Loonie strengthens on rally in US markets

Note: This section contains information in English only.
Source: Bloomberg
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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.
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Tue, 20 Mar 2012 13:32:31 GMT

S&P 500 adds 0.4% driven by Apple

S&P 500 index strengthened to an almost four record high on news Apple Inc prepares to pay dividends and buy back its stock. US benchmark advanced 0.4% or 5.58 points and finished at 1,409.75. Apple surged 2.7% and UPS jumped 3.4% on announcement the company increased its bid for TNT Express NV by 5.6%. Morgan Stanley added 2.7% after lender

Tue, 20 Mar 2012 12:28:53 GMT

RBS to close some Asian units

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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