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Market News – Facebook sets IPO at $38 per share

Posted on May 17, 2012 8:26 pm GMT

Facebook Inc.  announced on Thursday afternoon in the U.S. its initial public offering at $38 per share. This is the biggest internet/technology IPO in history with the company raising $16 billion.  The offering price puts Facebook’s total market capitalization at […]

Market News – Obama’s State of the Union focuses on taxes,jobs to improve US economy

Posted on January 25, 2012 9:08 am GMT

The President of the United States, Barak Obama, gave his last State of the Union speech on Tuesday before the presidential election in November. The main focus of the speech was economic fairness by demanding higher taxes for millionaires and […]

Market News – Black Friday record sales boost optimism in Asian markets

Posted on November 28, 2011 10:51 am GMT

Black Friday sales in the US rose 6.6 percent this Thanksgiving weekend compared to last year’s mere 0.3 percent volume.
The term Black Friday derives from an accounting perspective that stores get back in the black and out of the red […]

Forex News – Gaddafi captured in his home town, Sirte in Libya

Posted on October 20, 2011 11:50 am GMT

Early media reports announced today that deposed Libyan leader, Colonel Muamar Gaddafi has been captured by Libyan interim government fighters as he was travelling in a convoy in his home town of Sirte.
It was reported that the forces captured the […]

Forex News – Canadian dollar surges after positive US and Canadian data boost risk appetite

Posted on October 14, 2011 2:31 pm GMT

The Canadian dollar strengthened to its highest level in three week against the US dollar, outperforming most of the major currencies after both Canadian and U.S. economic data were released today, with better than forecast results.
Canada released its manufacturing sales […]

Forex News – Galleon Group’s Rajaratnam sentenced to eleven years for insider trading

Posted on October 13, 2011 8:01 pm GMT

After being arrested two years ago for insider trading charges, Hedge Fund manager and Galleon Group LLC co-founder Raj Rajaratnam was sentenced today to eleven years in prison and charged a $10 million fine as punishment for his ill-gotten […]