Foreign Exchange News

CHICAGO (Dow Jones) -- Higher volume and prices helped Campbell Soup offset unfavorable currency conversion and pushed its fiscal second quarter revenue and profit slightly higher, the company said Friday. Campbell (CPB) , whose brands include Prego sauce, Pace salsa, Pepperidge Farm cookies, and its namesake soup, earned $254 million, or 61 cents a share, up from $235 million, or 57 cents a sh ...

NEW YORK (MarketWatch) - The dollar erased early gains to trade mixed Friday as investors remained confident the Fed will continue lifting interest rates in the coming months. At last check, the dollar rose to 118.37 yen, up 0.4% from 117.91 yen late Thursday, while the euro edged up 0.2% to $1.1934, compared to $1.1912 late Thursday. Earlier, the U.S. Labor Department said the producer pric ...

NEW YORK (MarketWatch) -- The dollar firmed against its major counterparts early Friday after a bigger-than-expected rise in U.S. producer prices added to pressure for the Fed to continue lifting interest rates in the coming months. At last check, the dollar rose to 118.56 yen, up 0.6% from 117.91 yen late Thursday, while the euro fell 0.3% to $1.1872, compared to $1.1912 late Thursday. The  ...

The yen slid in European morning trade on Friday as strong Japanese GDP growth data was outweighed by fresh signs of worsening deflation. // Japanese GDP rose 1.4 per cent in the final quarter of 2005, above expectations for a reading of 1.2 per cent and equivalent to annualised growth of 5.5 per cent. The data cemented full-year GDP growth of 2.8 per cent, below the 3.5 per cent in the US but do ...

NEW YORK (MarketWatch) - The dollar climbed against major rivals Thursday as robust economic data reinforced the prospects for further interest rate increases in the coming months. The dollar picked up strength after a report from the Federal Reserve Bank of Philadelphia showed the factory sector in that region expanding at a faster- than-expected rate in February. Earlier, the dollar was bo ...

NEW YORK (MarketWatch) -- The dollar was little changed at midday Thursday as traders continued to gauge the prospects for U.S. interest rates in the coming months. The dollar retraced some earlier gains made after a batch of strong economic reports showing that the housing market remains robust and that inflation may be heating up. Both conditions support the case for the U.S. Federal Reserve  ...

NEW YORK (MarketWatch) -- The dollar rose for a second session early Thursday after a batch of strong economic data reinforced expectations of further interest rate increases. The dollar gained strength after reports showing that the housing market remains robust and that inflation may be heating up. Both conditions support the case for the U.S. Federal Reserve to continue its series of steady  ...

By Jeffrey Goldfarb LONDON (Reuters) - Anglo-Dutch publishing company Reed Elsevier (ELSN.AS: Quote, Profile, Research) announced a $1 billion (575.6 million pound) share buyback programme as it reported a 9 percent gain in annual adjusted profit before tax, slightly below analysts' forecasts. Revenue at the publisher of science journals, legal information, school textbooks and specialty magazines was 5.166 billion pounds, up 7 percent at constant currencies and higher than analysts expected. ...

LONDON (Reuters) - Reed Elsevier, the Anglo-Dutch publishing company, announced a $1 billion (580 million pound) share buyback programme along with news of a 9 percent gain in annual adjusted profit before tax, slightly below analysts' forecasts. Revenue at the publisher of science journals, legal information, school textbooks and specialty magazines, was 5.166 billion pounds, up 7 percent at constant currencies and higher than analysts were expecting. The profit figure, which is before amorti ...

CHICAGO (Dow Jones) -- Office Depot's fourth-quarter profit more than doubled and revenue gained 7% thanks to brisk sales in North America, along with an extra week in its fiscal year that more than offset a currency-fueled decline overseas. After the close of trading Wednesday, Office Depot (ODP) said that it earned $ 106 million, or 34 cents a share, on the period -- up from $52 million or 17 ...