Archive for July, 2007

Weekly Outlook: Yen Volatility to Increase

Saturday, July 7th, 2007

Action Insight | Written by ActionForex.com | May 19 07 18:55 GMT |
Forex Weekly Review and Outlook Yen Volatility to Increase
Dollar generally strengthened last week despite mixed data out of US, except versus the stella performance Canadian dollar which broke 30 year high on a string of strong data. Sterling continued to be […]

US lending shockwave hits the UK

Saturday, July 7th, 2007

Losses and write-offs at the group, which had several portfolios of US mortgages, came to 45m for the year to March and 66m in the final quarter.
Its manager, hedge fund group Cheyne Capital, has seen its 44% holding in QWI slashed in value. Many UK funds are listed as investors, including Scottish Widows, , […]

Molly would be like other 'promiscuous' Scots, says lawyer

Saturday, July 7th, 2007

PAKISTANI lawyers representing the father of the runaway schoolgirl Molly Campbell have said that she would “soon be like any Scottish girl” in a culture that “condones sexual promiscuity” if she were to return to this country.
Dr Abdul Basit, speaking in a BBC documentary on Molly, who last August left her mother, Louise Campbell, […]

International Power stoked by home fires

Saturday, July 7th, 2007

The company admitted the ’spread’ between what it is paying for coal and gas and the amount it is selling electricity for in the UK widened over the winter when consumer groups were railing against household power suppliers for refusing to drop their prices.
International Power accounts for around 7% of the UK’s power production […]

China Increases Yuan Trading Band

Saturday, July 7th, 2007

In a sop to western policymakers, China recently announced that it would widen the Chinese Yuans daily trading band, from .3% to .5%. In theory, this means the Yuan will now be permitted to fluctuate by up to .5% per day against the USD. In practice, however, the Yuans daily rate of appreciation probably wont […]