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The euro retreated from a record high versus the dollar on Wednesday after a fall in manufacturing activity suggested that euro zone is starting to feel the pinch of a global slowdown and a strong currency.

Investors also sold the euro after a European Central Bank official toned down his hawkish comments, cooling speculation that the ECB’s next move on interest rates may be a rise, rather than a cut.

The RBC/NTC Eurozone Purchasing Managers Index for manufacturing dropped to 50.8 in April, its lowest in nearly three years. German manufacturing activity also fell, although both German and euro zone readings for the service economy rose. [ID:nL23902285]

“Manufacturing has dropped quite a bit and that has been the driver of growth in Germany … the euro is off a touch on it,” said David Pais, currency strategist at Citigroup. Read more

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The Stock Exchange appears to have taken a step back on its battle with listed finance companies to make certain information public.

Last Friday NZX asked all its listed finance companies, or listed companies with significant finance arms, to provide “material” information about the state of their finances.

It wanted monthly updates on several matters including: the reinvestment rate of investors for the month to date; the debt being serviced for the month to date; the anticipated income for the following month. Read more

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The micro, small and medium enterprises (MSME) sector in the country will be increasingly looking at non-traditional sources for financing needs, a business outlook survey conducted by Confederation of Indian Industry (CII) revealed Read more

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Bajaj Allianz Life Insurance is the second largest private life insurer in India. At the helm of Bajaj Allianz is Kamesh Goyal, regional CEO for Allianz Middle-East, North Africa and South Asia Region and CEO Bajaj Allianz Life Insurance. In an interface with ET, Mr Goyal speaks of his strategy for this high growth market. Read more

There are signs that European banks are not in the clear quite yet, and if anything, have been less than forthcoming about their problems. As the Euro struggles to break 1.60, traders are wondering what could cause the next big move in the currency. If European banks are forced to reveal larger than expected losses, we could see a major reversal. Read more

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New figures from Access Economics show Tasmania’s economy is in a strong position, and business confidence is growing.

However Tasmania’s Chamber of Commerce and Industry (TCCI) is not convinced it is all good news. Read more

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If you’re looking for a credit card company that offers a wide variety of services and premier cards, get your answers on online credit applications. If you have bad credit, then you are probably wondering what kind of credit card you can and should get. Credit cards are some of the most popular, as to fit every personality.

Among credit cards there have ones for travelers which offer travel rewards and auto and gas rebates as well as cards for shoppers which reward the shopper with discounts at their favorite stores. The wide variety of Chase rewards cards let’s you decide how you’ll be rewarded including cash back, points and even cards that support specific charitable organizations.

In addition to the credit cards with rewards, some company offers cards for more specific needs. Students can appreciate the credit cards specifically designed for them with special student benefits and the option of having your school’s name on your card. Some company also offers credit cards specifically for school alumni, with school designs and colors as well as a way to benefit your former school with the use of your card.

Credit cards can be great for keeping your business in order; fleet credit cards are a tool you should use. Whether you want a card for your business or a card with great personal rewards, considering filling out an application for credit card. You can apply online, or by mail. When you apply for a credit card you’re getting a card that fits your needs perfectly. Get your credit card Now!!

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Wellington lawyer and National Party candidate Stephen Franks says the coverage of the Electoral Finance Act is so wide it may unwittingly capture the play The Hollow Men.

Mr Franks has raised the issue of the play, being staged at Auckland’s Maidment Theatre, with the Electoral Commission, seeking an interpretation of whether it fits the Act’s definition of election advertising. Read more

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Steep dividend cuts and losses in their company’s home- and consumer-lending divisions didn’t seem to faze CIT Group’s investors, who were happy to bid up the stock on hopes for a future focused on the firm’s commercial finance business. Read more

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CMS Forex announced the release of its Java based platform, VT Mobile Trader. This revolutionary application features comprehensive trading on cellular phones as well as other handheld devices. “VT Mobile gives our clients the same platform quality and advanced charting and technical analysis tools of VT Trader, but with the freedom to trade nearly anywhere at any time and with data updated in real time,” said Eugene Hawkin, COO of Capital Market Services, LLC. Read more