FOReign EXchange

Daily Times - This project is worth Rs 49.120 billion with a foreign exchange component (FEC) of Rs 13.332 billion. The second project is the establishment of a UEST in collaboration Germany (worth Rs51.024 billion with FEC of Rs16.916 billion). Two other

The 50 most influential Americans in Britain
Daily Telegraph - Trashing the greenback has now spread beyond foreign exchange dealing floors, with Brazilian supermodel Gisele recently stating her preference to be paid in currencies whose value is rising. Despite an ailing dollar, Americans still wield plenty of

Singapore's Straits Times Index Rebounds From Three-Month Low
Bloomberg - SembCorp fell this week after it said it received demand for currency-trade claims following a $303 million foreign exchange loss at the company. ``This is a rebound from the declines we've seen lately,'' said Ang Soo Kee, a Singapore

Investing: Can Boeing continue to ride the wind?
International Herald Tribune - It is down about 30 percent over the last two years, although foreign-exchange movements mean that the euro-denominated shares would be worth roughly the same number of dollars today. Boeing is up about 27 percent during the same period, but it had

Dollar Rebounds From Thrashing
Street.Com - It is difficult to find much rhyme or reason in today's wild price action in the foreign exchange market. I am inclined to dismiss it as a fluke recorded without much participation. However, it may provide a good opportunity to sum-up our outlook

Colombia's Peso Falls Before Bank's Decision on Interest Rates
Bloomberg - The peso weakened 0.3 percent to 2,087 per dollar at 12:07 p.m. in New York, according to the Colombian foreign- exchange electronic transactions system, known as SET-FX. The currency has dropped almost 4 percent against the dollar this

Pakistan’s borrowing from IDB to cross $600m
Daily Times - Payment to oil suppliers is made directly by the IDB. The repayment of principle and the mark-up amount is made by the SBP after maturity. Repayment instructions to the SBP are issued by the EAD. Moreover, foreign exchange fluctuation is also picked

IMPACT Announces Operating Earnings of $358,000
Market Wire - After recording foreign exchange adjustments of $394,086 and a stock-based compensation expense of $140,986, the Company incurred a small loss for the year to date of $68,344 compared to a profit of $242,404 for 2006. The loss for the quarter was

PFC to set up Rs 200 cr SPV in Mauritius
Hindustan Times - The RBI, which has foreign exchange reserves of Rs 27,100 crore (as per RBI data), is planning to invest Rs 200 crore in the Indian power generation and utility sector, the official said. "The SPV is being launched at the behest of the Prime

Four New Ways to Invest in Foreign REITs
Street.Com - After a long period without any new exchange-traded funds, Barclays ( BCS - Cramer's Take - Stockpickr ) seems to be back in the game. Earlier this month, it listed a bunch of exchange-traded notes that track commodities, and now it's coming back to

Brutal Currency Moves Not Welcome: Trichet
CNBC - European Central Bank President Jean-Claude Trichet on Friday repeated that he did not welcome "brutal" currency movements and markets should recognize the improved strength of the Japanese economy. Japanese authorities say foreign exchange rates

Brazil central bank holds auction to buy dollars
Reuters - SAO PAULO, Nov 22 (Reuters) - Brazil's central bank said on Thursday it would hold an auction to buy dollars on the spot foreign exchange market as part of an ongoing effort to boost international reserves. The Brazilian real was 0.06 percent

Media Advisory - U.S. Retailers Brace for the Holiday Season, says
Forbes - CHICAGO, Nov. 23 /PRNewswire-FirstCall/ - Andrew Busch, Global Foreign Exchange Strategist, BMO Capital Markets, is available to discuss the outlook for the: - U.S. holiday season: Consumer Spending and Retail Sales - U.S. housing market, facing

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CNBC - Macy's, Toys "R" Us and others with locations in big cities also enjoyed increased business from foreign shoppers reveling in exchange rates that made discounts even deeper. Melissa O'Brien, spokeswoman at Wal-Mart Stores Inc., which offered such

Amazon.com Announces Editors' Picks for Hot Holiday Gifts
Forbes - potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates

Yuan rises past 7.40 against US dollar
South China Morning Post - The yuan yesterday rose as high as 7.3912 to the dollar after the Chinese Foreign Exchange Trading System set the mid-price at 7.3992 when the market opened. The mainland's currency closed at 7.406, or 0.11 per cent higher than the previous finish

Dollar will yield global status only grudgingly
San Diego Union-Tribune - Global foreign exchange reserves have exploded recently and at the end of the second quarter stood at $5.7 trillion, the latest International Monetary Fund data on reserves show. That's almost triple the $2 trillion total at the end of 2001, just

Argentine stocks flat as investors eye US economy
Reuters - In the foreign exchange market, the peso currency weakened as investors seeking refuge from falling bond prices bought U.S. dollars. In formal interbank trade the peso shed 0.16 percent to close at 3.1425/3.145 per dollar . In informal

India's forex reserves at $271.148 bn on Nov 16
Economic Times - MUMBAI: India's foreign exchange reserves rose to a record $271.148 billion on November 16, from $270.181 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Friday. Analysts said a part of the increase in

Underground banking flows across porous border
South China Morning Post - Shenzhen-based foreign bankers attributed the underground boom to the mainland's capital account restrictions, which clogged up the real foreign exchange demand. "We had customers asking us to do a two million yuan remittance into Hong Kong in a week

Yuan rises to post-2005 high against U.S. dollar
International Herald Tribune - add to the argument for sustained and substantial yuan appreciation." The currency advanced 0.18 percent, the biggest gain in two weeks, to 7.4010 against the dollar in Shanghai, from 7.4257 a week ago, according to the China Foreign Exchange Trade

Weak dollar adds to upward pressure on crude
Marketwatch - story [of the oil price rise] is demand from emerging markets -- in particular, China -- but in recent months, the dollar has depreciated sharply," which has in turn pushed up crude to all-time highs, said David Powell, senior foreign exchange