The U.S. dollar is again the focus of concern in the markets - it's hit record lows against the euro with growing worries about the state of the U.S. economy. Nonetheless European shares rose in early trade as nervous investors took refuge in defensive stocks such as pharmaceuticals. But credit and economic worries remain, dragging down financial and mining stocks. But firms' planning has been dogged by uncertainty over oil prices, which are settling at xxx after reaching a record high just shy of 100 dollars per barrel on Wednesday. . German economic growth rebounded in the third quarter buoyed by domestic demand, but high oil prices and a strong euro put firms on the defensive, and the pace of expansion is slowing. On the year the economy grew by 2.4 percent in the third quarter. One company not letting the surging oil prices keep them down is Air France KLM . The world's biggest airline posted stronger-than expected results, with quarterly profits jumping 28 percent...
Exporters and automakers among the big losers as investors eye growing signs of a U.S. recession. MOREINFO: The dollar slumps; taps record low agsint the Swiss Franc SCRIPT: Asia stocks...
The U.S. dollar is under assault. It now takes $1.51 just to get 1 euro - that's the first time that's happened since the euro launched nine years ago. And it's not just the euro riding high. The...
Asia stocks fell on Thursday with exporters such as Honda bruised by fresh fall in the ailing U.S. dollar. Japan's benchmark Nikkei slid 3.3 percent (12,433), reversing gains earlier in the week....
A plummeting U.S. dollar was the focus of Asian trade on Friday. The greenback tapped a fresh record low agains the euro in a thin market. The dollar also slid to its lowest level agins the yen in...
Venezuela's President Hugo Chavez arrives in Iran with a blunt warning to Washington: - more aggression in the Middle East will drive oil prices through the roof. Chavez arrived in Tehran on the...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
Currency movements were the main Asia focus on Monday with the dollar continuing a recent rebound. A downtrend in oil prices have sent investors scurrying to again buy the U.S. currency. Gold...
News that Citigroup sold a stake in itself buoyed Japan stocks and the dollar, but Hong Kong hit by Bank of China stake sale. MOREINFO: Dollar rallies as Citigroup news warms risk demand....
The Canadian dollar made headlines throughout 2007, and its turn from lacklustre to lofty secured its fame Thursday as Time magazine's Canadian Newsmaker of the Year. - Over the past 12...
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