| Onex, CPPIB eye $4.5 billion bid for Britain s Tomkins (Reuters) Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more North American investors to snap up assets. finance.yahoo.com |
Eurozone inflation jumps to 1.7 percent in July (AP) Inflation in the 16 countries that use the euro is steadily climbing towards the European Central Bank s target while unemployment remains stubbornly high at 10 percent, official figures showed Friday. finance.yahoo.com |
Dollar drifts on uncertain economic outlook [CNNMoney.com] - The dollar drifted lower against the euro this week, but held its own against the Japanese yen, as investors remain wary about the outlook for the global economy. finance.yahoo.com |
FOREX: Dollar Ends the Week at Seven-Month Lows as Risk Appetite Surges, US Data Disappoints [DailyFX] - Scanning the financial headlines and taking a perfunctory look at the economic docket, we could come up with a simple explanation to the remarkable market develops into the end of the week. finance.yahoo.com |
Gold prices mildly lower on U.S. dollar gains Gold prices fell Friday as commodity prices retreated along with stock futures as the U.S. dollar recovered. The contract for December delivery fell 40 cents to $1,337.60 an ounce in electronic trade on the New York Mercantile Exchange. us.rd.yahoo.com |