Bank of England policy maker Spencer Dale joined Andrew Sentance and Martin Weale in voting for an interest-rate increase this month as a growing number of officials said the case for tightening policy had “grown in strength.”

“For three members, the case for removing some monetary stimulus at this meeting was compelling,” according to minutes of the Feb. 10

A company founded by millionaire Fouad Al-Zayat is asking the U.S. Supreme Court to help it secure a payment of about $8 billion on German bonds that Adolf Hitler ordered into default 78 years ago. Al-Zayat, 69, began buying the debt more than a decade ago in a bet that Germany is still on the hook for bonds issued near the end of the Weimar Republic, and that their value has soared because i

EUR/USD: The Eurusd rallied towards 1.3587 levels after solid support was seen near 1.3500 levels on continuous talk of sovereign buying. Daily stochastic is showing upside momentum. Looking ahead today, Current Account data expected better. As mentioned earlier, If Euro stays below 1.3510 levels, we expect further downside towards 1.3425 levels. Short term: Slight bullis

U.S Dollar pushed higher on Wednesday, extending its recovery from 81.10 low on early February to fresh 2011 highs right below 84.00 where the pair hit resistance and pulled back on US session to consolidate above 83.59 during Asian trading.

The pair is trying to extend its retreat ahead of the European session opening testing 83.50 (session low/Feb 16 low), with net support le

USD/JPY  has continued its rise after breaking out above a clear triangle consolidation stemming from the early November long-term low, and then subsequently breaking out above the 83.00 resistance level. After pulling back slightly to re-test 83.00, now as support, price is currently targeting key further upside around the important 84.50 level, which served as significant resistanc

New home construction rose in January, but permits for future building declined during the month, the government reported Wednesday.

Housing starts, the number of new homes being built, rose 14.6% to an annual rate of 596,000 in January, up from 520,000 in December, the Commerce Department said.

U.S. stocks opened lower on Tuesday after data showed weaker retail sales last month, raising a question mark about a recovery in consumer spending.

The Dow Jones industrial average .DJI was down 35.04 points, or 0.29 percent, at 12,233.15. The Standard & Poor's 500 Index .SPX was down 3.39 points, or 0.25 percent, at 1,328.93. The Nasdaq Composite Index .IXIC was down 6.97 poin

Vote now for our country !Komodo Island is the NEW 7 Wonders of The World

The spot price of gold hit a four-week high on renewed investor interest in bullion as a hedge against rising inflation.

"The news comes amid a series of warnings by various financial ministers over the threat of inflation on the economic recovery, and is sending investors to gold as a traditional inflation hedge," said FastMarkets.com analyst James Moore.But while the move

President Barack Obama will send Congress a $3.7 trillion budget that would reduce deficits by $1.1 trillion over a decade, setting up a battle with Republicans who have already deemed the plan insufficient to reduce federal debt.

The deficit for the current fiscal year is forecast to hit a record $1.6 trillion -- 10.9 percent of gross domestic product -- up from $1.4 trillion the admi

Our attempt to trade from the long side failed here on Friday when EURUSD briefly traded below the 1.3500 level. However, the daily chart still looks slightly bullish here and as long as the prices stay abv 1.3450/30, another rise twd 1.4045 is likely to be seen. However, the daily oscillators now point down, so the immediate pressure is on the downside. Thus, to signal the next leg

State TV says President Hosni Mubarak will speak to the nation Thursday night from his palace in Cairo.

The announcement comes after Egypt's military proclaimed on national television that it stepped in to "safeguard the country" and assured protesters that Mubarak will meet their demands. In Washington, the CIA chief said there was a "strong likelihood" Mubarak will ste