The yen fell against higher-yielding currencies including the Mexican peso and Australian dollar as stocks rose, reducing demand for a refuge.
The dollar advanced from almost a three-month low against the euro on concern the greenback’s recent drop would be hard to sustain. The U.S. currency declined 1.7 percent last week as investors speculated that a [...]
Posts Tagged ‘commercial banks’
Yen Drops Against Most Major Counterparts as Stock Gains Dim Haven Demand
August 9th, 2010 by Financial Writer
Tags: bank of america, bank of japan, commercial banks, economists, economy activity, european stocks, Federal Reserve, investors
more...Business warns regulation may crimp recovery
January 27th, 2010 by Financial Writer
Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s.
The worried response to U.S. President Barack Obama’s plans to curb big banks and a British assault on bankers’ pay came as 2,500 business leaders and policy makers [...]
Tags: business, commercial banks, financial industry, financial sector, global business, recession, world economic
European stocks fall on eve of key US jobs data
January 7th, 2010 by Financial Writer
Europe’s leading stock markets dropped on Thursday, the eve of major US jobs figures, and as British investors awaited the Bank of England’s latest decision on interest rates.
London’s benchmark FTSE 100 index fell by 0.29 percent to stand at 5,514.37 points in late morning deals.
Frankfurt’s DAX 30 shed 0.83 percent to 5,984.19 points and in [...]
Tags: british investors, commercial banks, european stocks, leading stock, us jobs, wall street stocks