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BUSINESS
By Bloomberg Business News | March 19, 1993
NEW YORK -- The dollar tumbled against most currencies yesterday, hitting a record low against the yen, as traders expressed concern about the strength of the U.S. economic recovery."
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BUSINESS
By NEW YORK TIMES NEWS SERVICE | December 6, 2005
TOKYO -- The Japanese yen fell to a 32-month low against the dollar yesterday, continuing an almost yearlong slide that helps Japanese exporters but raises pressure on U.S. producers. In Tokyo, the yen traded as low as 121.39 yen to the dollar, its weakest point since March 2003. It has fallen 16 percent this year, from a high of 101.68 yen to the dollar Jan. 17. Against the euro, the yen touched a record low of 141.98. In New York, the yen weakened further to lows of 121.40 to the dollar, recovering to settle at 120.79.
BUSINESS
April 22, 1993
Choice Hotels Canada joint ventureChoice Hotels International of Silver Spring and Journey's End Corp., Canada's largest lodging management company, said yesterday that they would combine their Canadian operations in a joint venture.The companies said they want the venture, to be named Choice Hotels Canada Inc., to have 400 properties by 1998. Journey's End will contribute 120 properties to the venture, while Choice Hotels will add 54. Choice Hotels is the worldwide franchiser of Clarion, Comfort, Econo Lodge, Friendship, Quality, Rodeway, and Sleep Inns.
BUSINESS
By Bloomberg Business News | January 13, 1995
NEW YORK -- The dollar tumbled against major currencies yesterday, suffering its biggest one-day loss against the yen in five months, as investors sought a haven from countries with large debt burdens, such as the United States, Canada and Italy.Concern that the United States is considering expanding its $9 billion credit line to Mexico to rescue it from its financial crisis also weighed on the dollar, traders said.The flight to countries with low debt started after Mexico's decision to devalue the peso Dec. 20, triggering a rout in its financial markets as foreign investors fled.
BUSINESS
By BLOOMBERG NEWS | December 21, 1999
TOKYO -- Toyota Motor Corp. said yesterday that it will spend $800 million to expand its Indiana light-truck plant and add 2,000 jobs as it boosts annual production capacity in North America 16 percent to meet soaring U.S. demand. The No. 4 automaker in the United States said it will make 1.45 million vehicles a year in North America, a 200,000-unit increase from current levels, by about 2004. Toyota said the largest output growth will be at its plant in Princeton, Ind., where it will double production to 300,000 units.
BUSINESS
By John E. Woodruff | May 15, 1994
After months of encouraging the dollar to fall against the yen, the Clinton administration approved this month when the Federal Reserve joined an international intervention to hold the line at 100 yen to the dollar. Would American businesses or the U.S. economy be affected if the dollar were worth less than 100 yen? Just how do exchange rates affect U.S. interests?Paul W. BoltzChief economist,T. Rowe Price Associates Inc.The question came to a head as the dollar approached 100 yen because that level has symbolic importance.
NEWS
By New York Times News Service | March 15, 1995
IWO JIMA, Japan -- They traded war stories, visited battle sites and stood uneasily next to men they had tried their hardest to kill.Half a century after the battle of Iwo Jima, one of the ghastliest in World War II, American and Japanese veterans returned yesterday to commemorate the struggle for an island that had once seemed so important that it had absorbed tens of thousands of lives. These days, it has no permanent residents.Even now, there are thousands of Japanese soldiers buried in the man-made caves and tunnels of Iwo Jima.
NEWS
By Eileen Ambrose and Eileen Ambrose,SUN STAFF | February 9, 2002
To understand John M. Rusnak's arcane world of currency trading, a good way to start is to think about taking a trip overseas and exchanging your dollars for, say, yen. Currency values change by the second and are influenced by a country's economy, politics, interest rates and stock market ups and downs. So if you exchange your dollars for yen Monday morning, you might receive 135 yen for every $1. But if the Japanese stock market plummets on bad economic news that day - or if the American stock market soars - you might get 137 yen for each dollar Monday night.
BUSINESS
January 18, 1991
Key world financial markets reacted yesterday and today to the attack on Israel:STOCKS: Prior to the attack on Israel, the New York Stock Exchange closed up 114.60 points yesterday to 2,623.51. This afternoon on the Tokyo exchange, which opened about the time of the attack, the Nikkei average was up 248.95 points at 23,695.76.OIL: February crude oil traded in the after-hours spot market was up $2 a barrel, U.S. traders said. Oil futures had fallen $10.56 to $21.44 a barrel in earlier trading.
BUSINESS
By Bloomberg Business News | September 3, 1993
NEW YORK -- Tough talk on interest rates from Germany's chief central banker and pessimism about the U.S. economy helped drive the dollar to a 11-week low against the German mark.Both the dollar and the mark gained against the yen, meantime, amid lingering speculation that Japan will cut interest rates to jump start its slumping economy.The dollar fell to 1.6430 marks at the close in New York, down from 1.66 marks late Wednesday and its lowest level since June 16. The dollar rose to 105.85 yen, up from 105.35 yen Wednesday.
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