Foreign Exchange News

Monday view, Shadow MPC member Ruth Lea for the Daily Mail21 January 2008, 9:11am Tricky trade: The falling pound may help Britain's trade balance but will make life more expensive for the nation WANT TO KNOW MORE? What makes currencies strong or weak? Pressure mounts on BoE to cut rates again Facing up to grim economic reality Bets are on oil at $200 a barrel OTHER STORIES Shares tumble again as US fears spook market Brown reveals £25bn sweetener for Rock Ma ...

LONDON (Thomson Financial) - US SUMMARY: Stocks lower; oil rises Index Change Pct change DJIA 12099.30 -59.91 -0.49 NASDAQ 2340.02 -06.88 -0.29 S&P 500 1325.19 -08.06 -0.60 eur-usd 1.4622 -0.0051 Nymex crude for Feb 90.57 usd +44 cents FRIDAY'S CLOSE STOCKS ...

HONG KONG (Thomson Financial) - The US dollar was firmer against the yen and euro in afternoon trade in Asia Monday on hopes that interest rate cuts and government measures will spur growth in the US economy. On Friday President Bush unveiled a 145 billion US dollar package of measures including tax breaks and higher spending to keep the economy from tipping into recession. The Federal Reserve i ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.2598 to the dollar, according to the China Foreign Exchange Trading System. The rate, published on the official Chinamoney website (www.chinamoney.com.cn), compares with the midpoint of 7.2571 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4, 2006.  ...

LONDON (Thomson Financial) - The pound remained in the doldrums against the euro, although has steadied off earlier lows, as markets became convinced UK interest rates will fall in February following a weak set of retail sales figures. UK retail sales decreased 0.4 pct on the month in December, worse than analyst forecasts for no change, and an ominous sign for retailers, who depend on the Christ ...

LONDON (Thomson Financial) - The pound dropped sharply after the UK retail sales data showed a fall in December, reminding investors that interest rates are likely to be cut in the UK next month. UK retail sales were 0.4 pct lower on the month in December, worse than analyst expectations for no change. The month is crucial for retailers, as it accounts for about 13 pct of annual trading, and bri ...

Geoff Foster, Daily Mail18 January 2008, 7:49am As buyers suddenly swarmed all over Rentokil Initial, dealers smelt a rat. WANT TO KNOW MORE? Newspaper and magazine share tips OTHER STORIES Market report: Friday latest Newspaper and magazine share tips Market report: Thursday close Fund focus: Scottish Widows Yesterday's trading: Pair on brink of Close Bros deal FTSE L ...

(Recasts lead, adds details on margins; new deals, chairman quote) BANGALORE (Thomson Financial) - India's third-biggest software company Wipro Ltd said its fourth-quarter margins will be hit by wage hikes implemented in January adding it posted a 4 pct rise in third-quarter net profit over the second quarter, which was below analysts' forecasts. "We have made a 2-4 pct hike in offshore sal ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.2571 to the dollar, according to the China Foreign Exchange Trading System. The rate, published on the official Chinamoney website (www.chinamoney.com.cn), compares with the midpoint of 7.2545 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4, 2006.  ...

European equities markets were lower on the session Thursday after a key index on manufacturing in the US was lower, showing significant contraction in January over December. The FTSE Eurofirst 300 was 0.68 percent lower to 1,373.73. The IBEX was down 0.3 percent to 13,775.6 while the Dax fell 0.78 percent to 7,413.53 and the CAC-40 dropped 1.31 percent to 5,157.09. Markets were mixed in London, where the FTSE 100 was 0.68 percent lower to 5,902.4 but the FTSE 250 added 0.37 percent to 9.662. ...