Search Results for: foreign exchange
Brexit post-mortem
July 29th, 2016
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing ...
Yen Jumps on BOJ Decision as Japanese Bonds Sink; Gold Climbs
July 29th, 2016
Kuroda expands ETF purchase target, leaving policy rate steady BOJ release will be followed by Europe stress tests, U.S. GDP The Bank of Japan’s most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the yen ...
Dollar Extends Drop as Japan Leads Stocks Lower; Metals Rise
July 28th, 2016
Odds of Fed rate increase this year remain below 50% South Korean won climbs to October high; yen rebounds The dollar extended losses after the Federal Reserve reiterated its gradual approach to raising interest rates, despite acknowledging risks to ...
Cashier jailed after stealing office money from international law firm
July 25th, 2016
A cashier at a leading international law firm has been banned from the profession and served a jail sentence after stealing over £700,000. Juliette Holland, 46, was found to have misappropriated at least £727,597 of office money between March ...
Two top HSBC currency traders charged in forex probe
July 21st, 2016
A top HSBC executive has been charged with fraud in the US. Mark Johnson, HSBC’s global head of foreign exchange trading was arrested on Tuesday night. A former colleague, Stuart Scott, has also been charged. The two traders are ...
Invoice fraud costs developing countries billions
July 20th, 2016
Some developing countries are losing as much as 67% of their exports to invoice fraud, according to research commissioned by the United Nations (UN), which claims that the over-and-under invoicing of trade transactions over the past two decades has ...
Brexit, banks fueling bitcoin’s resurgence
July 19th, 2016
The bitcoin renaissance seems to be at hand, with investors using the virtual currency to weather turbulent financial markets and banks striking partnerships to explore the system’s underlying technology. Until mid-May, 1 bitcoin fetched on the order of $400 ...
Western Union Business Solutions expands to seven new markets
July 18th, 2016
Western Union Business Solutions, a business segment of The Western Union Company (NYSE:WU) and a leader in global payment services, today announces enhanced capabilities to its WU® EDGE digital trading platform, including expansion of the platform’s fee-free* network, and availability into ...
ICAP published its Trading Statement;Positive momentum from investment in new products
July 13th, 2016
Positive momentum from investment in new products EBS BrokerTec wins contract to deliver technology to CFETS Transaction with Tullett Prebon on track to complete later this year ICAP plc (IAP.L), a leading markets operator and provider of post trade ...
FXCM reports lower trading volume for June 2016 at $275 billion
July 12th, 2016
FXCM Inc. (NYSE:FXCM) has issued an announcement to make publish certain key customer trading metrics for June 2016 for its retail and institutional foreign exchange business. June 2016 Customer Trading Metrics from Continuing Operations (1) Retail Customer Trading Metrics ...
