ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.12% to close at 4503.58 points. Accordingly the Market Capitalization has gained AED 0.88 billion attaining AED 730.54 billion. A total of 378.09 Million Shares were traded with a total value of AED 0.55 billion during the trading session of 23-03-2016 through 6353 transactions. The number of companies which ...

CANBERRA / Bloomberg Australia’s central bank chief brushed aside US criticism of his comments on the local currency’s level, saying that it was probably too high and pointing to a record of overseeing a floating exchange rate. Reserve Bank of Australia (RBA) Governor Glenn Stevens said in response to a question after a speech in Sydney that there’s “some risk” ...

Budapest / Bloomberg Hungary’s central bank said it had lowered one of its interest rates into negative territory for the first time, faced with with a drastically weaker inflation outlook. The rate for funds parked by commercial banks with the central bank overnight now stands at -0.05 percent. The bank also cut its main interest rate to 1.20 percent, also ...