Search Results for: currencies
BofAML upgrade forecasts for British Pound v Euro and Dollar
May 3rd, 2017
Bank of America Merrill Lynch (BofAML) have told clients they are now confident enough on Pound Sterling to raise their forecast profile. Analysts had been expecting one final dip in the UK currency ahead of a more sustained recovery, ...
New virtual currency tied to oil takes aim at bitcoin
May 3rd, 2017
A new virtual currency launched Tuesday aims to rival industry leader bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector. The currency called “bilur” and created by London-based financial services ...
Aussie Stocks Drop, Taiwan Bucks Poor Apple Result: Markets Wrap
May 3rd, 2017
Japan and Hong Kong among Asian markets shut on Wednesday Kiwi dollar climbs as jobless rate in New Zealand declines Australian stocks dropped, while a poor Apple Inc. earnings report proved no bar to gains in Taiwan’s electronics-rich stock ...
The Bank of Russia decided to reduce the key rate to 9.25% p.a.
May 2nd, 2017
On 28 April 2017, the Bank of Russia Board of Directors decided to reduce the key rate to 9.25% per annum. The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks ...
Dollar hits one-month high vs yen
May 2nd, 2017
The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance. The greenback last traded at 111.900 yen ...
Japan banks to test blockchain-based money transfers
April 28th, 2017
A consortium of Japanese banks will experiment with fund transfers using virtual currencies, with an eye toward developing a more convenient, lower-cost alternative to wiring money. SBI Holdings and SBI Ripple Asia lead the payments consortium, which had 56 ...
Compagnie Financière Tradition reported revenue stable in Q1 2017 at CHF 213.4m
April 28th, 2017
Compagnie Financière Tradition reported first-quarter consolidated revenue of CHF 213.4m compared with CHF 219.5m in same period in 2016, up 0.2% in constant currencies. At current exchange rates, consolidated revenue showed a decrease of 2.8%, impacted by the weakness ...
Global stocks are near a record high
April 28th, 2017
MSCI Asia Pacific Index set for fourth straight monthly gain Investors assess global earnings before U.S. GDP report Asian equities retreated, trimming a fourth straight monthly gain for the regional benchmark index, as geopolitical concerns intensified and investors assessed ...
Otkritie Capital International reports Global Prime FX volumes up 96% over last 12 months
April 27th, 2017
Otkritie Capital International, the brokerage and investment banking company, today announces at TradeTech Europe that its FX Prime business within the Otkritie Global Prime franchise is picking up pace since its full scale rollout 12 months ago. The FX ...
Asian Equities, Yen Maintain Declines After BOJ: Markets Wrap
April 27th, 2017
Region’s stocks halt five-day rally as China shares drop Investors assess Trump’s U.S. tax plan; peso reverses losses Asian stocks were mostly lower after a five-day rally as the Bank of Japan cut its inflation forecast while keeping stimulus ...
