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17:12, 13 October 2006
Asia
Africa
South America
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Economic news
Business news
Government
Angola example of oil growth in Africa
ABOARD THE BENGUELA BELIZE PLATFORM, Angola (AFX) - The behemoth rises from the Atlantic Ocean seabed, a testament to Africa's growing importance to an energy-hungry world fearful of its dependence on the explosive Middle East, and to Angola's growing importance within Africa...
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12:36, 12 October 2006
Asia
Africa
South America
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Business news
Government
Oil platform shows Africa's importance
ABOARD THE BENGUELA BELIZE PLATFORM, Angola (AFX) - The behemoth rises from the Atlantic Ocean seabed, testament to Africa's growing importance to an energy-hungry world fearful of its dependence on the explosive Middle East, and to Angola's growing importance within Africa...
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16:19, 14 September 2006
South America
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Economic news
Business news
Central America seeking U.S. retirees
SAN FRANCISCO (AFX) - High in a downtown hotel, Nicaraguan folk dancers twirl in lacy white dresses, their bare feet creating rhythms on the wooden stage, giving their buttoned-down audience a bit of tropical warmth on a foggy afternoon.Their flounce and easy smiles before this roomful of travel experts are part of an effort to promote Nicaragua to Americans who might choose to retire there, attracted by its pristine beaches and colorful culture...
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23:29, 05 September 2006
USA & Canada
Caribbean
South America
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Business news
Government
Turks and Caicos premier to block deal
PROVIDENCIALES, Turks and Caicos (AFX) - Premier Michael Misick said Tuesday he would try to block a Canadian company's purchase of two electric utilities, arguing the companies responsible for serving most Turks and Caicos residents should stay in local hands...
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Forex news • Recent top stories
11:15, Wednesday, 11 July 2007
Stark says EU growth underpinning euro strength; ECB policy still accommodative |
FRANKFURT (Thomson Financial) - European Central Bank board member Juergen Stark said the strength of economic growth in Europe has contributed to the recent appreciation of the euro.Speaking last night at a dinner at the Frankfurt Business Journalists Club, Stark also said one should not "overinterpret" the impact of the day-to-day exchange rate of the euro on growth in the region, adding that ECB monetary policy is "still on the accommodative side"...
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Eurozone & UK
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Economic news
Government
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22:09, Tuesday, 10 July 2007
Euro hits new high against U.S. dollar |
NEW YORK (AP) - The euro shot to an all-time high against the U.S. dollar Tuesday on concerns about the American economy that were fueled by discouraging growth forecasts from key U.S. retailers and homebuilders.The British pound, which has been trading around 26-year highs against the dollar, briefly touched $2...
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USA & Canada
Eurozone & UK
Asia
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Market reports
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WASHINGTON (Thomson Financial) - The US trade deficit rose 2.3 pct in May to 60.0 bln usd as Americans imported more and more expensive oil and other commodities.Economists were looking for a 60.0 bln usd deficit, expecting imports to recover from their April slide...
LONDON (Thomson Financial) - The euro continued to post fresh all-time highs against the dollar, supported by an unexpected upward revision to first quarter GDP growth and robust industrial production figures.First quarter euro zone GDP was revised up to show a 0...
LONDON (Thomson Financial) - The euro climbed to a fresh all-time high against the dollar after a hawkish European Central Bank monthly bulletin, amid ongoing concern about the US sub-prime mortgage market.The ECB said it is monitoring inflation risks closely and remains ready to raise interest rates further if necessary...
TOKYO (Thomson Financial) - Bank of Japan (BoJ) governor Toshihiko Fukui gave no new hints Thursday about when the monetary authority might hike its key interest rates as he reiterated that the bank will gradually adjust rates taking into account downside risks and the upside potential for the economy...
TOKYO (Thomson Financial) - The Bank of Japan kept its overnight call rate target unchanged at 0.5 percent for the sixth straight meeting, but a stray vote by a member of the nine-man board suggested a rate hike may be imminent...
SYDNEY (Thomson Financial) - The US dollar strengthened against the yen after the Bank of Japan on Thursday kept its overnight call rate target unchanged at 0.5 percent for the sixth straight meeting, as widely expected by the market...
WASHINGTON (Thomson Financial) - The White House cut Wednesday its forecast of the federal budget deficit for the fiscal year ending September to 205 billion US dollars, saying an expanding economy will boost tax revenues...
STRASBOURG, France (Thomson Financial) - European Central Bank president Jean-Claude Trichet said the ECB is ready to take "firm and timely action" to counter inflation risks if necessary."Looking forward, firm and timely action continues to be warranted to ensure price stability over the medium term," Trichet told the European Parliament...
SYDNEY (Thomson Financial) - The US dollar dipped against the yen and euro in Asia Wednesday as currency traders remain focused on the US housing market and a heightened risk its weakness could spread to the wider US economy, while carry trades are also under closer scrutiny...
WASHINGTON (AP) - Taking into account the mind-sets of both the public and investors about where prices are headed is a key factor for policymakers working to tame inflation, Federal Reserve Chairman Ben Bernanke said Tuesday...