The News Review:
- Forex - US dollar mixed in Tokyo; fading rate cut hopes mildly…
- Forex - Pound dives as BoE warns of inflation hitting 4 percent
- Parmalat Q1 EBITDA misses expectations by wide margin on forex,…
- Action urged to cut risks in forex trade
- Russia c.bank says will intervene regularly on forex
Forex - US dollar mixed in Tokyo; fading rate cut hopes mildly…
Forbes - May 14, 2008
dollar was trading mixed against major currencies in Tokyo on Wednesday, with the greenback slightly supported by fading expectations of further interest rate cuts by the Federal Reserve. At 12:00: noon (0300 GMT) the dollar was at 104. 63 yen, compared to 104.
Forex - Pound dives as BoE warns of inflation hitting 4 percent
Forbes - May 14, 2008
93 for the first time since March after the Bank of England warned that headline inflation may swell to levels up to 4 percent by autumn. The central bank effectively put markets on warning for a period of stagflation — when growth slows but inflation remains elevated — as it also lowered its GDP growth projections substantially today.
Parmalat Q1 EBITDA misses expectations by wide margin on forex,…
Forbes - May 14, 2008
9 million euros because of currency effects, non-recurrent corporate and other costs, missing expectations by a wide margin. Net profit fell to 90. 2 million euros, from 110.
Action urged to cut risks in forex trade
Pakistan Dawn - May 14, 2008
com - DO NOT MODIFY ->. 8 trillion in daily foreign exchange settlements, 32 per cent or $1. 2 trillion were still settled by traditional correspondent banking and thereby subjected to a risk that a transacting party might renege on the payment, said the BIS. “The financial services industry has made significant progress in dealing with foreign exchange settlement risk.
Russia c.bank says will intervene regularly on forex
Khaleej Times - May 14, 2008
The bank said in a statement its intervention policy would now be guided by the situation in the local forex market, the country’s trade balance and the federal budget. Currently the central bank intervenes to keep the rouble stable against a basket made of 0.