Exotics
EMERGING MARKETS-Mexico peso up on Bernanke, Chile peso slumps
…Brazil could further relax monetary policy are sapping support for the currency. The real had been a favorite bet for emerging market investors due to the country’s high interest rates for much of the recovery from the 2008 financial crisis. Meanwhile, Mexican…
S.Africa rand stabilises vs dlr, bonds edge higher
…current levels barring any new external shocks, analysts said. The currency was at 8.2550 to the dollar by 1638 GMT, off a session low of 8.3528 and 0.42 percent firmer than Monday’s close at 8.29. “I think we have reached a kind of cap for dollar-rand given…
Fitch raises GM’s IDR to BB; Outlook now positive
…04 (Fitch) Fitch Ratings has upgraded the Issuer Default Ratings (IDRs) of General Motors Company (GM), General Motors Holdings LLC (GM Holdings) and General Motors Financial Company, Inc. (GMF) to ‘BB’ from ‘BB-’. The Rating Outlook for GM, GM Holdings and…
Mexico’s peso firms 1 pct on Bernanke comments
…after Federal Reserve Chairman Ben Bernanke said the central bank is prepared to act further to help the economy of the United States, Mexico’s top trading partner. The peso MXN= gained 1.22 percent to 13.89 per dollar, bouncing back after four sessions of…
Wi-LAN will try to have Mosaid’s shareholder rights plan cease traded at hearing
…so bids should reflect that trend. The 6,000 patents of bankrupt Nortel Networks were sold for US$4.5 billion earlier this year to a group of major technology companies, which included Microsoft and Research in Motion . Mosaid has asked its shareholders…
Rand weakens with Greece still the word
…loans continued to plague market sentiment. At 15:43 local time, the rand was trading at 8.3169 to the dollar from its previous close of 8.2837. It was trading at 10.9809 to the euro from 10.9271 before, and at 12.7705 against sterling from 12.7787 previously. The…
Bank robber unsuccessful in Huntington Beach try
…tried to rob a bank in Huntington Beach today went to a bank in Irvine where he escaped with money. | POLICE NEWS The unsuccessful robbery occurred at 11:15 a.m. at a US Bank branch at 20002 Brookhurst St.
Rupee falls for 3rd straight day; seen pressured
…greenback. Traders, however, said they expect the Indian central bank to protect the rupee from breaching the 50-per-dollar mark. The Reserve Bank of India, which steps in to smooth excess volatility, is suspected to have intervened in September when the rupee…
European Banks Try to Calm Investors
…as the deepening euro-zone debt crisis has cast doubt on some banks’ survival. The heads of the region’s biggest banks, at a conference in London, sought to convince shareholders that the banks are able to withstand potential losses and adapt to tougher regulations….
Rupee ends lower by 25 paise Vs dollar
…49.40/41 against the US currency on sustained dollar demand from banks and importers on the back of strong dollar in overseas markets. The rupee stayed weak for the third day as banks and importers preferred to increase their dollar position in view of firm…
Pakistani stocks end on 2-mth high; rupee firms
…also moved in on hopes of an interest rate cut by the State Bank of Pakistan on Saturday. In July, the central bank cut the key policy rate by 50 basis points to 13.5 percent. In the currency market, the rupee firmed to 87.33/38 to the dollar compared…
Indian rupee falls for 3rd straight day; seen pressured
…the rupee from breaching the 50-per-dollar mark. The Reserve Bank of India, which steps in to smooth excess volatility, is suspected to have intervened in September when the rupee had touched 49.90 to a dollar. Analysts however expect the rupee to fall…
Rupee stays weak as foreign funds pull out funds
…dollars,” said a dealer at a private sector bank. The Reserve Bank of India, which steps in to smooth excess volatility, is suspected to have intervened in September when the rupee had touched 49.90. The one-month onshore forward premium was at 23.50 points…
Rupee likely to trade with depreciation bias: Angel Broking
Like this story, share it with millions of investors on M3 Like this story, share it with millions of investors on M3 Post your opinion here Angel Broking has come out with its report on Rupee. Asian markets trade lower on account of ris
TEXT-Fitch cuts Bank Muscat’s VR to ‘bbb’; afrms IDR at ‘A-’
(The following statement was released by the rating agency) Oct 04- Fitch Ratings has downgraded Bank Muscat’s (BM) Viability Rating to ‘bbb’ from ‘bbb+’ and affirmed the bank’s Long-term Issuer Default Rating (IDR) at ‘A-’. The Outlook on the Long-te
Rupee falls 3rd day as risk aversion grips
“The dollar index is getting stronger by the day. In such a bearish global scenario, the rupee will have to suffer.” Mumbai: The rupee weakened on Tuesday for a third session as concerns of grave injury to the world economy from Europe’s debt imbroglio
Rand still vulnerable to risk aversion
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SAfrica’s rand seen weaker vs dollar, bonds pressured
JOHANNESBURG (Reuters) – The rand firmed against the dollar on Tuesday but remained just 20 cents off a two-year low hit at the end of September and dealers said the currency was still vulnerable to swings in investor sentiment emanating from the euro zo
Macquarie expects rupee fall to hit Power Finance Corp hard
…mark-to-market loss in second quarter of FY12 due to unhedged foreign currency liabilities and sharp fall of the rupee. PFC has 50 billion rupees of foreign currency liabilities, out of which 86 per cent is unhedged, Macquarie said in a note. “We think the…
MARKET EYE-Macquarie sees rupee fall hit PFC hard
…to adverse movement in the Yen and USD compared to the Indian rupee (INR) could be as much as 5 billion rupees or 50 percent of estimated pre-tax-profits for the quarter,” Macquarie said in a note maintaining a outperform rating with a target price of 190 rupees….
