Thursday, April 27, 2006

Yen Drops Versus Dollar as Japan's Takenaka and Abe Say Deflation Persists
April 28 (Bloomberg) -- The yen dropped after Chief Cabinet Secretary Shinzo Abe and Heizo Takenaka, the minister of internal affairs, said mild deflation persists in Japan. The comments may quash speculation the central bank is close to ending its zero-i
Bloomberg

Kia Motors' First-Quarter Profit Plummets
AP (Thu 11:13pm)

Japanese Stocks Down in Morning Trading
AP (Fri 12:00am)

Kia Motors 1Q Profit Plummets 80 Percent
AP (Fri 12:18am)

Yen Is Little Changed as Report Shows Japan's March Consumer Prices Rose
April 28 (Bloomberg) -- The yen was little changed against the dollar after a government report showed consumer prices rose for a fifth month in March and industrial production gained for the first time this year. An end to deflation may give the Bank of
Bloomberg

Philip Morris USA Ups Altria Profit Margin
AP (Thu 5:38pm)

U.S.-Canada Lumber Deal Upsets Lawmakers
AP (Thu 7:28pm)

China Hikes Rates to Slow Economy
AP (Thu 8:29pm)

Japanese Stocks Edge Lower
AP (Thu 8:57pm)

Dollar Damaged as Bernanke Changes Tone
Forex

China lifts lending rate to cut loans surge
China moved to tackle a surge in new bank loans and investment by lifting the benchmark one-year lending rate by 0.27 per cent, sparking a sell-off by investors worried that the rise signalled a slowdown in the Chinese economy.
Financial Times

Fed hint on rate pause pushes dollar down
The dollar fell to seven-month lows against the euro after Ben Bernanke, chairman of the Federal Reserve, prepared the markets for a halt in the US rate-tightening cycle that began in June 2004.
Financial Times

Bernanke stays more relaxed than markets
Ben Bernanke’s testimony to Congress suggests that while the markets may have reacted strongly to recent data suggesting the economy is still expanding rapidly, which raises the risk of higher inflation, the Fed is taking a more relaxed view.
Financial Times

Tomorrow's Economic Releases: Japanese Data Blankets Schedule
Daily FX (Thu 4:12pm)

3 Drugmakers Report Gains in 1Q Earnings
AP (Thu 5:24pm)

China surprises markets with rate rise
China moved to tackle a surge in new bank loans and investment by lifting the benchmark one-year lending rate by 0.27 per cent, sparking a sell-off by investors worried that the rise signalled a slowdown in the Chinese economy.
Financial Times

US growth to moderate later in year, says Bernanke
US economic growth will moderate later this year towards a “more sustainable pace�, Ben Bernanke, Fed chairman, told Congress. He also hinted the Fed would soon pause in its series of interest rate rises.
Financial Times

Bernanke comments weaken dollar
News from central banks of China and the US battled for ascendancy in the currency market, and it was Washington that ultimately had the most effect on the world’s largest market.
Financial Times

Dollar Weakens After Fed's Bernanke Says Central Bank May Pause on Raises
April 27 (Bloomberg) -- The dollar fell to a three-month low against the yen and dropped a fifth day versus the euro after Federal Reserve Chairman Ben S. Bernanke said the central bank may pause in its interest-rate increases. Traders dumped the dollar a
Bloomberg

China Rate Hike Aims to Slow Economy
AP (Thu 11:58am)

Euro Hits Highest Level in Seven Months
AP (Thu 12:11pm)

Stocks rise as Bernanke says Fed may pause
Reuters (Thu 12:45pm)

GlaxoSmithKline 1Q Net Profit Up 25 Pct.
AP (Thu 12:47pm)

Euro Above $1.25
AP (Thu 1:16pm)

China surprises markets and raises interest rates
China moved to tackle a surge in new bank loans and investment by lifting the benchmark one-year lending rate by 0.27 per cent, sparking a sell-off by investors worried that the rise signalled a slowdown in the Chinese economy.
Financial Times

Yen gains on surprise China rate rise
The yen rallied after China unexpectedly raised interest rates for the first time in 18 months, while the Australian and New Zealand dollars fell on the news.
Financial Times

Dollar Strengthens as Watanabe Says Markets Misinterpreted G-7 Comments
April 27 (Bloomberg) -- The dollar strengthened after Japan's top currency official said investors misinterpreted the Group of Seven nations' call last week for Asian countries to allow their currencies to strengthen. The statement ``didn't say that a
Bloomberg

Bowater Slips to 1Q Loss
AP (Thu 7:40am)

British Pound Crosses Fight Back
Daily FX (Thu 9:09am)

Stocks set to fall after Exxon, China news
Reuters (Thu 9:21am)

Jackpot: Harrah's 1Q Income Jumps 75 Pct.
AP (Thu 9:26am)

Stocks Down Ahead of Fed Testimony
AP (Thu 9:33am)

Will Bernanke Finally Caution?
Forex

Dollar Snaps Four-Day Drop Against Euro Before Testimony by Fed's Bernanke
April 27 (Bloomberg) -- The dollar snapped a four-day drop against the euro on speculation Federal Reserve Chairman Ben S. Bernanke may signal two more interest-rate increases this year. The U.S. currency slid to a seven-month low this week after stronger
Bloomberg

Dollar Down vs. Yen on Global Imbalances
AP (Thu 4:48am)

M'bishi Motors OP beats expectations, targets kept
Reuters (Thu 4:56am)

Euro Eases Back From New 7-Month High
AP (Thu 4:59am)

Canon's 1Q Profit Hits $942M Record High
AP (Thu 5:27am)