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Archive for  February 2005

  • The yuan ended flat at 8.2765 per US dollar on Thursday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 2,920 points, implying a

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Swiss franc firms versus dollar after Greenspan

    The Swiss franc strengthened in early European trade on Thursday after markets digested comments from US Federal Reserve Chairman Alan Greenspan. The dollar had gained across the board on Wednesday after Greenspan signalled further increases

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Dollar falters after Greenspan fails to inspire

    The dollar faltered on Thursday, failing to capitalise on Federal Reserve Chairman Alan Greenspan's indication the previous day that US interest rates would continue to rise. Much of what Greenspan said in his closely watched

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Dollar surrenders gains after Greenspan speaks

    The dollar pared gains and was little changed against the euro on Wednesday as Federal Reserve Chairman Alan Greenspan signalled further increases in US interest rates but offered no clues on their pace or timing.

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Bangladeshi taka dips versus dollar due to import needs

    The Bangladeshi taka eased a little on Thursday after dealers sought US dollars for payment of import bills ahead of the weekend, dealers said. The taka was quoted at 63.15/63.70 per dollar from 63.15/63.50 on

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Asian currencies: peso gains as Moody’s downgrade seen excessive

    The Philippine peso gained half a percent on Thursday, recovering from a drop sparked by a Moody's downgrade on Wednesday as analysts said the country's economic outlook was healthier than the agency had suggested. The

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Kuwaiti firm gets $3.3 billion Pentagon deal

    Kuwait-based Public Warehousing Co won a US Defence Logistics Agency contract worth up to $3.27 billion for "subsistence items" for US armed forces, the US Defence Department announced Wednesday. Work also will be performed in

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Natural disaster death toll jumps to 320,000 in 2004

    The Indian Ocean tsunami has caused the annual death toll from natural disasters to soar to 320,000 world-wide, more than four times the toll from the previous year, a research institute said on Thursday. Natural

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Myanmar reopens charter talks, rebel group boycotts

    Military-ruled Myanmar's constitution-drafting National Convention restarted on Thursday after a seven-month monsoon break in which critics say its shaky democratic credibility has been eroded further. With opposition icon Aung San Suu Kyi under house arrest

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Croatia to co-operate with war crimes court

    Croatia will whatever it can to co-operate with the UN war crimes court over the case of fugitive general Ante Gotovina, the Croatian foreign ministry said in a letter to the EU presidency. "The government

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