News
From Live Trading News: 24 hour online equity, forex trading, News, Tips, Trading from charts, and live support.
Asia Currency Preview AUD, EURO, USD, JPY
EUR taps 4 month Low
USD-JPY: 79.85.. EUR-USD: 1.2848
EUR-USD taps 4 month low: The US Dollar index has slipped off its best levels of the session, but still holds modest gains near 80.55. EUR-USD is -65 pips at 1.2855 and near its best levels of US trade after reports surfaced that attempts to form a new Greek government will continue tomorrow. The more pressing issue is whether or not to [...] 
Hong Kong Lowers Taxes
Hong Kong to abolish "capital duty" beginning in June
The "capital duty" currently levied on Hong Kong companies will be abolished in June, the city's Registrar of Companies Ada Chung said Sunday.
The scope of the abolition relates to the amount of nominal share capital for registration of a company, an increase in the nominal share capital after incorporation and the amount of premiums for [...]
ASEAN Stock Market Preview Singapore, Hong Kong, China
ASEAN markets will open lower after yesterdays session in New York, but may rally in the afternoon session.
Stocks slid on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought.
European finance ministers grappled with the costs of keeping Greece in the euro area [...]
China, Japan and South Korea Free Trade Agreement
China, Japan and S. Korea (ROK) set FTA talks, with focus on Asia stability
China, Japan and the Republic of Korea (ROK) Sunday agreed to launch talks on a free trade area (FTA) later this year as their leaders gathered in Beijing.
Chinese Premier Wen Jiabao announced the plan at a joint press conference held after a tri-lateral meeting with Japanese Prime Minister Yoshihiko Noda and ROK Pr [...]
Robert Shapiro's LegalZoom set for a US$120-M IPO
Robert Shapiro's LegalZoom set for a US$120-M IPO
LegalZoom.com Inc., an online provider of legal services for consumers and small businesses, has filed to raise as much as US$120-M in an initial public offering (IPO).
The California company was founded in Y 1999, and offers self-help legal documents such as divorce and bankruptcy forms, real estate leases, prenuptial agreements and wills.
[...]
1957 Ferrari Testa Rosa C Spyder tops Monaco sale
Ferraris took the top 3 lots in a $41.8-M R-M auction in Monaco over the weekend.
The Spyder, raced in California during the 1950's, was one of 22 classic Ferraris offered by R-M Auctions in Monaco in a 2-day weekend event. It sold for 5-M Euros (US$6.5-M) including fees to a telephone buyer.
Ferrari SpA is the #1 brand for established collectors and wealthy individuals looking to diversify [...]
Aerosmith on American Idol
Aerosmith guitarist Joe Perry has announced the band will be
performing on American Idol's season finale.
While telling Rolling Stone magazine about the bands scheduled
performance on the reality hit show, he also made it clear he no
longer opposes Steven Tyler's role on the show.
"[My anger] wasn't about the show - it was about how we found out
about it [on the internet]," Perry said. [...]
Lady Gaga Born This Way Ball
Lady Gaga has come out and said that her latest stage show spectacular
makes her throw up.
Gaga said that the routines she performs during her 'Born This Way
Ball' tour makes her physcially sick becuase they are so intense.
"Yes Tokyo! Tonight was the first BtwBall that I didn't puke during
show. (yes its that hard) (sic)," GaGa told her 20 million plus
followers on Twitter.
After [...]
Porsche to Stay Top End
Porsche will not produce entry-level model
German sports car maker Porsche (DE:VOW3),(DE:PAH3) dropped plans to build a 2 seat vehicle smaller and cheaper than its Boxster model, Stuttgarter Zeitung reported Saturday, citing Chief Executive Officer Matthias Mueller.
Such a move would risk diluting the brand and alienate traditional customers, according to Mr. Mueller.
"We would do no goo [...]
Thai Wage Hike Creates Inflation Surge
Inflation and Social Problems Arise from 300b Minimum Wage
According to the Thai National Food Institute's report, the scheme of minimum wage rise which has been effective since 1 April has contributed to an increase of 5-20% in food production cost.
Besides, food prices in the country are also expected to rise by about 5% this year due to several negative factors; higher fuel prices, the go [...]
