Sterling edges higher as investors eye Brexit talks

WNM | Aug 27, 2019 at 10:55 AM

The British pound rose slightly on Tuesday as investors digested the latest Brexit developments, although sterling was below a three-week high as traders kept to their large short positions betting against the currency.

Wall Street sinks as yuan slide inflames U.S.-China trade dispute

WNM | Aug 5, 2019 at 8:23 PM

Stock markets around the world fell hard on Monday on fears that China’s willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world’s two largest economies.

India’s PNB says detects 38 billion rupee fraud

WNM | Jul 7, 2019 at 3:11 PM

India’s state-run Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the country’s central bank.

Turkish lira soars nearly 2.8% after Trump-Erdogan meeting

WNM | Jul 1, 2019 at 11:14 PM

The Turkish lira soared nearly 2.8% on Monday to its strongest level since April after President Tayyip Erdogan said he heard from U.S. President Donald Trump there would be no sanctions over Turkey’s purchase of Russian S-400 defence systems.

Pakistan rupee drops to record low

WNM | Jun 26, 2019 at 4:26 PM

Pakistan’s rupee dropped to another record low on Wednesday, sliding more than 3% in a day, the central bank said.