Archive for March, 2009
Barack Obama departs US for key Europe summits
PRESIDENT Barack Obama headed to Europe today on the first overseas trip of his young presidency to hold crucial meetings on the economic crisis and with America’s military partners in NATO. Seldom has a US president faced such a stern first test …
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Yen Falls, Heads for Quarterly Drop on Japan’s Economic Slump
March 31 (Bloomberg) — The yen fell to a three-week low against the dollar and headed for its biggest quarterly loss since 2001 after Japan’s Prime Minister Taro Aso said the world’s second-largest economy is still in a state of crisis. The …
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Molson Coors CEO Peter Swinburn earns $5.6M in ‘08
MILWAUKEE (AP) – Molson Coors Brewing Co.’s chief executive, Peter Swinburn, earned $5.6 million in 2008, according to Associated Press calculations of data filed with regulators Tuesday. Swinburn, 56, took over as chief executive and president of …
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European March Inflation Slows to Lowest on Record (Update1)
March 31 (Bloomberg) — Europe’s inflation rate dropped more than economists expected to the lowest on record in March as the economic slump intensified across the region, adding to concerns that deflationary pressures are emerging. Inflation in …
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British pound falls from new multi-day highs against most majors
(RTTNews) – Tuesday in early European trading, the British pound pared its Asian session gains against the US dollar, the European currency and the Swiss franc. The pound thus declined from a 4-day high against its US and Swiss counterparts and a 6 …
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Canada’s Dollar Gains for First Day in Three as Greenback Falls
March 31 (Bloomberg) — Canada’s currency strengthened for the first day in three as stocks and crude oil advanced and the U.S. dollar depreciated against most major currencies. ‘We see stocks rallying and the U.S. dollar generally weaker — the …
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EU, euro economic confidence drops again
BRUSSELS (AP) — EU and euro-zone business and consumer confidence dropped again in March to the lowest level in 24 years, the European Commission said Monday. The survey of how companies and shoppers see the economy fell more slowly than in the …
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Business students exchange cultural differences
One day, Lyle F. Schoenfeldt hopes all 330 million Americans will visit China, and for that matter, he hopes all 1.3 billion Chinese citizens will visit the United States. Schoenfeldt, business management professor, hasn’t quite reached his goal …
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Indian rupee up on day, but down sharply in 2008/09
MUMBAI, March 31 (Reuters) – The Indian rupee rose nearly 1 percent as shares gained on Tuesday, a small positive at the end of its biggest fiscal-year fall since the since the 1991/1992 balance of payment crisis on Tuesday. The partially convertible …
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Forex Trading − Threat of the U.S. Auto Bankruptcy Boosts the Dollar
Receive up to $1,000 cashback on deposit, reliable analysis & high level of client support. Register today for a Demo Turmoil in the U.S. auto industry had currency traders moving into safe haven positions of the Dollar and Yen. Further equity losses …
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