Archive for October, 2008
FOREX-Dollar, yen gain as risk appetite diminishes – Reuters
NEW YORK, Oct 31 (Reuters) – The U.S. dollar and yen gained ground on Friday, as investors turned more cautious and after equity share prices worldwide resumed their decline amid fears about a possible recession. The dollar, which was on track for …
Read More …
Vultures Help European Stocks Fly – Forbes
Bargain hunters and defensive stock-pickers won the day in Europe on Friday, as shares staged a late rally after a gloomy morning’s trading. The Dow Jones Euro Stoxx index of 50 leading shares gained 2.5%, to 2,591.76 points. Britain’s FTSE 100 …
Read More …
UPDATE 1-Carnival suspends dividend, shares fall – Reuters
NEW YORK, Oct 31 (Reuters) – Carnival Corp (CCL.N: Quote , Profile , Research , Stock Buzz ) said it is suspending its quarterly dividend and has experienced a further slowdown in booking volumes, sending shares of the world’s largest cruise ship …
Read More …
Dollar rises as markets look to ECB meeting – Forbes
NEW YORK – The dollar rose against most major currencies Friday, recovering some of its losses this week. The release of U.S. GDP on Thursday, which revealed that the economy contracted in summer, was still less grim than expected. That report and …
Read More …
Centrica taps shareholders for 2.2 billion pounds – Boston Globe
LONDON’” British gas company Centrica said Friday it planned to tap shareholders for 2.2 billion pounds (about $3.6 billion ) through a new share issue to pay for the potential acquisition of a 25 percent stake in electrical utility British Energy …
Read More …
CANADA FX DEBT-C$ bounces back to finish week higher – Reuters
TORONTO, Oct 31 (Reuters) – The Canadian dollar rebounded to close higher against the U.S. dollar on Friday and secure its first weekly gain in five weeks as traders backed out of long U.S. dollar positions. Domestic bond prices fell across the curve …
Read More …
Global mkts show mixed response – Times of India
BANGKOK: Asian markets were mixed on Friday. At the start of trading, the Dow Jones industrial average rose 45.32, or 0.49%, to 9,226.01. The S&P 500 index rose 4.69, or 0.49%, to 958.78. Meanwhile, the Bank of Japan cut its key interest rate for the …
Read More …
Indian Oil posts Rs.70 bn loss, seeks more oil bonds (Third Lead) – Thaindian.com
New Delhi, Oct 31 (IANS) Urging the government to fully compensate its losses due to under-recovery from sale of subsidised fuel, Indian Oil Corp (IOC), which posted a loss of Rs.70 billion in the second quarter, has asked for an increase in the …
Read More …
Crisis threatens Ukraine as Euro 2012 soccer host – Boston Globe
KIEV, Ukraine’” Ukraine’s financial crisis is threatening the country’s ability to host the 2012 European Championship because construction projects have stalled due to a liquidity crunch. The chairman of Ukraine’s organizing committee, Evhen …
Read More …
Commodities Post Biggest Monthly Drop in 52 Years on Economy – Bloomberg
Oct. 31 (Bloomberg) — Commodities had the biggest monthly drop since at least 1956 on concern that a slump in global economic growth will sap demand for raw materials. In October, the Reuters/Jefferies CRB Index of 19 raw materials plunged 22 …
Read More …