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UAE leads in ‘big data’ adoption trend: EMC
Big data adoption trends are fast gaining currency in the UAE with most businesses acknowledging that it would lead to better decision-making, a survey by EMC Corporation revealed.
Rupiah leads Asian currencies’ decline
Asian currencies fell last week, led by the Indonesian rupiah’s decline to a four-year low, on concern signs of a US economic recovery would support a reduction in stimulus that has fuelled emerging-market inflows.
India, Japan expand currency swap pact to $50b
India and Japan have decided to expand their currency swap agreement, a financial tool to help cushion volatility in foreign exchange markets, to $50 billion from $15 billion, it was announced here.
Dollar tops 100 mark against yen
The dollar topped the 100-yen mark on Thursday as the greenback won support from growing expectations of strong US jobs data while the Bank of Japan issued an upbeat assessment of the world’s third-largest economy.
Pressure on currencies eases
Central bank action lifted some emerging market currencies off lows on Wednesday but higher US yields and the likelihood of military action against Syria kept the sector under pressure.
Rupee closes in on record low
The rupee closed in on its record low on Wednesday morning as rising geopolitical tensions in the Middle East and the possibility of a withdrawal of monetary stimulus by the US Federal Reserve roiled risk assets.
India’s rupee falls sharply, shares slump almost 3.5%
India’s currency slid sharply on Tuesday and the share market crashed nearly 3.5 per cent in another major sell-off caused by uncertainty in the Middle East and a new gloomy economic forecast by Goldman Sachs.
Rupee weakens ahead of growth data
The rupee slid back towards a record low on Friday, with investors braced for a statement on the state of economy from Prime Minister Manmohan Singh and the release of data that was expected to show India in the grip of a protracted slowdown.
Indian rupee bounces from record low
The Indian rupee rebounded on Thursday from a record low after the central bank’s move to provide dollars directly to oil companies provided relief to the currency, while a recovery in emerging market currencies also helped offer support.
Indian rupee plunges to new record low
India’s rupee slumped nearly four percent to a fresh record low against the dollar on Wednesday as concerns about a US-led military strike against Syria compounded deepening domestic economic woes.
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