“The euro will continue to constitute a major tool for our development,”
Barroso told the European Parliament today in Strasbourg, France. “Those who
think it can be put into question must realize we will stick to our course. The
European Union has the necessary framework to address all
NZPA The New Zealand sharemarket is still a better bet than cash or bonds,
despite it appearing to have peaked at the beginning of the year, says AMP
Capital's head of investment strategy. As 2010 began on a weak note, with a
significant reversal in share price improvement, Jason Wong
Feb. 9 (Bloomberg) -- Most Asian stocks fell, led by banks and material
companies, amid mounting concern budget deficits in Europe will derail the
global economic recovery. About five stocks declined for every three that rose
on the MSCI Asia Pacific Index , which fell 0.2 percent to
Feb. 9 (Bloomberg) -- Most Asian stocks fell, led by banks and material
companies, amid mounting concern budget deficits in Europe will derail the
global economic recovery. About five stocks declined for every three that rose
on the MSCI Asia Pacific Index , which fell 0.2 percent to 113.94
The Australian dollar was lower today, as weak equity markets dragged
high-yielding currencies such as the Australian unit down in morning trade. At
midday, the Australian dollar was trading at 86.43 US cents, down 0.24 per cent
from yesterday’s close of 86.64 US cents. It was also
The Australian share market has opened lower, after a luke-warm trading update
from Macquarie Group and wider investor concerns about sovereign debt troubles
in the euro zone. Shortly after the market opened, the benchmark S&P/ASX200
index was down 35.2 points, or 0.8 per cent, at 4486.2
Feb. 8 (Bloomberg) -- Brazil’s biggest banks are moving up forecasts for
interest-rate increases to as soon as next month as concern mounts that an
economic recovery will fuel inflation. Banco Santander SA’s local unit, which
is Brazil’s third- biggest private bank, pushed forward
The blue-chip Dow Jones Industrial Average slumped 103.84 points (1.04 percent)
to end at 9908.39, as a late-day selloff accelerated in the final hour. The
Nasdaq composite shed 15.07 points (0.70 percent) to 2126.05 and the
broad-market Standard & Poor's 500 index lost 9.45 points
At 7am AEDT, the dollar was trading at $US0.8667/71, up from yesterday's close
of $US0.8664/66. From 5pm AEDT yesterday, the local unit traded between
$US0.8644 and $US0.8710. "Event-wise, nothing happened (overnight)," Westpac
New Zealand senior market strategist, Imre Speizer,
The Australian dollar opened slightly higher this morning as currencies remain
in narrow ranges in subdued trade. At 7am, the Australian dollar was trading at
86.67 US cents, up from yesterday's close of 86.64 US cents. It was also buying
77.43 yen, 63.36 euro cents and 55.48 pence. From
Feb. 9 (Bloomberg) -- Most Asian stocks fell, led by banks and material
companies, amid mounting concern budget deficits in Europe will derail the
global economic recovery. About five stocks declined for every three that rose
on the MSCI Asia Pacific Index , which fell 0.2 percent to 113.94
