Spain is set to intensify the clean-up of its banks on Friday after difficult last-minute talks between the government and lenders on details of planned financial system reforms.
Spain is set to intensify the clean-up of its banks on Friday after difficult last-minute talks between the government and lenders on details of planned financial system reforms.
The RBI took further measures to prop up the rupee, requiring exporters to sell half the foreign currency in their accounts and making it easier for the market to absorb large foreign exchange transactions.
The euro fell for a seventh straight session against the dollar on Tuesday on worries that political uncertainty in Greece and a change of French presidents could threaten austerity plans seen as key to tackling the euro zone debt crisis.
LONDON - The euro fell on Tuesday and was vulnerable to more losses as political uncertainty in Greece and a change of French president threatened to derail the austerity plans at the heart of efforts to tackle the euro zone debt crisis.
India’s rupee slid to a near six-month low against the dollar on Monday, prompting the central bank to intervene to prop up the struggling currency, traders said.
NEW YORK - U.S. Treasury debt prices rose on Monday after elections in France and Greece raised investors’ concerns about the progress of austerity drives in Europe, extending a rally ignited by downbeat U.S. jobs data last week.
NEW YORK - The euro dropped broadly on Monday after elections in Greece and France cast doubt on politicians’ commitment to austerity plans aimed at tackling the euro zone debt crisis.
Australia is on track for a modest budget surplus next financial year, Treasurer Wayne Swan said Sunday ahead of this week’s unveiling of his fifth budget for the mining-powered economy.
The UAE’s resilient banking sector has overpowered the challenges it was facing, said Abdul Aziz Al Ghurair, chairman of the Emirates Banks Association.
The dollar slipped against the yen in volatile trading on Friday after a key U.S. April jobs report painted a mixed picture about the health of the economy.