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Abercrombie's decline in sales pummels its stock price
In a dour end to Abercrombie & Fitch Co.'s difficult week, the teen retailer watched its stock slide by the largest margin in months after it reported a double-digit sales decline. The company's same-store sales in the U.S. plunged 17% in the first...
Tags: Quarterly or Semiannual Financial Statements, Inventories
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Billionaire investor apologizes for saying women traders inferior
Reuters(Reuters) - Billionaire investor Paul Tudor Jones, who riled both Wall Street and Main Street when he said that women will never quite rival men in investing or trading, apologized on Friday, noting that he has encouraged his daughters to pursue careers...Tags: Finance, The Washington Post, Economy, Business and Finance
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CANADA FX DEBT-C$ in retreat as Fed stimulus concerns drag
Reuters* C$ at C$1.0321 vs US$, or 96.89 U.S. cents * Equity, currency markets volatile on Fed stimulus concerns * Oil prices end week 2 percent lower * Bank of Canada and GDP in focus next week By Solarina Ho TORONTO, May 24 (Reuters) - The Canadian dollar...Tags: Foreign Exchange Market, Petroleum Industry, Energy Saving, Economy, Business and Finance, Commodity Markets
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U.S. dollar marks worst week versus yen in a year
ReutersNEW YORK (Reuters) - The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency. Some...Tags: Bank of America Corp., Bonds, U.S. Department of the Treasury, Banking, Italy
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REUTERS SUMMIT-Latam markets jolt from a Fed exit should be brief
ReutersBy Daniel Bases and Krista Hughes May 24 (Reuters) - Latin America should suffer just a short, sharp shock to its financial markets when the U.S. Federal Reserve starts to taper its super easy monetary policy as investors remain convinced of the region's...Tags: Brazil, Finance, Emerging Market, Mexico, Petroleum Industry
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REUTERS SUMMIT-Rating agencies alert to Argentina debt ruling, souring economy
ReutersBy Hilary Burke May 24 (Reuters) - Argentina's dismal credit ratings might get a boost if U.S. courts rule in the country's favor in a long-running dispute with creditors over a 2002 default, but souring economic conditions could hold the ratings back,...Tags: Ratings, Bonds, Debt Market, Standard & Poor's Financial Services LLC, Crime, Law and Justice
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Wall St. bucks global slump
NEW YORK — After bracing for a steep fall, Wall Street barely shrugged at a sharp sell-off in stock markets around the globe. It all started in Asia. Weak manufacturing data out of China pointed to a slowdown in the world's second-largest economy,...
Tags: Unemployment Benefits, Central Bank, Nikkei, Stock Market, Money and Monetary Policy
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GLOBAL MARKETS-Stimulus fears haunt share markets, dollar weak
Reuters* World shares steady but liquidity fears remain * U.S. stocks set to follow European markets lower * German Ifo index seen pushing back ECB rate cut * Dollar index down 0.3 pct, yen resumes rise By Richard Hubbard LONDON, May 24 (Reuters) - World...Tags: Bonds, Foreign Exchange Market, Morgan Stanley Dean Witter & Company, Economy, Business and Finance, Market and Exchange
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ANALYSIS-Gold faces more pressure as inflation stays tame
Reuters* Gold ignores fresh easing from Japan, Australia, Euro zone * Inflation fears fail to materialise in short term * Rally in stock markets takes the shine off bullion By Jan Harvey LONDON, May 24 (Reuters) - Gold prices are looking even more vulnerable...Tags: Financial Markets, Gold and Precious Material, Foreign Exchange Market, Economy, Business and Finance, Ben Bernanke
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Analysis: Gold faces more pressure as inflation stays tame
ReutersLONDON (Reuters) - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialize. The idea that record-low interest rates would damage paper currencies...Tags: Financial Markets, Gold and Precious Material, Foreign Exchange Market, Economy, Business and Finance, Money and Monetary Policy
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Swings in Japan govt bonds could trigger sell-off
ReutersBy Helen Bartholomew LONDON, May 24 (IFR) - Extreme volatility in the Japanese government bond market could trigger a sell-off on a par with what happened throughout the third quarter of 2003, when local banks and foreign investors were forced to dump...Tags: Bonds, BNP Paribas, Central Bank, Deutsche Bank AG, Japan
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INVESTMENT FOCUS-Dollar builds steam, unnerves emerging markets
ReutersBy Mike Dolan LONDON, May 24 (Reuters) - As the dust settles on a volatile week, many strategists now sense a green light for a long-brewing multi-year rise of the U.S. dollar - with unnerving portents for emerging markets. The U.S. Federal Reserve's...Tags: Bonds, Foreign Exchange Market, Emerging Market, Goldman Sachs Group, Inc., Economy, Business and Finance
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