As the US South Korean naval exercise begins, North Korea deployed surface to surface missiles in the Yellow Sea, and also moved other missiles further south. The North Koreans have vowed that any trespassing of their borders, through land, air or sea, will meet a strong response. And even without these latest movements, North Korea … “North Korea Has 70,000 Cannons Targeted at Seoul”
Category: Forex Bits
Spanish House Prices May Be Lower Than Thought – Problem
There isn’t enough reliable information about the prices of homes in Spain. Most of the data is based on asking prices rather than on actual deals. A growing portion of assets held by Spanish banks are foreclosed homes – currently estimated at 60 billion euros. If they’ll need to reassess prices, they’ll be in deeper … “Spanish House Prices May Be Lower Than Thought – Problem”
Saad Hariri Visits Teheran – Tries Stopping Iranian Takeover
Lebanese prime minister Saed Hariri, son of murdered former PM Rafik Hariri, is visiting Teheran in an attempt to stop the Iran from taking over Lebanon with Hezbollah, once the tribunal submits the indictments against senior Hezbollah militants. Saed Hariri is spending to days in Teheran, the meeting also with president Ahmadinejad, but his chances … “Saad Hariri Visits Teheran – Tries Stopping Iranian Takeover”
Catalonia Elections Could Shake Euro
On Sunday, November 28th, elections are held in Catalonia, one of the richer regions in Spain. The local Socialist party is expected to lose – a “punishment” for the actions of its “mother party” that controls Spain. This can add more weight on the Euro. Here’s a very brief explanation of local politics: A recent … “Catalonia Elections Could Shake Euro”
Hezbollah Indictments Due December 2nd
The special tribunal for Lebanon is expected to publish its conclusions on Thursday, December 2nd, 2010. The conclusions are likely include indictments against senior Hezbollah members. This is expected to raise tensions in Lebanon, to say the least. Evidence obtained by the STL is likely to show that Hizballah assassinated Rafik Hariri, former Prime Minister … “Hezbollah Indictments Due December 2nd”
Spanish Bonds Jump Again – 5.25% and Rising
Spanish 10 year bonds continue weighing on the Euro. 10 year yield has reached 5.25%, continuing rises from yesterday, when Spanish bonds edged up to 5.15%. Many analysts are comparing the Spanish bonds with the benchmark German bunds, but as this article says, the EU aid costs will soon start threatening Germany itself, with a … “Spanish Bonds Jump Again – 5.25% and Rising”
North Korea Fires Warning Shells, South Korean Weak Minister
The tension between North and South Korea is still on, with movements on both sides. The North warns that the joint South Korean American naval exercise is very dangerous and will bring the countries to the brink of war. It even fired warning shells near the island of Yeonpyeong, where the incident on Tuesday happened. The … “North Korea Fires Warning Shells, South Korean Weak Minister”
More Australian Home Owners Struggling
While the report of Fitch on the Australian mortgage market is still good, there still is a rise in the number of struggling home owners. This figure will probably rise: Fitch says it does not expect any substantial improvement in the level of delinquent mortgages until well into next year, as Christmas spending tends to … “More Australian Home Owners Struggling”
Forex.com IPO – Valued at $535 Million
Michael Greenberg reports that Gain Capital, the holder of the very lucrative forex.com domain, values itself at $535 post money. There isn’t a date set for this initial public offering. Greenberg notes that Gain’s IPO is very dependent on a bigger offering in the industry – FXCM IPO, which should happen soon, even on Friday, … “Forex.com IPO – Valued at $535 Million”
Less Forex Scams?
Andriy checked out Google Trends to see how the term forex is doing, and sees that continues to enjoy a steady rise. He also checked out other related phrases and found that “forex scam” is declining since the beginning of the year, after reaching a peak. Are there less forex scams? Andriy doubts that and … “Less Forex Scams?”