Yahoo! Canada Finance: International Markets News

Dollar rallies as traders avoid risky deals

Fri, 20 Nov 2009 12:47:00 GMT

AFP - LONDON (AFP) - The dollar rallied on Friday as investors shunned assets viewed as risky, such as the euro, amid fresh concerns about the strength of global economic recovery, analysts said.

Japan maintains super-low interest rates

Fri, 20 Nov 2009 10:49:00 GMT

AFP - TOKYO (AFP) - Japan's central bank left its super-low interest rates unchanged on Friday as the government declared for the first time in more than three years that Asia's biggest economy is in a phase of deflation.

US lawmakers threaten China sanctions over currency

Fri, 20 Nov 2009 10:22:00 GMT

AFP - WASHINGTON (AFP) - US lawmakers criticized US President Barack Obama's administration Thursday for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods.

US lawmakers may penalise China over rigid yuan

Fri, 20 Nov 2009 10:22:00 GMT

AFP - WASHINGTON (AFP) - US lawmakers criticized US President Barack Obama's administration on Thursday for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods.

Euro slips back under $1.49

Thu, 19 Nov 2009 12:17:00 GMT

AFP - LONDON (AFP) - The European single currency dropped under 1.49 dollars on Thursday as disappointing US economic data prompted renewed caution among investors, reducing demand for risky assets, analysts said.

Euro breaches $1.49; gold hits record high

Wed, 18 Nov 2009 11:54:00 GMT

AFP - LONDON (AFP) - The European single currency rose above 1.49 dollars on Wednesday, as the US unit was plagued by poor investor sentiment, which in turn pushed gold prices to a new record peak, dealers said

Bank of England reveals split over easy money

Wed, 18 Nov 2009 10:52:00 GMT

AFP - LONDON (AFP) - The Bank of England said on Wednesday that its policymakers voted three ways at a recent meeting on the amount of extra new money it should pump into Britain's economy to help fight a deep recession.

Dollar is mixed after Bernanke comments

Tue, 17 Nov 2009 12:59:00 GMT

AFP - LONDON (AFP) - The dollar firmed against the euro and fell versus the yen on Tuesday following a rare comment on currencies by US Federal Reserve chief Ben Bernanke.

Gulf single currency not imminent: Kuwait minister

Tue, 17 Nov 2009 11:07:00 GMT

AFP - KUWAIT CITY (AFP) - The planned Gulf single currency is unlikely to be launched soon as "sufficient time" is needed for preparations, Kuwait's Finance Minister Mustafa al-Shamali said on Tuesday.

Dollar falls, sending gold to record high

Mon, 16 Nov 2009 12:07:00 GMT

AFP - LONDON (AFP) - The dollar fell on Monday as China accused the United States of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point.

China hits out at US 'protectionism'

Mon, 16 Nov 2009 11:12:00 GMT

AFP - BEIJING (AFP) - China on Monday accused the United States of increasing protectionism and said American calls to let the yuan rise were "unfair", as US President Barack Obama visited the Asian giant.

Exporters look outside weak U.S. for foreign markets to boost exports

Fri, 13 Nov 2009 23:26:00 GMT

The Canadian Press - OTTAWA - Canadian companies are taking full advantage of the improving global economy by diversifying exports, giving hope that a more sustained recovery could take hold in Canada.

IMF chief puts China under new currency pressure

Fri, 13 Nov 2009 17:30:00 GMT

AFP - SINGAPORE (AFP) - The International Monetary Fund said Friday a stronger yuan would boost China's economy, but the Asian power showed no sign of heeding a growing clamour to budge on its rigid exchange rate.

Euro firms against dollar as eurozone beats recession

Fri, 13 Nov 2009 12:36:00 GMT

AFP - LONDON (AFP) - The European single currency firmed against the dollar on Friday after news that the eurozone recession has officially ended.

Dollar firms against euro

Thu, 12 Nov 2009 18:15:00 GMT

AFP - LONDON (AFP) - The dollar edged up against the euro on Thursday, ahead of key US data and after US Treasury Secretary Timothy Geithner said a strong US currency was "very important" to the United States.

Dollar rises over euro before eurozone data

Thu, 12 Nov 2009 18:15:00 GMT

AFP - LONDON (AFP) - The dollar rose against the euro Thursday as the US Treasury Secretary talked up the need for a strong greenback, but his remarks came ahead of eurozone growth data expected to boost the European single currency.

Geithner backs strong US dollar, praises China

Thu, 12 Nov 2009 11:32:00 GMT

AFP - SINGAPORE (AFP) - US Treasury Secretary Timothy Geithner on Thursday said a strong dollar was "very important" to the United States and praised China's role in the global economic recovery.

Asian currency pressure grows on US, China

Thu, 12 Nov 2009 07:53:00 GMT

AFP - SINGAPORE (AFP) - Asian economies aired rare public criticism of both the United States and China as the dollar's slump and the yuan's state-sanctioned rigidity reignited trade tensions Thursday.

Pound slides on recovery uncertainty

Wed, 11 Nov 2009 17:51:00 GMT

AFP - LONDON (AFP) - The British pound slid on Wednesday as the Bank of England forecast a "highly uncertain" economic recovery, while gold surged to a record high on the back of the weak dollar, traders said.

Euro slides against the dollar

Wed, 11 Nov 2009 17:51:00 GMT

AFP - LONDON (AFP) - The euro fell against the dollar Wednesday in the face of late-session profit-taking that halted earlier gains prompted by positive economic news from China on a day when gold shot to a record high.

China says capital flows, major FX to decide yuan value

Wed, 11 Nov 2009 09:46:00 GMT

Reuters - BEIJING (Reuters) - China will refer to changes in capital flows and fluctuations in the values of major currencies when guiding the value of the yuan, the central bank said on Wednesday, in a departure from past language.

Strong dollar 'very important' for US: Geithner

Wed, 11 Nov 2009 08:43:00 GMT

AFP - TOKYO (AFP) - US Treasury Secretary Timothy Geithner said here Wednesday that a strong dollar was "very important" to the United States, seeking to reassure Asian nations concerned about the greenback's recent slump.

Euro climbs above $1.50 after ZEW

Tue, 10 Nov 2009 18:24:00 GMT

AFP - LONDON (AFP) - The European single currency breached 1.50 dollars on Tuesday as traders digested a German investor sentiment survey which was only slightly worse than market expectations, analysts said.

Euro dips after disappointing German data

Tue, 10 Nov 2009 18:24:00 GMT

AFP - LONDON (AFP) - The European single currency lost ground against the dollar on Tuesday after a closely-watched survey showed sentiment among German investors dipped slightly in November.

Australia defends strong dollar

Tue, 10 Nov 2009 08:14:00 GMT

AFP - SINGAPORE (AFP) - Australian Trade Minister Simon Crean on Tuesday defended the strength of the country's currency, saying it played a major role in bolstering the economy during the global slowdown.

Gold price hits record high as dollar wanes

Mon, 09 Nov 2009 17:37:00 GMT

AFP - LONDON (AFP) - Gold prices hit a record high of 1,111.20 dollars an ounce on Monday in response to rising demand for the precious metal from emerging economies and a decline in the value of the dollar.

Asian nations bear brunt of dollar slump

Mon, 09 Nov 2009 02:08:00 GMT

AFP - TOKYO (AFP) - Asia's small, open economies are caught in the crossfire of a tussle between the United States and China over whether the yuan should strengthen against the dollar to fix the lopsided global economy.

Dollar falls before US jobs data

Fri, 06 Nov 2009 12:40:00 GMT

AFP - LONDON (AFP) - The dollar fell against the euro and yen on Friday as market players grew cautious ahead of US jobs data and as ministers began gathering for a Group of 20 finance meeting, traders said.

Dollar slips against euro after ECB holds rates

Thu, 05 Nov 2009 18:45:00 GMT

AFP - LONDON (AFP) - The dollar slid against the euro on Thursday after the European Central Bank and the Bank of England held their key interest rates at record-low levels on the eve of a key G20 finance meeting.

Euro advances on dollar fade

Thu, 05 Nov 2009 18:45:00 GMT

AFP - LONDON (AFP) - The euro moved higher against the dollar Thursday after positive comments from the European Central Bank on eurozone prospects but later gave back gains as anxious investors awaited a key US employment report on Friday.

ECB, BoE hold interest rates at record lows

Thu, 05 Nov 2009 18:24:00 GMT

AFP - FRANKFURT (AFP) - The European Central Bank and Bank of England both kept interest rates at record lows Thursday, but the ECB was more upbeat on economic growth while the BoE planned to pump billions more pounds into Britain's recession-hit economy.

Bank of England to assess extra recession aid

Thu, 05 Nov 2009 14:05:00 GMT

AFP - LONDON (AFP) - The Bank of England will on Thursday decide whether to inject billions of extra pounds into the economy to help get it out of its longest recession on record.

Bank of England set to announce rate call

Thu, 05 Nov 2009 14:05:00 GMT

AFP - LONDON (AFP) - The Bank of England will unveil a decision on interest rates later Thursday amid speculation that it may also pump billions of extra pounds to help the country out of a deep recession.

Bank of England pumps extra £25 bln into economy

Thu, 05 Nov 2009 14:05:00 GMT

AFP - LONDON (AFP) - The Bank of England announced on Thursday that it will pump another 25 billion pounds into the recession-hit economy, after it held interest rates at a record low.

ECB keeps main rate steady at 1%

Thu, 05 Nov 2009 13:16:00 GMT

AFP - FRANKFURT (AFP) - The European Central Bank kept its main interest rate steady at a record low of 1.0 percent Thursday, a bank spokesman said, as indicators signalled the eurozone economy was still under pressure.

PENDING - ECB rates on hold as it enters 'post-crisis mode'

Thu, 05 Nov 2009 01:20:00 GMT

AFP - FRANKFURT (AFP) - The European Central Bank is poised to keep its key interest rate steady at a record low 1.0 percent on Thursday as policymakers shift into "post-crisis mode," analysts say.

Dollar slips against euro before Fed meeting

Wed, 04 Nov 2009 12:38:00 GMT

AFP - LONDON (AFP) - The dollar dipped Wednesday against the euro in cautious trade ahead of monetary policy decisions from the US Federal Reserve and other key central banks this week, dealers said.

Euro, pound slide against dollar

Tue, 03 Nov 2009 12:09:00 GMT

AFP - LONDON (AFP) - The euro and the pound fell sharply against the dollar on Tuesday as European stock markets tumbled and Britain unveiled a major shake-up of the banking industry, analysts said.

Australia raises rates for second month in a row

Tue, 03 Nov 2009 08:46:00 GMT

AFP - SYDNEY (AFP) - Australia's central bank hiked interest rates by 25 basis points for a second successive month on Tuesday, saying the improving economic outlook and expected growth in Asia justified the move.

Dollar falls as US lender goes bankrupt

Mon, 02 Nov 2009 12:24:00 GMT

AFP - LONDON (AFP) - The dollar fell against the euro on Monday amid fresh worries about the US financial sector following the bankruptcy of US bank CIT Group over the weekend.

HSBC eyes acquisitions in emerging markets

Mon, 02 Nov 2009 12:24:00 GMT

AFP - TAIPEI (AFP) - British banking giant HSBC Holdings said Monday it is eyeing acquisition opportunities in emerging markets and plans to open new branches in China.

ECB rates on hold, experts view bank loan policy

Sun, 01 Nov 2009 03:14:00 GMT

AFP - FRANKFURT (AFP) - Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank's exceptional loan support measures, analysts say.

Iceland lifts capital controls as crisis eases

Sat, 31 Oct 2009 19:57:00 GMT

AFP - REYKJAVIK (AFP) - Iceland's central bank said on Saturday it would begin progressively lifting capital controls put in place a year ago after the global financial crisis toppled the country's banking system.

Euro lifted by risk-taking as US returns to growth

Fri, 30 Oct 2009 11:46:00 GMT

AFP - LONDON (AFP) - The euro firmed against the dollar on Friday after the US economy returned to growth in the third quarter, helping boost investor readiness to take on more risk, dealers said.

Russia cuts interest rates to historic low

Thu, 29 Oct 2009 15:22:00 GMT

AFP - MOSCOW (AFP) - The Russian Central Bank on Thursday agreed a half-point cut in its benchmark refinancing rate to 9.5 percent, the lowest level in Russia's modern history, in a bid to stimulate the economy.

Bank of Canada says China FX policy "great risk"

Wed, 28 Oct 2009 22:47:00 GMT

Reuters - OTTAWA (Reuters) - China's foreign exchange policy poses a great risk and it is a top priority of global policy makers to work toward a change, Bank of Canada Governor Mark Carney said on Wednesday.

Norway raises rates, first in Europe in crisis

Wed, 28 Oct 2009 17:43:00 GMT

AFP - OSLO (AFP) - Norway on Wednesday became the first European country to raise interest rates this year in the global financial crisis, which it managed to overcome thanks to its huge oil revenues.

Euro dips under 1.48 dollars

Wed, 28 Oct 2009 11:19:00 GMT

AFP - LONDON (AFP) - The euro fell below 1.48 dollars on Wednesday while the yen gained ground as fresh worries over the outlook for the global economy prompted buying of "safe-haven" units, dealers said.

Australia posts lowest inflation in 10 years

Wed, 28 Oct 2009 06:19:00 GMT

AFP - SYDNEY (AFP) - Australia unveiled the lowest annual inflation in 10 years on Wednesday, cutting the chances of a big rate hike next week as the central bank bids to keep economic recovery on track.

Australia inflation rise 1pct, above forecasts

Wed, 28 Oct 2009 01:40:00 GMT

AFP - SYDNEY (AFP) - Australian inflation rose 1.0 percent in September from the previous quarter, officials said Wednesday, raising expectations of a second consecutive interest rate rise next week.

Canada export agency warns on risks from high loonie

Tue, 27 Oct 2009 13:32:00 GMT

Reuters - OTTAWA (Reuters) - The Canadian dollar is seriously overvalued and the country could slip into a double-dip recession if the currency stays at current levels, the government's export agency said on Tuesday.

Dollar hits five-week high versus yen

Tue, 27 Oct 2009 10:54:00 GMT

AFP - LONDON (AFP) - The dollar hit a five-week high against the yen on Tuesday amid speculation that the US Federal Reserve may signal a clearer timeframe for lifting its rock-bottom interest rates, dealers said.

Dollar 'world's strongest currency': Japan

Tue, 27 Oct 2009 10:24:00 GMT

AFP - TOKYO (AFP) - Japan's finance minister said on Tuesday that the dollar was still the world's strongest currency and it was natural for Tokyo to keep large stockpiles of the greenback.

Euro hits fresh 14-month highs against dollar

Mon, 26 Oct 2009 11:29:00 GMT

AFP - LONDON (AFP) - The euro hit fresh 14-month highs against the dollar on Monday on signs that China may increase its holdings of the European currency, dealers said.

China should boost euro, yen in reserves: report

Mon, 26 Oct 2009 05:19:00 GMT

AFP - SHANGHAI (AFP) - China should keep the dollar as the primary currency in its foreign exchange reserves but raise the share of euros and yen, a newspaper linked to the country's central bank said Monday.