Category: Currency and Forex

  • ACI World Congress

    45th ACI World Congress Attracts Global Market Experts, Investors The 45th ACI World Congress is an international gathering of financial markets experts. Approximately 500 international and local delegates will attend this year’s Congress in Manila May 26-27. The Congress features keynotes by President Gloria Macapagal-Arroyo of the Philippines, and plenary and panel discussions by world…

  • Tax Breaks Attract Investors To Brazilian Investment Funds

    Tax breaks and high levels of interest rates helped Brazilian investment funds attract a record 39.9 billion Brazilian reals ($18.7 billion) in the first quarter of 2006, the National Investment Banks Association (Anbid) reported last week. Fixed-income funds led the way in attracting new investors, pulling in a net BRL16.7 billion during the first three…

  • China issues rules on offshore investing

    SHANGHAI, China – China’s banking regulators on Tuesday issued rules for commercial banks to invest client funds offshore, an important step toward opening up the country’s tightly controlled foreign exchange regime. The regulations, which take effect immediately, are meant to widen the investment options available to institutional and individual investors, allowing them to diversify their…

  • Offshore Money Market Accounts

    The securities market dealing in short-term debt and monetary instruments. Money market instruments are forms of debt that mature in less than one year and are very liquid. Treasury bills make up the bulk of the money market instruments. Securities in the money market are relatively risk-free. Money Market: Introduction Whenever a bear market comes…

  • Malaysian unit put on short leash

    Speculators thought the Malaysian currency was a tiger. It turned out to be a kitten. A month after Malaysia unleashed the ringgit from the United States dollar, it has yet to live up to expectations for a sharp rise against the greenback and fat profits for foreign speculators. Instead, it has made only a meek…

  • The power of the money changers

    Foreign exchange is where politics, economics and business are quantified every second of every day Toronto — It’s 6:15 a.m. on the first Friday of the month. In a few hours, U.S. non-farm payrolls will be released, the single most influential event in global currency markets each month. On Canada’s largest trading floor, George Davis,…

  • A hedge against forex exposure

    When Beijing announced the 2.1 per cent revaluation of the renminbi late on July 21, traders at Deutsche Bank in Singapore had to rejig their plans for the evening to set-up the hedge against forex exposure. “It was chaotic because everyone had already left the office,” says Mirza Baig, currency strategist at Deutsche. “Traders had…

  • Time to invest offshore?

    Cape Town – South African investors should put some of their savings in offshore markets in order to take advantage of the opportunities not available in South Africa, as well as for diversification and risk reasons, it emerged at Stanlib’s 2nd International Investment Conference in Cape Town on Monday. This was particularly true now, when…

  • China’s stealth war on the U.S.

    by Max Boot – Maj. Gen. Zhu Chenghu of the Chinese People’s Liberation Army caused quite a stir last week when he threatened to nuke “hundreds” of American cities if the U.S. dared to interfere with a Chinese attempt to conquer Taiwan. This saber-rattling comes while China is building a lot of sabers. Although its…