Search Results for: asian
Asia pauses after Wall Street peak, oil pares losses
December 23rd, 2014
A holiday hush settled over Asian markets on Tuesday after Wall Street closed at historic highs while oil prices recouped just a little of the losses suffered when Saudi Arabia quashed all thought of curbing supply. A revival in ...
China’s Hopu Among Investors in Xiaomi
December 22nd, 2014
Chinese private-equity firm Hopu Investment Management Co. is among the consortium of investors putting a total of just over $1 billion into Xiaomi Corp. in a deal valuing the smartphone maker at over $45 billion, according to a person ...
Dollar Matches Two-Year High Against Euro as Rupiah Strengthens
December 22nd, 2014
The dollar rose to match a two-year high versus the euro amid speculation the Federal Reserve will increase interest rates as early as April while other major central banks maintain monetary easing. A gauge of the U.S. currency was ...
Yen Weakens Third Day as BOJ Maintains Easing; Aussie, Kiwi Gain
December 19th, 2014
The yen fell for a third day against the dollar as the Bank of Japan maintained unprecedented stimulus that has seen the exchange rate decline for five straight months. Japan’s currency fell at least 0.3 percent versus all 16 ...
Union Investment adds OtasTechnologies to its trading processes
December 18th, 2014
Union Investment, one of Europe’s leading asset managers, has successfully added the OTAS platform to its portfolio management process. OTAS Technologies is a decision support partner to the world’s largest global institutions. OTAS delivers intelligent decision support through a ...
Dollar Gauge 0.1% From Five-Year High After Fed as Won Slides
December 18th, 2014
A gauge of the dollar was 0.1 percent from a five-year high amid speculation the Federal Reserve will raise interest rates next year after removing a pledge to keep them low for a “considerable time.” The U.S. currency matched ...
Russia’s ruble rout rattles emerging markets
December 16th, 2014
Russia’s currency rout has sent a shudder through global markets and the sell-off is spreading to other emerging markets. The Russian ruble plunged about 12% Monday, while the Indonesian rupiah fell to its lowest level since the 1997 Asian ...
SWIFT’s KYC Registry goes live for correspondent banks worldwide
December 15th, 2014
SWIFT announces that The KYC Registry is now available to banks seeking to increase efficiency and reduce risk related to their correspondent banking Know Your Customer (KYC) compliance activities. More than 20 global and regional banks have joined The ...
Yen Climbs After Election; Aussie Near Low on Iron Prices
December 15th, 2014
Australia’s dollar fell to the lowest since June 2010 and the nation’s bonds rallied as commodities slumped and people were taken hostage in a cafe in Sydney’s financial district. The Aussie weakened against most of its 16 major peers ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
