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Results for Tag: Currency

Dollar is no longer the world's king pin currency: French President

The US dollar can no longer claim to be the sole world currency, French President Nicolas Sarkozy said Thursday before a weekend summit on the global financial crisis that has its roots in the United States. "I leave for Washington

Govt launches action against currency exchange companies

The Federal Investigation Agency (FIA), Lahore has arrested two persons accused of running an illegal currency business and initiated an interrogation regarding their alleged involvement into laundering millions of rupees abroad. The FIA

Recession fears hit stocks and currency markets

LONDON (AFP) - Growing warnings of an “inevitable” global recession and the expectation of more interest rate cuts triggered turmoil on the currency markets and sharp falls on stock exchanges Wednesday. The British pound fell to a