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Daily Market Report
for 21/10/2014
India Rupee, Stocks Rise on Diesel Deregulation, But Market Still Wary of ...
21 Oct 2014 01:56 International Business Times UK
The fiscal-friendly side of the Government of India's decision to deregulate diesel prices has helped the rupee recover from near a multi-month low but what the government will do to address the inflation challenges will be crucial, traders say.  more...
Human trafficking unabated
20 Oct 2014 22:56 Prothom Alo (English)
The 27-year-old Rafiqul Islam and 40-year-old Tara Miah of Sirajganj, who were caught in the police drive, said that they paid 10 thousand taka each to a dealer Jasim Uddin who took them via Dhaka to Cox's Bazar. At night he handed them over to pirates ...  more...
Midpoint Adds Three New Currencies to Its Payments Platform
21 Oct 2014 02:52 Stockhouse
Midpoint, which operates the world's first true peer to peer foreign currency payments service, has added United Arab Emirates Dirham (AED), Hong Kong Dollar (HKD) and Polish Zloty (PLN) to its matching (netting) platform. It currently offers the ...  more...
Investors Purchase High Volume of US Bancorp Call Options (USB)
21 Oct 2014 12:15 WKRB News
U.S. Bancorp logo U.S. Bancorp (NYSE:USB) saw unusually large options trading on Monday. Stock traders bought 6,155 call options on the stock, American Banking News reports.  more...
Widening trade deficit
21 Oct 2014 08:07 The Express Tribune
Analysts have termed the widening trade deficit a result of the exchange rate rigidity. While the Pakistani rupee, according to IMF projections, should be more than Rs110 to a dollar, with its overvaluation, however, it is currently traded at around ...  more...
South.Korean shares down but pare losses after Chinese data; won firmer
21 Oct 2014 16:11 Business Recorder
SK Telecom, South Korea's largest mobile services provider, climbed 2.5 percent while KT Corp rose 1.5 percent. The South Korean won firmed, reflecting losses in the dollar as many investors pushed out expectations of an early rate hike by the U.S ...  more...
Shipping firm Bollore Africa Logistics sees net profit plunge in H1
21 Oct 2014 10:00 Reuters Africa
ABIDJAN Oct 20 (Reuters) - First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year, the company said on Monday. Turnover was 38.07 ...  more...
MOI Statement: Law Penalizes Disturbances to Election Freedom & Procedures
21 Oct 2014 07:22 Bahrain News Agency
... "can be sentenced to imprisonment for a period not more than 6 months and fined not more than 500 Bahraini dinar" and that it is illegal to, "disrupt the freedom to vote in a referendum or election by using force, threat or disturbance or by taking ...  more...
Pound Sterling to Hong Kong Dollar (GBP/HKD) Exchange Rate Firmer as Pro ...
20 Oct 2014 23:30 Future Currency Forecast
The Pound (GBP) to Hong Kong Dollar (HKD) exchange rate strengthened on Monday as concerns over pro-democracy protests increased over the weekend as demonstrators continued their standoff with police, hopes for a resolution lie with Tuesday's talks.  more...
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