Foreign Exchange News

TAIPEI (XFN-ASIA) - Share prices closed higher as liquidity-driven buying outweighed the dip on Wall Street overnight due to caution ahead of October's US corporate earnings reports, dealers said. Fund managers lent support to their positions in the last trading session of the quarter, while appreciation of the local currency also heightened expectations of further capital inflows. The special S ...

TAIPEI (XFN-ASIA) - Share prices closed higher as liquidity-driven buying outweighed the dip on Wall Street overnight due to caution ahead of October's US corporate earnings reports, dealers said. Fund managers lent support to their positions in the last trading session of the quarter, while appreciation of the local currency also heightened expectations of further capital inflows. The special S ...

BEIJING (XFN-ASIA) - China has launched its long-awaited state investment company, which is intended to manage around 200 bln usd of its foreign exchange reserves. The China Investment Corp will be headed by Lou Jiwei, a former vice finance minister, according to a statement issued by the new company. China's reserves, the world's largest, surpassed 1.33 trln usd at the end of June, with about 7 ...

BEIJING (XFN-ASIA) - China has launched its long-awaited state investment company, which is intended to manage around 200 bln usd of its foreign exchange reserves. The China Investment Company will be headed by Lou Jiwei, a former vice finance minister. China's reserves, the world's largest, surpassed 1.33 trln usd at the end of June, with about 70 pct generally believed to be held in US dollar  ...

TAIPEI (XFN-ASIA) - Share prices opened higher as liquidity-driven buying outweighed the dip on Wall Street overnight due to caution ahead of October's US corporate earnings reports, dealers said. Fund managers giving support to their positions before they close their books for the quarter as well as appreciation of the local currency have also heightened expectations of further capital inflows.  ...

Robert Lea, Evening Standard28 September 2007, 11:15am Data The City gave sugars group Tate & Lyle a caning today after the group came out with its fourth profits alert in nine months. WANT TO KNOW MORE? Yesterday's trading: Sweet return for Tate & Lyle OTHER STORIES Rock faces storm after £40m divi payout Market report: Friday close Yesterday's trading: Baugur ' ...

LONDON (Thomson Financial) - The beleaguered dollar continued to fall, with the euro hitting yet another record high and heading towards the key 1.42 usd mark as investors awaited today's batch of US data releases. The euro has been hitting record highs ever since last week's aggressive 50 basis point rate cut by the Federal Reserve sparked talk of further cuts to come. Yesterday's very poor US  ...

LONDON (Thomson Financial) - The Canadian dollar came close to fresh 31-year highs against its US counterpart, helped by figures showing a key measure of US inflation falling to its lowest level in three and a half years. The Commerce Department reported that the core personal consumption expenditure (PCE) price index rose by 1.8 pct from a year ago, the slowest annual increase since February 200 ...

LONDON (Thomson Financial) - Oil reached a fresh all-time high in London, breaking this morning's record, as the dollar slumped to a new low against the euro after weak US consumer spending and inflation data. "The price rise is being attributed to investment flows into crude oil, citing a desire by investors to hedge against US dollar weakness," said analysts at Barclays Capital. &quo ...

LONDON (Thomson Financial) - The euro broke through the key 1.42 level against the dollar after US data showed core US inflation at its weakest level in three-and-a-half years. The Commerce Department reported that the core personal consumption expenditure (PCE) price index rose by 1.8 pct from a year ago, the slowest annual increase since February 2004. The headline PCE index was also up an ann ...