Spanish Youth Unemployment Exceeds 40% as Economy Stays Mired in Recession Oct 31, 2009
Spain, once a motor of job creation in the euro region, accounts for about half of the rise in unemployment in the past year in the 16 countries that use the single currency, Eurostat data show. Its has more than doubled in two years. (Bloomberg -- Europe)
Blair mentioned for role of EU president Oct 30, 2009
Britain is not part of the EU single currency Blair himself kept the pound out of the euro nor a member of the Schengen zone of unfettered travel among most EU nations. Many Europeans object to Blair in particular because of his outspoken support for the Iraq War although Brown insisted Thursday that was "not an issue" in Europe today. (MSNBC -- International)
Dollar holds ground against euro Oct 29, 2009
"The euro continues to lose ground after failing to hold above 1.5000 as a sharp pullback in risk appetite and concerns over global growth weigh on the single currency," said analyst John Rivera of Forex Capital Markets. Kathy Lien, director of currency research at Global Forex Trading, said "risk tolerance was obliterated on weak" US new home sales and a continued selloff on Wall Street. (Business Report, South Africa)
Gold inches up as greenback weakens Oct 26, 2009
Expectations for US interest rates to stay low well into next year will likely push the euro higher, with some forecasting the single currency to reach $US1 ... 52 and even higher in the coming three months and euro zone officials may not express serious concerns, as the single currency is not extremely strong on the basis of a trade-weighted average, said Masafumi Yamamoto, chief foreign exchange strategist for Japan at Barclays Capital. (Sydney Morning Herald -- Business)
$ falls to 14-month low vs euro Oct 26, 2009
The euro's gains were also helped by European Central Bank Governing Council member Christian Noyer making no comment on euro/dollar, which speculators took as an excuse to push the single currency higher. But the European single currency trimmed gains after the Chinese researcher who wrote the opinion piece said he was expressing purely personal views. (India Times)
* Oil prices hit one-year high, while metals rally Oct 25, 2009
The European single currency jumped above US$1. 50 on Wednesday for the first time since August last year as investors looked beyond the safe-haven US unit, of which the super-low interest rates are no longer attractive as recovery takes hold. (Taipei Times, Taiwan -- Sports)
China-ASEAN FTA to accelerate RMB regionalization Oct 24, 2009
"I really hope there is a single currency like the euro to cut off the cost of exchanging currency and make the whole process easier," she said. "I hope yuan could be the one as it has been stable and welcomed by the ASEAN people," she said, adding that yuan is very popular in Vietnam, Cambodia and Laos. (Xinhuanet, China)
Dollar ends week higher as caution takes over Oct 24, 2009
The European single currency touched a 14-month high of 1. 5060 dollars on Friday before pulling back to stay just above 1. (Xinhuanet, China)
Dollar mostly lower, euro holds gains Oct 23, 2009
50 dollar level on a move into safe-haven assets, but at 2100 GMT the single currency had moved back up to 1. 5027 dollars after 1. (Business Report, South Africa)
Yen Falls to Two-Month Low Versus Euro on Economy Prospects, Stock Rally Oct 23, 2009
Traders will be looking for signs the euro-zone economy is still recovering to remain comfortable with buying the single currency above $1. 5000, , head of currency strategy in Sydney at National Australia Bank Ltd., wrote in a research note today. (Bloomberg -- Japan)
Weak dollar raises talk of alternative world currency Oct 22, 2009
"The reserve currency is a natural monopoly. It's so convenient to list prices in a single currency," says 's Rogoff, co-author of This Time Is Different, a study of financial crises. The U.S. benefits from the dollar's unique role, enjoying what French President Valery Giscard d'Estaing memorably labeled the "exorbitant privilege" of being able to borrow abroad in its own currency. (USA Today -- Money)
Dollar rebounds Oct 21, 2009
The single currency touched 1. 4994, highest level in 14 months, in Asian trading hours of Tuesday. (Xinhuanet, China)
Euro chiefs express 'worries' over US, China export squeeze Oct 20, 2009
The men who run the euro single currency expressed "worries" on Monday about being squeezed out of competition for exports by two of their main global competitors, the United States and China. LUXEMBOURG (AFP) - The men who run the euro single currency expressed "worries" on Monday about being squeezed out of competition for exports by two of their main global competitors, the United States and China. (Yahoo! Asia News)
We are 'worried' about weak dollar: Eurogroup chief... Oct 20, 2009
The 16 countries that use the euro single currency are "worried" by the weakness of the dollar on currency markets, the head of the eurogroup said on Monday. Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. (The Drudge Report)
Euro Declines as Officials May Show Concern Over Currency's Recent Gains Oct 19, 2009
Europes single currency rose to $1. 4968 on Oct. 15, the strongest since Aug. 13, 2008. (Bloomberg -- Germany)
* Gold strikes record high, oil soars to one-year peak Oct 18, 2009
Gold prices rocketed to a record high beyond US$1,070 per ounce this week, while oil bounced to a one-year peak, as the US currency crumbled in value against the European single currency. So far, dollar weakness has helped lift a number of different assets: crude oil, precious metals, copper and equities, GFT Global Markets analyst David Morrison said. (Taipei Times, Taiwan -- World)
Euro slips against dollar on profit-taking Oct 17, 2009
The European single currency slid on Friday against the dollar as many currency investors opted to take profits after bumper gains earlier this week, dealers said. In late morning London deals, the euro eased to 1. (Business Report, South Africa)
Gold spikes to new record high... Oct 15, 2009
The price of gold leapt to a record peak above 1,070 dollars per ounce here on Wednesday as the dollar slid in value against the European single currency. On the London Bullion Market, gold struck 1,070. (The Drudge Report)
Dollar slumps to 14-month low... Oct 15, 2009
In morning London trade, the European single currency jumped to 1. 4913 dollars, which was last seen in August 2008. (The Drudge Report)
Euro hits $1.49 for first time since August 2008 Oct 14, 2009
In late morning London trade, the European single currency jumped to 1. 4913 dollars, which was last seen in August 2008. (Yahoo News -- Press Releases)
Gold prices hit record high of US$1,068 an ounce Oct 14, 2009
com - Gold prices hit record high of US#dollar;1,068 an ounce. Gold prices hit record high of US 1,068 an ounce Posted: 14 October 2009 0152 hrs. (Channelnewsasia.com)
Japan wants yen to be the anchor of Asia Oct 14, 2009
Japan had no opposition to an Asian single currency ... The senior official expressed some surprise that policy makers in the eurozone were not more troubled by the weakness of the dollar against the single currency, a trend which is making exports from Europe more expensive. (Yahoo News -- Asian Economy)
Gold scores record peak above 1,068 dollars Oct 14, 2009
Gold's latest pinnacle was recorded after the European single currency climbed as high as 1. 4876 dollars, a level which was last seen in August 2008. (Yahoo! Asia News)
Gold hits record high close to $US1,064 Oct 13, 2009
Gold's latest pinnacle was recorded as the European single currency climbed above $1. 48 in foreign exchange trade on Tuesday morning. (Sydney Morning Herald -- Business)
Sentula Mining shares rocket 21 percent on asset sale news Oct 12, 2009
Kuwait, one of four Gulf states to sign a pact to launch a monetary union and single currency, has called for a delay in the 2010 launch date. . (Business Report, South Africa)
Asia looks set to gain strength from crisis Oct 12, 2009
Piecing this puzzle together with even bigger nations such as China, India, Japan and South Korea makes Europe's single currency look simple. In Europe, it took more than three decades to create the euro. (Business Report, South Africa)
Charlemagne: The presidency stakes Oct 9, 2009
Federalists mutter that this job should not go to anybody from Britain, which shuns the single currency, refuses to join the borderless Schengen area and always fights to keep its special rebate from the EU budget. Among politicians from Mr Blair s (nominal) political family, the European Socialists, views of him range from mild dislike to hatred , notes one senior official. (The Economist)
Latvia `on the Edge' After Government Mortgage Plan, Cicero's Oates Says Oct 8, 2009
A sudden spike in the risk premium for states inside the euro zone may put serious pressure on some member states, notably Ireland and Greece -- yet these are still protected by their membership of the single currency, he said. It is the non-euro currencies, such as the Swedish krona and Danish krone and the zloty that may end up taking more collateral damage. (Bloomberg -- Europe)
'Dollar demise': Inexorable but not sudden Oct 7, 2009
When the European Community first posited the idea of the single currency, the markets (particularly in London) sneered. Yet the euro was born and has prospered. (India Times)
Dollar fears stalk IMF-World Bank meet Oct 7, 2009
" read banners held up by demonstrators at the rally organised by leftist groups and trade unions. Officials said about 50 protesters were detained but no one was injured. The talks are set to wind up on Wednesday as world stocks powered higher. Investor optimism stoked a rally on Wall Street and in London the FTSE 100 index climbed 2.26 percent after Australia boosted confidence by becoming the first major developed economy to raise interest rates. But tensions mounted over the role of the... (Channelnewsasia.com)
Cavuto: The Dollar Is in Trouble Oct 7, 2009
Swapping it not with a single currency, but actually a basket of them. Including the Japanese yen and Chinese yuan, and the Euro. (Fox News)
Euro rises after mixed data Oct 6, 2009
The European single currency rose to $1 ... Traders here digested official data showing sales dropped in August for retailers across the 16 nations using the European single currency. (Business Report, South Africa)
Czech leader struggles to defy EU Oct 6, 2009
Not a bureaucratic European superstate with a single currency, a joint foreign policy and a president at its helm. He is not alone. (BBC News -- Europe)
European markets firm after eurozone data Oct 6, 2009
On the foreign exchange market, the European single currency increased to $1 ... The final purchasing managers' index (PMI) for the 16 countries using the single currency, compiled by data and research group Markit, rose to 51. (Business Report, South Africa)
Transcript of a Press Conference by International Monetary Fund Managing Director Dominique Strauss-Kahn with First Deputy Managing Director John Lipsky and External Relations Director Caroline Atkinson Oct 3, 2009
And in terms of currency, in ECOWAS there is no single currency. It is hindering trade. (IMF News)
ECB chief warns strong dollar needed for stable growth Oct 2, 2009
Last week, the euro single currency hit its highest levels for a year against the dollar, although the greenback rose on Thursday. The euro was trading in mid-afternoon at under 1. (Yahoo! Asia News)
Yen Poised for Second Weekly Advance on U.S. Jobs Concern, Stocks Decline Oct 2, 2009
Europes single currency was poised for a second week of decline against the dollar on speculation Group of Seven finance officials meeting in Istanbul this weekend will discuss the euros gains. Japans currency touched a two-week high versus the New Zealand dollar as Asian stocks extended a global slump, prompting investors to sell higher-yielding assets. (Bloomberg -- Japan)
European equities firm at start of fourth quarter Oct 1, 2009
On the foreign exchange market, the European single currency fell to 1. 4583 dollars. (Yahoo News -- Press Releases)
Yen Strengthens on Speculation Japanese Exporters Are Repatriating Profits Sep 25, 2009
1 percent weekly gain against Europes single currency, the first advance since the five days ending Sept. 4. The G-20 also agreed to take steps to restrict excesses in the financial industry and cooperate on increasing capital standards for banks, Reuters said, citing the draft report. (Bloomberg -- Japan)
Obama tells Hatoyama US-Japan ties 'critical' Sep 24, 2009
During his meeting with Chinese President Hu Jintao on Monday, Hatoyama proposed a plan to create a future EU-style East Asian community, which may be bound under a single currency. Recommend. (Yahoo! Asia News)
Japan pushes for Asian union Sep 23, 2009
He said the vision was designed to unify the region, possibly under a single currency. I told [Mr Hu] I would like to form an East Asian community by overcoming differences'' including a dispute over exploitation rights for gas fields lying near islands the two countries claim in East China Sea, Mr Hatoyama told reporters. (Sydney Morning Herald -- World)
* Hatoyama proposes East Asian community to China Sep 23, 2009
Hatoyama, who advocates an easing of Japan's long prickly ties with its giant neighbor, told Hu he intended to push a vision of an East Asian community to unify the region, possibly under a single currency. I told [Hu] that I would like to form an East Asian community by overcoming differences, including a dispute over exploitation rights for gas fields lying near islands the two countries claim in the East China Sea, Hatoyama told reporters. (Taipei Times, Taiwan)
Japan PM proposes East Asian community to China Sep 22, 2009
" onclick="Next();" src="/images/butt_next. " Hatoyama replied: "Basically, we regard it as a domestic issue, but I hope this will be resolved through dialogue. (Channelnewsasia.com)
Euro nears one-year high against $US Sep 22, 2009
The European single currency spiked close to a one-year high near $US1. 48 on Tuesday as many investors sold safe haven assets on the back of growing economic optimism, dealers said. (Sydney Morning Herald -- Business)
Dollar rebounds from sharp falls Sep 19, 2009
The European single currency fell to 1. 4679 dollars, up from 1. (Business Report, South Africa)
Eurozone shows its strength in a crisis Sep 18, 2009
At the start of the year, the European single currency celebrated its 10th anniversary ... As the financial crisis intensified, investors began to worry that some eurozone countries might default on their debt driving up their bond yields to the point where some analysts suggested the single currency could even break up. (FT.com -- Markets)
Euro May Strengthen to September 2008 High of $1.4866: Technical Analysis Sep 18, 2009
Europes single currency traded at $1 ... A gauge of performance suggests the recent gains in Europes single currency may be about to end. (Bloomberg -- Germany)
Success of abstinence in cutting teen pregnancies is a 'myth' Sep 18, 2009
" In Britain, experts say that the Government missed its target of cutting the under-18 pregnancy rate by 15 per cent from its 1998 level in spite of the 150 million campaign to reduce pregnancies among young girls. It was also likely to miss its target of halving teenage pregnancies by 2010, probably achieving a reduction of about 17 per cent. http://www.telegraph.co.uk/news/uknews/1535684/Success-of-abstinence-in-cutting-teen-pregnancies-is-a-myth.html External Links More on Advertisement... (Yahoo News -- Birth Control)
Estonia's Euro Aspirations Depend on Controlling Deficit in 2009, S&P Says Sep 17, 2009
Lithuania hasnt set an official target for adopting the single currency, while Latvia, which is relying on an International Monetary Fund and EU-led loan to avert default, expects to join the currency bloc in 2014. Devaluation Speculation. (Bloomberg -- Europe)
Euro to Rise Against Pound to Parity on Loose U.K. Money Policy, BNP Says Sep 17, 2009
Europes single currency will rise to $1. 54, the most since August 2008, by year-end and buy $1. (Bloomberg -- UK)
Israel, Palestinians Cited for War Crimes Sep 16, 2009
The European Community has declared a single currency, all but eliminated borders, and establised a legislative body to oversee the European Community. Eventually, each country will be demoted to a statehood status. (CBS News)
Oil Steady Below $69 on Strong Equities Sep 15, 2009
While the euro climbed to stay in sight of its 2009 highs, supported by growing talk that Asian central banks were bidding the single currency and moving away from the U.S. dollar, Japan's Nikkei stock average squeezed out gains of 0. 1 percent, buoyed by Toyota Motor Corp and other exporters. (ABC News -- Business)
East Africa: Monetary Union to Emulate Euro System Sep 15, 2009
"To reap benefits from a single currency, EAC partners should enjoy a good measure of economic integration (trade and financial flows and cross border movements of people and enterprises). Integration of financial markets is indeed necessary for monetary policy to work across the whole area," the ECB study says. Be the first to. (allAfrica.com)
Denmark May Drop Euro Referendum Pledge as Polls Show Waning Voter Support Sep 12, 2009
Sept. 11 (Bloomberg) -- Denmarks government will probably break its pledge to hold a referendum on joining the euro this electoral term after polls showed voter support for the single currency cooled, two government officials said ... Opposition to the single currency also exists inside the countrys parliament, though pro-euro parties command a 66- percent majority in the assembly. (Bloomberg -- Europe)
Motlanthe blasts Kadhafi Sep 10, 2009
He vowed to pursue his drive, through the pan-African body he was instrumental in creating as successor to the Organisation of African Unity, to turn Africa into a single state with a single currency, passport and army. Kadhafi has ruled Libya with an iron fist for decades and his election as chairman, after years in which the post was held by leaders of African democracies, caused discomfort in some quarters. (iAfrica.com)
Media measurements: Cost per rating point vs cost per thousand Sep 9, 2009
It is a single currency that allows apple to apple comparability across media and within media. It also has an intuitive kitchen logic that allows investment decisions to be made more wisely. (India Times)
Viewpoint: Yes, Japan Does Want a New Relationship with the U.S. Sep 8, 2009
he insisted that "the East Asian region.... must be recognized as Japan's basic sphere of being." Hatoyama, went so far as to call for the development of something like a European Union with a single currency, no less in East Asia. This is heady stuff. (Time.com)
East Africa: Work On Single Currency Begins Sep 7, 2009
com: East Africa: Work On EAC Single Currency Begins (Page 1 of 1). East Africa: Work On EAC Single Currency Begins ... The consultations will take stakeholders through the prerequisites for the East African Monetary Union; the establishment of the legal and institutional framework necessary for the implementation of the EAMU; the preparatory work for the move the EAMU inclusive of the measures to be taken in replacing the national currencies with the future single currency. (allAfrica.com)
Poland's Euro-Adoption Goal `Blown Off Course,' by Economy, Rostowski Says Sep 6, 2009
Poland previously planned to adopt the euro in 2012 after testing its currency stability by pegging the zloty to the single currency before the end of this year ... Countries seeking to adopt the single currency must narrow the deficit to 3 percent of GDP. The Commission recommended Poland fulfill the criterion by 2012. (Bloomberg -- Europe)
Eurozone jobless numbers pass 15 million Sep 2, 2009
BRUSSELS (AFP) - The fragile nature of Europe's economic recovery was laid bare Tuesday as unemployment burst through the 15 million barrier in the single currency eurozone. As leaders of G20 economies prepare to cross swords on post-crisis strategy, the number of people out of work in the 16 countries that use the euro hit a 10-year high in July, official EU data showed. (Yahoo! Asia News)
Eurozone unemployment hits 10-year high Sep 2, 2009
In the 16 nations using the single currency, 15. 09 million people were unemployed in July -- the seasonally-adjusted rate of 9. (Yahoo! Asia News)
* African states and common currencies Aug 29, 2009
The African Union is now aiming at pooling all the continents currencies into a single currency by 2028. In the meantime, several regional monetary unions are on the drawing board, in addition to the two monetary unions that already exist X one de jure and the other de facto. (Taipei Times, Taiwan -- Business)
Japan Should Work Toward Asian Currency, Hatoyama Writes in New York Times Aug 27, 2009
We must spare no effort to build the permanent security frameworks essential to underpinning a single currency that will likely take more than 10 years to establish. The global financial crisis and the Iraq war have diminished U.S. influence around the world and cast doubt about the permanence of the dollar as the key global currency, he wrote. (Bloomberg -- Japan)
Yen Advances for Third Day as China Policy Concern Spurs Demand for Safety Aug 27, 2009
We must spare no effort to build the permanent security frameworks essential to underpinning a single currency that will likely take more than 10 years to establish. Pound Drops. (Bloomberg -- Japan)
Switzerland has world's best wages; Mumbai has lowest Aug 27, 2009
All amounts were converted into a single currency before being compared. The world's cheapest places to live were Malaysia's Kuala Lumpur, Manila in the Philippines, and Delhi and Mumbai. (India Times)
