"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
The decision of the British people to leave the EU has shocked many people. Even those fearing that the referendum may result in the undoing of the work of many previous years for a stronger union of the European nations, had a sense of ...
Tags: leaving EU, referendum
The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
China's economy posted a 6.9-percent growth year on year in the third quarter of 2015, lower than 7 percent in the first half of the year, the National Bureau of Statistics (NBS) announced on Monday. In the first three quarters of the ...
Tags: China's GDP, interest rate
Revenues for the three months to June 30, 2015 climbed 11.4 per cent over the three months to March 31, 2015 at Kordsa Global, a Turkish producer of industrial yarn and cord fabric. Kordsa Global's revenues amounted to TRY 869 million in ...
Tags: industrial yarn, fabric
The company has developed a sophisticated payment platform, offering instant payment services towards its customers. While having also developed partnerships with many international banks, BTCGaw is able to provide online automatic and ...
Tags: alternative currency markets, system, Lights
"Clariant had a promising start to the year with good volume growth and an increase in operating profitability," said CEO Hariolf Kottmann. "Overall, our businesses performed well in an improving but still mixed economic environment. The ...
Tags: Construction, Decoration, economy
The Ifo Indicator for the world economic climate continued to rise. Assessments of the current economic situation were more positive than three months ago. The six-month economic outlook remains bright. The world economy is expected to gain ...
Tags: Service
Stockport-based schoolwear supplier Rowlinson Knitwear has implemented a new foreign exchange strategy to help protect the firm from currency volatility risk. Working with HSBC's Manchester Commercial Centre, Rowlinson has ensured ...
Tags: schoolwear, Knitwear
Asian stocks rose and gold hit a near three-month high while the dollar nursed losses on Monday, extending a move started late last week when a steep drop in U.S. new home sales tempered expectations the Federal Reserve will soon reduce ...
Tags: Asian stocks, Chemicals
THE Australian dollar was slightly higher yesterday after taking a roller-coaster ride in the previous 24 hours. On Thursday afternoon the currency dropped to an almost three-year low of US94.35c, but in offshore trade on Thursday night ...
Tags: Service
The Australian dollar is slightly higher after it was taken on a roller coaster ride over the past 24 hours. The currency dropped yesterday afternoon to an almost three-year low of 94.35 US cents, but in offshore trade last night it ...
Tags: Dollar, US Economic Figures
Crude futures diverged late in the US trading day Wednesday, as the front-month ICE Brent contract slid from a session high of $104.07/b to a low of $102.85/b in a little over 40 minutes. ICE July Brent settled 20 cents lower at ...
Tags: Crude Markets, Chemicals, Brent
THE dollar slipped during quiet Asian trading yesterday as dealers waited for testimony by US Federal Reserve chairman Ben Bernanke, due overnight last night. Analysts and traders believe that Mr Bernanke's comments will be critical for ...
Tags: economy
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...