Today’s U.S. jobless claims weekly report was published and showed an increase in initial claims by 10,000 for the week ending on May 21st, and it reached 424,000 claims (seasonally adjusted data); the insured unemployment rate declined by 0.1 percent…
Category: News Feed
Gaddafi seeks a ceasefire agreement again
According to Reuters, Libya’s Gaddafi is seeking a cease fire agreement with the rebels and the NATO. Spain is among the countries that are reported to receive the ceasefire offer. It doesn’t seem that the offer will be excepted by…
Major currencies drop against the US dollar
The major currencies including Euro to US dollar conversion rate and Australian dollar /US dollar due to speculation over these economies’ progress. The Euro to US dollar conversion rate is declining probably due to the speculation around the economic recovery…
Tornado killed at least 89 in Missouri USA
The recent news from the US report of over 89 people killed due to the tornado attacks in southwest Missouri at the city of Joplin. The entire adverse effects of the Tornado aren’t clear yet. According to the EIA, some…
Bank of China raised loans restrictions again – May 22
The People Bank of China raised again the reserve requirements ratio of commercial banks in China by 0.5 percent points to 21%. This is the fourth raise during 2011. This is one of the tools that the PBC is using…
Portugal is to receive from IMF 36.8$ billion
The debt crisis in Europe continues to reach the headlines, this time it comes from Portugal: The IMF (International Monetary Fund) has recently approved to provide 36.8 billion US dollar to Portugal as part of rescue packaged. The total rescue package…
Recommended posts for the weekend – May 21
The debt crisis in Europe is among the major news that ended the week including the bailout funds that Portugal received from the IMF. Here are several recommended posts you may find interesting, some of them refer to the European…
U.S. initial claims fell last week May 19
The U.S. jobless claims report was published today and showed a decline in initial claims by 29,000 for the week ending on May 14th, as it reached 409,000 claims; the insured unemployment rate remained unchanged at 3.0% for the week…
Euro Area Construction output fell in March
Today Euro Stat published its recent report regarding the Euro Area Construction output during March 2011: the report shows a decline in the in the construction output compared to February 2011 by 0.3% in the Euro Area. On the other…
EIA outlook for 2012 shows oil market will tighten
In last week’s oil outlook of the Energy Information Administration for 2011 it was reported that EIA analysts expect that the OPEC crude oil production will decline in 2011 by 450,000 bbl/d compared to 2010, but the non-OPEC countries will…