News

Sales of Nintendo’s Wii U console have been weaker than expected, leading to slashed profits

Days Out; On the trail of York's historic lavatories

Where the Romans spent a penny

Euro slides versus dollar and yen

THE EURO slipped against the dollar and yen in very light US trading yesterday, falling to a low of $1.0077 before finding support near $1.0090.

TOURIST RATES

Australia ($) 2.4112

MARKETS: CURRENCIES

THE POUND will probably hold gains against the euro and dollar this week as reports are expected that make the Bank of England more likely to raise interest rates in the months ahead.

Outlook: Triple parity

ALL MARKETS have a tendency to overshoot, both on the upside and downside, and no more so than with currencies, which sometimes stray an awfully long way from any level that can sensibly be justified by economic fundamentals. We appear to be in one of those phases right now.

Salomon lures Japan's Mr Yen

THE ACADEMIC known as "Mr Yen" for his unerring ability to move the Japanese currency markets has been poached by America's biggest bank, writes Dan Gledhill.

Debtor told to sell eyeball, kidney and parts of his liver

A DEBT collector was arrested after trying to force a Tokyo man aged 62 to sell his kidney, an eyeball and parts of his liver to settle an overdue loan.

Around the World's Market: Tokyo

JAPANESE SHARES surged 3 per cent as a weaker yen eased fears of a further runaway rise in the currency, which could undermine Japan's fragile economic recovery.

Markets on knife-edge as G7 shuns yen intervention

THE GLOBAL financial markets were left on edge by Group of Seven ministers and central bankers at the weekend, uncertain whether this week will bring joint intervention in the currency markets.

TOKYO MARKET: The suffering continues for exporters

SHARES in Japanese exporters may fall this week on concern that further gains by the yen against the dollar will reduce their earnings when repatriated. Retailers and pharmaceutical companies should gain because their earnings are less influenced by exchange rates and they are likely to benefit from economic recovery.

Travel: Something to Declare: THE COLUMN THAT GIVES THE GLOBAL PICTURE

Bargain of the week:

Slide in dollar could jeopardise rapid global recovery, warns IMF

A RAPID slide in the dollar could undermine US and world economic growth, the International Monetary Fund warned yesterday.

Dollar falls as Bank of Japan dashes hopes of intervention

THE DOLLAR shed its recent gains against the yen, dropping sharply yesterday after a double blow from the Bank of Japan and from dire US trade figures.

Stock markets tumble as record US deficit adds to dollar's woes

STOCK MARKETS in London and New York dropped sharply yesterday as the dollar was hit by a double blow of dire US trade figures and the Bank of Japan's refusal to intervene to help reverse recent gains in the yen.

Japan set to pave way for G7 intervention over yen

THE STRONG yen will be at the top of the agenda for finance ministers and central bankers from the Group of Seven industrial nations when they meet at the weekend.
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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003