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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 [...]

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

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.

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.

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.