Russia wants to weaken the EU, EU leaders say
BRUSSELS, Oct 21 Russia is trying to weaken the European Union, EU leaders agreed on Thursday, noting they needed to stay the course and remain united in policies towards Moscow.
COLOMBO Oct 18 The Sri Lankan rupee ended weaker on Tuesday on dollar demand from importers in the absence of central bank intervention, dealers said.
Rupee forwards were active, with the spot-next ending at 147.25/35 per dollar, compared with its previous day close of 147.00/05.
The spot rupee was quoted at 146.90/95 per dollar, but hardly traded. It was steady last week after two weeks of losses.
The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency.
"There was importer (dollar) demand and traders were reluctant to trade spot below 146.90 because the central bank prevented its trading below this level (last week). But central bank intervention was not seen today," said a currency dealer, asking not to be named.
The central bank has been buying dollars from the market to accumulate reserves to meet targets set by the International Monetary Fund under a $1.5-billion loan deal, dealers said.
Officials at the central bank were not available for comments.
Dealers said they expected the rupee to remain under pressure due to seasonal imports. (Reporting by Shihar Aneez; Editing by Amrutha Gayathri)
WELLINGTON, Oct 21 Nearly six years after twin earthquakes flattened New Zealand's third largest city of Christchurch, many downtown shops and banks are still being housed in shipping containers in a sign of the slow rebuild that has policymakers, investors and locals frustrated.
(Adds data on mutual funds and ETFs, context, analyst quote, table and byline) By Trevor Hunnicutt NEW YORK, Oct 20 U.S.-based bond funds charged back into the good graces of investors during the latest week, attracting $3.4 billion, Lipper data showed on Thursday. Investors pulled the same amount from U.S.-based stock funds during the seven days through Oct. 19, the research service said. The week also marked a dour milestone for municipal bond funds, which broke