Archive for July 30th, 2009

HSBC May Post Loss as US Unit Pushes Bad Loans to $15 Billion
Bloomberg
The bank's currency-trading capabilities in Hong Kong and China also make HSBC “better placed than most” to gain from China's plan to increase international

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Bulgaria Will Apply to Join EU's Currency Peg, Djankov Says
Bloomberg
July 31 (Bloomberg) — Bulgaria will apply in November to join the exchange-rate mechanism, the European Union's two-year

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US major banks pay over $30 bln in bonuses amid bailout
Xinhua
NEW YORK, July 30 (Xinhua) — Citigroup Inc., Bank of America Corp., and seven other US major banks paid over 30 billion US dollars in bonuses in while

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MONEY MARKETS-Bank funding costs extend fall; so does US CP
Reuters
NEW YORK/LONDON, July 30 (Reuters) – Benchmark bank-to-bank lending rates for US dollars, euros and sterling fell to fresh

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AFLAC Inc. Q2 2009 Earnings Call Transcript
Seeking Alpha
Assuming the yen/dollar exchange rate and the pricing of the perpetual securities remain unchanged from June 30s levels, and no additional downgrades to
Mylan Inc. Q2 2009 Earnings Call TranscriptSeeking Alpha

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| EXCHANGE RATE
Ceylon Daily News
Exchange Rates on 30th July 09 The average rates of the following currencies quoted by commercial banks in Colombo. Currency Buying Rate Selling Rate US

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Brazil's central bank calls auction to buy dollars
Reuters
SAO PAULO, July 30 (Reuters) – Brazil's central bank offered to buy US dollars on the spot foreign exchange market on Thursday as part of an ongoing effort

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Reuters
WORLD FOREX: Dollar Shaken In Knee-Jerk Response To Tsy Auction
Wall Street Journal
NEW YORK (Dow Jones)–The dollar suffered knee-jerk losses against the euro and yen after the results of a closely watched Treasury
FOREX-Dollar falls as stock advance lifts risk appetiteReuters
WORLD FOREX: Euro Recovers Vs Dollar Despite IMF ReportWall Street Journal
WORLD FOREX: Euro Up Tad Vs Dlr, Yen; May Fall Again LaterWall Street Journal
Reuters -Wall Street Journal -Wall Street Journal
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BRIC Nations Attack the Dollar, But Status as Reserve Currency Is
Seeking Alpha
The BRIC nations hold trillions upon trillions in reserves, most of it in US dollars. This enormous exposure to dollars puts the BRIC nations in the strange

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