Foreign Exchange News

Tue 30th May 2006 A new international money transfer service for the over 50s has been launched today by Saga Financial Services. The new service is specifically designed for those who are purchasing property abroad, or who need to transfer large sums of money or who need to transfer money into foreign currency on a regular basis. SAGA Financial Services is offering no fees on transfers ...

WASHINGTON (Dow Jones) -- Ending one of the capital's longest death watches ever, Treasury Secretary John Snow has finally resigned his post. President Bush nominated Goldman Sachs CEO Henry Paulson as Treasury secretary on Tuesday, allowing Snow to tender his resignation. The announcement came after weeks of speculation that Snow would be removed in a spring cleaning engineered by Josh Bolten ...

By Glenn Somerville and Caren Bohan WASHINGTON (Reuters) - President George W. Bush on Tuesday named Henry "Hank" Paulson as his new Treasury Secretary, enlisting one of Wall Street's most powerful players to help him claim credit for the economy's strength and lift his sagging popularity. The surprise announcement that the Goldman Sachs chairman would succeed John Snow at Treasury came after weeks of speculation that Bush was about to make a change and won strong initial approval from lawmake ...

Crude oil pushed above $72 a barrel level on Tuesday as traders returned from the long holiday weekend to be faced with further evidence of rising demand in China. // Nymex July West Texas Intermediate added 98 cents at $72.35 a barrel while IPE Brent for July delivery rose 84 cents to $71.43 a barrel. China’s demand for oil rose at its fastest pace for two years in April with estimated consumption up 10.8 per cent year-on-year after an increase in state-set fuel prices encouraged refiners to  ...

WASHINGTON (Dow Jones) -- President Bush has nominated Henry Paulson, the chairman and chief executive of Goldman Sachs Group, to replace Treasury Secretary John Snow. In a brief speech at the White House on Tuesday, Bush said Paulson would be his top economic adviser and the public face of the White House's economic policies. Paulson said the U.S. economy is strong, but its strength cannot  ...

WASHINGTON (Dow Jones) -- Henry Paulson, the chairman and chief executive of Goldman Sachs Group, will be named to replace Treasury Secretary John Snow, according to media reports. A senior White House official said President Bush is leaning toward the appointment of Paulson to succeed Snow in the top Treasury post, the Wall Street Journal reported Tuesday. An official announcement is expect ...