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Jun 15, 2015

Currency costs rise to $29 billion in first quarter for North American companies

By Sinead Carew

(Reuters) – The cost of currency fluctuations for North American companies rose to $28.94 billion in revenues in the first quarter as the U.S. dollar soared, according to a report from currency risk consulting firm FireApps.

Foreign exchange swings cost $31.7 billion for European and North American companies combined, as European companies were also hurt by volatility in other currencies.

Jun 15, 2015

Currency costs rise to $29 bln in Q1 for N.American companies

June 15 (Reuters) – The cost of currency fluctuations for
North American companies rose to $28.94 billion in revenues in
the first quarter as the U.S. dollar soared, according to a
report from currency risk consulting firm FireApps.

Foreign exchange swings cost $31.7 billion for European and
North American companies combined, as European companies were
also hurt by volatility in other currencies.

Jun 12, 2015

Shares drop on Greece uncertainty, rate hike anticipation

NEW YORK, June 12 (Reuters) – A setback in Greek debt talks
pushed U.S. and European shares lower on Friday, along with
investor views that positive U.S. data may accelerate the timing
for a hike in interest rates.

Oil prices fell on concerns production may rise further.

The International Monetary Fund delegation left Greek debt
negotiations on Friday because of “major differences” with
Athens on the same day that EU officials held their first formal
talks on the possibility of Greece defaulting.

Jun 12, 2015

Global shares fall on Greek woes, output worry hurts oil

NEW YORK (Reuters) – A setback in Greek debt talks weighed down U.S. and European shares Friday, with some investors also holding off bets ahead of a U.S. Federal Reserve policy meeting next week, while oil prices fell on concerns production may rise further.

The International Monetary Fund raised the stakes in Greece’s stalled debt talks Thursday, as its delegation left negotiations in Brussels because of “major differences” with Athens.

Jun 12, 2015

Shares fall on Greek woes, output worry hurts oil

NEW YORK, June 12 (Reuters) – A setback in Greek debt talks
weighed down U.S. and European shares Friday, with some
investors also holding off bets ahead of a U.S. Federal Reserve
policy meeting next week, while oil prices fell on concerns
production may rise further.

The International Monetary Fund raised the stakes in
Greece’s stalled debt talks Thursday, as its delegation left
negotiations in Brussels because of “major differences” with
Athens.

Jun 12, 2015

Healthcare investors see no threat from Supreme Court

NEW YORK (Reuters) – Investors are betting that the healthcare sector’s strong run will not be held back for long even if the U.S. Supreme Court rules against the Affordable Care Act.

The court will meet next on Monday, though may not issue a ruling on King v. Burwell, a challenge to President Barack Obama’s signature healthcare reform legislation, until later this month.

Jun 12, 2015

Wall St Week Ahead-Healthcare investors see no threat from U.S. Supreme Court

NEW YORK, June 12 (Reuters) – Investors are betting that the
healthcare sector’s strong run will not be held back for long
even if the U.S. Supreme Court rules against the Affordable Care
Act.

The court will meet next on Monday, though may not issue a
ruling on King v. Burwell, a challenge to President Barack
Obama’s signature healthcare reform legislation, until later
this month.

Jun 10, 2015

Stocks halt selloff, Treasury yields spike

NEW YORK, June 10 (Reuters) – U.S. shares rebounded sharply
on Wednesday in the S&P’s 500′s best day in more than a month,
while longer-dated U.S. Treasury yields rose to their highest in
more than seven months, tracking a selloff in German Bunds.

Oil prices rallied for a second day, helping U.S. equities
along with hopes for strong U.S. data and progress on Greece’s
debt crisis.

Jun 10, 2015

Global stock markets halt selloff; Greece hopes lift Wall Street

NEW YORK (Reuters) – U.S. and European shares rebounded after several down days on Wednesday on hopes for progress around an expected meeting between Greek, German and French leaders on Greece’s debt crisis, while oil rose for a second day.

The dollar fell against the yen and the euro and U.S. Treasury yields tracked German Bund yields higher, also helping to drive U.S. equities up.

Jun 10, 2015

Stock markets halt selloff; Greece hopes lift Wall St.

NEW YORK (Reuters) – U.S. and European shares rebounded after several down days on Wednesday, with Wall Street surging on a report that Germany may be satisfied with Greece committing to at least one economic reform in return for aid.

The German government may settle for a clear commitment by Greece to a measure upfront to unlock aid, Bloomberg reported, citing two people familiar with Germany’s position.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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