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| HSBC to pay $100 mln to settle US probe into currency rigging In October, a federal jury in Brooklyn convicted Mark Johnson, the former head of HSBC's global foreign exchange cash trading desk, of trading ahead of a $3.5 billion currency transaction by his client Cairn Energy Plc. Johnson has yet to be sentenced. Stuart Scott, HSBC's former head of cash trading ...
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| Currency rise raises hopes in war-torn Yemen A sharp rise in the currency of war-torn Yemen on Thursday following a $2-billion Saudi bailout sparked hope of relief for millions at risk of famine and reliant on imported food. For more than a year, the government has been unable to pay salaries and the riyal has more than halved in value against the ...
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| 2 detained for illegally carrying foreign currency at Dhaka airport Customs Intelligence officials detained two persons for illegally carrying foreign currency worth around Tk 28 lakh at Hazrat Shahjalal International Airport in Dhaka today. Detainees Ariful Islam is resident of Mirpur while Shamim Dhali is resident of Mohammadpur in Dhaka. When they were heading ...
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| Crypto-currency trading site launches in SA Crypto-currency enthusiasts in SA can now use Coindirect to trade their digital currencies, after the online platform went live in the country. South Africa joins the UK, Nigeria and Kenya to go live with the online crypto-currency trading platform ahead of a global rollout in 2018. With offices in London and ...
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| HSBC to pay US$100M penalty to end US currency-rigging probe HSBC Holdings Plc has agreed to pay US$100 million in penalties to resolve a U.S. Justice Department investigation into the rigging of currency rates, according to a person familiar with the matter, part of a probe that has already led to the conviction of one of its former bankers and charges against ...
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| Weak currency & low supplies, bring high banana prices in Ukraine "In addition to the growing global trend, increasing banana prices in Ukraine are accelerated by the devaluation of the national currency. Bananas are the only fruit, where prices continued to rise after the holidays. For example, citrus prices have noticeably shifted down in the last 2 weeks, despite the ...
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