Interest Rate News
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BERLIN - The euro recovered some of its strength against the U.S. dollar Wednesday, rebounding from a three-week low and crossing $1.36 in early afternoon European trading.
Source: finance.sympatico.msn.ca
German Unemployment, European Price Plunge May Force ECB Cut
Jan. 7 (Bloomberg) -- German unemployment rose for the first time in almost three years and European factory-gate prices plunged the most since 1981, increasing pressure on the European Central Bank to cut interest rates next week.
Source: bloomberg.com
Marathon Announces Natural Gas Discovery in New Area of Oklahoma's Woodford Shale Resource Play
As part of the Company's targeted expansion into key resource plays of North America, Marathon Oil Corporation announced today that it has participated in a successful step-out discovery well on the Brickyard prospect, located in the northeast area of the Anadarko Basin, targeting the Woodford Shale resource play in Canadian County, Oklahoma.
Source: biz.yahoo.com
Record U.K. Gilt Sales Raise Risk of Auction Failure
Jan. 7 (Bloomberg) -- Britain may overwhelm bond investors with a record number of quarterly debt sales, risking the first failed auctions since 2002 as the economy sinks into the worst recession since World War II.
Source: bloomberg.com
Good, bad and ugly ways to raise some quick cash
If you thought things were getting tight last month, get ready for the big squeeze. While I would love to start 2009 with some rosy predictions, one theme sticks in my mind: Cash will never be more important. You need to find it, save it and use it as your cushion in what will be another rocky year.
Source: business-standard.com
ATF arrests former Auburn punter Tommy Lunceford Jr. in Gulf Shores arson investigation
Federal agents on Tuesday evening arrested former Auburn University punter Tommy Lunceford Jr. on charges that he burned down his restaurant building in Gulf Shores for insurance money and then tried to intimidate law enforcement investigators. Agents from the Bureau...
Source: blog.al.com
Basel panel for focus on stress testing
Committee suggests forward-looking risk assessment by banks to avoid financial crisis in future.
Source: business-standard.com
US, European interbank lending rates ease further
The cost of three-month loans between banks fell further Wednesday ahead of key interest rate decisions and some signs that confidence was returning, albeit slowly, to markets.
Source: news.yahoo.com
UK To Spend GBP140 Million To Boost Apprenticeships Amid Downturn
LONDON -(Dow Jones)- The U.K. government said Wednesday that it will spend an extra GBP140 million in the next financial year on supporting apprenticeships, part of gathering government efforts to cushion the impact of the recession.
Source: fxstreet.com
Market movers 01/07/09
NEW YORK — Wall Street brushed off more bad economic news Tuesday and finished with a rally that left stocks at their highest levels in two months.
Source: northjersey.com










