Gold ETFs see Rs 500 cr outflow in 2 months

Last Updated: Monday, June 22, 2015, 16:24

Gold exchange traded funds (ETFs) have lost favour among investors as mutual fund managers pulled out close to Rs 500 crore from these products in the first two months of the fiscal, mainly on account poor return.

European stocks extend gains, dollar lifted by Fed feelings

Last Updated: Thursday, June 11, 2015, 15:08

Europe`s main bourses picked after a slow start with the region`s benchmark FTSEurofirst 300 last up 0.5 percent, as hopes returned that Greece was close to sealing a deal with its creditors. Athens` stock market surged more than 6 percent.

Australia unemployment rate drops to 6.0 percent

Last Updated: Thursday, June 11, 2015, 13:48

The Australian economy has struggled to fill the gap left by the end of the boom in mining investment, which has helped it avoid a recession for more than two decades.

Dollar steady after Obama denies surging unit comment

Last Updated: Tuesday, June 9, 2015, 12:43

In Tokyo afternoon trade, the US unit fetched 124.45 yen, against 124.47 yen in New York and 125.52 yen in Tokyo earlier Monday.

Dollar rises ahead of May US jobs report

Last Updated: Friday, June 5, 2015, 10:45

"There`s no doubt that the US economy and the labor market is improving, but the dollar is also overbought so even if it pushes higher on the back of a strong jobs number, it could be hit by profit-taking next week" ahead of a Federal Reserve policy decision on June 17, Lien said.

Tokyo stocks open 0.44% lower

Last Updated: Friday, June 5, 2015, 10:39

The Nikkei 225 index at the Tokyo Stock Exchange fell 89.43 points to 20,398.76 at the start.

Asia stocks mostly down, euro sinks as Greece delays payment

Last Updated: Friday, June 5, 2015, 10:25

Tokyo fell 0.44 percent by lunch, Hong Kong lost 0.20 percent and Seoul gave back 0.38 percent, but Sydney was flat and Shanghai rose 1.54 percent.

Gold under pressure despite softer dollar as fund outflows weigh

Last Updated: Wednesday, June 3, 2015, 10:17

Spot gold slipped 0.2 percent to $1,191.40 an ounce by 0323 GMT, after gaining 0.4 percent on Tuesday.

Dollar steady in Asia despite weak US GDP data

Last Updated: Monday, June 1, 2015, 12:05

"Traders will look at this week`s data with a little bit of caution, but the main thing is, if the euro is losing ground, naturally you find the US dollar tends to benefit from that," Stan Shamu, a markets strategist IG Ltd., told Bloomberg News.