Bill English, Finance Minister of New Zealand, talks about Wellington's plans to raise cash to bring its economy back into surplus. He also discusses why he is unconvinced on Abenomics and denies recent claims that New Zealand is getting involved in global currency wars.» Read More
LONDON, May 21- Ending Britain's 306- year rule would allow Scotland to reverse generations of economic mismanagement and free its lawmakers to boost economic growth, say Scottish nationalists campaigning to split from the UK.
NEW YORK, May 20- The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering U.S. bond purchases this week.
SANTIAGO, May 20- Banco de Chile, the country's leading lender, is tempering its enthusiasm for the small, export-dependent economy as it sees signs of a slowdown in demand for corporate and consumer loans, its chief executive said.
TOKYO/ SYDNEY, May 20- The yen bounced off a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the government might be satisfied with its current level, following a sharp decline over the past six months.
Currency markets took their cue from comments by John Williams, the president of the Federal Reserve Bank of San Francisco, who said the Fed could completely exit its easing by the end of the year. Investors see Williams' thinking as close to that of the Fed's top officials such as Chairman Ben Bernanke and Vice Chair Janet Yellen.
TOKYO, May 17- The U.S. dollar held firm near a 10- month high against a basket of currencies on Friday after a regional Fed chief said the U.S. central bank could begin easing up on stimulus this summer, sharpening the high-yielding Aussie's fall.
LONDON, May 16- The dollar was near a six-week high against the euro and a 4-1/ 2 year peak against the yen on Thursday on prospects for more monetary easing in the euro zone and scaled back asset buying in the United States.
WELLINGTON, May 16- Megaupload founder Kim Dotcom has won the right to demand the United States hand over all the evidence in its online piracy case against the internet entrepreneur, New Zealand's Supreme Court ruled on Thursday.
*Sees lower deficits and moderate growth next two years. WELLINGTON, May 16- New Zealand's government charted a more optimistic economic outlook on Thursday as it raised its forecast for budget surpluses on the back of moderate growth, and said it would start spending more on new policies.
SHANGHAI, May 13- Investors convinced China's currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan's rally. Investors and companies have been pouring funds into China in recent months, helping send the yuan to a series of record highs.
*Australia, Korea cut rates, NZ intervenes. Fears that a global currency war is brewing were fuelled when the Reserve Bank of Australia and Bank of Korea both cut interest rates this week, citing the strength of their currencies as one of the reasons to act.
*Data shows Japan investors finally start buying foreign bonds. TOKYO, May 10- The yen weakened past 100 per dollar, giving Japanese Prime Minister Shinzo Abe a symbolic victory for his easy money policies, with markets bracing for further declines in the currency that could rise tensions with trading partners.
WELLINGTON, May 10- In the global currency arena small player New Zealand probably deployed its last best tactic this week- a strategically timed disclosure. The country's central bank governor, Graeme Wheeler, knocked around half a cent off the New Zealand dollar after divulging at a parliamentary committee that it had been active in currency markets.
TOKYO, May 10- The dollar extended its relentless rally against the Japanese currency on Friday to break above 101 to its highest since April 2009, after signs that Japanese investors are buying more foreign assets provided yet another reason to sell yen. The dollar last bought 101.03 yen on the EBS trading platform, after scaling to 101.20.
TOKYO, May 10- Japanese Prime Minister Shinzo Abe scored another small victory as the yen broke below major support of 100 to the dollar, with markets bracing for further declines over the course of the year that would underpin the export-reliant economy.
Bill English, Finance Minister of New Zealand, talks about Wellington's plans to raise cash to bring its economy back into surplus. He also discusses why he is unconvinced on Abenomics and denies recent claims that New Zealand is getting involved in global currency wars.
NEW YORK, May 9- The euro fell against the dollar on Thursday after two days of gains, hurt partly by a weaker-than-expected Spanish debt auction that served as a reminder to investors that the outlook for the euro zone's weaker nations remained uncertain. Trader also said there was an options play on the euro-- a double no touch option between $1.32 and $1.31.
*UK central bank seen leaving policy unchanged. Germany's DAX and Britain's FTSE 100 were 0.1 percent lower. Robust German factory activity and China's stronger than expected trade performance have boosted investor sentiment this week with the mood enhanced by data showing strong UK industrial output in March and jobs growth in Australia and New Zealand.
LONDON, May 9- The euro rose for a third straight day against the dollar on Thursday as some sovereign investors, encouraged by signs of an economic recovery in Germany, bought the single currency. The single currency lost substantial ground against the Australian and New Zealand dollars, which were buoyed by better-than-expected jobs numbers.
In early European trading the blue chip Euro STOXX 50, Britain's FTSE 100, Germany's DAX and France's CAC-40 FCHI> were 0.1 to 0.8 percent lower. We've seen a bit of stabilisation and positive surprises in the data recently, but we need to careful about reading to much into it, "said Morgan Stanley currency strategist Ian Stannard.