The U.S. dollar is under assault. It now takes $1.51 just to get 1 euro - that's the first time that's happened since the euro launched nine years ago. And it's not just the euro riding high. The dollar is hitting record lows against several of the world's major currencies. A slowing U.S. economy is forcing the Federal Reserve to cut interest rates at a time when other central banks are holding rates steady. That makes the dollar less attractive on the global investment stage. Ashraf Laidi, chief foreign exchange strategist with CMC Markets. SOUNDBITE: Ashraf Laidi, chief foreign exchange strategist, CMC Markets (english) saying: "If the dollar really takes another big tumble like we are seeing here, where we like to call it - the tipping point for the currencies here - that will also really erode an overall confidence in investing in US assets and may get central banks to look into other alternatives." The record low for the U.S. dollar is...
Most Asian shares shook off Wall Street losses and worsening company fortunes Friday, as investors looked for bargains amid general market gloom. Toshiba rose despite saying it would halt chip...
Stock markets in Toronto and New York moved sharply lower Thursday, after spending most of the day dipping into negative territory as crude oil prices hit their lowest level in four years and the...
Exporters and automakers among the big losers as investors eye growing signs of a U.S. recession. MOREINFO: The dollar slumps; taps record low agsint the Swiss Franc SCRIPT: Asia stocks...
Asian shares saw mild bargain-hunting Monday, as hopes of government rescues emerged after a weekend G20 meeting on the financial crisis disappointed. The yen and U.S. dollar pushed higher after...
The Bank of England cut interest rates for the third time in five months to cushion the economy from the global credit squeeze, despite persistent worries about rising inflation. The central bank...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
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