GRAPHIC-With falling lira/dollar exchange rate, Turkey has the worst of both worlds LONDON, April 24- The Turkish lira's fall to record lows has ramped up the cost of repaying predominantly dollar-denominated external debt while failing to deliver any boost to exports, which remain focused on Europe with its weak currency. But in Turkey, the currency's plunge may instead be raising financial stability risks, because so far it has not seen any...
| By: Sujata Rao and Vincent Flasseur
UPDATE 1-3D Systems' estimates disappoint as weaker euro, yen hit clients April 24- 3 D printer maker 3 D Systems Corp estimated first-quarter revenue and profit well below analysts' expectations, saying a weaker euro and yen and the aftermath of lower oil prices had forced some of its clients to curb orders. Shares of 3 D Systems fell as much as 10.5 percent in morning trading on Friday. The company estimated adjusted earnings of 2- 4 cents...
FOREX-Dollar slips after weak business spending figures *Euro trims gains as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar, however, after euro...
| By: Michael Connor
WRAPUP 1-U.S. business investment plans fall for seventh straight month WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to strongly rebound from the first quarter's soft patch. The dour report from the Commerce Department on Friday came on the heels of lukewarm data on retail...
| By: Lucia Mutikani
Wall Street eyes data, Greece meeting U.S. stock index futures indicated a higher open on Friday, as investors cheered a record Nasdaq close spurred by positive earnings.
| By: Jenny Cosgrave
FOREX-Euro dips from two-week highs as optimism about Greece ebbs *Euro retreats as little breakthrough made on Greece. LONDON, April 24- The euro retreated from a two-week high against the dollar on Friday as lingering hopes that cash-strapped Greece was making progress toward securing fresh funding were dashed. Jeroen Dijsselbloem, the chairman of the euro zone finance ministers, said Greece still needs to deliver a list of...
| By: Anirban Nag
EXCLUSIVE--China plans greater yuan convertibility inside and outside FTZs BEIJING, April 24- China plans to take a giant step towards making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later this year. Under the pilot scheme, firms in the Shanghai free trade zone can move the yuan and other foreign...
| By: Zheng Li and Koh Gui Qing
Are US earnings unimpressive? Jeff Carbone, founder & senior partner at Cornerstone Financial Partners, says that U.S. earnings has been fairly mixed and overall quite unimpressive.