Arcive of financial news
The dollar will appreciate against the euro, yen, pound and Swiss franc in the next six months as economies in Europe and Asia falter, a survey of Bloomberg users showed.
U.S. investors turned bullish on the greenback after incorrectly forecasting a decline last month, according to respondents in the monthly Bloomberg Professional Global Confidence […]
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China will slow the pace of the yuan's gains as the government seeks to bolster economic growth, said Li Daokui, a researcher at Tsinghua University who attended a meeting hosted by President Hu Jintao last week.
“Fast yuan gains attracted inflows of speculative funds, which not only fuel inflation but also may exit on […]
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Adam Smith, the father of modern economics, will be honored today with a statue in the center of Edinburgh, the first major public monument to the 18th-century philosopher.
The likeness will be unveiled by Vernon Smith, winner of the 2002 Nobel Prize for economics, at 12:15 p.m. on the Royal Mile in the Scottish […]
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Job cuts and outsourcing aren’t the only cost-saving strategies Media General Inc. looks to employ at its major newspapers, including The Tampa Tribune. The company also expects to consolidate and centralize some of its operations.
"We have taken, and are taking, prudent and necessary steps to improve performance in Tampa," said Marshal N. […]
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Japan's bank lending picked up pace for the fifth straight month, the longest period of acceleration since 1995, as the country's economy grew and companies borrowed more to pay for higher-priced raw materials.
Loans excluding credit associations rose 1.6 percent in May from a year earlier, after growing 1.3 percent in April, the Bank […]
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The Hawaii Medical Service Association on Friday reported a $10 million loss for the first quarter of 2008.
The state's largest health insurer said it fell short of its breakeven point by 2.7 percent of dues revenue in the first quarter of this year, which continues to be outpaced by rising health-care costs. […]
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New Zealand's annual inflation rate probably accelerated in the first quarter, exceeding the top of the central bank's target band and adding to signs Governor Alan Bollard may delay cutting record-high interest rates until 2009.
The consumer prices index rose 3.5 percent in the year ended March 31 from 3.2 percent in December, according […]
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New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday.
The Labor Department said applications for unemployment benefits rose to 407,000 in the week ended March 29, up from a revised 369,000 claims in the previous week.
The last time claims were […]
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Moody’s Financial Services downgraded Countrywide Financial Corp.’s bank to a "D" rating late Thursday, according to a Marketwatch report.
According to the report, Moody’s cited "substantial liquidity issues" as the main reason for the downgrade.
The unsecured ratings for Calabasas’ Countrywide Financial Corp instant payday advance. and Countrywide Homes Loans remained unchanged. […]
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A plan to bail out the struggling bond insurer Ambac Financial Group Inc. could be announced Monday or Tuesday, CNBC reported Friday, citing bankers working on the deal.
There is a consortium of banks - including Citigroup Inc (C, Fortune 500)., UBS AG (UBS), Wachovia Corp. (WB, Fortune 500) and Royal Bank of Scotland Group […]
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