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Foreign Exchange News

Argentine Stocks Tumble as Biggest Holders Seized (Update3)Friday, November 21, 2008 @ 12:47PMNov. 21 (Bloomberg) -- Argentina’s main stock index fell for the biggest weekly decline among global markets after the government got final approval to seize the nation’s biggest shareholders.

MONEY & BANKINGFriday, November 21, 2008 @ 12:42PMCREDIT MARKET: Banks prefer G-Secs, parking with RBI to corporate lending Chennai, Nov. 21 After all the liquidity enhancement measures that have been announced over the past month, you would have thought money would be pouring out of every tap and corporates would be rolling in ...

Spicejet Q2 losses increase four-foldFriday, November 21, 2008 @ 12:40PMLow cost carrier Spicejet increased its net losses by 421 per cent at Rs 197.54 crore for the quarter ended September 30, 2008 as compared to Rs 37.70 crore in the corresponding period last year.

(AFX UK Focus) 2008-11-21 18:06 UPDATE 2-Latvia c.bank says IMF to add to currency stabilityFriday, November 21, 2008 @ 12:39PMBy Patrick Lannin

Asian markets fall in wake of Wall St panicThursday, November 20, 2008 @ 10:43PMStock markets across Asia tumbled this morning amid fears that the American economy is set to plunge further into a deep recession as the US car industry is left to collapse.

Rupee down 30 paise against dollarThursday, November 20, 2008 @ 10:38PMRupee fell by 30 paise against the US currency to Rs 50.50 in early trade today on heavy outflows of foreign funds amid melting Asian equity markets.

Thermax: Cooling downThursday, November 20, 2008 @ 10:38PMA slowdown in the execution of projects could hurt the firm’s top line growth. The Thermax management sees the execution of large projects slowing down in the current tight liquidity environment.

Government bond prices zoomThursday, November 20, 2008 @ 2:30PMGovernment bond prices surged across the curve On Thursday on hope that slowing economic growth, problems in credit delivery to industry and the need to maintain comfortable liquidity could prompt the Reserve Bank of India (RBI) to cut interest rates at the earliest.

Sebi says no unusual trades in ICICI counterThursday, November 20, 2008 @ 2:29PMAfter the central bank’s rare move to clarify the liquidity position of India’s second largest lender ICICI Bank in October, the Securities and Exchange Board of India (Sebi) on Thursday came to the rescue of the bank, scotching rumours that the bank’s top management has been offloading their stakes for the last few days.