financial news

Highlights The US dollar is higher as the markets seek safe haven after North Korea fired artillery shells at South Korea and the euro zone jitters continue. With the upcoming US holiday dampening volume the euro continued its choppy…

The Usual Fare Ireland warned it will have to stump up state assets in bailout Moody's: ‘Multi-notch’ downgrade most likely for Ireland - Irish, Business - Independent.ie Authorities may be close to filing insider trader cases |…

Highlights The US dollar is trading broadly lower as the details of the Irish bailout emerge with Ireland seeking around €95bln in aid. The euro is up versus the greenback after making an early high of $1.378 but subsequent gains were…

Mr. Obama's Most Recent "2%" Sellout is his Worst Yet Michael Hudson on how President Obama's economic policy has not benefitted ordinary Americans. On The Alleged Irish Bank Deposit Flight My view on why the incipient Irish…

US firms warn Irish over tax move - Telegraph Lessons from history in China's inflation crisis - Telegraph Apple's iPhone SIM card plan thwarted - Telegraph Shane Ross: Honohan: hero of the hour - Independent.ie Currency war: the…

Europe (mostly Ireland) FT Alphaville » To rebuild an Irish banking system, part two Allied Irish Says Reliance on Central Bank Funding Since June Has Tripled - Bloomberg Ireland is losing the propaganda war | Business |…

Highlights The US dollar is broadly lower in anticipation of a joint aid package for Ireland but experienced a quick jolt on the back of the China reserve hike news.  But as the markets digested the news, the hike in reserves is…

US Economic data continues to be mixed, with positive ticks in the jobless claims but weak-than-expected inflation and a surge in November’s Philly Fed.  In fact, Wednesday’s core inflation measures were the weakest print since 1958,…

I caught this post by Greg Sargent at the Washington Post, "The Plum Line - Obama: GOP successfully outplayed us on health reform", which shows Obama realizing he screwed up last year by bending over backwards during the…

Highlights The US dollar is broadly lower in anticipation of a joint EU-IMF rescue for Ireland, reigniting risk appetite and demand for higher yielding currencies, along with commodities.  The euro continued to gain on the dollar,…