Search Results for 'US'

China and Japan agree currency push

China and Japan will promote the use of their currencies for trade and investment, according to an agreement that analysts said was largely a symbolic move as it was short on details. The two Asian economies said that they wanted to reduc [...]

Posted On : Dec, 28 2011 | Comments : 0

Fake currency racket busted in Hyderabad; six held

City Police on Sunday claimed to have busted a counterfeit currency racket with the arrest of six members and seized fake Indian currency notes of varying denominations totalling Rs 1.33 lakh. The sleuths of commissioner's task force, [...]

Posted On : Dec, 19 2011 | Comments : 0

One currency works in US but not in Europe - for some good r...

Europe is now struggling with the inevitable adverse consequences of imposing a single currency on a very heterogeneous collection of countries. But the budget crisis in Greece and the risk of insolvency in Italy and Spain are just part o [...]

Posted On : Dec, 05 2011 | Comments : 0

Pakistan’s currency new low amid rising tensions with US aft...

Pakistan’s rupee headed for the biggest weekly loss in three years and stocks fell as investors shunned the nation’s assets amid mounting tensions with the US. A US-led NATO airstrike killed 24 Pakistani troops on the northwes [...]

Posted On : Dec, 03 2011 | Comments : 0

CURRENCY MARKET FOCUS Adieu Mr Euro?

The more things change, the more they stay the same, at least in the EMU horror story as governments tumble, contagion and bank-run fears cross the atlantic, and investor greed gives way to fear on anything remotely linked to the fate of [...]

Posted On : Nov, 21 2011 | Comments : 0

Australian Currency Falls Against Dollar on Italy Debt Conce...

The Australian dollar dropped against its U.S. counterpart as concern the European sovereign-debt crisis is spreading to Italy sapped demand for riskier assets. The Aussie advanced earlier along with the New Zealand dollar after Greek [...]

Posted On : Nov, 08 2011 | Comments : 0

Foreign Exchange Rates : Currency Predictions - GBP, USD, EU...

UK Q2 current account data released earlier showed that the gap between British imports and exports is narrowing. The data was far better than anticipated, taking the Pound higher against almost all of the other major currencies on the da [...]

Posted On : Oct, 26 2011 | Comments : 0

China says US yuan vote could set off trade war

US lawmakers defied warnings from Beijing and the White House to approve the measure, which leaders of the Republican-led House of Representatives also warn could lead to a trade war between the world's two largest economies. Repub [...]

Posted On : Oct, 15 2011 | Comments : 0

FOREX-Euro dips; Aussie climbs on jobs surprise

The euro dipped on Thursday, taking a breather after rallying to a one-month high the previous day, with market players saying the single currency may eke out more gains ahead of a European Union summit next week. The Australian dollar [...]

Posted On : Oct, 13 2011 | Comments : 0

Beijing tells US to stop pressuring China

China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation. The proposal, powered by a tide of US voter anger [...]

Posted On : Oct, 10 2011 | Comments : 0

China tests US with currency move

Just as the chances have risen in the US for the passage of a bill that would penalise China for currency intervention, Beijing has put the brakes on renminbi appreciation, raising the spectre of a bitter dispute between the world’s [...]

Posted On : Oct, 06 2011 | Comments : 0

Foreign Exchange Rates : Currency Predictions - GBP, USD, EU...

POUND STERLING Sterling received a fillip earlier today when leading credit ratings agency S&P confirmed the UK’s AAA debt rating. On the debit side, S&P’s report also noted that the UK’s economic recovery was ‘ [...]

Posted On : Oct, 04 2011 | Comments : 0

China currency vote puts pressure on White House

When Senate Majority Leader Harry Reid (D-Nev.) was asked this week when the chamber would move President Barack Obama’s much-hyped jobs bill, he punted. “We’ll get to that,” he said, but first, “I don’ [...]

Posted On : Sep, 28 2011 | Comments : 0

US Senate to move next week on China bill

The US Senate will move forward next week with a bill to punish China over its alleged currency manipulation, Democratic Majority Leader Harry Reid said, predicting the legislation will pass. "China trade is a jobs bill that's be [...]