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| Federal Reserve of St. Louis: No Reputable Central Bank Would Issue a Decentralized Virtual ... That is, no reputable central bank would have an incentive to issue an anonymous virtual currency. The reputational risk would simply be too high. Think of a hypothetical "Fedcoin" used by a drug cartel to launder money or a terrorist organization to acquire weapons. Moreover, commercial banks would ...
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| Currency Woes, Price Hikes Cut Into Cuervo's First-Quarter Sales And Profits Grupo Cuervo saw its first-quarter sales decrease 12.7% to $229 million, due to currency fluctuations and what it called a "short-term decline" in the U.S. and Canada following price increases. Operating profit was down 36% to $51 million. In the U.S. and Canada, Grupo Cuervo's volume slipped 17% to ...
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| Euro Swedish Krona Exchange Rate Tests 2018 Best On Riksbank Currency Concerns The euro to Swedish Krona (EUR/SEK) exchange rate bounced up to touch fresh yearly highs on Thursday as the Swedish currency sold off in the wake of the Riksbank Central Bank meeting, which went pretty dovishly as most were expecting. A recent run of particularly unimpressive data releases have ...
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