Simon Smith

Simon Smith News

• Platts Says Some Companies Stopped Sharing Gas-Prices

  Platts, the energy information provider owned by McGraw-Hill Cos., said that some companies have stopped providing its reporters with the natural gas pricing data it uses to compile its indexes.

• Pound Rises on Speculation BOE Will Refrain From Adding Stimulus

  The pound strengthened from a two- week low against the dollar amid speculation the Bank of England will tomorrow refrain from extending stimulus measures that tend to devalue the currency.

• Top Stories: Worldwide

  The following are the day's top general news stories:

• Pound Falls to 6-Month Low Versus Dollar Before BOE Data

  The pound fell for a second day versus the euro on speculation the Bank of England will cut its growth forecasts in its quarterly Inflation Report tomorrow, underlining the case for keeping interest rates at a record low.

• Pound Falls to Seven-Month Low as Weale Says Drop May Be Helpful

  The pound weakened to a seven-month low against the dollar after Bank of England policy maker Martin Weale endorsed the currency’s decline, saying it may help bolster exports.

• Yen Rises on Growth Concern as ECB Disappoints

  The dollar fell before a government report that economists said will show the pace of U.S. hiring failed to bring the jobless rate below 8 percent, a level it has held above for more than three years.

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  Yen Gains Against Major Peers Amid Global Slowdown Signs

  The yen strengthened after Japan cut its economic assessment, underlining the fragility of the global economy and spurring demand for the safest assets.

• 

  Hong Kong’s Central Rents to Extend Drop as Banks Cut Costs

  Hong Kong’s Central district office rental, the most expensive globally, is set to extend its biggest decline since the global credit crisis, according to the world’s two biggest realtors.

• Yen Falls Versus Euro as Aso Says G-7 Accepts Japan Policy Goal

  The yen weakened for a second day against the euro after Japanese Finance Minister Taro Aso said a statement from the Group-of-Seven nations acknowledged the country isn’t targeting exchange rates with its monetary policy.

• Euro Drops Against Dollar as ECB's Trichet Says Inflation Risks `Balanced'

  The euro fell further from a 12-week high against the dollar as European Central Bank President Jean- Claude Trichet said inflation risks are “broadly balanced,” dimming prospects for a boost in borrowing costs.

Quote

• "We are focused on the Bank of England tomorrow but they are trapped a bit by inflation remaining stubbornly high."

  - Simon Smith on Apr 03, 2013

Related Topics

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  London

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  Japan

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  New York

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  Hong Kong

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Simon Smith Videos

Audio

• FXPro’s Smith Says China Stimulus `More Likely’

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