Archive for February 28th, 2010

China Restates Intention to Hold Currencys Exchange Rate Steady
Before It’s News
China reaffirmed its determination Thursday to hold down the renminbi’s exchange rate to help its beleaguered exporters. Beijing is under pressure,

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The Hindu
Forex News
Breaking News and Sport
News across the top four currencies in the latest Forex news. Following last Thursday's one year low of the euro against the yen,
Europe shares rise as miners gain; DAX up 1.51%Forex Pros
Gold Consolidates as Concerns of the Global Debt Crisis IncreaseBefore It’s News

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'Taming peso not the way to go'
Business Mirror
“They should be reminded that competitiveness in the global market extends beyond the exchange rate. The IMF several years ago said export competitiveness
Infrastructure lack, red tape constraining exporters, says BSPManila Times

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Reuters
Prudential may buy AIG's Asian arm
The Press Association
A year ago AIG posted the biggest quarterly loss in US corporate history – 61.7 billion US dollars (£43.87 billion) for the fourth quarter of 2008.
Prudential buys AIG Asia arm for 35bln dlrs: sourceSydney Morning Herald

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Gold price hinges on Dollar, Euro rally
Commodity Online
Further to our piece on the €:$ Exchange rate last issue, we have found that the topic, at last, is hitting mainstream. It is always difficult to be weaned

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Forex – AUD/USD weekly outlook: March 1-5
Forex Pros
Forex Pros – Next week follows a volatile one for AUD/USD during which the pair fell to a 2-week low and hit a 1-month high, amid fears over Greece and

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China to expand yuan trade settlement trial
Moneycontrol.com
China will expand a trial scheme allowing some firms to settle trade deals in the yuan currency, as businesses seek to control exchange rate risks,
Revaluing the Yuan: Call China's Bluff, Or Proceed With Caution?Forexrazor

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Options point to lower shekel-dollar rate
Globes
Options trading is pointing to a lower shekel-dollar exchange rate, which is falling 0.34% to NIS 3.783/$, and to a 0.06% rise in the shekel-euro exchange

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Financials, Housing Face Growing Trouble
Seeking Alpha (blog)
It is something of an old corporate game however to carry inter country loans or profits on the books as current balances from currency trading operations,

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Foreign investment in Russia plunges 21 percent in 2009
People’s Daily Online
Foreign investment in Russia slumped 21 percent in 2009 to 81.9 billion US dollars, the Federal State Statistics Service (Rosstat) said Saturday.

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