Dollar hits one-month high as periphery woes weigh on Europe

LONDON - Greece's financial crisis and signs of growing opposition to austerity in Spain sent the euro to its lowest level in a month on Tuesday, while shares and commodities took a knock as the dollar powered higher.

Recent Business News

Buffett-backed Chinese automaker BYD plans up to $1.9 billion placement: IFR

HONG KONG - Chinese automaker BYD Co Ltd , backed by Warren Buffett's Berkshire Hathaway Inc , plans to raise up to $1.9 billion in a share offering in mainland China, IFR reported on Tuesday, citing a source familiar with the plans.

3:15am EDT

Oil drops to $65 on U.S. shale outlook, dollar

LONDON - Oil fell to around $65 a barrel on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar.

5:05am EDT

Skype summoned to Belgian court over failure to share call data

BRUSSELS - Online communication service Skype has been summoned to appear in court in Belgium after refusing to pass on customer data to aid a criminal investigation, a court spokesman said.

4:29am EDT

AstraZeneca hit after psoriasis drug linked to suicide fears

LONDON - AstraZeneca's hopes of topping $45 billion in revenue by 2023 have been dealt a blow by a problem with an experimental psoriasis drug that the drugmaker had viewed as a potential billion-dollar plus seller.

4:31am EDT

British-based banks planning for EU 'no' stymied by lack of European office space

LONDON - A shortage of prime office space in rival European financial centers may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership.

3:11am EDT


  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary