Markets

GIH seeks delay on debt repayment

KUWAIT CITY - Kuwait’s Global Investment House, or GIH said on Tuesday that it would ask creditors to further extend a deadline for repaying debt to November from June as part of a restructuring proposal it plans to submit soon.

Markets10 years ago

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Markets

Gold hits 6-week low, attracts physical buyers

Indian gold futures hit their lowest level in six weeks, extending losses for the third straight session on Wednesday, attracting bargain hunting by physical traders, though the rupee hitting a record low capped the downside in prices.

Markets10 years ago

Indian Rupee hits record low

Markets

Indian Rupee hits record low

The rupee hit a record low against the dollar on Wednesday, succumbing to the steep risk aversion hitting global markets and highlighting the vulnerabilities of a country facing challenging fiscal and economic outlooks.

Markets10 years ago

Markets

JPMorgan mess-up claims first casualty

The chief investment officer at JPMorgan Chase, one of the highest-ranking women on Wall Street, will retire, the company said on Monday. She becomes the first casualty of the bank’s $2 billion trading blunder.

Markets10 years ago

Indian rupee hits record closing low

Markets

Indian rupee hits record closing low

India’s rupee sank to a record closing low of 53.92 against the dollar on Monday, dragged down by weak domestic economic data and an investor flight to safety on jitters over the eurozone debt crisis.

Markets10 years ago