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Agence France-PresseMay 3, 2013 21:45

International ratings agency Standard and Poor's has lowered its long- and short-term local currency sovereign credit ratings for Israel , while maintaining its foreign currency rating and predicting a stable outlook. The local currency rating slipped from AA-/A-1+ to A+/A-1, while the foreign currency ratings remain at A+/A-1, S&P said on Thursday. S&P's said that it based its assessment on "recent fiscal slippage... exchange-rate pressures and a rising housing market."

Dollar slips despite strong US jobs report

Agence France-PresseMay 3, 2013 18:00

The dollar fell against the euro Friday despite a strong US April jobs report that otherwise sent stock markets and oil prices soaring. Analysts said that an increased interest in risk assets in Europe were to blame in part for the sharp reversal of the greenback's gains that followed the release of the employment sector data.

Stock markets climb higher after surprising US jobs numbers, Dow touches 15,000

The Canadian PressMay 3, 2013 10:18

TORONTO - North American stock markets moved higher Friday after a surprise improvement in the U.S. jobless rate helped the Dow Jones industrials break through 15,000 for the first time. Toronto's S The gains came after the U.S. Labour Department said employers added 165,000 jobs in April, while both February and March numbers were also better than first thought. The combination trimmed the U.S. unemployment rate to a four-year low of 7.5 per cent.

Loonie moves higher as US jobless numbers come in above expectations

The Canadian PressMay 3, 2013 10:00

TORONTO - The Canadian dollar gained some ground Friday after the U.S. jobless rate came in better than expected. The loonie ended the session ahead 0.05 of a cent at 99.23 cents US. The U.S. Labor Department said employers added 165,000 jobs in April, while both February and March numbers were also better than first thought. The gains trimmed the U.S. unemployment rate to a four-year low of 7.5 per cent, but also ran against some less enthusiastic economic signs.

Asian shares rise after ECB rate cut

Agence France-PresseMay 3, 2013 04:45

Asian markets mostly rose on Friday, aided by a European Central Bank interest rate cut aimed at stimulating growth in the sluggish eurozone and a positive US jobless claims report. Seoul closed 0.43 percent, or 8.50 points, higher at 1,965.71, Shanghai ended up 1.44 percent, or 31.38 points, at 2,205.50 and Hong Kong rose 0.10 percent, or 21.66 points, to 22,689.96. Sydney ended flat, losing 0.5 points, at 5,129.5 while Tokyo was closed for a public holiday.

Asian shares rise after ECB rate cut

Agence France-PresseMay 3, 2013 04:15

Asian markets mostly rose on Friday, aided by a European Central Bank interest rate cut aimed at stimulating growth in the sluggish eurozone and a positive US jobless claims report. Seoul closed 0.43 percent, or 8.50 points, higher at 1,965.71 while Sydney ended flat, losing 0.5 points, at 5,129.5. In afternoon trade Shanghai jumped 1.41 percent and Hong Kong gained 0.21 percent. Tokyo was closed for a public holiday.

Euro gains in Asian trade after ECB rate cut

Agence France-PresseMay 3, 2013 02:31

The euro gained in Asian trade Friday after the European Central Bank (ECB) slashed interest rates to a record low in a bid to spur economic growth in the debt-stricken eurozone. The euro recovered from initial losses and was trading at $1.3073 in afternoon Asian hours from $1.3063 in New York late Thursday. The single currency was also buying 128.12 yen from 127.93 yen. The dollar was up to 98.01 yen from 97.93 yen. Trading was light, with Japanese markets closed for a holiday.

World stock markets mixed ahead of US government unemployment report for April

The Canadian PressMay 3, 2013 01:45

BANGKOK - World stock markets were mixed Friday as investors held back ahead of the release of the U.S. government's monthly unemployment report. European stock markets were largely flat before the U.S. Labor Department's release of nonfarm payrolls for April. Britain's FTSE 100 rose marginally to 6,464.54. Germany's DAX rose 0.1 per cent to 7,970.94. France's CAC-40 slipped less than 0.1 per cent to 3,857.51. Wall Street futures fell slightly. Dow Jones industrial futures dropped less than 0.1 per cent to 14,749 and S

Euro gains in Asian trade after ECB rate cut

Agence France-PresseMay 3, 2013 00:00

The euro gained in Asian trade Friday after the European Central Bank (ECB) slashed interest rates to a record low in a bid to spur economic growth in the debt-stricken eurozone. The euro recovered from initial losses and was trading at $1.3074 in mid-morning Asian hours from $1.3063 in New York late Thursday. The single currency was also buying 128.10 yen from 127.93 yen. The dollar was up to 97.99 yen from 97.93 yen. Trading was light, with Japanese markets closed for a holiday.

Toronto stock market advances amid string of positive earnings reports

The Canadian PressMay 2, 2013 09:01

TORONTO - Strong earnings reports helped push the Toronto stock market higher Thursday afternoon. The S The Canadian dollar was off 0.01 of a cent to 99.19 cents US. Earnings reports and positive employment news helped push New York markets higher after they also lost ground on Wednesday. The Dow Jones industrial average rose 117.49 points to 14,818.44, the Nasdaq was ahead 43.42 points at 3,342.55 and the S There was some positive employment news a day before the U.S. government releases its employment report for April.