Search Results for: currency market
RBS partners with New Change to deliver independent TCA FX tool
January 19th, 2016
The Royal Bank of Scotland plc (“RBS”) has chosen New Change Currency Consultants Limited (“NCFX”) to deliver an independent way for large corporate and financial institution customers to measure “slippage” and run a portfolio analysis of their currencies trades ...
Asia stocks eke out gains in afternoon trade
January 19th, 2016
Asian equities bounced back in afternoon trade after having a mixed but volatile reaction to a slew of key Chinese data that were mostly in line with expectations. Chinese stocks jumped in late trade, with the Shanghai composite up ...
ECB policymakers divided over China risks
January 15th, 2016
Policymakers at the European Central Bank disagreed at their last meeting over how big a threat turmoil in China and other emerging markets pose to Europe’s modest economic recovery. The result of the Dec. 3 debate, for which a ...
Switzerland Weathers the Superstrong Franc
January 15th, 2016
It was in a small, wood-paneled boardroom overlooking Lake Zurich that Thomas Jordan and his colleagues at the Swiss National Bank made a decision that caught global markets unawares, infuriated Swiss industrial leaders, and tipped the economy dangerously close ...
Asia stocks retrace gains; Shanghai tumbles 3.7%
January 15th, 2016
Major Asian stock markets struggled to hold onto their morning gains Friday, despite a positive finish from Wall Street overnight. In another late spate of sell-offs, the Shanghai composite down 3.97 percent and Shenzhen composite 2..85 percent lower in afternoon trade. The ASX 200 closed ...
SEC Charges 11 Bank Officers and Directors With Fraud
January 14th, 2016
The Securities and Exchange Commission today announced fraud charges against 11 former executives and board members at Superior Bank and its holding company involved in various schemes to conceal the extent of loan losses as the bank was faltering ...
Pound Slumps as BOE Rate-Rise Expectations Recede
January 14th, 2016
China-linked market turmoil has made Bank of England rate increase less likely, investors say The British pound tumbled to a more than 5½-year low this week, as concerns about China help push back expectations of a long-anticipated interest-rate increase ...
Multipolarity: The Next Step After Globalization?
January 14th, 2016
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of world exports to world GDP, as well as the pattern ...
China names central bank deputy governor as new forex boss
January 13th, 2016
China’s cabinet has named Pan Gongsheng, a deputy governor of the country’s central bank, as its new top foreign exchange regulator to manage the country’s currency reserves and steer yuan reforms. Pan will replace Yi Gang as head of ...
Major Asian stocks close up, Nikkei rebounds 2.88%
January 13th, 2016
Asia markets closed mostly higher, with some major indexes rebounding Wednesday, in a sign of returning stability even in the face of lingering worries about China and falling commodity prices. That follows a volatile start to the year, in ...
