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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: weak dollar

weak dollar stories: 38 news summaries

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Updated

 Oil Tops Record High $113 

Dollar's decline chief cause of spike

Apr 15, 08 6:44 AM CDT
(Newser) - Crude oil hit a new record high in trading today—$113.66 a barrel—as weary investors attempted to hedge against a tumbling dollar and oil shipments were disrupted around the world. Though the dollar is the main concern, supply problems, including OPEC's decision not to change its 2008 outlook... More »

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Wachovia • oil price • crude oil • US dollar • weak dollar • $100 a barrel oil

G-7 Ministers Talk Tough
on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

Apr 12, 08 7:26 AM CDT
(Newser) - The Group of Seven's finance ministers are getting more aggressive about stopping the greenback's decline, the Wall Street Journal reports. In what counts as blunt words for the group, a statement yesterday expressed concern about the plummeting dollar's "possible implications for economic and financial stability." The change in... More »

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currency • currency exchange • finance • euro • US dollar • weak dollar • Group of Seven

 Skyrocketing Yuan 
 Hits Benchmark  

Chinese currency's strengthening against the dollar could boost US inflation

Apr 10, 08 2:34 PM CDT
(Newser) - For the first time since China unpegged its currency from America’s in 2005, a dollar bought less than 7 yuan at closing today in Beijing, the New York Times reports. Western countries protested for years the yuan was undervalued; its meteoric rise means Chinese goods are getting more expensive... More »

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Henry Paulson • yuan • global economy • Chinese economy • US dollar • weak dollar • US imports

Venice Bar Uses Discount to Lure 'Poor Yanks'

Old Hemingway haunt bucks up faltering dollar with 20% off

Apr 8, 08 10:05 AM CDT
(Newser) - Harry's Bar in Venice has offered hospitality to tourists and expatriates since the days of Ernest Hemingway. But in recent months Harry's has noticed a sharp drop in the number of Americans showing up at the home of the Bellini cocktail. So restaurant owner Arrigo Cipriani has a novel solution:... More »

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Italy • Arrigo Cipriani • discounts • weak dollar • Venice • Ernest Hemingway • Harry's Bar • Bellini

Oil Hovers
Near $102
a Barrel

Iraq fighting, low gas supplies and weak dollar boost price

Mar 26, 08 6:16 AM CDT
(Newser) - Concern about potential supply disruptions in Iraq and American gasoline reserves pushed oil prices up for the second day in a row, despite expected news from the Energy Department that crude supplies in the US had rebounded, reports the Associated Press. The US dollar’s continued depreciation against a slew... More »

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inflation • oil price • crude oil • weak dollar • oil supply

updated

 Fed Cuts 
 Key Interest 
 Rate ¾ Point 

But Wall Street had hoped for more

Mar 18, 08 1:37 PM CDT
(Newser) - The Federal Reserve today cut the federal funds rate by ¾ of a percentage point, from 3% to 2.25%, disappointing many investors who were hoping for a cut of a full point, reports the Wall Street Journal. The Fed voted 8-2 for the rate cut. "Recent information indicates... More »

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Ben Bernanke • Federal Reserve • weak dollar • interest rate cut

MARKETS

Dow Plummets 214 Points

Market ends at its lowest level in 18 months

Mar 6, 08 3:44 PM CST
(Newser) - The markets fell sharply today as the dollar hit a fresh low against the euro, oil prices hit a fresh high, and more bleak news on the housing front came to light, MarketWatch reports. The Dow plummeted 214.6 points to settle at 12,040.39, its lowest level in... More »

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Carlyle Group • Dow Jones • Nasdaq • liquidity • Thornburg Mortgage • oil price • weak dollar • S&P 500

Oil Gushes to Record $105.96

A weakening dollar and falling inventories of oil are pushing crude prices up

Mar 6, 08 8:32 AM CST
(Newser) - An ever-weakening dollar, an unexpected drop in US crude oil reserves, and a Wednesday OPEC decision not to boost production helped spur oil to a record $105.96 a barrel, Bloomberg reports. It's the third record this week, and the dollar’s $1.5345 against the euro is the lowest... More »

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oil • OPEC • euro • oil price • crude oil • weak dollar • $100 a barrel oil

A Vintage Year for Wine Exports

California vintners take advantage of a weak dollar to expand overseas market

Feb 29, 08 12:31 PM CST
(Newser) - The dollar’s decline is a boon for California winemakers, who’ve turned the greenback’s challenges into opportunities, expanding exports of everything from top vintages to bulk table wines, reports the Los Angeles Times. California wine exports, 95% of the wine the US sends overseas, jumped 9% to nearly... More »

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California • wine • US dollar • Gallo • wineries • US exports • weak dollar • wine industry • Wine Institute • Engand • Charles Shaw • One-Buck Chuck

Big Apple Opens Arms to Euros

Stores taking foreign currency as weak dollar encourages tourists

Feb 7, 08 12:00 PM CST
(Newser) - The falling dollar has made the US a travel bargain, and some merchants in New York City have flung open their doors—and their tills—to the sudden influx of foreign currencies, Reuters reports. The euro, up 12% against the dollar in the past year, is particularly common. "Money... More »

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New York City • exchange rate • Mexican border • euro • US dollar • weak dollar • Big Apple • Canadian border • foreign currency

Slow Jan. Sales Worry Retailers

Wal-Mart misses January projections as recession concerns gain momentum

Feb 7, 08 8:46 AM CST
(Newser) - Winter storms and lagging gift-card redemption iced Wal-Mart’s January same-store sales growth, the retailer said, raising concerns the US is in a recession, reports the Wall Street Journal. Wal-Mart expected 2% sales growth in stores open more than a year, but saw sales bump just 0.5%. Its 1.... More »

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International Council of Shopping Centers • Costco • recession • retail sales • weak dollar • weakening economy • Wal-Mart • January sales • same-store sales • sales projections

Poll: Most Expect Recession but Aren't Hurting—Yet

Poll shows majority fear for future

Jan 25, 08 3:34 AM CST
(Newser) - The vast majority of Americans are convinced the nation is sinking into a recession—but most are not feeling the pinch themselves and have no plans to tighten their belts just yet, according to a Los Angeles Times/Bloomberg poll. A year ago a similar poll showed widespread confidence that the... More »

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Wall Street • recession • trade deficit • US economy • mortgage rates • weak dollar • subprime crisis • Iraq war • George W. Bush

OPINION

For Sale: These United States

Bush, US companies reduced to holding
out a tin cup

Jan 20, 08 10:41 AM CST
(Newser) - Some Americans are outraged about illegal immigrants crossing the Mexican border, but the New York Times' Maureen Dowd thinks that the breech of some financial boundaries are of greater concern. "Who’s going to own the American economy?" she asks, pointing to oil-rich countries taking advantage of the weak... More »

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Citigroup • Warren Buffett • Merrill Lynch • US economy • Maureen Dowd • US dollar • petrodollar • weak dollar • George W. Bush

Oil Sends
Trade Deficit to 14-Month High

Soaring crude prices overshadow strong
growth in US exports

Jan 11, 08 11:15 AM CST
(Newser) - The trade deficit widened 9.3% to $63.1 billion in November, despite a healthy growth in exports. With the dollar down, and demand for US goods rising in Asia and Latin America, exports moved at a healthy clip. But spending on imported oil overshadowed everything else, Bloomberg reports. “... More »

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US-China trade deficit • imports • trade deficit • US dollar • US exports • weak dollar

$200 Oil on Horizon: Economists

Decreasing supply will mean increasing prices

Jan 3, 08 3:13 PM CST
(Newser) - The price of oil could surge to $150 in five years and $200 in 10 years, a prominent German economic institute reports. "Oil supplies are becoming increasingly scarce and that will continue to drive up prices," said one energy expert. Oil prices hit $100 yesterday for the first... More »

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energy • oil • Germany • oil price • crude oil • weak dollar • $100 a barrel oil • DIW German Institute

Venture Capitalists Predict Rebound After 2008

VCs support Clinton over Giuliani

Dec 28, 07 2:49 PM CST
(Newser) - After gazing into its crystal ball this month, the National Venture Capital Association has come up with a picture of a bullish post-2008, post-election future. In the prediction, the new President Clinton manages a still-reeling economy as the number of VC firms wanes and the size of the funds they... More »

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investing • Hillary Clinton • venture capital • US economy • venture capitalists • weak dollar • Election 2008

Quality Boosts US Exports

Experts credit weak dollar, manufacturing know-how for surge

Dec 26, 07 12:55 PM CST
(Newser) - The sinking dollar is fueling a booming export market in tractors, medical equipment, and electrical machinery, helping some US manufacturers overcome a falloff in domestic sales, reports the Washington Post. The trend may even help reduce the trade deficit: For 2007, US exports are projected to increase even more... More »

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globalization • US economy • manufacturing • US exports • weak dollar

Art Market Sails Over Turmoil

Weak dollar, overseas buyers help keep prices high

Dec 26, 07 6:01 AM CST
(Newser) - US financial markets were in chaos this year, but the art market certainly wasn't. The expanding ranks of the super-rich, the weak dollar, and emerging connoisseurs from Russia, China, India, and the Middle East kept auction houses in fine form, the AP reports, with postwar and contemporary works—including a... More »

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art • Andy Warhol • Sotheby's • Christie's • auction • US economy • Matisse • art auction • weak dollar

21 - 38 of 38 Stories | << Prev 1 2


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