News

Chinese export news spurs rise in emerging-market assets

News that Chinese exports rose more than expected in May sent emerging-market equities and currencies higher Wednesday, though the moves may not be motivated by rationality. Read more »

WNS exec suggests forex volatility will impact revenue

An executive at outsourcing firm WNS said Wednesday that recent currency swings would impact his company's profitability in the near future. Read more »

McDonald's expects to take full-year charge from currency effects

Fast-food chain McDonald's said Tuesday that it anticipates that the falling euro will negatively impact its income for the full year, just a day after rival Burger King revealed that it, too, was expecting a loss on currency swings. Read more »

Burger King expects charge from currency swings

Fast-food giant Burger King expects to take a charge in the current quarter as a result of the strengthening dollar, Monday reports indicate. Read more »

Britain's pound rises as PM announces massive spending cuts

The British pound posted gains against the euro Monday, even as Prime Minister David Cameron announced that massive spending reductions would be forthcoming. Read more »