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Archive for the November 3, 2005

  • Argentine stocks ticked higher on Tuesday as investors bet on improved earnings in the bank sector and shrugged off a widely expected US interest rate increase, traders said. The MerVal index of the leading 12

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    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Philippines bourse revises index composition

    The Philippines Stock Exchange said on Wednesday it will adopt a revised 30-company composite index by December 1 to more accurately reflect market activity. The bourse said more changes are expected in the composite index

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  • Philippines share prices closed 2.37 percent higher to a near three-month peak on Wednesday as investors cheered the implementation of an expanded value-added tax (VAT) designed to shore up the government's fiscal position, dealers said.

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  • Singapore share prices closed 1.75 percent higher on Wednesday as investors, emerging from a public holiday, snapped up blue chip stocks to catch up with gains in other key Asian markets, dealers said. The Straits

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    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Tokyo index hits five-year closing high in record trade

    Tokyo's broad benchmark TOPIX index edged up to a five-year closing high on Wednesday as major banks, such as Mitsubishi UFJ Financial Group Inc, extended recent gains on earnings optimism. But pre-holiday selling on the

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    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Bangladesh interbank forex, interest rates

    Interbank buy/sell rates for the taka against the dollar on Wednesday. 65.75 (previous 65.75). Call Money Rates: 12.50-25 percent (previous 5.25-12.00 percent). Copyright Reuters, 2005

  • China's yuan strengthened slightly against the dollar on Wednesday partly on profit-taking as the US currency slid on global markets after several days of gains. Traders said the yuan's gains also indicated that China's central

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    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Swiss franc bounces back slightly from dollar surge

    The Swiss franc recovered slightly against the dollar in early trading on Wednesday after the US Federal Reserve raised interest rates for the 12th straight time and indicated more rises would follow. The dollar has

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    • News Desk
    • Nov 3rd, 2005
    • Comments Off on US yield appeal drives dollar to two-year high versus yen

    The dollar scored a two-year high against the yen on Wednesday after the Federal Reserve raised interest rates for the 12th straight time a day earlier and signalled even more credit tightening was ahead. The

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    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Dollar mixed after Fed raises rates again

    The dollar edged higher against the yen but slipped against the euro on Tuesday after the Federal Reserve raised interest rates again, as expected, and signalled no end in sight to its inflation-curbing campaign. The

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