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WASHINGTON – The Bush administration said today it will not issue tough new fuel economy rules for cars and trucks, letting the Obama administration decide how to balance requirements for more efficient models with the massive costs in a struggling ...
Read moreVanguard was reliably informed by banks’ foreign exchange dealers and bureau de change (BDCs) operators that contrary to expectations the apex bank did not sold foreign exchange yesterday. Vanguard investigation revealed that instead of selling to ...
Read moreLAHORE: The National Accountability Bureau (NAB) has filed a reference on Friday against Muhammad Mansoor Khan, owner of Chase Gold International, for misappropriating Rs 22 million. The reference states that an inquiry against Chase Gold ...
Read moreWASHINGTON, Jan 7 (Reuters) - A $30 billion investment in information technology would create or save nearly 1 million U.S. jobs, according to an economic stimulus proposal released on Wednesday by a group backed by some tech companies. The ...
Read more* Martin Feldstein, Harvard University economics professor and the former head of the National Bureau of Economic Research, urges lawmakers to fix "the housing crisis that is the fundamental cause" of economic problems. * Feldstein says "it pains me ...
Read more(WDAS) rose sharply by 26 per cent in 2008 even as the nation’s currency Naira suffered 14.6 per cent depreciation on the average across the three segment of the market. Analysis of WDAS report for 2008 show that foreign exchange purchased by banks ...
Read moreJan. 7 (Bloomberg) -- Taiwan’s central bank cut its benchmark interest rate for a sixth time since late September after an unprecedented decline in exports threatened to push the economy into recession. The Central Bank of the Republic of China ...
Read moreIndications emerged on Monday, that the naira may still fall further against the United States dollar as bureau de change operators predicted more depreciation in the days ahead. The naira exchanged for N138 to the dollar at the BDC segment on Monday ...
Read moreThe Australian dollar was higher at noon, as improved risk sentiment and stronger than expected local retail sales lifted the high-yielding currency. The Australian dollar was trading at $US0.7215, up 1.36% from Tuesday's close of $US0.7117. The ...
Read moreAt 12.00pm (AEDT), the dollar was trading at $US0.7213/17, up 1.36 per cent from Tuesday's close of $US0.7115/20. During the morning, the local unit moved between $US0.7188 and $US0.7232. Senior dealer with online currency trading firm Easy Forex ...
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