September 15, 2000 |
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.
June 30, 1998 |
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.
January 26, 1989 |
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.
September 19, 1992 |
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.
November 28, 1995 |
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.
April 20, 2013 |
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.