Search Results for: foreign exchange
China’s Forex Reserves Fall by Record $107.9 Billion on Yuan Fears
January 8th, 2016
Foreign-exchange reserves drop to a nearly three-year low, contributing to the largest yearly decline ever China’s hoard of foreign-exchange reserves continued to shrink in December, recording the biggest monthly drop ever and falling overall to its lowest level in ...
Greece’s economic crisis goes on, like an odyssey without end
January 7th, 2016
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his ...
China Said to Intervene in Stocks After $590 Billion Selloff
January 5th, 2016
State funds buy after CSI 300 index tumbled 7% on Monday CSRC signals six-month selling ban on major holders to stay China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled ...
China battles to shore up stocks, yuan after globe-shaking slide
January 5th, 2016
China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling markets worldwide, but analysts warned investors to buckle up for more wild price swings. Stocks fell more than 2 ...
Russia To Help Iran Reboot Oil Industry
January 4th, 2016
Now that Iran appears on the verge of resuming prodigious oil production, it’s becoming clear that it plans to do so by forming ever-closer ties with Russia, one of six world powers that persuaded it to restrict its nuclear ...
Pound Outlook Darkens on Brexit Referendum With BOE Stuck on Launchpad
December 30th, 2015
Sterling will fall to $1.41 by September 2016, SocGen says Fragile global economy, ‘Brexit’ may keep BOE from liftoff The odds are stacking up against the pound for 2016. With growth slowing and the potential for a referendum on ...
The 25 financial events that shaped the year 2015
December 30th, 2015
As we are close to move from year 2015 to year 2016, OneStopBrokers has collected and presents the major Financial events happened in 2015. 2015 was a year that the Eurozone was almost collapsed. We all witnessed a possible ...
Bank of America to obtain clearing membership with MOEX FX Market. The first non-resident global bank
December 28th, 2015
Bank of America, National Association (BANA) is set to join Moscow Exchange’s FX Market as a clearing firm. The Bank is in the process of finalizing necessary documentation and will begin active trading in January 2016. It will trade via Merrill Lynch ...
Saudi Arabia’s government is looking at smart, alternate revenue sources
December 21st, 2015
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. Saudi Arabia has the financial depth to continue spending on ...
Creation of a “Bad” Bank
December 21st, 2015
The banking sector in Cyprus has gone through radical transformation in the last few years following the disastrous events of March 2013. To a large extent, the sector has regained confidence from both its domestic customers and the international ...
