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As the fallout from the U.S. subprime mortgage crisis widens, experts warn that Korean banks are under threat of foreign currency losses from their investment in bonds issued by American mortgage lenders Fannie Mae and Freddie Mac. If those two ...
Read moreTOKYO (Dow Jones)--Japan's imports of crude oil and condensate in July rose 2.8% on year to 20.3 million kiloliters, or 4.12 million barrels a day, the Ministry of Finance said Thursday. The yen-denominated value of the customs-cleared crude and ...
Read moreIn last week's article, I mentioned that the sharp move lower in the Euro - U.S. Dollar currency pair (EUR/USD) still had room to run, and that "Euro has a very good chance to break this new support level" (near 1.4950) based on the velocity of the ...
Read moreTORONTO (Reuters) - The Canadian dollar ended flat against the U.S. dollar Wednesday, taking a hit from June retail sales data and a retreat by oil prices later in the session, which gave traders an opportunity to take profits on the greenback. Bond ...
Read moreHeading into the close for Monday the USD is slightly mixed as pressure from equities rubs a little shine off the bull's horns; most of the major pairs are slightly lower to about unchanged on the day. Although sentiment remains firm for the ...
Read moreThe rupee is now within a striking distance of the 44-mark versus the greenback. On Wednesday, the local currency fell to 43.87 levels during the day, but timely intervention from RBI prevented the rupee from losing further ground against the dollar ...
Read moreMUMBAI: After the rise, the fall! The Indian rupee is facing increased downward pressure with the government’s trade deficit rising on account of high crude oil price, which has also led to double digit inflation. FII outflows from the stock market ...
Read moreBangalore: The government is set to regulate transport of cargo by air, a senior commerce ministry official told a meeting of representatives from trade and cargo associations. Cargo services at airports have been included in the draft Airports ...
Read moreHONG KONG, Aug 20 (Reuters) - Hong Kong shares are seen heading south on Wednesday from their lowest close in a year, hit by a second losing session on Wall Street as credit worries continue to haunt local stocks and mainland markets. "The market ...
Read moreCrowds gathered in the streets, dancing to the frenzy of drumbeats, distributing sweets and firing gunshots in the air as Pakistani president Pervez Musharraf announced his resignation after ruling with absolute power for almost nine years. But ...
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