Foreign Exchange News

Jo Thornhill, Mail on Sunday10 October 2005 THOUSANDS of post offices face the axe because of red tape that subpostmasters say will ruin their businesses. They believe that the Post Office's archaic curbs on how they work are stifling opportunities to thrive. SURVIVAL BID: Gary Coyle says it's a struggle to stay open OTHER STORIES Six months' leave for new dads You're hired - and here's a home Christmas kiss warning for bosses Stay away from dad the boss Small stores tak ...

VIDEO-GAME specialist Nintendo expects net profit for the six months to September to exceed its earlier estimate by 90 per cent due to foreign exchange gains. The firm behind Mario, Donkey Kong and Pokemon is affected by dollar-yen fluctuations because it holds about £2.7 billion worth of dollar-denominated deposits.

This is Money10 October 2005 THE GROWTH of the low-cost airline sector shows no signs of slowing with a third of all UK flights now operated by a budget carrier. FLYING HIGH: Ryanair and easyJet have led the budget airline boom WANT TO KNOW MORE? DEAL FINDER: Travel insurance For great travel deals visit www.thisistravel.co.uk CHAT: What's your favourite budget airline? POLL: Is British Airways still 'the world's favourite airline'? OTHER STORIES Court fight over eBay s ...

The euro strengthened modestly against the dollar trading at $1.2139 by mid-morning on Monday following reports that Angela Merkel was likely to be named as German chancellor, ending several weeks of political deadlock. // The foreign exchange market was relatively quiet as the public holidays Japan and the US expected to limit trading activity during the day. The dollar traded marginally stronger than last week’s lows after the better than expected US employment report on Friday. The dollar ...

Gold on Monday struck its highest level since January 1988, peaking at $478.50 a troy ounce in early trade as the dollar weakened, and on fears of rising inflation fuelled by higher energy prices. // The new high represents the longest bull run in the gold market since the precious metal was freely floated in 1968. Bullion was last quoted at $477.40/$478.00 a troy ounce, up from its late quote of $473.80/$474.50 in New York on Friday. The rise in gold prices follows further speculative buying, ...

SAN FRANCISCO (Dow Jones) -- Led by Seoul's Kospi, which rose 1.63%, Asian stock markets generally rose Monday as the bellwether Nikkei 225 took a long holiday weekend. The Nikkei and other Japanese stock exchanges were closed Monday for the national Health-Sports Day holiday. The exchanges resume trading Tuesday. On Friday, the Nikkei closed down 0.99% to 13,227.74, its second straight losing  ...

The outlook for US interest rates and the dollar will provide a key theme for investors, with the minutes of the latest Federal Reserve meeting due tomorrow in a week packed with Hurricane Katrina-affected US data releases. // Bond markets have already priced in a November interest rate rise, with another increase in December seen as a strong probability. Now, the focus has moved to the possibility of a further rate rise in January. US headline inflation is expected to rise from 3.6 per cent i ...

Michael Clarke, This is Money8 October 2005 WHEN Jonathan Cobb sold a bike through eBay, he assumed he would be safe accepting a credit card payment from the buyer through his PayPal account. OTHER STORIES The best no-frills gadget deals Buy Xmas toys before prices rise £3 fee to be beside the seaside Scottish Power hikes prices It's time to fix your life SAVE MONEY GUI ...