Foreign Exchange News

Lucy Farndon, Daily Mail28 July 2006 THE Financial Services Authority has warned that there could be 'sharp' drops in equity, bond and oil prices as the economic climate worsens. OTHER STORIES Market report: Friday 09.00 Footsie comes close to 6000 Investors back Bolton split Dogs open lead over FTSE GUS pins hopes on Experian THE EDITOR'S PICKS TOP TOOL: Cut your gas bill T ...

Evening Standard27 July 2006 BOOMING sales of cigarettes in Russian and Far Eastern markets more than offset declining sales in parts of Europe and Canada, British American Tobacco said today. OTHER STORIES British Gas bills go up yet again BA slashes 2m seat prices Market report: Thursday 16.00 'Excellent' Rolls-Royce cheers market AstaZeneca boosted by big five THE EDITOR'S  ...

Jonathan Prynn, Evening Standard27 July 2006 BRITISH AIRWAYS starts selling 2 million cheap flights from today. The one-way tickets from Gatwick to 26 European destinations cost £29, £34, £39 and £44 including all charges and taxes. PRICE PLUNGE: One-way flights to 26 European destinations will cost as little as £29 WANT TO KNOW MORE? DEALS: Compare and buy travel insurance TiM SERVICE: Order your travel currency DATA: The latest ourist rates  ...

LONDON (Dow Jones) -- Business news and information company Reuters Group on Wednesday lifted its revenue growth target for the year and improved its dividend for the first time in five years, alongside reporting a 26% profit decline as the company reshuffles its portfolio. Reuters (RTRSY) said its first-half profit declined 26% to 96 million pounds ( $178 million), after the year-ago sale of com ...

LONDON (Dow Jones) -- European defense company and Airbus parent EADS releases first-half results on Thursday, with investors looking for management comments on the second-half outlook and an update on the twice-delayed A380 superjumbo program. The European "champion" has been in turmoil since June 14, when it revealed a fresh round of delays on the A380, which will result in a 2 billion-euro ( ...

Nick Goodway, Evening Standard26 July 2006 NEWS and financial data giant Reuters cheered the market today as it raised its growth forecasts for the year and increased the half-year dividend for the first time in five years. WANT TO KNOW MORE? DATA: Reuters' share price ADVICE & TIPS: Investing READER SERVICE: Share dealing OTHER STORIES Amazon profits slump 58% Glaxo claims bir ...

By Jeffrey Goldfarb LONDON (Reuters) - United Business Media boosted first-half pretax profit by 9 percent on a 25 percent revenue gain, with growth in press release distribution offsetting struggles at its weekly technology magazines. The company (UBM.L: Quote, Profile, Research) , which has been reshaped over the past year under new leadership, said on Tuesday its outlook for the second half was broadly in line with the first half, with plans to spend an additional 5 million to 8 million pou ...

European shares gained ground on Monday, as relief that mobile phone giant Vodafone Group held onto guidance and hopes that consumer electronics giant Philips Electronics will fetch a high price for its semiconductors unit buoyed markets. The U.K. FTSE 100 indexincreased 0.4% at 5,739, the German DAX Xetra 30 indexgained 0.3% at 5,466 and the French CAC-40 indexadvanced 0.2% at 4,829. In the ...

U.S. stocks rose in early trading Monday, buoyed by a flurry of merger-and- acquisition activity and strong results from drug companies Merck and Schering- Plough. The Dow Jones Industrial Average (DJI) rose 71 points to 10,938. The Nasdaq Composite Index (RIXF) gained 19 points to 2,039 while the S&P 500 Index (SPX) climbed 7 points to 1,247. "This week needs to be about hitting expe ...

The yuan has touched its highest level against the US dollar since revaluation exactly a year ago. China's currency traded at 7.9845 to the dollar on Friday, up 0.09% from the close of 7.9920 on Thursday. The new figure beat the yuan's previous post-revaluation high of 7.9850 on 7 July. As part of World Trade Organization obligations, China last year abandoned the currency peg which had fixed 8.28 yuan to the US dollar for 10 years. Export claims The yuan was revalued by 2.1% to 8.11 per do ...