Sterling touches highest level in one week versus greenback

Source: Bloomberg
The British currency was within 0.1% of its highest level in seven days versus the U.S. Dollar ahead of tomorrow's retail sales report. The Sterling traded at $1.6412 as of 2:07 p.m. in London, after gaining 0.6% in the last two days. Britain's currency rose to $1.6428 earlier, the highest level since February 3. It was little changed at 83.03 pence per Euro.
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Mon, 10 Feb 2014 15:42:49 GMT

U.S. shares swing ahead of Yellen statement

U.S. shares swung, after regional benchmark Standard & Poor's 500 Index had the biggest weekly advance this year, as Fed's Chairman Janet Yellen will have her first monetary policy testimony tomorrow. The S&P 500 gained less than 0.1% to 1,797.19 as of 9:48 a.m. New York time, while the Dow Jones Industrial Average declined 0.1% to 15,785.99.

Mon, 10 Feb 2014 13:22:13 GMT

Toyota to close Australian plant by 2017

Toyota Motor Corp., the largest car maker in the world, announced that it will close its Australian plant by 2017, pointing on high costs and expensive Australian dollar. The producer has 2,500 employees in Australia. Therefore, after 2017 there will remain no car plants in the country. Today, Toyota Motor Corp. shares added 1.6% to 5,994 yen per share during

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