RBS to close some Asian units

Source: Bloomberg
Royal Bank of Scotland has decided instead of selling shut some of its divisions in Singapore, South Korea and Indonesia. RBS, the biggest British State-owned bank will start reforms today with closing equity capital markets, corporate finance units and cash equities in South Korea. RBS has eliminated in total 30 000 working places since its rescue. 
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Tue, 20 Mar 2012 12:55:24 GMT

Loonie strengthens on rally in US markets

Canadian Dollar appreciated close to the strongest value since September as US shares lifted S&P 500 index to four-year record high. Canadian currency, which is highly dependent on global economic expansion and demand for resources, gained 0.5% versus greenback to CAD 0.9869 on Monday. Currently USD/CAD is trading at CAD 0.9878.

Tue, 20 Mar 2012 12:18:03 GMT

US stocks climb on Apple and home builder data

US shares advanced on Monday lifted by Apple Inc's decision to issue dividends amid improved home builder sentiment. S&P 500 index gained 0.4% or 5.58 points and finished at 1,409.75, Dow Jones Industrial Average index added 0.05% or 6.51 points and closed at 13,239.13 while Nasdaq Composite surged 0.76% or 23.06 and settled at 3,078.32.

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