3-mth euro Libor biggest fall in 6-mnths after ECB tender

The interbank cost of borrowingthree-month euros fell by the most since Jan. 26 to mark a fresh record low on Thursday, according to the latest daily fixing from the British Bankers' Association, a day after the European Central Bank's huge liquidity boost.


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Swiss franc shaky, dollar steadies after Fed

The euro and the dollar rose against the Swiss franc on Thursday as traders remained jittery about possible intervention by the Swiss National Bank to weaken its domestic currency.


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UBS, Reliance Capital, SocGen, Novo Growth Equity

The following financial services industry appointments were announced on Thursday. To inform us of other job changes


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AEP sees Texas Pirkey coal unit back soon

American Electric Power Co Inc (AEP.N) planned to restart the 675-megawatt Pirkey coal-fired power station in Texas on June 25-28 after repairing a transformer, the company told Texas regulators in a report.


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Land rights tricky issue as Albania poll nears

The fact thousands like him have no clarity about who owns what land is a legacy of the longest-lasting Stalinist regime in Europe. It's also a major campaign topic as Albania, an emerging democracy that aspires to join the European Union, heads to the polls at the end of this month.


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C$ falls as global equities weaken

The Canadian dollar dropped versus the U.S. dollar on Thursday morning, pressured in part by weakness in global equities and lingering caution from the U.S. Federal Reserve announcement in the previous session.

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China's NDRC against Tengzhong bid for Hummer-radio

The planner, the National Development and Reform Commission (NDRC), is worried that Sichuan Tengzhong Heavy Industrial Machinery, which makes special-use vehicles and highway components, does not have the experience and resources to run the Hummer business, the report said.

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CANADA FINANCE-For Manulife, the acquisitive spirit is willing

In Vietnam's Ho Chi Minh City there is a tower emblazoned with the green logo of Manulife Financial, Canada's top life insurer.
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UPDATE 2-AIG to spin off two units, cut government debt

NEW YORK, June 25 (Reuters) - American International Group Inc (AIG.N), which received $180 billion of taxpayer bailouts, said it will give the government stakes in two big life insurance units that it plans to spin off.
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Erste wants to delay BCR listing to 2010-11 -AVAS

Austrian Erste Bank (ERST.VI) ERST.BX wants to postpone listing its Romanian unit BCR, the Black Sea country's biggest bank, to 2010-2011, Romania's privatisation agency AVAS said on Thursday.

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French Economic Contraction Eases Further In June

France's economic contraction moderated for a fourth consecutive month in June as a smaller decline in manufacturing activity outweighed a sharper-than-expected contraction in services, data showed Tuesday.
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DATA SNAP: French Jun Business Sentiment 75 Vs 73 In May

French business sentiment improved in June, as business leaders were slightly more optimistic about both past and future production, data showed Tuesday.
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USD/JPY: Dollar drops to 95.10 support

The Dollar has weakened further during Monday's Asian session and, decline from 97.20 Friday's high has extended to levels below 95.00, as the Dollar reached 94.99 low to bounce to 95.30 at the moment of trading.
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UPDATE: French May Consumer Spending Falls More Than Expected

French consumer spending on manufactured goods fell more than forecast in May, data showed Tuesday, indicating that the main growth engine of the euro zone's second-largest economy may be running out of steam.
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The ECB aims to keep medium-term inflationary expectations just below 2%

European Central Bank President Jean-Claude Trichet said Monday that the ECB will maintain healthy medium-term inflationary expectations despite the current strong fall in consumer prices in the deepening economic recession.
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EU Almunia:Govts Should Start Plans To Unwind Fiscal Stimulus

Governments should start planning to unwind their economic stimulus packages, European Commissioner for Economic and Monetary Affairs Joaquin Almunia said Monday, according to a press release from the Organization for Economic Cooperation and Development.
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Foreign investors biught $9.05B in canadian securities; USD/CAD, at 1-month high

Foreign investors have bought a net C$ 9.05 billion worth of Canadian securities in April, up from C$ 7.192 billion in March, the largest investment in Canadian securities of the latest three months.
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UPDATE: Sweden Sees Economic Stabilization Signs

Swedish companies see stabilization signs but register considerable anxiety about potential economic setbacks, a Swedish central bank survey showed Monday.
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ECB Trichet:Will Maintain CPI Expectations Despite Price Fall

European Central Bank President Jean-Claude Trichet said Monday that the ECB will maintain healthy medium-term inflationary expectations despite the current strong fall in consumer prices in the deepening economic recession.
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Brazil Real Closes Weaker As Commodity Currencies Slip

After a strong start, the Brazilian real settled weaker against the U.S. dollar Friday when it became apparent that oil prices wouldn't hold above $70 a barrel.
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