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- BusinessReuters SG
EMERGING MARKETS-Surging dollar pressures Asian FX; S.Korean won leads losses
* Resurgent dollar clocks second week of gains * Asian equities log worst week in nearly one year * Rupiah logs worst week since March 2020 (Updates by 0632 GMT) By Roushni Nair April 19 (Reuters) - Emerging Asian equities and currencies were sharply lower on Friday as reports Israel attacked Iran in an escalation of tensions in the Middle East led investors to flee to safe-haven assets, including the U.S. dollar. MSCI's emerging market currency index fell by 0.5% to its lowest since Nov. 17. The index, hobbled by a strong dollar this year, has lost nearly 0.5% this week, set for its worst week since Jan. 19.
NewsYahoo Finance SingaporeEx-Prudential insurance agent issued with 8-year prohibition orders by Monetary Authority of Singapore (MAS)
What did the former Prudential insurance agent do to get the prohibition orders (POs)? Find out.
BusinessReutersIndia's Infosys falls as annual revenue outlook disappoints
Shares of Infosys fell as much as 2.9% on Friday, a day after India's No.2 software services exporter forecast annual revenue below expectations, raising doubts over predictions of early recovery in the sector. Larger rival Tata Consultancy Services is up 2.3%, while the Nifty IT services index is down 5.7%. Some analysts termed Infosys' quarterly performance and outlook "disappointing."
