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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:       

• United States 

• USA & Canada 

• Business news 
• Government 

17:11, Thursday, 19 October 2006

Paulson: Financial management isn't hard


WASHINGTON (AFX) - The secret to managing your finances isn't "rocket science," Treasury Secretary Henry Paulson told a group of high school seniors Thursday.

"It's very simple," said the former Wall Street titan whose net worth is estimated at over $700 million. "Make sure you don't spend more than you earn."

Paulson said it was good to develop the habit of saving at an early age and to learn how financial markets operate.

He told seniors from Virginia's McLean High School that they should be careful when they go off to college that they don't get into trouble by running up high debts on their credit cards.

"That credit history can come back to haunt you," he told the group, which had been brought to the Treasury Department to participate in the fourth annual "Get Smart About Credit Day" sponsored by the American Bankers Association.

Asked for advice about picking the right college and what students should study to get a good job after graduation, Paulson told them to relax.

"There is too much anxiety in this country about getting into college," he said. "The great thing ... is we have many good colleges."

And as for what to study, Paulson, who rose to the top of investment giant Goldman Sachs, said he majored in English literature because he loved to read.

"I didn't major in economics or finance," he said. "The advice I would give you is enjoy college. Enjoy learning."

On the net:

Treasury Department: http:http://www.ustreas.gov


 

Forex news - 19 October 2006
17:50 Treasury bonds lower on jobless claims
17:37 Abertis questions ability of Italian govt draft law to meet EU ruling
17:28 Oil prices rise after Saudi comments
17:26 Citigroup 3Q net income falls 23 percent
17:11 Rates on 30-year mortgages edge down
17:11 Paulson: Financial management isn't hard
16:58 European govt bonds lower on US jobless claims, Italy rating downgrades
19:20 Conference Board indicators up 0.1 pct
16:36 Forex - Dollar rangebound ahead of Philly Fed survey
16:13 Saudi backs 1 mln bpd cut in OPEC current output UPDATE
15:56 EU unveils action plan to cut energy consumption by 20 pct
15:53 Stocks edge higher, Dow back atop 12,000
18:49 Saudis signal support for OPEC cut
15:47 Metals - Base metals higher across the board, Chinese, US data supports
15:45 AFX NEWS BRIEFING: Macroeconomics highlights to 15:30 BST
15:40 CORRECTION OUTLOOK Riksbank seen hiking repo rate 25 bp to 2.75 pct



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