Archive for November, 2011

Downgrade Of Banks By S&P Overshadows Better Japanese Data

November 30th, 2011 No Comments »
G10 Advancers and Decliners vs USD
CHF 0.44 09cd4 advancer bar Downgrade Of Banks By S&P Overshadows Better Japanese Data
JPY 0.12 09cd4 advancer bar Downgrade Of Banks By S&P Overshadows Better Japanese Data
89803 decliner bar Downgrade Of Banks By S&P Overshadows Better Japanese Data GBP -0.41
89803 decliner bar Downgrade Of Banks By S&P Overshadows Better Japanese Data EUR -0.49
Overnight we have had a glut of Japanese data released, and most of it has been impressive. In particular, industrial production in October surged by 2.4% MoM, 0.4% YoY, compared to expectations looking for 1.1% MoM, -1.0% YoY. In spite of the encouraging turn of momentum in Japan, the overall tone of investor sentiment remains negative – caused predominantly by yesterday’s spate of bank…

Facebook Reaches Settlement With FTC On Privacy Issues – Update

November 30th, 2011 Comments Off

The Federal Trade Commission said Tuesday that Facebook has agreed to settle charges that it misled consumers about its use of their personal information. The proposed settlement requires the social networking site to respect the privacy wishes of its users in future and also subjects it to regular privacy audits every two years for the next 20 years.


FCC Permits AT&T To Withdraw T-Mobile Merger Application – Update

November 30th, 2011 Comments Off

The Federal Communications Commission on Tuesday agreed to allow telecom giant AT&T Inc. (T) to withdraw its application seeking regulatory approval of its proposed $39 billion acquisition of Deutsche Telekom AG’s (DTEGY.PK) T-Mobile USA.