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Last updated: 07:49:08 Thursday Jul 17, 2008


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  • Euro soars to $1.60 against U.S. dollar, a new record high
    LONDON (AFP) - The European single currency leapt to a record high above 1.60 dollars here on Tuesday as investor fears grew over the state of the US economy and its financial services sector, dealers said.   Source:(AFP)   2008-07-15

    Oil sets new record above $147 a barrel
    NEW YORK - Oil prices spiked to a new record above $147 a barrel Friday, as rising hostilities between the West and Iran and the potential for attacks on Nigerian oil facilities gave investors reason to rush back into the energy markets.   Nations:Nigeria Israel Malaysia Brazil Hungary   People:Condoleezza Rice   Activities:2007-8 Oil Crisis   Source:(AP)   2008-07-11

    IMF gloomy on growth, warns on inflation
    TOYAKO, Japan (Reuters) - It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, IMF chief Dominique Strauss-Kahn said on Wednesday.   Nations:Japan   Activities:2007-8 Global Inflation 2007 Global Credit Crunch Chinese Currency Dispute   Source:(Reuters)   2008-07-09

    Dollar gets helping hand from Bernanke
    NEW YORK (AFP) - The dollar gained against other world currencies Tuesday in a move traders attributed to remarks by US Federal Reserve chairman Ben Bernanke who indicated more could be done to help US banks weather a lingering credit crunch.   Nations:Japan   People:Ben Bernanke George W. Bush   Activities:2007 Global Credit Crunch   2008-07-09

    The buck doesn't stop here; it just keeps falling
    WASHINGTON - Things in the U.S. sure are tough. Brother, can you spare a euro? Signs saying "We accept euros" are cropping up in the windows of some Manhattan retailers. A Belgium company is trying to gobble up St. Louis-based Anheuser-Busch, the nation's largest brewer and iconic Super Bowl advertiser.   Nations:Canada U.S. Saudi Arabia Russia Germany   People:Yasuo Fukuda Henry Paulson Ben Bernanke   Activities:InBev Buys Anheuser   2008-07-06

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