Euro hits 4 month low vs. dollar

The euro slumped to a four-month low against the dollar on Friday and looked set for more weakness if U.S. payrolls data meets recently raised forecasts, strengthening the case for a sustainable

German exports rise in November

– Trade surplus narrows to 11.8 bln euros  Germany's trade balance narrowed in November, with imports gaining speed in a sign that domestic growth is gathering importance in Europe's largest economy. Exports, the

UK retailers say snow hit Christmas sales

Two of Britain's biggest listed retailers reported a drop in sales in the run-up to Christmas as snow and sub-zero temperatures deterred shoppers already worried about rising taxes, public spending cuts and

Oil falls below $89 on dollar strength

Oil prices fell further from 27-month highs on Wednesday as a stronger dollar sapped investor risk appetite for commodities, despite signs of tighter oil supply fundamentals. Oil staged a sharp rally in

Too much domestic football, says Blatter

FIFA president Sepp Blatter has said there is too much domestic football, potentially putting himself on a collision course with European clubs who last year complained about the international fixture list. Blatter

China to let yuan rise 5 pct in 2011

China will let the yuan rise about 5 percent against the dollar in 2011 to combat inflation, an official newspaper said on Wednesday, while a former central bank adviser said the country

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