SUBSCRIBERS
Euro dives under US$1.12 on likely ECB action
Published Tue, May 19, 2015 · 09:50 PM
London
THE euro dived back below US$1.12 on Tuesday after European Central Bank (ECB) officials said the bank could take further action to lower eurozone bond yields and boost inflation, potentially flooding the market with yet more euros.
Sterling also skidded, shedding over one per cent to fall below US$1.55 after data showed British inflation fell into negative territory last month for the first time since 1960.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
Huawei profit surges 564% as it eclipses Apple in China
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Boosted by name brand beers, Carlsberg sees higher sales
JPMorgan promotes about 150 in Asia, EMEA to managing director
Brokers’ take: Analysts upgrade iFast’s rating on higher growth expectations