SEC’s Gensler calls for global talks on halving forex settlement time
LONDON (Reuters) – As the United States, Canada and Mexico in May halve the time it takes to settle stock trades, it would be worthwhile … Read more
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Japan’s top forex diplomat vigilant to market impact from BOJ stimulus exit
By Tetsushi Kajimoto, Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said he was closely watching how central bank … Read more
Bottler Coca-Cola HBC sticks to annual forecast amid forex headwinds
By Radhika Anilkumar (Reuters) -Coca-Cola HBC maintained its annual profit and sales forecasts on Tuesday as strong demand for the bottler’s energy and coffee drinks … Read more
China forex reserves fall to $3.115 trln in September
SHANGHAI (Reuters) – China’s foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other … Read more
BOJ data suggests there was no forex intervention on Tuesday
TOKYO (Reuters) -The Bank of Japan’s money market data showed on Wednesday that Japan likely did not intervene in the currency market a day earlier, … Read more
Japan will not rule out any options against forex volatility – PM Kishida
(Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday that his government will not rule out any options in addressing excessive volatility in the … Read more
Most Turkey depositors returned to forex after leaving lira scheme
By Ebru Tuncay and Can Sezer ISTANBUL (Reuters) – Turkish depositors mostly converted funds back to dollars last month when they withdrew from state depreciation-protected … Read more
China forex reserves rise to $3.204 trln in July
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in July, official data showed on Monday, as the dollar fell against other major … Read more
Russia to decrease daily forex sales in coming month
(Reuters) – Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 … Read more
Taiwan says will it keep talking to US on forex policies
TAIPEI (Reuters) – Taiwan’s central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them … Read more
Japan govt says volatile forex market ‘undesirable’
TOKYO (Reuters) – Japan’s top government spokesperson said on Thursday that volatile moves in the currency markets were undesirable and that authorities were closely watching … Read more
Pakistan central bank’s forex reserves fall $102 million to $4.09 billion in week ended May 26
KARACHI, Pakistan (Reuters) – Pakistan’s central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt payments during the week ended … Read more
ECB zeroes in on struggling borrowers and forex as times get tougher
FRANKFURT (Reuters) – The European Central Bank on Wednesday told banks to step up how they manage struggling borrowers and their own currency trading in … Read more
China forex reserves rise to $3.205 trln in April
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major … Read more
US, South Korean leaders pledge to cooperate on forex market stability
(Reuters) – U.S. President Joe Biden and South Korean President Yoon Suk Yeol upgraded their commitment to cooperate on maintaining stability in foreign exchange markets … Read more
India’s forex reserves rise for second week, hit over 9-month high
MUMBAI (Reuters) – India’s foreign exchange reserves rose for a second week to hit an over nine-month high of $586.41 billion for the week ended … Read more
India’s forex reserves jump to 9-month high
MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank … Read more
Turkey’s cenbank urges banks to avoid creating forex demand, bankers say
By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign … Read more
China forex reserves rise to $3.18 trln in March
BEIJING (Reuters) – China’s foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies. The country’s … Read more
Corebridge posts smaller-than-feared profit drop on strong investment income
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more … Read more
CEO Of Cryptocurrency And Forex Trading Platform Pleads Guilty To Over $240 Million Scheme To Defraud Investors
Damian Williams, the United States Attorney for the Southern District of New York, announced today the guilty plea of EDDY ALEXANDRE, the leader of a … Read more
Swiss National Bank steps up forex sales during Q3
ZURICH (Reuters) – The Swiss National Bank increased its forex sales to 739 million Swiss francs ($799.35 million) during the third quarter of 2022, the … Read more
Turkish watchdog cuts banks’ forex to capital ratio limit
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according … Read more
Lebanon central bank to use forex rate of 15,000 pounds per dollar as of Feb 1
BEIRUT (Reuters) -Lebanon’s central bank will adopt an exchange rate of 15,000 Lebanese pounds per U.S. dollar as of Feb. 1 as part of a … Read more
Russian firms cut forex loans, exposure in Oct -central bank
MOSCOW (Reuters) – Russian companies reduced their foreign currency loans by $7.4 billion last month and have also cut forex holdings on the accounts by … Read more
Bristol Myers Q3 sales fall on Revlimid, forex pressure
(Reuters) – Drugmaker Bristol Myers Squibb said on Tuesday its third-quarter sales fell from last year as generic competition ate into sales of its blockbuster … Read more
MOF’s Suzuki: Japan will act resolutely on forex volatility – Kyodo
TOKYO (Reuters) – There are no changes to Japan’s position that it will act resolutely in case of volatility in the currency market, the Kyodo … Read more
Hong Kong forex reserves at $419.2 billion at end-Sept – HKMA
Oct 7 (Reuters) – Hong Kong’s official foreign currency reserve assets stood at $419.2 billion at end-September, the Hong Kong Monetary Authority said on Friday, … Read more
Indonesia’s forex reserves drop to $130.8 billion at end-September
JAKARTA (Reuters) – Indonesia’s foreign exchange reserves fell by $1.4 bln last month to $130.8 bln due to payments of foreign debt and the central … Read more
China forex reserves fall to $3.029 trln in Sept
SHANGHAI (Reuters) -China’s foreign exchange reserves fell in September, official data showed on Friday, as the dollar climbed against other major currencies. The country’s foreign … Read more
China forex regulator warns against illegal money outflows
BEIJING (Reuters) – China’s foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex … Read more
U.S. Treasury acknowledges Bank of Japan forex intervention
WASHINGTON (Reuters) – The U.S. Treasury on Thursday acknowledged the Bank of Japan’s intervention in the foreign exchange, but stopped short of endorsing the move. … Read more
India’s overall forex reserves to shrink further this year – Deutsche Bank
MUMBAI (Reuters) – India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central … Read more
China will keep forex market steady in H2 – forex regulator
BEIJING – China will keep its foreign exchange markets steady in the second half of this year and will safeguard the country’s economic and financial … Read more
Bhutan considering steps to avoid fallout of falling forex reserves -minister
By Gopal Sharma and Manoj Kumar KATHMANDU/NEW DELHI – Bhutan is considering several steps to contain adverse impacts on the economy following a fall in … Read more
Yellen sees some use for forex intervention, but not for competitive advantage
NUSA DUA, Indonesia – Emerging markets and low-income countries may benefit in some cases from capital flow management and foreign exchange intervention, but should not … Read more
Russia softens capital controls to allow companies to transfer forex overseas
(Reuters) – Russia on Tuesday said export-focused companies can transfer foreign currency to accounts overseas under certain conditions in a move aimed at helping to … Read more
China offers more forex hedging tools in wake of yuan volatility
SHANGHAI -China’s foreign exchange regulator said on Friday it would offer new derivatives tools to help companies better hedge their currency risks, after recent huge … Read more
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office … Read more
Jury Finds Sarasota Man Guilty Of Running $80 Million “Oasis” Forex Ponzi Scheme
Tampa, Florida –United States Attorney Roger B. Handberg announces that following a 13-day trial, a federal jury has found Michael J. DaCorta (57, Sarasota) guilty … Read more
Russian central bank chief says looking at adjusting forex controls
(Reuters) – Russia is looking at adjustments to its forex controls to avoid situations where the rouble exchange deviates on a shadow market from official … Read more
Ukraine’s gold and forex reserves stand at $29 billion, says official
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the … Read more
Russia’s Sberbank says sanctions limiting some forex transfers in Russia and abroad
– Russia’s largest lender Sberbank on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies … Read more
Brazil unveils plan to cut taxes on forex transactions by 2029
BRASILIA – Brazil’s government published a decree on Tuesday to phase out taxes on financial operations using foreign exchange, known as IOF taxes, as part … Read more
Russia to use yuan from its forex reserves, finance minister says
– Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow’s access to the U.S. dollars and euros in the … Read more
Russia to pay external debt in roubles if forex accounts remain blocked, TASS says
– Russia will service its external obligations in roubles if foreign exchange accounts of the central bank and the government remain blocked by the western … Read more
Russian finance ministry halts forex, gold purchases for 2022
MOSCOW – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a … Read more
Russia imposes 30% commission on forex purchases by individuals – brokers
MOSCOW – Russia’s central bank has imposed a 30% commission on foreign currency purchases by individuals on currency exchanges, brokers told Reuters, citing a letter … Read more
Putin bans forex transfers to outside Russia from March 1
MOSCOW – Russian President Vladimir Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of Russia from March 1, … Read more
Russian central bank increases daily limit on euro-rouble forex swaps to 3.5 billion euros
MOSCOW – The Russian central bank increased the daily limit for its foreign exchange swap operations in euros to 3.5 billion euros from 2 billion … Read more