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Yen to resume downtrend on decline in Consumer Prices

Against expectations, the Bank of Japan refrained from introducing another interest rate cut on Thursday. This resulted in a sharp rise of the Yen against the US dollar, the Euro and the British Pound. However, a close look at the

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HSBC Bank Acknowledges More Work Needed To Stop Bad Actors

HSBC chairman Douglas Flint has acknowledged that the bank needs to do more to identify bad actors in the organization and protect the financial system. He said this in a recent annual general meeting held recently for the Britain’s biggest

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Russian Ruble continues to sink in oil glut

On Monday, following the news of the strike by the Kuwaiti oil and gas workers, the price of crude oil increased 3.27% to $41.03 per barrel. Russia, being a commodity based economy, saw its currency, the Ruble, strengthen against the

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SEBI Proposes to Overhaul Disclosure Norms for Rating Agencies

The Securities and Exchange Board of India (Sebi) has proposed a number of measures to strengthen the functioning of credit ratings agencies (CRAs). These measures include stricter disclosure norms, separating out the securities ratings department and periodical review of processes.

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Real to strengthen further on commodity price recovery

The USDBRL (US dollar – Brazil Real) currency pair, which hit an eight month low on Monday, bounced back to hit a high of 3.5619, following an intervention from the Central bank of Brazil. However, the uptrend was short-lived. The

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World Bank Retains Predictions Of Growth For The Philippines

The World Bank has stated that the Philippines is expected to continue its growth trajectory despite a slowdown in the economies of surrounding countries and pointed out that the Philippines was only behind China and Vietnam in terms of growth

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Low inflation and booming economy keep Krona range bound

For more than a year, the USDSEK (US dollar:Swedish Krona) remains range bound between 8.08 and 8.64. While the US dollar strengthened against most of the currencies in 2015, it was not so against the Swedish Krona. All the gains

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Panama Papers Reveals Shadowy Dealings of World’s Wealthiest

Dubbed as The Panama Papers a massive leak been in extremely confidential documents of a Panamanian law firm called Mossack Fonseca has thrown light for the first time ever on the financial affairs of some of the world’s wealthiest individuals.

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Pound turns bullish on positive economic data

After falling to a low of 1.3835 in the last week of February, the GBPUSD currency pair recovered to hit a high of 1.45136 in the second week of March. Altogether, so far, the GBPUSD pair has seen more than

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S&P Downgrades China’s Credit Outlook Rating To Negative

Rating firm S&P has cut its outlook for China’s sovereign credit rating from stable to negative but has retained the rating on its sovereign debt at AA- , making it the second rating company to have lowered its optimism on

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