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Miesiąc: maj 2010

Euro soars 1.5% on dollar

Euro soars 1.5% on dollar

The euro leaped 1.5% against the dollar Thursday as global stocks rallied, following a recent trend in which the shared currency tends to recoup some losses toward the end of the week.

Canadian banks: Go big or go home

Canadian banks: Go big or go home

With many of their rivals on the ropes, Canada’s major banks are nicely positioned to catapult into the top tier of U.S. financial institutions — for the first time ever.

Coming soon: Gold ATMs

Coming soon: Gold ATMs

As economic fears drive gold prices to new highs, the creator of a gold-dispensing ATM is attracting attention around the globe.

Euro soars 1% on dollar

Euro soars 1% on dollar

The euro leaped 1% against the dollar Thursday as global stocks rallied, following a recent trend in which the shared currency tends to recoup some losses toward the end of the week.

What recession? Mining equipment is sold out until next year

What recession? Mining equipment is sold out until next year

Metal prices have made spectacular rebounds since the start of the year on growing optimism about the world economy. It’s not even midway through 2010 and Caterpillar has sold out of some of its largest mining vehicles because of rising commodity prices, and is now taking orders for 2011 delivery.

Boycott BP movement

Boycott BP movement

An online movement to boycott BP for its role in the Gulf of Mexico oil spill is growing at a rate of better than 25,000 names-a-day.

Vienna tops world’s best cities survey

Vienna tops world’s best cities survey

Vienna, the Austrian capital renowned for its music and architecture, has the best quality of life of any city in the world, according to results of a survey released Wednesday.

Dollar resumes gains vs. euro

Dollar resumes gains vs. euro

The dollar continued to gain ground against its European counterpart Monday, as the continent’s debt problems remain a concern in markets worldwide.

Euro continues rebound

Euro continues rebound

The euro continued bouncing off four-year lows seen earlier this week, as investors unwound bets against the shared currency on speculation that the European Central Bank will intervene in the market for the first time in 10 years.

Euro rebounds on ECB intervention talk

Euro rebounds on ECB intervention talk

The euro recovered from earlier losses Thursday amid speculation that the European Central Bank could intervene in the currency market, following signs the Swiss National Bank is already doing so.

German short-selling ban won’t stabilize a thing

German short-selling ban won’t stabilize a thing

Late Tuesday in Europe, German authorities announced they would temporarily ban naked short selling of certain financial institutions and buying of naked credit default swaps of European Union government bonds. Perhaps not surprisingly, the U.S. equity markets sold off on the news and the reaction from European markets Wednesday was just as predictable, down 2 – 3.5% across the continent.

Euro loses ground

Euro loses ground

The dollar rose against the euro Thursday as European stocks took a dive, with the shared currency losing most gains it managed in the previous session.

Estonia in the euro? Why?

Estonia in the euro? Why?

Despite the turmoil in the eurozone, there’s a bit of a love fest going on across the Atlantic. Estonia has worked hard and behaved well, and it’s now time for the little country to adopt the euro. And the euro, right now, just wants to be wanted.

Germany’s short selling ban won’t stabilize anything

Germany’s short selling ban won’t stabilize anything

Late Tuesday in Europe, German authorities announced they would temporarily ban naked short selling of certain financial institutions and buying of naked credit default swaps of European Union government bonds. Perhaps not surprisingly, the U.S. equity markets sold off on the news and the reaction from European markets Wednesday was just as predictable, down 2 – 3.5% across the continent.