Wednesday, 27 May 2015


  • Liquidity squeeze halves BoB's interest expenses

    16:52 | 27/5/15
    Mmegi Online
    The Bank of Botswana (BoB) last year cut down its interest expenses by almost 50 percent as the liquidity-starved commercial banks ran short of funds to invest in the Bank of Botswana Certificates (BoBCs). more»
  • Yuan tops payments with China, Hong Kong in Asia Pacific-SWIFT

    16:18 | 27/5/15
    Payments in yuan exchanged with China and Hong Kong within Asia Pacific increased by 327 percent in April from three years ago, surpassing the Japanese yen, Hong Kong dollar, U.S. dollar and Australian dollar. Most Asian countries have moved from ... more»
  • Indian rupee breaches 64 mark, down 17 paise vs US dollar

    16:07 | 27/5/15
    Financial Express
    Continuing its weakness for the third straight day, the Indian rupee dropped below the 64 mark, falling 17 paise, to quote at 64.15 against the US dollar in early trade today at the Interbank Foreign Exchange as the American currency firmed up overseas ... more»
Recent News
  • Yuan Now Most-Used in Asia for Payments to China, Swift Says

    15:45 | 27/5/15
    Singapore, Taiwan and South Korea have adopted the yuan -- officially known as the renminbi -- for the majority of payments to the Greater China region, according to Michael Moon, head of Asia Pacific payments at Swift. more»
  • Indian rupee breaches 64/$ in opening trade

    15:45 | 27/5/15
    The Indian rupee has breached 64 level in opening trade on Tuesday, down 7 paise to 64.05 a dollar from 63.98 percent in previous session. more»
  • Backstop against euro-dollar parity break

    15:45 | 27/5/15
    Financial Times
    The euro reached almost $1.40 a year ago. Now, it is close to $1.10. And this is not only a story about the dollar. The single currency is also down more than 10 per cent versus the pound over the past year and has weakened even against the yen, in ... more»
  • Asian Markets Mostly Lower On Wall Street Cues

    15:11 | 27/5/15
    In the currency market, the U.S. dollar was trading around the 123 yen range on Wednesday, after touching 123.33 yen, its highest level since July 2007, in New York overnight. The dollar ... Meanwhile, Shanghai and Taiwan are marginally higher. On Wall ... more»
  • Australian dollar slides again as greenback surges

    14:55 | 27/5/15
    The Australian
    The local unit dipped as low as US77.26c just before noon after a slow, tentative rally topped out at US77.50c when the US dollar headed higher again. more»
  • Hong Kong shares down midday as dollar rally and soft Wall Street weighs ...

    14:28 | 27/5/15
    South China Morning Post (subscription)
    Hong Kong shares dropped in low volume dealings by midday on Wednesday, as sentiment was depressed following a strong rally in the dollar which pushed down US stocks overnight. However, stocks in Shanghai flipped between gains and losses, but ... more»
  • US rate hikes good for Aussie dollar: RBA

    14:03 | 27/5/15
    The Reserve Bank has welcomed indications the US Federal Reserve will hike interest rates later this year, saying such a move will probably weaken the Australian dollar. RBA deputy governor Philip Lowe says comments last week from US Federal Reserve ... more»
  • Yankees 5, Royals 1

    13:52 | 27/5/15
    WPTZ The Champlain Valley
    NEW YORK -- Right-hander Adam Warren pitched effectively into the seventh inning, combining with three relievers on a four-hitter as the New York Yankees defeated the Kansas City Royals 5-1 on Tuesday. more»
  • Chinese yuan weakens to 6.1198 against USD Wednesday

    13:41 | 27/5/15
    Shanghai Daily (subscription)
    Chinese yuan weakens to 6.1198 against USD Wednesday. May 27,2015. BEIJING, May 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 26 basis points to 6.1198 against the U.S. dollar on Wednesday, ... more»
  • Forex - Japanese yen stronger after minutes see policy stable

    12:00 | 27/5/15 - The Japanese yen held stronger after central bank board meeting minutes that saw no need for further easing now, while markets focused on the chances of Greece reaching a deal with creditors before next week. more»
  • The huge risks that Bangladesh poor takeā€¦ all for US$500 a month job

    11:48 | 27/5/15
    Malay Mail Online
    He paid only 5,000 taka up front to start the journey, which took him and other villagers to the tourist town of Cox's Bazar and then to Teknaf, one of Bangladesh's southernmost points. Each person got a five-liter bottle of water, some rice and a ... more»
  • Regional fuel prices increasing again

    10:41 | 27/5/15
    Solomon Star
    Suva, Fiji - For the past ten months, Pacific Island countries and territories have enjoyed falling petroleum prices but there are indications that the region should prepare for rising fuel prices. more»
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