Yen falls on Fitch sovereign downgrade
Tue, 22 May 2012 10:48:48 GMT
Dollar touches five-day high against the Japanese currency ahead of BoJ meeting as the euro and sterling also gain ground against the yen
Improved sentiment boosts Asian markets
Tue, 22 May 2012 10:22:16 GMT
Technology shares and exporters rally ahead of EU summit, with LG Electronics and Renesas leading gains, while higher oil prices lift resources
EU summit hopes boost stocks
Tue, 22 May 2012 09:49:44 GMT
Stocks and commodities rally for second day as some investors see value after three weeks of declines took many benchmarks to 2012 lows
Devaluation – last option to save the euro
Tue, 22 May 2012 08:54:30 GMT
Raising taxes and cutting spending will only deepen recessions in eurozone periphery states – devalue the currency instead, says Jeremy J. Siegel
FTSE 100 rises on sustained eurobond hopes
Tue, 22 May 2012 08:12:57 GMT
Hopes that EU leaders can agree on eurozone-wide bonds help recovery with all but three of the benchmark index’s constituents made gains
Facebook shares drop below issue price
Mon, 21 May 2012 23:28:28 GMT
Shares in the social networking company, which raised $16bn in its initial public offering, lose 11% to fall below $38 issue price
Banks braced for fresh ratings cuts
Mon, 21 May 2012 18:53:09 GMT
Attention focuses on 17 investment banks that Moody’s placed under review in February, a move that threatens their access to cheap, short-term funds
Wheat extends rally on drought fears
Mon, 21 May 2012 18:14:05 GMT
Prices rise to their highest in nine months on worries about dry weather in Russia, Ukraine, Kazakhstan, as well as Kansas, the top US producer
Banks must regain investors’ trust
Mon, 21 May 2012 12:12:57 GMT
Lenders need to do more than react to the regulatory overhaul, they must adjust their business models if they are to regain trust, says Hugo Bänziger
Gold loses its hold over haven hunters
Mon, 21 May 2012 11:14:23 GMT
Demand for the yellow metal is ebbing but the possibility of a Greek exit from the eurozone and weakening US economic data could reawaken interest
