Euro Is Near 22-Month Low After European Summit

24/05/2012 06:10 AST

The euro was 0.2 percent from the lowest level since July 2010 after German Chancellor Angela Merkel said following a European Union summit that her nation stands by its opposition to jointly issued common bonds.

The 17-nation currency maintained a drop versus the yen before data forecast to show Europe’s services and manufacturing industries shrank for a fourth month. The Japanese and U.S. currencies remained higher after gaining yesterday against most major counterparts on increasing demand for haven assets amid Europe’s deepening debt crisis. New Zealand’s dollar halted a two-day slide as the nation reported an increased trade surplus.

For more on this Click Here

Forex News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 23.57 909,553
SABIC 85.96 7,935,993
EEC 29.77 9,949,525
RIBL 13.93 767,779
STC 64.54 272,607
ALMARAI 87.45 246,733
JULPHAR 2.52 2,800
Recent News

Robust non-oil sector growth boosts Bahrain
Bahrain’s non-oil sector is on target to grow by 4.6 per cent this year, according to the latest assessment by the Economic Development Board (EDB).

The EDB’s Bahrain Economic Quarterly r

NBAD ranks #1 for GCC bonds
National Bank of Abu Dhabi (NBAD), the Safest Bank in Emerging Markets and the Middle East by Global Finance magazine, is ranked number one bookrunner of Bonds and Sukuk in the GCC for the first 9 mo

Saudi Arabia’s liquidity stands at SAR1.79 trillion
Liquidity in Saudi Arabia expanded by seven per cent or SAR117.5 billion at the end of August to stand at SAR1.797 trillion compared with SAR1.679trn in the same month last year. The annual rise in

Bahrain and UK discuss trade relations
Bahrain’s Minister of Industry and Commerce and Tourism, Zayed R Alzayani, was a guest of honour and Keynote Speaker at the Bahrain British Business Networking Lunch Meeting, Bahrain News Agency repo

Dubai SME supports FinanceME Business Vision Awards 2016
FinanceME is pleased to announce its exclusive partnership with Dubai SME, the agency of the Department of Economic Development in Dubai mandated to develop the small and medium enterprise (SME) sect

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Which of the following do you think is the best long-term investment?