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Foreigncurrencytrading News


Taiwan Central Bank Governor: Chiang Mai Initiative Should Be Expanded Further - Wall Street Journal


Taiwan Central Bank Governor: Chiang Mai Initiative Should Be Expanded Further
Wall Street Journal
"The volume of foreign currency trading in Asia is becoming huge, and based on our experience from the Asian financial crisis, the fund size is still not enough to contain any contagion in the event of another regional financial crisis; ...

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OTC trading solutions co TradAir raises $4m - Globes


OTC trading solutions co TradAir raises $4m
Globes
The company provides OTC solutions for solutions for foreign currency trading by institutions in emerging markets. It markets the solutions in Israel and abroad. TradAir chairman is former Bank Hapoalim CEO Zvi Ziv. CEO Illit Geller and COO Ayal ...

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Lira Weakens Third Day as Greek Parties Debate Bailout Terms - Bloomberg


Lira Weakens Third Day as Greek Parties Debate Bailout Terms
Bloomberg
“We saw $500 million to $600 million in outflows yesterday as London traders bought dollars,” Burcin Metin, head of foreign currency trading at ING Bank AS in Istanbul, said by e- mail. “Almost all of it was about Greece and the euro-zone.

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Expert views - Rupee falls to record low - Reuters India


AFP

Expert views - Rupee falls to record low
Reuters India
ASHTOSH RAINA, HEAD OF FOREIGN CURRENCY TRADING, HDFC BANK, MUMBAI "The level of 55 rupees to a dollar is very much possible. The RBI can intervene strongly. But, for the rupee, given the global environment, and the dollar strength, RBI can contain the ...
Analysts' views on rupee's future prospectsEconomic Times
RBI's 'massive' intervention sparks rupee gainsNDTV

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Bo Beckman's bid to ownership in Wild didn't pass NHL scrutiny - Pioneer Press


Bo Beckman's bid to ownership in Wild didn't pass NHL scrutiny
Pioneer Press
Beckman, 42, is on trial with Pat Kiley, 73, and Gerald Durand, 61, for their roles in the Trevor Cook Ponzi scheme, which involved more than 700 investors nationwide and a supposed foreign currency trading strategy. Cook pleaded guilty to fraud ...

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Online Trading Platform iFOREX Expands its Development Team to Offer More Services - MarketWatch (press release)


Online Trading Platform iFOREX Expands its Development Team to Offer More Services
MarketWatch (press release)
... 2012 has already been a milestone year for iFOREX, as the company has expanded its services and broadened its tradable products, and this new enhancement of the development team marks further progress for the foreign currency trading platform.

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Bank checks risk after JPMorgan - Sydney Morning Herald


Sydney Morning Herald

Bank checks risk after JPMorgan
Sydney Morning Herald
In 2004, National Australia Bank revealed it had been hit with $360 million in foreign currency trading losses. This soon led to a major cleanout of the bank's executive ranks and a widespread overhaul of the business. Despite the trading losses, ...

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Bank checks risk after JPMorgan - Brisbane Times


Brisbane Times

Bank checks risk after JPMorgan
Brisbane Times
In 2004, National Australia Bank revealed it had been hit with $360 million in foreign currency trading losses. This soon led to a major cleanout of the bank's executive ranks and a widespread overhaul of the business. Despite the trading losses, ...

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Trial of Trevor Cook associates to resume May 7 - Pioneer Press


Trial of Trevor Cook associates to resume May 7
Pioneer Press
Beckman, Kiley and Durand are on trial in Minneapolis for their roles in a foreign currency trading investment plan that lured clients with promises of steady returns of 10 percent annually, or better. It collapsed in July 2009.

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Dollar exceeds AMD 393/$1 in Armenia - Information-Analytic Agency NEWS.am


Dollar exceeds AMD 393/$1 in Armenia
Information-Analytic Agency NEWS.am
The NASDAQ OMX Armenia stock exchange saw no foreign currency trading on Tuesday, and the reason was the US dollar's extremely high offer exchange rate against the Armenian dram (AMD). The dollar was offered at AMD 394/$1, but the maximum demand was ...

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