23 October 2014

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ECB bond-buying reports send euro lower

NEW YORK  Reports that the European Central Bank could expand its bond-buying programme to corporate debt pushed the euro lower against the dollar and other major currencies Tuesday.The idea, reportedly under discussion at the ECB but not yet decided on, comes as the central bank struggles to combat deflation pressures and shore up growth in the 18-nation eurozone. If followed through early next year as some reports suggest, the move could further push down long-term interest rates in the euro

Euro flat in Asia after drop on ECB easing plan reports

TOKYO- The euro held steady in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme.In Tokyo morning trade, the common currency fetched $1.2720 and 136.01 yen against $1.2714 and 136.04 yen in New York late Tuesday. The single currency had been at $1.2800 and 136.86 yen the previous day.The dollar was little changed at 106.90 yen against 106.99 yen, despite fresh data that showed US

Hong Kong shares climb 0.92 percent at open

Hong Kong shares climb 0.92 percent at openHONG KONG: Hong Kong shares rallied 0.92 percent in the opening exchanges Wednesday following a third straight day of hefty gains on Wall Street.The benchmark Hang Seng Index rose 211.87 points to 23,300.45.

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