The Australian dollar has opened higher, in line with a similar move on the euro, as inflation concerns in Europe and weak US equity markets caused the market to sell the US dollar.
Do Big Retailers Play Fair with Fair Trade? Some proponents of fair-trade pricing say the adjustments needed to sign up companies like Wal-Mart and P&G warp the goal of helping small farmers.
An inflation figure of 11.05 percent, followed by a broad hint from the finance minister that monetary policy may be tightened, precipitated a nosedive in Indian equity markets Friday.
After the Federal Reserve's meeting this week, the Fed policymakers are expected to voice a tough stance on inflation. Talk about poor timing.
Though Wall Street's inflation concerns have not abated _ crude oil remains above $134 a barrel _ worries about the health of the U.S. financial system and broader economy have returned in force.
Last week, Citigroup Inc. warned that it expects substantial debt losses in the second quarter; two bond insurers lost their Moody's 'AAA' rating; Fifth Third Bancorp said it needs to raise $2 billion in capital; the broker MF Global said widening credit spreads will dampen its profit.
Ford said it would post a deeper loss for its auto business this year and warned it would be difficult to avoid a loss in 2009.
As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
The three men, claiming to have been rescued from financial ruin by divine intervention, went to homes and churches across North and South Carolina spreading tales of financial rescue.
British bank Lloyds TSB would consider a significant acquisition and is looking at a possible deal in Germany, sources familiar with the situation said on Saturday.
Fears are mounting over a potential cash crisis at America's top carmakers after Ford warned that its losses are running into billions as the rocketing price of petrol keeps customers out of its showrooms.
Two Des Moines civic leaders have been asked to head a statewide private fundraising effort to help victims of recent floods and tornadoes.
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