Polish Zloty Set for Weekly Gain as Investors' Appetite for Risk Revives

(Bloomberg) -- The Polish zloty was poised for a
weekly gain, advancing to an eight-day high against the euro as
investors regained their appetite for emerging-market assets.

Investors resumed buying stocks and higher-yielding
currencies such as the zloty, the Turkish lira and the South
African rand as concern abated that losses on U.S. subprime
mortgages would slow global economic growth.


Read more at Bloomberg Currencies News

Canada's Dollar Falls on Credit Fears Impact on Commodity Currencies

(Bloomberg) -- Canada's dollar fell for the first
time in four days as investors sold currencies tied to commodity
exports on concerns U.S. subprime credit losses will spread,
slowing the global economy.

The Canadian and New Zealand dollars were the worst
performers against the U.S. dollar and Japanese yen among the 16
most actively traded currencies today.


Read more at Bloomberg Currencies News

BA CEO expects fines provision to suffice

(Reuters) - BA set aside the provision in May and this week U.S. and UK authorities unveiled fines worth almost 270 million pounds.




Authorities in Europe, Canada, Australia, South Africa and New Zealand are also probing BA's fuel surcharges.


Read more at Reuters.com Business News

Ford aims to sell Land Rover, Jaguar by September 30: report

(Reuters) - A Ford spokesman called the report "speculation" and would not comment further.




Read more at Reuters.com Business News

Procter & Gamble profit rises

(Reuters) - Profit was $2.27 billion, or 67 cents per share, in the fiscal fourth quarter ended in June, up from $1.9 billion, or 55 cents per share, a year earlier.




The maker of Gillette razors, Tide laundry detergent and Pampers diapers said in early June it expected to earn 64 cents to 66 cents per share. Analysts, on average, expected it to earn 66 cents a share, according to Reuters Estimates.


Read more at Reuters.com Business News

Weyerhaeuser earnings tumble

(Reuters) - Excluding items, the company earned 48 cents a share in the latest quarter.




The company's shares have fallen 16.1 percent over the last three months, tracking a 12 percent drop in the Standard & Poor's Paper and Forest Products Index.


Read more at Reuters.com Business News

China's First-Half Gold Output Rises 15 Percent, Fastest Pace in a Decade

(Bloomberg) -- China, which may surpass the U.S. to
become the second-largest gold producer this year, mined 15
percent more of the precious metal in the first half as higher
prices prompted companies to boost output.

Production rose at the fastest pace in 10 years to 122.5
metric tons in the first six months, the China Gold Association
said on its Web site yesterday. Gold output in June was 23.6
tons, it said.


Read more at Bloomberg Commodities News