Archives for March 2008

The euro moved higher vis-à-vis the yen as the single currency tested offers around the ¥154. The British pound gained ground vis-à-vis the yen as sterling tested offers around the ¥199. The euro weakened vis-à-vis the British pound as the single currency tested bids around the ? The euro and British pound moved higher vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1. read more

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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here . read more

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DUBAI — Inflation in Saudi Arabia surged to a 27-year high of 8. The February figure is almost 25% higher than January’s 7% inflation rate. Even as the oil-rich Persian Gulf enjoys an economic boom thanks to high petroleum prices, inflation is shaping up as a major challenge. Workers in the United Arab Emirates have rioted recently, protesting their dwindling buying power. read more

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Taiwan?s stock market and currency soared on Monday reflecting investor hopes that closer links with China, promised by a new president elected at the weekend, would give the island?s economy a much-needed boost. The Taiwan Weighted index closed 4 per cent higher at 8865. The local currency took a jump to 30. You have viewed your allowance of free articles. read more

[Tags]currency, 30, 4, 8865, allowance, articles, forex news[/Tags]

The company has $300 million in external commercial borrowings, Euro 165 million leverage buyout debt, $108 million foreign currency convertible bonds and Rs 2. The loan repayment schedule of the company shows $26 million in 2008, $20 million and euro 28 million in 2009 and $175 million and euro 20 million in the year 2010. Wockhardt generated about 49 per cent of revenue or Rs 3,748 million from European markets in the fourth quarter of 2007, around 15 per cent or Rs 1,147 million from the US, Rs 1,825 million or around 24 per cent from India and Rs 898 million or 12 per cent from rest of the world. News about ICICI Bank suffering losses on mark-to-market margins and losses suffered by L&T arm in commodities derivatives prevented investors to hold positions in (Wockhardt) such a choppy markets,? said Ramesh Kuvare of DBM Wealth Management. read more

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