Foreign Exchange News

NEW YORK (Dow Jones) - U.S. stocks rallied Monday after strong earnings news in the pharmaceutical sector, as the market got an extra boost from anticipation that the White House nominee for Federal Reserve Chairman Alan Greenspan's replacement could be named this afternoon. The Dow Jones Industrial Average (DJI) rose more than 100 points. The S&P 500 (SPX) and the Nasdaq Composite (RIXF) ...

NEW YORK (MarketWatch) -- Amidst all the political and media fanfare associated with the nominating of a new Federal Reserve chairman, Wall Street analysts were mixed on how the financial markets would react to a new Fed boss. var gfEbInIframe = true; var gEbBAd = new Object(); gEbBAd.nFlightID = 88023; gEbBAd.nWidth = 300; gEbBAd.nHeight = 250; var gstrEbRandnum = new String(Math.random());  ...

NEW YORK (Dow Jones) - U.S. stocks were off their highs Monday, as crude- futures prices broke above the $60 a barrel level, although the market still drew support from favorable earnings news from Merck & Co. and Schering-Plough and a plan to break Cendant Corp. into four companies. The Dow Jones Industrial Average (DJI) backed off its highs, after earlier sporting a gain of more than 80 p ...

CHICAGO (Dow Jones) - The U.S. dollar fell against its Japanese counterpart on Monday, following comments hinting at further appreciation of the Chinese yuan and by proxy, the region's benchmark, the yen. China's Yu Yongding, who heads the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, said yuan appreciation was inevitable over time, but that changes would  ...

NEW YORK (Dow Jones) - U.S. stocks rallied at the opening Monday, as market sentiment got a boost from a drop in crude-futures prices below $60 a barrel and news that beleaguered Cendant Corp. will be broken into four companies. The pharmaceutical sector was enlivened by new earnings reports from Merck & Co. and Schering-Plough Corp. The Dow Jones Industrial Average (DJI) early on broke  ...

SAN FRANCISCO (Dow Jones) -- Asian markets, awaiting key U.S. economic and inflation data later in the week, generally were down in Monday morning trading. The movement reflected U.S. markets' weak performance in the past week, and Asian investors awaiting domestic earnings reports - and U.S. data that could signal another inflation warning. Of the major indexes, only Hong Kong's Hang Seng,  ...

LONDON (Reuters) - KPMG, one of the big four accounting firms, said on Monday its annual global revenue rose 16.4 percent and it was confident the business had a strong year ahead. Global revenue rose to $15.65 billion (8.85 billion pounds) for the year to September 30, while the increase in local currency terms was 12.8 percent, the provider of audit, tax and advisory services said in a statemen ...

The US economy managed a remarkably robust performance in the third quarter in spite of the enormous damage caused by hurricanes Katrina and Rita. // Consumer confidence declined sharply in September, hardly surprising post-Katrina, and there much uncertainty surrounding October’s data, due on Tuesday. The consensus forecast suggests confidence should rebound but HSBC expects a further decline in consumer sentiment due to high natural gas and gasoline prices. However, the resilience of the  ...

This is Money22 October 2005 THE UK's official energy watchdog today gave powerful support to calls for householders to save money by switching suppliers. WANT TO KNOW MORE? Click here to see how easy it is to switch to a new gas or electricity supplier OTHER STORIES High price of seven-year itch Christmas trains coming online A cold cure from Dr Energy Bulldog escapes watchog's bi ...

Simon Moon, This is Money22 October 2005 IT used to be called the seven-year itch. Marilyn Monroe famously starred in a Hollywood comedy of that name where a husband's fantasies of a fling with a beautiful neighbour never quite turn into reality. TEMPTRESS: Marilyn Monroe was a fantasy figure in the film The Seven Year Itch OTHER STORIES Switch and save - it's official Christmas trains coming online A cold cure from Dr Energy Bulldog escapes watchog's bite British Gas us ...