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China sets yuan rate at four-year low against dollar
China's central bank on Thursday set its daily reference rate for the yuan currency at a four-year low against the US dollar, but it closed stronger than the previous day.
27 August 2015, 18:00 PM
RBI chief Rajan says not in favour of depreciating rupee
RESERVE Bank of India Governor Raghuram Rajan said he was not in favour of depreciating the rupee and joining a global wave of monetary measures that have weakened currencies, according to a newspaper interview on Wednesday.
26 August 2015, 18:00 PM
Currency volatility upsets Asian growth plans
FACED with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China's abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.
26 August 2015, 18:00 PM
Bangladesh envoy urges US to restore trade privilege
Three members of the US Congress have assured that they will help Bangladesh get back the generalised system of preferences in the American market, according to a statement from the Bangladesh mission in Washington DC.
26 August 2015, 18:00 PM
Nervous markets ride roller-coaster after China rate cut
EUROPEAN markets joined Asia on a roller-coaster session Wednesday, as China's interest rate cut showed no sign of ending a crisis fuelled by fears over stalling growth in the world's number-two economy.
26 August 2015, 18:00 PM
IMF official says premature to speak of Chinese crisis
China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday.
23 August 2015, 18:00 PM
Emerging economies let currencies slide to stay competitive
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes.
23 August 2015, 18:00 PM
Gold industry analysts expect price boost from currency war fears
Gold prices could rise above $1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.
23 August 2015, 18:00 PM
Spain's economy to keep growing in third quarter
Spain's economy will grow in the July to September period at a similar pace to previous quarters, boosted by a busy tourism season and consumer spending, the economy minister said in comments published on Sunday.
23 August 2015, 18:00 PM
Etihad discounts air fares by 30pc
Etihad is offering discounts of up to 30 percent to their business and economy-class travellers to some 130 destinations from Dhaka, Sylhet and Chittagong.
23 August 2015, 18:00 PM
Britain wants to work with Iran on trade and investment
Britain said on Sunday that it wanted to work with Iran's central bank to make it easier for UK banks to finance trade and investment in the country after a thaw in diplomatic relations.
23 August 2015, 18:00 PM
China's slowing economy: What's wrong?
GLOBAL stocks have been hit hard over concerns for the Chinese economy, with a gauge of the country's manufacturing activity on Friday providing the latest sign of a slowdown in the world's second-largest economy.
22 August 2015, 18:00 PM
Tourists head to Thailand despite bombing fears
BUSLOADS of visitors from China flocked to Bangkok's glittering Grand Palace on Friday but, days after a bomb at another of the city's popular attractions killed five Chinese tourists, Thailand's biggest spending holidaymakers are rattled.
22 August 2015, 18:00 PM
EU tries to clear "fog of confusion" over US trade pact
The European Commission will publish detailed reports on its negotiations with the United States to forge the world's biggest trade pact, EU trade chief Cecilia Malmstrom said on Friday, responding to criticism that the talks have been shrouded in secrecy.
22 August 2015, 18:00 PM
Disappointing business surveys intensify world growth fears
Signs China's economic slowdown is deepening and weak growth in Europe and the US reported on Friday further damaged the outlook for the global economy, sending stocks and commodity prices reeling.
22 August 2015, 18:00 PM
HP revenue falls on weak PC sales
Hewlett-Packard Co reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services.
22 August 2015, 18:00 PM
Samsung eyes first entry into US stock markets
South Korea's dominant Samsung conglomerate will make its first entry into US stock markets next year with the listing of a biotechnology affiliate, a company official said Friday.
22 August 2015, 18:00 PM
Oil plumbs 6.5-year low on oversupply, China woes
The oil market extended its dramatic descent this week to strike a 6.5-year nadir close to $40 per barrel on mounting fears of oversupply and poor demand, particularly from China.
22 August 2015, 18:00 PM
US presses China to continue reforms after yuan devalued
US Treasury Secretary Jacob Lew pressed China to continue with economic and financial reforms Friday in the wake of Beijing's surprise devaluation of the yuan last week.
22 August 2015, 18:00 PM
ADB provides $1b to ease Kazakh currency pain
The Asian Development Bank (ADB) said Friday it had approved a $1 billion loan for energy-rich Kazakhstan after the Central Asian country's currency lost a quarter of its value against the dollar Thursday, spreading panic throughout the region.
22 August 2015, 18:00 PM