Tuesday, 29 July 2014

Currencies News

  • Allianz Cool on Polish Bonds as Bigger Gains Seen Abroad

    19:52 | 29/7/14
    The money management unit of Allianz SE, Europe's biggest insurer, owns fewer zloty and foreign-currency bonds than indicated by benchmarks because “rates and spreads are very low” compared with other emerging markets, said Shahzad Hasan, who ... more»
  • Euro stamina challenged by Draghi's mettle

    19:41 | 29/7/14
    Financial Times
    Back in 2012, the euro fell to nearly $1.20 - the lowest level since the eurozone crisis erupted in early 2010. After Mario Draghi, president of the European Central Bank, promised in July 2012 to “do whatever it takes” to save the currency, however ... more»
  • South Korean stocks close at 3-year high, won up but US data eyed

    19:18 | 29/7/14
    Economic Times
    Foreign investors bought a net 356.0 billion won ($347.59 million) worth of local shares in their 11th straight session of buying. more»
  • PKP modernisation comes with delays

    19:07 | 29/7/14
    PKP PLK is spending some 8.8 billion zloty (around 2.2 billion euro) on the modernisation of 330 kilometres of tracks on the route, the Polish Press Agency reports. Apart from replacing tracks, the company also plans to install the European Rail ... more»
  • QBE Insurance Slumps on Profit Warning

    18:56 | 29/7/14
    Wall Street Journal
    Making matters worse for the insurer, the increase in claims has coincided with a deterioration in Argentina's economy, with the Argentinian peso weakening about 30% against the U.S. dollar and inflation running close to 40%. Mr. Neal said QBE Seguros ... more»
  • Don't mess with me Argentina

    17:48 | 29/7/14
    Argentina began the process of restructuring its debt on January 14 2005. In reaching an accommodation with its creditors, it was able to resume payments on the majority of the USD82 billion in sovereign bonds that had defaulted in 2002 in the ... more»
  • Pakistan's government mobilises the army in Islamabad

    17:37 | 29/7/14
    World Socialist Web Site
    Pakistan's government last Friday invoked constitutional provision 245 to mobilise the military to “maintain law and order” in Islamabad, the capital, for three months from August 1. Interior Minister Chaudhry Nisar Ali Khan said the army would also be ... more»
  • NZ dollar falls after milk payout news

    17:37 | 29/7/14
    Radio New Zealand
    The New Zealand dollar fell about a quarter of a US cent in late trading on Tuesday following news that the dairy company, Fonterra, has reduced its milk payout to farmers. more»
  • UBS says books 254 million Swiss franc against second quarter to settle one ...

    17:28 | 29/7/14
    Yahoo Finance UK
    VX) booked a 254 million Swiss franc (£165.3 million) charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business. more»
  • Pound Sterling to South African Rand (GBP/ZAR) Exchange Rate Recovers ...

    17:26 | 29/7/14
    Future Currency Forecast
    Today we forecast that Rand volatility could be caused by South Africa's employment figures for the second quarter. more»
  • Swiss Franc Trading On A Lower Footing This Morning

    17:03 | 29/7/14
    The pair is expected to find its first resistance at 0.9053, and a rise through could take it to the next resistance level of 0.9064. more»
  • Argentine debt defiance may strengthen holdouts' legal position

    17:03 | 29/7/14
    The holdouts, led by Paul Singer's Elliott Capital Management and Mark Brodsky's Aurelius Capital Management, are still waiting to collect a single penny or peso. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline ... more»
Global Indices