Archive for May, 2009

The Bank of Canada released today the revised Standard Terms for its securities-lending program available to Primary Dealers (PDs) in Government of Canada securities.

The 13-day extended programme of the Standard Bank Jazz Festival, taking place in Grahamstown from 21 June to 4 July, will warm jazz-loving souls who courageous the Eastern Cape winter to experience one of highlights of South Africa’s jazz calendar.

A total of 15 theatre productions, drawing on the talents of artists from 15 different countries, are on offer on the main programme of the 2010 National Arts Festival taking place in Grahamstown in the Eastern Cape from 20 June to 4 July.

From passionate flamenco, hauntingly gorgeous classical ballet and vibrant Eastern Cape traditional dance to cutting-edge performance art installation, the dance offering at the 2010 National Arts Festival is set to mesmerize audiences with top national and international dance talent.

The financial turbulence that began in the U.S. subprime-mortgage
market in August 2007 reached maximum intensity towards the end of 2008, and enveloped the entire global economy.

Price action on AUD/USD, a daily chart of which is shown, is closing out a decisively bullish week that saw the pair break cleanly above 0.7400 and then follow-through all the way up to a high above 0.7600.

CURRENCIES: 05/08/09 Higher closes yesterday for the Euro Fx, Aussie Dollar and dollar index while lower for the Canadian Dollar, British Pound, Swiss Franc and Japanese Yen.

Chinese stocks had a phenomenal week with the Hang Seng leading the charge, up 12.04% since the end of last week, at 17,389.87. Taiwan closely followed, powered by speculation of cross-strait M&A, the TAIEX index rose 9.87% to 6,583.87.