Archives for May 2008

PARIS (Thomson Financial) – European Governing Council member Christian Noyer said the crisis in financial markets is not yet over and expressed concern over sharp currency moves. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

[Tags]financial, news, thomson, content, forbes, , forex news[/Tags]

Canada’s paper currency is gradually losing the tiny bumps placed in the upper right corner of modern bills that have helped the blind know what denomination they have in hand. The raised dots are not braille but are arranged in patterns that a blind person can feel to quickly identify a denomination, from $5 to $100. The dots were added to the so-called Canadian Journey series of bank notes, introduced in 2001 after extensive consultations with groups representing the visually impaired. The Canadian Journey series has other special features to help those with poor vision – larger numbers, contrasting colours – but the blind have no other option except a device that reads the bill and indicates its denomination by tone, vibration or even voice. A spokeswoman for the Bank of Canada said officials are working on the problem for the next series of notes, which are being revamped to stay one step ahead of counterfeiters. read more

[Tags]bank, blind, dots, , canadian, denomination, forex news[/Tags]

ROME, May 22 (Reuters) – The new head of Italian business lobby Confindustria said on Thursday that, with the strong euro hurting exporters, the European Union must convince the Group of Eight to speak out on exchange rates and involve China. Emma Marcegaglia, newly installed as the first woman head of the influential employers’ group, also said in a speech that a global economic slowdown had highlighted economic weaknesses in Italy, which needed “difficult and unpopular” reforms. More Asia Company and Markets News. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. read more

[Tags]news, reuters, business, , delayed, economic, forex news[/Tags]

As crude oil hovered above $127 per barrel in the global markets, the peso closed at its intra-day low of 43 after opening near the day’s high of 42. Currency dealers said the BSP unloaded US dollars to stem the peso’s fall, accounting for over $100 million out of $715 million worth of trades at the Philippine Dealing System, the spot foreign exchange market. The currency of South Korea, itself a heavy oil importer, has become the weakest performer this year due to perceived reluctance of its central bank to increase interest rates. Traders said the peso’s fall at the spot foreign exchange market was also affected by the weak sentiment of offshore investors in the “gray,” or foreign exchange non-deliverable forwards (NDF), market. The BSP recently issued a memorandum requiring all banks and trust entities authorized to engage in NDF transactions to report their transactions with offshore investors on a weekly basis. read more

[Tags]currency, oil, exchange, foreign, global, market, forex news[/Tags]

LONDON (Thomson Financial) – The pound was given a sharp boost by economic data which showed UK consumer spending is not falling as rapidly as feared and that industry’s producer prices continue to hit new records. The data reminded investors that the strong euro and record commodity prices are now causing trouble in the much-praised manufacturing sector, which has so far been more resilient than the financial sector — where confidence has been hit by the credit crisis. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

[Tags]financial, news, thomson, data, , content, forex news[/Tags]

Telefonica Europe maintained its 2008 guidance targets of 4 percent to 7 percent revenue growth and 2 percent to 6 percent OIBDA growth. O2’s UK broadband offering, which launched in October last year, now has 131,000 customers, and Key said the company, which has just started a major advertising campaign for its home broadband service, is sticking to its target of signing up 1 million customers by 2010. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

[Tags]news, financial, thomson, content, forbes, percent, forex news[/Tags]

Parmalat Q1 EBITDA misses expectations by wide margin on forex, costs – UPDATE – Forbes. MILAN (Thomson Financial) – Parmalat SpA said its first quarter EBITDA fell 15. The other costs include Venezuela financial transaction taxes, industrial costs around the world, certain labour costs, write-offs on receivables, and costs of selling a unit, they said. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

[Tags]financial, costs, news, thomson, ebitda, content, forex news[/Tags]

TORONTO, May 14 (Reuters) – The Canadian dollar fell against a stronger U. Much of the recent strength in the Canadian dollar has been attributed to higher oil prices, as Canada is a major exporter. The Canadian dollar was markedly higher against most other major currencies, however, as the market is taking the view that what is good for the United States is good for Canada, said Sutton. Canadian bond prices ended mixed as there was no key data to influence direction. read more

[Tags]canadian, bond, data, dollar, cents, prices, forex news[/Tags]