Stocks rise as service industry index signals growth for first time in a year; Dow jumps 112October 5th, 2009 Stocks jump on service industry, bank reportsNEW YORK — The first growth in the service industry in a year and an upgrade of big banks pulled investors into the stock market after a two-week slide. Major stock indicators rose jumped about 1 percent Monday, including the Dow Jones industrial average, which added 112 points.
Commodities retreat as dollar gains ground against other currencies; gold stays above $1,000September 21st, 2009 Gold, silver, oil sell off as dollar risesNEW YORK — Gold and silver prices fell for a third straight trading day Monday as the dollar gained ground against other major currencies. The stronger dollar also sent crude prices sharply lower.
Oil holds above $70 as a weaker dollar drives investors to energy commoditiesAugust 13th, 2009 Oil settles above $70 as dollar fallsNEW YORK — Oil prices rose Thursday, holding above $70 a barrel as a weaker dollar pushed investors toward energy commodities. Benchmark crude for September delivery added 36 cents to settle at $70.52 a barrel on the New York Mercantile Exchange.
Oil rises above $71 as a weaker dollar drives investors to energy commoditiesAugust 13th, 2009 Oil rises above $71 as dollar fallsNEW YORK — Oil prices rose above $71 a barrel Thursday as a weaker dollar drove investors toward energy commodities. Benchmark crude for September delivery added 41 cents at $70.57 a barrel on the New York Mercantile Exchange.
Canadian dollar on rampage, government worriedAugust 5th, 2009 TORONTO - The Canadian dollar - the only among the major global currencies - is on the rampage, reaching its highest level against the US dollar in 2009 Tuesday. The loonie, as the Canadian dollar is called, reached almost 94 cents US for the first time since October 2009, raising concern about its impact on the country's economic recovery.
Dollar slump on pause for day; greenback ticks higher day after big drop to year lowsAugust 4th, 2009 Dollar ticks higher day after drop to year lowsNEW YORK — The dollar slump was put on pause a day after the greenback fell to its lowest point for the year against a number of currencies. Stock markets wavered on Tuesday, a day after the Standard & Poor's 500 index rang past the 1,000 mark on for the first time since November.
Rising Canadian dollar threatens recoveryAugust 3rd, 2009 TORONTO - The Canadian economy is yet to get back on the revival path and the runaway Canadian dollar is threatening to thwart any hopes of recovery. The loonie, as the Canadian dollar is called, has already reached 92.5 cents US after having sunk as low as 77 cents US in March this year.
Big improvement in US output decline dulls dollar luster; big drops vs European currenciesJuly 31st, 2009 Dollar slides sharply as GDP decline moderatesNEW YORK — The dollar closed the week out lower as a report showed the decline in U.S. economic output was vastly improved in the second quarter.
Dollar slides as more big companies turn in strong quarterly results, triggering risk appetiteJuly 20th, 2009 Dollar slides on upbeat corporate earningsNEW YORK — The dollar hit its lowest level against the euro in nearly seven months as prospects of a deal to rescue U.S. lender CIT and optimism about corporate earnings increased investors' appetite for risk — driving them from the safety of the American currency.
Tech Mahindra seeks end to eight-year World Bank ban on Satyam Computer ServicesJuly 2nd, 2009 SYDNEY - Tech Mahindra, the new owner of the troubled Indian IT services firm Satyam, has officially written to the World Bank seeking an end to the eight-year ban against Satyam Computer Services for allegedly providing improper benefits to bank staff. The company has rebranded itself as Mahindra Satyam.
Dollar gains after World Bank cuts growth forecast as investors await results of Fed meetingJune 22nd, 2009 Dollar gains after World Bank cuts growth forecastNEW YORK — The dollar strengthened Monday ahead of the Federal Reserve's meeting later this week as the World Bank downgraded its assessment of the global economy, ramping up interest in the "safe" greenback. The 16-nation euro dropped to $1.3883 in morning trading from $1.3956, while the British pound fell to $1.6400 from $1.6518.
Canada keeps interest rate at record low, warns of rising Canadian dollarJune 4th, 2009 Canada keeps interest rate at record lowTORONTO — Canada's central bank is keeping its trendsetting interest rate unchanged at a historic low of 0.25 percent and says the rise of the Canadian dollar is threatening the country's economic recovery. The Bank of Canada reiterated Thursday its conditional commitment to hold the rate at a record low through June 2010.
Gold prices drop 2 percent as dollar gains ground against other currenciesJune 3rd, 2009 Gold prices fall sharply as dollar reboundsNEW YORK — Gold prices have fallen sharply as the dollar rebounds against the euro and the British pound. The dollar's gains come ahead of Thursday's interest rate decisions from the European Central Bank and the Bank of England.
Falling dollar helps push gold prices higher; positive economic data boosts oil, other metalsMay 4th, 2009 Gold prices rebound as dollar slipsNEW YORK — Gold prices rebounded Monday, moving higher as the dollar slipped against other currencies. The dollar was lower against the British pound and the euro on Monday as demand for the safety of the U.S.
Canadian dollar, markets keep risingJanuary 8th, 2009 TORONTO - Though prices of two main Canadian resources of oil and commodities continue to slip, the Canadian dollar has risen appreciably against the US dollar in the new year. Thanks to the weakening US dollar, the loonie - as the Canadian dollar is called - rose as high as 84.85 cents US, gaining 1.31 cents against the greenback Thursday.
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