Dollar stable against taka, hit record low against yen
It was a busy week for central banks around the world, with monetary policy meetings in the US, NZ and Japan. This made for a very interesting end to the week for the FX markets as investors digested the deluge of information coming from policymakers.
Market observers say the lingering impact of these game-changing meetings, and possibility of fireworks in this week’s policy meeting in Europe as well, may continue to influence investor sentiment for some time to come as the market reassesses prior assumptions about the trajectory of monetary policy in these countries.
Ukraine crisis: Obama urges Putin to pursue diplomacy
US President Barack Obama has urged President Vladimir Putin to seek a diplomatic solution to the crisis in Ukraine, in a lengthy telephone call.
In their hour-long conversation, the Russian leader said Moscow-Washington relations should not suffer.
Russian troops have taken de facto control of Crimea following the fall of Ukraine's pro-Moscow president.
The crisis has led to a boycott by many foreign dignitaries of the So...
The crisis has led to a boycott by many foreign dignitaries of the So...
Italy’s PM-designate Matteo Renzi names new cabinet
The Italian centre-left leader, Matteo Renzi, has formally accepted the mandate to lead a new government, and has named his cabinet, reports BBC.
At 39, Mr Renzi will be Italy's youngest prime minister. He is due to be sworn in as PM on Saturday.
The Democratic Party leader has spent several days negotiating with factions to formalise his coalition.
Mr Renzi ousted his party colleague Enrico Letta, who had led Italy for just 10 months.
The PM-designate has an ambitious plan for the count...
At 39, Mr Renzi will be Italy's youngest prime minister. He is due to be sworn in as PM on Saturday.
The Democratic Party leader has spent several days negotiating with factions to formalise his coalition.
Mr Renzi ousted his party colleague Enrico Letta, who had led Italy for just 10 months.
The PM-designate has an ambitious plan for the count...
Obama meets Dalai Lama
President Barack Obama held low-key talks with the Dalai Lama at the White House on Friday after warnings from Beijing that the meeting with the exiled Tibetan spiritual leader would "seriously damage" ties with Washington.
The private meeting lasted about an hour, although the Dalai Lama, a Nobel Peace Prize laureate, was not seen by White House photographers as he entered or exited the complex.
The White House sidestepped questions about whether it was worried Obama's meeting - his third with the Dalai Lama - would upset its relat...
The private meeting lasted about an hour, although the Dalai Lama, a Nobel Peace Prize laureate, was not seen by White House photographers as he entered or exited the complex.
The White House sidestepped questions about whether it was worried Obama's meeting - his third with the Dalai Lama - would upset its relat...
FGV eyes Pakistan, India, Bangladesh marts
Felda Global Ventures Holdings Bhd (FGV), the world's third largest oil palm plantation operator, is eyeing a bigger external network and to tap the Pakistan, India and Bangladesh markets this year.
Senior Vice-President and Acting Head of Downstream, Zakaria Arshad of the company said these countries offered tremendous business potentials, especially in exporting downstream products which FGV has to offer.
"FGV is targeting markets that have few players and at the same time have big consumer spending of which most ...
Senior Vice-President and Acting Head of Downstream, Zakaria Arshad of the company said these countries offered tremendous business potentials, especially in exporting downstream products which FGV has to offer.
"FGV is targeting markets that have few players and at the same time have big consumer spending of which most ...
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