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New Zealand hikes interest rates to seven-year high

WELLINGTON: New Zealand's central bank on Wednesday delivered its eighth consecutive interest rate hike, sending the country's borrowing costs to their highest level in...

Foreign exchange: SBP reserves go down by $843.7 mln

KARACHI: The data released by the State Bank of Pakistan (SBP) showed on Thursday that the foreign exchange reserves dropped by $843.7 million during...

India says forex reserves comfortable to withstand rupee fall

NEW DELHI: India’s foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market, the...

Six top banks fined for forex, Libor rigging

NEW YORK: US and British regulators hit six leading global banks with fines of nearly $6 billion Wednesday for rigging the global foreign exchange and Libor interest rate markets to bolster their profits.

Dollar firms on lingering hopes for June rate hike

TOKYO: The dollar firmed Thursday after the minutes of the Federal Reserve's last policy meeting showed a split over the timing of an interest-rate increase, keeping chances of a June hike alive.

Euro struggles as Greek debt talks collapse

TOKYO: The euro lost more ground against the dollar in Asia on Tuesday after talks between Greece and its creditors collapsed, fanning fears that the country will tumble out of the eurozone.

Asian stocks mostly lower, Japan GDP eyed

HONG KONG: Asian markets mostly slipped Friday on profit-taking after a healthy run-up this month, while another record close for the Dow on Wall Street helped limit losses.

Pakistan forex reserves crosses $ 14bn

KARACHI: The foreign exchange reserves of Pakistan have crossed $ 14 billion in the week ending June 20,  ARY News reported Saturday. According to State...

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