Forex

The IMF forecast Thursday that Iraq's economy would grow around nine percent this year helped by surging oil production, but said Baghdad needs to do more to support private, non-oil business.

Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week's BRICS summit of the world's five emerging powers, Trade and Industry Minister Fernando Pimentel said Thursday.

European stock markets slid Thursday as disappointing eurozone data and the Cyprus bailout impasse overshadowed strong Chinese economic performance.

The Bank of Japan's new governor Haruhiko Kuroda on Thursday pledged "all-out efforts" to rid Japan of growth-sapping deflation as gloomy new trade data underlined the scale of the task ahead.

Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world's number two economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.

Japan logged another trade deficit in February, this time of $8.1 billion according to the latest figures, reversing a year-earlier surplus and underscoring the uncertain state of the world's third-largest economy.

Myanmar on Wednesday announced the abolition of its US dollar proxy currency, in the latest step towards economic normalisation as the impoverished former pariah opens to the world.

Asian markets were mixed on Wednesday after Cypriot lawmakers comprehensively rejected a plan to tax savings as part of a crucial bailout deal.

South Africa's central bank held off cutting interest rates to boost the continent's largest economy Wednesday, as rising inflation bound the hands of policymakers.

The euro sank 0.5 percent Tuesday as Cyprus threw its EU-IMF bailout in question when legislators rejected a controversial bank deposit tax meant to raise funds for the government.

Europe's main stock markets suffered further losses and the euro slid on Tuesday as Cyprus' international bailout appeared close to unravelling.

Europe's main stock markets dipped on Tuesday ahead of a key parliamentary vote in Cyprus on a crucial bailout deal that sent global share prices reeling the previous day.

Asian markets mostly rebounded on Tuesday while the yen fell against the dollar and euro as concerns over the eurozone abated on news Cyprus was reworking a controversial savings levy.

The euro sank against other major currencies Monday after the proposed bailout for Cyprus, including a steep tax on bank depositors, revived concerns about the eurozone.

Europe's main stock markets lost ground and the euro fell under $1.30 on Monday on news that Cyprus might tax bank deposits as part of a controversial international bailout.

Asian markets tumbled on Monday and the euro sank as eurozone fears returned on news that Cyprus was planning to tax bank depositors as part of a controversial bailout.

Asian markets were mixed on Friday following another strong lead from Wall Street, where traders took heart from more upbeat US jobs numbers.

Asian markets mostly rose on Thursday, while the dollar climbed against the yen after Japan's parliament agreed the government's nominees to lead the Bank of Japan.

Venezuela is planning a complementary system to increase a supply of dollars hindered by strict currency control measures, acting President Nicolas Maduro said.

Asian markets mostly fell on Wednesday, with few catalysts to drive buying after recent gains, while Wall Street provided a limp lead.