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Closing Market Recap: Gushing Oil Prices Overshadow Choppy Stocks and Treasuries
May 09 21:44 GMT, by CEP News
(CEP News) - The seemingly unstoppable march of crude oil continued Friday for the fifth straight day to cap the largest weekly percentage gain in nearly three years. High energy prices have become a major source of concern in equity and foreign exch...
Midday Market Recap: Loonie Soars on Oil Rally and Employment Report
May 09 17:28 GMT, by CEP News
(CEP News) - The Canadian dollar got a boost from a fifth consecutive day of record high oil prices and strong Canadian job growth. Equities are down after Citigroup said it will sell as much as $400 billion in assets and AIG announced plans to raise...
US Economic News
The Week Ahead Canada & U.S.: U.S. Advance Retail Sales, CPI and Housing Starts
May 09 22:21 GMT, by CEP News
(CEP News) - It's going to be a blockbuster week for data in the U.S. with the release of tier one data. Markets will receive April's CPI report, retail sales, import price index, industrial production and capacity utilization, housing starts and bui...
Venezuelan Oil Reserves up 30%, Says Minister Ramirez
May 09 15:06 GMT, by CEP News
(CEP News) London - Venezuela's Oil Minister Rafael Ramirez said late on Thursday that the country's proven crude oil reserves have risen by 30%.
European Economic News
The Week Ahead Europe & UK: UK and European Inflation Reports
May 09 22:03 GMT, by CEP News
(CEP News) - There will be no less than five CPI and three GDP reports for data in the upcoming week in Europe and the UK. Euro zone and UK CPI reports for April will be released on Tuesday and Thursday, respectively, with GDP data concentrated into...
UK Preview: April Producer Prices Likely to Widen Their Margins, Economists Say
May 09 16:25 GMT, by CEP News
(CEP News) London - UK April output producer prices, due for publication by the Office for National Statistics on Monday at 4:30 a.m. EDT, are seen moving further up as manufacturers looked to pass on their sharply higher input costs, economists said...
Market News Recap
Friday's News Recap: Canadian Employment Beats Expectations, Crude Hits $126
May 09 20:58 GMT, by CEP News
(CEP News) - A better-than-expected employment report from Canada and contracting trade deficit in the United States highlighted Friday's economic news as stocks came under pressure due to a poor earnings report from AiG and another day of record cru...
Midday News Recap: Cdn Labour Rises, U.S. Trade Deficit Shrinks, Crude at $126.20
May 09 15:30 GMT, by CEP News
(CEP News) - A better-than-expected employment report from Canada and contracting trade deficit in the United States highlighted Friday's economic news as stocks came under pressure due to a poor earnings report from AiG and another day of record cru...
Asian Economic News
The Week Ahead Japan & Australia: Japanese GDP, Australian Commonwealth Budget
May 09 22:14 GMT, by CEP News
(CEP News) - Japanese GDP figures will be a focus for markets on Thursday. In Australia, the Commonwealth budget to be released on Tuesday will also be a highlight.
Japan's Preliminary Leading Index Drops Below 50 in March
May 09 14:12 GMT, by CEP News
(CEP News) - Japan's preliminary leading economic index, released Friday by the country's Economic and Social Research Council Report, showed that the index fell sharply to 20 in March, down from February's revised reading of 54.5. The reading was in...
Canadian Economic News
The Week Ahead Canada & U.S.: U.S. Advance Retail Sales, CPI and Housing Starts
May 09 22:21 GMT, by CEP News
(CEP News) - It's going to be a blockbuster week for data in the U.S. with the release of tier one data. Markets will receive April's CPI report, retail sales, import price index, industrial production and capacity utilization, housing starts and bui...
Canadian Merchandise Trade Surplus Masks Weakness, Economists Say
May 09 20:49 GMT, by CEP News
(CEP News) Ottawa - Rising energy export prices, which helped push Canada's merchandise trade surplus $1 billion over expectations to $5.5 billion in March, should help nominal GDP growth in the first quarter, but there's little to cheer about in rea...
Australian Economic News
The Week Ahead Japan & Australia: Japanese GDP, Australian Commonwealth Budget
May 09 22:14 GMT, by CEP News
(CEP News) - Japanese GDP figures will be a focus for markets on Thursday. In Australia, the Commonwealth budget to be released on Tuesday will also be a highlight.
Economists Expect RBA Tightening Following Hawkish Monetary Policy Statement
May 09 18:31 GMT, by CEP News
(CEP News) - Economists are concerned that Australian inflation will not return to the 2% to 3% target and that the Reserve Bank of Australia (RBA) will have no choice but to raise interest rates.
Top Stories

Top stories from around the world. The forex market, being a global market, is very sensitive to world happenings. Especially, the forex market is very sentive to geo-polical events. So, checking out the latest world top stories is still an task everyday for a forex trader. You may find some insight about currency movements from these top stories. Make sure you check out the latest top stories everyday before you trade forex. The top stories below are from various source which would be useful to every forex traders..

Aid effort for cyclone-hit Burma

Mon, 5 May 2008 08:51:00 GMT from BBC
Many people have been left without drinking water and shelterSome aid is beginning to reach victims of the cyclone that hit Burma on Saturday, killing hundreds of people and leaving tens of thousands homeless. Both Burmese officials and international

UN food body 'should be scrapped'

Mon, 5 May 2008 08:51:00 GMT from BBC
President Wade said the FAO's work was duplicated by other bodiesAn African leader has dismissed the UN's food agency as a 'waste of money' and called for it to be scrapped.President Abdoulaye Wade of Senegal spoke out days after the UN announced an

Study: More kids using anti-psychotic drugs

Mon, 5 May 2008 08:33:00 GMT from CNN
Extract not available.

Look who's buying American

Mon, 5 May 2008 06:37:00 GMT from Los Angeles Times
DONGGUAN, CHINA Liu Keli couldn't tell you much about South Carolina, not even where it is in the United States. It's as obscure to him as his home region, Shanxi province, is to most Americans.But Liu is investing $10 million in the Palmetto State,

Bid for Yahoo over? Maybe not

Mon, 5 May 2008 03:29:00 GMT from Los Angeles Times
In calling off its offer for Yahoo Inc., Microsoft Corp. proclaimed its determination to build a bigger online advertising and services business by itself. But the less interest the world's largest software company seems to have in Yahoo, the more likely

Burma 'must allow aid workers in'

Mon, 5 May 2008 03:21:00 GMT from BBC
Rangoon has been without power and water, its streets full of debrisBurmese exiles are urging the country's military rulers to allow aid agencies to operate freely inside the country in the wake of Tropical Cyclone Nargis. They say their expertise will

Bolivia region 'chooses autonomy'

Mon, 5 May 2008 02:05:00 GMT from BBC
There were sporadic outbreaks of violence during the voteVoters in Bolivia's richest region, Santa Cruz, are reported to have supported proposals for greater autonomy in an unofficial referendum. Exit polls for local TV stations suggest that more than

Hundreds killed by Burma cyclone

Mon, 5 May 2008 02:05:00 GMT from BBC
Eyewitnesses say Rangoon is littered with debrisA tropical cyclone has killed at least 351 people in Burma and damaged thousands of buildings, according to state television. Parts of the Irrawaddy region were hit particularly badly, with three out of

Ferry carrying revelers capsizes; at least 15 killed

Mon, 5 May 2008 01:57:00 GMT from CNN
Extract not available.

Two boys in car 'were murdered'

Mon, 5 May 2008 01:51:00 GMT from BBC
Police said they had a 'positive line of inquiry'Police say they are treating the deaths of two young boys who were found in a parked car near Glasgow as murder. The boys have been named as Paul Ross, six, and Jay Ross, two, from the Royston area of the

Labour will recover, says Brown

Mon, 5 May 2008 01:50:00 GMT from BBC
Prime Minister Gordon Brown has said Labour 'will recover' after its worst local election results in 40 years, and told the BBC he took the blame. 'I feel responsible. There are no excuses on my part at all,' he told BBC One's Andrew Marr Show. He

Microsoft abandons bid to buy Yahoo

Sun, 4 May 2008 20:23:00 GMT from MSNBC
SEATTLE - Microsoft Corp. has withdrawn its $42.3 billion bid to buy Yahoo Inc., scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc. The decision to walk away from the deal

Labour 'will recover', says Brown

Sun, 4 May 2008 15:20:00 GMT from BBC
Prime Minister Gordon Brown has said Labour 'will recover' after its worst local election results in 40 years, and told the BBC he took the blame. 'I feel responsible. There are no excuses on my part at all,' he told BBC One's Andrew Marr Show. He

Burma cyclone death toll 'at 351'

Sun, 4 May 2008 15:20:00 GMT from BBC
Eyewitnesses say Rangoon is littered with debrisA tropical cyclone has killed at least 351 people in Burma and damaged thousands of buildings, according to state television. Parts of the Irrawaddy region were hit particularly badly, with three out of

'I feel voters' hurt', says Brown

Sun, 4 May 2008 12:23:00 GMT from BBC
Prime Minister Gordon Brown has said he understands people's 'hurt', in the aftermath of Labour's worst local election results in 40 years. Mr Brown told the BBC it had 'not been the best weekend', adding that voters were worried about rising petrol and

Microsoft walks away from Yahoo

Sun, 4 May 2008 10:53:00 GMT from BBC
Software giant Microsoft has dropped its three-month-old bid to buy internet firm Yahoo because the two sides cannot agree on an acceptable sale price. Microsoft chief executive Steve Ballmer formally withdrew the offer in a letter to Yahoo chief

Burma cyclone death toll 'at 243'

Sun, 4 May 2008 10:52:00 GMT from BBC
A tropical cyclone has killed at least 243 people in Burma and damaged thousands of buildings, according to state television. Parts of the Irrawaddy region were hit particularly badly, with three out of four buildings blown down in one district. Burma

U.S. forces battle militants in Baghdad; 14 dead

Sat, 3 May 2008 13:11:00 GMT from USA Today
BAGHDAD (AP) - U.S. soldiers killed 14 suspected Shiite militants and an American soldier died in a roadside bomb attack in the latest clashes in Baghdad, the military said Saturday. More than 100 people were also wounded in clashes Friday and Saturday

The 'Ace' in Clinton's deck

Sat, 3 May 2008 11:20:00 GMT from Los Angeles Times
RALEIGH, N.C. Sitting on the sunny patio of a coffee shop last weekend, Averell 'Ace' Smith hardly seemed the kind of guy to strike fear into a politician's heart. The 49-year-old California political operative -- who helped Hillary Rodham Clinton to

Clinton consultant 'Ace' Smith is no man to mess with

Sat, 3 May 2008 09:00:00 GMT from Los Angeles Times
RALEIGH, N.C. Sitting on the sunny patio of a coffee shop last weekend, Averell 'Ace' Smith hardly seemed the kind of guy to strike fear into a politician's heart. The 49-year-old California political operative -- who helped Hillary Rodham Clinton to

China renews Dalai Lama criticism

Sat, 3 May 2008 07:58:00 GMT from BBC
The Dalai Lama has spoken out against the violence in MarchChinese state media has renewed its criticism of Tibetan spiritual leader, the Dalai Lama, as two of his envoys prepare to meet Chinese officials.The Tibet Daily repeated accusations that the

Provocative maverick elected London mayor

Sat, 3 May 2008 07:09:00 GMT from CNN
Extract not available.

Engine fault 'caused Sudan crash'

Sat, 3 May 2008 04:55:00 GMT from BBC
Engine failure has been blamed for a plane crash in which South Sudan's defence minister was killed along with at least 22 other people. 'Two engines failed and there was nothing the pilot could do,' said Salva Kiir, President of South Sudan. Mr Kiir

Dalai Lama's Envoys Head to China

Sat, 3 May 2008 04:50:00 GMT from Washington Post
BEIJING, May 3 -- Representatives of the Dalai Lama are scheduled to arrive in China on Saturday to begin informal talks with their Chinese counterparts on the unrest in Tibet. The meetings will be the first face-to-face contact between the two sides

Small Investors Left Behind

Sat, 3 May 2008 04:50:00 GMT from Washington Post
SHANGHAI -- When emergency workers found Wang sprawled unconscious after having downed two bags of insecticide, he was still clutching the PDA he had been using to check stock prices. Like a number of other small investors in China, Wang had bet -- and

Cuba lifts ban on home computers

Sat, 3 May 2008 04:39:00 GMT from BBC
By Michael VossBBC News, HavanaThe computers cost almost $800, while the average wage is under $20The first legalised home computers have gone on sale in Cuba, but the ban on home internet access remains. This is the latest in a series of restrictions on

Yahoo, Microsoft resume talks

Sat, 3 May 2008 03:01:00 GMT from Los Angeles Times
Yahoo Inc. was engaged in serious negotiation talks with Microsoft Corp. today as both sides tried to avert a hostile takeover battle, according to people familiar with the discussions. Microsoft has expressed willingness to pay more than the $44.6

On yer vlo

Sat, 3 May 2008 01:47:00 GMT from Guardian Unlimited
In 1869, a cycling magazine was launched in France. The masthead of Le Vlocipde Illustr featured a voluptuous Lady Progress astride a bicycle. In his manifesto, the editor intoned: 'The velocipede is not a fad born yesterday, in vogue today, to be

Mugabe rivals reject poll result

Sat, 3 May 2008 01:13:00 GMT from BBC
Official results say Morgan Tsvangirai gained the most votesZimbabwe's opposition has rejected results that give it the most votes in the country's presidential election, but not enough to avoid a run-off. The Movement for Democratic Change said it had

Johnson wins London mayoral race

Fri, 2 May 2008 23:00:00 GMT from BBC
Mr Johnson is expected to stand down as MP for HenleyBoris Johnson has won the race to become the next mayor of London - ending Ken Livingstone's eight-year reign at City Hall. The Conservative candidate won with 1,168,738 first and second preference


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