Foreign Exchange News

HONG KONG (Dow Jones) -- China may diversify some of its foreign-exchange holdings into institutional and corporate bonds, but not necessarily outside of dollar-denominated holdings, according to Xinhua Financial News, citing a government official in a report published Monday. The Chinese state-media organization didn't identify the official, though it described the source as authoritative.  ...

LONDON (MarketWatch) -- The U.S. dollar secured gains on Monday, with the advance stronger against the yen than the euro after a relatively hawkish speech from Europe's top central banker. document.write('');   MARKETWATCH TOP NEWS Earnings, Fed talk in focus this week Nokia replaces GE atop Fidelity Magellan Fund Europe steady as energy stocks support, M&A in focus  ...

| Oil edges higher on Iran and Nigeria concerns By Chris FloodPublished: January 16 2006 09:35 | Last updated: January 16 2006 09:35Crude oil prices edged higher in London on Monday following attacks on oil production facilities in Nigeria and amid ongoing concerns that the dispute over Iran’s nuclear programme could escalate. // IPE Brent for February delivery rose 20 cents to $62.46 a barrel after Royal Dutch Shell said one of its plants in Nigeria was attacked on Sunday. Shell evacuated staf ...

Crude oil prices edged higher in London on Monday following attacks on oil production facilities in Nigeria and amid ongoing concerns that the dispute over Iran’s nuclear programme could escalate. // IPE Brent for February delivery rose 20 cents to $62.46 a barrel after Royal Dutch Shell said one of its plants in Nigeria was attacked on Sunday. Shell evacuated staff from four oil production platforms in the area and was considering a total staff withdrawal from the west of Nigeria’s delta regio ...

Bill Condie, Evening Standard16 January 2006 THE City has a long way to go to shake off its boys' club image, with women making up just 4% of equity traders, a survey showed today. OTHER STORIES Calls to debt lines up 40% Rate-cut hopes grow with lid on wages Market report: Monday preview Woman sues bank for £10m Britain to be 'sick old man of Europe' THE EDITOR'S CHOICE  ...

China's foreign currency reserves jumped 34% to a new record of $818.9bn (£462.5bn) last year. Its reserves have ballooned in recent years as the central bank has bought most of the dollars generated by foreign trade and inward investment. Although its strategy has helped to dampen inflation and hold back the value of the yuan, it has annoyed China's trading partners. They feel the yuan is undervalued and creates an unfair trading environment. Japan has the world's biggest foreign cur ...

HONG KONG (MarketWatch) -- Technology shares opened lower across Asia Monday, as traders took to the sidelines ahead of a busy week of earnings announcements on Wall Street and a dimming export outlook for regional manufacturers after the U.S. dollar weakened. In New York this week investors will be watching for fourth-quarter earnings from International Business Machines, Intel Corp, JP Morgan ...