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Forex news - recent top stories



15:03,  12 July 2007
US May trade deficit up 2.3 pct to 60.0 bln usd as expected 
WASHINGTON (Thomson Financial) - The US trade deficit rose 2.3 pct in May to 60.0 bln usd as Americans imported more and more expensive oil and other commodities.Economists were looking for a 60.0 bln usd deficit, expecting imports to recover from their April slide.

12:49,  12 July 2007
Forex - Euro at all-time high against dollar following strong GDP data 
LONDON (Thomson Financial) - The euro continued to post fresh all-time highs against the dollar, supported by an unexpected upward revision to first quarter GDP growth and robust industrial production figures.

09:45,  12 July 2007
Forex - Euro at fresh all-time high against dollar after hawkish ECB bulletin 
LONDON (Thomson Financial) - The euro climbed to a fresh all-time high against the dollar after a hawkish European Central Bank monthly bulletin, amid ongoing concern about the US sub-prime mortgage market.


See also:       

• Cyprus 

• Eurozone & UK 

• Government 
• General news 

12:45, Monday, 11 September 2006

Turkish Cypriot premier resigns


NICOSIA (AFX) - The prime minister of the breakaway Turkish statelet in occupied northern Cyprus has resigned, dissolving his two-party coalition government and sparking a political crisis.

Ferdi Sabit Soyer's resignation followed a decision on Friday by his centre-left Republican Turkish Party to part ways with its coalition partner, the centre-right Democrat Party, because of disputes largely over the fate of the divided island.

The two parties have been at odds over efforts for the reunification of the eastern Mediterranean island, which has been divided since a 1974 Turkish invasion of the north.

The Democrat Party led by Serdar Denktash, the son of former Turkish Cypriot leader Rauf Denktash, follows a more nationalist line, refusing to make concessions to the internationally-recognised Cyprus government.

"There were problems in the coalition. We tried to solve them, but failed," Soyer told reporters after submitting his resignation to Turkish Cypriot leader Mehmet Ali Talat.

Talat is widely expected to nominate Soyer again as prime minister designate as the Republican Party holds half the 50 seats in the parliament of the self-proclaimed Turkish Republic of Northern Cyprus (TRNC).

Cyprus has been divided since 1974 when Turkey occupied its northern third in response to a Greek Cypriot coup aimed at uniting the island with Greece.

The TRNC, declared in 1983, is recognised only by Ankara.

The Greek Cypriot-led government of the Republic of Cyprus has international recognition and is a member of the European Union.

newsdesk@afxnews.com

afp/joy


 

Forex news - 11 September 2006
13:26 Iraq to boost military at oil facilities
13:21 OPEC set to hold production levels steady
13:13 EU deplores Chinese restrictions on foreign news
13:12 Palestinian parties reach deal on unity govt programme
13:03 Oil prices slide to near six-month lows
12:51 OPEC meeting begins
12:45 AFX European summary -- midday
12:45 Turkish Cypriot premier resigns
12:35 Iraq official calls for oil partnerships
12:29 European government bonds steady as activity limited by dearth of economic news
12:20 DATAWATCH - China record Aug trade surplus throws spotlight on currency policy
12:14 Metals - Gold falls below 600 usd on progress in Iran-EU nuclear talks UPDATE
12:04 Slovakia July trade deficit 7.318 bln koruna vs 4.825 yr earlier
11:43 UK union to announce result of strike ballot on DHL takeover of NHS logistics
11:23 DATAWATCH UK pipeline price pressures fall in Aug, easing BoE rate hike concerns
11:23 Blair, Brown face rough ride from unions at TUC annual congress
11:16 Forex - Pound edges lower amid signs of easing inflationary pressures
11:10 Hong Kong govt mulls more private sector involvement in infrastructure projects



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