S Korea currency controls likely on Sunday
South Korea is most likely to unveil much anticipated limits on banks’ currency forward and derivatives trades on Sunday, a source at the Ministry of Strategy and Finance said on Friday.
Read more
Archive for 'Commentary'
Gulf region to stay with dollar for oil: UAE central bank source
Gulf Arab oil exporters will stay with the dollar as the currency for trading crude, a source in the United Arab Emirates central bank said on Tuesday.
Read more
IMF: Yuan Will Rise One Day
Chinese officials made it clear Sunday they intend to push for greater domestic economic growth, signaling that they would even allow the yuan to rise once the global financial jitters subside.
Read more
G7 welcomes China backing for flexible currency
The G7 on Saturday reiterated its caution against “excess volatility and disorderly movements in exchange rates” in a brief statement at the close of their summit in Istanbul.
Read more
Dollar Is Best Looker in Ugly-Currency Parade
Last month, Russian Prime Minister Vladimir Putin labeled the world’s reliance on the dollar “dangerous” and called for an “irreversible switchover” to a system of multiple reserve currencies.
Read more
European banks, currency vulnerable
While the entire world rounds on US bankers for creating a mess of the financial system, European bankers are now being pushed into the spotlight.
Read more
EU’s McCreevy says weak sterling difficult for EU
The decline in sterling is ‘causing difficulties’ for some European Union countries, EU Internal Markets Commissioner Charlie McCreevy said in a newspaper interview on Thursday.
Read more
The pounding of the pound
The presidential address was not the only speech fixed for yesterday. While the rest of the world was digesting the inauguration of the new leader of the world’s largest economy, the Governor of the Bank of England chose to deliver his first big sermon of the year.
Read more
Money makes the world go round Britain and Colonial America
It could be the Bank of England, the European Union Central Bank, or the Federal Reserve or for that matter hundreds of other national central banks. These institutions all have essentially the same function.
Read more
-Russia rouble moves weighs on regional currencies
The quickening pace of Russia’s rouble devaluation is piling pressure on the currencies of its neighbours and putting those without Moscow’s sizeable reserves at risk of foreign debt default and further capital flight.
Read more
Recent Comments