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| Venezuela to open currency exchanges in airports, hotels CARACAS, May 2 (Xinhua) -- The Venezuelan government gave the go-ahead on Wednesday for currency exchanges to be opened in special economic zones, airports, hotels and tourism centers, said the executive vice-president, Tareck El Aissami. "We will open currency exchanges in the coming ...
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| Currency fears in Hong Kong prompt surge of extra cash A surge in wealthy Hong Kong clients transferring money to Standard Chartered helped to lift its first-quarter profits by a fifth. "Priority clients" drove a 14 per cent rise in retail banking revenues at the London-listed, emerging markets-focused institution as it recorded higher income from its wealth ...
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| EUR/USD Hits Five-month Low but has Further to Fall say Credit Suisse, Morgan Stanley Europe's single currency now trades at a year-to-date loss relative to the US Dollar after having unwound a near-5% gain during the three months to the beginning of May and, although they have different ideas around how to profit from it, strategists at both Morgan Stanley and Credit Suisse have ...
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