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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.


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• United States 

• USA & Canada 

• Business news 
• Government 

16:22, Tuesday, 06 March 2007

Calif. wants fed declaration for freeze


SACRAMENTO (AP) - President Bush's signature is the last step needed to get federal disaster money flowing to the 31 California counties that were hit hard in the January freeze, Gov. Arnold Schwarzenegger said Monday.

The freeze devastated more than $1.32 billion in citrus crops and other produce -- the most devastating blow to the industry in more than a decade.

Since January, the California Office of Emergency Services has provided more than $2 billion to local food banks and $1.75 million in emergency funds.

If Bush grants the state's Feb. 2 request to declare a federal disaster in counties affected by the freeze, it would open up a crucial new funding source to help affected families, Schwarzenegger said in a letter to the president, which was co-signed by Democratic Sens. Dianne Feinstein and Barbara Boxer.

"State and local groups can only provide so much assistance during disasters, and it is the responsibility of the federal government to help shoulder the burden in times of crisis," said the letter. "Your signature is the last hurdle to clear before federal assistance can begin flowing to the thousands of workers and their families."

The cold snap also left 28,000 farmworkers without work, according to the United Farm Workers, and ravaged the San Joaquin Valley's agriculture-intensive economy.

Feinstein and Boxer also hope to add money for the state's farmers to an emergency war funding bill Congress will take up this spring.


 

Forex news - 06 March 2007
16:42 Latvia govt extends deadline for selling stake in telecoms cos
16:39 Spanish leader pushes N. Africa train
16:35 Forex - Major currencies trade in a range; dollar little affected by data
16:26 Deadline nears for unclaimed '03 refunds
16:26 Govt. seeking better nuclear detectors
16:22 US public increasingly pessimistic about victory in Iraq - poll
16:22 Calif. wants fed declaration for freeze
16:21 Premera ends effort to go public
16:20 AFX TOP STORIES Europe 1605 GMT
16:20 AFX TOP STORIES Global 1605 GMT
16:19 Group warns of gas-pump price problems
16:18 US demands North Korea 'come clean' about uranium program
16:14 UK'S Alexander says EU/US open skies deal 'falls short' on access to US UPDATE
15:55 Latvia govt approves plan for curbing inflation, sees budget surplus by 2009
16:22 Senate debates airport screeners' union
16:48 Italy govt 'neutral' on Enel-Endesa - Padoa-Schioppa UPDATE
15:45 AFX TOP STORIES Macroeconomics 15:30 GMT



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