Tuesday, October 5, 2010

EU urges faster yuan rise



Ex-trader Kerviel sentenced to 3 years in jail
Reuters
By Lionel Laurent PARIS, Oct 5 (Reuters) - Former Societe Generale (SOGN.PA) trader Jerome Kerviel was sentenced to three years in jail by a Paris court on Tuesday for his role in a trading scandal and ordered to pay the French bank 4.9 billion euros ...
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Germany Opposed To Unconditional IMF Safety Nets
Wall Street Journal
FRANKFURT (Dow Jones)--Germany is opposed to the setting up of 'global financial safety nets' under the aegis of the International Monetary Fund, a Deutsche Bundesbank official said Tuesday. The official told journalists that the mechanisms proposed by ...
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Services sector expands in September: ISM
MarketWatch
By Steve Goldstein, MarketWatch WASHINGTON (MarketWatch) — Activity in the nation's services sector expanded for a ninth straight month during September, Institute for Supply Management data showed Tuesday, with the key employment subindex registering ...
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Gold hits new record after Japan cuts rates
MarketWatch
By Nick Godt, MarketWatch NEW YORK (MarketWatch) — Gold futures jumped to a new record on Tuesday, after the Bank of Japan cut its official lending rate for the first time in nearly two years. The Bank of Japan caught markets by surprise, announcing a ...
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Wall Street Whispers: Foreclosure Freeze Gives Banks Breathing Room
TheStreet.com
By Lauren Tara LaCapra 10/05/10 - 09:18 AM EDT NEW YORK (TheStreet) -- The foreclosure moratorium, part deux, is generating a lot of negative attention that may not be fully deserved. Several major banks have said they will halt foreclosure proceedings ...
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EU urges faster yuan rise
Reuters
A worker checks the authenticity of a yuan banknote at a restaurant in Hefei, Anhui province September 30, 2010. By Marcin Grajewski and Paul Taylor BRUSSELS (Reuters) - Euro area policymakers pressed China on Tuesday for a faster appreciation of its ...
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Reuters
Treasury borrowing needs seen declining
Reuters
WASHINGTON (Reuters) - US Treasury borrowing needs are likely to decline significantly by 2012 as economic recovery from the worst recession in decades takes hold, Assistant Treasury Secretary Mary Miller said on Tuesday. ...
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US hits AmEx with antitrust suit
Washington Post
By Ylan Q. Mui The Justice Department announced Tuesday that it had filed an antitrust suit against American Express for preventing retailers from offering customers discounts for using rival credit cards with lower processing fees. ...
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Saudi Aramco Raises November Prices on All Crude Grades to Asian Customers
Bloomberg
By Anthony DiPaola - Tue Oct 05 13:01:43 GMT 2010 Saudi Aramco, the world's largest state-owned oil company, raised November official selling prices for all crude grades for customers in Asia and on light and medium blends to the US as refining profits ...
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