| Forex Weekly Review and Outlook − Dollar Mixed after Dovish Bernanke ...
Data from Eurozone saw unemployment rate unchanged at 7.2% in Nov, with PPI accelerated to 4.1% yoy. Economic sentiment and business climate both dropped to 104.3 and 0.92 in Dec respectively. Q3 GDP confirmed to grow 2.7% yoy, 0.8% qoq in Q3. Though, retail sales was very weak, dropping -0.5% mom in Nov, dragging yoy rate to the negative side at -1.4%. BoE left rates unchanged at 5.50% today. As usual, BoE did not issue a statement today for keeping rates unchanged and markets will look forward to the minutes to be released on Jan 23 for details of the discussions and vote splits. Markets continues to expect further rate cut from BoE in the near term, in particular after Marks & Spencer, the countries largest clothing retailer, reported a 2.2% falling like-for-like sales. Data from UK were generally soft.
TORCH NEWS TICKER 1/27: Rumble notes, ROH notes including title change ...
Updated throughout the day, it's the Torch News Ticker with all the news and info that's not fit for print. Bookmark it every Monday! Sunday, January 27, 2008 4:00 p.m. - Royal Rumble notes: Former ECW champion C.M. Punk qualified for the Rumble match with a non-title victory over Chavo Guerrero at last night's super show in Providence. Punk brings the total announced wrestlers to 25. ... WWE made additional tickets available for sale at Madison Square Garden after they set up production and the set. - Check back tonight for our live coverage of the Royal Rumble PPV beginning at 8:00 p.m. EST/7:00 CST. - PWG notes: PWG's third show of the year is tonight in La Habra, Calif., with new PWG champion Low-Ki defending against El Generico. Also booked is PWG tag champs Davey Richards & Super Dragon vs.
Scottish brewing giant agrees £7.8bn takeover
Brewing giant Scottish & Newcastle today agreed to a £7.8 billion takeover offer from rivals Heineken and Carlsberg. The European suitors, who have been pursuing Edinburgh-based S&N since October, plan to carve up the business when the deal is completed. The move is set to call time on more than 250 years for the brewer, which also makes Kronenbourg 1664 and Newcastle Brown Ale. .
Google.org expands focus with new philanthropic initiatives
Back in 2004, the Google founders decided to start diverting some of their company's resources towards charity. Determined to be different, Google did not found a charitable foundation, instead setting up a foundation that would mix grants with targeted investments that were hoped to turn a profit. Those profits, plus a percentage of Google's annual income, would fund Google.org going forward, and Google employees would be encouraged to donate time and resources to its work. Google.org had previously started some work focused on renewable energy, but this morning, it announced a number of new initiatives that greatly expands its scope. The Google.org home page now lists five initiatives, including three new ones: Predict and Prevent, Inform and Empower to Improve Public Services, and Fuel the Growth of Small and Medium-Sized Enterprises.
SNP’s non-nuclear policy attacked
Des Browne launched a stinging attack on Alex Salmond's government last night over its steadfast opposition to a new generation of nuclear power stations, branding it "politically immature". The Secretary of State for Scotland, in advance of today's cabinet meeting which is expected to give a green light to the new nuclear build, made clear that a fresh wave of nuclear power stations was "essential" for Britain's security of energy supply and to meet the nation's carbon reduction targets. John Hutton, Westminster's Business Secretary, is to make a statement to MPs on Thursday giving details about the intended mix, including renewables and carbon capture, of Britain's future energy sources. .
Giuliani Challenged on Trail
So when you hear him talk about how he helped your city, what goes through your mind?" asks Claudine Caro, a reporter with Telemundo in Miami. "I'm outraged," he says. It is a difficult time for the Giuliani campaign. Mr. Giuliani hasn't won a primary contest, and polls show him generally running a distant third in Florida. When reporters ask the campaign questions about Mr. Riches's accusations, the campaign arranges interviews with former firefighters who support Mr. Giuliani and are now traveling on his bus in Florida. One of them, former New York City firefighter Paul Iannizzotto, says "there's a lot of emotion with the firemen. I understand their passion, and they want to blame someone." Mr. Iannizzotto, who was on the scene on 9/11, says Mr. Giuliani did plenty to prepare for terrorist attacks and provided the firefighters with all the radios, equipment and respirators they needed to respond and recover.
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