April 13th, 2009 10:01:22 GMT.

GM Preparing for possible bankruptcy


Sunday’s NY Times reported that the US Treasury has told GM to lay the groundwork for a bankruptcy filing by June 1 according to unnamed sources with knowledge of the plans.


April 13th, 2009 09:03:12 GMT.

Not A Lot Going On So Far


Pretty quiet day/night so far with most market participants enjoying a long Easter weekend. Cable has given back most of its recent gains and should continue to meet with resistance ahead of the 1.4780 level and it is worth getting … Continue reading


April 13th, 2009 08:24:22 GMT.

Nikkei Ends the Day in the Red


With a number of regional markets closed for Easter today, the Nikkei managed the distinction of being the only Asian index to end the day in negative territory amid concern surrounding Japan’s ability to turn things around economically as quickly … Continue reading


April 10th, 2009 10:48:54 GMT.

OECD Feb Unemployment 7.3%


The OECD has released its Feb unemployment numbers showing that unemployment in the 30 member OECD nations rose 0.3% in Feb to 7.3%. The worsening in numbers further reinforces the deepening global economic recession.


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