Tag: Financial Markets
EU heads back financial clampdown
Gordon Brown: ‘Global solutions for global problems’
European leaders in Berlin have agreed on the need to regulate all financial markets including hedge funds.
Leaders of Europe’s major economies said a global solution was needed to the current financial crisis.
German Chancellor Angela Merkel highlighted that leaders faced an “extraordinary international crisis”.
But leaders including UK Prime Minister Gordon [...]
Posted: February 23rd, 2009 under News.
Tags: AFP, European Comission, European Union, Financial crisis, Financial Markets, G20, Global Economy, Global Recession, Global System, IMF
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Euro Falls on Report Russian Banks May Seek to Reschedule Debt
By Ron Harui and Yasuhiko Seki
Feb. 10 (Bloomberg) — The euro fell against the dollar and the yen as a Nikkei newspaper report that Russian banks and businesses may seek to reschedule $400 billion of foreign loans deepened concern financial turmoil in Europe is worsening
Posted: February 10th, 2009 under News.
Tags: currency, economic stimulus, Euro fell against, financial Difficulties, Financial Markets, Forex, Global Economy, Global Recession, worrying developments
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FOREX-US dollar tumbles after Fed cuts rates to record low
By Vivianne Rodrigues
NEW YORK, Dec 16 (Reuters) - The U.S. dollar tumbled versus the euro and the yen on Tuesday after the Federal Reserve cut its benchmark interest rates more than expected to a record low, further diminishing the appeal of the greenback.
Posted: December 17th, 2008 under News.
Tags: Australian Dollar, bank of Japan, Dollar, Euro, Federal Reserve, Financial Markets, Foreign-exchange trading, Global Recession, greenback, inflation, Intercontinental Exchange, Major currencies, New Zealand Dollar, U.S. Dollar index, Yen
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Mexico to Require Companies to Detail Derivative Bets
By William Freebairn
Dec. 2 (Bloomberg) — Mexico’s securities regulator will force companies to provide a more detailed explanation of their derivative holdings, mirroring a move by Brazil, after wrong-way bets triggered more than $3 billion in losses.
Posted: December 3rd, 2008 under News.
Tags: currency, Disclosures, Financial Markets, global financial crisis, peso, Securities
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Asian Money Market Rates Rise as Recession May Slow Lending
By David Yong and Candice Zachariahs
Nov. 26 (Bloomberg) — Funding costs in Asia’s biggest financial markets increased as concerns about a deepening global recession overshadowed U.S. efforts to revive consumer credit, prompting banks to slow lending.
Posted: November 26th, 2008 under News.
Tags: Asian money market, Dollar, Euro, Financial Markets, Japan, Recession, Yen
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