Euro Rises to Record Versus Yen as Group of Seven Refrains From Criticism

(Bloomberg) -- The euro rose to a record against the yen after the Group of Seven industrial nations refrained from saying Japan's currency is too weak.

The 13-nation currency climbed to the highest since January 2005 against the dollar after European officials said its advance isn't holding back the region's economy. The G-7 said in its April 13 statement that global trade imbalances are narrowing and stopped short of expressing concern on a particular currency.


Read more at Bloomberg Currencies News

Celesio, Continental, DaimlerChrysler, Kloeckner, Siemens: German Preview

(Bloomberg) -- The following stocks may rise or fall in German markets today. Stock symbols are in parentheses after the company names and prices are from the April 13 close.

The DAX advanced 1 percent to 7212.07 on the Xetra electronic-trading system on April 13.


Read more at Bloomberg Stocks News

Adobe, Google, Kraft, Office Depot and USEC May Move: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges on April 16. This preview includes news that broke after exchanges closed. Stock symbols are in parentheses after company names.

Adobe Systems Inc. (ADBE US): The software maker's shares may climb above $50 within a year as more people use broadband Internet connections and mobile devices, Barron's said, citing Jeffrey Hammond of Forrester Research. The stock fell 76 cents to $41.64 in regular trading.


Read more at Bloomberg Stocks News

Canada's 2007 GDP may expand more than 2.3 pct-min

(Reuters) - "The view is that economic growth in Canada is accelerating ," he added.




Read more at Reuters.com Economic News

Saudi Shares Fall for a Fifth Trading Session; Kuwait Gains: Arab Stocks

(Bloomberg) -- Saudi Arabia's benchmark stock index fell for a fifth consecutive trading session. Shares in Kuwait advanced.

Saudi Arabia's Tadawul All Share Index slipped 0.7 percent to 7732.51 at 11:55 a.m. in Riyadh as 50 stocks fell, 24 gained and 14 were unchanged. The index has lost 2.6 percent this year after plunging 53 percent last year.


Read more at Bloomberg Stocks News

IMF changes tune on dire global imbalance threat

(Reuters) - A year after warning that cash-rich countries like China and the oil exporters could dump dollars and destabilize the global economy, the International Monetary Fund has a much happier message -- "progress."

IMF economists were patting themselves on the back for raising the alarm last April and encouraging big lending countries and borrowers, such as the United States, to work together to address concerns about global imbalances.


Read more at Reuters Africa

RBS-led consortium eyes break-up bid for ABN

(Reuters) - A consortium of Royal Bank of Scotland Plc, Belgian-Dutch group Fortis and Spain's Santander invited Dutch bank ABN AMRO to start takeover talks, the banks said on Friday, challenging current suitor Barclays.

ABN, facing investor calls to consider a sale or break-up, has been in exclusive talks with Britain's Barclays Plc since last month to strike the biggest-ever bank takeover, but a 30-day exclusivity period expires next week.


Read more at Reuters Africa