Germany’s Gov’t Denies Supporting Troubled Deutsche Bank
As the global banking major Deutsche Bank increasingly comes under pressure with the U.S. seeking a multibillion dollar fine for malpractice there has been growing debate within Germany as to whether Chancellor Angela Merkel will intervene in an election year
Read MoreFranc turns bullish on widened trade surplus in August
The market is still in the process of digesting the possibility of a Fed rate hike only at the end of the year. The decision to keep a check on the long-term rates by the BoJ has also changed the
Read MoreChina To Curb ‘Fake’ Overseas Merger & Acquisition Deals
China is looking to clampdown on fake international merger and acquisition deals that are being used by local companies to move assets outside the country. China has previously implemented a number of capital controls to stem the flow of capital
Read MoreFFA UK Campaign Provides Strategies To Counter Financial Scams
The rising incidence of financial fraud in the UK has prompted the Financial Fraud Action UK (FFA UK), a group representing UK’s payment industry to launch a campaign to educate people of its dangers. According to FFA UK, there were
Read MoreLondon’s Role In Euro Transactions Comes Into Focus With Brexit
British banks are the largest institutions dealing in euros outside the European Union’s single currency area according to the Quarterly Review report released recently by the Bank for International Settlements (BIS). BIS which is a forum comprising of central banks
Read MorePound weakens as BoE prepares for corporate bond purchase
The UK Office for National Statistics stated that the consumer prices in the UK increased 0.6% y-o-y in August. The reported increase was a notch below the analysts’ estimates, but in line with the inflation rate reported for the previous
Read MoreQ2 GDP growth of 0.6% strengthens Rand
The South African economy was in shambles in the first-quarter of 2016. The economy shrank 0.10% y-o-y. The currency lost more than 30% of its value in the past 18 months. The exchange rate of Rand fell to $0.0639, which
Read MoreUK Losing Ground As The World’s Top Forex Market
The UK has been considered to be the most dominant market for foreign exchange (forex) transactions. But a recent survey has revealed that for the first time in over a decade, the UK’s share in forex transactions worldwide has dipped
Read MoreSingapore Holds Firm As Third Largest Foreign Exchange Center
A survey that is conducted every three years has reconfirmed Singapore’s position as the third-largest foreign exchange center in the world. The number one foreign exchange center is London and New York takes the second place in the rankings. The
Read MoreIndian Government Approves Amendments To FDI Policy
The Indian government has approved a wide range of changes to the country’s Foreign Direct Investment (FDI) policy which was initially released on June 20. This was the second round of substantial economic reform introduced after the initial set was
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