May 14, 2013 1:19 pm
Lehman brothers, the ex-global financial service firm stated their view of what caused the financial crisis in 2008. Lehman set off the so called avalanche of bankruptcy in US, bringing a crisis on a worldwide scale. Lehman now says it was misled by scores of nonprofit organizations. Just before the financial crisis Wall street banks […]
Read moreMay 14, 2013 9:23 am
OPEC will barely have to raise oil output in the next five years as U.S. shale oil is planned to meet most of the new worldwide demand, even if the global economy picks up the pace, the Wests energy agency said on Tuesday. According to the International Energy Agency, which analyses global oil supply and […]
Read moreMay 14, 2013 8:26 am
After 3 days of lowering prices, which dropped to $1,434.15 an ounce on May 13th, gold regained strength today after luring some buyers, discouraged by the weakening of the greenback. That is the biggest intraday gain since then. Following the biggest drop in 33 years on April 15, gold has been steadily increasing its value […]
Read moreMay 13, 2013 2:35 pm
Bank of France has suggested, that Eurozones second economy is going to expand during Q2, as the major indicator, evaluating the business confidence in the countrys industrial segment has improved. The central banks forecast envisions that Frances economy is going to expand by 0.1%. The business confidence in industry has increased up to 94 points […]
Read moreMay 12, 2013 6:51 pm
Employment change is one of the most certain indicators which can be used to determine the movement of currency couples. In this case we are talking about the USD/CAD couple which is greatly influenced by the Unemployment Rate and Employment Change in Canada. The latest figures were released in April and showed a drop of […]
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