NEWS / Foreign Exchange

U.S. crude up at USD 88 on renewed supply crunch fears

U.S. crude futures rose 90 cents to USD 88 a barrel on Thursday, extending the previous session's gains on renewed concerns of a supply crunch in the Northern Hemisphere's winter season.

Asian stock markets rise on U.S. rate cut hopes

Asian stock markets rose on Thursday in first sesion after speculation of an imminent U.S. interest rate cut helped Wall Street trim its losses and offset grim earnings results from Merrill Lynch
Tokyo's Nikkei average had risen 0.3 %, while other Asia Pacific stocks as measured by MSCI added 0.5 %.

UK financial system at risk from new shocks, says Bank of England

Britain??™s financial system is vulnerable to new shocks in the wake of its most severe challenge for decades, and banks and authorities must learn the lessons of the crisis, the Bank of England says today.