26 Nov 2004 09:02 AM

More and more countries are looking to China to liberalize its policies concerning yuan exchange rate. At the moment the yuan is pegged to the US currency at the rate of 8.30 yuan to the dollar. Most analysts believe that yuan is 40% underpriced and would be significantly stronger if allowed to float freely. This gives US a reason to blame

26 Nov 2004 08:48 AM

Euro's record rise to $1.333 per euro on Friday caused a serious drop in German business sentiment. The continued euro surge confirmed speculations that the European Central Bank can be expected to lower interest

26 Nov 2004 08:37 AM

Dollar set a new record hitting Friday an all-time low of $1.3330 per euro. Against yen, dollar is at the lowest level in 4-1/2 years dropping to 102.15 yen pre dollar.

25 Nov 2004 07:15 AM

Oil prices jumped once again following a U.S. government report that confirmed fears about insufficient distillate stock supplies that will affect the global market ahead of the cold temperatures forecast in the US Northeast.

24 Nov 2004 09:06 AM

Oil prices jumped to $50.25 a barrel in open-call trade but retreated later to $48.94 a barrel. The rebound reflects renewed concerns about slow growth in distillate supplies ahead of the Northern Hemisphere winter. January and February are expected to be colder than usual, and December can turn out milder, according to the revised

23 Nov 2004 08:45 AM

Crude oil fell Tuesday on wide-spread feeling that slowdown in global economic growth in 2005 may affect the global demand for oil. Crude oil futures for January delivery traded at $48.50 a barrel in morning trading on the NYMEX after hitting $49.55, the highest number since November 8.

23 Nov 2004 08:03 AM

Dollar is slightly higher than its all-time low of $1.3074, a record set last Thursday. Yesterday euro was at $1.3045 in the afternoon trading. Traders explained the temporary stabilization of the exchange rate with “a lack of

19 Nov 2004 08:29 AM

Oil prices went down upon the speculation natural gas stockpiles increase may ease concern over the Northern Hemisphere winter.

18 Nov 2004 08:42 AM

Dollar fell to an all-time low of $1.3068 against euro on Wednesday. Against yen, it slipped to 103.66, the lowest level since April 1. Market analysts contemplate the possibility of dollar-euro exchange rate reaching $1.35 and 100 yen within months. European

17 Nov 2004 07:21 AM

Oil prices fell to the lowest on expectations today’s report will show U.S. oil and fuel inventories rose last week.

16 Nov 2004 07:38 AM

Oil prices fell in the U.S. on unexpected comforting news that rising imports will contribute to heating oil production in winter. December crude oil dropped 34 cents, or 0.7%, to $46.53 per barrel in after-hours electronic trading on the New York Mercantile Exchange. U.S.

15 Nov 2004 10:48 AM

Eurozone economy is still unable to outperform the U.S. as the reports of its headliners – France and Germany – show decline for the whole zone of 12 nations that share the euro. According to the European Commission forecast, the economic growth in the eurozone in the fourth quarter will be in the range of 0.2–0.6% against the earlier estimated 0.3–0.7%. Some month ago leading economists predicted

15 Nov 2004 06:00 AM

Crude oil damped to the lowest of about $46 on the speculation stockpiles continue rising. December crude oil fell as much as 39 cents, or 0.8%, to $46.93 per barrel in after-hours electronic trading on the New York Mercantile Exchange. Due

11 Nov 2004 08:09 AM

In a meeting of the Federal Open Market Committee Wednesday, the policy makers fulfilled the expectations of the analysts announcing a quarter-point rise in its target for the Federal funds Rate, bringing it 2% from 1.75%, the

11 Nov 2004 06:07 AM

The world’s No.2 oil producer may reduce its oil exports within 2 years, Russia’s Oil and Gas Industrialists’ Union head was quoted as saying.