Tag: currencies

World Bank urges flexible yuan

World Bank urges flexible yuan

China is still under pressure to allow its currency, the yuan, to find its own level, in order to ease inflation and to prevent the economy from overheating. The World Bank is now urging the Chinese Government to allow the yuan, which is also referred to as the renminbi, to strengthen against other international currencies. […]

Prudential deal with AIA on verge of collapse

Prudential deal with AIA on verge of collapse

British insurance giant Prudential has failed to renegotiate the price of its takeover of AIA, the Asian arm of US company American International Group (AIG). The deal now looks set to collapse after AIA snubbed the lower price tag of $30.375 billion. It emerged last week that the Pru, which is Britaina��s second largest insurer, […]

Euro continues to lose value amid Greek debt crisis

Euro continues to lose value amid Greek debt crisis

The euro continues to lose value as investors remain concerned about a solution for Greecea��s fiscal problems. The currency fell to a record low of 1.4232 francs on trading platform EBS, while falling to an all-time low against the Australian dollar to $1.4654. Against the US dollar, it fell to $1.3459 – close to a […]

Sterling dives to 10-month low amid election fears

Sterling dives to 10-month low amid election fears

The pound plummeted to a 10-month low today over fears of a possible hung parliament in the forthcoming election. Sterling lost 1.6% and dipped below $1.50 for the first time since May 2009 – it has already lost 7% against the dollar this year. The pound also lost ground against the euro and many other […]

Yell Group gains 8 percent

Yell Group gains 8 percent

Equities markets in Europe were higher Tuesday on good news from the United States, where retail sales were reported up in August, manufacturing in the New York region saw gains and US Federal Reserve Chairman Ben Bernanke said that the recession is likely over in the US. The FTSE 100 was 0.46 percent higher to […]

Man Group leads 100 with 9 percent gain

Man Group leads 100 with 9 percent gain

European equities markets ended higher Friday, with miners up in London. The FTSE 100 added 0.48 percent to 5,011.47 in London, while the FTSE 250 was up 0.9 percent to 9,207.89. Brokerage Man Group (LSE: EMG) turned in the best performance on the 100 with as it added 8.89 percent, while Home Retail Group (LSE: […]

Punch Taverns adds 21.65 percent

Punch Taverns adds 21.65 percent

European equities markets were higher Tuesday on good economic news from the United States. The FTSE 100 was up 0.42 percent to 4,916.8 in London, whiel the FTSE 250 added 0.33 percent to 8,860.81. Pubs operator Punch Taverns (LSE: PUB) led gains on the 250 and topped a mixed travel and leisure sector as it […]

Yell Group adds 16 percent on 250

Yell Group adds 16 percent on 250

European equities markets were mixed Wednesday, with Londona��s markets up slightly but others seeing declines. The FTSE 100 added 0.08 percent to 4,689.67 in London, while the FTSE 250 was up 0.19 percent to 8,370.25. Over on the 250, directories publisher Yell Group (LSE: YELL) led gainers on the index and in a mixed media […]

Drug maker Shire sees gains on session

Drug maker Shire sees gains on session

European equities markets were lower Monday, with the FTSE 100 1.46 percent lower to 4,645.01 in London, while the FTSE 250 fell 2.84 percent to 8,274.09. Drug maker Shire (LSE: SHP) turned in the best performance of the day on the 100 as it added 2.21 percent and GlaxoSmithKline (LSE: GSK) also was among the […]

Taylor Wimpey leads London housebuilders higher

Taylor Wimpey leads London housebuilders higher

European equities markets were lower Friday as investors worried about new data on US consumer confidence which called into question how fast the economy will recover from the recession. The Reuters/University of Michigan consumer confidence index was at 63.2 in August, down from 66 in July and below an expected rise to 68.5. In London, […]

Balfour Beatty leads as 100 gains

Balfour Beatty leads as 100 gains

European equities markets were higher Wednesday as utilities shares were higher and most banks were higher. The FTSE 100 added 0.97 percent to 4,716.76 in London, while the FTSE 250 was up 0.59 percent to 8,351.93. Construction and engineering group Balfour Beatty (LSE: BBY) led the 100 with a gain of 8.26 percent, while over […]

International Power adds 7.25 percent

International Power adds 7.25 percent

European equities markets were lower Tuesday after new data from the US Commerce Department showed that wholesale inventories in the United States dropped by 1.7 percent in June, to their lowest in nearly two years. The new figures put the economic recovery in doubt. The FTSE 100 was 1.08 percent lower to 4,671.34 in London, […]

Insurer Legal & General drops 8.6 percent

Insurer Legal & General drops 8.6 percent

European equities markets were lower again Wednesday. The FTSE 100 was down 1.12 percent to 4,140.23 in London, while the FTSE 250 was 1.76 percent lower to 7,189.9. The top three losers on the 100 were all in the insurance sector, led by Legal & General (LSE: LGEN) with a decline of 8.66 percent. The […]

Diageo sees best day on 100; WPP Group drops most

Diageo sees best day on 100; WPP Group drops most

European equities markets were lower Thursday after new data from the United States Labor Department revealed that unemployment was up again there in June and on a separate report that said Eurozone unemployment rose to 9.5 percent, the highest level in a decade. In London, the FTSE 100 was 2.45 percent lower to 4,234.27 while […]

British Airways declines in winning London session

British Airways declines in winning London session

European equities markets saw gains Monday as the European Commission predicted that the worst of the economic crisis could be over in the region even though a separate report from the Commission warned that unemployment could remain high and could limit recovery. In London the FTSE 100 was 1.25 percent higher to 4,294.03 while the […]

BT Group, Telecom Plus lead 100, 250

BT Group, Telecom Plus lead 100, 250

European equities markets were mixed Tuesday, with London markets reflecting the varied results in the rest of Europe. The FTSE 100 was up 0.06 percent to 4,328.57 while the FTSE 250 was 0.13 percent lower to 7,483.6. Telecommunications-related shares were the top winners on both London indexes as BT Group (LSE: BT.A; NYSE: BT) added […]

Lonmin biggest loser among miners

Lonmin biggest loser among miners

European equities markets were lower Monday, with individual gainers difficult to come by on the main indexes in London, Paris and Frankfurt. The FTSE 100 was 2.61 percent lower to 4,326.01 in London, while the FTSE 250 fell 2.57 percent to 7,493.52. The five biggest losers on the 100 were all in the mining sector, […]

Vedanta Resources leads miners, FTSE 100

Vedanta Resources leads miners, FTSE 100

European equities markets were higher Wednesday as most miners saw gains on speculation that prices for some metals could go higher in the next few years. In London, the FTSE 100 was up 0.73 percent to 4,436.75 and the FTSE 250 added 0.5 percent to 7,729.98. The five top gainers on the 100 were all […]

Thomas Cook Group leads 100 with 10 percent gain

Thomas Cook Group leads 100 with 10 percent gain

European equities markets were mixed Tuesday, with most up but a few lower. In London the FTSE 100 dropped 0.01 percent to 4,404.79 while the FTSE 250 added 0.05 percent to 7,691.65. Travel agent Thomas Cook Group (LSE: TCG) saw the best result of the day on the 100 as it added 10.04 percent while […]

Hochschild leads miners lower

Hochschild leads miners lower

Europea��s equities markets saw declines Monday as banks stocks and miners had trouble gaining traction. The FTSE 100 was 0.75 percent lower to 4,405.22 in London, while the FTSE 250 dropped 0.77 percent to 7,687.86. Among miners, Hochschild Mining (LSE: HOC) dropped 7.7 percent for the worst performance of the day on the 250 and […]