Foreign Exchange News Results

  • Royal Dutch Shell plc Royal Dutch Shell Plc Second Quarter 2020 Euro And Gbp Equivalent Dividend Payments

    TIDMRDSA TIDMRDSB The Hague, September 8, 2020- The Board of Royal Dutch Shell plc (RDS/A) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2020 interim dividend, which was announced on July 30, 2020 at US $0.16 per A ordinary share and B ordinary share. Dividends on A Shares will be paid, by default, in euros at the rate of EUR0.1353 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency...

  • Companies Brace for Profit Hit From Euro Rally

    The euro's sharp rally this year is seen as a vote of confidence by investors on the prospects for Europe's economic recovery. But companies and their shareholders are bracing for pain. The euro has climbed 5.6% against the dollar this year, its biggest advance since 2017. On Sept. 1, it surpassed$ 1.20 for the first time since May 2018. The currency is near an all-time high on what is known as a trade-weighted basis.

  • China's Forex Reserves Rose $10.2 Billion in August

    BEIJING--China's foreign-exchange reserves rose in August for a fifth straight month, thanks to a trade surplus and a stronger yuan, official data showed Monday. The country's hoard of foreign exchange increased by $10.2 billion to $3.165 trillion at the end of August, according to data released by the People's Bank of China. Economists polled by The Wall Street Journal had expected a $16 billion rise in reserves in August.

  • China's Yuan Strengthens as Trade and Economic Concerns Fade

    China's yuan has rallied to its strongest levels in more than a year, as the country's economy continues to recover and investors grow less concerned about fresh U.S. tariffs. On Monday, the currency traded at around 6.85 to the dollar in both the tightly controlled onshore market and freer offshore markets in Hong Kong and elsewhere, building on gains registered in the previous trading session. "The clear outperformance by the Chinese economy versus the developed economies is...

  • GF Securities to Increase Trading in Forex Futures, Commodity Derivatives on SGX

    Singapore Exchange Ltd. (SPXCF) said Chinese brokerage GF Securities Co. will expand its foreign-exchange futures and other products on the Southeast Asian exchange, part of efforts to build connections between the China and Singapore capital markets. As part of the deal, GF Securities will increase its commodity-derivatives trading on the Singapore Exchange (SPXCF) and seek to facilitate investment in Singapore-listed real estate investment trusts and fixed-income products, said...

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