Wall Street rebounds as Pfizer reports earnings

Note: This section contains information in English only.
Source: Reuters
U.S. shares closed higher on Tuesday session after pharmaceutical company Pfizer reported favourable earnings report bringing optimism on markets as the benchmark index Dow Jones fell for five straight session. The Standard & Poor's 500 Index added 0.61% to 1,792.50, the Dow Jones industrial average gained 0.57% to 15,928.56 and the Nasdaq Composite Index surged 0.35% to 4,097.96.

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Wed, 29 Jan 2014 09:34:06 GMT

Greenback rises as Turkish central bank raises rates

The U.S. Dollar advanced on Wednesday session rising against the Euro and the Japanese Yen after the Turkish national bank hiked its interest rates in a dramatic fashion easing concerns over less liquidity on emerging markets. The so-called Greenback added 0.4% to 103.34 yen after falling to the lowest level in seven weeks at 101.77, while it gained 0.1% to

Wed, 29 Jan 2014 09:04:03 GMT

Turkish central bank raises rates in dramatic fashion

Turkey's national bank decided to increase all of its benchmark interest rates at an emergency policy meeting yesterday despite an opposition of the Prime Minister Tayyip Erdogan defending the country's weak currency. The Turkish central bank raised lending rate in dramatic fashion from 7.75% to a level of 12%, while the one-week repo rate was increased from 4.5% to 10%.

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