Search Results for: currency market
Russia’s Central Bank adds yuan to reserve currency basket
December 1st, 2015
According to the sources, the share of Russian reserves in yuan in the near future will remain small and symbolic Russia’s Central Bank has added the Chinese yuan to the foreign exchange reserve basket, two sources close to the ...
Stocks Gain With Copper as Risk Appetite Spreads Across Markets
December 1st, 2015
European, U.S. factory data due after mixed China reports India expected to keep rates on hold after RBA stands pat Asian stocks advanced with commodity-linked currencies and metals as investors focused on the positives in data from the region’s ...
What Will It Mean If the Yuan Gets Reserve-Currency Status?
November 30th, 2015
At least $1 trillion of global reserves may migrate to yuan Successful bid would boost Xi’s economic reform efforts International Monetary Fund representatives have given China strong signals that the yuan is likely to soon join the fund’s basket of reserve ...
ECB and the People’s Bank of China successfully test bilateral currency swap arrangement
November 27th, 2015
The European Central Bank (ECB) and the People’s Bank China (PBC) successfully test their bilateral currency swap arrangement The tests serve to confirm operational readiness and are not a precursor to activation of a swap Swap arrangement contributes to ...
ISDA and IIFM publish Islamic Cross Currency Swap Standard
November 27th, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) today announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As‘aar Assarf (Islamic Cross Currency Swap) for use in Islamic hedging ...
Welcome To The Currency War, Part 20: Corporate Profits Head South, Stock Prices To Follow?
November 26th, 2015
A too-strong currency is, in theory, supposed to make it harder to sell things to cheap-currency countries, thus crimping corporate profits and by implication pretty much everything else. The US dollar has been rising against the rest of ...
Paysafe Group Plc: Proposed move to Main Market
November 25th, 2015
Further to previous announcements, Paysafe Group Plc (LSE AIM: PAYS, the “Company”) confirms its intention to apply for admission to listing of its ordinary shares to the premium segment of the Official List of the UK Listing Authority (the ...
Currency Spoofing Is Said to Be New York’s Latest Target
November 24th, 2015
Subpoenas sent to brokers including TFS-ICAP, Tullett Prebon Schneiderman probing FX options linked to emerging markets The New York attorney general is investigating possible manipulation in foreign-exchange trading, according to a person familiar with the matter, aiming more scrutiny ...
Egypt’s new central bank chief faces bitter pill of currency devaluation or IMF aid
November 19th, 2015
Spare a kind thought for the travails that Tarek Amer, the newly appointed governor of Egypt’s central bank, will be facing when he formally takes up his post on November 27. He could have had no illusions how disastrous ...
Even Small, Well-Run Countries Can’t Escape The Currency War
November 13th, 2015
The old saying “When elephants fight, the grass gets trampled” captures perfectly the dilemma of the world’s non-superpowers. From Brazil to Thailand to non-eurozone Europe, the currency war raging between the leading economies is creating collateral damage. ...
