SAO PAULO, May 28 (Reuters) - Brazil's central bank offered to buy US dollars in the spot foreign exchange market on Thursday, seeking to soak up a flood of ...
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Brazil offers to buy dollars in spot forex market
Source: www.reuters.com
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UK economy weak but improving
That would seem to sum up the prognosis for 2009-2010 from the Confederation of British Industries. Sterling is steady this morning at 1.6440 and .8515 against the USD and EUR...
Euro being hurt by increased worries over Eastern Europe
The euro is being hurt by increased worries over Eastern Europe. Reports in Handelsblatt that IMF is discussing aid programmes with at least 10 Eastern European governments. Countries applying for loans for the first time include Bulgaria, Croatia and Macedonia. Stops have been triggered in EUR/USD...
China putting reserves to work the old fashioned way
They’re buying stuff…In the 80s, the Japanese bought up real-estate like Rockefeller Center and Pebble Beach. In the 90s, the European snapped up telecom companies. Today, the Chinese are buying industrial companies, or pieces of them. The latest example if the politically-incorrect...
CORRECTED-(OFFICIAL)-Crown Forex bankrupt, others at risk-FINMA
(In May 29 story headlined "Swiss Crown Forex bankrupt, others may follow", corrects headline to add source and corrects first paragraph to source to the ... See all stories on this...
Brazil cuts rates by 100bps
In an unexpected move, Brazil has cut rates by 100bps to 9.25% with policymakers obviously still worried about the ongoing...