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MUSCAT -- The oil and gas sector continues to play a predominant role in the overall economic performance of Oman accounting for over 50 per cent of nominal gross domestic product (GDP), almost 80 per cent of net fiscal revenue...
The Greenback had a disappointing week, dropping against all major currencies. Latest data released on Friday showed unemployment rising to a 26-year high of 10.2%, thus preventing risk appetite as stock continued to climb...
A QUESTION OF BUSINESS By P GUNASEGARAM WHO says we don’t top any lists. We have the dubious distinction of coming out top on The Economist’s ranking of most undervalued currencies among 37 developed and developing countries...
Nov 07, 2009 (LBO) - The International Monetary Fund (IMF) has approved a 413.4 million US dollar tranche under its stand by loan, despite the government failing to meet a key budget constraint, the lender said. Sri Lanka has a...
The picture is familiar - higher oil prices, a lower US dollar, and rising US stocks. Missing from the picture is the leverage taken in China and related to monetary expansion there - and what happens once that expansion is...
Friday, November 06, 2009 (New Delhi) The key benchmark indices extended last two days' strong gains as US dollar fell against a basket of major currencies. BSE clocked a turnover of Rs 5997 crore, higher than Rs 5972.13 crore...
Continuing its rising streak for the third straight session, the Indian rupee on Friday closed higher by 22 paise at 46.80/81 against the US currency on persistent dollar selling by exporters and banks amid a strong equity market.
After India's central bank gobbled up half of the gold (200 metric tons) the IMF recently offered for sale, gold surged 2.4% on Tuesday to a new all-time nominal high near $1085. Naturally traders flooded into the gold stocks...
KUALA LUMPUR: The US dollar will continue to weaken in the medium term as the risk appetite of investors increase with global economies on the mend, said OCBC Bank (M) Bhd head of global treasury Gan Kok Kim.
by: Graham Summers November 06, 2009 | about: Few essays I’ve ever written have drawn as much ire as the ones in which I propose that the US Dollar might rally. The US Dollar is indeed hated, so hated that people will hate you...
