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Pfizer's profit doubles on lower costs, favorable exchange rate

Pfizer, the world’s largest drugmaker, reported that its second-quarter profit more than doubled, due largely to a favorable currency exchange rate and lower costs.

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Spending drop hits pound

Sterling lost ground on Thursday after a sharp fall in UK consumer spending heightened fears that the country was headed into a recession.

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US home owners cut back refinancing

The rise in US mortgage rates has prompted a sharp decline in the number of refinancings according to data from the Mortgage Bankers Association

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Hawkish Bank minutes boost sterling

Sterling advanced on Wednesday after the minutes of the Bank of England's monetary policy committee meeting revealed a three-way split on interest rates.

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Dollar hit by corporate gloom

The dollar remained mired close to recent lows after warning from US corporates re-ignited fears that earnings gloom was not limited to the financial sector

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Merck reports higher earnings, helped by weak US dollar

BOSTON (MarketWatch) -- Merck & Co. reported higher second-quarter earnings late Monday, with a favorable foreign currency rate contributing about 5% to sales. For the quarter ended June 30, Merck posted net income of $1.77 billion, or 82 cents a share, compared with $1.68 billion, or 77 cents a share, for the same quarter last year. Excluding various items, Merck would have reported adjusted earnings...

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British Penny Actually Worth More Than One Dollar

Trans Atlantic currency investors are snapping up British pennies and reselling them for $1.02 (51 pence) by the millions - leading to a shortage of pennies in the UK - and making a mockery of currency exchange rates.

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Dollar eases as oil rebounds

The dollar eased as a rebound in oil prices and worries about the health of the US financial system weighed on the currency

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Dollar drifts as caution returns

The dollar drifted on Friday as traders digested results from Citigroup and waited for Wall Street's reaction to those numbers and a $9bn writedown from Merrill Lynch

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UPDATE 3-Sandvik stock hit as Q2 earnings, orders fall short

STOCKHOLM, July 18 (Reuters) - Swedish engineering firm Sandvik missed expectations for quarterly pretax earnings and order bookings citing lower nickel prices and unfavourable currency rates, sending its shares down sharply.

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Dcurrency 0.2.8

Dcurrency - Firefox add-on that displays the currency exchange rate in your statusbar.

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New York construction boosts US housing

New US housing starts rose an unexpected 9.1 per cent in June, but economists cautioned against interpreting the jump as evidence of a bottoming of the US residential property market

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Dollar slips on reserves fears

The dollar softened on Thursday after a strong showing in the previous session, pushed on to the back foot by news sovereign wealth funds were cutting their dollar holdings

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The Short View: On sterling

John Authers says the sterling likely to come down against the dollar as overnight rates pricing cuts

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Apple Nixes iTunes U.K. Price Cuts, Citing New Exchange Rates

London - Apple (NASD: AAPL) will not reduce the cost of music downloads at its U.K. iTunes Store, as it has said it would do in January, to bring parity to the cost of downloads between the U.K. store and other iTunes Stores in Europe, Billboard reports. Currency exchange rates have since fluctuated to the point that the cost of music on iTunes is now essentially the same in the U.K. as it is in the...