Search Results for: foreign exchange
Swiss issuers to weather forex storm
August 26th, 2015
The ‘Swiss Credit Handbook 2015’ published today by Credit Suisse contains the credit profiles of the most important Swiss issuers and participants in the Swiss franc capital market. Assessments of the creditworthiness of the different entities covered by Credit Suisse credit ...
Oil Price Collapse Triggers Currency Crisis In Emerging Markets
August 24th, 2015
Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks. The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole ...
Oil Poised for Longest Weekly Losing Streak Since 1986 Amid Glut
August 21st, 2015
Oil headed for the longest run of weekly declines in almost three decades on signs the supply glut that drove prices to a six-year low will be prolonged. Futures fell as much as 1.6 percent in New York, set ...
Rollout of 1,000 Bitcoin ATMs planned for Greece as interest in cryptocurrency surges
August 20th, 2015
Greece is to receive 1,000 Bitcoin ATMs following a partnership between digital currency exchange BTCGreece and cryptocurrency service provider Cubits, according to reports. The installation of the ATMs, which allow users to exchange cash for bitcoins, reflects the growing ...
China, the Hollow Dragon
August 17th, 2015
In terms of profitability and trade-generated wealth, China is a hollow dragon. It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins ...
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
China’s Yuan Rate Rises for First Time Since Devaluation
August 14th, 2015
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive swings. The onshore spot rate was little changed at 6.4003 ...
Bank of Russia Gets Putin’s Praise, Opts for Verbal Intervention
August 10th, 2015
Russian President Vladimir Putin commended the central bank for its efforts to keep the ruble stable after policy makers called for calm as the currency headed for a six-month low. “The central bank is doing a lot to strengthen ...
Australia pushes to recognize bitcoin as regular currency
August 5th, 2015
The Australian government on Tuesday suggested treating bitcoin and other digital currencies on a par with standard money in the country. The move comes in contrast to an earlier position towards digital currencies as “intangible assets.” “The committee is ...
Deutsche Bank Said to Be Probed by DOJ on Russia Mirror T
August 4th, 2015
U.S. federal prosecutors are investigating billions of dollars of trades Deutsche Bank AG made on behalf of Russian clients as recently as this year, according to people with knowledge of the situation. The Justice Department’s criminal probe, which hasn’t ...
