Search Results for: foreign exchange
China Said to Probe Alleged Bank of China Money Laundering
July 10th, 2014
China’s central bank and currency regulator are investigating a state media report that alleged Bank of China Ltd. broke rules on transferring money overseas, two government officials familiar with the matter said. The probe focuses on whether Bank of ...
U.S. Dollar Falls after Lack of Fed Guidance
July 10th, 2014
The dollar fell the most in more than a week as minutes from the Federal Reserve’s last meeting failed to provide additional insight on the pace of interest-rate increases next year. The euro gained for a third day versus ...
GBX Technologies includes TOPFX as Liquidity provider
July 9th, 2014
GBX Technologies Ltd, the Hong Kong-based developer of bespoke foreign exchange technology solutions, is pleased to announce the expansion of its liquidity providers to include TopFx, the global Prime Broker. Authorised and regulated by the Cyprus Securities and Exchange ...
Portugal Bonds Drop With Europe Stocks as Gold Advances
July 9th, 2014
Portugal and Italy led declines in European bonds and stocks dropped while gold climbed. Emerging-market shares fell from a 16-month high. The yield on Portugal’s 10-year bond jumped 19 basis points to 3.84 percent by 9:53 a.m. in London. ...
U.S. Dollar Remains Lower Before Fed Minutes
July 9th, 2014
A gauge of the dollar remained lower before the Federal Reserve releases minutes of its most recent meeting amid speculation an uneven economic recovery will prompt policy makers to hold borrowing costs near zero. The greenback held losses from ...
Bank of Communications Designated as Clearing Bank for Won-Yuan Trading
July 8th, 2014
The People’s Bank of China has appointed the Bank of Communications Ltd. as a clearing bank for the direct won-yuan trading in Korea. Chinese President Xi Jinping and his Korean counterpart President Park Geun-hye had agreed on the 3rd ...
FX Volatility Remains Low, says Deutsche Bank
July 8th, 2014
Volatility in the foreign-exchange market will stay near quarter-century lows this summer before a potential late-year “shock,” according to Deutsche Bank AG’s Alan Ruskin. “The market is extremely complacent and we will get some sort of shock, probably in ...
Yen Holds Biggest Gain in a Week on Stock Drop
July 8th, 2014
The yen remained higher after a gain yesterday that was the biggest in a week, as U.S. stock futures point to declines in the Standard & Poor’s 500 Index and after Japan reported a bigger-than-expected current-account surplus. The currency ...
Dukascopy Group expands in Shanghai
July 4th, 2014
Dukascopy Bank has officially announced the opening of Dukascopy (Shanghai) Business Consulting Co., a member of Dukascopy Group in Shanghai, China, on 15th of May 2014. This office aims at supporting non-regulated activities of Dukascopy Group such as financial ...
Barclays chairman warns on FX regulation
July 4th, 2014
The foreign exchange market needs “fine tuning” rather than heavy handed reform, the chairman of Barclays argued on Thursday, as he unveiled a new compliance academy aimed at raising standards within the bank. Sir David Walker said that while ...
