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Archive for the May 12, 2017

    • News Desk
    • May 12th, 2017
    • Comments Off on Dollar climbs to eight-week high against yen in New York

    The dollar climbed to eight-week highs against the safe-haven yen on Wednesday, bolstered by the surge in oil prices and a modest recovery in US Treasury yields after a particularly soft 10-year note auction. Another

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  • Interbank buy/sell rates for the taka against the dollar on Wednesday. 80.50-80.50 (previous 80.47-80.48). Copyright Reuters, 2017

  • China's yuan weakened against the US dollar on Thursday, despite major state-owned banks offering dollar liquidity to meet corporate demand for the greenback, traders said. The People's Bank of China set the midpoint rate at

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    • News Desk
    • May 12th, 2017
    • Comments Off on Asian currencies tread water on caution

    Asian currencies were slightly positive on Thursday in the absence of broad catalysts to lift them higher, while caution prevailed on concerns over North Korea and President Donald Trump's abrupt firing of FBI Director James

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  • Mexico's and Brazil's currencies closed stronger on Wednesday after US President Donald Trump unexpectedly fired FBI director James Comey, fuelling expectations of delays in the implementation of the government's economic agenda.Trump has pledged to spend

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    • News Desk
    • May 12th, 2017
    • Comments Off on Sterling hits one-week low against dollar

    Sterling fell to a one-week low against the dollar on Thursday after the Bank of England's inflation report showed interest rates were unlikely to rise within the next two years. Although the BoE said it

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  • The New Zealand dollar skidded to 11-month lows on Thursday after the Reserve Bank of New Zealand (RBNZ) wrong-footed Kiwi bulls by keeping a neutral bias at its policy review where it held interest rates

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  • Former India batsman V.V.S. Laxman has been elected an honorary life member of Marylebone Cricket Club, it was announced on Thursday. Laxman joins fellow former India top-order team-mates Sachin Tendulkar, Rahul Dravid and Sourav Ganguly

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    • News Desk
    • May 12th, 2017
    • Comments Off on Murray bows out as Djokovic marches on

    World number one Andy Murray's slump in form continued as he crashed out of in the Madrid Masters third round 6-3, 6-3 to lucky loser Borna Coric on Thursday. Defending champion Novak Djokovic did ease

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  • All-rounder Mohammad Nawaz Thursday appeared before the Pakistan Cricket Board's Anti-Corruption Unit (ACU), to explain his position over the Pakistan Super League (PSL) spot-fixing scandal. During the hearing, PCB's ACU questioned the cricketer in connection

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