Emerging-market stocks fall completing weekly drop

Source: Bloomberg
© Scanpix/RS
Emerging-market shares edged down on Friday pushing the regional benchmark index towards its first weekly drop in a month as material companies contracted and Philippine stocks decreased from historical high. The MSCI Emerging Market Index dropped 0.2% to 1,044.50 as of 1:47 p.m. Hong Kong time and it fell 0.6% this week.

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Mon, 20 May 2013 08:04:03 GMT

Won drops to four-week low on pressure from North Korea

The South Korean Won was lower by 0.2% to 1,119.70 per U.S. Dollar in the morning of Seoul trading session on Monday. The currency touched a 1,121.08 level, which is the weakest since 23th of April. The Won lost some of its value, as North Korea fired missiles during the weekend, fueling tension among countries.

Fri, 17 May 2013 10:38:03 GMT

Pound drops versus U.S. Dollar on speculation Fed to slow stimulus

The British Sterling decreased against the U.S. Dollar on Friday completing its weekly fall on speculation that the Federal Reserve may begin slowing its bond-buying program boosting demand for the U.S. currency. The Pound declined by 0.2% to $1.5244 at 7:50 a.m. in London following a drop to $1.5174 on May 15, the lowest level since April 4.

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