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Canadian Dollar May Break Support On BoC Rate Cut
The Canadian Dollar would steadily fall throughout the week as weak fundamental data and declining commodity prices lowered growth expectations for the...
Daily FX

Stocks surge as investors bet on consumer spending (Reuters)
U.S. stocks jumped on Friday as investors bet that a steep drop in oil prices will boost consumer spending, lifting retail stocks and offsetting government data showing half a million jobs were lost in November.
yahoo.com

‘Terrible’ American job losses reach 34-year high and send oil price tumbling again
More than half a million Americans lost their jobs last month, official figures indicated yesterday, in the most dramatic sign yet of the economic crisis engulfing the United States. The worst mo...
Telegraph

RMK Multi-Sector High Income Fund, Inc.: RMK Multi-Sector High Income Fund, Inc. Monthly Dividend Declaration
NEW YORK, NEW YORK (MARKET WIRE) RMK Multi-Sector High Income Fund, Inc. (the 'Fund') (NYSE: RHY) today announced that its Board of Directors declared a monthly dividend of $0.010 per share, payable on December 24, 2008 to stockholders of record on December 16, 2008. The ex-dividend date is December 12, 2008. Based on the NYSE closing price of $0.52 on December 4, 2008, the Fund's annualized dividend yield is 23.08%. Separately, the Fund announced that it will not make any capital gains distributions in December 2008.
Market Wire

The Hyperion Brookfield Strategic Mortgage Income Fund, Inc.: The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. Monthly Dividend Declaration
NEW YORK, NEW YORK (MARKET WIRE) The Board of Directors of The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. (the 'Fund') (NYSE: HSM) declared a monthly dividend of $0.0725 per share, payable on December 24, 2008 to stockholders of record on December 16, 2008. The ex-dividend date is December 12, 2008. Based on the NYSE closing price of $4.54 on December 4, 2008, the Fund's yield was 19.16%. As of November 30, 2008, the Fund's average duration, as measured on a net asset basis, was 4.7 years. Separately, the Fund announced that it will not make any capital gains distributions in December 2008.
Market Wire

RMK Advantage Income Fund, Inc.: RMK Advantage Income Fund, Inc. Monthly Dividend Declaration
NEW YORK, NEW YORK (MARKET WIRE) RMK Advantage Income Fund, Inc. (the 'Fund') (NYSE: RMA) today announced that its Board of Directors declared a monthly dividend of $0.015 per share, payable on December 24, 2008 to stockholders of record on December 16, 2008. The ex-dividend date is December 12, 2008. Based on the NYSE closing price of $0.77 on December 4, 2008, the Fund's annualized dividend yield is 23.38%. Separately, the Fund announced that it will not make any capital gains distributions in December 2008.
Market Wire

RMK High Income Fund, Inc.: RMK High Income Fund, Inc. Monthly Dividend Declaration
NEW YORK, NEW YORK (MARKET WIRE) RMK High Income Fund, Inc. (the 'Fund') (NYSE: RMH) today announced that its Board of Directors declared a monthly dividend of $0.015 per share, payable on December 24, 2008 to stockholders of record on December 16, 2008. The ex-dividend date is December 12, 2008. Based on the NYSE closing price of $0.76 on December 4, 2008, the Fund's annualized dividend yield is 23.68%. Separately, the Fund announced that it will not make any capital gains distributions in December 2008.
Market Wire

Fort Lauderdale’s La Preserve faces foreclosure
. The 67-home project, by Fort Lauderdale-based Glenn Wright Homes, offered homes priced from $700,000 to more than $1 million. It is located near Southwest 21st Street and Southwest 15th Avenue, in ...
Big News Network

Australian Dollar Trading to Follow Global Stock Performance
Australian dollar price action was restricted to a clearly defined trading range last week despite a heavy dose of economic event risk. The data docket...
Daily FX

Chinese property hunters to raid US
Chinese bargain hunters are preparing to descend on American cities such as Los Angeles and San Francisco, where homeowners have suffered steep price falls
Financial Times

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