Archive for July 22nd, 2010


Kansas City Star
GM to buy AmeriCredit Corp. for $3.5 billion
Xinhua
CHICAGO, July 22 (Xinhua) — General Motors Co. will pay 3.5 billion US dollars to buy sub-prime lender AmeriCredit Corp. to expand its auto lending and
GM to buy auto lender in bid to stoke salesSydney Morning Herald

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IBTimes Hong Kong
China's Hu restates moderately loose monetary policy
IBTimes Hong Kong
The Chinese bank notes will also be available at foreign-currency trading counters at tourist hotels, airports and gift stores. During a meeting with public

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The Hindu
Microsoft reports double-digit increases of profit, sales
Xinhua
Net income reached 4.52 billion US dollars for Microsoft's fiscal fourth-quarter ended on June 30, jumping 48 percent over the same period a year earlier.
Windows 7 sales boost Microsoft 4Q net incomeThe Associated Press
Microsoft sales up as firm rides out fiscal crisisSydney Morning Herald

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Wall Street rallies on strong earnings
Xinhua
Light sweet crude for September delivery surged 2.74 US dollars, or 3.6 percent, to settle at 79.30 dollars a barrel on the New York Mercantile Exchange.

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Xinhua
Gold rises on strong US corporate earnings, short-covering
Xinhua
The most active gold contract for August delivery rose 3.8 dollars, or 0.3 percent, to finish at 1195.6 US dollars. Gold lost its steam after Federal
Gold rebounds as investors go bargain buyingXinhua
Gold struggles to end tad higher as investors await Bernanke testimonyPeople’s Daily Online

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Roundup: Wall Street rallies on strong earnings
istockAnalyst.com (press release)
Light sweet crude for September delivery surged 2.74 US dollars, or 3.6 percent, to settle at 79.30 dollars a barrel on the New York Mercantile Exchange.

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The Guardian
Forex Daily Outlook – July 23 2010
Forex Crunch (blog)
Canada's Core CPI, Europe's Bank Stress Test Results and other optimistic forecasts close another trading week. Here is an outlook on today's economic
The market's criteria for judging EU bank stress-test resultsInternational Business Times
Forex – European Bank Stress Tests Said to Describe Three ScenariosForexTV.com

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CBC.ca
Microsoft Reports Double-digit Increase of Profit, Sales
CRIENGLISH.com
Net income reached 4.52 billion US dollars for Microsoft's fiscal fourth-quarter ended on June 30, jumping 48 percent over the same period a year earlier.
Windows 7 sales boosts Microsoft 4Q net incomeForbes
Microsoft reports record-high sales in latest quarterSydney Morning Herald

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IBTimes
Forex – US – North American Summary and Highlights Jul 22
FXMarketAlerts.com
* Weekly jobless claims rise to 464k from 429k versus 445k expected. Continuing claims fall to 4.487m from 4.710m versus 4.59m expected.
Forex: EUR/USD jumps to 1.2928, 2-day highNASDAQ
Forex – Dollar down vs. most rivals after mixed US economic dataForex Pros
Forex – EUR/USD hits 2-day after mixed US economic dataForex Pros
Forex Pros -Economy News -IBTimes
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Forex: USD/CAD pressured below on high risk appetite
Forexrazor
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work

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