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...South Korea announced measures in February including extending forex trading into London hours, scrapping complex registration requirements for foreign equity investors and opening up its onshore currency...
...added to investor confidence....
...During trading on Wednesday morning, the yen dropped to a low of ¥151.93 against the dollar as investors defied two days of intensifying warnings from officials....
...had argued in court filings that the trades were all lawful, consisting of “legitimate transactions made on the open market”, and that the alleged victims were sophisticated financial institutions and investors...
...Investors said Iran’s weekend attack on Israel added to anxiety that equity markets had rallied too far, too fast this year....
...“But if it turns into a broader war with Dangote, that could be damaging” for investor sentiment, he said. Tinubu’s government has sought to shift to a free-floating forex regime....
...“This news has gone around the world and many, including would-be investors, would be taken aback,” the lobby said....
...plan to refinance at least part of the debt in the markets will help allay uncertainty over Kenya’s ability to repay the bond, after a sharp drop in the Kenyan shilling against the US dollar, stretched forex...
...Consumer groups that invested heavily in the country have been left particularly exposed with the forex crunch hitting groups including Unilever, GSK and PZ Cussons as well as domestic champions such as...
...China Evergrande topped the list with a net forex loss of Rmb4.14bn, or 12.5 per cent of the Rmb33bn net loss for the first six months....
...A former financier who defrauded investors, promising them “remarkable returns”, was convicted on Monday of masterminding a £70mn Ponzi-style scheme....
...But ignore the forex markets, or get them badly wrong, and the effects can be painful....
...Kara said he expected that unwinding the use of forex protected savings accounts would be a “gradual process”....
...UK-based GSK owns 46.4 per cent of GSK Nigeria with the rest held by local investors. Shares in the Nigerian-listed entity closed at N8.10 ($0.01)....
...Diamond-handed sovereign forex reserves and liability-matching pensions? Or mutual funds and/or hedgies who might prefer to trade actively across markets?...
...This will mark the most dramatic change in the country’s forex market since the Asian financial crisis of the late 1990s, which prompted the country to shift to a free-floating forex system from one that...
...The yen touched a 34-year weak point on Wednesday, prompting Japanese officials to threaten forex intervention and hold an emergency meeting....
...In a note published today, Deutsche Bank’s global head of forex research has turned both barrels on the yen....
...Francesco Pesole, forex strategist at ING, said the language “essentially suggests that the ECB may have hit the peak of the tightening cycle”....
...Forex analysts said the Japanese government might be resigned to the idea that ¥152-¥153 is a fair level against the dollar....
...Second, it’s increasingly hard to fault a global investor for skipping a China allocation altogether; the unquantifiable political risks are daunting. Still, US investors can’t escape China’s impact....
...This has bumped up the cost of crucial imports and helped to stoke inflation, while investors have yet to be persuaded by the reforms....
...Were these risks made clear to prospective investors?...
...At the same time foreign investors have been selling Chinese equities....
...Deutsche denies wrongdoing in the Palladium case, arguing its client was a “sophisticated investor with extensive experience of using derivatives”....
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