Tag Archives: foreign exchange

A shop cash register is seen with sterling and euro currency in the cash register in the border town of Pettigo, Ireland October 14, 2016. REUTERS/Clodagh Kilcoyne Join now for FREE unlimited access to Reuters.com Register The euro is gaining against other currencies like the yen and the Swiss franc …

London: Indian citizens besieged in Ukraine’s southeast Mariupol region, particularly in Sumy, are reportedly still stranded and unable to escape the safety of an escalating war as Russia and Ukraine continue to disagree on a humanitarian corridor for civilians outside the conflict zone. About 700 Indians live in Sumy. About …

ECONOMYNEXT – Sri Lanka’s central bank has been taken by surprise by the sharp rise in inflation, Governor Nivard Cabraal said after inflation hit 15.1% in February 2022, after two years of printing record currency to keep interest rates low. The central bank also accused banks of failing to raise …

People queue outside a supermarket in Colombo, following Sri Lanka’s declaration of a state of emergency due to food shortages as private banks ran out of foreign currency to finance imports. August 31, 2021 Ishara S. Kodikara | AFP | Getty Images For Zahara Zain, current times in Sri Lanka …

Victor Bhoroma AnalystAFTER trying for three years to impose a single currency while avoiding critical economic reform, Zimbabwe’s dedollarization plan has all but failed. The economy has returned to the multi-currency regime that prevailed between 2009 and 2018, with US dollar transactions now dominating formal and informal trade. Even though …

Mumbai: Members of the RBI’s monetary policy committee had been considering what steps to take in case the situation in Europe leads to higher oil prices. Minutes of the February 9 Monetary Policy Committee (MPC) meeting, released on Thursday, reveal that central bank policy action would be needed if energy …

Nepal’s external debt stock decreased slightly in the second quarter of the current FY 2021-22 in local currency from the first quarter despite an increase in the flow of foreign loans in the quarter. This is due to foreign exchange gains made by the national currency due to the depreciation …

Taste & Nutrition recorded volume growth in all regions and Consumer Foods recorded volume growth across the business. The group’s COI increased by 9.8% to €875.5 million ($995.5 million). This represented a trading profit margin increase of 40 basis points, driven by the recovery of operating leverage, portfolio mix and …

BUENOS AIRES, Feb 14 (Reuters) – A devastating wildfire in Argentina’s northern province of Corrientes has spread to more than 500,000 hectares, or 6% of the region’s total area, highlighting the impact of dry weather due to the Niña climate regime in the South American nation. A Civil Defense source …

January 30, 2022 – A weaker Croatian national currency (kuna) when Croatia joins the Eurozone could cause more problems than it solves. As Poslovni Dnevnik/Ana Blaskovic writes, with Croatia’s rapid approach to joining the Eurozone, which is expected to take place at the very beginning of 2023, one of the …

GORKY, January 27. /TASS/. Russian Security Council Deputy Chairman Dmitry Medvedev believes the country can do without dollar payments if necessary, replacing them with euro or yuan payments. “Yes, the absence of dollar payments can be replaced by euro payments if there are decisions on the euro, the yuan exists. …

If there was one character in literature who best reflected the power the US Federal Reserve wields over the global economy, it would be Gulliver. Although he was a good guy who meant no harm, his very massiveness presented a danger to everyone around him – in this case, the …

from Kenya tourism The industry has started to recover from losses caused by the COVID-19 pandemic, the government said on Jan. 19. He said trips from locals had increased as prices were lower. The number of foreign visitors, however, is still well below pre-pandemic levels. The tourism industry is generally …

Twenty years ago, on 1 January 2002, twelve EU countries exchanged their national currency banknotes and coins for the euro in the biggest currency changeover in history. During these two decades, the euro has contributed to the stability, competitiveness and prosperity of European economies. More importantly, it has improved people’s …

BEIRUT (AP) — An investigative judge in Beirut on Tuesday froze some assets belonging to the country’s central bank governor, who is accused of corruption and neglect of duty during Lebanon’s unprecedented economic collapse. Judge Ghada Aoun said she ordered the freeze “as a precautionary measure” as an investigation into …

[ad_1] Hedge fund owner and CEO of Bridgewater Associates, Ray Dalio, has warned investors that cryptocurrency could be banned and advised against holding cash and bonds. A controversial statement for sure, but it’s not easy to ignore the advice of a man with a net worth of over $ 17 …

[ad_1] Twenty years ago, on January 1, 2002, twelve EU countries changed their national currency notes and coins to the euro in the biggest currency change in history. During these two decades, the euro has contributed to the stability, competitiveness and prosperity of European economies. Most importantly, it has improved …

[ad_1] KARACHI: When the first wave of the pandemic hit Pakistan, policymakers were concerned about the contraction in economic activity and the uncertainties accompanying the closures and blockages announced by the government. Various incentives have been given to different sectors to ensure that the impact of the Covid-19 shock is …

[ad_1] NEW DELHI: The rupee fell against the US dollar on Tuesday as the global strength of the greenback and weakness in domestic stocks soured sentiment for the Indian currency, brokers said. Traders also preferred to face existing bets on the rupee ahead of the Federal Reserve’s monetary policy statement …

[ad_1] Thursday, December 9, 2021:The exchange rate between the naira and the US dollar closed at 415.07 N / $ 1 at the official window of investors and exporters (I&E). The naira held steady against the US dollar on Thursday to close at N 415.07 / $ 1. This is …

[ad_1] ECONOMYNEXT – Sri Lanka will need a longer-term “real depreciation” of its currency to boost its exports, said World Bank chief economist for South Asia, making a repeated assertion national mercantilists. “Let me take a longer-term view of the currency, looking at the circumstances in Sri Lanka,” Hans Timmer, …

[ad_1] Strengthen the capital base of regional development financial institutions to better rebuild Almost 18 months after the start of the COVID-19 pandemic, the Board of Directors of the International Monetary Fund (IMF) approved the issuance of new Special Drawing Rights (SDRs) on August 2, 2021. The IMF proceeded to …

[ad_1] Text size Federal Reserve Chairman Jerome Powell. Alex Wong / Getty Images What is transient? Federal Reserve Chairman Jerome Powell admitted on Tuesday that it was not about inflation, and said the central bank would likely consider accelerating its reduction in bond purchases at its next meeting political on …

[ad_1] AComments of the Minister of Finance of the dds, update of the level of the lire ANKARA, November 16 (Reuters) – Turkish lira weakens 1.3% Tuesday to a new record of 10.22 against the dollar, weighed down by the expectations of another interest reaten cut by a central bank …

[ad_1] Band Sujata Rao LONDON, November 1 (Reuters) – The pound slipped on Monday, hitting its lowest level in more than two weeks against the dollar, under pressure from uncertainty over Bank of England policy and a post-Brexit escalation with France over Fish. High German and US inflation last week …

[ad_1] Mustafa Kamal said the rise in the dollar’s price was also normal TBS Report October 27, 2021, 10:35 PM Last modification: October 27, 2021, 10:39 PM Minister of Finance AHM Mustafa Kamal. Sketch: SCT “> Minister of Finance AHM Mustafa Kamal. Sketch: SCT Despite the rising value of the …

[ad_1] (a) Change excluding significant currency, energy (natural gas and electricity) and scope effects, see reconciliation in the appendix. Commenting on 3(rd) quarter sales for 2021, Benoît Potier, Chairman and CEO of Air Liquide, stated: “The third quarter confirms the continued sales growth observed in the first half-year. All activities …

[ad_1] Reserve managers can cope with the low-return environment by increasing the duration of their portfolios, investing in new asset classes, new markets and more active management of their gold stocks, as recommended. from an article in the last monthly bulletin of the Reserve Bank of India. . In light …

[ad_1] By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday as risk sentiment improved and investors focused on rising commodity prices and when global central banks are expected to start raising interest rates for to deal with still high inflation. The greenback hit a one-year high against …

[ad_1] Forward Looking Statements Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," …

[ad_1] The rapid growth of the money supply propelled by substantial bank loans to the government since last year has been a major cause of economic stability. The Central Bank has no room for maneuver to mop up this excess liquidity, in the absence of fiscal discipline. The Roadmap did …

[ad_1] As widely expected, the Reserve Bank of India (RBI) once again left its negative real policy rate unchanged in the October 8 monetary policy announcement. The macroeconomic situation on the ground had not changed significantly during its latest policy announcements. If anything, his dilemmas have escalated. First, despite the …

[ad_1] October. 12. 2021 Settings Finance 2021-10-07 16:32 Korea issues $ 1.3 billion in forex bonds at record spread Economy and Finance Ministry’s International Finance Bureau Director General Kim Seong-wook speaks during a briefing at the Sejong government compound on Thursday. Courtesy of the Ministry of the Economy and Finance …

[ad_1] Zimbabwe’s National Statistics Agency (Zimstat) pointed out that the (annual) year-over-year inflation rate increased slightly to 51.55% in September 2021 from 50.24% in August 2021 after 8 consecutive months of decline from 363% recorded in January 2021. The increase comes as a result of a widening of the spread …

[ad_1] An employee counts US dollar banknotes at a currency exchange office in central Cairo, Egypt, March 20, 2019. REUTERS / Mohamed Abd El Ghany./File Photo Dollar index down 0.2% British pound extends rebound from 9-month low NEW YORK, Oct.4 (Reuters) – The dollar slipped against a basket of currencies …

[ad_1] The Indian rupee broke its five-game losing streak on Friday to settle at 11 paise at 74.12 against the US dollar, following the strength of global currencies against the greenback. On the interbank foreign exchange market, the local unit experienced high volatility. It opened on a negative note at …

[ad_1] Business Ryan hamilton-davis 4 hours ago A long line of people waiting for covid19 relief grants at the Department of Social Development and Family Services in Port of Spain. – Photo by Sureash Cholai A few days after the covid19 virus was declared a global pandemic, on March 13, …

[ad_1] For Asia-Pacific currency markets, the past year could best be described as the calm after the storm. After a period of sharp price movements and intense trading across most currency pairs in early 2020, currency markets have returned to their sleepy and moderate pre-pandemic state. “We are back to …

[ad_1] China plans to ease restrictions on the ability of domestic banks to provide yuan-denominated loans abroad, a further step in its strategy to increase the global use of Chinese currency. The proposals were made by the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange in …

[ad_1] For the first time since the bankruptcy of Lehman Brothers in late 2008, there is a serious risk of global financial contagion. That is, it is possible that investors, en masse, will withdraw their money from large institutions around the world and these banks in turn may not be …

[ad_1] The spread between official and unofficial market exchange rates widened to N157.94 at close of business on Thursday, as a dollar traded against N570.00 due to the greenback’s scarcity. On a related note, one pound sterling was traded for N770, while one euro was traded for N655. Specifically, the …

[ad_1] AC Energy’s 405 megawatt solar project led by Ayala in partnership with the BIM group in Vietnam. RCBC is the sole lender for this project. It is one of the largest solar farms in Southeast Asia. Sustainable finance positively influences society in the Philippines. A recent bond issue illustrates …

[ad_1] Shirani Senanayake tries to send money to the United States for the education of her only daughter, who is studying for a master’s degree in economics in New York. Her daughter needs the money immediately for the current academic term, but Senanayake was unable to send the US $ …

[ad_1] Hundreds of Yemeni medical staff, academics and other professionals in the southern region of Saudi Arabia on the Yemeni border have learned in recent weeks that they are being made redundant, several Yemenis told Reuters. The exact number is not known. Staff said they had not received any justification …

[ad_1] Around the world, every central bank’s biggest nightmare is entrenched inflation. India, which is suffering the double shock of anemic growth and high inflation amid the Covid crisis, could witness exactly the situation that is giving central banks sleepless nights, according to Sanjay Mathur, Chief Economist, South East Asia …

[ad_1] LONDON, July 21 (Reuters) – Weaker global stock markets and a huge flight to safety in US Treasuries this week suggest investors are now skeptical that a much-anticipated return to post-COVID normalcy is achievable anytime soon. Data from the United States and China, which account for more than half …

[ad_1] Motilal Oswal Monetary Providers Nifty’s outlook Analyst: Chandan Taparia, By-product and Technical Analyst, MOFSL The Nifty50 index opened a spot and touched its new lifetime excessive of 15835 within the morning session on Friday. Nevertheless, the index remained in a spread for a lot of the day and closed …

[ad_1] The benchmark Sensex inventory index fell 155 factors on Friday, following losses by index heavyweights ICICI Financial institution, Reliance Industries and HDFC Financial institution amid largely unfavorable indicators from international markets. The 30-stock BSE index completed 154.89 factors or 0.31 % decrease at 49,591.32. Likewise, the broader NSE Nifty …

[ad_1] The greenback index, which measures the power of the buck in opposition to a basket of six currencies, rose 0.09 p.c to 92.13. The rupee depreciated 17 peas to 74.75 in opposition to the US greenback when commerce opened on Friday, following weak point in different Asian currencies. Merchants …

[ad_1] Wednesday April 7, 2021: The alternate charge between the naira and the US greenback closed N411 / $ on the Buyers and Exporters window. The naira depreciated in opposition to the US greenback for the third consecutive time on Wednesday April 7, 2021, to shut at N411 / $ …

[ad_1] Overview of central financial institution supervision: April is simply over every week outdated, however Fed policymakers have been lively within the intervening interval – and certain will stay in order the April 28 FOMC assembly approaches. Fed officers have fastidiously towed the road in order to not scare the …

[ad_1] Success in Foreign currency trading relies upon closely on which forex pairs you select to commerce every week and through which course, not to mention the precise buying and selling strategies you employ to find out buying and selling entries and exits. Success in Foreign currency trading relies upon …

[ad_1] The rupee fell 23 factors on Monday to shut at 73.25 towards the US greenback, extending its losses for the third session in a row amid rising crude oil costs and the strengthening of the US foreign money within the abroad market. -Wed. The greenback hit a three-and-a-half-month excessive …

[ad_1] On March 8, the rupee fell 23 factors to shut at 73.25 in opposition to the US greenback, extending its losses for the third session in a row as a result of rise in crude oil costs and the strengthening of the US greenback out there. abroad. The greenback …

[ad_1] © Reuters. A person shows US greenback banknotes after withdrawing cash from a financial institution in Harare By Saikat Chatterjee LONDON Reuters) – The US greenback hit a 3-1 / 2-month excessive on Monday as rising US Treasury yields scared buyers and elevated the attraction of the buck’s secure …