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July 25, 2008 1:33:36 PM CDT

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Stories related to: yen

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13 Stories

  • July 2008

    • World Markets Tumble, Dollar Hits New Low

      newser  |  Bloomberg  |  Jul 15, 08 7:32 AM CDT

      World Markets Tumble, Dollar Hits New Low

      World stocks hit their lowest level since 2006 today as credit-market losses and weakening consumer confidence sent shares falling, reports Bloomberg. The big banks, from UBS in Europe to Cathay in Asia, led declines. The MSCI World Index, Morgan Stanley's indicator of global finance, has now slid into bear market territory, having lost 21% of its value since October. More »

      Tags

      US dollar  • euro  • Asian markets  • weak dollar  • financial markets  • yen  • European markets  • pound

  • June 2008

    • Dollar Soars to Biggest Weekly Gain in 3 Years

      newser  |  Bloomberg  |  Jun 13, 08 5:21 AM CDT

      Dollar Soars to Biggest Weekly Gain in 3 Years

      The dollar posted its biggest gain in almost 3 years this week, soaring 2.5% against the euro and 2.8% against the yen. This morning in London the dollar was trading at $1.54 against the euro, with analysts predicting a rise as high as $1.45 by year's end. European politicians are delighted with the greenback's resurgence; Christine Lagarde, France's finance minister, called it "very satisfying." More »

      Tags

      US dollar  • euro  • G8 summit  • yen  • Christine Lagarde

    • Japanese Melon Sells for $6K

      newser  |  Associated Press  |  Jun 6, 08 10:05 AM CDT

      Japanese Melon Sells for $6K

      A rare black watermelon, one of 65 from Japan's first harvest of the year, sold for more than $6,000 at auction today, the AP reports. The Densuke melon has the distinction of being the most expensive of its kind in Japan, and probably the world, though the Guinness World Records organization points out that it does not keep track of watermelons. More »

      Tags

      Japan  • auction  • yen  • watermelon

  • May 2008

    • US Woes Drive Toyota Profits Down 28%

      newser  |  Associated Press  |  May 8, 08 7:15 AM CDT

      US Woes Drive Toyota Profits Down 28%

      Even Toyota—with its array of popular gas-sipping vehicles—is struggling in a slumping global economy, according to the latest figures. The world’s No. 2 automaker today reported that earnings for the last quarter fell 28% to $3.05 billion from $4.2 billion a year ago, reports the AP. "We are facing a severe business environment," said Toyota's president. More »

      Tags

      auto industry  • economy  • Toyota  • corporate earnings  • auto sales  • automaker  • yen

  • April 2008

    • Dollar Rallies at Last

      newser  |  Bloomberg  |  Apr 25, 08 6:46 AM CDT

      Dollar Rallies at Last

      The dollar rose to a three-week high against the euro today and looked set to post its biggest weekly advance since March. The dollar advanced to $1.55 per euro this morning in London, after falling below the $1.60 barrier on Tuesday. The dollar also gained against the yen, and investors are betting on another strong showing next week, reports Bloomberg. More »

      Tags

      Federal Reserve  • US dollar  • euro  • yen  • European Central Bank  • ECB

  • March 2008

    • Asian Markets Surge As Dollar Comes Back

      newser  |  Bloomberg  |  Mar 19, 08 3:53 AM CDT

      Asian Markets Surge As Dollar Comes Back

      Stocks in Asia had their best day in a month as investors reacted to the Fed's 75-point rate cut and a top Chinese company announced higher-than-expected earnings. The Nikkei climbed 2.5%, with financial stocks leading gains, reports Bloomberg. Companies with substantial business in America also did well—Canon jumped 6.3%, Nintendo 5%—as the dollar made its biggest gain against the yen in almost a decade, pushing back above ¥100. More »

      Tags

      US dollar  • Asian markets  • Nikkei  • Tokyo  • yen

    • Stocks Bounce, End Mixed

      newser  |  CNN  |  Mar 17, 08 3:50 PM CDT

      Stocks Bounce, End Mixed

      Stocks seesawed throughout the day, finally ending today's session mixed, with the Dow closing up. The markets struggled to rebound from serious losses sustained after Bear Stearns' fire sale; buyer JPMorgan Chase's stock closed up 11%. The Dow ended up 21.16 at 11,972.25, the Nasdaq down 35.48 at 2,177.01, and the S&P 500 down 11.54 at 1,276.70. More »

      Tags

      stock market  • Bear Stearns  • US dollar  • JPMorgan Chase  • euro  • yen

    • Dollar Nosedives, Global Markets Tumble

      newser  |  Bloomberg  |  Mar 17, 08 3:55 AM CDT

      Dollar Nosedives, Global Markets Tumble

      The dollar took a pummeling and equity markets in Europe and Asia slumped as worried investors reacted to the Bear Stearns fire sale and the Fed's emergency rate cut. The dollar dropped to a shocking 95 yen, hit an all-time low of $1.59 against the euro, and remained below one Swiss franc. The US currency is "facing a credibility crisis," one Asian investor told Bloomberg, while another said that "the Fed is throwing the dollar out of the window." More »

      Tags

      Bear Stearns  • US dollar  • JPMorgan Chase  • euro  • Asian markets  • Nikkei  • yen  • Hang Seng  • Swiss franc

    • Dollar Makes Comeback as Banks Predict Intervention

      newser  |  Bloomberg  |  Mar 14, 08 8:17 AM CDT

      Dollar Makes Comeback as Banks Predict Intervention

      The dollar made a recovery today after yesterday's disastrous fall, pulling back above 100 yen and gaining against the euro and the pound. The greenback's advance comes as securities firms speculated that the Fed and other central banks will collaborate to safeguard the dollar for the first time in 13 years. "The market is certainly on intervention watch," a currency trader told Bloomberg. More »

      Tags

      Federal Reserve  • Ben Bernanke  • US dollar  • euro  • yen  • Swiss franc

    • Dollar Sinks Below 100 Yen

      newser  |  Financial Times (UK)  |  Mar 13, 08 5:10 AM CDT

      Dollar Sinks Below 100 Yen

      The dollar's decline continued today, dropping below the symbolically dramatic threshhold of 100 yen for the first time in 12 years. The greenback held on just above ¥100 during the trading day in Tokyo before slumping to ¥99.80 in Europe this morning. The dollar took a pummeling across the board, trading at record lows against not only the yen but also the euro and the Swiss franc. More »

      Tags

      Japan  • US dollar  • Nikkei  • Tokyo  • yen

  • February 2008

    • Dollar's Slide Pushing Oil Prices Higher

      newser  |  Bloomberg  |  Feb 29, 08 7:21 AM CST

      Dollar's Slide Pushing Oil Prices Higher

      The dollar continued its fall as unrelentingly dismal economic data eroded confidence in the US economy, Bloomberg reports. The greenback set a new low of $1.52 against the euro this morning and hit a three-year bottom against the Japanese yen. Oil surged more than $2 a barrel to $103.05 in Asian trading before closing at $102.92.  More »

      Tags

      US economy  • recession  • gas prices  • oil  • US dollar  • crude oil  • euro  • yen

  • August 2007

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