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The News / Hottest

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    The News / Hottest

    Some news will be uploaded here.

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    Ireland to grow faster than any major euro member this year

    independent.ie

    IRELAND is set to grow faster than any other economy in the eurozone this year and next year except for Estonia and tiny Malta, the European Commission forecast yesterday.

    The economy will expand by 1.1pc this year and 2.2pc next year, it predicts. Adding to the positive sentiment, Irish stocks posted the biggest one-day gain since last June to close at a four-year high.

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    So, can we stop worrying about “peak oil” now?

    hotair.com

    When the final figures for the fourth quarter of 2012 are in, the world will have a new crude oil production record: the total for the first three quarters was about 1 percent ahead of the 2011 total. This is a remarkable achievement for a commodity with annual output that now surpasses, for the first time ever, 4 billion metric tons and which has been, for decades, the largest source of fossil energy and the most valuable item of international commerce. …

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    Bank of Japan contest becoming more open race as Muto loses momentum

    ibtimes.co.uk

    Muto had been considered the leading candidate to replace incumbent Masaaki Shirakawa, who leaves on March 19 after a five-year term. Muto remains on the short list with strong backing from bureaucrats at the powerful Ministry of Finance.

    "Japan now needs a governor who can join, communicate and convince people in the inner circles of global finance," Abe told parliament on Wednesday.

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    India gold culture defies curbs as steep tax tries to rein in demand

    tulsaworld.com

    MUMBAI, India (AP) - India's steep new tax on gold imports doesn't deter Mousumi Rao as she holds up a glittering $5,000 filigree necklace that could adorn her daughter on her wedding day.


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    Why Gold Is Grounded

    cnbc.com

    Interest rates are generally low around the world, and major central banks have quantitative easing programs in place. Those conditions mean gold's lack of yield is less of an issue, and they usually translate to higher gold prices. Just not now.

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    Japan to nominate ADB prez as BoJ chief

    dailytelegraph.com.au

    THE Japanese government of Shinzo Abe is set to nominate Asian Development Bank president Haruhiko Kuroda as governor of the central bank, reports say, sending the dollar surging against the yen.


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    CANADA FX - C$ retreats to 8-month low after Carney speech

    http://uk.reuters.com

    The Canadian dollar softened to its weakest level in eight months against its U.S. counterpart on Monday after the release of a speech by Bank of Canada Governor Mark Carney, even though it made no mention of the central bank's monetary policy outlook.

    The Canadian dollar touched C$1.0270 versus the U.S. dollar, or 97.37 U.S cents, weaker than Friday's North American session close at C$1.0208, or 97.96 U.S. cents. This was its weakest level since June 29, 2012.


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    Euro Rally: Was It Just Too Good to Be True?

    cnbc.com

    The euro slumped to $1.3047 overnight, its lowest level in almost seven weeks, following early results from the voting in Italy that took place on Sunday and Monday.

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    Japan passes $A138bn stimulus budget

    couriermail.com.au

    JAPAN'S parliament has passed a $US142 billion ($A138.69 billion) extra budget that forms a key part of Prime Minister Shinzo Abe's efforts to tackle the deflation that has dogged the economy for years.

    The package squeaked by the opposition-controlled upper house of parliament less than two weeks after the lower house approved the spending.


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