yen – News Stories About yen - Page 2

Mar 13, 2008 5:10 AM CDT

Dollar Sinks Below 100 Yen

Stocks tumble as dollar hits 12-year low

(Newser) - 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...

Yen Pounds Dollar as Markets Fall

Mar 3, 2008 5:42 AM CST

Yen Pounds Dollar as Markets Fall

Markets in worldwide retreat as dollar drops on subprime worries

(Newser) - The dollar’s skid accelerated today, taking it to a three-year low against the Japanese yen, and pushing the free-falling greenback to a record bottom against the Swiss franc and other currencies amid worries that subprime woes will worsen, Reuters reports. Worldwide, stocks dove lower on broad concerns about the...

Dollar's Slide Pushing Oil Prices Higher

Feb 29, 2008 7:21 AM CST

Dollar's Slide Pushing Oil Prices Higher

Economic data hammers the greenback as worries about US economy deepen

(Newser) - 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....

Dollar Slides to Record Low;
Oil Tops $102

Feb 27, 2008 6:27 AM CST

Dollar Slides to Record Low; Oil Tops $102

Investors bet on Fed rate cut, driving euro up against US currency

(Newser) - The dollar declined against most major currencies and fell to its lowest level ever against the euro today as markets anticipated another rate cut from the Fed when it meets March 18, increasing the value of assets outside the US, Bloomberg reports. The dollar’s erosion pushed commodity prices up,...

Dollar Plummets to 15-year Low

Sep 8, 2007 1:18 PM CDT

Dollar Plummets to 15-year Low

Job loss data fuels panic about US economy

(Newser) - Panic over the state of the US economy pushed the dollar to a 15-year low against major currencies yesterday. The drop came on larger-than-expected July payroll declines, data one analyst called “simply horrific.” Many fear that the credit crunch will drive down consumer spending, igniting a recession. Investors...

Market Opens Sharply Down

Aug 16, 2007 10:18 AM CDT

Market Opens Sharply Down

(Newser) - US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday. "Everyone is waiting for...

Credit Fears Sink Asian Markets

Aug 15, 2007 3:08 AM CDT

Credit Fears Sink Asian Markets

Nikkei drops as subprime crisis rocks world

(Newser) - Global credit turmoil rocked Asian markets today, pushing Japan’s Nikkei to 2007 lows, as US and Canadian firms struggled to meet payments and Wal-Mart and Swiss Bank UBS released disappointing forecasts. Through it all the Yen rose, as risk-averse investors turned to some safe havens in Japan, Reuters reports.

Toyota Banks Best-Ever Quarter

Aug 3, 2007 2:27 PM CDT

Toyota Banks Best-Ever Quarter

Good yen rate bolsters $4B quarter

(Newser) - Toyota reported its highest quarterly earnings ever today after profits surged 32% to $4.1 billion due to booming sales and favorable exchange rates for the yen. Revenue rose $54 billion, up 16% compared to the same quarter last year, and the Japanese giant sold 2.16 million cars, an...

Mystery Man Dumps Cash in Bathrooms

Jul 12, 2007 12:02 PM CDT

Mystery Man Dumps Cash in Bathrooms

Flush benefactor has Japanese investigators following the money

(Newser) - The yen is in the toilet once again. Someone has left over 400 bundles, each containing about $80 worth of the stuff, in men's bathrooms all over Japan. The cash is being discovered in the powder rooms of government offices, along with notes enjoining the lucky gentleman who finds the...