currency
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Business
Japan yen intervention cost estimated $20.8 billion
Tokyo: The Japanese government’s intervention to bolster the national currency last week cost an estimated three trillion yen ($20.8 billion),…
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Business
Lebanon currency hits new low, sparking protests
BEIRUT: The Lebanese pound fell to a new low against the US dollar on the black market Monday as a…
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Business
US closely monitoring China, Switzerland currency policies
WASHINGTON: The US Treasury said it will keep a close eye on China’s economic policies and actions to influence the…
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Business
Turkey’s annual inflation rate surges as currency crisis bites
ANKARA: Turkey’s annual inflation rate surged Friday above 20 percent-its highest in three years-although the main opposition leader accused officials…
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Business
Lebanese currency drops to new low
BEIRUT: The Lebanese pound sank to a new low on the black market Friday, with no end in sight to…
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Business
Lebanon currency hits new low
BEIRUT: Lebanon’s currency hit a new low against the dollar on the black market yesterday, continuing its freefall in a…
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Business
Sudan shifts to managed currency float amid crisis
KHARTOUM: Sudan announced yesterday it was ditching its fixed exchange rate and adopting a managed float, in line with an…
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Business
Momentum drains from West African common currency plans
Chiefs of the 15-nation Economic Community of West African States (ECOWAS) regional bloc said last year the Eco would be…
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Business
Fitch affirms Kuwait rating at ‘AA’
HONG KONG: Fitch Ratings has affirmed Kuwait’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘AA’ with a Stable Outlook. Key…
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