MARKETS / FINANCE

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Obama to renominate Bernanke as Fed chief

U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday, seeking to keep him in place to steer the world's largest economy out of its deepest downturn since the Great Depression.
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Yen gains as stocks struggle, euro on back foot

The yen rose broadly on Tuesday, advancing in particular against the euro and sterling as a retreat in European shares from a 10-month high the previous day undermined demand for currencies considered to be high-risk.
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Obama to tap Bernanke for second term as Fed chief

U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve Tuesday, keeping him on the job of guiding the world's largest economy out of its deepest downturn since the Great Depression.
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Federal Reserve loses suit demanding transparency

A federal judge on Monday ruled against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs as the global credit crisis began to intensify.
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Obama to name Bernanke to 2nd term as Fed chief

U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday as the economy shows signs of recovery, a senior administration official said on Monday.
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Obama to reappoint Bernanke to lead Fed

U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.
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OBV - On-Balance Volume

Chartists employ a two-dimensional approach to market analysis that includes a study of price and volume. Of the two, price is the more important. However, volume provides important secondary confirmation of the price action on the chart and often gives advance warning of an impending shift in trend. Volume is the number of units traded during a given time period, which is usually a day. It is the number of common stock shares traded each day in the stock market. Volume can also be monitored on ...
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Tuesday, 25 August 2009 - Market Commentary

The Aussie dollar followed the local equity market higher during yesterdays early morning session peaking above the 84 cent mark heading into the release of July New Motor Vehicle Sales which was expected to be a non event.
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Prisons Bureau says Madoff does not have cancer

Wall Street super-swindler Bernard Madoff has not been diagnosed with cancer, the Federal Bureau of Prisons said on Monday, knocking down a tabloid report that Madoff was dying of the disease.
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Madoff not diagnosed with cancer: Bureau of Prisons

Wall Street super-swindler Bernard Madoff has not been diagnosed with cancer, the Federal Bureau of Prisons said Monday, knocking down a tabloid report that Madoff told fellow prison inmates that he was dying.
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Bank of Israel raises key rate on inflation worries

Faced with an economy starting to emerge from recession and stubborn prices pressures, Israel's central bank on Monday raised short-term borrowing costs by a quarter-point to 0.75 percent on Monday to rein in inflation.
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U.S. home lender Taylor Bean files for bankruptcy

Taylor, Bean & Whitaker Mortgage Corp filed for Chapter 11 bankruptcy protection and said it may liquidate, three weeks after it closed its mortgage lending business and was suspended by a federal agency.
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Bank of America defends Merrill bonuses

Bank of America Corp mounted an aggressive defense of Merrill Lynch & Co's awarding of $3.6 billion of bonuses last year, as it tries to persuade a federal judge to approve a settlement with the U.S. Securities and Exchange Commission over its own disclosures.
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U.S. payment-card industry grapples with security

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.
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U.S. government to leave Opel choice to GM

The Obama administration pledged on Monday to stay out of General Motors Co's choice of a buyer for its Opel unit in Europe as German union leaders put more pressure on the U.S. automaker to make a decision.
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Payment-card industry grapples with security

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.
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U.S. senator wants broad SEC market review

Senator Ted Kaufman on Monday asked U.S. regulators to undertake a comprehensive review of several questionable developments in the structure of capital markets, the latest lawmaker to weigh in on so-called dark pools, flashes, and high-frequency trading.
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BofA to settle Merrill lawsuit for $150 million

Bank of America Corp has agreed to pay $150 million to settle a class-action lawsuit accusing the former Merrill Lynch & Co of misleading investors in connection with the sale of bonds and preferred stock, court records show.

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