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NEW YORK (Reuters) - The dollar and yen fell on Friday as Wall Street rebounded and reports that banking giant Citigroup was mulling a merger helped quell some of the market's worst fears about the financial crisis. The more relaxed mood prompted ...
Read moreWhen panic gripped the domestic financial market in the wake of the collapse of U.S. investment bank Lehman Brothers on Sep.15, the government made all-out efforts to protect the market with pouring a total 133 trillion won for financial market and ...
Read moreBOGOTA (Dow Jones)--The credit crisis and the slump in the price of crude will slow investment in Colombia's oil industry in 2009, though investment is seen increasing, the head of the country's hydrocarbons agency said this week. The economic ...
Read moreMEXICO CITY, Nov 21 (Reuters) - Foreign investment in Mexico fell 15.4 percent in the first nine months of 2008 amid a global financial crisis and a recession in the United States, Mexico's top trading partner, the government said. Foreign companies ...
Read moreIn addition, the US dollar has strengthened against most international currencies in recent months. On November 14, the rupee had closed at 49.01 against the US dollar, 2.83 per cent lower than the closing level of 47.66 on November 7. During the ...
Read moreChina’s largest investment conglomerate will inject $1.5bn into its Hong Kong-listed arm and relieve the company of currency contracts that could have cost it billions of dollars. China International Trust and Investment Corp will purchase ...
Read more2008-11-17 19:28:38 - From last few months, it seems as if entire formulas in economics books are absurd. The world is facing worst ever economic recession period. Off course, it has also left adverse affect upon forex trading strategies. So ...
Read moreMUMBAI: The fall in India’s foreign exchange reserves continued for yet another week as the Reserve Bank of India sold dollars to meet buyers’ demand. The forex kitty saw an outflow of $1.5 billion during the week ended November 7. The government ...
Read moreChina will remove export taxes on 102 items including steel products, corn and barley from December 1, the government said, as it strives to shore up exports amid the global economic troubles. It will cut export taxes on another 54 items such as ...
Read moreNEW DELHI: India's foreign exchange reserves, having peaked at $314.62 billion in May, dropped by over $44 billion in the past two months, thanks to the widening trade deficit and FIIs pulling out of emerging markets with worsening global crisis ...
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