US dollar

Stories 81 - 100 | << Prev   Next >>

Dollar Slides to Record Low; Oil Tops $102

Investors bet on Fed rate cut, driving euro up against US currency

(Newser) - The dollar declined against most major currencies and fell to its lowest level ever against the euro today as markets anticipated another rate cut from the Fed when it meets March 18, increasing the value of assets outside the US, Bloomberg reports. The dollar’s erosion pushed commodity prices up,...

New York Loves Euros
New York
Loves Euros
Feb 25, 2008 11:35 AM CST

New York Loves Euros

Awash in tourists, Big Apple shops welcome stronger currency

(Newser) - Wander through the Big Apple these days and you’ll see signs like “Euros accepted!” and even “Euros Only.” The latter is a joke—dollars are accepted, as are British pounds—but many New York City merchants are more than willing to accept visitors' currency, the...

Dollar Gains Slightly Against the Euro

Investors wait for latest read on vigor of US economy

(Newser) - European markets saw the US dollar edge higher against the euro, yen and British pound today as traders looked for clues as to whether the US economy would avoid a recession, reports the Associated Press. Today’s report on January sales of existing homes will likely cast some light on...

Big Apple Opens Arms to Euros
Big Apple Opens Arms to Euros
Feb 7, 2008 12:00 PM CST

Big Apple Opens Arms to Euros

Stores taking foreign currency as weak dollar encourages tourists

(Newser) - The falling dollar has made the US a travel bargain, and some merchants in New York City have flung open their doors—and their tills—to the sudden influx of foreign currencies, Reuters reports. The euro, up 12% against the dollar in the past year, is particularly common. "Money...

Warren Buffett Chides Banks for Role in Market Mayhem

Calls meltdown 'poetic justice'

(Newser) - Billionaire Warren Buffett thumbed his nose at eminent investment banks today, claiming they caused their own demise in the subprime mortgage meltdown. "It's a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end," Buffett said.

Foreign Buying Spree Reaches Deep Into US

With weak dollar driving acqusitions, lawmakers get skittish

(Newser) - As the dollar drops, foreign investors are buying up US enterprises large and small, from multi-billion-dollar stakes in Wall Street banks to ownership of chemical factories and construction companies in the likes of North Carolina. Canadian, British and German companies have been expanding their portfolios in the US for years,...

For Sale: These United States
For Sale: These United States
OPINION
Jan 20, 2008 10:41 AM CST

For Sale: These United States

Bush, US companies reduced to holding out a tin cup

(Newser) - Some Americans are outraged about illegal immigrants crossing the Mexican border, but the New York Times' Maureen Dowd thinks that the breech of some financial boundaries are of greater concern. "Who’s going to own the American economy?" she asks, pointing to oil-rich countries taking advantage of the weak...

Oil Sends Trade Deficit to 14-Month High

Soaring crude prices overshadow strong growth in US exports

(Newser) - The trade deficit widened 9.3% to $63.1 billion in November, despite a healthy growth in exports. With the dollar down, and demand for US goods rising in Asia and Latin America, exports moved at a healthy clip. But spending on imported oil overshadowed everything else, Bloomberg reports. “...

Yuan-Dollar Battle Continues
Yuan-Dollar Battle Continues
Dec 31, 2007 9:50 AM CST

Yuan-Dollar Battle Continues

Despite currency's growth, US criticism of Beijing endures

(Newser) - Despite the yuan's continued appreciation against the dollar this year, at nearly 7%—double its growth in 2006—critics say the currency needs to adjust even higher to balance China's trade surplus, reports the Wall Street Journal. In the US, China’s economic strength has become a standard concern on...

Is the Worst Over for the Dollar?
Is the Worst Over for the Dollar?
Dec 27, 2007 12:30 PM CST

Is the Worst Over for the Dollar?

Experts predict modest rise for greenback in '08

(Newser) - After a year that saw the dollar slip to record lows against the euro and its weakest position in decades, the worst might be over for the beleaguered greenback. A survey of 42 strategists by Bloomberg found nearly unanimous consensus that the dollar is set for a gain, with a...

Weaker Dollar Revamps World Economy
Weaker Dollar Revamps World Economy
Dec 24, 2007 11:04 AM CST

Weaker Dollar Revamps World Economy

Americans lose pride, buying power, but gain jobs and sales abroad

(Newser) - A declining US dollar is sparking changes worldwide, drawing jobs to the States and spurring sales of US goods, but also ending an age of rich Americans abroad and hurting economies that are pegged to the note. Its 7-year, 40% drop against the Euro is no short-term slide either, experts...

Stocks Plunge to End Off Week
Stocks Plunge to End Off Week
Dec 14, 2007 3:51 PM CST

Stocks Plunge to End Off Week

Big consumer price inflation builds concern rate cuts are over

(Newser) - The Dow dived 178.11 points today to 13,339.85 after a 0.8% spike in the consumer price index, the biggest since September 2005, sparked concern that the era of rate cuts might be over. Inflation was “the 800-pound gorilla in the room,” one strategist told...

China Looks to Buy American
China Looks
to Buy American
Dec 10, 2007 7:27 PM CST

China Looks to Buy American

Seeks investments to adjust yuan growth; US official set for talks

(Newser) - China, increasingly being called upon to more rapidly adjust the growth of the yuan against the dollar, is looking to expand its investment in US assets as a way to funnel its powerhouse currency out of the country, Bloomberg reports today. Treasury Secretary Henry Paulson visits Beijing Wednesday for a...

US Citizenship Denied, Illegal Brazilians Head Home

'You can't spend your life waiting to be legal'

(Newser) - Anti-immigrant crackdowns have partly succeeded, the New York Times reports, citing a wave of returning middle-class Brazilian illegals. Faced with no way to renew driver's licenses and no hope of legalization, many are going home, where economic conditions aren’t half bad. “Why should you stay if you have...

Airbus, VW May Open US Plants
Airbus, VW
May Open
US Plants
Dec 4, 2007 4:00 PM CST

Airbus, VW May Open US Plants

Weak dollar has European companies looking overseas

(Newser) - The dollar’s continued weakness against the euro has European companies such as Airbus and VW looking to move production to the US, reports Der Spiegel. “We don’t have a choice,” said the CEO of Aribus parent company EADS. If Airbus wins a contract to supply the...

Weak Dollar Draws Foreign Shoppers
Weak Dollar Draws Foreign Shoppers
Nov 30, 2007 9:46 AM CST

Weak Dollar Draws Foreign Shoppers

International travelers arrive with fat wallets, empty suitcases

(Newser) - Foreigners are taking advantage of the weak US dollar to do their holiday shopping in the States, Time reports in a look at a double-edged trend. Even as American shoppers find the cost of imported goods soaring, international visitors are arriving in droves, and "they're mentioning the exchange rate...

Euro Slips on Interest Rate Speculation

Down from record high; fading German consumer confidence a factor

(Newser) - The euro dropped against the dollar on speculation that the European Central Bank might hold off on raising interest rates, AP reports. The euro hit a record $1.4966 Friday as investors worried about US stability. It was down to $1.4732 this morning in European trading. Germany is feeling...

Weak Dollar a 'Life Threat' to Airbus

Airplane giant urges European governments to slow surging euro

(Newser) - The weakening dollar has European aerospace giant Airbus in a tailspin that could be “life-threatening,” CEO Tom Enders said yesterday, the Financial Times reports, adding that the exchange rate has “gone beyond the pain barrier.” Airbus said every 10-cent decline in the dollar cost the company...

Oil Tops $99 as Dollar Sinks
Oil Tops $99 as Dollar Sinks
Nov 21, 2007 4:05 AM CST

Oil Tops $99 as Dollar Sinks

Weak greenback and strong demand could send crude over $100 a barrel today

(Newser) - The price of oil hit a record high mere pennies from $100 a barrel and the dollar sunk to a new low in early trading today. Oil hit $99.29 but slipped back to $98.64. With cold weather hitting the US, and OPEC supplies limited, some analysts think oil...

Gulf States May Dump the Dollar
Gulf States May Dump the Dollar
Nov 20, 2007 2:31 PM CST

Gulf States May Dump the Dollar

Sinking greenback fuels inflation in booming Gulf economies

(Newser) - The flagging greenback is forcing oil-rich Gulf states to consider uncoupling their currencies from the US dollar to fight runaway inflation at home and the devaluation of their own currencies, the Wall Street Journal reports. Leaders are considering everything from an outright break to revaluing their own currencies to pegging...

Stories 81 - 100 | << Prev   Next >>