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Tuesday, 21 May 2013
Indian shares fall from near 2-1/2 year high; consolidation seen
23:04 | 20/5/13
Drugmakers also fell after the Indian government formally notified on Thursday a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps.
Euro Could Be Shot Down Now
23:02 | 20/5/13
Wall Street Journal (blog)
In the new global hunt for yield, the euro is likely to be shot down. For many months, the single currency has remained resilient.
It's not just equity: Why India is best of BRIC right now
22:48 | 20/5/13
The Brazilian real and the Russian Rouble have also not moved over the last one year while the Chinese Renminbi has gained over 2%.
Bahrain demonstrator jailed for insulting national flag
22:39 | 20/5/13
Voice of Bahrain
The demonstrator plans to appeal the jail sentence and the 100 dinar ($265) fine, according to his defense lawyer Hashim Saleh.
The fight against Turkish lira strengthening continues
22:35 | 20/5/13
Balkans.com Business News
The Turkish economy has been volatile in recent years. After the recession in 2008/2009 and the overheating in 2011, growth gradually waned to 2.3% y/y in 2012.
World stocks rise on signs of steady US recovery
22:10 | 20/5/13
Benchmarks in mainland China, Taiwan, and Indonesia also rose. ... Benchmark oil for June delivery was down 57 cents at $95.45 a barrel in electronic trading on the New York Mercantile Exchange. ... New York. The dollar fell to 102.54 yen from 103.18 yen.
Dar Al Arkan plans dollar-denominated Islamic bonds
22:04 | 20/5/13
State-owned Saudi Electricity Company raised $2bn from the sale of two Islamic bonds in March, including the world's first 30-year dollar-denominated sukuk.
Mauritius tourism revenue drops 12.4 pct yr/yr in Q1
22:01 | 20/5/13
The tourism sector is a driver of the island's $10 billion economy. But long-haul luxury destinations like Mauritius have suffered during the global economic downturn.
Imran Khan's sticky wicket? His own celebrity
22:00 | 20/5/13
Globe and Mail
He raised billions of rupees to build a cancer-treatment hospital in the name of his mother, who had died of the disease. The achievement gave him first-hand insight into Pakistan's endemic corruption, but it prompted mutterings of hubris from his ...
South African Rand to US Dollar Exchange Rate (ZAR/USD) remains near 4 ...
21:51 | 20/5/13
Future Currency Forecast
The Rand remains trading close to a 4-year low against the US Dollar, and is weaker against the majority of its most traded peers as investors remain nervous over the possibility of future labour unrest in South Africa's mining sector. The Rand could ...
84-yo patient undergoes unique low-traumatic surgery in Almaty
21:47 | 20/5/13
Kazybayev resolved all the issues related to signing the agreements, established the contacts and controlled procurement of equipment to make low-traumatic surgeries possible in Kazakhstan. In the last 3 years many Kazakhstan doctors went to South ...
Fitch Affirms Poland's BRE Bank, BRE Leasing & BRE Bank Hipoteczny at 'A ...
21:39 | 20/5/13
Fitch does not expect a downgrade of the VR in the periods ahead, but the rating could come under pressure if there were a marked deterioration in the operating environment coupled with a sharp and prolonged depreciation of the Polish zloty. A further ...
Singapore Dollar Higher Late as the US Dollar Loses Steam
21:24 | 20/5/13
Wall Street Journal
SINGAPORE--The Singapore dollar was higher on Monday against the U.S. dollar as the greenback's rally begin to fizzle. The U.S.
Japanese Yen to US Dollar Exchange Rate (JPY/USD) – Yen Strengthens from ...
21:12 | 20/5/13
Future Currency Forecast
Since the Bank of Japan implemented unprecedented levels of monetary easing in April the Yen has weakened considerably, but it seems the decision to double the level of monthly bond purchases is having a positive effect on the nation's economy.
Stabilise Kwacha, EAZ urges Govt
20:47 | 20/5/13
Times of Zambia
THE Economics Association of Zambia (EAZ) has urged Government to work towards stabilising the Kwacha to reduce the impact of high food prices in view of the recent removal of subsididies on fuel and maize.
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