• Indian Investors Desert Equity Funds For Debt

    July 04 2013 4:42 AM

    Mutual funds in India managed more assets than ever in the April-June quarter, as investors, betting on rate cuts, rushed to bond funds.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    July 03 2013 1:19 PM

    USD and Yen stronger as tensions in Egypt increase risk aversion EUR faces pressure over peripheral country concerns Commodity currencies weaken as oil prices break $100

  • How Far Can Your Dollar Get You In Myanmar?

    July 03 2013 10:44 AM

    Nowhere, if the bills show any signs of wear, stain or other baffling imperfections.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    July 02 2013 3:53 PM

    USD is broadly stronger ahead of this Friday’s jobs report EUR is relatively flat against dollar ahead of Thursday’s ECB meeting Commodity currencies are weaker as the BoC and RBA seem unlikely to tighten economic policy

  • Winklevoss Twins Increase Bitcoin Involvement, File IPO Plan

    July 02 2013 7:05 AM

    The Winklevoss twins row out to deeper waters as they put their collective heft behind virtual currency Bitcoin.

  • Antonis Samaras Faces Troika to Unlock Next Aid Installment

    July 01 2013 7:52 AM

    Greek Prime Minister Antonis Samaras found himself under fire in June after he made painful job cuts at state broadcaster ERT. Following the decision, the public was outraged and the nation was thrown into political turmoil as the Democratic Left party demonstrated its dissent by withdrawing from the government. The political party said the cost of overhauling the nation's public sector was not worth the payout.

  • Weakening Chinese Economy Weighs on Brent Prices

    July 01 2013 7:47 AM

    Brent crude oil started July on its back foot on Monday as the commodity slipped on weakening demand prospects and a stronger dollar. Brent traded at $102.08 at 6:06 GMT on Monday morning, barely scraping above the $102 mark as investors eyed more poor Chinese data. CNBC, reported that a private HSBC survey showed that China's manufacturing activity slipped on June, which added to growing concern that the number two oil consumer was slowing down.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 27 2013 1:27 PM

    USD is broadly stronger across most major currencies on better US data GBP is lower after data showed contraction in domestic growth JPY is weaker against the dollar after the selloff in Japanese stocks and bonds

  • Draghi Says the ECB Will Continue to be Accommodative

    June 27 2013 8:15 AM

    The euro dipped below $1.30 for the first time in nearly a month in the early hours of Thursday after comments from the European Central Bank underscored some of the risks to the region's growth. Bank President Mario Draghi remarked that the ECB would continue with accommodative monetary policy as the region's future growth is expected to be fragile.

  • Indian Conglomerate Essar Group To Gain From Rupee's Fall

    June 27 2013 4:58 AM

    The Indian rupee's recent free fall -- more than 10 percent in 2013 -- will benefit India's $27B Essar Group.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 26 2013 5:00 PM

    US dollar under pressure on revised softer Q1 GDP Euro extends losses on ECB Draghi comments Yen strengthens amid China concern

  • Euro Falls Against Stronger Dollar

    June 26 2013 8:23 AM

    The euro fell against a stronger dollar as eurozone leaders headed into a summit meeting on Thursday. The common currency was trading at $1.3078 on Wednesday morning despite positive consumer sentiment data in Germany. German consumer sentiment rose to its highest level in nearly six years in June, and estimates show it will continue to rise in July.

  • Gold Outlook Weakens On Signs Of US Recovery

    June 24 2013 7:33 AM

    Gold prices are expected to drop lower this week as a sell-off in gold ETFs continues and after Goldman Sachs lowered forecasts for 2013 and 2014.

  • Indian Markets Refuse To Be Talked Up

    June 24 2013 2:53 AM

    Fears about the US Fed's bond-buying program weaken Indian markets and currency, prompting an exodus of overseas investors in June.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 21 2013 1:21 PM

    US dollar supported on prospects of Fed scaling back stimulus Sterling slides vs USD on Fed announcement Antipodean currencies take a break from slide against USD

  • PMI Data Gives Hope to Eurozone Recovery

    June 21 2013 8:45 AM

    Recent purchasing managers' data is suggesting that the eurozone could be on the road to recovery. The region has been stuck in its longest postwar recession, but new data suggested that the region could show weak growth by the end of the year.

  • Asian Markets Turn Volatile On Friday

    June 21 2013 4:15 AM

    Asian markets moved sharply in either direction Friday as global markets come to grips with a post-QE world in the foreseeable future.

  • Brazil Deals With Mass Protests, Plunging Currency

    June 21 2013 3:41 AM

    Protests in Brazil swelled to more than 1 million people amid panic in the country's financial markets and a nose-diving currency.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 20 2013 1:49 PM

    USD – The US dollar strengthened against major currencies and looked set to extend gains after the Federal Reserve signaled it would begin withdrawing stimulus this year as the U.S. economy improves. Market participants re-engaged in support for the greenback after Fed Chairman Ben Bernanke (following the central bank's two-day policy meeting that concluded yesterday) said the Fed was likely to end its bond-buying program by mid-2014. The prospect of less quantitative easing and higher interest rates should support the dollar, especially in an environment where some other central banks are moving in the opposite direction.

  • Eurogroup Expected to Agree on Direct Recapitalization Terms

    June 20 2013 10:26 AM

    The euro slipped from its four month high on Wednesday and continued the slide into Thursday morning after the US Federal Reserve confirmed that it would probably begin to taper its bond buying program at the end of the year.