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Archive for  December 2012

  • South Korean shares barely moved on Monday, with turnover hitting the lowest in nearly six months ahead of the Christmas holiday and uncertainty over US fiscal negotiations. But Samsung Electronics gained 2.2 percent, rebounding from

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    • News Desk
    • Dec 25th, 2012
    • Comments Off on Britain’s FTSE creeps higher as banks, commodity stocks gain

    Britain's top shares edged higher on Monday in a quiet half session before the Christmas break, with some strength seen from banks and commodity stocks, though uncertainty over US budget talks could limit near-term gains.

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  • The yen fell and neared a 20-month low versus the dollar on Monday after incoming premier Shinzo Abe renewed pressure on the Bank of Japan (BoJ) to adopt a 2 percent inflation target. The yen,

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    • News Desk
    • Dec 25th, 2012
    • Comments Off on Dollar slides in thin trading; yen weakens as well

    The dollar skidded on Monday in thin trading as investors locked in profits ahead of the Christmas holiday, although losses could be limited by continued uncertainty about the ongoing US budget talks to avert a

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  • The yen fell on Monday to trade near a 20-month low against the dollar after incoming prime minister Shinzo Abe heaped fresh pressure on the Bank of Japan to adopt a higher inflation target. The

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    • News Desk
    • Dec 25th, 2012
    • Comments Off on Bangladesh’s interbank forex, interest rates

    Interbank buy/sell rates for the taka against the dollar on Monday. 79.90-80.00 (previous 80.00-80.01). Call Money Rates: 09.00-10.00 percent (previous 7.00-11.00 percent). Copyright Reuters, 2012

  • Most emerging Asian currencies edged down on Monday in subdued pre-holiday trade as concern over a US fiscal crisis caused investors to turn to the safe-haven dollar. The Malaysian ringgit and the Singapore dollar slid

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  • China's yuan closed slightly weaker in active trading on Monday due to higher dollar demand as the year-end approaches, traders said. The Chinese currency was also weakened by a softer midpoint fixing by the People's

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  • The Indian rupee reversed its early losses to close stronger against the dollar on Monday in thin trade, aided by custodial flows and dollar sales by software exporters. Traders expect the rupee to continue to

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    • News Desk
    • Dec 25th, 2012
    • Comments Off on Sterling drops to 7-1/2 month low versus euro

    Sterling fell to a 7-1/2 month low against the euro in thin trading on Monday, as lingering doubts over a UK recovery kept alive the possibility of more monetary easing in the New Year. The

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