Tokyo Mitsubishi ‘interested in buying’ Lehman Brothers
Seems the Korean Bank of Development is not the only suitor for Lehman Brothers. Tokyo Mitsubishi Bank has entered the bidding to acquire the American Investment Bank. Other bidders include HSBC, three Hedge Funds and an unnamed Chinese Bank.
Aussie Dollar Falls Against US Dollar
Unwinding of carry trades force down the Aussie dollar.
Greenback Climbs to Nine-Month High Against Euro
U.S. Factory Orders in July beat expectations and helped the dollar add to earlier gains on the euro.
Pound Continues to Fall
The pound had another losing day on Wednesday as it continues to give up ground to the dollar.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012