Dollar tumbles, credit woes batter stocks

The dollar tumbled below 100 yen on Thursday, underlining concerns among monetary officials about extreme currency moves, while equities sank as worry about serious stress in credit markets persisted. Oil clung close

Carlyle Capital in default

Carlyle Capital Corp (CARC.AS), an affiliate of private equity firm Carlyle Group (CYL.UL), said on Thursday it was in default on margin calls of over $400 million, and said its lenders would

Trichet says disorderly FX moves undesirable

European Central Bank President Jean-Claude Trichet said disorderly swings in currencies were undesirable, according to an interview with a French magazine. “In the present circumstances, I am concerned by excessive exchange rate

Industrial turnover up 8.8% in 2007

The industrial turnover index (comprising mining and quarrying, manufacturing, electricity, gas and water supply) reached 152.6 (base 2000=100) in December 2007, recording an increase of 14.3% compared with December 2006. For manufacturing,