Equity indices touch fresh highs as rupee strengthens

Mumbai, Aug 21 : An appreciation in the Indian rupee lifted the key equity indices — S&P BSE Sensex and the NSE Nifty50 — to fresh intra-day highs during the morning trade session on Tuesday. The BSE Sensex touched a high of 38,402.96 points, while the Nifty50 climbed a peak of 11,581.75 points. However, broadly […]

Venezuelans flee to Brazil amid economic uncertainty

Brasilia, Aug 21 : The number of Venezuelans trying to flee a national economic collapse and migrating to Brazil is rising, an official has said. The Brazilian army spokesman said about 900 Venezuelans were expected in Rorarima state on Monday, despite Saturday’s attacks on makeshift migrant border camps, the BBC reported. The steep rise in […]

Tokyo stocks open lower

Tokyo, Aug 21 : Tokyo stocks opened lower on Tuesday as interest rate hikes by the US Federal Reserve sent the yen higher against the US dollar which negatively impacted exporter issues and dented market sentiment. The 225-issue Nikkei Stock Average dropped 119.61 points, or 0.54 per cent, from Monday to 22,079.39, Xinhua news agency […]

US dollar weakens against main currencies

New York, Aug 21 : The US dollar declined 0.3 per cent as expected trade talks between the US and China eased market concerns. In late New York trading on Monday, the euro increased to $1.1467 from $1.1436 in the previous session, and the British pound rose to $1.2785 from $1.2720 in the previous session, […]

Venezuela cuts five zeros from currency as economic plan sows confusion

By Corina Pons and Tibisay Romero CARACAS/VALENCIA, Venezuela, Aug 20 : Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. Streets were quiet […]