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Archive for the May 16, 2017

  • China's main stock index rose for the third straight session on Monday after a five-week losing streak, as concerns over tighter financial regulations and liquidity eased after Beijing's soothing comments. The blue-chip CSI300 index rose

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    • News Desk
    • May 16th, 2017
    • Comments Off on European shares supported by oil bounce; cybersecurity stocks gain

    European shares edged higher on Monday, helped by a bounce in oil prices and fresh dealmaking activity, while a global hacking attack boosted shares of software security firms. The pan-European STOXX 600 index was up

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  • Australian shares ended steady on Monday as financials and telecom stocks held on to their gains, while Fairfax Media soared on a takeover bid. A weak materials sector pressured the S&P/ASX 200 index, which closed

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  • Sri Lankan shares ended marginally lower on Monday, slipping from a near one-year high hit last week, as investors waited for some clarity after the finance ministry said a new tax structure is being considered

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    • News Desk
    • May 16th, 2017
    • Comments Off on Oil stocks drive FTSE to new record high, 8th session of straight gains

    Britain's main share index climbed to a new record high on Monday, fuelled by oil and mining stocks, and cybersecurity firm Sophos jumped after a ransomware attack hit companies, hospitals and schools worldwide. The FTSE

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  • China's yuan steadied against the US dollar on Monday, with investors undeterred by weaker-than-expected April activity indicators as authorities signalled intentions to keep the currency market stable. The People's Bank of China set the midpoint

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  • The dollar started the week on the defensive on Monday after US economic data came in shy of expectations and another missile test by North Korea at the weekend underpinned the perceived safe-haven yen. The

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    • News Desk
    • May 16th, 2017
    • Comments Off on Early trade in New York: Dollar slips against number of currencies

    The dollar fell on Monday, touching lows against a number of currencies after a weak US manufacturing report compounded a bounce in commodities prices that drove the greenback lower. The New York Federal Reserve's barometer

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    • News Desk
    • May 16th, 2017
    • Comments Off on Canadian, Aussie dollars driven higher in Europe

    The Canadian dollar hit its highest level in over two weeks and the Australian dollar hit a 12-day high on Monday as a bounce in oil prices drove a recovery in major commodity-linked currencies. Saudi

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  • Interbank buy/sell rates for the taka against the dollar on Monday. 80.50-80.53 (previous 80.50-80.50). Copyright Reuters, 2017

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