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HONG KONG: Hong Kong’s de facto central bank said that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.
LONDON: The Co-operative Bank in Britain says its planning to increase its capital cushion by £1.5bil (US$2.4bil) to secure its future but without resorting to state aid.
NEW DELHI: India’s trade deficit widened to a seven-month high in May as gold imports surged, provisional data showed, but economists expect newly announced measures to dampen demand for the precious metal in coming months and narrow the shortfall.
KUALA LUMPUR: THE benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to stabilise and stage a mild rebound this week on stronger bargain hunting activity.
THE greenback was again under pressure with the obvious strength in yen and the euro as investors flocked to safety. US share markets fell as investors continued to fret about US FOMC winding back monetary stimulus despite the fact that the US's AA+ credit rating outlook was raised to stable from negative by Standard & Poor's (S&P), on the back of receding fiscal risks. The greenback found itself again the target of investors looking to push it lower across the board. US$/yen was pushed below levels seen late last week at 95.25.