Tag: International Monetary Fund
Banks Face Downgrades on Eastern European Losses, Moody’s Says
By Zoe Schneeweiss and Niklas Magnusson
Feb. 17 (Bloomberg) — Austrian, Swedish and other banks with subsidiaries in eastern European may face rating downgrades as economies in the region deteriorate, according to Moody’s Investors Service.
Posted: February 17th, 2009 under News.
Tags: currency, Eastern European Losses, Estonia’s Hansabank, Forex, Forex Market, Forex Trading, Global Recession, International Monetary Fund, Moody’s Investors Service
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Geithner Pressed By G-7 to Push Ahead With Bank Bailout Plan
By Simon Kennedy and Rebecca Christie
Feb. 16 (Bloomberg) — Finance chiefs from the Group of Seven nations joined the chorus of U.S. investors and lawmakers pushing Treasury Secretary Timothy Geithner to move faster to fix the banking system.
Posted: February 16th, 2009 under News.
Tags: Asian Currencies, Asian Economy, Bailout Plan, currency, Euro-zone, Forex, Forex Market, G7, Global Economy, Global Recession, Group of Seven, International Monetary Fund
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Japan’s Investors Savor Strong Yen in Hunt for Assets (Update1)
By Ron Harui
Feb. 9 (Bloomberg) – Daiwa SB Investments Ltd. is urging clients to put their money into Brazil, Mexico and Turkey after the yen’s 55 percent gain against their currencies made emerging markets a bargain. A year ago, it wasn’t recommending any developing nation funds.
Posted: February 9th, 2009 under News.
Tags: Australian Dollar, currency, Dollar, Emerging-market assets, Foreign Investment, Forex, Forex Market, Global Economy, Global Recession, International Monetary Fund, International Stocks, Mexican Peso, Mizuho Asset Management Co., New Zealand Dollar, Yen
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Asian Currencies Rise, Led by Taiwan Dollar, on Spending Plans
By David Yong
Feb. 3 (Bloomberg) — Asian currencies rose, with Taiwan’s dollar posting its biggest gain this year, on optimism investor appetite for the region’s equities will increase as governments step up public spending.
Posted: February 3rd, 2009 under News.
Tags: Asian Currencies, bank of Japan, Bank of Korea, currency, Euro, Forex, Global Recession, Hong Kong Global Markets, International Monetary Fund, Kookmin Bank, Singapore dollar, Taiwan Dollar
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Ringgit, Rupiah, Peso Drop on Weak Growth Outlook; Won Advances
By Kim Kyoungwha and David Yong
Jan. 29 (Bloomberg) — Malaysia’s ringgit, Indonesia’s rupiah and the Philippine peso declined on speculation demand for emerging-market assets will wane as a global recession fans risk aversion. South Korea’s won strengthened.
Posted: January 29th, 2009 under News.
Tags: Asian Currencies, Bangko Sentral ng Pilipinas, Bank of Korea, Capital Outflows, currency, Euro, Federal Reserve, Forex, Global Recession, International Monetary Fund, The Asia Dollar Index
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Trichet Says ECB’s Next Important Rate Meeting Is In March
By Simone Meier and Francine Lacqua
Jan. 29 (Bloomberg) — European Central Bank President Jean- Claude Trichet said the bank’s next “important” meeting will be in March, suggesting policy makers will avoid the interest-rate cut some investors expect next week.
Posted: January 29th, 2009 under News.
Tags: Bank of England, currency, Deutsche Bank AG, ECB, European Central Bank, European Commission, European manufacturing and service industries, Federal Reserve, Forex, global financial crisis, Global Recession, International Monetary Fund, Royal Bank of Scotland, Swiss Central Bank, Wait-and-See-Policy
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