Sterling falls against dollar and euro amid fears of no-deal Brexit
Pound goes weaker as markets factor in chance of chaotic exit from EU...
Tag : Exchange
AFEX partners with TradeRiver
AFEX API automates payments & foreign exchange services within the TradeRiver trade credit platform...
Saudi Stock Exchange to shift to T+2 cycle
Tadawul announces effective date for amending the settlement cycle of listed securities The Saudi Stock Exchange ‘Tadawul’ announces amending the settlement cycle of listed securities to (T+2) starting from Sunday 23rd of April 2017. This step comes after completing all necessary pilot phases to ensure full technical and functional readiness and connectivity with market participants....
Survey: Investors see positive changes to AIM
But companies need to ensure that they stay on top of their game March 15, 2017: Small and mid-cap fund managers believe the London Stock Exchange’s AIM market has developed into a genuine alternative to the Main Market, according to a survey. Some large growth companies, typically with a market capitalisation of over £500m, have...
Gold demand fell in Q3 of 2016
Exchange-Traded Products were the only area of growth IFM Correspondent November 10, 2016: Gold demand fell 10% in Q3 to 992.8 tonnes (t). Exchange-Traded Products were the only area of growth, with inflows of 145.6 tonnes. Bars, coins and jewellery remained very weak: year-to-date consumer demand was down 16%, according to the World Gold Council’s...
Brexit: Sterling appears more vulnerable than any other major currency
Its value in foreign exchange markets is reliant on purchase of UK financial assets by overseas investors Don Smith October 27, 2016: Despite a run of better than expected UK economic data since the Brexit vote – including 0.7% second-quarter expansion, beating estimates – financial markets are increasingly concerned about the outlook for the country’s...
Inflation in Venezuela is expected to touch 700%
Many citizens can no longer afford to feed themselves leading to protests Marcus Turner Jones September 23, 2016: Venezuela remains in crisis, facing the largest demonstrations that the country has ever seen. The scale of the crisis has caused President Nicolas Maduro to declare a ‘constitutional state of emergency’, with rival pro and anti-government activists...
Tokyo Commodity Exchange goes live on Nasdaq trading technology
The new system is now integrated with Japan Exchange Group's derivative trading....
Greenspan, gold, and the banality of evil
The former chairman of the US Fed is warning against an inevitable crisis resulting from the very policies he helped implement Stefan Gleason July 12, 2016: Under certain circumstances, seemingly decent human beings are capable of horrific things.So it is with former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into...
DP world launches Sukuk in LSE
Becomes the fourth Sukuk bond to have launched this year May 31, 2016: DP World on 27th May launched $1.2 billion Sukuk bond in London Stock Exchange (LSE). It now becomes the fourth Sukuk to be launched this year in LSE. This follows the first ever Sukuk from Islamic Corporation for the Development of the...