Tag: Euro

Govt expected to take $9.69bn loan in FY2018-19

It is likely that the government might take a loan of $9.69 billion during the fiscal year 2018-19. According to the Economic Affairs Division (EAD),...

Brazil faces Euro resistance on road to redemption in Russia

MADRID: A rejuvenated Brazil looking to heal the wounds of home soil humiliation four years ago will lead the South American charge for the...

British Pound falls vs Euro, Dollar as threat of further cuts...

    Pound sterling was notably lower on Tuesday as the Bank of England commenced its quantitative easing programme. Investors rushed to sell bonds to the Bank...

Messi fires Argentina into Copa America final

Lionel Messi was too much for the United States to contain. The five-time world player of the year set up Ezequiel Lavezzi's opening goal in...

Euro sinks as safe havens rally after Paris attacks

  The euro fell against its major peers in Asia Monday as dealers shifted back to safer investments after the deadly weekend terror attacks in...

All eyes on ECB after Greek ‘No’ vote

All eyes were on the European Central Bank (ECB) on Monday following the resounding 'No' in the Greek referendum, with the ECB seen as the only institution capable of calming market panic and preventing the Greek economy from collapsing.

Greece votes in referendum with future in euro in doubt

Greeks started casting ballots early Sunday in the closely watched bailout referendum, with opinion polls showing people evenly split on whether to accept creditors'...

Germany, Pakistan sign 102.5m euro agreement

Pakistan and Germany Friday finalised the bi-annual government to government negotiations for calendar year 2013 and signed Eruo 102.5 million agreement for executing various...

Pakistan approves tax break for refineries to produce Euro 2-compliant gas...

Pakistan has approved raising the tax break offered to refiners on high speed diesel to 9% from 7.5%, to help them recover the cost...

Draghi concerned over euro

European Central Bank (ECB) president Mario Draghi signalled on Thursday that policy makers were concerned the euro’s advance could hamper an economic recovery. "The exchange...

Euro surges to 14-month high, Fed decision awaited

The euro hit its highest level in over a year on Wednesday and shares, oil and metals were also on the rise, as confidence...

Pakistan to get 42m Euro aid from EU

India will continue to be a focus of the European Community’s humanitarian assistance in 2013, but five major global hotspots of crises, including Pakistan,...

The euro zone’s delayed reckoning

The risks facing the euro zone have been reduced since the summer, when a Greek exit looked imminent and borrowing costs for Spain and...

Global shares fall on US fiscal worry; oil up on China

China's vast manufacturing sector expanded in early December at the fastest pace in 14 months as new orders and employment rose, a survey showed,...

Dollar climbs vs euro on US jobs data; Fed eyed

The dollar had soared immediately after the headline data for November stoked speculation that the U.S. central bank may opt for a smaller stimulus...

Asian markets extend gains, euro rebounds

Asian markets climbed Friday, following a positive lead from Wall Street, while the euro retraced some of its losses made in New York after...

Wall St rallies on fiscal hopes, Spain hits euro

US stocks rose on Wednesday after President Barack Obama said a deal to avert the looming fiscal cliff was possible within a week, while...