Euro zone business roars as Germany leads the pride

By Jonathan Cable

LONDON - Euro zone business growth is roaring ahead as the year draws to a close, surveys showed on Thursday, supporting the European Central Bank's move last month to announce a throttling back of its monetary stimulus.

Surveys covering both the services and manufacturing industries outshone even the most optimistic forecasters in Reut

Rupee surges 19 paise at 64.77 against US dollar

The Indian Rupee continued gaining momentum against the US dollar on Thursday amid weak dollar demand by exporters and banks as local currency was lifted by Moody's upgrade of India's credit rating. Global rating agency Moody's Investors Service has revised India’s sovereign rating to Baa2 from Baa3 with stable outlook, citing that the reforms undertaken by the government will

Analysis: Bumper profits, government pressure to drive Asia's dividend bonanza

By Patturaja Murugaboopathy

Dividend payouts by Asia's biggest companies are poised for their biggest increase in six years as profits surge and pressure grows on firms to be more generous with their shareholders.

Across Asia, dividend payouts in 2017 are expected to grow by 12 percent year-on-year, a Reuters analysis showed, marking the largest increase in payouts since

Chinese yuan weakens

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 14 basis points to 6.6487 against the US dollar on Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported.

The central p

The dollar index was 0.05 percent higher at 93.512 - GEPL

Market Commentary

• The dollar inched up against a basket of peers on Thursday after data shed more positive light on the U.S. economy, although sagging Treasury yields tempered the greenback's gains.

• The dollar index was 0.05 percent higher at 93.512.

• The euro was a shade lower at 1.1755 after gaining about 0

Rupee slips against dollar on strong US factory data

The Indian Rupee was trading lower against the US dollar on Tuesday on account of buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors. Strong factory data from the US and the prospect for American tax cuts boosted confidence in the global economy and the US Dollar Index which in turn has kept the rupee pressurised.

At the Interbank

Rupee slips 14 paise against dollar on weak global cues

The Indian Rupee was trading lower against the US dollar on Tuesday as foreign investors continued to liquidate its holding in local equity markets on weak cues of both domestic as well as global fronts.

As per reports, foreign investors are selling continuously in the domestic markets on worries of overshooting fiscal deficit, US-North Korea standoff and the decision by the US Federa

Rupee hits 6-month low on growth worries

MUMBAI - The rupee weakened to its lowest in six months as concerns over weak economic growth and uncertainty over the government's implementation of reform measures hit foreign investor sentiment.

The rupee was at 65.3275 to the dollar after falling to 65.3550, its lowest since March 24, on corporate dollar purchases and dollar outflows from equity markets, said

EU ends Greece`s deficit procedure in positive signal to markets

BRUSSELS - European Union states decided on Monday to close disciplinary procedures against Greece over its excessive deficit after improvements in Greece's fiscal position, confirming the country's recovery is on the right track.

The move, although largely symbolic, sends a new signal that Greece's public finances are again under control, facilitating the

US dollar falls amid geopolitical tensions

The US dollar decreased against most other major currencies as rising geopolitical tensions between North Korea and the US weighed on the market.

In late New York trading on Friday, the euro rose to $1.1948 from $1.1931 in the previous session, and the British pound fell to $1.3531 from $1.3573 in the previous session, Xinhua news agency reported.

The Australian dollar climb

US dollar mixed amid economic data

The US dollar traded mixed against other major currencies as investors digested a batch of economic reports.

In late New York trading on Thursday, the euro rose to $1.1931 from $1.1895 in the previous session, and the British pound gained to $1.3573 from $1.3485 in the previous session, Xinhua news agency reported.

The Australian dollar fell to $0.7930 from $0.8016.

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Bullish bets on most Asian currencies decline as investors trim risk: Reuters poll

By Susan Mathew

Investors reduced their long positions on most Asian currencies in the last two weeks, spooked by tensions on the Korean Peninsula and signs that more major central banks are dialing back years of ultra-easy policy, a Reuters poll showed.

The poll was conducted from Tuesday to Thursday around the U.S. Federal Reserve's latest policy meeting.

As

Rupee slips 30 paise against dollar on Fed rate hike fears

The Indian Rupee extended losses against the US dollar on Thursday amid fund outflows by foreign funds and importers due to strong demand for the American currency following the US Fed policy outcome.

The Federal Open Market Committee concludes in its two-day policy meeting that it would plan to rollback unwinding of the balance sheet and also indicated of tweaking of interest rates b

Euro zone catches up with U.S. as global growth gets more in sync - OECD

By Leigh Thomas

PARIS - Growth rates among the world's major economies are synchronising at levels not seen in years as the euro zone catches up with United States, the OECD said on Wednesday in an update of its forecasts.

The global economy is set for growth this year of 3.5 percent before reaching 3.7 percent next year, up marginally from estimates in

Rupee trades lower against dollar as Fed outcome looms

The Indian Rupee continued losing streak against the US dollar on Wednesday amid fund outflows by foreign funds and importers due to strong demand for the American currency ahead of US Fed policy outcome.

The Federal Open Market Committee will conclude its two-day policy meeting today which will give some clue about the timing of interest rates hike. At the Interbank Foreign Exchange

US dollar declines as Fed meeting begins

The US dollar decreased against most other major currencies on Tuesday, as the Federal Reserve began its two-day monetary policy meeting.

In late New York trading, the euro rose to $1.1998 from $1.1950 in the previous session, and the British pound gained to $1.3523 from $1.3489 in the previous session, Xinhua news agency reported.

The Australian dollar climbed to $0.8012 fr

Swiss shut down `fake` E-Coin in latest cryptocurrency crackdown

By Joshua Franklin

ZURICH - Switzerland's financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.

The move by the FINMA watchdog comes on the heels of Chinese authorities' ordering Beijing-ba

Rupee weakens against dollar ahead of Fed meet

The Indian Rupee was trading lower against the US dollar on Tuesday amid fund outflows by foreign funds and importers due to strong demand for the American currency ahead of US Fed policy outcome. The Federal Open Market Committee will begin a two-day policy meeting today to take a call on unwinding of the balance sheet and tweaking of interest rates. At the Interbank Foreign Exchange Market, t

A winning bearish dollar bet: local currency emerging markets bonds

By Dion Rabouin

NEW YORK  - One of the best strategies to cash in on the dollar's slide since Donald Trump’s election victory is a rather exotic one: buying local emerging market currency bonds.

Investors who doubted Trump could quickly deliver promised tax cuts, big spending and better trade deals - and by doing so boost the dollar - are now

What crackdown? Expect more China deals, bankers say

SINGAPORE - China will remain a major source of deals as local firms invest overseas and foreign companies put money into the world's second-largest economy, despite a government crackdown on splashy acquisitions, bankers and investors said.

While new rules to curb irrational spending and outflows have dragged down overseas investments by China's acquisitive c

Nail euro zone problems first, fix institutions later, ministers say

By Jan Strupczewski and Francesco Guarascio

TALLINN - The euro zone must identify its problems, then see what changes to its institutions are needed to fix them, euro zone finance ministers said on Friday.

Their discussions in the Estonian capital of Tallinn follow differing proposals from France, Germany and the European Commission to revamp the institution

New hedging rules will make FX traders put up or shut up - every day

By Saikat Chatterjee

LONDON  - New European Union regulations on foreign exchange trading will make it harder and more expensive to manage currency risk, traders said, especially for large financial counterparties such as hedge funds and insurance companies.

The regulations will impose "variation margins" on banks, companies and funds that use

Rupee down 6 paise at 64.15 against US dollar

The Indian Rupee was trading lower against the US dollar on Thursday amid fund outflows by foreign funds and importers due to strong demand for the American currency. However, firm cues from domestic equity market restricted Rupee's downward movement.

At the Interbank Foreign Exchange Market, the local currency was down by 06 paise at 64.15 per dollar against a previous close of 6

Rupee trades higher against greenback

The Indian Rupee was trading higher against the US dollar on Wednesday on selling of the US currency by exporters and banks. According to forex dealers, weakness in dollar against major currencies overseas also boosted the rupee. The dollar fell to its weakest level since 2015 as experts warn that Hurricane Irma could have a devastating impact on the US.

The powerful storm has left a

Rupee down 2 paise at 64.05 against dollar

The Indian Rupee was trading lower against the US dollar on Tuesday amid fund outflows by foreign funds and importers due to strong demand for the American currency. However, firm cues from domestic equity market restricted Rupee's downward movement.

At the Interbank Foreign Exchange Market, the local currency was down by 02 paise at 64.05 per dollar against a previous close of 64