The dollar extended earlier gains against the British pound Wednesday and also rose against the euro, shrugging off volatile U.S. stock trading and a warning from Standard & Poor’s that it may downgrade ratings on bond insurers.
FTSE flat after China slide and U.S. data
The FTSE 100 <.FTSE> of leading shares was flat on Monday after Chinese stocks slumped 6 percent on continued worries about the hike in stock-trading tax.
Exchanges unite to combat insider trading
NEW YORK, Aug. 14 (UPI) -- A new era in the effort to stop insider stock trading began Wednesday when 10 U.S. exchanges merged their monitoring and investigative units. Click here for more infoCheuvreux Downgrades Banesto To Underperform
0859 GMT [Dow Jones] Cheuvreux cuts Banesto (BTO.MC) to underperform from outperform on valuation grounds as a recent 25% run-up leaves the stock trading at 13x '07 adjusted price/earnings.
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