Kotecha Says Euro at Fair Value Against U.S. Dollar

June 1 (Bloomberg) -- Mitul Kotecha, head of global currency strategy at Credit Agricole CIB, talks with Bloomberg's Rishaad Salamat about his forecast for the euro. Kotecha, speaking from Hong Kong, also discusses a proposal that central banks set up a permanent arrangement for foreign-currency swaps to help address the type of funding shortages that emerged during the global financial crisis, and the outlook for the won and yuan. (Source: Bloomberg)

U.S. Stocks Drop, Dow Average Ends Worst May Since 1940

May 28 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, while the euro slumped and Treasuries rose as a downgrade of Spain's debt rating and escalating tensions on the Korean peninsula triggered a flight from riskier assets. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)

BP Bring in Robots in Latest Attempt to Curb Oil Spill

May 31 (Bloomberg) -- Bloomberg's Mark Barton and Lizzie O'Leary report on BP Plc's efforts to stem the largest oil spill in U.S. history. BP will use undersea robots to begin cutting damaged pipe from its leaking oil well off Louisiana as early as today, risking temporarily increasing the flow.