New Delhi: Russia and India plan to drop all use of the US dollar and the euro in bilateral settlements and conduct all trade transactions in rupee and rouble, a senior Russian official has said. While it’s a fundamental decision by both sides, it is necessary to address the imbalance in trade for a full-fledged … Read more
Asian shares rose and bond yields firmed in early trade on Tuesday despite mild losses from Wall Street overnight as investors turned their focus to the Federal Reserve’s policy meeting this week for hints on what comes next. The central bank is all but certain to raise interest rates by 75 basis points on Wednesday, … Read more
LONDON- The pound on Friday tumbled to a fresh 37-year low on the U.S. dollar, and a 17-month trough on the euro, after weaker-than-expected figures of retail sales added to worries about the health of Britain’s economy. The pound fell more than 1% against the dollar to 1.1351, its lowest since 1985, its fall accelerating … Read more
Spot gold closed Friday with a gain of nearly 0.50% at $1717.10 as the US Dollar Index retreated 0.67% to close at 108.97. A confluence of factors led to a decline in the Dollar Index, none of which may last for long. The dollar fell as the US treasury secretary Ms Yellen commented that the … Read more
The euro hovered near a two-decade low against the dollar on Thursday as Europe’s energy woes cast a long shadow over the economic outlook. The euro was about flat at $1.01845 after sinking as low as $1.01615 on Wednesday, for the first time since late 2002. The dollar index – which measures the currency against … Read more
TOKYO: The dollar hovered near a two-decade high against major peers on Wednesday, ahead of a key reading on inflation that should provide clues on how aggressive the Federal Reserve will be in tightening monetary policy. The dollar index, which measures the currency versus six rivals, was around flat at 103.92, not far from the … Read more
HONG KONG: The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12% from Friday’s close, but couldn’t break far … Read more
HONG KONG: The euro held at a one-month high against the dollar on Thursday, having rallied on hopes the war in Ukraine might be entering a new de-escalating phase, while the yen was set for its worst month since November 2016. The European single currency was at $1.1175 holding its highest in a month, having … Read more
SINGAPORE: The euro was weighed down on Thursday after a U.S. official said Russia was increasing troop numbers near its border with Ukraine rather than withdrawing, offsetting a boost it had caught overnight from a modest retreat in U.S. rate hike expectations. The standoff on Europe’s eastern edge is one of the deepest crises in … Read more
“Sam has shown us all what a true hero he really is, by putting his own once-in-a-lifetime opportunity to see England play at Wembley aside, to give someone with blood cancer or a blood disorder their best chance at survival and we simply cannot thank him enough,” Anthony Nolan Trust’s chief executive Henny Braund said. … Read more