Tag Archives: currency


People, confidence, currency, dollar, shifted, abroad, Zardari

People lost confidence in currency, dollar being shifted abroad: Zardari

06 June, 2019 4:31 pm 4:31 pm

ISLAMABAD (92 News) – Former president Asif Zardari said that the people have lost confidence in currency while dollar is being shifted abroad. Talking to the media on Thursday, the PPP had also talked to the International Monetary Fund (IMF), but on the conditions of Pakistan. He said that the PPP will show its power … Read More



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privacy facebook cryptocurrency political backlash

Facebook called before Senate panel over digital currency project

06 June, 2019 8:52 am 8:52 am

WASHINGTON (Reuters) – Facebook Inc’s plans to create a global cryptocurrency will face scrutiny from the US Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project. The hearing will explore the project, dubbed Libra, as well as any data privacy considerations it … Read More



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US draws China FX into trade dispute as IMF calls for resolution

10 October, 2018 9:17 am 9:17 am

NUSA DUA, Indonesia (Reuters) – The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of world policy makers who pledged to do more to safeguard global growth. China’s central bank governor … Read More



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IMF cuts world economic growth forecasts as import tariffs, emerging market...

10 October, 2018 9:45 am 9:45 am

NUSA DUA (Reuters) – The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The new forecasts, released on the Indonesian … Read More



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Dollar slips, yen strengthens on Trump’s Fed criticism

08 August, 2018 8:47 am 8:47 am

TOKYO (Reuters) – The dollar slipped against the yen and a basket of major peers on Tuesday after US President Donald Trump said he was “not thrilled” with Federal Reserve Chairman Jerome Powell for raising interest rates. The dollar was also soft as investors pulled out of the safe-haven currency ahead of anticipated talks this … Read More



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US tariffs to stay on Turkey, Qatar offers Ankara aid

08 August, 2018 8:51 am 8:51 am

ISTANBUL (Reuters) – The United States ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a US pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities little incentive to … Read More



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Asia shares, euro under water as Turkish lira sinks

08 August, 2018 8:15 am 8:15 am

SYDNEY (Reuters) – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the US dollar, Swiss franc and yen. Japan’s Nikkei lost 1.3 percent and MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1 percent as bourses … Read More



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Euro soft as investors bid up safe havens on Turkish crisis

08 August, 2018 8:10 am 8:10 am

TOKYO (Reuters) – The euro was on the defensive on Monday after touching a 13-month low against the dollar as investors bid up safe havens such as the US dollar and the yen on worries about the exposure of European banks to crisis-hit Turkey. After hitting a record low of 7.24 against the dollar early … Read More



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Trade tensions torpedo oil, US sanctions hammer Russian rouble

08 August, 2018 8:21 am 8:21 am

SYDNEY (Reuters) – Asian shares were subdued on Thursday after a new round of tit-for-tat tariffs in the US-Sino trade conflict torpedoed oil prices, while the Russian rouble tumbled as the US slapped fresh sanctions on the country. MSCI’s broadest index of Asia-Pacific shares outside Japan barely budged as caution dominated. Japan’s Nikkei slipped 0.5 … Read More



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