BIS Releases New Code of Conduct For Foreign Exchange Trading
The Bank for International Settlements (BIS) an international financial institution that is often referred to as the bank for central banks has issued a new code of conduct for foreign exchange trading. The new code comes against the backdrop of
Read MoreRBI Governor Recommends Stable Policy-led Growth For India
RBI Governor Raghuram Rajan has said that India must strike a note of caution in its growth expectations and not become over-ambitious given the uncertain global scenario. He said that the focus must be on sustainable economic growth. Delivering the
Read MoreCanadian dollar to decline on weak retail sales data
A series of positive economic data and the rise in the price of crude oil enabled the Canadian dollar to consolidate against the Japanese Yen in the past four months. The CADJPY pair touched a high of 88.795 on 24
Read MoreAMF Look To Ban Online Advertisement For Forex Brokerages
Brokerage firms in France could possibly see a reduction in their forex and Binary option transactions if the French regulator Autorité des Marchés Financiers (AMF) has its way. The regulator has sent a letter to French President Francois Hollande and
Read MoreIMF Urges Countries to Curb Corruption
The International Monetary Fund (IMF) has asked countries to focus on tackling corruption countries as it would improve their economic stability and boost growth and development. IMF has released a paper on the issue ahead of the UK government-sponsored anti-corruption
Read MoreUK Convicts Finance Professionals Over Insider Trading
Two senior finance professionals have been found guilty of insider trading in one of UK’s most high-profile cases. A jury in Southwark Crown Court convicted Martyn Dodgson, an ex-Deutsche Bank director and Andrew Hind, an ex-finance director at Topshopin after
Read MoreLoonie to decline as wildfire disrupts crude production
For the most part of fiscal 2016 first quarter, the Canadian dollar remained one of the strongest currencies. The Loonie had a bull run against most of the major currencies, including the Swiss Franc. However, during mid-April, the CADCHF pair
Read MoreHSBC To Continue Dividend Payouts Despite Q1 Fall In Profits
HSBC recently announced its results for the first quarter of 2016, reporting a fall of 14 percent arising from the decline in revenues from its investment banking and wealth management businesses. The bank posted a profit of $6.1 billion for
Read MoreBank Of Japan Makes No Change To Its Interest Rate Policy
The yen rose sharply this week against the dollar after Bank of Japan (BOJ) decided that it was going to hold its rates steady despite the yen’s persistent rise in the past few months. The markets reacted negatively as well
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