IBTimes.com : Top News

GBP/USD Slips To The Low From 18 May

Wed, 23 May 2012 09:35:03 SAST

On Tuesday Pound/Dollar decreased with 110 pips. The Cable depreciated from 1.5849 to 1.5740 yesterday, in converse with the negative money flow sentiment at under -19%, closing the day at 1.5758. Today the British Pound slipped further, descending to 1.5734. On the 1 hour chart the downward channel is trying to resume, while on the 3 hour chart range trading has formed.

Shares fall as doubts over EU crisis deal grow

Wed, 23 May 2012 09:35:02 SAST

European shares ended a two-day rally and German bond prices rose on Wednesday, as a split between France and Germany over measures to tackle the euro-zone debt crisis and renewed speculation of a Greek exit from the 17-member currency bloc hit investor sentiment.

Specialist banks cherry pick from lay-offs

Wed, 23 May 2012 09:35:02 SAST

Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger rivals, cherry picking staff frustrated by new pay rules and uncertainty over strategy.

Proporta Releases British Telephone Box iPhone 4S Case

Wed, 23 May 2012 09:34:26 SAST

Distinctly patriotic iPhone 4S case with British telephone box design released by Proporta.

AUDUSD: Reverses Gain, Set To Recapture The 0.9663 Level

Wed, 23 May 2012 09:34:22 SAST

The pair has reversed its one-day recovery and now looks to resume its broader medium term downtrend. This development now leaves AUDUSD targeting further declines towards the 0.9750 level where a violation will call for more weakness towards the 0.9663 level, its Nov 2011 low. A cut through here will extend weakness towards the 0.9485 level.

Greek Exit the Main Topic of EU Meeting

Wed, 23 May 2012 09:32:15 SAST

Comments from Former Greek Prime Minister Papademos damped market sentiment which had shown signs of improvement due to hopes of Chinese growth and absence of particularly bad news from the Eurozone. The Wall Street strengthened in early trading session but gains were erased later in the day with the DJIA slipping -0.01% and the S&P 500 up +0.05%.

Asia Preview Gold, Silver and Crude Oil Trading

Wed, 23 May 2012 09:30:28 SAST

US Gold futures prices finished pit trade moderately lower Tuesday, pressured by Bearish outside markets that included a firmer USD index and lower Crude Oil prices. The Gold market is also seeing some consolidation on the charts after recent gains. But, the Gold market Bulls must step up and show fresh power very soon to keep the modest near-term technical momentum mate late last week.

London Olympics: Why is Drug Use Cheating? Professor Sam Shuster Claims Ban is 'Unjustifiable'

Wed, 23 May 2012 09:30:16 SAST

Professor Sam Shuster of the University of Newcastle claims in BMJ there is "no acceptable proof" that drugs improve performance.

Japan's NTT Docomo applies for 700 MHz license

Wed, 23 May 2012 09:28:03 SAST

NTT Docomo Inc said on Wednesday it plans to apply for a license to upgrade its base stations to tap the 700 megahertz spectrum for high-speed mobile services, as it races with smaller rivals to attract smartphone users.

China plans brokerage reforms to create its own Goldman Sachs

Wed, 23 May 2012 09:28:02 SAST

China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope could eventually compete with the likes of Goldman Sachs and Morgan Stanley , a regulatory document showed.

Gold & Silver Long-Term Signal

Wed, 23 May 2012 09:26:38 SAST

Long time readers know that I have been and remain bullish on gold and gold stocks in the longer-term. However, the reasons why I believe gold and silver will perform well in the longer-term are a bit different than what many economists and pundits are expecting.

Australian dollar / US Dollar - 23/05/2012 06:26 GMT

Wed, 23 May 2012 09:21:02 SAST

Britain's FTSE drops back, reversing strong rally

Wed, 23 May 2012 09:21:02 SAST

Britain's top share index dropped back in early deals on Wednesday, erasing much of a strong, two-session rally in tandem with sharp falls in Asian markets weighed by fading hopes for action from a meeting of European leaders.

Asian Stock Markets Fall Amid Greek Exit Fears

Wed, 23 May 2012 09:20:30 SAST

Asian stock markets declined Wednesday as renewed concerns of Greece's probable exit from the euro zone dampened sentiment.

Arsenal Planning Axe for Senior Players to Make Way for Summer Talent - Report

Wed, 23 May 2012 09:16:16 SAST

Arsenal are reportedly planning to let several of their players go so that that have more funds to bring in fresh talent to the Emirates this summer.

Energy Watch: Australia Inciting Global Destruction With Proposed Uranium Mine Project

Wed, 23 May 2012 09:13:07 SAST

Protesters against the proposed construction of the uranium mine project in Wiluna town in the northern Goldfields raised Australia is inciting global destruction should it continue to push with the project.

Japan Imports of LNG in April Up 14.9%, Oil 12.9%

Wed, 23 May 2012 09:12:54 SAST

With no more nuclear reactors to help augment its energy requirements, Japan's imports of liquefied natural gas (LNG) as well as crude oil have soared by as much as 14.9 per cent and 12.9 per cent, respectively, in April, data from the country's Ministry of Finance said.

RM Auctions Sets World Record at Monaco Ducati Sale

Wed, 23 May 2012 09:12:29 SAST

Two Factory Ducati Desmosedici GP machines raced by Casey Stoner and Valentino Rossi achieved world record prices at the Monaco Ducati sale by RM Auctions.

EUR/USD MACD Signal: Buy at 1.26741 - Stop Loss at 1.26441

Wed, 23 May 2012 09:11:16 SAST

Date: 23.05.2012 MACD Crossover at: 03:00 AM EST Signal: Buy Action: Market Order opened Stop Loss: 1.26441 Take Profit: When the next crossover of the MACD line and the signal line occurs.

Michael Schumacher Under Pressure at Mercedes, Champion Expects to Reply at Monaco

Wed, 23 May 2012 09:10:43 SAST

Nick Fry, Mercedes' Chief Executive, has confirmed Force India's Paul di Resta could be the one to replace Michael Schumacher

Nationwide lifts mortgage lending by 44 percent

Wed, 23 May 2012 09:00:04 SAST

Nationwide, Britain's biggest customer-owned financial services group, reported a 44 percent increase in loans to home buyers in its last fiscal year, including a sharp rise in the number of mortgages provided to first-time home buyers.

Man Survives 180ft Plunge Over Niagara Falls In A Suicide Attempt: Broken Ribs, Lungs But In Stable Condition (PHOTO)

Wed, 23 May 2012 08:59:55 SAST

A man, who miraculously survived the plunge of nearly 180-feet over the Niagara Falls without any safety device in an apparent suicide attempt, is currently in stable condition and is recovering in the hospital.

Jessica Sanchez vs Phillip Phillips Who Should Be Named American Idol Season 11 Winner? [PHOTOS and VIDEOS]

Wed, 23 May 2012 08:59:18 SAST

And now we are down to two. Yes, the battle for the title as the new American Idol is against Phillip Phillips and Jessica Sanchez. Who deserves the crown?

Euro / Australian dollar - 23/05/2012 06:21 GMT