Search Results for: currency market
FXCM Receives NYSE Notification Letter
September 10th, 2015
FXCM Inc. (NYSE:FXCM) (“The Company”) a leading online provider of foreign exchange (FX) trading and related services, announced that it was notified on September 3, 2015 by the New York Stock Exchange (“NYSE “) that it is not in compliance with the continued listing standards ...
Former Citi FX trader set to challenge dismissal in London court
September 8th, 2015
A former Citigroup foreign exchange trader is to challenge his dismissal at a London court on Tuesday, potentially the first of many such cases in the wake of the currency market rigging scandal. Perry Stimpson, who was an FX ...
Putin says dump the dollar (Video)
September 4th, 2015
Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan ...
The Current Global Financial Crisis
September 3rd, 2015
During the last month global markets has been roiled by the financial crisis that emanated from China, but propagated to other parts of the world. To put things into perspective, during the month of August more than $5 trillion ...
China c.bank to clamp down on forwards trading to curb yuan depreciation
September 1st, 2015
Banks must hold 20 pct reserve vs nominal FX forwards value Reserves to be denominated in U.S. dollars, no interest paid Move seen as increasing risk control, discouraging speculation Yuan lost 2.6 pct in August, worst monthly performance on ...
PBOC sharply cuts yuan against US dollar after weak data
August 11th, 2015
The People’s Bank of China allowed the yuan to depreciate almost 2 percent against the U.S. dollar to levels last seen three years ago, sending a shock through currency markets. In a statement, the Chinese central bank said that ...
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 ...
Asia stocks up as China steadies, wary of Fed
July 29th, 2015
Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve. The ...
Asian shares skid as weak China PMI revives demand concerns
July 24th, 2015
Asian equities stumbled on Friday after a survey showed China’s manufacturing activity crumbled to 15-month lows, rekindling concerns for the region’s exports as the world’s second-largest economy struggles to arrest a broad downturn. MSCI’s broadest index of Asia-Pacific shares ...
China stocks turn higher
July 21st, 2015
Other Asian markets also edge up on tail of strong U.S. corporate earnings Stocks in Asia edged higher Tuesday on the tail of strong corporate earnings in the U.S. and China’s stabilizing markets. The Shanghai Composite Index SHCOMP, +0.48% ...
