Foreign Exchange News

The US dollar fell 1% against Japan's yen on Monday, after a US official said Tokyo should continue to restrain from talking down the Japanese currency. The comments were seen as a signal that the US wishes for the dollar to weaken against both the yen and China's yuan. Analysts said the US has long argued that Japan and China unfairly benefited from undervalued currencies. A weaker dollar would help the US cut its trade deficits with the two. The dollar has fallen sharply since the G7 (Grou ...

HONG KONG (MarketWatch) --Asian markets were broadly higher Monday morning as investors took heart from New York's rally, with Tokyo and Sydney leading regional gains in early trading. Japan's Nikkei 225 Average was up as much as 1.16% to 17,352.77, powered by manufacturing and heavy industries. Tokyo's broader Topix index gained as much as 0.83% to hit 1,751.60. Ishikawajima-Harima Heavy Indu ...

By Megan Davies OMAHA, Nebraska (Reuters) - Warren Buffett told shareholders on Saturday he wanted to reduce Berkshire Hathaway Inc.'s (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research) cash pile as he looks for more profitable places to put the company's money, and that there was a small chance he would make a $15 billion (8 billion pound) acquisition. The chairman and chief executive, speaking at Berkshire's annual meeting, also said that he sees the U.S. dollar weakenin ...