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.

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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.

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.

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.

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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