Search Results for: interest rates
Dollar hits 17-month low vs. yen, dented by Fed’s cautious stance
April 7th, 2016
The dollar slid to a 17-month low against the yen on Thursday, pressured by minutes of the U.S. Federal Reserve’s meeting last month that underscored caution about future interest rate hikes. The dollar fell to 109.10 yen at one ...
Libor trial: former Barclays bankers were ‘driven by money’
April 6th, 2016
Four of the accused, based in New York, were said to have told two co-conspirators in London whether they wanted the rate to go up or down Five former Barclays bankers accused of conspiring to rig Libor interest rates ...
Shinzo Abe Says Countries Must Avoid Competitive Currency Devaluations
April 6th, 2016
Prime Minister Shinzo Abe said countries should avoid competitively devaluing their currencies, speaking after the dollar fell to its lowest level against the yen in nearly a year and a half. The yen’s rise against the dollar has accelerated in the first months ...
IMF warns that an economic crisis in China could cause global recession again
April 5th, 2016
An economic crisis in China could result in a world-wide recession, warned the International Monetary Fund (IMF). This was because China’s financial links with the rest of the global economy was set to increase, the organisation said ahead of ...
A tale of two currencies
April 5th, 2016
There is a widespread and growing feeling that financial markets are slipping towards another crisis of some sort. In this article I argue that we are in the eye of a financial storm, that it will blow again from ...
Aussie Gains, Reversing Declines, as RBA Currency Rhetoric Muted
April 5th, 2016
Currency jumped 13% from low set in January to March 31 high Stevens said last month Aussie may be getting ahead of itself Australia’s dollar gained, reversing earlier declines, after Reserve Bank Governor Glenn Stevens held interest rates at ...
RBA: Monetary Policy Decision, rate unchanged
April 5th, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. Recent information suggests that the global economy is continuing to grow, though at a slightly lower pace than earlier expected. While several ...
UBS, HSBC Offshore Dealings Thrust Into Panama Papers Spotlight
April 5th, 2016
Report describes UBS’s dealings with law firm Mossack Fonseca Both banks say they comply with laws for vetting customers UBS Group AG and HSBC Holdings Plc — two of the banks hardest hit amid a U.S. crackdown on customers’ illicit ...
Revealed: the $2bn offshore trail that leads to Vladimir Putin
April 4th, 2016
A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. Though the ...
Asia markets rise; Japanese yen maintains 111 handle versus dollar
April 4th, 2016
Asian markets were mixed Monday, with Japanese shares losing ground on the back of a lower dollar/yen pair, which has hovered at the 111 level since Friday. Australia’s ASX 200 was up 0.64 percent, while Japan’s Nikkei 225 gave up gains to trade ...
