EU and U.S. senior officials said on Friday they would crack down on counterfeiting of computer components after they seized over 360,000 fake items in just two weeks in a joint operation at the end of last year.
IBT Staff Reporter
Feb 22, 2008
The dollar fell against the euro on Friday after a gauge of consumer sentiment plunged to its lowest level since 1992, adding to fears that the U.S. economy may be slouching toward recession.
IBT Staff Reporter
Feb 15, 2008
The dollar rose to its highest level against the yen on Wednesday after a government report indicated that retail sales in the U.S. rose more than expected, easing concerns about the likelihood of a U.S. recession.
IBT Staff Reporter
Feb 13, 2008
The yen rose against the dollar and euro on Monday as stocks fell amid inflation concerns and continuing problems in financial markets.
IBT Staff Reporter
Feb 11, 2008
The dollar was on its way to its largest weekly gain versus the euro since June 2006 on Friday amid speculation that the European Central Bank will lower interest rates to boost a slowing economy.
IBT Staff Reporter
Feb 08, 2008
Gold futures edged higher on Thursday, trading $912 an ounce, on speculation that central banks will mimic the U.S. by cut borrowing rates which boosted the appeal of the precious metal.
IBT Staff Reporter
Feb 07, 2008
Aviva Plc has reported growth of 25 per cent in sales for the whole year 2007, worth £38,583 million, thanks to strong growth in North America and Asia. The group has also said it is positive of sales and profit growth in 2008.
IBT Staff Reporter
Feb 07, 2008
The euro declined to two-week lows versus the dollar on Thursday after European Central Bank President Jean-Claude Trichet said euro zone growth risks are to the downside, signaling lower interest rates this year.
IBT Staff Reporter
Feb 07, 2008
The dollar fell against the yen on Thursday after government reports showed softness in employment and personal spending ahead of a jobs report tomorrow.
IBT Staff Reporter
Jan 31, 2008
The Euro rose on Wednesday against the dollar, reaching its highest level in eight days after a top official at Europe's Central Bank played down the possibility that the bank will lower interest rates.
IBT Staff Reporter
Jan 24, 2008
The head of Europe's Central Bank spoke on Wednesday about crisis management in light of the ongoing financial markets and economic turmoil, remarking on areas for improvement to avoid such major turbulent episodes.
IBT Staff Reporter
Jan 23, 2008
The dollar on Tuesday, reaching its lowest level against the yen in two years after a report about slow retail sales triggered concerns that the U.S. economy will go into recession.
IBT Staff Reporter
Jan 15, 2008
The dollar extended its declines against the euro and yen on Tuesday after data showed U.S. retail sales for December were below market expectations.
IBT Staff Reporter
Jan 15, 2008
Inflation causes ECB to move interest rates if necessary
The European Central Bank is worried about inflation in the eurozone and ready 'to do whatever necessary' to avoid second-round effects, said ECB on Wednesday.
IBT Staff Reporter
Dec 19, 2007
The Yen fell on Tuesday after the European Central Bank injected more than $500 billion to the banking system, boosting the carry trade.
IBT Staff Reporter
Dec 18, 2007
The European Central Bank's policymakers will act in a firm and timely manner to ensure that knock-on effects from higher oil prices do not appear, the ECB said in the editorial of its December bulletin.
IBT Staff Reporter
Dec 13, 2007
The euro rose against the dollar and yen on Monday, as investors await that the Federal Reserve will lower interest rates Tuesday to boost the economy.
IBT Staff Reporter
Dec 10, 2007
The dollar slipped against most major currencies on Monday, reversing some recent strong gains ahead of an expected U.S. interest rate cut by the Federal Reserve this week.
IBT Staff Reporter
Dec 10, 2007
The euro rose against the yen and dollar on Thursday after the head of the European Central Bank, Jean Claude Trichet, reduced speculation of a rate cut, warning about inflationary pressure.
IBT Staff Reporter
Dec 06, 2007
The euro rose against the dollar and the yen on Thursday after the European Central Bank left interest rates on hold but President Jean-Claude Trichet warned of strong upward pressure on inflation.
IBT Staff Reporter
Dec 06, 2007
The dollar rose against major currencies on Wednesday after a U.S. government reports showed strong job growth, more factory orders and productivity gains.
IBT Staff Reporter
Dec 05, 2007
The dollar plumbed record lows against major currencies on Friday and briefly got close to $1.50 to the euro as concerns about the U.S. economy rattled investors but Asian and European stocks advanced.
IBT Staff Reporter
Nov 23, 2007