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Iran Arrests Currency Traders in Attempt to Halt Rial's Slide The commander of the Greater Tehran police force Hossein Rahimi said about 90 currency dealers had been detained, according to the official Islamic Republic News Agency, without giving further details. The registered houses offer higher exchange rates to the dollar than official banks, making them ...
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UPDATE 1-Schneider Electric ends 2017 on high note despite currency headwinds It reported "record" adjusted earnings before interest, taxes and amortization (EBITA) of 3.65 billion euros ($4.55 billion), giving an adjusted core profit margin of 14.8 percent and offsetting stronger-than-expected negative currency effects. "The continued execution of our strategy delivers a strong +90bps ...
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Sri Lankan rupee hits fresh record low as political uncertainty weighs But during the latter part of the day we saw some exporter selling," said a currency dealer. "Rupee will be under pressure to depreciate until we see a solution to the political uncertainty." The local currency has weakened 1.3 percent so far this year. The currency is expected to be pressured by continued ...
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