Dollar gives up early gains after trade-war fears

Date: Monday, September 14, 2009

Dollar gives up early gains after trade-war fears

The U.S. dollar slides against major rivals in late morning, giving up a small
lift amid rising U.S.-China trade tensions, as the euro and yen hit technical
levels that are triggering some buying.

OBAMA SEEKS TO REKINDLE BANK REFORM

President Barack Obama delivers a speech on the financial crisis on
Monday--one year after Lehman Brothers collapsed driving the markets
into turmoil -- as part of the White House's effort to re-kindle bank
regulatory reform efforts that have petered out recently on Capitol
Hill.

BANKS DOWN AS FOCUS ON OBAMA, LEHMAN ANNIVERSARY

Financial stocks are lower to start the week as investors focus on a speech
from President Barack Obama on financial reform and prepare to mark
the one-year anniversary of Lehman Brothers filing for bankruptcy.

ANALYSTS: SPRINT MOVE SENSIBLE BUT DIFFICULT

A deal with Sprint Nextel may allow Deutsche Telekom to boost margins
at its T-Mobile U.S. unit and leapfrog rivals Verizon Wireless and
AT&T in the race to provide fourth-generation services, but different
network technologies will be a major sticking point, analysts said
Monday.

CADBURY SHARES UP ON FIERCE REJECTION OF KRAFT BID

Cadbury shares rose in a mildly higher London on Monday, with analysts
saying that its continued fierce rejection of Kraft Foods' approach
ups the likelihood of a hostile bid.