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SABIC 115.25 3,201,412
EMAAR 10.3 11,369,691
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Forex News

China’s yuan holds steady as market awaits Q1 data

HONG KONG: China's yuan held steady against the dollar on Monday following a weaker official midpoint, with the market awaiting a run of economic indicators this week to gauge growth momentum in the world's second-largest economy. Spot yuan changed hands

Euro down in Asia on Draghi easing comments

TOKYO: The euro weakened in Asia Monday after European Central Bank chief Mario Draghi said policymakers may need to take action to stem the unit's rise. In Tokyo midday trade, the single currency weakened to $1.3848 and 140.62 yen, down from $1.3882 and

Singapore Maintains Currency Stance as Economic Growth Slows

Singapore’s central bank maintained its pace of currency appreciation, seeking to support growth while guarding against inflation as the economy expanded less than analysts estimated last quarter. Gross domestic product rose an annualized 0.1 percent in

Yuan weaker, despite dollar decline after soft export data

SHANGHAI: China's yuan slipped on Thursday after exports declined for a second consecutive month in March, but some economists partly blamed intense yuan speculation last year for artificially inflating trade figures then and distorting comparisons now.

Russia’s central bank right to shore up rouble short term: World Bank

WASHINGTON: Russia's central bank made the right decision to defend the rouble in the short term and prevent excessive volatility in the exchange rate when the Ukraine crisis escalated, a senior official at the World Bank said on Wednesday. The Russian

South Korea’s won surges to pre-crisis level

SEOUL: South Korea's won surged Wednesday to its highest level since before the global financial crisis, sparking concern the stronger currency might undermine the export-reliant economy. The won ended at 1,041.40 to the dollar, up 10.80 won from the

Euro falls as IMF pushes ECB to act on deflation

NEW YORK: The euro fell against the dollar on Tuesday as the International Monetary Fund again urged the European Central Bank to take action to head off deflation. IMF chief economist Olivier Blanchard said action was needed "soon", noting that the ECB

Dollar claws back some losses against yen in Asia

TOKYO: The dollar on Wednesday edged up against the yen after tumbling in New York trade after the head of the Bank of Japan poured cold water on hopes it will add to its stimulus programme in the near future. In Tokyo midday trade, the greenback bought

Yen at 10-day high versus dollar as BOJ offers little on more easing

(Reuters) - The yen rose on Tuesday, as some investors trimmed bets against it after the Bank of Japan held off from additional easing and Governor Haruhiko Kuroda offered little indication that more stimulus was likely in the short term. The dollar fell

China raises 2014 short term foreign debt quota to $43.39 billion

(Reuters) - China has set a quota for the total amount of short-term foreign debt banks and companies can borrow in 2014 at $43.39 billion, the nation's foreign exchange regulator said on Tuesday, implying a rise of 16 percent from last year. The State

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