Pakistans Overseas Remittances Exceed 2 bln

KARACHI, Pakistan, April 12 Reuters Remittances of 2.7 billion in March from Pakistani workers employed abroad exceeded 2 billion for the 10th consecutive month, and were up 43 from a year earlier, the central bank said on Monday. Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with […]
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Japanese Shares Fall as Yaskawa Leads Tech SellOff

TOKYO, April 12 Reuters Japanese shares ended lower on Monday, dragged down by sharp losses in Yaskawa Electric after the industry bellwethers earnings outlook failed to meet the markets expectations, prompting a selloff in other tech stocks. Nikkei average fell 0.77 to close at 29,538.73. It has been in a holding pattern after hitting a […]
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GBP Down, CAD Up; EU Retail Sales

Rates as of 0500 GMT Market Recap Only small changes in FX rates Friday this morning. GBP continued what seems like its inexorable decline, the fifth day out of six that its been lower when I opened my spreadsheet in the morning. Nothing new here that I can discern just people trimming their long positions, […]
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Oil Prices Drop as Coronavirus Caseloads Rise

Oil slipped on Monday in thin trading as rising COVID19 case numbers in some parts of the world kept a lid on prices, even as the Federal Reserve signalled the U.S. economy may soon rebound as vaccinations accelerate. Brent was up 28 cents, or 0.4, at 62.67 a barrel by 0635 GMT, having risen to […]
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AUD Eases amid Disappointing Vaccine Rollout, NZD Unchanged

SYDNEY, April 12 Reuters The Australian dollar opened the week slightly lower on Monday, as investor mood soured following setbacks in the countrys vaccination programme, while the New Zealand dollar was little changed. The Aussie dollar was down 0.15 at 0.7606, extending Fridays losses, which were triggered by worries about a slowdown in the countrys […]
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