Friday, 29 August 2014


Recent News
  • Australian dollar climbs as Ukraine tension rises

    18:33 | 29/8/14
    The Australian
    At 4:30pm (AEST) the Australian dollar was around US93.53c. It had traded as low as US92.70c earlier in the week. Kiev and its Western backers have accused Moscow of sending Russian troops and armour to fight alongside rebels in eastern Ukraine, ... more»
  • Is the Petrodollar on its Way?

    18:11 | 29/8/14
    American Thinker
    Iraq, Kuwait and Libya are big oil producers, but are on the dinar, not petrodollar. Be it oil, silver or gold, a “commodity” currency would allow full convertibility. more»
  • Azizia Panda to invest up to AED3bn in the UAE store expansion

    17:48 | 29/8/14
    Zawya (registration)
    Its new 400 million Saudi riyal (Dh391.7 million) warehouse in Saudi Arabia's west coast is expected to open in the first half of 2015, and another warehouse in the east coast, with a similar investment, is set to open in 2018. more»
  • Hong Kong Airlines Said Ready to Apply for Dual-Currency IPO

    17:48 | 29/8/14
    The yuan has risen 2 percent from the low of 6.2676 per dollar reached on April 30. Chinese-currency deposits in Hong Kong stood at 925.9 billion yuan ($151 billion) at the end of June, up 33 percent from a year earlier, according to data from the Hong ... more»
  • High Aussie dollar means no rate hike

    17:37 | 29/8/14
    The Reserve Bank's interest rate cutting cycle is well and truly over, but some economists are pushing back their forecasts for a rate hike as the persistently high Aussie dollar weighs on economic growth. All 15 economists surveyed by AAP are ... more»
  • Swiss Franc Extends Its Losses In The Asian Session

    17:03 | 29/8/14
    For the 24 hours to 23:00 GMT, the USD traded tad higher against the CHF and closed at 0.9152. In economic news, the number of employed people in Switzerland rose to a level of 4.196 million on a quarterly basis in 2Q 2014, compared to a level of 4.192 ... more»
  • China's yuan inches up, set to rise in August for third month

    16:18 | 29/8/14
    Economic Times
    SHANGHAI: The yuan edged higher versus the dollar on Friday and is set to rise nearly 1 percent in August in the third straight month of gains, with China's improving exports helping boost market sentiment towards the Chinese currency, traders said. To ... more»
  • How Would Coca-Cola's Mexico Launch Impact The Stock? (KO)

    16:18 | 29/8/14
    Seeking Alpha (registration)
    In response to poor health conditions of the population, the Mexican government had announced an increase in the tax on sugary beverages to about one peso a liter which was effective from January 1 of this year. The said tax increased beverage prices ... more»
  • Baht rises for third month, bonds gain amid Thailand's economic recovery

    16:18 | 29/8/14
    The Malay Mail Online
    The Thai baht appreciated 0.5 per cent in August to 31.954 per dollar as of 10.17am in Bangkok, taking its three-month advance to 2.7 per cent, the best among 24 emerging-market exchange rates tracked by Bloomberg. more»
  • Asian Markets Trade Lower On Ukraine Tensions

    15:57 | 29/8/14
    The North Atlantic Treaty Organization or NATO on Thursday released new satellite images showing Russian combat forces engaged in military operations inside the sovereign territory of Ukraine. more»
  • Yen supported on Ukraine tensions, euro braces for inflation test

    15:45 | 29/8/14
    The news short-circuited a corrective bounce in the euro, sending the currency hurtling back towards a near one-year low of $1.3152 EUR=. more»
  • North Korea won't send 'squad of beauties' cheerleaders to Asian Games in ...

    15:33 | 29/8/14
    Fox News
    SEOUL, South Korea - North Korea said Friday it won't send cheerleaders to the upcoming Asian Games in rival South Korea, blaming what it called Seoul's hostility for reversing a decision to dispatch the women dubbed by South Korean media as a "squad ... more»