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Archive for  December 2012

    • News Desk
    • Dec 19th, 2012
    • Comments Off on Early trade in New York: euro hits 7-1/2-month high

    The euro rose to its highest in more than seven months against the dollar and hovered near a nine-month peak versus the yen on Tuesday as signs of progress in US budget negotiations lifted overall

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  • The yen dropped to a 20-month low against the US dollar on Monday after Japan's Liberal Democratic Party won a landslide election victory that leaders promise will usher in aggressive monetary easing policies to weaken

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    • News Desk
    • Dec 19th, 2012
    • Comments Off on Bangladesh’s interbank forex and interest rates

    Interbank buy/sell rates for the taka against the dollar on Tuesday. 80.20-80.25 (previous 80.25-80.36). Call Money Rates: 10.50-11.00 percent (previous 7.00-11.50 percent). Copyright Reuters, 2012

    • News Desk
    • Dec 19th, 2012
    • Comments Off on Australian and New Zealand dollar up versus yen

    The Australian and New Zealand dollars held firm against the yen on Tuesday, with the kiwi within easy reach of a four-year peak, as pressure grew for the Bank of Japan to ease policy aggressively

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    • News Desk
    • Dec 19th, 2012
    • Comments Off on Fears of intervention subdue Asian forex

    Emerging Asian currencies were mixed on Tuesday, as caution over possible intervention by regional central banks seeking to stop their currencies firming too far deterred buyers. Otherwise, the currencies could have struck a firmer tone

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  • China's yuan ended the day flat on Tuesday in average volume as global currency markets awaited signs of progress on the US "fiscal cliff" impasse. The yuan closed at 6.2324 per dollar, 0.04 percent firmer

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  • The Indian rupee dropped for a fifth straight day, weakening to its lowest level in three weeks on Tuesday as heavy dollar demand from oil and defence firms offset inflows into the domestic stock markets.

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    • News Desk
    • Dec 19th, 2012
    • Comments Off on Napoli docked two points in match-fixing probe

    Napoli have been docked two points and fined 70,000 euros ($92,000, 57,000 pounds) in connection with a long-running probe into illegal betting, the Italian football federation (FIGC) said on Tuesday. The southern Italy club's captain

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    • News Desk
    • Dec 19th, 2012
    • Comments Off on Cazorla treble lifts Arsenal gloom in Reading rout

    Santi Cazorla scored a hat-trick to lift Arsenal's spirits as the Gunners bounced back from their League Cup humiliation with an emphatic 5-2 victory at Reading on Monday. Spanish midfielder Cazorla struck twice in the

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    • News Desk
    • Dec 19th, 2012
    • Comments Off on UK Sport splash cash in bid for success in Rio

    British athletes will benefit from a £347million ($563 million) funding boost as UK Sport chiefs aim to dominate the 2016 Rio Olympics after this year's successful London Games. The record cash injection is an 11

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