Archive of September 2014

Dollar hits 4-year high, heads for best quarter in 6 years

NEW YORK: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro...

US consumer confidence, home prices show weakness

NEW YORK: US consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from...

Wall St rises on tech strength; investors watch dollar

NEW YORK: US stocks were higher on Tuesday, lifted by strength in technology shares, but the S&P 500 and Nasdaq were on track for a...

PM orders implementing Punjab Citizen Feedback Monitoring Programme in federal govt

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday ordered the implementation of Punjab Citizen Feedback Monitoring Programme in the federal government to improve service delivery...

Moody's could wait until 2016 to decide on Brazil rating

SAO PAULO/RIO DE JANEIRO: Moody's Investors Service could wait until 2016 to decide whether to cut Brazil's sovereign rating, a senior analyst at the firm...

Sterling ends mixed after dollar surge

LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest...

South Africa stocks end down but charts point to possible rebound

JOHANNESBURG: South African bullion producers such as Harmony Gold remained under pressure on Tuesday, weighing on the wider market which ended in the red, after...

South Africa's rand falls to fresh 8-month low after poor trade data

JOHANNESBURG: South Africa's rand continued a downward spiral against the dollar on Tuesday, tumbling to fresh eight-month lows after the revenue service reported a sharp...

US dollar share of central bank FX reserves steady in Q2: IMF

NEW YORK: The US dollar share of global central banks' currency reserves was a little more than 60 percent in the second quarter of 2014,...

FTSE weakens, Next weather warning hits retailers

LONDON: Britain's top share index dropped on Tuesday, with retailers falling after Next said it would have to lower its full-year profit forecast if the...