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News

Scotland can only keep pound by staying in UK: George Osborne
Scotland can only retain the pound by staying in the UK, Chancellor of the Exchequer George Osborne said, rejecting a report in the Guardian that a currency union would be agreed.
Sensex rises to record as rupee rallies on foreign inflows
Most Indian stocks rose, sending the benchmark index to a record, after the rupee climbed to an eight-month high as foreign investors extended Asia’s largest equity-market inflows.
Rupee at high of 8 months
The currency rose 0.5 per cent to 60.48 per dollar in Mumbai, prices from local banks compiled by Bloomberg show.
Collapse of Turkish credit bubble and Gulf finances
2013 was the year the Turkish economic miracle finally ended with political violence in the streets of Istanbul, Izmir and Ankara, a currency meltdown and a brutal stock market crash.
Turkish currency rebounds after interest rate hikes
The bank had said it was ready to tighten monetary policy in a “lasting way” after the lira was battered by political uncertainty generated by a graft probe that has taken down some of the government’s key allies.
Sensex falls most in five months as Tata Motors slumps 6%
India’s benchmark stock index had its biggest decline in almost five months as global equities dropped and investors awaited today’s interest-rate decision by the nation’s central bank.
Turkish lira hits new lows as minister rules out rate hike
Turkey’s currency sank to new record lows on Monday, pummelled by continuing political problems for the government of Prime Minister Recep Tayyip Erdogan.
Fed to probe banks over forex fixing
The Federal Reserve is investigating whether traders at the world’s biggest banks rigged benchmark currency rates, raising the risk that firms will be penalised for lax controls as regulators look for wrongdoing.
Euro underpinned by higher money market rates, ECB stance
This year European banks repatriating funds to shore up their capital bases ahead of an ECB asset quality review.
Sensex hits record as rupee strengthens
India’s benchmark stock index surged to a record and the rupee climbed to a four-month high after the nation’s main opposition party won the state polls.
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