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News
08, July 2006
China Forex Reserves Climb to US $925b

China has seen two months of gains recently which has caused its foreign currency reserve, already the leading such figure in the world, to grow to US $925 billion at the end of May. These findings are reports by state press, which says that the forex reserves rose more than five percent in two months to reach this high watermark. In May the Forex numbers rose by US $30 billion and in April US $19.9 billion. Prior to the growth spurt the Forex reserves in China were at $875.1 billion. China has been the world leader in foreign exchange reserves since February, when it overtook Japan. State press anticipates that China's reserves will top US $1 trillion this year.


08, October 2006 - The New Oil Boom
Searching for an investment opportunity that involves oil alternatives is a logical move, but recent studies have shown there are other oil opportunities that could prove to be highly profitable.
24, September 2006 - US Congress Approves Oman Trade Pact
In a 63 to 31 vote, the United States Senate put its seal of approval on a free trade agreement with the Arabian Gulf state of Oman.
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Symbol Rate
GBP:CHF 2.007608
GBP:JPY 182.222212
GBP:USD 1.757198
NZD:USD 0.658397
EUR:CAD 1.503413
EUR:CHF 1.557680
EUR:GBP 0.775889
EUR:JPY 141.384148
EUR:USD 1.363390
AUD:JPY 80.415028
AUD:USD 0.775455
USD:CAD 1.102702
USD:CHF 1.142505
USD:JPY 103.700427
USD:SEK 7.185028

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