Foreign Exchange News

HONG KONG (Dow Jones) -- China moved Friday to rein in the nation's runaway credit growth by raising bank reserve requirements, though analysts said the steps wouldn't likely do much to cool the overheating economy. The People's Bank of China said it was lifting the reserve requirement ratio by 50 basis points from Aug. 15. The bank said the country's excessive trade surplus was a problem for t ...

LONDON (Reuters) - Shares in NSB Retail Systems jumped nearly 9 percent on Friday after the software company said it would report a 40 percent jump in first-half operating profit, ahead of market expectations. NSB (NSB.L: Quote, Profile, Research) , which specialises in supplying software to major retailers, said operating profit before exceptional costs would be not less than $9.0 million (4.8 million pounds) in the six months to June 30, from $6.4 million a year ago, helped by its North Ameri ...

LONDON (Reuters) - Software company NSB Retail Systems said on Friday it would report a 40 percent jump in first-half operating profits, ahead of market expectations, helped by improved revenues in North America. The company (NSB.L: Quote, Profile, Research) , which specialises in supplying software to major retailers, said in a trading update that operating profit before exceptional costs would  ...

SIB provides a money broking service to banks, building societies, local authorities, public sector and commercial firms in sterling, euro and other currency markets, as well as further financial services, including treasury consultancy and cash management.The company operates from offices near London Bridge – one of only five London money brokers dealing in sterling money markets to deal with cl ...

By Eric Auchard SAN FRANCISCO (Reuters) - Yahoo Inc. (YHOO.O: Quote, Profile, Research) on Tuesday cautioned that 2006 revenue could grow at a slower-than-expected pace and delayed the launch of an upgraded search advertising system, sending its shares down 13 percent. The disappointing forecast from the world's largest Internet media company weighed on leading online stocks in post-market trad ...

By Emily Chasan NEW YORK (Reuters) - Oil prices retreated amid relief that the fighting between Israel and Lebanon-based Hizbollah had not spread, but the conflict kept the stock market jittery and drove investors towards less risky assets. Oil was trading lower after the commander-in-chief of Iran's Revolutionary Guard said on Monday that Israel can end the fighting in south Lebanon if the Jewish state agrees to a prisoner exchange. The Revolutionary Guard is one of Hizbollah's closest allies ...

LONDON (Reuters) - Plumbing and building supplier Wolseley said on Monday business conditions had been broadly in line with its expectations, adding that, as expected, the growth rate in the second half of the year had slowed. "Results for the first 11 months to 30 June 2006 show a strong increase in revenue and profits driven by high rates of organic growth and market outperformance in North America and the contribution from acquisitions," Wolseley said in a trading statement. "Trading profit ...

LONDON (Reuters) - Plumbing and building supplier Wolseley (WOS.L: Quote, Profile, Research) said on Monday business conditions had been broadly in line with its expectations, adding that, as expected, the growth rate in the second half of the year had slowed. "Results for the first 11 months to 30 June 2006 show a strong increase in revenue and profits driven by high rates of organic growth and market outperformance in North America and the contribution from acquisitions," Wolseley said in a  ...