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| UPDATE 1-Venezuela to resume local trading of hard-currency securities CARACAS, Jan 25 (Reuters) - Venezuela will allow securities denominated in hard currency to trade on a local bourse, the central bank said on Thursday, allowing citizens to legally acquire foreign exchange without going through the country's 15-year-old currency controls. The crisis-stricken OPEC ...
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| Diageo Upgraded Despite Currency Concerns Global drinks company Diageo (DGE) delivered a strong first half to its financial year. Morningstar equity analysts are nudging up their fair value estimate for the shares to £25 from £24 on higher profit margin assumptions, despite unfavourable currency movements. We still regard the shares, which rose ...
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| ECB's Draghi Criticizes Mnuchin's Currency Comments -- 5th Update The central bank has started to unwind its easy-money policies as the eurozone economy heats up, following the U.S. Federal Reserve on the path toward higher interest rates. But the ECB's confidence is tempered by concerns about possible economic headwinds, not least from the common currency.
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