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Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as regional shares fell on concerns about turmoil in the U.S. banking sector and an impending recession.
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Hoyo, SBC Recalls Frozen, Ready-To-Eat Beef Sambusa Product

Hoyo, SBC Recalls Frozen, Ready-To-Eat Beef Sambusa Product

Bloomington, Minnesota -based Hoyo, SBC is recalling around 1,046 pounds of ready-to-eat beef sambusa products citing possible foreign matter contamination, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recalled products may be contaminated with extraneous materials, specifically thin, wire-like metal.
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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Monday.
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Euro Falls Ahead Of German PPI Data

Euro Falls Ahead Of German PPI Data

At 3:00 am ET, Destatis is scheduled to issue Germany's producer prices data for February. Economists forecast producer price inflation to ease to 14.5 percent from 17.8 percent in January.
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European Economic News Preview: Eurozone Foreign Trade Data Due

European Economic News Preview: Eurozone Foreign Trade Data Due

Foreign trade from the euro area and producer prices from Germany are the top economic news due on Monday. At 3.00 am ET, Destatis is scheduled to issue Germany's producer prices for February. Economists forecast producer price inflation to ease to 14.5 percent from 17.8 percent in January.
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Australian Dollar Slides As Traders Remain Cautious

Australian Dollar Slides As Traders Remain Cautious

The Australian dollar retreated from recent highs against other major currencies in the Asian session on Monday, as traders remain cautious and assess the impact of the crisis in the global banking sector, even as failing financial institutions secure a lifeline from peer institutions and central banks to avoid a global meltdown.
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China Retains Benchmark Lending Rates As Expected

China Retains Benchmark Lending Rates As Expected

China retained its benchmark lending rates for the seventh straight month on Monday after a surprise reserve requirement ratio reduction last week. The People's Bank of China left its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 4.30 percent.
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Sensex, Nifty Open Lower On Weak Global Cues

Sensex, Nifty Open Lower On Weak Global Cues

Indian shares opened lower on Monday, tracking weak global cues on concerns about turmoil in the U.S. banking sector and an impending recession.
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Asian Markets Decline On Weak Global Cues

Asian Markets Decline On Weak Global Cues

Asian stock markets are trading lower on Monday, following the broadly negative cues from global markets on Friday, as traders remain cautious and assess the impact of the crisis in the global banking sector, even as failing financial institutions secure a lifeline from peer institutions and central banks to avoid a global meltdown. Asian markets closed mostly higher Friday.
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Sensex, Nifty Seen Tad Lower At Open

Sensex, Nifty Seen Tad Lower At Open

Indian shares look set to open a tad lower on Monday amid fears that the U.S. banking turmoil will lead to tighter lending standards that will cripple small businesses and eventually send the world's largest economy into a recession.
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