| Euro hits two-month high above $1.2750 (at Reuters) The euro hit a two-month peak against the dollar on Wednesday, reversing earlier losses, as investors feared the U.S. economic recovery was slowing following some weak data. us.rd.yahoo.com |
Takeover talk lifts US stocks US stocks gained overnight amid takeover speculation for raw material producers and homebuilders following BHP Billiton's hostile bid for Canada's Potash Corp of Saskatchewan.Potash's immediate rejection of BHP's bid, announced... nzherald.co.nz |
Japanese stocks pulled down by strong yen [at MarketWatch] - Japanese stocks headed sharply lower early Wednesday, after the yen hit a fresh 15-year high against the U.S. dollar overnight, weighing on key exporter shares. The Nikkei Stock Average lost 1.7% to 9,073.8, while the broader Topix fell 1.4% to 822.9. us.rd.yahoo.com |
Interest rates tipped to hold as retail spending stalls New Zealand retail spending unexpectedly stagnated in August and core sales fell, driving down the dollar and strengthening the case for the central bank to pause interest-rate increases for the rest of the year.Retail sales were... nzherald.co.nz |
FOREX-Euro wins respite, but still dogged by debt woes * Euro wins reprieve but on track for worst month since May * Investors don't give vote of confidence to Ireland aid deal * Aussie rebounds after current account data * Yen ticks up on month-end corporate ... reuters.com |