Expiry of Tax Credit Pushes New Home Sales to 47-Year Low
With the expiration of a tax credit for new home purchases, the sale of new homes fell a record 32.7...
Weaker Than Expected US Home Sales Sends Stocks Lower
An unexpected drop in US existing home sales, sent global stock markets and oil prices lower Wednesd...
G20 Memo Says “No Room for Complacency”
A leaked memo for the Group of 20 meeting in Toronto this weekend, says there is "no room for compla...
Soros Says Germany’s Budget Threatens Euro
George Soros has called Germany's plan to realize 80 billion euros (US$107 billion) in spending cuts...
Bernanke fears encourage risk aversion
Optimism over the possible appreciation of the Yuan fading, and the ongoing concerns of the European...
German Business Confidence on the Rise
Defying most predictions, the German business index jumped to a two-year high in June, increasing to...
Yen Gains as Fear Grow for European Banks
The yen had its biggest single-day gain in over two weeks Monday, as investors fretted over the poss...
Osbourne Unveils “Tough But Fair” UK Budget
Highlights of the new UK budget unveiled yesterday by Chancellor George Osborne, include an increase...
EUR appetite lost
So we are back to trading risk aversion. The Chinese gesture of loosening their peg status and tryin...
Corporate Bond Sales Gaining
As worries over the European debt crisis subside somewhat, investors are turning again to corporate ...
China’s Willingness to Allow Yuan to Appreciate Boosts Markets
China's confirmation that it will allow the yuan to appreciate against the dollar sent global stock ...
China’s reval smokescreen for G8
Should we really be that surprised of China’s decision to allow greater flexibility...
Oil Prices Lower on Profit-Taking
Global oil prices opened lower today as investors claimed profits after a week of gains. New York's ...
Canadian Unemployment Recipients Unchanged
Statistics Canada announced today that the number of Canadian receiving unemployment benefits in Apr...
Biden Calls for Continued Stimulus Spending
In yesterday's White House briefing, US Vice President Joe Biden called for continued stimulus spend...