Foreign Exchange News

CHICAGO (Dow Jones) - Tokyo stocks are at four-year highs, Japanese banking officials have the end of deflation in sight, a market-minded prime minister was reelected and yet, the yen struggles. It may be months before the yen's fortunes turn, say analysts. The Japanese currency has lost around 8% to its U.S. counterpart so far this year, although at a current 113 yen, the dollar is off its  ...

NEW YORK (Dow Jones) -- U.S. stocks turned higher Thursday afternoon, as investors monitored mercurial energy prices and hesitated to make bold moves ahead of the Friday close of the third quarter. Shares of PepsiCo gained on strong earnings. The Dow Jones Industrial Average (DJI) last was up 30 points at 10,503, after frequent changes of direction. The S&P 500 Index (SPX) was up 6 po ...

By Ben Harding LONDON (Reuters) - 3i Group (III.L: Quote, Profile, Research) , Europe's biggest listed private-equity firm, said on Thursday that buoyant equity and IPO markets were boosting its investments, sending its shares to a three-year high. The firm said it realised 910 million pounds from investments in the first five months of its fiscal year, up from 577 million pounds in the same per ...

NEW YORK (Dow Jones) - U.S. stocks shot higher at midday Thursday morning, as crude futures turned lower and many investors hesitated to make bold moves ahead of the Friday close of the third quarter. PepsiCo zoomed ahead on strong earnings. The Dow Jones Industrial Average (DJI) was up 12.87 points at 10,485.96, with 19 of its 30 components in positive territory. The S&P 500 (SPX) was ...

NEW YORK (Dow Jones) -- U.S. stocks were in rally mode late in Thursday's session, as investors overcame worries about energy prices and made late-quarter portfolio additions. Shares of PepsiCo zoomed higher on strong earnings. With less than an hour of trade left, the Dow Jones Industrial Average (DJI) last was up 62.57 points at 10,535.66, after making frequent changes of direction. The ...

NEW YORK (Dow Jones) - U.S. stocks were modestly lower early Thursday as investors lightened portfolio holdings ahead of the Friday close of the third quarter, although PepsiCo zoomed on strong earnings. The Dow Jones Industrial Average (DJI) was down 23.49 points at 10,449.60. The S&P 500 (SPX) was down 4.19 points at 1,212.70 and the Nasdaq composite ( RIXF) down 7.68 at 2,107.72. S ...

Another four year high for the Nikkei and stronger than expected Japanese retail sales in August pulled the yen back from two-month lows against the dollar. // The currency rose 0.3 per cent to Y113.05, having strengthened above Y113 to Y112.67 at one point. There were signs that investors might be becoming nervous of the Nikkei’s heady levels and taking profits. Capital flows figures showed foreigners sold a net Y89bn of Japanese shares last week, the first weekly selling since early June, a ...

European financial institutions have issued record volumes of subordinated bonds this year, already exceeding last year’s annual issuance. // Issuance in all markets by European institutions reached €93bn in the first nine months of the year, more than the €83bn issued in the whole of 2005, according to figures from Merrill Lynch. Financial institutions raise subordinated bonds to increase the c ...

NEW YORK (CNN/Money) - Bonds fell Thursday afternoon after the number of jobless claims took its biggest dive in 13 years -- a drop of more than 79,000 claims. The government estimated Katrina's devastation of the Gulf Coast added 60,000 claims to the weekly data. Without that, the total would drop to 296,000, a reading one Wall Street bond trader told Reuters should be "selling numbers." An upward revision to second-quarter core personal consumption expenditures, or PCE, index, t ...

LONDON (MarketWatch) -- The yen advanced on the U.S. dollar Thursday amid a recent stock-market appreciation after the re-election of Prime Minister Junichiro Koizumi.   MARKETWATCH TOP NEWS Resource stocks help European indexes higher CORRECT: Ford changing supply system to save billions VNU courts shareholders to OK IMS purchase Natural gas taps a record near $15; gas c ...