The dollar rose against the yen in Asia on Thursday, buoyed by recovery hopes after the Federal Reserve said the downturn in the US economy appeared to be slowing. The dollar firmed to 97.75 yen in Tokyo morning from 97.66 yen in New York late Wednesday, helped by an increase in ...

The dollar was slightly weaker against the yen in Asia on Wednesday as investors weighed prospects of a US economic recovery in light of a Washington plan to cleanse banks of bad assets. The dollar slipped to 97.62 yen in Tokyo afternoon trade from 97.86 in New York late Tuesday. The ...

China has called for ditching the US dollar as the international reserve currency, sweeping away a decades-old system to stabilise the world monetary climate and protect its massive forex reserves. People’s Bank of China Governor Zhou Xiaochuan said he wants to replace the dollar, installed as the reserve ...

The 27-member high-powered taskforce to fight recession sits today, the first since it was formed on March 18, to take stock of the emerging situation of the country's economy as the fallout of the global recession and suggest measures to face the challenges. Finance Minister AMA Muhith, the taskforce convener, will ...

Asian currencies were mostly down against the dollar during the week, as lingering concerns about the effect of the global recession on the region spooked investors. JAPANESE YEN: The yen lost ground during the week as the dollar received buying support after Washington unveiled a new plan to shore up the ...

Bangladesh may face slowing economic growth in fiscal 2008-09, hurt by a slowdown in the export-based industry and a decline in remittance as the financial crisis is panning out across the world, Asian Development Bank said yesterday. “The ...

Asian currencies ended the week mainly lower against the dollar, with the yen in particular expected to weaken further amid a gloomy outlook for the economy. JAPANESE YEN: The yen slipped to its lowest level in three and a half months against the dollar amid negative prospects for Japan’s economic recovery, ...

The European single currency retreated Friday against the dollar as investors digested tumbling eurozone inflation data ahead of fourth-quarter economic growth numbers in the United States. In midday London trade, the European single currency fell to 1.2673 dollars from 1.2743 late on Thursday. Against the Japanese currency, the dollar sank to 97.30 ...

The dollar rose to a more than three-month high against the yen in Asian trade Thursday on renewed hopes of action by Washington to help banks hammered by the credit crunch. Investors were also selling the yen because of deepening fears about the health of the Japanese economy, dealers said. The dollar ...

The European single currency fell against the dollar on Wednesday after official data confirmed that the recession-hit German economy shrank sharply late last year. The greenback also won support after US President Barack Obama had pledged overnight to fix the embattled American economy. In morning London trade, the ...