The News Review:
- Kenya forex, stocks suspend trade due to violence
- Forex reserves rise by USD 1,754 mn
- FOREX: Ringgit To See Some Correction Next Week
- BOT governor denies political pressure behind sudden move; rules out…
- TAIPEI, Taiwan — Taiwan share prices closed 0.58 percent lower…
Kenya forex, stocks suspend trade due to violence
Globe and Mail – Mar 1, 2008
The foreign exchange market shut down around noon after police asked people to leave the centre of Nairobi, a bank treasurer said. The full text of this article has 535 words.
Forex reserves rise by USD 1,754 mn
Myiris.com – Mar 1, 2008
22, 2008, mainly due to the increase in foreign currency and assets collections, on a weekly basis. As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Feb. 29, 2008, foreign currency and assets moved up USD 1,751 million to USD 284,989 million. During the same period, the reserve position in the international monetary fund (IMF) increased by USD 3 million to USD 422 million.
FOREX: Ringgit To See Some Correction Next Week
Bernama – Mar 1, 2008
The ringgit, which peaked at a 10-year high against the US dollar on Feb 15, has been on an upward trajectory for the past fortnight, buoyed by positive economic data for the Malaysian economy and continuing weakness of the US dollar. The greenback dropped to its lowest level in almost three years versus the yen and a record low against the euro on fears of more Fed rate cuts and growing signs of a weakening U.
BOT governor denies political pressure behind sudden move; rules out…
Nation Multimedia – Mar 1, 2008
Finance Ministry public-debt restructuring and management will help bolster the balance of capital flows, she said. The bank has more instruments to manage liquidity and the baht under the new Bank of Thailand Act. Moreover, manufacturers and exporters can adjust to an appreciating baht through forex hedging, along with improvements in production efficiency, management and market diversification. "There had been widespread expectation we would lift the measure. As a result, market participants have adjusted behaviour in line with these expectations. This lessens the efficiency of the withholding reserve requirement," said Tarisa.
TAIPEI, Taiwan — Taiwan share prices closed 0.58 percent lower…
China Post – Mar 1, 2008
Electronics exporters and insurance firms with hefty overseas investment suffered due to fears of forex losses resulting from the firmer Taiwan dollar. However, ?the currency gains served as catalyst for local construction firms and those holding large real estate (stocks),? Chao said. Bellwether electronics and financial stocks lost steam on fears of forex losses due to the strong performance of the Taiwan dollar recently, dealers said. Taiwan Semiconductor Manufacturing Co. 60 and United Microelectronics Corp.