Foreign Exchange News

BEIJING (XFN-ASIA) - China's broad money supply (M2) rose 18.4 pct year-on-year to 32.4 trln yuan at end-July, the People's Bank of China (PBOC) said, confirming earlier reports. The growth rate remained unchanged from the figure for the first six-months. According to a central bank statement posted on its website, M1 grew by 15.36 pct from a year earlier to 11.27 trln yuan. The statement descr ...

LONDON (Reuters) - Currency trader and spread-betting company IFX Group said it would back a 58 million pound takeover plan by rival City Index, which made an initial approach in March. City Index has offered 180 pence in cash per share, or around 57.9 million pounds. "The IFX directors have considered the implications for all stakeholders in IFX (IXF.L: Quote, Profile, Research) of the options ...

LONDON (Reuters) - Currency trader and spread-betting company IFX Group Plc (IXF.L: Quote, Profile, Research) said it would back a 58 million pound takeover plan by rival City Index, which made an initial approach in March. City Index has offered 180 pence in cash per share, or around 57.9 million pounds. "The IFX directors have considered the implications for all stakeholders in IFX of the opt ...

The dollar was little changed against major foreign-exchange counterparts early Tuesday as traders nervously awaited the Federal Reserve's interest-rate announcement later in the session. There's a strong consensus that the Federal Reserve will pause in its interest-rate tightening cycle after 17 consecutive rate hikes over the past two years, but markets remain uncertain what the bank will say ...

U.S. stocks were lower at midday Monday, as investors showed caution a day ahead of the Federal Reserve's monetary-policy meeting, while a supply disruption at a BP PLC oilfield in Alaska added to a sense of unease. The Dow Jones Industrial Average (DJI) was 22 points lower at 11,218. The S&P 500 (SPX) and the Nasdaq Composite (RIXF) were down 2.5 points at 1, 276 and down 11 points at 2 ...