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UK Commission On Banking report

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Monday, 11 April 2011 10:35

The UK Commission on Banking will recommend the country’s largest banks will be required to hold core Tier 1 capital levels of about 10 %, the report falls short of a full break of up retail and investment banking.

Muammar Gaddafi accepts roadmap

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Monday, 11 April 2011 10:21

Muammar Gaddafi has accepted a roadmap for ending the conflict in Libya including an immediate ceasefire, the African Union has said, but an opposition representative said it would only work if Gaddafi left power.

Chinese slowdown, first deficit in 7 years

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Monday, 11 April 2011 08:14

China spends its way out of economic depression and this has led to a fiscal deficit of 111bn yuan last year, this is despite a near 20 % rise in tax revenues and a record surplus of 1.19 trillion yuan in the first six months of the year.

Slow start to the week and Turkey going Nuclear?

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Monday, 11 April 2011 07:42

Overnight we have seen the Euro ease off its highs against the dollar, will be interesting to see if it continues its charge in the coming week

The ECB, IMF & European Commission

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Sunday, 10 April 2011 06:02

The ECB, IMF and the European Commission will be meeting this coming week to determine the exact details of Portugal’s bailout, Portugal is the third European nation to require a bailout since the global crisis occurred in mid 2009.

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