News
Euro starts week sliding against US dollar
09:26 20.12.2010 |
Business
The euro has started the week a little lower against the dollar as concerns persist about Europe's government debt crisis. The 16-nation currency was down to $1.3156 in Monday morning European trading from $1.3178 in New York late Friday.
Dannon yogurt company pays $21 million for deceptive advertising
12:44 16.12.2010 |
Business
A yogurt maker that asked people with digestive issues to take the “Activia challenge” has agreed to pay 39 states, including Washington, $21 million to settle lawsuits that alleged the company’s health claims were inflated.
Spanish credit rating sends euro and European stocks down
06:35 15.12.2010 |
Business
European stocks and the euro fell Wednesday after Moody’s Investors Service put Spanish bonds on watch for a ratings downgrade. Moody’s said that it was concerned that Spain’s high refinancing needs made it vulnerable to "funding stress," meaning it might have difficulty rolling over its loans
Industrial output in eurozone rose only 0.7 percent - Eurostat
09:56 14.12.2010 |
Business
Euro zone industrial production increased less than expected in October, data showed on Tuesday, chiming with forecasts of slower growth in the fourth quarter as the currency area struggles to ward off a debt crisis.
World’s biggest suppliers ready to pump more crude next year
10:37 13.12.2010 |
Business
OPEC is breaching its production limits the most in six years, signaling the world’s biggest suppliers are ready to pump more crude next year as oil rallies toward $100 a barrel. The Organization of Petroleum Exporting Countries excluding Iraq pumped 26.78 million barrels a day this year
Parmalat food conglomerate's head sentenced to 18 years
07:34 10.12.2010 |
Business
A court in Italy has sentenced the former head of the Parmalat food conglomerate to 18 years in prison in one of Europe's biggest ever fraud cases. Calisto Tanzi, who was also Parmalat's chief executive, was found guilty on charges of fraudulent bankruptcy and criminal conspiracy in the main trial in the northern Italian town of Parma
US dollar ends Asian session higher
10:43 08.12.2010 |
Business
The U.S. dollar ended the Asian session higher on Wednesday as the greenback continued to take a cue from a spike in yields on Treasuries amid receding concerns over deflation there. The dollar rose for a third day versus the yen, absorbing constant selling pressure from Japanese exporters, as the Treasury's 10-year yield touched 3.25% today.
