INTEREST RATES AT ECB EXPECTED TO REMAIN ON HOLD. The European Central Bank (ECB) is expected Thursday to leave interest rates on hold at their historic low of 1 per cent, but to raise its economic growth forecasts amid signs that the recession could be starting to draw to an end. In particular, this follows the release of figures Wednesday by the European Union's statistics office Eurostat confirming that the eurozone's two biggest economies - Germany and France - climbed out of recession ... Read More

AUSTRIA BEATS GLOBAL GLOOM AND DOOM. Australia’s Government handouts and mineral exports to China have kept Australia out of recession, officials in Canberra said Wednesday. The economy grew 0.6 per cent in the June quarter, making it the only advanced economy not to experience contraction this year. Stimulus packages costing 42 billion Australian dollars have taken the budget deeply into deficit and generated fears of not just higher interest rates but ... Read More

LENIHAN TO DEAL WITH BAD BANK LOANS. Finance Minister Brian Lenihan is looking at a major change to NAMA. This change will prevent banks from handing over their bad loads for cash from the government. Mr. Lenihan is also expected to release more information on the NAMA purchases next month. For right now he is looking at everything everyone including the Green Party had to say ... Read More

Foreign Banks Getting Run Out of Ireland! The Irish Times has quoted Dutch Lender Rabobank as saying its no longer possible for foreign banks to trade in Ireland. This comes on the heals announcing it had set aside € 1 billion to cover losses on the € 4 billion loan book at the Irish subsidiary ACCBank. The Dutch Lender has ... Read More

TIME TO WATCH THE STOCKS With the recent downturn to the market we are now beginning to see a little light at the end of the tunnel. For the last 6 months the FTSE is showing an upturn gradually and slowly it is showing an upturn. We look at the FTSE and see it has in fact risen 2,106.77 points in the last 6 months that’s equivalent to 51.11%. This is a good sign that now is the time to get back into ... Read More