Foreign Exchange News

Jenny Little, Mail on Sunday20 November 2006 Entrepreneurs are broadening their horizons, moving manufacturing overseas and using the internet to find customers worldwide. As a result, business travel is on the increase. Britons made 8.6m business trips in 2005, up 5% on the year before, according to the Office of National Statistics. SAVINGS: George Scholes avoids £7,000 travel agency fees by booking online OTHER STORIES Will women lead wealth stakes? Microso ...

Toby Walne, Stephen Womack and Helen Loveless, Mail on Sunday20 November 2006 Royal Mail launched a competition three months ago to find the country's favourite post offices. Embarrassingly, not long after, the Government said its support of the 14,300-strong network was unsustainable and that two-thirds could be axed. Last Thursday, behind closed doors, GMTV presenter Lorraine Kelly and Royal Mail 'unveiled' the competition winners. Financial Mail on Sunday reporters visited the winning p ...

BEIJING (XFN-ASIA) - The yuan closed at 7.8740 to the US dollar on the over-the-counter (OTC) market, compared with 7.8718 last Friday. On the exchange-traded market, the yuan ended at 7.8750, compared with Friday's closing level of 7.8700, according to a Shanghai-based trader. The currency traded between 7.8780 -7.8660 on the OTC market, and between 7.8750 -7.8666 on the exchange-traded market. ...

NEW YORK (Dow Jones) -- It's frequently observed paradox that Milton Friedman was simultaneously a great man he must now be acknowledged the outstanding economist of the 20th century, displacing John Maynard Keynes after a protracted struggle and physically a very small one. Friedman and his wife Rose were a matched set, perfectly proportioned but tiny, giving you the eerie feeling that you wer ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.8690 to the dollar, according to the National Foreign Exchange Center. The rate, published on the official Chinamoney website, compares with the midpoint of 7.8745 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4. On July 21, 2005, China freed the y ...