Dollar gains as US jobs report rattles markets

Posted by Financial Market News on July 4th, 2009

The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens.

A must read Ukiah: Goldman Sachs owns our government and we’re the suckers

Posted by Financial Service News on July 4th, 2009

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression [...] What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain a ' an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in ...

Stocks fall in Europe and Asia

Posted by Financial Market News on July 4th, 2009

Stocks fell in Europe and Asia on Friday, extending the MSCI World Index's longest weekly losing streak since March, as reports on retail sales and the service industry added to concern that the first global recession since World War II will persist.

Lady Liberty’s crown reopens on July Fourth

Posted by Financial Service News on July 4th, 2009

Chris Bartnick, 46, left, hoists his daughter Aleyna, 8, both of Merrick, N.Y., for a better view from the crown of the Statue of Liberty in New York, Saturday July 4, 2009.

Railways to mop up Rs 9,000 crore

Posted by Financial Market News on July 4th, 2009

Indian Railways will mop up Rs 9,000 crore from market borrowings through its financing arm Indian Railway Finance Corporation .

Government tells SBI to go slow on mergers

Posted by Financial Service News on July 4th, 2009

Biting the dust as usual, the government has yielded to protesting bank employees and told State Bank of India not to go ahead with the amalgamation of its subsidiary State Bank of Indore.

Dollar down on US jobless rate

Posted by Financial Market News on July 4th, 2009

THE dollar opened lower today, as investors expectations of a recovery in the American economy were dampened after the US unemployment rate hit a 26-year high.

Services sector takes unexpected rise

Posted by Financial Service News on July 4th, 2009

RISING confidence among consumers about the outlook for the economy has helped the services sector expand for the first time in 15 months in June, a survey shows.

Currency: Dollar weaker on poor US job stats

Posted by Financial Market News on July 4th, 2009

The New Zealand dollar weakened to a10-day low today after the US dollar rose overnight on bleak US jobs data.

Lynnwood’s City Bank says it was reprimanded by FDIC

Posted by Financial Service News on July 4th, 2009

For the third time this year, a Snohomish County-based community bank has been reprimanded by the federal government.


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