The South African rand continued to trade at its worst ever levels against the dollar on Tuesday (8 December), amid a stagnant local economy, and rising...
Goldman Sachs Group Inc. raised its forecasts for the euro after its call that the European Central Bank would send the shared currency tumbling as much...
European Central Bank Cut its Deposit Rate European stocks erased gains, government bonds dropped and the euro recovered from a seven-month low after the European...
India’s central bank left interest rates unchanged after four cuts this year to meet inflation targets that are starting to look more vulnerable. Governor Raghuram Rajan...
The euro’s worst year in a decade is looking even grimmer after the Chinese yuan’s inclusion in the International Monetary Fund’s basket of reserve currencies. The...
IMF Approves Chinese Yuan As Reserve Currency International Monetary Fund’s executive board, which represents 188 member nations have decided the Yuan meets the standard of...
The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion...
Finally International Monetary Fund (IMF) is set to include Chinese Yuan in its Special Drawing Rights (SDR) reserve currency on Monday, November 30. The board is...
Reserve Bank of India lowered interest rates to strengthen the economy as the global economic downturn threatens growth. The Benchmark repurchase rate was cut to 6.75...
Apple Inc. Earnings Apple Inc.’s iPhone shipments and revenue missed estimates for the third quarter (3Q). According to the financial statement report released, 47.5 million iPhone...
