February 07, 2012 | 08:12 AM | Posted by David Mason

In a mad rush to meet the demands of the European bailout fund, the Greek government will cut 15,000 public sector jobs by the end of this year. This move is an attempt to rectify the country’s private debt problem, which must be satisfied in order for the next bailout to take place. Greece has a bond...

February 06, 2012 | 07:33 AM | Posted by David Mason

Asian stocks were on the rise in early trading, boosted by positive employment numbers in the United States. Non-Farm Employment Numbers show that the U.S. market has added 243,000 jobs. The indices from Japan, Australia and Hong Kong were all up this morning, with Australia’s...

February 03, 2012 | 07:19 AM | Posted by David Mason

Federal Reserve Chairman Ben Bernanke testified yesterday before the House Budget Committee in Washington. Chairman Bernanke confessed that the Fed’s objective of 2% inflation may not be possible if unemployment in America continues to rise. On Wednesday, the ADP Non-Farm Employment...

February 02, 2012 | 07:35 AM | Posted by David Mason

Yesterday was one to remember on Wall Street, with Facebook filing for an initial public offering which could value the social media giant between 75 billion and 100 billion dollars. Facebook’s goal is to raise 5 billion dollars when it starts to sell shares in the spring. The company has produced over...

February 01, 2012 | 08:01 AM | Posted by David Mason

Weak housing data and sluggish consumer confidence in the United States caused investors to dump equities and search for a safer haven with the greenback yesterday. The EUR/USD is down this morning by 0.138% and trading at 1.3066. Gold is down by 0.02% and trading at 1740.05. The Euro...