euro

Currency Wars Are Heating Up Across Latin America

Emerging market countries, especially those in Latin America, are gearing up for a potentially damaging round of currency interventions to help keep their economies competitive. "This is a currency war that is turning into a trade war," says Brazilian Finance Minister Guido Mantega.

If These Big Names Are Right, Brace for Rising Rates

When pros like Warren Buffett and Goldman Sachs start making moves predicated on the expectation of higher rates, investors best take note. And if those smart-money bets are based on a strengthening U.S. economy, the impact on markets could be widespread.

A Rising Dollar and Cooling China Will Pop the Commodities Bubble

The dollar is looking mighty attractive, thanks to a reviving U.S. economy and eurozone woes, and it will only get stronger as traders who gambled that it would fall buy dollars to unwind their bad bets. Add in China's desperate need to get its overheated economy in check, and commodities prices look like they have nowhere to go but down.

Sweden's Central Bank Is Fighting the Next Bubble

While most of the world's central banks are still fighting the last war, Sweden's Riksbank has moved on to the next one. Rather than looking at conventional inflation gauges, the world's oldest central bank is basing its actions on asset-price growth in an effort to prevent the next bubble.

China Stole the Show in 2010. Next Year May Be Tougher

While the U.S. struggled with near-10% unemployment, China grew at that same pace over the past year. But the country faces massive internal problems that leave it in a far more difficult situation than the praise constantly heaped on it implies.

Stocks Vault on Job Gains and Global Data

The Dow jumped skyward on Wednesday as stocks rallied around the globe on a stream of strong economic news, both abroad and in the U.S. A less anxious outlook for European sovereign debt also helped.

Spain to Sell Stake in State Lottery as Debt Crisis Looms

With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it's taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in its national lottery business, Bloomberg reported.

Greece Cleared to Receive Next Batch of Rescue Loans

Greece received the green light for the next installment of its 110 billion euro ($150 billion) bailout package. Representatives of the IMF, ECB and EU said they were recommending that the country receive the third batch of loans under the program, The Associated Press said. The loans are worth 9 billion euros.

Ireland Deal: Euro-Politics Plays a Major Role

Investors should stay focused on the dynamics within European politics that shaped the rescue. Other indebted economies -- like Spain, Portugal and Italy -- could find themselves in a similar situation, after all. And politics will again guide market moves.

Ireland to Overhaul Banking Sector as Part of Rescue Package

Ireland officially applied for a rescue package worth tens of billions of dollars from the EU and IMF in a bid to stabilize its banking system and avoid economic meltdown. The exact value of the rescue package isn%u2019t clear. Goldman Sachs Group (GS) estimated that it may total 95 billion euros, ($135 billion), Bloomberg News reported.

Stocks Edge Higher to Eke Out Weekly Gains

Stocks closed slightly higher Friday after fluctuating most of the session as some better-than-expected quarterly earnings helped offset anxiety over China's move overnight to curb inflation. Ireland made progress on a possible aid package with the European Union, but like the equity markets, the dollar, gold and oil were little changed by day's end.

Ireland in Crisis Talks With EU Over Bailout

Ireland headed into a confrontation Tuesday with leaders of the European Union and other struggling members of the eurozone on whether to seek a financial bailout as jitters continued to disrupt the continent's financial markets.

Ireland in Talks With European Officials About 'Market Conditions'

Ireland is in talks with European officials about "market conditions" amid widespread speculation that the country will accept some form of bailout. "Ongoing contacts continue at official level with international colleagues in light of current market conditions," a Finance Ministry spokesman said in an email late yesterday, Bloomberg News reported.

Eurozone Growth Slows as Austerity Takes Its Toll

Economic growth in the eurozone slowed sharply in the third quarter as austerity measures aimed at cutting budget deficits dented the Continent's recovery. Meanwhile, a growing divergence in the economic performance of EU nations is likely to make it tough for the European Central Bank to set its monetary policy.

It's Time for a New Reserve Currency: Meet the Mondo

For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar's influence, especially now, when the Fed's stimulus actions are pushing the dollar lower, and everything else higher. Global finance expert Peter Cohan has a simple answer: The Mondo.

Why Asian Nations Hate QE2, and What They Should Do

As the G-20 meets in South Korea, many world leaders have stepped up their complaints about the Fed's $600 billion quantitative easing program, as well as the rapid flow of capital into emerging markets. Some countries are installing capital controls in response, but those won't be enough, says global finance expert Peter Cohan.

What the Stocks vs. Dollar Seesaw Is Saying Now

For a host of reasons, when the dollar spikes, stocks drop, and when the dollar falls, stocks soar. Right now, with dollar sentiment reaching maximum bearishness, contrarians are preparing for the next seesaw shift. If the dollar rises again, stocks could reverse.

Unilever Earnings Rise on Strong Sales, Weak Euro

Consumer goods company Unilever NV (UL) reported third quarter earnings of 0.43 euros per diluted share, up from 0.36 euros a year earlier. Sales rose 13.2% to 11.5 billion euros ($16.4 billion), driven by a strong performance in emerging markets, the company said in a statement.

BMW Allegedly Blocked Car Sales to Swiss Citizens

Swiss antitrust authorities are investigating BMW for allegedly blocking vehicle sales to Swiss citizens in some parts of Europe. The Swiss Competition Commission said it has information that BMW distribution branches in the European Economic Area are barring sales of BMW and Mini brand vehicles to Swiss citizens, Bloomberg News said.

Greece: A Lesson in Overblown Market 'Crises'

To hear the pundits tell it, Greece's debt woes and accompanying civil disturbances signaled the end of the euro, or worse. Yet, the country's rebound gets little attention. This pattern gets repeated over and over, much to investors' detriment.

Dollar Falls to 15-Year Low Against Yen

The dollar fell to a 15-year low against the yen and the weakest since January against the euro on speculation that the Federal Reserve will ease monetary policy. The dollar slipped 0.8% to 81.13 yen at 6:37am in New York, from 81.81 yen on Wednesday. Earlier, it fell to 80.89 yen, the weakest since 1995. The dollar fell to as low as $1.4122 against the euro, the weakest since Jan. 26.

Buffett Warns That Euro Faces a 'Real Challenge'

The euro has posted its biggest quarterly gain in eight years, but billionaire investment guru Warren Buffett is worried about Europe's common currency. Despite the E.U.'s trillion-dollar bailout fund, he's not sure the Continent will be able to avert a sovereign debt meltdown.

U.S. Dollar Trades Near 8-Month Low on Fed Bets

The U.S. dollar traded near an eight-month low against the euro on bets that the Federal Reserve will signal it is willing to buy more government debt in order to stimulate the economy. The U.S. dollar traded at $1.3940 per euro as of 11:08 a.m. in London, Bloomberg News reported. It fell to $1.4012 earlier today and reached $1.4029 on Oct. 7, the weakest since Jan. 28.

Why Easing the Threat of Currency War Is So Difficult

Investors take note: Despite the calls for order, national policymakers are dealing with an increasingly haphazard scenario loaded with counterproductive results and unintended consequences. The result could be a slide toward protectionism.

If the Dollar Stabilizes, Stocks Could Be Done

The U.S. dollar and U.S. stocks have a see-saw relationship: When one is up, the other is down. If the dollar is now bottoming out and ending its long decline, that could spell bad news for equities going forward.

Allied Irish Banks to Sell M&T Bank Stake for $2 Billion

Allied Irish Banks (AIB), the lender being taken over the Irish government, will raise roughly $2 billion by selling its 22.4% stake in M&T Bank Corp (MTB). The Dublin-based bank will offer 26.7 million notes for a price of $77.50 each, Bloomberg News said. The notes will be exchanged for shares in M&T by Nov. 15.

China Promises Continued Support for Europe

Chinese premier Wen Jiabao said his country will support European bonds and the euro currency. "I have made clear that China supports a stable euro," he said, according to BBC News.

Ireland Bank Bailout Could Cost $68 Billion

The Irish government is working to take majority control of one troubled lender, Allied Irish Banks (AIB), and to inject yet more cash into another, Anglo Irish Bank Corp. The moves could take the cost of Ireland%u2019s bank bailout to as much as 50 billion euros ($68 billion), according to Bloomberg News.