Japan And South Korea Agree To Reopen Currency Swap Line
Japan and South Korea have announced that they intend to start discussions for setting up a fresh currency swap agreement in order to bolster the relationship between the two countries. The finance ministers for both countries met in Seoul last
Read MoreEuro to soar on Germany’s y-o-y GDP growth of 3.1%
The equity market recovery around the world caused the Euro to tumble in the second week of August. It looks rather strange but it was one of the primary reasons for the Euro’s decline. When an overseas fund wish to
Read MoreNew RBI Governor’s First Challenge Is To Redeem FCNR Deposits
The newly appointed Governor of the Reserve Bank of India (RBI), Urjit Patel has three big priorities ahead of him which are managing the redemption of $20-25 billion FCNR deposits, controlling inflation in the country and continuing the banking clean-up
Read MoreRBS Now Set to Charge Financial Institutions To Hold Cash
The Royal Bank of Scotland (RBS) has announced that it will be charging major financial institutions a fee for holding on to cash on their behalf. This is the first time that a bank is charging for deposits since the
Read MoreFTSE 100 Companies Paying More Towards Their Pension Funds
Most of Britain’s large companies have paid their shareholders five times more than what they pay towards their employees’ pension funds. Lane Clark & Peacock (LCP), a pension’s expert carried out a study which highlights the fact that in 2015,
Read MoreEuro turns bullish on rise in investors’ confidence
Overwhelmingly positive non-farm employment change data assisted the US dollar to regain bullishness last week. On the other hand, the Eurozone’s June economic data, reflecting a decline in the German factory orders and contraction in the industrial production in Italy,
Read MoreEgypt Imposes Penalties For Trading Dollars On The Black Market
The Egyptian government has introduced penalties for traders selling foreign currency on the black market. An acute dollar shortage has resulted in the development of a black market for the currency resulting in widely differing exchange rate. According to the
Read MoreSEBI May Tighten Regulations For Algorithmic Trading In India
India’s securities regulator, the Securities and Exchange Board of India (SEBI) has said last week that it is considering increasing regulations for algorithmic trading in the country. The regulatory body stated that it was considering various limiting measures such as
Read MoreAussie to decline on soft building approvals data
The fall in the price of crude oil to about $41 per barrel and the uncertainty in Europe eroded the value of the Mexican Peso, while strengthening the riskier assets such as the Australian dollar. However, it seems like the
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