharia-compliant developper Deyaar (7.59% higher) and Union Properties (gaining 7.45%). Real estate contractor Drake & Scull (up 1.1%) has obtained Emirates Securities and Commodities Authority approval to buy back up to 10% of its shares, as EFG Hermes reports. Investors sold shares of Kuwait-based Global Investment House (7.73% lower). High trading volumes of more than 1.4m shares however indicate also a slight overheating of the rebound rally.
Market Watch

Setanta could be forced into administration
Cash-strapped sports broadcaster Setanta could be forced into administration this week after failing to make payments due on TV rights, reports said today. Deloitte is on standby to act as administra...
Big News Network

JUNE 8 - PROST ICKS ICH IMOKU FOREX TECHN ICAL REPORT FOR EUR, GBP ... - ForexTV.com
JUNE 8 - PROST ICKS ICH IMOKU FOREX TECHN ICAL REPORT FOR EUR, GBP ...ForexTV.com, NYFriday's low was right at our stop level at 1.3930 and our long position was stopped out for profit. Daily closed with upper extreme tail at 1.4220 , weekly bearish reversal capped by kumo upper band made us believe that market shall retrace deeper. ...
Info 5000

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