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Brazilian SEC confirms: digital currency Niobium Coin (NBC) is not a financial asset As a result, the new cryptocurrency, which will serve as a reference currency for transactions on the future Business Virtual Currencies Exchange of São Paulo (BOMESP - Bolsa de Moedas Virtuais Empresariais de São Paulo), will not be considered a financial asset, and will therefore not be subject to ...
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ETF flows show Japan investors aren't worried about currency risk The old bet on Japanese equities always involved hedging away the currency risk. That's because there's a decades-old correlation between a falling yen and rising Japanese stock markets. Lately, though, that correlation has reversed. The Nikkei 225 was one of the world's best performing markets last ...
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Canamex Gold welcomes international currency systems expert as director His appointment brings significant depth of experience and legal skills, of international currency systems and of Global Mint operations, having been the legal counsel for the Royal Canadian Mint for a long period, said David Vincent, chief executive at Canamex. "His background complements the new ...
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Sterling steadies around $1.39 after best run since 2014 LONDON, Jan 18 (Reuters) - Sterling steadied around $1.39 on Monday, with traders cautious about pushing the pound higher after five consecutive weeks of gains against the dollar - the currency's longest winning streak since 2014. Data published on Friday showed speculators increased their ...
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Iran central bank governor warns speculators they face losses betting against rial DUBAI, Jan 22 (Reuters) - Iran's central bank chief on Monday warned investors speculating on the fall of the rial that they were heading for losses because his bank could control the foreign exchange market and the currency was likely to rebound in the next couple of months. Goveror Valiollah Seif was ...
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Euro schism reopens in central Europe as EU pushes reform Nationalist governments in Budapest and Warsaw say euro membership would curb their autonomy in running their economies which are growing nicely without the common currency. Prague has also shelved the idea. But this month a group of Polish economists, including former central bank governor ...
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UK's Prudential Was Mystery Victim of HSBC's Front-Running The Justice Department declined to comment. HSBC was hired in 2010 by Prudential to execute financial transactions related to the AIA acquisition, according to marketing material HSBC sent Cairn touting its expertise handling such currency deals and shown by U.S. prosecutors at the Brooklyn trial.
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Banks reject EU financial bailout The foreign currency shortages have resulted in massive arbitrage and rent-seeking behaviour as the United States dollar now has multiple exchange rates in Zimbabwe. For instance, one has to transfer up to US$140 from the bank or $120 in bond notes to get US$100 from the thriving black market.
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