Feb 27

European stocks fall sharply as euro gains against dollar

LONDON: European stocks, which have performed strongly recently, fell back yesterday, with London banking shares undermined by concern about bad debts and US-exposed companies hit by weakness of the dollar.
In London the FTSE index of 100 leading shares fell 0.29% to 6,122.10 points.
In Frankfurt the DAX index of 30 leading shares shed 0.98% to 6,411.96 [...]

Feb 27

Forex – Rally in EURUSD Becomes Exhausted After Mixed US Data

DailyFX Fundamentals 11-29-06
By Kathy Lien, Chief Strategist of www.dailyfx.com
??? Rally in EURUSD Becomes Exhausted After Mixed US Data??? Japanese Yen Rebounds on Firmer Data??? Commodity Currencies Slide After Horrid Australian Trade Data
US Dollar ??“ After a week of losses, the US dollar is finally bouncing. It remains to be seen whether this move is real [...]

Feb 27

Currency report: Zoty gains as rates stay put

The z?oty gained clearly last week against the euro and US dollar. The EUR/PLN cross fell to z?.3.86 and USD/PLN to z?.3.045, which was at its lowest level for two months.
The z?oty was lifted by improved emerging markets sentiment and a weakened US dollar, and was unfazed by a central-bank projection showing inflation set to [...]

Feb 27

Daily Forex Market Commentary-11/08/2006

Daily Market Commentary for November 8GFT Daily Forex Market Commentary by Cornelius Luca
The dollar sank aggressively in early US Tuesday trading but then recovered some help from the strong US stock indices.
Euro/dollarEuro/dollar surged to a six-week high of 1.2818 in early US trading but hen gave back about half of those gains. With no new [...]

Feb 27

Dollar edged lower on speculation of higher unemployment October revision.

By Jean-Claude Braha – ACM Senior Trader
Yesterdays News and Events:
The Dollar edged lower on Tuesday in light and mostly technical forex trading in absence of key US economic data. Volumes are thin ahead of US Thanksgiving holiday on Thursday. The Japanese currency has been under pressure, with investors selling this low-yielding currency against higher-yielding currencies [...]

Jan 29

UK consumer confidence falters in face of 2010 uncertainty

By Angela Monaghan, Economics ReporterPublished: 6:15AM GMT 06 Jan 2010
The building society’s monthly index fell to 69 from 74 in November – the sharpest drop since November 2008 – as consumers faced a year of economic uncertainty.
“The five point fall in confidence in December suggests that an element of caution may have begun to creep [...]

Jan 6

‘Avatar’ makes $4.8m on opening day in China

APPublished: 7:06AM GMT 06 Jan 2010

Avatar has become the fastest film to make $1 billion in ticket sales
Avatar raked in 33m Chinese yuan on Monday, in a 3-D, 2-D and IMAX joint release, Weng Li, spokesman for state-run film importer China Film Group told The Associated Press in a phone interview on Wednesday.
Mr Weng called [...]

Jan 6

Reed Elsevier leaked memo shows US business on blocks

By Helia Ebrahimi, Senior City CorrespondentPublished: 4:53PM GMT 06 Jan 2010
Reed Elsevier
The moves, expected in the next six months, were revealed in a leaked internal memo from John Poulin, chief executive of Reed Business Information (RBI) in the US.
Reed Elsevier tried to sell its global business information division, which includes magazines Estates Gazette and Variety, [...]