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  • Cosmetics company Avon tops Street 2Q forecasts Thursday, 30 Jul 2015 | 7:51 AM ET

    NEW YORK— Avon's second-quarter earnings climbed 52 percent, beating consensus Wall Street forecasts as the cosmetics company got a boost from a drop in expenses and lower taxes that countered a currency exchange rate hit to sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

  • P&G's sales dip again on softer volume, exchange rates Thursday, 30 Jul 2015 | 7:36 AM ET

    CINCINNATI— Procter& Gamble's sales fell for the sixth straight quarter as the world's bigger consumer goods company was weighed down by softer sales volume and unfavorable currency exchange rates. Procter& Gamble, based in Cincinnati, has been trying to boost its results by cutting costs and shrinking its portfolio of products to concentrate on the 10...

  • Colgate-Palmolive revenue falls on currency headwinds Thursday, 30 Jul 2015 | 7:18 AM ET

    NEW YORK— Colgate-Palmolive Co. on Thursday said its second-quarter earnings fell on foreign currency exchange rates that battered sales of consumer staples in Latin America, Europe and other markets. The strong U.S. dollar has pushed up prices for goods sold overseas, which can cut into profits for U.S. companies like Colgate-Palmolive that do most of their...

  • Markets participants, however, say surging rates are likely to be short-lived as worries over yuan weakness may be overplayed and there is sufficient yuan liquidity in Hong Kong. Piling pressure on the yuan, China's State Council said on Friday it would liberalise yuan trading, among other measures, to support exports. "Following the sharp rebound in CCS, it is...

  • LONDON, July 30- The dollar rose to its highest level this week on Thursday after the U.S. In early trade in Europe, the euro was down more than a cent against the dollar compared with levels seen before the Fed made its monthly policy statement on Wednesday, falling back to around $1.0950, its lowest since last Friday. "The fact they weren't worried about anything else...

  • BEIJING, July 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $76.6 billion by July 29, from $75.54 billion at the end of June, the foreign exchange regulator said on Thursday.

  • TOKYO— Sony said quarterly profit rose threefold as foreign exchange gains and sales of image sensors and Playstation 4 software helped offset declines elsewhere. Sony blamed the loss on a fall in licensing revenues, noting last year's performance benefited from the strong performance of The Amazing Spider-Man 2 and 22 Jump Street. The higher demand for...

  • *U.S. central bank keeps door open to September rate hike. TOKYO, July 30- The dollar firmed to a near one-week high on Thursday ahead of U.S. gross domestic product data that could reinforce expectations that the Federal Reserve is on track to raise interest rates as early as September. "We're seeing some pretty good follow-through, in terms of U.S. dollar-buying,...

  • TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...

  • Euro whipsaws after Fed leaves rates unchanged Wednesday, 29 Jul 2015 | 3:45 PM ET

    The euro whipsawed against the dollar on Wednesday after the Federal Reserves said it would leave interest rates unchanged.

  • FOREX-Dollar rises as Fed's jobs view hints at rate hike Wednesday, 29 Jul 2015 | 3:35 PM ET

    NEW YORK, July 29- The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders' opinion that it would raise benchmark U.S. interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments...

  • Emerging currencies in the firing line amid Fed Wednesday, 29 Jul 2015 | 3:28 PM ET
    A man walks past a board showing currency exchange rates in Moscow, July 28, 2015.

    Emerging market currencies were eyed by investors on Wednesday as weak oil prices, China's market pain and after the Federal Reserve left its interest rates unchanged.

  • Pisani: Fed signals Sept hike still on the table Wednesday, 29 Jul 2015 | 2:43 PM ET

    The Federal Reserve upgraded its assessment of the U.S. economy.

  • Oil stocks rally after inventory data Wednesday, 29 Jul 2015 | 2:38 PM ET
    Stacked rigs are seen along with other idled oil drilling equipment in Dickinson, North Dakota, June 26, 2015.

    A large draw down in crude inventories has taken everyone by surprise.

  • *Coffee trade focused on big front-month robusta premium. NEW YORK/ LONDON, July 29- Sugar futures on ICE rallied nearly 4 percent on Wednesday, buoyed by the stronger currency in top grower Brazil and the rising premium of whites over raws, indicating physical demand. Coffee and cocoa futures were also firm as the 19- commodity Thomson Reuters CoreCommodity...

  • Greek stock market unlikely to open: Report Wednesday, 29 Jul 2015 | 11:30 AM ET
    Greek stock market unlikely to open: Report

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Greek ruling party meeting tomorrow.

  • 1st Fed hike in December 2015: Strategist Wednesday, 29 Jul 2015 | 11:20 AM ET
    1st Fed hike in December 2015: Strategist

    Daragh Maher, FX strategist at HSBC, discusses when the Federal Reserve might raise interest rates.

  • FOREX-Dollar holds steady as traders await clues from Fed Wednesday, 29 Jul 2015 | 10:24 AM ET

    NEW YORK, July 29- The dollar held steady against major currencies on Wednesday as traders awaited possible clues from the Federal Reserve on whether it will raise interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments including the European debt crisis and most recently...

  • LONDON, July 29- Sugar and arabica coffee futures rose on Wednesday, in a re-adjustment after a recovery in the Brazilian currency, while cocoa held steady in light volumes. October raw sugar was up 0.12 cent, or 1.1 percent, at 11.29 cents a lb by 1158 GMT, but remained in sight of 11.16 cents a lb, Tuesday's five-week low. "The real recovered last night and some of that was...

  • LONDON, July 29- Major currencies that are closely linked to commodities prices were back on the defensive on Wednesday as oil prices fell again and traders awaited the outcome later in the day of a U.S. But even with a more encouraging tone on China's stock markets limiting the damage, the Canadian and Australian dollar were both down by 0.2-0.3 percent in...