Stocks slip after yuan revalued
Reuters - U.S. stocks opened lower on Thursday after China loosened its yuan currency exchange rate against the dollar, which could squeeze profits of companies that source heavily from China, such as Wal-Mart Stores Inc.
Stocks Move Lower on London Explosions
AP - Stocks edged lower Thursday as unease over the possibility of new terrorist attacks in London overshadowed China's decision to revalue its currency.
Canadian dollar, markets boosted by China's move to unlink from US dollar
Canadian Press - TORONTO (CP) - The Canadian dollar was up more than half a U.S. cent and stock markets looked to open higher early Thursday after China decided to end its currency peg to the U.S. dollar.
Grasso suggests deal possible, then says no
USATODAY.com - Richard Grasso, the New York Stock Exchange chairman forced out in a controversy over his giant pay package, opened the door Wednesday to settling a dispute with New York Attorney General Eliot Spitzer, comments made in an interview with CNBC indicated.
Nikkei ends lower
Reuters - Japan's Nikkei average fell 0.02 percent on Thursday as investors turned cautious and sold recent gainers such as steel makers, but market sentiment remained firm with auto stocks ending higher after a brokerage upgrade.
Wednesday's Wall Street Glance
AP - Dow Jones Industrials
Amex loses out to NYSE on ETFs
FT.com - The American Stock Exchange, the third-largest in the US, received a heavy blow on Wednesday when it lost the listings of nearly half of its exchange traded funds - a rapidly growing product area it pioneered.
News better be good news for tech stocks
Reuters - U.S. technology companies are finding out that even a whiff of a neutral or slightly negative tone in an otherwise upbeat earnings report can send their stock tumbling.
Former chairman Richard Grasso says he's open to settling NYSE suit
Canadian Press - NEW YORK (AP) - Former New York Stock Exchange chief Richard Grasso, who was sued by New York's attorney general over his $187.5-million-US pay package, said Wednesday he's willing to settle the case.
Dollar robust vs yen pre-Greenspan
Reuters - The dollar hit a 14-month high against the yen on Wednesday as expectations grew Federal Reserve chief Alan Greenspan will signal steady rises in U.S. interest rates in testimony later in the day.
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