rate

CBB raises key interest rate

Manama - BNA

The Central Bank of Bahrain (CBB) has decided today and effective immediately to raise its key policy interest rate. CBB’s key policy interest rate on the one-week deposit facility raised from 1.00% to 1.25%. The CBB has also decided to increase the overnight deposit rate from 0.75% to 1.00% and adjust both the one-month deposit rate from 1.50% to 1.75%Read more

South Korea's Jobless Rate Drops to 3.5% in July

Seoul - QNA

South Korea's jobless rate dropped slightly in July from a year earlier, with the unemployment rate for young adults also declining, a government report showed Wednesday. The unemployment rate in Asia's fourth-largest economy stood at 3.5% last month, compared with 3.6% tallied in June, according to the report compiled by Statistics Korea, cited by Yonhap news agency. The number ofRead more

UK Shop Prices Fall at Slowest Pace Since August

London - QNA

British shop prices declined at the slowest rate since August last year, according to an industry survey published on Wednesday, adding to tentative signs that price pressures may be building since June's Brexit vote. The British Retail Consortium said shop prices were 1.6 % lower in July than a year ago, shallower than June's decline of 2.0%. Some business surveysRead more

Foreign exchange rate of Euro to other currencies

Frankfurt - Xinhua

he following are the foreign exchange reference rates of euro to other currencies at the European Central Bank on Friday: One euro to: U.S. dollar 1.1066 Chinese yuan renminbi 7.3301 Japanese yen 113.23 Danish krone 7.4371 British Pound 0.8075 Swedish krona 9.461 Swiss franc 1.0808 Norwegian krone 9.42 Russian rouble 72.6282 Turkish lira 3.2457 Australian dollar 1.491 Canadian dollar 1.4392Read more

South Korea's Jobless Rate Slips to 3.7% in May

Seoul - Arab Today

South Korea's jobless rate fell slightly in May on a rise in the number of employees in the health and accommodation sectors, with the unemployment rate for young people still remaining high, a government report showed Wednesday. The unemployment rate in Asia's fourth-largest economy stood at 3.7% last month, compared with 3.9% tallied in April, according to the reportRead more

PSX faces correction over CGT rate hike rumors

Islambad - Arab Today

The Pakistan Stock Exchange (PSX) was hit by a strong wave of correction on Monday as investors decided to sell off their holdings amid rumors of hike in the rate of Capital Gains Tax (CGT) in the upcoming Budget 2016-17. The Pakistan Stock Exchange's benchmark KSE 100-Index slumped by 1.25 percent or 459.57 points on Monday when compared with 36,694.26Read more

BOK freezes key rate at 1.5% for May

Seoul - QNA

The Bank of Korea(BOK) has frozen the nation’s key interest rate at one-point-five percent for the eleventh consecutive month. In its monthly monetary policy meeting on Friday, the BOK decided to keep the record-low rate steady for May. The BOK lowered the rate four times between August 2014 and June last year by a total of one percentage pointRead more

BOK expected to hold key rate frozen in May

Seoul - QNA

South Korea's central bank will likely hold its key rate steady this month, extending its wait-and-see mode amid what many observers have called mild signs of recovery, a poll showed Tuesday. In a poll conducted by Yonhap Infomax, the financial news arm of South Korea's (Yonhap) News Agency, 16 out of 18 economists surveyed forecast the Bank of KoreaRead more

Chinese Yuan Weakens to 6.5232 against dollar Monday

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 basis points to 6.5232 against the US dollar on Monday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, according to China's (Xinhua)Read more

Chinese Yuan weakens to 6.4824 against USD monday

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 196 basis points to 6.4824 against the US dollar on Monday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, according to China's (Xinhua)Read more