Tag Archives: currency

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US dollar hits highest level of country’s history against Pakistani Rupee

03 March, 2020 3:03 pm 3:03 pm

KARACHI (92 News) – US dollar hits highest level of country’s history against Pakistani Rupee as Pakistan’s central bank lost its clutch on the US dollar as it appreciated to Rs166.13—its highest ever on Thursday. The value of the US dollar against the rupee rose Rs4.53 to Rs166.13 in the interbank market. The dollar rate … Read More

Asian shares, trade, Christmas, investors, currency, us, gold, fraction, pound

Asia stocks digest meaty gains, sterling starved for love

12 December, 2019 8:13 am 8:13 am

SYDNEY (Reuters) – Asian shares snoozed near 18-month highs on Friday as trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was a fraction firmer in early trade, having gained 1.2% for the … Read More

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Facebook’s Zuckerberg grilled in US Congress on digital currency, pri...

10 October, 2019 9:03 am 9:03 am

WASHINGTON (Reuters) – Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical US lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people. Sporting a suit and tie, Zuckerberg also … Read More


No plans to ban Facebook’s Libra: ECB’s Coeure says

10 October, 2019 9:31 pm 9:31 pm

FRANKFURT (Reuters) – Global financial regulators have no plan to ban Facebook’s Libra or other stablecoins, but these digital tokens backed by official currencies will have to meet the highest regulatory standards, European Central Bank director Benoit Coeure said in an interview published on Thursday. His comments provide a rare ray of light for Facebook’s … Read More


PayPal becomes first member to exit Facebook’s Libra Association

10 October, 2019 9:43 am 9:43 am

WASHINGTON (Reuters) – US payments processor PayPal Holdings Inc said it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and would instead focus on its own core … Read More

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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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

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

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

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

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

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

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

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