GERMANY

Good morning dear traders, yesterday was not my favourite trading day. In the beginning there have been some nice trading chances in EURUSD, however later we landed in a sideways range, whereas losses have been forecasted.

World stocks remained troubled by worries over Greek debt on Tuesday after Germany demanded new austerity measures, offsetting strong U.S. earnings, and driving down the euro on contagion fears.

The euro slipped on Tuesday after Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, with investors likely set to push high risk European sovereign bond yields up further.

The euro slid on Tuesday as Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, while Asian stocks fell as investors took profits in sectors that have been outperforming in recent weeks.

The Australian Dollar moved marginally higher yesterday and gradually worked its way towards 0.9280.

Germany said on Monday it could offer aid for Greece within days if it agreed to painful new austerity measures, but rescue jitters pushed the cost of insuring against a Greek debt default to a record high.

Germany set tough terms on Monday for Greece to secure emergency aid, increasing uncertainty over a financial rescue that pushed the cost of insuring against a Greek debt default to a record high.

Germany called on Monday for a financial rescue to be ready for Greece by a May 19 debt deadline after uncertainty over the terms and implementation of the aid package pushed Athens' borrowing costs up to a 12-year high.

German carmaker Volkswagen will build two new plants in China as part of a 1.6 billion euro ($2.15 billion) expansion plan to capture growth in the world's most dynamic auto market.

Uncertainty over an aid package for Greece pushed up its borrowing costs to a 12-year high on Monday, with demands from Germany for further austerity measures before aid is granted heightening the tension.

The euro stabilized on Monday and Asian share markets rose after Greece requested emergency aid and as a raft of U.S. data showed its economic recovery was gathering strength.

German Chancellor Angela Merkel's ruling coalition will back Greek aid because the euro's future is at stake, but Greece must first prove it is tackling its budget deficit, a senior official in her party said.

China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.

Greece's finance minister said on Sunday that aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.

Greece's finance minister said Sunday aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.

Germany's E.ON , the world's largest utility by sales, has shortlisted three bidders for the multi-billion euro sale of its U.S. business, three people with knowledge of the matter said.

Greece's finance minister said on Sunday aid would arrive fast enough to avert a debt default as signs grew that a 45 billion euro ($60.49 billion) rescue package would have to be increased.

Canada said on Sunday it expected a 45 billion euro ($60.49 billion) rescue package for Greece to grow in size as doubts emerged over whether the joint EU-IMF aid would be enough to avert a default.

European heavyweights Germany and France vowed on Sunday to take a hard line with Greece in exchange for financial support as doubts emerged over whether a 45 billion euro ($60.2 billion) aid package was sufficient to prevent a default.

Germany will aid Greece in defense of Europe's shared currency if Athens enforces austerity measures, Foreign Minister Guido Westerwelle said on Sunday, in a speech also calling for tighter EU budget rules.

Greece must agree to tough new austerity measures before it receives any financial aid from the European Union and failure to do so would endanger such support, German Finance Minister Wolfgang Schaeuble told a newspaper.