Most Read Today

S.Korea stocks at record high on chip rally, upbeat foreign buying

04h38 Round-up of South Korean financial markets: ** South Korean shares jumped more than 1% on Friday to an all-time high, on continued chip rally and foreign. . .  Full story

Sterling weaker as traders await Sunak's Spending Review, Brexit news

25/11 Sterling weakened slightly on Wednesday as traders waited to hear finance minister Rishi Sunak's spending plans and news of any further progress towards a post-Brexit trade deal in talks between Britain and the European Union. . .  Full story

Canadian dollar adds to weekly advance as greenback slides

27/11 The Canadian dollar strengthened to a near three-week high against its U.S. counterpart on Friday, as the greenback broadly declined in thinner than usual trading conditions following the previous day's U.S. Thanksgiving holiday.. . .  Full story

Most Read Yesterday

-India looks to resume Iran, Venezuela oil imports under Biden

03/12 India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after U.S. President-elect Joe Biden takes office, Oil Minister Dharmendra Pradhan said on Wednesday.. . .  Full story

Dollar skids to fresh 2-1/2-year low as U.S. stimulus in focus

02/12 The dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, weighed down by expectations of further fiscal stimulus for the United States. The greenback, however, last. . .  Full story

Most Read This Month

Buyout firm CVC puts digital fraud prevention company Kount up for sale -sources

10/11 Private equity firm CVC Capital Partners Ltd is exploring a sale of its majority stake in Kount Inc in a deal that could value the U.S. digital fraud protection company at more than $750. . .  Full story

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Dollar drops as stocks surge, Fed keeps policy unchanged

05/11 The U.S. dollar fell to a two-week low against a basket of currencies and a seven-month low against the Japanese yen as surging stock markets reduced demand for the greenback, and as the Federal. . .  Full story

Indian watchdog clears Reliance-Future's $3.4 bln deal despite Amazon's objections

20/11 India's antitrust body on Friday cleared conglomerate Reliance Industries' $3.4 billion deal to buy Future Group's retail assets, thwarting Amazon.com's efforts to block the deal.. . .  Full story

Yen plunges as traders add risk for future with vaccine, Biden

09/11 Traders unloaded Japanese yen and bought riskier currencies and the U.S. dollar on Monday as market confidence in the economy and world trade increased with progress on a COVID-19 vaccine and the prospect. . .  Full story

Dollar slips on report that U.S. stimulus talks to resume

19/11 The dollar slid for a sixth straight session on Thursday, after trading higher for most of the day, on reports that U.S. Senate Republican leaders have agreed to resume negotiations on another coronavirus. . .  Full story

Nasdaq surges as investors return to tech, crude ends off highs

11/11 Tech pushed the Nasdaq to close sharply higher and oil prices extended their rally on Wednesday, as hopes of potential COVID-19 were tempered by spiking coronavirus infections and the looming threat of a new. . .  Full story

Canadian dollar climbs 2.7% in November amid vaccine optimism

30/11 The Canadian dollar strengthened to a three-week high against its U.S. counterpart on Monday before paring some gains, with the currency benefiting from optimism this month that a COVID-19 vaccine will help lead to. . .  Full story

Banco BPM CEO welcomes BPER's merger overtures

20/11 Italy's third-largest bank Banco BPM on Friday welcomed the possibility of a merger with BPER, after the biggest shareholder in its rival threw its weight behind the idea.. . .  Full story

Dollar rises again as markets adjust to vaccine hope and higher yields

11/11 The U.S. dollar rose and the safe-haven yen weakened again on Wednesday as markets continued to adjust to higher interest rates and prospects for economic growth following news on Monday of encouraging results. . .  Full story

Copper hits 7-1/2-year peak as companies and speculators buy

27/11 Copper stormed to its highest in 7-1/2 years on Friday as speculators joined industrial users in buying metal as they geared up for a recovering economy boosted by COVID-19 vaccines.. . .  Full story

Asia forms world's biggest trade bloc, a China-backed group excluding U.S.

15/11 Fifteen Asia-Pacific economies formed the world's largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump.. . .  Full story

South African rand gains as Biden's advance lifts risk appetite

24/11 South Africa's rand gained on Tuesday as appetite for riskier assets grew after U.S. President Donald Trump accepted the transition to a Joe Biden presidency.. . .  Full story

Singapore's DBS says has completed takeover of Lakshmi Vilas Bank

30/11 Singapore's DBS Group said on Monday it had completed its takeover of distressed Lakshmi Vilas Bank, helping it shift from a largely digital presence in India to having hundreds of branches.. . .  Full story

Singapore banks trounce Q3 profit estimates, wealth management shines

05/11 Singapore's top lenders, DBS Group and Oversea-Chinese Banking Corp, posted lower than expected declines in third-quarter profit on Thursday on the back of strength in their wealth management businesses.. . .  Full story

Asia FX, stocks rise as Biden leads U.S. election race; rupiah firms over 1%

06/11 Indonesia's rupiah firmed more than 1% on Friday and was set to mark its best week since June, while other emerging Asian currencies and stock markets also gained as Democrat Joe Biden edged. . .  Full story

'Painful' downgrades will raise South Africa's borrowing costs - minister

21/11 South Africa's finance ministry said on Saturday credit ratings downgrades by Moody's and Fitch would increase the country's borrowing costs and constrain its fiscal options.. . .  Full story

S.Africa's pay TV group Multichoice sees 45% jump in half-year profit

09/11 South Africa's Multichoice Group said on Monday its core headline earnings per share (HEPS) for the half year that ended Sept. 30 will be between 40-45% higher than the corresponding period last year.. . .  Full story

Iberdrola to invest $88 bln in 'energy revolution' by 2025

05/11 Spanish wind energy group Iberdrola plans to invest 75 billion euros ($88 billion) in its renewable energy production, grids and retail operations by 2025 to capitalise on growing global demand for clean power, it said. . .  Full story

Kenya's economic growth to rebound next year, World Bank says

25/11 Kenya's economic growth is expected to bounce back next year, the World Bank said on Wednesday, as it emerges from a projected decline in output this year caused by the coronavirus crisis.. . .  Full story