Wednesday, 17 Nov 2010 Allied Irish Banks Plc, struggling to raise the capital it needs to stay out of government hands, must meet the equivalent of about $1.8bn of early bond repayments before the end of the year. Bloomberg News reported from London on Tuesday that Ireland‘s second-largest lender, which […]

By Agency Reporter Wednesday, 17 Nov 2010 South Korea‘s central bank has raised interest rates to 2.5 per cent from 2.25 per cent, following its latest policy meeting. British Broadcasting Corporation reported on Tuesday that the decision was widely expected, with most economists having forecast an interest rate rise in October. […]

By Agency Reporter Wednesday, 17 Nov 2010 The dollar hit a six-week high against the euro on Tuesday, supported by a rise in United States Treasury yields. However, it later retreated as officials from the Federal Reserve sounded a dovish tone and defended its easing policy. According to a Reuters report […]