• iPhone 5 Release Date Sees Launch Of 5 New Apple Stores Around The Globe

    To celebrate the release date of the all-new iPhone 5 this Friday, Apple will also open five brand-new retail stores that very day in five different countries, including cities in Spain, France, Italy, and Germany. Apple will begin selling the iPhone 5 at 8 a.m. sharp local time in all 390 of its worldwide stores, but five of those stores will be opening their doors for the very first time. Here's a little bit about each of the five Apple Stores set to open later this week. iPhone 5 Release D...
  • Euro zone crisis biggest threat to global economy: OECD

    Four Signs The Global Economy Is Slowing

    FedEx's forecast cut, signs of stagnation in Germany, drops in oil price and looming political tensions spell trouble for the global economy.
  • Ford Motor Co.'s Emblem

    Germany's Weakness Sinks Europe's August Car Sales

    Car sales fell 8.9 percent in Europe in August, with Germany's activity dropping 4.7 percent, according to the European Automobile Manufacturers' Association. Ford Motor Co. (NYSE:F) had the worst month, with a nearly one-third drop in sales.
  • Ashton And Jalili

    Will Tehran Talk? Ashton, Jalili To Discuss Iranian Nuclear Development

    The Iranian nuclear technology dance continued Tuesday as EU foreign affairs chief Ashton met with Iranian National Security Council Secretary Jalili.
  • Uncertainty Heightened as Fitch's Warns of Downgrading Japanese Firms

    European shares opened lower on Tuesday as investors concerned about the progress of the European bank union and intensified tensions between China and Japan over territory dispute. Fitch Ratings warned that it might downgrade ratings of Japan's auto and tech companies if tensions prolonged. This is expected to affect the outlook of the world's third largest economy which heavily depends of exports of auto and technological products. In the commodity sector, crude oil prices eased a tad wi...
  • Lenovo To Acquire Stoneware; Computer Hardware Manufacturer Ventures Into Cloud Computing

    The second largest computer manufacturer in the world, Lenovo Group Ltd (0992) has decided to acquire a U.S.-based software company Stoneware Inc that marks its venture into Cloud Computing, the Wall Street Journal has reported.
  • Investors Turn Cautious as Uncertainties Remain in the Eurozone

    Crude oil prices slumped on Monday on profit-taking. The surprising decline of almost US$5 in just a few minutes on very high volume triggered the CFTC to investigate the case with the CME. The front-month contract for WTI crude oil slipped to as low as 94.65 before ending the day at 96.62, down -2.40%, while the equivalent Brent crude contract plunged to a 6-week low of 111.5 before settling at 113.79, down -2.66%. Gold also faced profit-taking and USD's recovery, sending the Comex benchmark...
  • Majors Daily Forecast 18 September 2012

    EUR/USD Sell at 1.3113 SL 1.3145 TP 1.3036 USD/JPY Buy at 78.55 SL 78.23 TP 79.27 GBP/USD Sell at 1.6256 SL 1.6288 TP 1.6168 USD/CHF Buy at 0.9254 SL 0.9222 TP 0.9338 today so far +45, total yesterday +82 pips
  • Apple iPhone 5S Release Date Rumors

    Apple iPhone 5 Preorders Hit 2M, Shares Touch $700

    Apple Inc booked orders for over two million iPhone 5 models in the first 24 hours, reflecting a higher-than-expected demand for the consumer device giant's new smartphone and setting it up for a strong holiday quarter.
  • EUR/USD Hangs Under 4 Month High

    On Monday Euro/Dollar traded within 90 pip range. The European currency appreciated from 1.3082 to 1.3172 yesterday, matching the positive money flow sentiment at nearly 23%, closing the day at 1.3114. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now. On the 1 hour chart the upward channel has slowed down, while on the 3 hour chart the upward channel is intact. Break above the nearest resistance and yesterday's top at 1.3172 may trig...
  • Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and RMB

    The dollar this morning, with the dollar index remaining below the key 80.0 level for a fifth?straight day. While stocks and commodities have begun the week in the red as investors remain skeptical about the health of the US economic recovery, the Fed's plan to buy mortgage?backed securities and far?dated Treasuries is sapping demand for the dollar's relative safety. However, the initial negative impact of QE3 on the dollar may be already be lessening as the ongoing debt crisis in Europe ...
  • Euro sign

    Majority Of French Would Not Vote For Euro Today, But Don't Want To Switch Back To Franc Either

    A French polling group found that 64 percent of France would vote against switching to the euro currency if the referendum were held today, but also are against moving back to the franc.
  • Merkel And Netanyahu

    Iran's Nuclear Progress In Dispute: Merkel Refutes Netanyahu's Call For Preemptive Strike

    What are Iran's nuclear capabilities at present, and is a preemptive military strike necessary? A difference of opinion between German Chancellor Angela Merkel and Israeli Prime Minister Benjamin Netanyahu show that major world powers are at odds over these pivotal issues.
  • Freemium Rush: Free-To-Play Gaming Now Makes Up More Than Half Of European Market, But Packaged Video Games Still Drive Eurozone Revenue [REPORT]

    Freemium video games like "FarmVille 2" and "Angry Birds," the cheap and easily accessible counterpart to premium boxed copies of "Skyrim" or "Call of Duty" that run players upwards of $50 or $60 a sale, now make up more than half of the total market for video games in Europe, a new study shows.
  • The Energy Report - Morally Hazardous

    In the aftermath of all of the market euphoria after QE 3D It seems that already governments are using the stimulus as an excuse to not face the tough questions that really face them. While it was not likely ahead of a major Presidential in the United States it was not likely that congress would have all of a sudden found fiscal religion it seems that in China and Europe they are using QE 3D as an excuse to not make the hard choices that deep down everyone knows that eventually we will have to ...
  • US Housing Starts

    Fed Speakers, Housing Data, Manufacturing PMI: Economic Events For Sept. 17-21

    The continued weakness of the global economy will probably leave the two regional manufacturing PMI (Empire State and Philly Fed) and the national Markit PMI at low levels in September. Meanwhile, economists expect August?s data on housing starts and existing home sales to show that the housing recovery remains intact.
  • Japan Seeks To Phase Out Nuclear Power, But Some Are Skeptical

    Following the historic disaster at Fukushima nuclear power plant last year, the Japanese government is poised to completely shift its energy policy by phasing out its dependence on atomic energy by the 2030s.
  • Daily Summary on USD, EUR, GBP, JPY, AUD and CAD

    The dollar is weaker against all of its major counterparts other than the JPY a day after the Fed announced the surprising start of QE3. Despite the relative outperformance of the US economy, Bernanke and the other Fed policymakers were clearly fed up with the painfully slow pace of recovery and persistently high unemployment. Unlike the first two bouts of quantitative easing, QE3 has no set end date. Rather, the plan is for the Fed to buy up to $40B in mortgage backed securities and Treasury bo...
  • The Week Ahead: Central Banks to the rescue

    QE3 and its impact on the dollar - The ECB as the Svengali of the markets - The yen falls sharply post the Fed
  • Apple iPhone 5 Pre-Orders Delayed Two Weeks From Release Date: Is Online Ordering Worth The Price Of Waiting?

    One hour after pre-orders for the new iPhone 5 went live on Apple's website Friday morning, shipping estimates from the online Apple Store have already been delayed to two weeks for customers in the US, UK, Germany, Canada and Australia. Currently, any new iPhone 5 purchases will likely be shipped and delivered two weeks after the iPhone 5's actual release date on Sept. 21, by Friday, Oct. 5.