Foreign Exchange News

HONG KONG, Feb 5 (Reuters) - Hong Kong shares rose 0.9 percent on Thursday, defying losses in other major Asian markets, amid increasing hopes for new support measures from China. But Esprit Holdings, the world's No. 5 fashion brand, fell after posting its first profit decline in over a decade as investors fretted over a bleak outlook for the company's wholesale business. The bench ...

SHANGHAI, Feb 5 (Reuters) - China should pay more attention to the euro/yuan exchange rate as the European Union is now its largest trading partner, the EU's Ambassador to China Serge Abou said on Thursday. "We have the impression in Europe that monetary policy of China is more focused on the dollar than other currencies of those countries that China is trading with," Abou told a ...

BRATISLAVA, Feb 5 (Reuters) - Here are news stories, press reports and events to watch which may affect Slovak financial markets on Thursday. PM FICO WITH BANKS Prime Minister Robert Fico will sign a memorandum with the Slovak Banking Association on measures against economic crisis. PM WITH MUNICIPALITIES Prime Minister Robert Fico will meet representatives of the Municipal Association to deba ...

MUMBAI, Feb 5 (Reuters) - Indian shares fell more than 1 percent on Thursday, weighed down by sluggish domestic demand and renewed U.S. economic concerns, but shipping companies bucked the trend on signs of a revival. Traders said lower-than-expected inflation failed to bolster sentiment, with talk of more rate cuts seen as hurting profit margins of banks because of their high-cost term deposits. ...

By Shinichi Saoshiro TOKYO, Feb 5 (Reuters) - Japan's Nikkei stock average fell 1.1 percent on Thursday as Canon Inc and other technology shares slipped on worries about the U.S. economy, but losses were stemmed as hopes for Chinese economic steps buoyed shippers and steel. In the United States, poor earnings from Kraft Foods and forecasts after the bell of a sharp loss for tech bellwether Cisco ...

TOKYO, Feb 5 (Reuters) - Japan's Nikkei average fell 1.1 percent on Thursday as Canon Inc and other technology shares slipped on worries about the U.S. economy, but losses were limited as hopes for Chinese economic steps buoyed shippers and steel. The benchmark Nikkei dropped 89.29 points to 7,949.65. The broader Topix declined 0.80 percent to 786.41. ((Reporting by Shinichi Saoshiro) ((shinich ...

SHANGHAI, Feb 5 (Reuters) - China should pay more attention to the euro/yuan exchange rate as the European Union is now its largest trading partner, the EU's Ambassador to China Serge Abou said on Thursday. "We have the impression in Europe that monetary policy of China is more focused on the dollar than other currencies of those countries that China is trading with," Abou told a ...

TOKYO, Feb 5 (Reuters) - Japan's Nikkei average dipped 0.5 percent in choppy trade on Thursday as defensive stocks such as drugmakers lost steam after recent gains, but steelmakers and shippers jumped on hopes for Chinese economic steps. In the United States, poor earnings from Kraft Foods and forecasts after the bell of a sharp loss for tech bellwether Cisco Systems Inc frayed worries that the r ...

TAIPEI, Feb 5 (Reuters) - Taiwan stocks fell 0.61 percent on Thursday, ending a three-day winning streak after CLSA issued a gloomy outlook for Taiwan's economy, but Asustek rose after forming a tie-up with Garmin to make GPS phones. The main TAIEX share index closed down 26.72 points at 4,363.25, retreating from a three-week closing high reached in the previous session. Turnover was thin at T$5 ...

By Parvathy Ullatil HONG KONG, Feb 5 (Reuters) - Hong Kong shares led gains in the region with a 2.7 percent jump on Thursday, tracking another rally on the Shanghai bourse on hopes for fresh support measures from China after data showed earlier steps had yielded results. Turnover picked up to scale HK$30 billion in the morning session compared with just HK$36.5 billion for all of Wednesd ...