06252016Sat
Last update: Sat, 25 Jun 2016 01pm

Asia

Markets - FXMM - Asia

India markets fall after RBI Rajan's surprise move to quit in Sept NEW DELHI/MUMBAI: India's rupee slipped to its weakest in nearly a month, while stocks fell and bond yields rose after central bank governor Raghuram Rajan's surprise announcement over the weekend that he would quit after his term ends in September.The central bank was spotted selling dollars to curb the fall in the local currency, three traders said.The rupee was trading at 67.47 to the dollar at 0404 GMT, after hitting 67.70 to the dollar, its weakest since May 24. The currency had closed at 67.08/67.09 to the dollar on Friday.Rajan's unexpected decision comes at a time when investors had been bracing for heavy volatility from global markets as Britain is due to vote on Thursday on whether to leave the European Union.Though analysts had speculated Rajan could decide not to pursue a second term after a major regional newspaper reported last month he did not want to remain at the ...

Markets - FXMM - Asia

China's yuan firms as dollar falls, eyes on Britain's EU referendum SHANGHAI: China's yuan strengthened versus the dollar on Monday, buoyed by a fall for the greenback in global markets, while the coming referendum in Britain on remaining in the European Union kept Chinese investors nervous.The dollar index slumped 0.7 percent in Asian morning trade as sterling rallied, with momentum swinging in favour for Britain to remain in the EU days ahead of Thursday's vote."Investors are nervous not to make a wrong bet," said a senior ...

Markets - FXMM - Asia

Pound extends rally in Asia as Brexit fears ease TOKYO: The pound extended its rally in Asian trade Monday as investors swung their bets to Britain voting to remain in the European Union this week.Long-running fears of a pro-Brexit vote on June 23 had been hammering the British currency and became heightened in recent weeks as the "Leave" campaign pulled ahead in the polls.On Monday, the pound gained as the first poll taken after the murder of pro-European Union lawmaker Jo Cox suggested the ...

Markets - FXMM - Asia

Sri Lankan rupee 1 week forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee one-week forwards ended weaker on Friday due to mild dollar demand from importers while dealers said the rupee was under pressure due to lack of exporter dollar conversions and moral suasion by the central bank, which is holding the currency at current levels.One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee in the absence of trade in three-day forwards on Friday, ended at 145.90/146.10 per dollar, ...

Markets - FXMM - Asia

Most Asian currencies down on the week on Brexit jitters SINGAPORE: Asian currencies were generally steady versus the dollar on Friday, but most were on track for weekly losses as investors fretted about the risk that Britain may vote to leave the European Union in a referendum next week.The South Korean won eased 0.1 percent versus the dollar, with trade having calmed down after early volatile trade following a fake report on the death of North Korean leader Kim Jong Un which rattled foreign exchange ...

Markets - FXMM - Asia

Pound recovers as British anti-EU vote hit by MP shooting TOKYO: The pound rose with Asian stocks Friday after the previous day's selloff, as the killing of a British lawmaker led to canvassing for next week's EU referendum to be cancelled, which is seen favouring those wanting to stay in the bloc.Fears Britain will vote to exit the European Union have intensified over the past week as opinion polls showed the leave camp in front -- leading to warnings of a global market cataclysm and ...

Markets - FXMM - Asia

Sri Lankan shares end 1pc lower on move to tax capital gains COLOMBO: Sri Lankan shares fell 1 percent on Thursday to hit their lowest closing level in more than seven weeks as concerns over a government decision to reintroduce capital gains tax kept investors on the sidelines. Investor sentiment also took a hit on continued foreign fund outflows and rising interest rates, dealers said. Sri Lanka's cabinet approved a proposal to reintroduce a capital gains tax on Wednesday, especially on land sales, with a cabinet spokesman ...