In a move to set the "nation on the path to economic stability, one community at a time", the U.S Department of the Treasury on Monday assigned a total of $268 million to put folks in Indiana, Missouri, Tennessee and

Huntington Bancshares Inc. (Nasdaq: HBAN ) announced on Friday that their plans to raise $675 million were coming along nicely. The company reported that they will likely see an additional $46.2 million in proceeds solely from the purchase of trust

The Finish Line, Inc ( NASDAQ : FINL ) one of the largest mall - based specialty retailers in the U.S. yesterday announced their plans to exit their unprofitable Man Alive business, a move that saw their stock price rise

Rays of sun shined on General Motors Corporation (OTC: GMGMQ ), as the automaker decided to reinstate 900 United Auto Workers Union (UAW)employees, at its Lansing Delta Township assembly plant, which is due to resume a second production shift by

In the beginning of June, Timothy White Dale and David G. Carlile, the directors of Diatect International, acquired 250,000 shares in total. Should we start listening to people who keep saying: "When insiders of the company start buying shares, it's

The USD and JPY rose on increased risk aversion after the World Bank said the global recession will be deeper than previously forecast. Global equity and commodity prices fell while bond prices rose. The yen gained against all key currencies

We begin this week's coverage with a look at one of the most popular carry-trade pairs, the Aussie-Yen. Stocks were mostly higher in Japan and Australia, but European equity markets slid sharply lower overnight, followed by a big drop in

Overall, the dollar index gained 0.60% on Monday, as the currency market was driven by risk-aversion. The dollar posted the biggest advances against two commodity driven currencies, cad and aussie, as the price of crude oil and metals tumbled more

The US dollar was supported during last night's session from several fronts. The World Bank yesterday revised its 2009 global growth forecast down to -2.9% from March's 1.7%. The IMF later said Lithuania faced challenges, and that Latvia's situation now

Ahead of a very important FOMC rate decision, and in particular a Fed statement that will be scoured for clues as to the way that Treasury yields (market-wide interest rates) can be reversed off 4% while at the same time

Overall, the dollar advanced throughout the Asian session as well, extending the gains posted on Monday. Much of the dollar strength came as the S&P futures declined on Monday, but still the future market traded side-ways during the Asian trading

The market is clearly worried about this week's issuance of Treasuries and Bills ($165B). The bid-to-cover ratio of the Bill auctions were 2.79 for the 13-weeks Bills and 2.72 for the 26-week Bills. Both lowest in 3 months. This is

The new spike in investor risk aversion triggered the usual reactions on the currency markets. The dollar and the yen gained ground. The commodity currencies and the euro ceded ground. However, after all, the losses in EUR/USD were not that

Today's economic data from the Pacific Rim were mild, while concerns about the future of the global economy still persist, raising people's questioning whether the worst of this economic crisis is over or not, and if it is when will

UK mortgage lending data for May will be published by the BBA this morning. The figures may show the first rise in annual lending since November 2006, if the monthly total exceeds £32.8bn. However, with lenders raising rates on their

Yesterday saw a very ugly finish on Wall Street that spilled over into Asian equities as well overnight, as risk aversion came back with a bang. The Yen responded strongly, with most JPY crosses sharply lower on the day. AUDJPY

In currencies, the greenback and the Japanese Yen have traded firmly higher in today's session as risk appetite dependent commodity majors took a hit. AUD/USD continued to target 0.78 handle, NZD/USD traded below 0.6270, and USD/CAD extended its oil-slide infused

The market currently seems to be in a corrective phase, taking out some of the gains of risky assets seen over the past couple of months. This is weighing on the pro-cyclical currencies, while defensive currencies are receiving support. Accordingly,

The Yen made gains against all of its counter currencies today in Asia as investors looked to the safety of the Japanese currency in light of concerns that the current global recession might still be far from over. Risk aversion

The dollar is broadly higher Monday morning as it advances against all major currencies except the yen in response to a more risk averse mood in markets. Uncertainty surrounding the outcome of the U.S. Federal Reserve's Open Market committee announcement