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Foreign Exchange
Dollar hits all-time high and rises to Rs204 in interbank trade – Business
The US dollar hit an all-time high of 204 rupees against the local currency in the interbank market on Monday, with analysts attributing the rupee's decline mainly to pending oil-related payments and lower foreign exchange reserves.…
US examines Swiss monetary practices
WASHINGTON — The Treasury Department said Friday it was concerned that some United States trading partners were taking steps to weaken their currency and gain unfair trade advantages against the United States — but declined to qualify any…
Column: ECB rate pledge prompts hedge funds to bet on euro: McGeever
The headquarters of the European Central Bank (ECB) is pictured in Frankfurt January 21, 2015. REUTERS/Kai Pfaffenbach/File PhotoJoin now for FREE unlimited access to Reuters.comRegisterORLANDO, Fla., June 6 (Reuters) - The European Central…
According to the IMF, Russia held almost a third of the world’s yuan reserves in December 2021
Russia held almost a third of the world's renminbi (yuan) in reserves in December 2021 amid the decline in the dollar's share of global foreign exchange reserves.
This was revealed by the International Monetary Fund in a blog post…
Lakeview tennis heads to state final with help from Spanish star
Lakeview has been one of the city's dominant women's tennis programs for several years, with plenty of local talent leading the charge.But the Spartans struggled to achieve their goal of statewide success.That changed this year with help…
The change prompted Salesforce to lower its revenue forecast
Salesforce co-founder and co-CEO Marc Benioff told CNBC's Jim Cramer on Tuesday that the rising value of the dollar played a role in the software company's lower revenue forecast during its last trimestre."Our advice is really impacted by…
Fixed income securities and FX trading by investors hits 62.86 trillion naira as pressure mounts on…
Kayode Tokede
Investors on the FMDQ exchange's fixed income and foreign exchange (FIC) market traded a total of 62.86 trillion naira in the first four months of 2022, representing a decline of almost!-->!-->…
Exchange rates in Pakistan – Dollar, Euro, British Pound and Riyal rates on May 28, 2022
Today's exchange rates in Pakistan on May 28, 2022, current dollar rate in Pakistan, latest exchange rates for British Pound, Euro, Saudi Riyal, UAE Dirham, Canadian Dollar , Australian dollar to Pakistani rupees. All rates updated based…
Myanmar c.bank orders state organs not to use foreign currency
May 26 (Reuters) - Myanmar's central bank has ordered ministries and local governments not to use foreign currency for domestic transactions, to ease pressure on the kyat currency.The Southeast Asian nation's economy has been in crisis…
Sri Lanka seeks $500m loan from India to buy fuel amid currency crisis
The Sri Lankan cabinet has approved seeking a $500 million loan from the Exim Bank of India for the purchase of petroleum products amid a severe currency crisis in the island nation.
Sri Lanka has been considering different options…
Power Rangers actor Jason Lawrence Geiger busted in COVID relief program
One of the "Mighty Morphin Power Rangers" might be in big trouble with the law.
Actor Jason Lawrence Geiger, 47, who played the Red Ranger in the nerdy 1990s children's show and its related films, has been…
ScoutCam interview aired on Bloomberg the RedChip Money
Omer, Israel, May 20, 2022 (GLOBE NEWSWIRE) -- ScoutCam Inc. (OTCQB: SCTC) (“ScoutCam” or the “Company”), a leading provider of image-based solutions (including cloud and imaging) for the Condition Monitoring (CBM) and Predictive…
Sinan Energy signs power purchase agreement to supply
Sandton, South Africa, May 17, 2022 (GLOBE NEWSWIRE) -- A day ahead of its scheduled listing on global crypto exchange P2PB2B on Tuesday, May 17, Sinan Energy has entered into an agreement to supply renewable energy to the one of the…
Stabilization of the exchange rate amid pressure on the naira — Opinion — The Guardian Nigeria News…
The continued and seemingly endless depreciation and instability of the naira against the US dollar and other foreign currencies has been a continued source of concern for most Nigerians and other…
Economy cause for concern as foreign exchange reserves run low: Congress
Congress said on Saturday that the state of India's economy is a cause for extreme concern as foreign currencies have depleted, calling for an overhaul of economic…
India’s foreign exchange reserves shrink by $28.05 billion in second half of FY22: Rbi report
India's foreign exchange (forex) reserves fell by $28.05 billion in the second half of FY22. Latest RBI data shows the country's reserves stood at $607.31 billion from October 2021 to March 2022.…
Foreign Exchange: MPI to offer license exchanges to Ukrainian refugees
Winnipeg, MB — As hundreds of refugees fleeing war in Ukraine arrive in Canada by the planeload daily, Manitoba Public Insurance has announced that they are offering driver's license exchanges for newcomers in need of a lift.
As of…
Forex crisis in Lanka: Bangladesh extends loan terms
Forex crisis Lanka
FE REPORT |
Published:
May 09, 2022 08:44:22
| Update:
May 09, 2022 09:01:10
Bangladesh is extending the duration of a bilateral currency swap deal with Sri Lanka by a year due to the currency…
EaseMyTrip plans to launch currency exchange service – The New Indian Express
By PTI
NEW DELHI: Online travel service provider EaseMyTrip said on Monday it plans to launch the currency exchange service for which it will seek a license from the Reserve Bank of India.
The company is…
India seizes $725 million in Xiaomi assets over illegal money transfers
Staff members stand near the company logo at a Xiaomi store in Shanghai, China November 1, 2021. REUTERS/Aly Song/FilesJoin now for FREE unlimited access to Reuters.comRegisterNEW DELHI, April 30 (Reuters) - India said on Saturday it had…
Asian stocks are mostly up after a turbulent day on Wall Street
TOKYO - Asian stocks were mostly higher on Thursday and the dollar rose to 130 yen after the Bank of Japan kept its near-zero interest rate stance unchanged. Tokyo's Nikkei 225 rose 1.75% to 26,847.90 as Japan's central bank lowered its…
IHI Raises FY22 Earnings Outlook on Foreign Exchange Gains and Lower Tax Expenses
Newswires MT 2022
All news about IHI CORPORATION
!-->!-->!--fin>…
Political whims have economic consequences – Twin Cities
The Florida legislature's decision last week to revoke the Walt Disney Co.'s special tax district in Orlando at the instigation of GOP Gov. Ron DeSantis highlights many economic issues.
Edward Lotterman
Special tax treatment for wealthy…
Shares stumble 2.8% as interest rate concerns escalate | National
NEW YORK (AP) — Stocks tumbled on Wall Street on Friday, leaving the S&P 500 with its biggest one-day…
Hedging activity among Chinese miners on the rise, even after LME debacle
China Baowu Steel Group employees work at its steel plant in Maanshan, China's Anhui province. Baowu is the parent company of Baoshan Iron & Steel Co. Ltd., which has hedging plans for 2022 including up to 8 million tons of…
Manistee introduces baseball to foreign students
Living in a foreign country over 6,000 miles from home can be a daunting task for anyone.Factor in a global pandemic, being too young to vote in an election, and landing in a small town on the northwest coast of Michigan and you have the…
British tourists get more for their money as the pound soars against most foreign currencies
Strong growth in a wide range of currencies indicates that a significant number of Britons are planning to go on holiday abroad for the first time in two years. The extraordinary currency growth of Croatia and the Caribbean suggests that!-->…
Exclusive Russian companies and banks could benefit from delisting certificates of deposit
By Sinead Cruise and Carolina MandlWASHINGTON/NEW YORK (Reuters) - Russian companies and global banks, including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan, could benefit if Moscow decides to delist Russian companies' certificates of…
How war and sanctions are making the ruble harder to trade
The explosion of sanctions against Russia following its invasion of Ukraine sent its currency plunging, separating the prices of rubles traded in Russia from those quoted abroad by international banks. When trading in Moscow resumed, it…
Russia nears debt default, pays bondholders in rubles
A view shows Russian ruble coins in this illustrative photo taken March 25, 2021. REUTERS/Maxim Shemetov/Illustration/File PhotoJoin now for FREE unlimited access to Reuters.comRegisterPayment for Russian bonds was due in US dollars on…
Moscow Stock Exchange announces higher FX volumes for March
The Moscow Stock Exchange, Russia's largest exchange group, has resumed publishing its monthly operational metrics after a nearly month-long hiatus following the nation's invasion of Ukraine. The MOEX reopened trading in some stocks at the…
Saudi stock exchange suspends trading in shares of three companies
GCC not at risk of food insecurity but inflation as Ukraine crisis disrupts supply
RIYADH: The ongoing war between Russia and Ukraine is creating major disruptions in the global food supply, creating fear of food insecurity and…
Ukraine hits Russian oil depot
Russia's central bank said on Friday it would slightly ease restrictions on remittances abroad.
The bank said it would allow transfers of up to $10,000, or its equivalent in another currency, within a month. Friday's decision only applies…
BHS organizes a very successful taste party for foreign students and their families | Multimedia
BREMEN—For the first time in four years, the Bremen High School (BHS)…
Bitcoin and Crypto Are Now Poised for a $10 Trillion Earthquake as Ethereum, BNB, XRP, Solana and…
Bitcoin and cryptocurrencies have rebounded this week riding a wave of good news for the crypto market.
Subscribe Now to Forbes CryptoAsset & Blockchain Advisor and successfully navigate the latest crypto price crash
The price of…
China to keep yuan flexible, prepare for external shocks
China said on Friday it would maintain the yuan's flexibility and the foreign exchange market's stability, vowing to actively prevent and defuse the risks of external shocks.The tendency of foreigners to invest in China and allocate assets…
China’s trade with North Korea increases slightly in January and February, despite partial…
On Sunday, China Customs Office reported a slight increase in officially documented exchanges with the Democratic People's Republic of Korea (DPRK) in January and February 2022. Chinese exports of $57 and $59 million respectively…
Russian stock exchange reopens but it’s anything but usual
Foreign investors also hold more than $80 billion of Russian stocks. Therefore, if the stock exchange reopens to stock trading, they will also suffer heavy losses.The value of shares of listed Russian companies has been decimated since the…
Cash-strapped Sri Lanka cancels school exams due to paper shortage | News
Official sources said the move could effectively delay testing for around two-thirds of the country's 4.5 million students.Sri Lanka canceled exams for millions of students in Western Province as the country ran out of printing paper and…
FTX and AZA Finance will advance the Web3 economy in Africa
Global cryptocurrency exchange FTX is teaming up with digital currency exchange AZA Finance to boost adoption of Web 3 and digital currencies across Africa, according to a Press release Wednesday (March 16).
Co-founded in 2019 by CEO Sam…
EXCLUSIVE Sri Lanka to start talks with IMF on debt restructuring-sources
COLOMBO, March 11 (Reuters) - Sri Lanka will start talks next month with the International Monetary Fund (IMF) on a plan to help the crisis-hit country, including help with debt restructuring and management of its currency shortage, three…
What remains to be punished in Russia? Portfolios, shares and foreign investments.
The US and EU sanctions imposed on the Kremlin so far have exceeded many expectations, including likely those of Russian President Vladimir Putin. Their impact…
Gazprom pays foreign bondholders; Rosneft has not yet
On Monday, two of Russia's largest state-controlled energy companies had to repay their debts to foreign bondholders. Gazprom paid. Not Rosneft.
Gazprom repaid foreign investors when a $1.3 billion dollar-denominated bond matured on…
The president of the Russian central bank “mourns her economy” | Mondial economy
EIvira Nabiullina could barely hide her discomfort. Russia's central bank governor - famous for sending coded messages with her attire - chose to dress in funeral black as she warned of the devastating blow to the Russian economy from…
Ukrainian exchange students turn into war refugees overnight
The Russian invasion of Ukraine on February 24 displaced around 1 million Ukrainians. While the rest of the population hides in World War II bomb shelters or subway stations, foreign exchange students in the United States are another group…
Sanctions dramatically increase Russia’s international debt default risks, analysts warn
A sign outside the offices of JP Morgan Chase & Co. is seen in New York, U.S., March 29, 2021. REUTERS/Brendan McDermidJoin now for FREE unlimited access to Reuters.comRegisterLONDON, March 2 (Reuters) - Sanctions on Russia have…
Sanctions prevent Russia from supporting the ruble
The combination of the Ukrainian war itself and the international sanctions it triggered caused the ruble to tank monday morning. The Russian currency…
The rupiah should remain under pressure next week
The Pakistani rupee is expected to remain under pressure next week. Photo: AFP/File The heavy current account deficit, soaring oil prices and financial market volatility in the context of the Ukrainian crisis could weigh on the…
Asian stocks rise after US rebound amid Ukraine sanctions
BEIJING – Asian stocks mostly rose on Friday after US stocks rallied towards the end of a wild trading day as governments slapped sanctions against Russia for his invasion of Ukraine. Japan's benchmark Nikkei 225 jumped 1.9% in afternoon…
Ukraine announces state of emergency starting at midnight on February 24
Politics
Ukraine announces state of emergency
Ukraine announces state of emergency from midnight February 24 4 30 daysProposed state of emergency tax in Ukraine says to restrict movement of conscripted…
USD/RUB jumps to 78.80 and gains almost 2% on rising tensions in Eastern Europe
USD/RUB has gained 6.44% over the past three days.
Separatist leaders have demanded recognition from Russian President Putin, which could undermine talks between Russian-American officials.
USD/RUB Technical…
Seizure of Afghanistan’s bank reserves will further harm US interests
Yes Joe BidenJoe BidenAustin on Possible Russian Invasion of Ukraine: 'I Don't Believe It's a Bluff' Energy and Environment Overnight - Situation in Russia Could Worsen Gas Prices On The Money - Fed Imposes Strict Limits senior management…
Flowserve announces quarterly cash dividend of $0.20 per share
DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE:FLS), a leading provider of flow control products and services for global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend…
Pakistan’s low foreign exchange reserves and lack of financial reforms increase its dependence…
NNA |
Update: February 16, 2022 4:55 p.m. STI
Washington Feb. 16 (ANI): Pakistan's low foreign exchange reserves and…
Pentagon’s Kirby: Putin gives himself more military options with each passing day
Politics Pentagon spokesman Kirby on MSNBC says:Putin gets more military
options
Choice
Options represent a contract that allows…
Increase of more than $2 billion in foreign currency assets brings foreign exchange reserves to…
The country's foreign exchange reserves, or forex, gained $2.198 billion to $631.953 billion in the week ended February 4, according to weekly data from the RBI.
In the previous week ending Jan. 28, the forex pool fell $4.531 billion to…
🌱 Three Village Daily: TVHS Digital Tapestry + SBUSB rewarded
Hello, people of Three Village! It's me again, Debora Whitehead, your host of the Three Village Daily. First, today's weather forecast: Costs; a morning shower. High: 45, low: 33. Here are today's top 5 stories in Three Village: The…
Asian stocks and euro hold steady ahead of US inflation data
Passers-by wearing protective face masks are reflected on a stock market quotation board, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei KatoJoin now for FREE unlimited access to…
High Forex losses, financial costs weaken earnings growth
Olusanya
February 06, (THEWILL) - By far, Flour Mills of Nigeria Plc's nine-month interim results for the period ended December 31, 2021 indicate impressive growth in both its upside and profit performance. Combined…
Stocks Mixed, Yields Rise Following Blowout Jobs Report | national
NEW YORK (AP) — Stocks are mixed and Treasury yields jump Friday after a U.S. jobs report raised Wall Street…
Currency protected deposit accounts in Turkish banking law
Since the President's speech on December 20, 2021, "FX-Protected Deposit Accounts" have been at the forefront of discussions on banking and financial applications. The instrument, whose legal foundations were laid with press release No.…
Options for studying abroad – during a pandemic
January 30, 2022 at 8:00 a.m.
According to the Office of Global Engagement at Utah State University, approximately 500 students participate in study abroad programs each semester.
Although that number!-->…
Foreign exchange inflow to Nigeria hits $55.5 billion in seven months
Published January 29, 2022
The country recorded a foreign exchange inflow of $55.5 billion in seven months, according to data obtained from the Central Bank of Nigeria.
The increase in foreign exchange inflows was attributed to higher…
Stocks fall sharply as market volatility continues | national
Stocks fell sharply on Wall Street on Tuesday, continuing a volatile trading streak that sent markets…
Here are the countries that decided to ban crypto in the last year
Last week, the Sindh High Court in Pakistan held a hearing on the legal status of digital currencies that could lead to an outright ban on cryptocurrency trading combined with sanctions against crypto exchanges. A few days later, the…
Tourist hotels in Sri Lanka have been told to only accept payment in foreign currency
ECONOMYNEXT - Tourists visiting Sri Lanka are encouraged to pay for hotels in foreign currencies instead of converting cash into rupees at the curbside market as the country faces currency shortages due to injections of…
SBP reserves fall from $562m to $17.04bn
CARACHI:
Foreign reserves held by the central bank fell 3.2 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On January 14, foreign exchange reserves held by the SBP were recorded…
EXCLUSIVE Turkish Bank Employees Forced to Strengthen Sourcebook Defense System
A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey, March 29, 2019. REUTERS/Murad SezerJoin now for FREE unlimited access to Reuters.comRegisterISTANBUL, Jan 18 (Reuters) - Turkey's major state-owned banks have…
Galaxy S22 Ultra 5G expected to arrive with 1TB storage option
As the calendar continues to…
FBR to monitor all transactions of forex traders, companies – Business
The Federal Board of Revenue (FBR) decided to document the transactions of foreign exchange traders/exchange companies and required them to integrate online into the FBR's computerized system.
The FBR notified SRO50(I)/2022 to Proposed…
Global stocks fall as inflation bodes for Fed rate hikes
BANGKOK - Stocks were mostly weaker in Asia on Thursday after the latest report on soaring prices in the United States appeared to keep the Federal Reserve on track to raise interest rates in the coming months.London, Paris, Tokyo and…
Volume of foreign exchange market currencies / Dinar
EXCHANGE MARKET CURRENCY VOLUME / DINAR
JANUARY 2022
in MDT…
Asia Morning Call-Global Markets | Reuters
January 10 (Reuters) - -------------------------------------------- ---------------------------------------------------------------------------------------------- --------------------------------------------------…
New foreign currency restrictions for imports
Amid the depletion of foreign exchange reserves, the central bank has reduced the amount of foreign exchange that importers of various agricultural products can purchase from banks to pay for imports.According to Unified DirectiveAs issued…
The political crisis casts a shadow over Sudan
Sudanese citizens protest on the streets in Khartoum, Sudan on December 30, 2021.
The protests in Sudan and Abdalla Hamdok's resignation as prime minister have cast a shadow over the…
Government promises to encourage foreign exchange firms to increase supply of foreign currency
KARACHI: The government was planning to offer an incentive discount to foreign exchange companies to attract remittances from foreign Pakistanis in an effort to boost the country's dollar supply.
"Finance Minister Shaukat Tarin has…
Import controls yesterday and now! | Print edition
Views) :
Import containers at Colombo port. We, a few friends, gathered at Dharini's at the!-->…
Intel sells its Dalian SSD business and facilities to SK hynix
Intel Corp. completes its first closing of the sale of its NAND and SSD business to SK hynix.SANTA CLARA, California, December 29, 2021- (COMMERCIAL THREAD) - Intel Corporation announced today that it has completed the first closing of…
Bulgarians divided over membership in euro waiting room
Published on: 12/28/2021 - 03:36Amended: 12/28/2021 - 03:35
Sofia (AFP) - Bulgaria could join the eurozone in 2024, but the poorest country in the EU is divided over the prospect of…
The centrality of the Saudi fixed-peg regime
The centrality of the Saudi fixed-peg regime
From time to time, the Saudi fixed parity comes under speculative pressure to loosen the riyal from its peg in US dollars. This has happened during periods of low oil price…
Financial Stability Committee meets – Latest news
ANKARA
Treasury and Finance Minister Nureddin Nebati chaired a meeting of the Financial Stability Committee in Ankara on December 23.class = "cf">
Turkish Central Bank Governor Åahap…
Turkey thwarts speculative economic attacks (Erdoğan)
Turkey has foiled attacks by domestic and foreign players on its economy after the pound successfully rebounded from record highs against foreign currencies, President Recep Tayyip ErdoÄan said on Wednesday.…
Omicron Helps Fuel Rise In US Cases
Although the situation has varied across the country, the overall situation is worsening day by day.Many states are still grappling with the Delta variant, which ravaged the country over the summer and fall. While reports of new cases…
QNB Named Best Regional Foreign Currency Provider in the Middle East
Doha: QNB Group, the largest financial institution in the Middle East and Africa, received two awards for "Best Foreign Currency Provider in the Middle East" and "Best Foreign Currency Provider in Qatar" under the GW Platt Foreign…
Banks and tech stocks lead another decline on Wall Street | national
Banks and big tech stocks lead another decline on Wall Street on Friday afternoon and every major index is…
Court of Appeal Examines BASL’s Brief Motion Against CBSL’s Forced Currency Conversions
Orders applicants to file objections no later than January 7, 2022, defendants to file objections no later than January 5
By T. Farook ThajudeenCourt of Appeal judges Sobitha Rajakaruna and Dhammika Ganepola yesterday issued…
The outlook for 24-hour trading in 2022 is “bright”: 24 Exchange CEO
24-hour trading is perhaps closer than many realize, said the CEO of an exchange trading with the Securities and Exchange Commission to bring 24-hour trading to the US market."The outlook is bright enough for us to approve it in 2022," 24…
Citi Announces Major Expansion of Citi Cross Currency Sweep Market
LONDON--(COMMERCIAL THREAD) - Citi today announced the expansion of its Cross-Currency Sweeps cash management solution to several European markets.
The solution, Citi Cross-Currency Sweeps, enables treasurers and finance…
Farmer sentiment weakens as concerns over production costs rise
LAFAYETTE OUEST, Ind. and CHICAGO, December 7, 2021 / PRNewswire / - The Purdue University/ CME Group Ag Economy Barometer slipped 5 points in November to 116 as producers continue to be pessimistic about the current and future outlook…
Explained: State of the Pakistani economy
A hacker tweeted on Friday from the official official of the Pakistani Embassy in Belgrade, claiming government officials had not been paid for three months amid soaring inflation, and mocked the Prime Minister. Minister Imran Khan if it…
Why is the Turkish Lira collapsing and what is the impact of the currency crisis in Turkey?
Turkey besieged currency has plunged to historic lows against the US dollar and the euro in recent months as President Recep Tayyip Erdogan continues a widely criticized effort to cut interest rates despite soaring consumer prices.As a…
SBP’s reserves drop from $ 244 million to $ 16.01 billion
KARACHI:
Foreign exchange reserves held by the central bank fell 1.5% on a weekly basis, according to data released Thursday by the State Bank of Pakistan (SBP).
On November 26, the foreign exchange reserves held by the SBP stood at…
China’s foreign exchange regulator sets up yuan futures trading pilot – Journal
SHANGHAI, Dec. 1 (Reuters) - China's central bank-led interbank foreign exchange market operator is forming a pilot project for yuan futures trading and ramping up research on the new product, said a state-backed newspaper said citing the…
The SNB closely follows the development of the franc and stands ready to intervene – Maechler
ZURICH, Nov. 27 (Reuters) - The Swiss National Bank (SNB) is monitoring the exchange rate of the Swiss franc "very closely" to monitor its impact on the economy and stands ready to intervene if necessary, said Andrea Maechler, member from…
Foreign exchange student gives Logan County Football big playoff run a boost
BOWLING GREEN, Ky. (WBKO) - Friday will be the first time the Logan County Cougars football team has competed for a chance at the Class 4A State Championship. It is also the first year of football for the player Mattia…
Trade stocks, ETFs, cryptos, etc.
Select's editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.SoFi is a household…
Health ministry chief says Israel is still waiting for COVID vaccine doses for children
US-Israel-UAE-Bahraini naval exercise sends message to Iran, IDF official says
Joint US-Israel-UAE-Bahraini naval exercise in Red Sea serves as direct response to Iranian navy presence and aggression in Middle Eastern…
FREEDOM HOLDING CORP. Management report and analysis of the financial position and operating…
The following discussion is intended to assist you in understanding our results
of operations and our present financial condition. Our unaudited condensed
consolidated financial statements and the accompanying notes included in this…
Seychelles: Seychellois banks abandon foreign currency loans to Libor
The contracts of around 185 clients with foreign currency loans in Seychelles will change as commercial banks move from LIBOR, one of the main benchmark interest rates used in the financial markets around the world, to alternative rates.…
China Market Exchange Rate – November 3
BEIJING, Nov. 3 (Xinhua) - Here are the central parity rates of China's renminbi, or yuan, against the 24 major currencies announced by China's Foreign Exchange System on Wednesday: Currency Unit Central parity rate in yuan $…
FinTech and the end of the money
This Fintech Revolution May End Money, But The Next Fintech Revolution May End Money.
Renowned FinTech Investor Matt Harris, Partner of Bain Capital Ventures
BCSF
, recently predicted here at Forbes that fintech would mean the end…
Why currency volatility could make a comeback
October 30, 2021FOREIGN-EXCHANGE the markets were once a hotbed of lively speculative activity. But today traders looking for an adrenaline rush should look to assets like cryptocurrencies instead. Barring a brief surge at the start of…
Crypto Crackdown: OFAC sanctions the SUEX cryptocurrency exchange | Torres Law, SARL
On September 21, 2021, in a one-of-a-kind action, the US Department of the Treasury Office of Foreign Assets Control (âOFACâ) imposed economic sanctions on SUEX OTC, SRO…
Resilience and vitality put forward for the Chinese financial sector to better support the real…
Posted: October 26, 2021 at 3:34 am CDT|Update: 10 minutes agoBEIJING, October 26, 2021 / PRNewswire / - China's financial sector, after facilitating a stable economic recovery in the first half of 2021, is urged to stay on top of security!-->!-->…
A stable foreign exchange market in focus
A cashier counts US dollar bills at a bank in Hai'an, Jiangsu province.
Action will be swift to deal with any major impact of the expected Fed cut
China is closely monitoring any…