Search Results for: SIX
Yen Advances on Haven Demand Amid Global Plunge in Equities
December 9th, 2014
The yen gained the most in two months against the dollar as a plunge in global stocks revived demand for Japan’s currency as a haven. The yen rose versus all but one of its 16 major peers as the ...
Russia Economic Pain Spreads as UBS Cuts Seven Stocks
December 9th, 2014
Russia’s worsening economic crisis is spreading through its corporate bond and stock markets as a tumbling ruble and plunging growth erode confidence in companies recently seen as able to withstand the turmoil. UBS AG cut stock ratings for seven ...
European Stocks Fall From 2008 High; Sika, Saint-Gobain Plunge
December 8th, 2014
A slump in construction companies sent European stocks down after a four-week rally. The Stoxx Europe 600 Index slid 0.4 percent to 349.75 at 9:34 a.m. in London after a 1.1 percent increase last week propelled it to its ...
Dollar Gauge at Five-Year High as Kiwi, Aussie Decline on China
December 8th, 2014
A gauge of the dollar headed for its highest close in more than five years after China said imports unexpectedly fell in November, underpinning demand for the currency of the U.S. where growth is beating forecasts. The dollar rose ...
How Did Germany Limit Unemployment in the Recession?
December 8th, 2014
Here’s a puzzle: During the Great Recession, the total contraction in economic output was noticeably larger in Germany than in the United States, but the rise in the unemployment rate was noticeably higher in the United States than in ...
Osborne moves to cut spending to 1930s levels in dramatic autumn statement
December 4th, 2014
The chancellor, George Osborne, has set out dramatic plans to move Britain from the red into the black that will see public spending as a percentage of GDP fall to its lowest level since the 1930s and could require ...
Euro zone risks return to contraction, China outlook smoggy
December 4th, 2014
The euro zone economy may face another contraction after business activity grew less than expected in November, although although Asian readings were more upbeat, while U.S. data was mixed in global surveys published on Wednesday. Firms across the euro ...
Dollar Approaches 120 Yen on U.S. Growth as Aussie Falls 6th Day
December 4th, 2014
The dollar strengthened to within 0.1 percent of 120 yen, the highest since July 2007, as analysts forecast that U.S. job growth will accelerate while Japan remains in recession. A gauge of the U.S. currency headed for its highest close in more than ...
Bitcoins Seized From Silk Road Offered in Second Auction
December 4th, 2014
The U.S. government will auction 50,000 bitcoins as it disposes the virtual currency seized after closing down the illicit Silk Road marketplace last year. Today’s tender is the second sale after the U.S. Marshals Service sold almost 30,000 bitcoins in June, ...
Fall of the Bond King: How Gross Lost Empire as Pimco Cracked
December 4th, 2014
Bill Gross, the 70-year-old king of bonds, rushed through the offices of his $2 trillion empire on a Friday morning distributing hand-written notes. He knew his reign was over. The billionaire co-founder of Pacific Investment Management Co. and its ...
