Feb. 5 (Bloomberg) -- U.K. personal insolvencies jumped in the fourth quarter
as the recession pushed up unemployment and forced a record number of Britons
to default on their debts. “It’s not set to get any easier,” Louise Brittain ,
partner in Deloitte LLP’s Contentious
Key Overnight Developments • US Dollar Soars on Risk Aversion as Asian Stocks
Decline • RBA Says Interest Rates to Rise to 4.5% by End of 2010 • Euro Spikes
Higher Against Swiss Franc, SNB Action Hinted Critical Levels Euro tested below
1.3670 against the Dollar
* Kiwi NZD=D4 hovers in a tight range around $0.6870/80 having touched a
five-month low of $0.6844 in the offshore session, as investors sold high
yielding currencies. The flight to safety compounded the kiwi's fall after
markets pushed back their expectation for the first rate rise on
The company, the world’s second-largest foodmaker , widened the spread of each
maturity in its four-part offering, according to a person familiar with the
issue. Kraft is seeking to finance the cash portion of its takeover of Cadbury
Plc. Kraft completed the biggest bond offering by a
THE share market has fallen heavily in opening trade, after world markets
plunged overnight. At 10.15am AEDT the benchmark S&P/ASX200 index was down
113.8 points, or 2.46 per cent, at 4507.8, while the broader All Ordinaries
index fell 117.4 points, or 2.53 per cent, to 4526.7. On
AAP At 0700 AEDT, the Australian dollar was trading at $US0.8661/64, down 1.72
per cent from Thursday's close of $US0.8813/15. From 1700 AEDT, the local unit
traded in a wide range between $US0.8607 and $US0.8815. Commonwealth Bank Vice
president of institutional banking and markets, Tim
The Australian dollar opened a whopping 1.5 US cents lower as investors dumped
the currency on global risk aversion stemming from US jobless claims and
growing European sovereign debt. At 0700 AEDT, the Australian dollar was
trading at $US0.8661/64, down 1.72 per cent from Thursday's close
At 7am AEDT, the dollar was trading at $US0.8661/64, down 1.72 per cent from
yesterday's close of $US0.8813/15. From 5pm AEDT, the local unit traded in
a wide range between $US0.8607 and $US0.8815. Commonwealth Bank Vice president
of institutional banking and markets, Tim Kelleher,
* Kiwi NZD=D4 resumes around $0.6870/80 having slipped as low as $0.6844 in the
offshore session as investors shun risky assets and high yield currencies. The
flight to safety compounds the kiwi's fall after weak jobs data that pushed
back expectations for the central bank's first rate
Feb. 4 (Bloomberg) -- Canada’s dollar dropped the most against the yen in
almost a year as an unexpected increase in U.S. jobless claims and Europe’s
deficit troubles led to a rout in commodity prices and equities. The loonie
fell to the weakest level since November against the U.S.
The company, the world’s second-largest foodmaker , widened the spread of each
maturity in its four-part offering, according to a person familiar with the
issue. Kraft is seeking to finance the cash portion of its takeover of Cadbury
Plc. Kraft completed the biggest bond offering by a
