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Asian shares hitch a ride on Wall Street's record

Asian shares hitch a ride on Wall Street's record

Last Updated: Friday, August 22, 2014, 12:18

An index of Asian shares neared a six-and-half-year peak on Friday and was poised for a weekly gain, after upbeat U.S. economic data sparked another record close on Wall Street.

No Fed fireworks expected at Jackson Hole

Last Updated: Sunday, August 17, 2014, 19:05

Flashes of illumination rather than fireworks are expected at this week`s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.

Rupee crashes 63 paise Vs US dollar to end at over 4-month low

Last Updated: Friday, August 01, 2014, 18:56

Weakness in global stock markets and a strong US currency pulled down the rupee by a whopping 63 paise to end at over four-month low of 61.18, logging its worst weekly loss since January 24.

Fed leaves policy unchanged, further reduces bond purchase by $10 bn

Last Updated: Thursday, July 31, 2014, 09:00

The Fed as expected reduced its monthly bond purchases by $10 billion, taking the program to $25 billion a month.

European stocks dip before US data, Fed

Last Updated: Wednesday, July 30, 2014, 17:57

Investors also digested news of more Western sanctions on Russia over the Ukraine crisis, with the euro at eight-month lows against the dollar.

Asian shares sluggish, dollar holds firm before Fed

Last Updated: Wednesday, July 30, 2014, 07:50

Asian shares were subdued while the dollar held steady near an eight-month high against the euro on Wednesday, as investors awaited key U.S. data as well as a U.S. Federal Reserve meeting that some believe might result in a more hawkish policy outlook.

Federal Reserve meets amid calls for tighter policy

Last Updated: Tuesday, July 29, 2014, 22:27

The US Federal Reserve began a two-day policy meeting Tuesday under rising pressure to step off its ultra-dovish stance to address rising inflation and worries of overheated markets.

China shares lead Asia higher, dollar buoyed

Last Updated: Monday, July 28, 2014, 08:37

Upcoming US indicators include the Case-Shiller price index on Tuesday, second-quarter GDP due on Wednesday and non-farm payrolls on Friday. Factory activity surveys for major Asian economies will also be released on Friday. 

'India still faces risk on growth, external front'

Last Updated: Friday, July 25, 2014, 00:07

Stating that even though the formation of a stable government at the Centre has mitigated political risk, a top Reserve Bank official on Thursday said India continues to face threats on the growth and external sector fronts.

Rupee down 15 paise at 60.27 against US dollar

Last Updated: Wednesday, July 16, 2014, 09:42

The rupee had lost five paise to close at 60.12 against the dollar on Tuesday following sustained demand from importers.

Central banks ending era of clear promises, return to ''artful'' policy

Last Updated: Monday, July 07, 2014, 15:07

The world`s major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action.

Gold drops, still set for biggest weekly rise in four months

Last Updated: Friday, June 20, 2014, 20:44

A weaker US currency makes dollar-denominated assets like gold cheaper for foreign investors.