AAJ TV : Pakistan Ki Awaz

Aaj TV Online - Pakistan Ki Awaz


		Bangladesh garment workers protest spread Pakistan does not deserve David Cameron's insults: Telegraph Thousands fight forest fires in Russia Obama warns Abbas against failure to resume direct talks Kerry, Lugar call for Pakistan-American Enterprise Fund China invests 40 billion dollars in Iran oil, gas Hamas vows revenge after Israeli strikes on Gaza New weather system to enter country in next 12 to 24 hours Heavy flooding in Sindh river Another protester shot dead in IoK: police UN steps up efforts as floods affect nearly a million people EU gives Pakistan 30m euros in humanitarian aid More than 800 dead in rains, flash floods across country

Free Press Release

Euro down in Asia with Greece in focus

Tuesday, 9 Mar, 2010 9:43 am

TOKYO : The euro was weaker in Asian trade Tuesday as investors waited for fresh details on Greece's plans to resolve its debt crisis.

The euro fell to 1.3625 dollars in Tokyo morning trade from 1.3631 in New York late Monday, and to 122.89 yen from 123.07. The dollar declined to 90.20 yen from 90.27.

Persistent uncertainty over Greece's debt crisis weighed on the single European currency as investors waited for "specific measures" on tackling the country's public deficit woes, a Tokyo dealer told Dow Jones Newswires.

The market was cautious ahead of meetings between Greek Prime Minister George Papandreou and US President Barack Obama and his Treasury Secretary Timothy Geithner.

Papandreou was in Washington to call for a crackdown on speculators he has accused of trying to undermine his country's struggle to overcome a severe debt crisis.

Investors were also eyeing upcoming events in Asia, including three central bank meetings and Chinese inflation data due this week. Although the central banks of South Korea, the Philippines and Thailand will likely leave their interest rates unchanged, analysts said they may withdraw some of their stimulus measures as regional growth picks up.

The prospect of eventual interest rate rises in those countries is likely to support their currencies against the lower-yielding dollar and the yen, dealers said.

Japan has kept its interest rates at 0.1 percent since December 2008 and is expected to be one of the last industrialised nations to tighten monetary policy as the country faces deflation and weak domestic demand.

Speculation is mounting that the Bank of Japan will extend its special corporate funding facility when it meets next week.

Copyright AFP (Agence France-Presse), 2010

Share on Facebook

Send This Story

	BP to sell German petrol station unit Aral: report
		Cash-strapped British oil giant BP is looking to sell its German fuel station unit Aral fo..

	Bangladesh garment workers protest spread
		Bangladeshi police fired rubber bullets Saturday in a bid to subdue garment workers who ri..

	Kerry, Lugar call for Pakistan-American Enterprise Fund
		Senate Foreign Relations Committee Chairman John Kerry (D-MA) and Ranking Member Dick Luga..

	China invests 40 billion dollars in Iran oil, gas
		Iran's main economic partner China has invested around 40 billion dollars in the Islamic r..

	Brazil, Uruguay one step closer to integration
		The presidents of Brazil and Uruguay Friday signed a package of cooperation agreements aim..

SBP unexpectedly hikes policy rate by 50 basis points to 13 percent

Gold up at Rs 32,657 per 10 grams

Bangladesh garment workers riot over wages

European stocks falter before US output data

Palm oil climbs on weather worry, eyes exports data

1 2 3


	Economic Survey: assessment without a spin
	Economic Survey for the year 2009-10 released by the Finance Division, Government of Pakis..

	Dealing with difficult relations and issues
	Speaking at a seminar in Washington the other day, US Under Secretary of State for Politic..


	Pakistan's growth prospects: analysis
	First the headlines; the economic survey is out, and looks unimaginably transparent, analy..

	Pakistani dilemma
	The central problem in Pakistan is not "which government" but how is the governance possib..

	Debt sustainability: Thwarting Pakistan economic outlook
	With the growing macroeconomic imbalances, the issue of debt sustainability in Pakistan ha..

	Gloom descends on Gulf beaches; vacation dreams depart
	Christopher Hernandez should have been very busy these days, as the Gulf coast marks the u..

	Partly Facetious: How politics is dependent on history
	"It's a strategy I say!"..

BRindex30		8339.44
KSE-30		10483.36
KSE-100		10519.02
KSE All Shr		7348.91
LSE-25		3367.38
ISE-10		2664.78

Currency	Buying	Selling
Euro	111.30	112.40
USD	85.75	86.05
Pound	133.20	134.50
YEN	0.9840	0.9940
AUSD	76.60	77.60

Terms of Service

Privacy Statement

Business News | Stock News | Aaj TV | Aaj TV Urdu | Play TV

Powered by e-dynamics
Copyright AAJ TV © 2010 All rights reserved