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NEWS
September 16, 2000 | CAROL J. WILLIAMS, TIMES STAFF WRITER
It should have been a case of preaching to the converted when Economic Affairs Minister Marianne Jelved brought her campaign to persuade Danes to adopt Europe's common currency to 300 junior college students here preparing for careers in international business.
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NEWS
September 16, 2000 | CAROL J. WILLIAMS, TIMES STAFF WRITER
It should have been a case of preaching to the converted when Economic Affairs Minister Marianne Jelved brought her campaign to persuade Danes to adopt Europe's common currency to 300 junior college students here preparing for careers in international business.
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BUSINESS
December 3, 1999 | JOHN-THOR DAHLBURG, TIMES STAFF WRITER
The euro, flagship currency of a more perfect and prosperous union for Western Europe, suffered unprecedented humiliation Thursday when it dipped below $1 in value for the first time since its creation in January. The new money, adopted by 11 member nations of the European Union, plunged to a record low of 99.95 cents in late trading in New York, down about 17% from its starting value of $1.17 at the beginning of the year. It later edged back up to close at $1.002.
BUSINESS
September 15, 2000 | From Bloomberg News, Times Staff
The slumping euro currency's corporate victims are beginning to pile up. Colgate-Palmolive Co.'s shares (ticker symbol: CL) tumbled 16% on Thursday after analysts said the world's largest toothpaste maker was warning them that third-quarter sales will rise less than expected because of the falling euro. The stock's plunge--down $8.75 to $47.
BUSINESS
September 15, 2000 | From Bloomberg News, Times Staff
The slumping euro currency's corporate victims are beginning to pile up. Colgate-Palmolive Co.'s shares (ticker symbol: CL) tumbled 16% on Thursday after analysts said the world's largest toothpaste maker was warning them that third-quarter sales will rise less than expected because of the falling euro. The stock's plunge--down $8.75 to $47.
BUSINESS
June 30, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Europe's equity markets, red-hot in the first quarter, turned mixed in the second quarter as high stock valuations and jitters over interest rates and Asia triggered some profit-taking. Still, for the first half of 1998 overall, European markets have utterly dominated global performance charts--reflecting widespread optimism about coming monetary union. While the U.S. Standard & Poor's 500 index is up 17.
BUSINESS
January 26, 1989 | Associated Press
The U.S. dollar fell against major currencies except the West German mark and Swiss franc in European trading today. Gold prices rose. There was a short-lived rally early in the day after news that U.S. durable goods buying surged 6.4% in December, when the expectation had been for a rise of 0.3%. But the dollar slipped again when details showed some of the gains were from large defense and transportation orders.
BUSINESS
September 19, 1992 | LINDA GRANT, TIMES STAFF WRITER
Some big U.S. banks and brokerages with significant foreign-exchange operations are likely to get an earnings boost as a result of the currency crisis that erupted in Europe this week, analysts said Friday. "The net impact will be positive," said Francis X. Suozzo, analyst at London-based S. G. Warburg. "Some banks will make a lot, a few may take a hit." Allison Deans, banking analyst at Smith Barney, Harris Upham & Co.
BUSINESS
November 28, 1995 | Times Staff and Wire Reports
Squabble Over Timing Snags EU Currency Pact: Europe is less likely to have a common currency by the beginning of the next century because the Continent's finance ministers were unable to agree on timing and other technical points. Spanish Finance Minister Pedro Solbes said the daylong ministers meeting had endorsed "fundamental elements" of a plan mapping out a transition to a single currency.
BUSINESS
April 20, 2013 | By Don Lee
WASHINGTON -- Global finance leaders agreed that nations must take stronger action to spur still-lagging and uneven economic growth and job creation. And they had a pointed message for the U.S.: For the sake of the rest of the world, address your longer-range budget debt situation.  In a joint communique and in individual statements at the conclusion of the International Monetary Fund's spring meetings Saturday, finance ministers and central bankers called on Washington to develop a credible plan to deal with its spending and debts over the next several years.
BUSINESS
December 3, 1999 | JOHN-THOR DAHLBURG, TIMES STAFF WRITER
The euro, flagship currency of a more perfect and prosperous union for Western Europe, suffered unprecedented humiliation Thursday when it dipped below $1 in value for the first time since its creation in January. The new money, adopted by 11 member nations of the European Union, plunged to a record low of 99.95 cents in late trading in New York, down about 17% from its starting value of $1.17 at the beginning of the year. It later edged back up to close at $1.002.
BUSINESS
June 30, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Europe's equity markets, red-hot in the first quarter, turned mixed in the second quarter as high stock valuations and jitters over interest rates and Asia triggered some profit-taking. Still, for the first half of 1998 overall, European markets have utterly dominated global performance charts--reflecting widespread optimism about coming monetary union. While the U.S. Standard & Poor's 500 index is up 17.
BUSINESS
September 19, 1992 | LINDA GRANT, TIMES STAFF WRITER
Some big U.S. banks and brokerages with significant foreign-exchange operations are likely to get an earnings boost as a result of the currency crisis that erupted in Europe this week, analysts said Friday. "The net impact will be positive," said Francis X. Suozzo, analyst at London-based S. G. Warburg. "Some banks will make a lot, a few may take a hit." Allison Deans, banking analyst at Smith Barney, Harris Upham & Co.
BUSINESS
January 26, 1989 | Associated Press
The U.S. dollar fell against major currencies except the West German mark and Swiss franc in European trading today. Gold prices rose. There was a short-lived rally early in the day after news that U.S. durable goods buying surged 6.4% in December, when the expectation had been for a rise of 0.3%. But the dollar slipped again when details showed some of the gains were from large defense and transportation orders.
NEWS
September 17, 1992 | TOM PETRUNO, TIMES STAFF WRITER
The turmoil that has gripped financial markets in recent days has raised serious questions about the health of the global economy and the faltering U.S. recovery. Here are answers to some pressing questions Americans may have about the crisis. * Question: Will the chaos in Europe's financial markets mean a fresh blow to the world economy?
BUSINESS
July 1, 1988 | Associated Press
The dollar closed narrowly mixed Thursday in uneventful trading. Gold prices also were mixed. Republic National Bank of New York quoted gold at $435.10 an ounce as of 4 p.m. EDT, down 20 cents from late Wednesday. "The change (in the dollar) wasn't big enough to matter," said Jim Paul, director of futures research at the investment firm Dean Witter Reynolds Inc. in Chicago. "If it lost any ground, it probably was more a reaction to the sharp gains the dollar has had."
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