Foreign Exchange News

HYUNDAI Motor, the fast-growing Korean car-maker, today announced plans to build a massive manufacturing plant in the Czech Republic in a bid to step up sales in the key European market. The group, which is part of the vast Hyundai industrial conglomerate and also owns the Kia brand, will spend around £680 million building the plant, likely to be sited in Ostrava, near the border with Poland.  ...

NEW YORK (Dow Jones) - U.S. stocks appear headed for a flat to lower opening Friday, the final day of the third quarter, after news that Hurricane Katrina slowed consumer spending last month. The future contract for the Dow Jones Industrial Average last was down 7 points at 10,570. Futures contracts for the S&P 500 and the Nasdaq 100 both were flat at 1,231 and 1,601. The futures softene ...

A chorus of comments from Federal Reserve officials this week has pushed the dollar near two-month highs against the euro and the yen. // Anthony Santomero, Philadelphia Fed president, said in the Financial Times, that post-hurricane rebuilding would help the US economy bounce back in 2006. Echoing earlier statements, he add the central bank’s challenge was to maintain price stability. See more on Santomero interview The suggestion that Fed might pause in monetary tightening to assess Katrina ...

NEW YORK (Dow Jones) -- U.S. stocks closed sharply higher Thursday, after investors overcame worries about record-high energy prices to focus on late- quarter portfolio additions. Shares of PepsiCo zoomed higher on strong earnings. The Dow Jones Industrial Average (DJI) closed up 79.69 points, or almost 0.8%, at 10,552.78, marking the fourth straight session of gains for the index. The S& ...

NEW YORK (Dow Jones) -- U.S. stocks closed sharply higher Thursday, after investors overcame worries about record high energy prices to focus on late- quarter portfolio additions. Shares of PepsiCo zoomed higher on strong earnings. The Dow Jones Industrial Average (DJI) closed up 79.69 points, or almost 0.8% , at 10,552.78, marking the fourth straight session of gains for the Dow. The S& ...

BOSTON (MarketWatch) -- A glance at the best-performing exchange-traded funds in the third quarter underscores how much energy has dominated investors' mindsets. MARKETWATCH PERSONAL FINANCE  IN INVESTING Fall may be profit-taking time in art world  IN MUTUAL FUNDS Latin America, Russia funds top third-quarter gains  IN LIFE & MONEY Sleepy resident doctors err  ...

NEW YORK (Dow Jones) - U.S. stocks were mixed early Thursday afternoon, as investors monitored mercurial energy futures prices and hesitated to make bold moves ahead of the Friday close of the third quarter. Shares of PepsiCo zoomed ahead on strong earnings. The Dow Jones Industrial Average (DJI) last was down 1.60 points at 10,471.49, after frequent changes of direction. The S&P 500  ...

CHICAGO (Dow Jones) - Bond investors may have been able to shrug off rising interest rates and the Federal Reserve's well-telegraphed inflation jitters earlier this year, but by the third quarter these concerns held a firm grip on the market. "It hasn't been the inflation figures that have been the concern, but the talk of inflation," said Scott Berry, a fund analyst at investment research firm ...

NEW YORK (Dow Jones) - U.S. stocks were mixed, but hovering in tight ranges Thursday morning, as investors hesitated to make bold moves ahead of the Friday close of the third quarter. Bucking the sluggish trend, PepsiCo zoomed ahead on strong earnings. The Dow Jones Industrial Average (DJI) was down 6.77 points at 10,466.32, with 23 of its 30 components in negative territory. The S&P  ...

CHICAGO (Dow Jones) - The dollar was barely moved by mostly positive U.S. economic data issued Thursday morning and continued to trade mixed against its chief counterparts, not far from the two-month highs it hit early in the week. "From here, we expect the dollar to maintain a slightly negative bias, though eyes will remain on energy-price developments and Treasury yields," said Ron Simpson, c ...