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Nepal And The World News In Brief (29 July - 4 August 2013)

  2 min 38 sec to read

Rupee Hits 5-Week High 
Rupee Hits 5-Week HighThe rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. (The Economic Times)
 
 
Gold Posts 3 Percent Weekly Gain 
Gold Posts 3 Percent Weekly Gain Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. (Agency) 
 
 
Royal Baby Betting Exceeds £1M 
Royal Baby Betting Exceeds £1M The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. (CNN) 
 
 
 
China Orders Audit of Government Debt 
China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website. (Agency) 
 
 
Strauss-Kahn to Face Pimping Trial 
Strauss-Kahn to Face Pimping TrialFormer IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. (BBC)
 

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