Search Results for: foreign exchange
China central bank sets reserve requirements for all FX derivatives
September 2nd, 2015
China’s central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on further depreciation of ...
Morgan Stanley: Central Banks Are Playing a Game of Chess That Results in an Endless Cycle of Easing
September 2nd, 2015
The struggle for inflation is real and strategic After the European Central Bank decided to initiate an asset purchasing program, President Mario Draghi reportedly elected to unwind with a game of chess on his iPad during the plane ride back to ...
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 ...
U.S. Currency Probe Expands to Russia, Brazil Trades
September 1st, 2015
U.S. prosecutors have expanded their probe of currency-market manipulation by some of the world’s largest banks to include the Russian ruble and Brazilian real, according to two people familiar with the matter. The Justice Department is using cooperation agreements ...
Why Saudi Arabia Won’t Cut Oil Production
August 27th, 2015
Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward. At first blush, the ...
Nasdaq poised to launch FX trading platform: top executive
August 26th, 2015
Nasdaq (NDAQ.O) is poised to launch a platform for foreign exchange trading which it says would make the $5 trillion-a-day global market more transparent and would diversify its own business, a top executive from the stock market operator said. ...
Markit to acquire DealHub
August 25th, 2015
Expands services and customer base in $5 trillion global FX market Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that it has agreed to acquire DealHub, a leading provider of trade processing and trading ...
India has forex reserves to stabilise currency volatility: RBI
August 24th, 2015
Forex reserves of around $380 billion would be used if needed to subdue the volatility in the currency market, said RBI Governor On a day when the rupee and stock market went down Reserve Bank of India (RBI) Governor Raghuram Rajan said on ...
Banks fine tally since crisis hits $US260bn
August 24th, 2015
The wave of fines and lawsuits that has swept through the financial industry since the 2007-08 crisis has cost big banks $US260 billion, new research from Morgan Stanley shows. The analysis, which covers the five largest banks in the ...
China chooses her weapons
August 22nd, 2015
China’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the ...
