Foreign Exchange News

WASHINGTON (Dow Jones) -- The continued increase in the U.S. trade deficit has some labor and business leaders worried about where the country's economy is headed and calling for strong action to narrow the gap. The Commerce Department reported on Wednesday that the year's trade deficit widened by 0.8 percent in May to $63.8 billion. "If we don't take action, we're going to be losers in the  ...

SAN FRANCISCO (Dow Jones) -- Hedge fund indexes fell for a second straight month in June and underperformed the Standard & Poor's 500 equity benchmark after some managers were caught out by sharp stock-market gyrations. Hedge Fund Research's index dropped 0.20% last month after losing more than 1% in May. The Hennessee Hedge Fund Index, which tracks the performance of roughly 1,000 managers ...

Wed 12th Jul 2006 Over £800 million worth of foreign currency has been 'dumped' at airports, according to new research by Halifax Travel Insurance. Men were found to be doing most of the 'money dumping' as Halifax has termed the phenomenon whereby people spend money at airports just to use up their left over currency. On average men were found to be spending £61 at an airpor ...

Sascha Hutchinson, This is Money7 July 2006 IF you're headed to university this year, consider your needs carefully before opening a specially-designed student account. DO YOUR HOMEWORK: You could save money WANT TO KNOW MORE? DEAL FINDER: Student accounts OTHER STORIES Bank refunds put on ice by court Villagers force Lloyds U-turn Branches go - but you can have coffee New on the market Cahoot account loses its shine USEFUL SAVINGS LINKS EMAIL US: Conta ...

The Office for National Statistics (ONS) said the deficit on goods traded increased to £6.8bn compared with £5.6bn in April. Economists had forecast a deficit of £5.7bn.The highest figure on record was reached in February this year when the shortfall on goods traded hit £7.2bn.Oil accounted for around half of the deterioration due to a surge in imports as domestic production slowed down. In May, t ...

WASHINGTON (Dow Jones) -- Viewed in terms of the recently-completed World Cup soccer tournament, Henry Paulson is a defensive substitute for the White House, analysts said Monday. His mission is not to score snazzy new legislative initiatives from Congress, but to protect the Bush economic record of tax cuts and smooth economic conditions through the coming two elections and more turbulent inte ...