Exporters reap the benefits of weak euro
“Only time will tell as to whether or not this is the normal volatility of exchange rates or whether we're seeing a structural and more long-term change in the value of the euro versus the dollar,” said Christopher Viehbacher, chief executive. Sanofi …
Pound Advances as U.K. Rate Cut Speculation Subsides
The pound advanced for the first time in three weeks against the euro after Bank of England Governor Mervyn King said cutting U.K. interest rates may be counterproductive. Sterling reached the highest this month against the dollar after King's comments …
How long can Spain take the financial heat?
Salt Lake Tribune
Most market-watchers think borrowing at an interest rate of 7 percent is unaffordable for a country in the long-term. And it's also the pain threshold that eventually compelled Greece, Ireland, and Portugal to request billion-euro bailouts. The 7 …
U.S. Money Funds Boost Euro-Area Bank Holdings From June Low
Demand for euro-area bank securities also picked up after the ECB lowered deposit rates to zero on July 5, causing some U.S. managers to temporarily shut European money funds to new investors and prompting a search for higher-yielding investments.
MARKET EYE-Indian OIS rates edge down tracking oil, euro
India's benchmark 5-year OIS rate down 3 basis points at 7.00 percent while the 1-year OIS rate down 2 bps at 7.72 percent, tracking lower global crude oil prices and the drop in the euro. * Traders said the rise in crude globally was again creating …
Forex Flash: Negative rates in several European countries reflects fear of …
Forex Flash: Negative rates in several European countries reflects fear of euro zone disintegration – BBH. FXstreet.com (Córdoba) – The negative interest rat… @ 8:49 AM, Wednesday August 08 2012. FXstreet.com (Córdoba) – The negative interest rates …
Ageas Insurance Net Tops Estimates as Combined Ratio Drops
Claim payments and other expenses as a percentage of premiums fell to less than 100 percent for the first time since 2008, indicating profitable underwriting after Ageas raised premium rates and claims fell. The insurer will spend as much as 200 …
Italy plays down prospects it will tap EU rescue funds
Sees ECB lowering rates in next few months. * Cabinet Undersecretary says others must seek help before Italy (Adds Monti comments). MILAN, Aug 5 (Reuters) – Italy does not at the moment need to ask the euro zone's rescue funds to buy its government …
Analysis: Crisis stifles Italian firms' competitiveness drive
The European Central Bank has slashed its interest rates and showered banks with cheap cash in the hope they will lend to companies and consumers in the struggling southern nations such as Italy, which have been worst hit by the euro zone crisis.