| 单词 | foreign exchange |
| 例句 | “Trying to pretend he's a foreign exchange student living in our house, like he always is.” Starfish 2017-09-26T00:00:00Z “These are María’s very good friends. They met two summers ago when María did a high school foreign exchange program in Berlin. That girl has tremendous ambitions. All three of them.” Marcus Vega Doesn't Speak Spanish 2018-08-21T00:00:00Z I thought the soldiers would be against such black-market foreign exchange, but they didn’t seem to care. A Long Way Gone: Memoirs of a Boy Soldier 2007-02-13T00:00:00Z The old central bank in the capital Sanaa used Yemen's dwindling foreign exchange reserves to guarantee shipments into a country which imports 90 percent of its food. Yemen central bank crisis raises new famine fears 2016-10-04T04:00:00Z Or, to put it another way: Democrats and Republicans are essentially foreign exchange students in one another’s homelands. When even Frosted Flakes are political, where does that leave us as a country? 2016-12-12T05:00:00Z Higher programming costs, including CBS' pricey contract for NFL football on Thursday night, and unfavorable foreign exchange rates put a drag on profit. CBS' third-quarter profit boosted by billboard spinoff 2014-11-05T05:00:00Z Viewers were introduced to Rebecca, a Taiwanese foreign exchange student that Willie’s family either technically or emotionally adopted 10 years ago. Duck Dynasty Premiere Recap: In Which They Tackle Tough Topics Like Emojis and Air Bud 2014-01-16T16:06:19Z Fluctuations in foreign exchange rates were the leading cause of headaches for luxury brands this year. Luxury Isn’t Having a Very Good Year 2016-10-20T04:00:00Z On stately King Street, I found the site of Beekman and Cruger’s office, where Hamilton, laboring diligently as a young clerk, absorbed the principles of international trade, credit and foreign exchange. The West Indian Island That Shaped Alexander Hamilton 2017-05-03T04:00:00Z Elsewhere in the foreign exchange market, the euro was steady at $1.1162. Dollar treads water near three-and-a-half week high, backed by... 2019-05-21T04:00:00Z “Just by visiting the injection of foreign exchange in the economy is going to help,” said Hugh Riley, the secretary general of the Caribbean Tourism Organization. How Travelers Can Help Hurricane-Damaged Islands 2018-04-03T04:00:00Z And now that Doctor Who has returned, Heroes is like the forgotten foreign exchange student they keep in the shed. I've finally lost track of Heroes ? but then, so has the BBC 2010-04-30T11:42:00Z And that’s before you get to some of the film’s more dubious particulars, like filming a foreign exchange student naked without her knowledge and broadcasting it via webcam to the entire class. American Pie at 20: why the raucous comedy could never be made today 2019-07-09T04:00:00Z Concerned that I might get hit with a foreign exchange fee, I checked my cardmember agreement. Perspective | Credit card benefits for travelers are vanishing. Here’s what to do about it. 2020-01-29T05:00:00Z Get a credit card that doesn’t charge a foreign exchange fee. Five money saving tips for exchanging currency 2014-07-17T04:00:00Z My daughter, with a kind heart, donated her copy to a foreign exchange student from Brazil. Pottermore: your experiences 2011-08-16T14:51:48Z As a foreign exchange earner and attractor for investment, it is also hugely important. Can Middle East tourism ever recover? 2015-11-24T05:00:00Z Additionally, I have two foreign exchange students living with me who have never celebrated Halloween before and seem excited about it. Perspective | Carolyn Hax: How to not get dressed down at Halloween 2020-10-22T04:00:00Z Tea, horticulture and remittances from Kenyans living abroad are the other main sources of foreign exchange. Kenya to restructure national carrier in a month: tourism minister 2016-10-12T04:00:00Z The groom’s father is a principal in foreign exchange at Bank of America in Toronto. Katherine Duceman, Bryan Plummer 2018-12-30T05:00:00Z Without the impact of foreign exchange rates, ad revenue would have been up 78%. Twitter Stock Plunges After Reporting Weak Earnings 2015-04-28T04:00:00Z Even after adding the 3 percent foreign exchange fee typically charged by major American card issuers, it was still more expensive to use a Travelex Chip and PIN card. Practical Traveler: How to Avoid Credit Card Problems Abroad 2011-06-08T14:49:15Z As with credit cards, make sure your bank doesn’t charge foreign exchange fees if you plan to use a debit card. Five money saving tips for exchanging currency 2014-07-17T04:00:00Z The foreign exchange rate, due to the stronger dollar, was a drag on earnings. Viacom to launch video streaming service for children, plans cost cuts 2015-01-29T05:00:00Z We were never sure where he was from — just that he landed in a Wisconsin town as a foreign exchange student who struggled with English. ’90s Sitcoms Shaped Me as an Immigrant Child. What if They Hadn’t? 2021-10-21T04:00:00Z When the school hosted a foreign exchange program my junior year, it was with a group of kids from Denmark — the only place on earth actually whiter than Vestavia Hills. My one black friend 2012-07-04T16:00:00Z British Prime Minister David Cameron discusses topics that include violence in Afghanistan and the upcoming summer Olympics; protecting teens in high school foreign exchange student programs; actress Amy Poehler talks about Upright Citizens Brigade. Wednesday TV Picks: The new 'Restaurant Stakeout' on Food 2012-03-13T20:35:04Z “So, it is a process that began even before hyperinflation and has more to do with the gradual disappearance of the foreign exchange subsidy,” he added. Music stars return to Venezuela after skipping it for years 2022-04-04T04:00:00Z At the long table beside me, there was a group that I imagined were foreign exchange students on vacation. Mexico’s Last Countercultural Coast 2020-02-03T05:00:00Z On foreign exchange markets, the euro fell more than one percent versus the dollar and yen as investors cut exposure to the common currency. Greek referendum ignites German anger 2011-11-01T10:40:00Z A favorable foreign exchange is just one incentive for many current travelers. How to Get the Most Bang for Your Buck 2022-06-14T04:00:00Z Dorfman is the founder and chairman of Travelex, a business he built up from a small shop in central London 34 years ago into what is now the world's largest foreign exchange specialist. National Theatre's Cottesloe venue to be renamed after ?10m donor Lloyd Dorfman 2010-10-28T12:30:00Z Last month regulators fined six major banks a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market. Only 13 percent of financial firms' top executives are women: study 2014-12-04T05:00:00Z Asked about the possibility of dollar-selling, yen-buying intervention in the foreign exchange market by authorities, Tamaki said a market foray may have psychological impacts but it would not change underlying structural issues. Japan ex-currency tsar sees structural factors behind yen weakness 2023-11-15T05:00:00Z In foreign exchange trade, the dollar suffered its heaviest selling in 12 months, with the sharpest losses against risk-sensitive currencies such as the Australian dollar. Stocks surge, dollar slumps as traders cheer inflation surprise 2023-11-15T05:00:00Z Food, transport and commodity prices in Nigeria have been forced higher by a fall in the naira - which has caused a spike in foreign exchange rates and driven up inflation. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z Income from investments in subsidiaries, interest revenue and foreign exchange gains quadrupled during the quarter, the company said. Foxconn books surprise quarterly profit rise, has conservative outlook for 2024 2023-11-14T05:00:00Z The local monthly minimum wage is 132,000 pesos, $377 at the official exchange rate but half that at real street rates due to capital controls - restrictions on foreign exchange transactions. 'Can't buy new jeans': Argentina inflation hits 143% as shoppers tighten belts 2023-11-13T05:00:00Z If Citadel Securities were to obtain a licence, it would be the first foreign firm to formally foray into market-making in China outside interbank and foreign exchange market making. Citadel Securities explores China licence as Beijing steps up market-making program 2023-11-13T05:00:00Z Market reaction was muted to news announced shortly before foreign exchange trading closed in New York on Friday that Moody's lowered its outlook for the U.S. credit rating to "negative". Yen hits fresh one-year low as focus swings to US inflation data 2023-11-13T05:00:00Z Once there is a shortage of foreign exchange, people have to turn to alternative sources, such as the black market. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z Elsewhere, market reaction was muted to news announced shortly before foreign exchange trading closed in New York on Friday that Moody's lowered its outlook for the U.S. credit rating to "negative". Dollar firm ahead of US inflation data; yen hovers near one-year low 2023-11-13T05:00:00Z Treasury's semi-annual currency report chided China over a lack of transparency in its foreign exchange intervention practices. US Treasury's Yellen, Chinese Vice Premier He to meet ahead of APEC summit 2023-11-09T05:00:00Z A winning streak for gamblers in September and October cost 50 million pounds with adverse foreign exchange movements adding a further 30 million pound hit. Flutter lowers full year earnings forecast, shares tumble 2023-11-09T05:00:00Z At the time, the government of Argentina, which is in dire financial straits marked by scarcity of foreign exchange reserves, pledged an immediate appeal. Argentine oil company YPF swings to loss amid dampened fuel prices 2023-11-09T05:00:00Z Nigeria's central bank announced it would inject $10bn worth of foreign exchange into the market, mainly sourced from crude oil sales and foreign investments. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z Treasury official said that Vietnam does not appear to be "slipping" in its foreign exchange practices nor in its engagement with U.S. authorities on currency issues. US finds no major trade partners manipulated currencies 2023-11-07T05:00:00Z They affect foreign exchange movements since the markets are the major avenue for the supply of money. Exclusive: China's clashing priorities behind rare money market distress 2023-11-07T05:00:00Z In foreign exchange markets the slightly stronger dollar pushed the Japanese yen back to the weak side of 150 to the dollar, and it hovered at 150.1 in the Asia morning. Asia stocks snap winning streak, await RBA 2023-11-07T05:00:00Z On Thursday, the company said that sales in China had dipped by 2.5%, although Mr Cook said that after accounting for foreign exchange rates its business there had grown year on year. Apple sales dip again despite iPhone boost 2023-11-02T04:00:00Z This will be used to pay foreign exchange debts that were previously impossible to settle because of limits on how much foreign exchange could be used. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z The official said China remains on the monitoring list due to lack of transparency for its foreign exchange practices, including on the methods and manner of interventions in its yuan currency. US finds no major trade partners manipulated currencies 2023-11-07T05:00:00Z Apple's Cook said that after accounting for foreign exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue. Apple holiday forecast misses expectations, shares sink 2023-11-02T04:00:00Z In foreign exchange, the U.S. dollar was broadly lower on the perception that U.S. rate had peaked, raising risk appetite. Stocks jump, dollar falls; investors bet Fed may be done hiking rates 2023-11-02T04:00:00Z Fund managers use counterparties such as banks to trade foreign exchange or hedge currency risks. Global fund managers sharpen bank scrutiny following crisis -survey 2023-11-01T04:00:00Z Of course, you might think oil producing countries like Nigeria and Angola would have vast amounts of money and foreign exchange since oil is sold in US dollars. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z Treasury on Tuesday said no major trading partners appeared to be manipulating their currencies, but it put Vietnam back onto a foreign exchange "monitoring list," while removing Switzerland and South Korea from the same scrutiny. US finds no major trade partners manipulated currencies 2023-11-07T05:00:00Z It lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favourable effects from foreign exchange rates. Toyota rides weak yen, demand for hybrids to post blowout profit 2023-11-01T04:00:00Z Toyota lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favourable effects from foreign exchange rates. Toyota more than doubles quarterly profit, raises annual forecast 2023-11-01T04:00:00Z Huttman said that many companies may prioritize factors like prices when selecting foreign exchange counterparties but the recent banking crisis shows that "the likelihood of settlement are equally important." Global fund managers sharpen bank scrutiny following crisis -survey 2023-11-01T04:00:00Z The increase was mainly due to improved volumes and consistent pricing power but was partially offset by foreign exchange rates, the company said in a statement. Stellantis says it is least affected by North America strikes among Detroit Three 2023-10-31T04:00:00Z The country entered the war with foreign exchange reserves of some $200 billion. Israel’s economy recovered from previous wars with Hamas, but this one might go longer, hit harder 2023-10-30T04:00:00Z The country is struggling with more than 100% inflation, scarce foreign exchange reserves, and rising poverty. Argentina urges US judge to put $16.1 billion YPF judgment on hold 2023-10-27T04:00:00Z In the financial markets trading division, income fell 8% as reduced market volatility curbed client appetite for trading in products related to interest rates, commodities and foreign exchange. StanChart profit slumps on China real estate and banking losses 2023-10-26T04:00:00Z Any incoming government will have to resuscitate an economy facing triple-digit inflation, negative net foreign exchange reserves, and a sliding currency. Explainer: Argentina presidential election: Key takeaways from first-round vote 2023-10-23T04:00:00Z The country will keep yuan stable, prevent the risk of abnormal fluctuations in cross-border fund flows and maintain the stability in the foreign exchange market, Pan said. China to bolster economic recovery and curb risks, central bank head says 2023-10-21T04:00:00Z "The range of prices is enormous with lots of fear about the government's drive to stop illegal operations and the closure of many exchange houses," a foreign exchange trader said on condition of anonymity. Argentina gov't moves to calm FX market, pledges no post-election devaluation 2023-10-19T04:00:00Z An incoming government will have to resuscitate an economy facing triple-digit inflation, negative net foreign exchange reserves, and a currency that has lost 44% of its value since the August primaries. Argentina election 2023: what you need to know 2023-10-16T04:00:00Z The IMF sees foreign exchange intervention as justified only when there is a severe dysfunction in the market, a heightening of financial stability risks, or a de-anchoring of inflation expectations, Panth said. IMF sees recent yen falls as reflecting fundamentals 2023-10-14T04:00:00Z New investments by existing mainland clients are also to be "strictly monitored" to prevent investors from bypassing China's foreign exchange controls, said the notice. China bans new offshore brokerage accounts in capital control move 2023-10-12T04:00:00Z New investments by existing mainland clients are also to be "strictly monitored" to prevent investors bypassing China's foreign exchange controls, the notice said. Exclusive: Mainland Chinese banned from opening new offshore trading accounts with local brokers 2023-10-12T04:00:00Z It is "a very stringent law and allows for criminal cases to be filed, unlike regular foreign exchange violations which are majorly considered civil offenses," according to Atul Pandey, Senior Partner at legal firm Khaitan. India arrests Chinese employee of smartphone maker Vivo 2023-10-11T04:00:00Z Stringent capital controls mean that access to the official foreign exchange market, which currently prices a dollar at 367 pesos, is extremely limited, so parallel rates have flourished. Argentina’s populist presidential candidate Javier Milei faces criticism as the peso takes a dive 2023-10-10T04:00:00Z Early Monday, Israel’s Central Bank said it will sell up to $30 billion in foreign exchange to prop up the shekel, which fell near an 8-year low early Monday. Stock market today: World markets are mostly lower after Israel strikes back at Hamas attack 2023-10-09T04:00:00Z The country's foreign exchange reserves fell more than expected in September, official data showed on Saturday. Dollar, yen gain on flight to safety as Hamas attack rattles nerves 2023-10-09T04:00:00Z While the foreign exchange market is closed on Sundays, the shekel is already at its weakest level of the year due to a highly contested government plan to overhaul the judiciary. Israel markets sink, businesses shut after Hamas attack 2023-10-08T04:00:00Z China's foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other major currencies. The Buenos Aires barber's books: a history of 19,900% inflation 2023-10-07T04:00:00Z China's foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other major currencies. Adviser to Iran's Supreme Leader expresses support for Palestinian attacks -Iranian media 2023-10-07T04:00:00Z China's foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other major currencies. World reacts to surprise attack by Hamas on Israel 2023-10-07T04:00:00Z A batch of data from Japan includes household spending and consumption figures, leading indicators, and the latest foreign exchange reserves. Morning Bid: One more firework in fiery start to Q4 2023-10-05T04:00:00Z In the last six months, Sri Lanka has seen inflation drop to just 1.3% in September, its currency appreciate by about 12% and foreign exchange reserves improve. Sri Lanka resumes rate cuts to boost growth as inflation ebbs 2023-10-05T04:00:00Z In the last six months, Sri Lanka has seen runaway inflation drop to just 1.3% in September, its currency appreciate by about 12% and foreign exchange reserves improve. Sri Lanka resumes rate cuts to boost growth as inflation cools 2023-10-05T04:00:00Z Adam Cole, the chief currency strategist at RBC, says he is biased toward a stronger dollar but admits the prevailing foreign exchange view in markets remains a tough nut to crack. Undeterred by dollar's renewed strength, analysts see weakness ahead: Reuters poll 2023-10-05T04:00:00Z Taiwan's central bank will intervene in the foreign exchange market if there are "extreme" fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday. Asia stocks slump as bond selloff spooks markets 2023-10-04T04:00:00Z Treasury Department in June kept Taiwan on a monitoring list for close attention to foreign exchange and economic policies. Taiwan c.bank flags forex intervention if 'extreme' fluctuations 2023-10-04T04:00:00Z Taiwan's central bank will intervene in the foreign exchange market if there are "extreme" fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday. Japan warns it will take 'appropriate' steps on excessive yen falls 2023-10-04T04:00:00Z A senior Japanese ministry of finance official declined to comment on whether Japan had intervened in foreign exchange markets. Yen strengthens sharply against dollar, triggers confusion over intervention 2023-10-03T04:00:00Z The foreign exchange market showed little reaction to Suzuki's comments, although traders have been on watch for action by the Japanese authorities with the yen near levels that prompted intervention a year ago. Japan finance minister says volatility, not yen levels, key on intervention 2023-10-03T04:00:00Z In the foreign exchange market, the focus remains on the Japanese yen as the currency inches closer to the 150 per dollar mark - a level traders have speculated could lead to intervention from the authorities. Asian stocks slip on rate worries, yen in focus 2023-10-03T04:00:00Z Taiwan's central bank will intervene in the foreign exchange market if there are "extreme" fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday. Taiwan c.bank flags forex intervention if 'extreme' fluctuations 2023-10-04T04:00:00Z Bond and foreign exchange trade remains driven by an anticipation of U.S. interest rates staying high and selling of the yen and Japanese bonds on Monday drew a response. New quarter, same struggles for stocks, bonds and yen 2023-10-02T04:00:00Z Bond and foreign exchange trade remains driven by an anticipation of U.S. interest rates staying high and selling in Japanese bonds on Monday drew a central bank response. Europe's stocks eke out gains, yen lurks near 150 2023-10-02T04:00:00Z Bond and foreign exchange trade remain driven by an anticipation of U.S. interest rates staying high and selling in Japanese bonds on Monday drew a central bank response. Stocks make meandering start to quarter; yen hits near 1-year low 2023-10-02T04:00:00Z That, along with steady on-board spending from customers, has helped Carnival soften the blow from steeper oil costs and the impact of unfavorable foreign exchange rates. Carnival trims annual loss forecast on high demand, ticket prices 2023-09-29T04:00:00Z Cuba says U.S. sanctions are largely to blame for the crisis, depriving the country of foreign exchange to import most of its fuel, food and other supplies. Cuba warns of worsening blackouts as fuel crisis bites 2023-09-28T04:00:00Z In the last six months Sri Lanka has seen its runaway inflation drop to 1.3% in September, its currency appreciate by about 12% and foreign exchange reserves improve. New IMF funds for Sri Lanka may face delay after review sees revenue shortfall 2023-09-27T04:00:00Z "It's important for currencies to move stably reflecting fundamentals," Kishida said in his rare remarks on the foreign exchange market. Japan to compile economic package to ease inflation pain 2023-09-25T04:00:00Z The company expects a further A$50 million impact due to non-fuel-related foreign exchange changes in the first half of the current fiscal year. Australia's Qantas flags hit from higher fuel prices 2023-09-24T04:00:00Z Elsewhere in foreign exchange markets the expectation of sticky U.S. interest rates has supported the dollar, which reached a six-month peak on the euro overnight at $1.0671 . Asia stocks at 10-month low as traders brace for BOJ 2023-09-22T04:00:00Z "The coming home of earnings retained abroad has been a big help for the won," a government official in charge of foreign exchange market said, asking not to be named due to internal policy. As Samsung and Hyundai repatriate more earnings, weak won gets some reprieve 2023-09-21T04:00:00Z Ukraine’s grain exports provide a vital source of foreign exchange and are also important for global food markets, particularly for countries in Africa and the Middle East that are facing hunger. First Cargo Ships Arrive in Ukraine Since Russia Ended a Grain Deal 2023-09-17T04:00:00Z Access to the official foreign exchange market is severely limited so parallel rates have flourished. Tucker Carlson erupts into Argentina’s presidential campaign with Javier Milei interview 2023-09-15T04:00:00Z Sobel said the country will require sweeping fiscal consolidation, a halt on reserve money creation, and an extensive and sequenced liberalisation of multiple foreign exchange rates, capital controls and other restrictions. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z In foreign exchange markets, the dollar was slightly sold, and the Australian dollar was boosted by a surge in employment in August. Europe waits on knife-edge ECB decision 2023-09-14T04:00:00Z In August, the country's foreign exchange reserves dropped to the lowest level in nine months to $418.30 billion as authorities intervened to support the won. As Samsung and Hyundai repatriate more earnings, weak won gets some reprieve 2023-09-21T04:00:00Z "We were not getting customers. Ninety percent were going to black market dealers, cutting our supply of foreign exchange," Bostan explained. Pakistan's military helps stifle currency black market to stabilise rupee 2023-09-14T04:00:00Z Earlier this month, it announced it would increase the supply of dollars by lowering the amount of foreign exchange that banks must set aside. China asks big banks to stagger and adjust dollar purchases - sources 2023-09-14T04:00:00Z Stringent capital controls in Argentina mean that access to the official foreign exchange market is extremely limited, so parallel rates have flourished. Paintings on pesos illustrate Argentina’s currency and inflation woes 2023-09-13T04:00:00Z Elsewhere in foreign exchange markets the Australian dollar was boosted by a surge in employment in August and it rose about 0.4% to $0.6440. Asian stocks climb as traders shrug off inflation surprise 2023-09-14T04:00:00Z Singapore's Olam Group on Monday denied reports by the Nigerian media last week, alleging that its units in the African country were involved in a multi-billion dollar foreign exchange fraud. Unrelenting rain causes more than 100 landslides, traps residents in floodwaters in southern China 2023-09-12T04:00:00Z The prospect of a radically different - that is, far more hawkish - monetary policy stance in the world's third largest economy has reverberations far beyond Japan's domestic markets, especially in foreign exchange. Morning Bid: Japan waves ripple far and wide 2023-09-11T04:00:00Z India may reconsider allowing local firms to list on foreign exchanges, Finance Minister Nirmala Sitharaman said on Monday, signalling New Delhi could revive a plan put on hold due to domestic opposition and tax concerns. KKR to invest more than $1 bln in USI Insurance to become largest shareholder 2023-09-11T04:00:00Z The country’s foreign exchange earnings used to import goods and pay debt have fallen by more than 50% since the deal was signed, according to official statistics. Western creditors and Cuba pledge to salvage debt deal 2023-09-01T04:00:00Z China's central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, to counter pressure on the yuan. Explainer: Why is China's economy slowing down and could it get worse? 2023-09-01T04:00:00Z "If companies want to retain their dollar deposits, they can sign up foreign exchange swap products to increase the returns on dollar deposits," the bank said in trade recommendations. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z The island's economy was crushed last year by its worst financial crisis in over seven decades, caused by a severe shortage of foreign exchange reserves that triggered widespread unrest and ousted its former president. Drought dents Sri Lanka's economic hopes, farmers' livelihood 2023-08-29T04:00:00Z "This is in view of the important role of the tourism sector in generating employment, earning foreign exchange ... and in boosting overall economic growth," it said. Bhutan cuts daily tourist fee by half to lure more visitors 2023-08-26T04:00:00Z They said this could help lessen their economies' vulnerability to a strong dollar and foreign exchange fluctuations. Analysis: Investors see long wait for enlarged BRICS' economic boon 2023-08-25T04:00:00Z For weeks the central bank been setting the yuan's trading band above market expectations, and state banks have been buying yuan in onshore and offshore foreign exchange markets. Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z State banks often act on behalf of China's central bank in both onshore and offshore foreign exchange markets, but they could also trade on their own behalf or execute their clients' orders. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z State banks often act as agents for China's central bank in the offshore foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. China's state banks seen mopping up offshore yuan liquidity - sources 2023-08-21T04:00:00Z About 50,000 Bhutanese are employed in tourism which earned about $84 million a year in the three years before the pandemic in foreign exchange. Bhutan cuts daily tourist fee by half to lure more visitors 2023-08-26T04:00:00Z State banks usually act on behalf of China's central bank in the country's foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Exclusive: China's major state banks sell dollars for yuan in London, NY hours - sources 2023-08-17T04:00:00Z The Asian island is struggling with its worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange. IMF staff to visit Sri Lanka in Sept for first programme review 2023-08-15T04:00:00Z China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, sources told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z Also, instead of mentioning "foreign exchange control" in some IPO applications, local lawyers in China are proposing to use more neutral phrasing such as "foreign exchange management", the source added. Heeding Beijing's call, law firms tone down China risks in IPO applications 2023-08-15T04:00:00Z "Congratulations to the foreign exchange diplomacy team for successfully releasing seized foreign currency resources," he said in the post. Iran says unblocked S.Korea funds to be used for 'non-sanctioned goods' 2023-08-12T04:00:00Z Meanwhile, two separate sources also said state banks offered dollars in onshore foreign exchange markets. Exclusive: China's major state banks sell dollars for yuan in London, NY hours - sources 2023-08-17T04:00:00Z The rouble has weakened almost 6% against the dollar in August already, after losing the support of a month-end tax period that usually sees exporting firms convert foreign exchange revenue to meet local liabilities. Rouble hits over 16-month low under FX demand pressure 2023-08-09T04:00:00Z China's major state-owned banks were seen selling U.S. dollars to buy yuan in onshore spot foreign exchange market on Wednesday, sources told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z For one prospective Hong Kong listing, lawyers have removed references to uncertainties around China's regulatory, political and economic environments and foreign exchange control in the prospectus, according to a fourth source. Heeding Beijing's call, law firms tone down China risks in IPO applications 2023-08-15T04:00:00Z Uchida's comments marked a rare foray by the BOJ into concerns about foreign exchange, which historically comes under the purview of the government. Insight: BOJ makes bold shift as yen risks grow too big to ignore 2023-08-03T04:00:00Z Taiwan's stock and foreign exchange markets will also be closed. Taiwan to shut markets, schools as strong typhoon approaches 2023-08-02T04:00:00Z The agreement calls for Argentina to tamp down import demand with new foreign exchange taxes for imported goods and to strengthen expenditure controls. IMF, Argentina reach staff deal on loan reviews to unlock $7.5 bln 2023-07-28T04:00:00Z China's major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market, sources with knowledge of the matter said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The latest extension in loan maturities by Beijing was a boost to Pakistan’s fragile foreign exchange reserves, which are still only enough to pay the import bill for a period of two months. Pakistan’s finance minister says China rolls over $2.4 billion loan for Islamabad for 2 years 2023-07-27T04:00:00Z Timing is critical for Argentina, which is almost out of options, given its central bank reserves have been draining for years under strict foreign exchange controls from the government. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z In 2015, Pan was appointed head of China’s foreign exchange regulator, usually a stepping stone to the top central bank job. China names Pan Gongsheng to lead central bank, succeeding Yi Gang 2023-07-25T04:00:00Z China's state banks usually trade on behalf of the central bank in the country's foreign exchange market, but they could also trade on their own behalf. China state banks seen selling US dollars to prop up yuan -sources 2023-07-25T04:00:00Z China's major state-owned banks were seen selling dollars in the offshore spot foreign exchange market, sources with knowledge of the matter said, suggesting authorities wanted to slow the pace of the yuan's recent slide. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z It bolstered Pakistan’s foreign exchange reserves, which shrank to $4 billion recently, raising fears of a default. Pakistan’s finance minister says China rolls over $2.4 billion loan for Islamabad for 2 years 2023-07-27T04:00:00Z The bank’s new leadership has eased foreign exchange rates to reduce the gap between the official and black-market rate, a key demand of international backers. Short-Term Pain for Long-term Gain? Nigerians Buckle Under Painful Cuts. 2023-07-24T04:00:00Z Several importing countries have economic difficulties resulting in shortages of foreign exchange, especially Egypt, so are unwilling to pay high prices unless urgently needed. Grain buyers refuse to panic as Ukraine corridor closes 2023-07-20T04:00:00Z Islamabad has been building ties with Moscow and has recently begun importing discounted Russian crude oil to meet its local demands and save on foreign exchange reserves. Ukraine FM Dmytro Kuleba to visit Pakistan - statement 2023-07-19T04:00:00Z China's major state-owned banks were seen selling dollars in the onshore spot foreign exchange market on two days, sources with knowledge of the matter told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z MUFG's main banking unit will use Morgan Stanley's global foreign exchange business platform for the merit of scale and for a more competitive offering to its clients. MUFG, Morgan Stanley to deepen alliance, merge some Japan operations 2023-07-18T04:00:00Z "For markets, the weaker dollar and its underlying driver, weaker inflation, is a balm for everything, especially for assets outside the U.S.," said Alvise Marino, foreign exchange strategist at Credit Suisse. Analysis: Tumbling US dollar a boon to risk assets across the globe 2023-07-14T04:00:00Z The funds will bolster the country’s foreign exchange reserves, which shrank to less than $4 billion in recent months, raising fears of a default. IMF deposits much-awaited $1.2B with Pakistan’s central bank under bailout, finance minister says 2023-07-13T04:00:00Z Multinational companies and those with sales overseas use banks, or counterparties to the transactions, to trade foreign exchange and hedge currency risk. Big companies toughen banking partner screening after crisis - survey 2023-07-13T04:00:00Z The yuan is unlikely to experience sharp volatility as China's economic fundamentals, balance of payments and foreign exchange reserves are generally stable, the state-run Economic Daily said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z Pakistan's foreign exchange reserves are expected to rise to around $15bn by the end of this month, Mr Dar has said. Pakistan gets final approval for $3bn IMF bailout 2023-07-12T04:00:00Z Dar said that with the Saudi deposit, Pakistan’s foreign exchange reserves which dropped to $9.6 billion last week — barely enough to pay import bills for a month — have gone up to $11.6. Saudi Arabia deposits $2 billion in Pakistan’s central bank as a boost ahead of a key IMF meeting 2023-07-11T04:00:00Z The financial support will shore up the depleting foreign exchange reserves at the central bank, which had dipped to cover barely a month of controlled imports. Saudi Arabia deposits $2 bln in Pakistan central bank account - Pakistan finance minister 2023-07-11T04:00:00Z The yen is in the driver's seat in foreign exchange markets, as investors pull back on high-yielding bets in emerging markets that have been funded by cheaply borrowed yen. Morning Bid: As yields and the yen go, so goes the dollar 2023-07-11T04:00:00Z In April, the firm's office in Bengaluru was raided by Indian authorities over suspected violations of foreign exchange laws. Byju's: The unravelling of India's most valued start-up 2023-07-09T04:00:00Z Pan, 60, has been deputy governor since 2012 and is China's top foreign exchange regulator. U.S. calls Pan Gongsheng China's c.bank 'head', suggesting unannounced promotion 2023-07-09T04:00:00Z In a video statement, Pakistani Finance Minister Ishaq Dar said the kingdom was making good on its promise to bolster Pakistan’s foreign exchange reserves. Saudi Arabia deposits $2 billion in Pakistan’s central bank as a boost ahead of a key IMF meeting 2023-07-11T04:00:00Z Foreign trade has been opened, foreign exchange controls have been lifted, and the political system has been liberalised somewhat. Uzbek leader holds early election to extend rule 2023-07-09T04:00:00Z BNM has said it would intervene in the foreign exchange markets to stabilise the ringgit, which has dropped nearly 6% against the U.S. dollar this year. Malaysia's c.bank hits pause on rates as price pressures ease 2023-07-06T04:00:00Z "It was when food security was a global issue. Rice prices had almost doubled due to supply chain disruptions," Chung said, noting how food imports had squeezed the countries' foreign exchange reserves. South Korea to help Africa cut dependence on rice imports -minister 2023-07-06T04:00:00Z The island nation plunged into crisis last year as its foreign exchange reserves ran out, food and energy prices spiralled and protesting mobs forced the ouster of the then president of the South Asian country. Sri Lanka cuts key rates as expected amid slowing inflationary pressures 2023-07-06T04:00:00Z Last week, it said it would intervene in the foreign exchange market to stabilize the ringgit to counter what it said were "excessive" recent losses. ASIA Yellen in China 2023-07-05T04:00:00Z The Russian rouble's weakness means Tashkent is expected to see reduced foreign exchange inflows from millions of Uzbeks who work in Russia. Uzbek leader holds early election to extend rule 2023-07-09T04:00:00Z In 2016, Pan also took on the role of China’s top foreign exchange regulator, managing the world’s largest foreign exchange reserves of around $3.2 trillion. China's choice of PBOC party chief signals financial stability worries 2023-07-04T04:00:00Z The lower rates could both discourage households from putting savings into higher-yielding dollar deposits and nudge Chinese firms, especially exporters, to settle foreign exchange receipts in yuan. China state lenders lower dollar deposit rates for second time in a month - sources 2023-07-04T04:00:00Z The central bank also guided one commercial lender to lower such rates, one of the sources said, as recent weakness in the Chinese currency prompts authorities to more closely scrutinize foreign exchange dealings. China's PBOC asks foreign banks about dollar deposit rates amid weak yuan - sources 2023-06-30T04:00:00Z The deal, subject to approval by the IMF board, comes after an eight-month delay and offers some respite to Pakistan, which is battling an acute balance of payments crisis and falling foreign exchange reserves. Pakistan, IMF reach staff-level pact to release stalled funds 2023-06-30T04:00:00Z The funds under discussion would offer some respite to Pakistan which is battling an acute balance of payments crisis and falling foreign exchange reserves. Exclusive: Pakistan expects IMF deal in next 24 hours - finance minister 2023-06-29T04:00:00Z Intervention is costly and could easily fail, given that even a large burst of yen buying would pale next to the $7.5 trillion that change hands daily in the foreign exchange market. Explainer: What would Japanese intervention to boost the weak yen look like? 2023-06-29T04:00:00Z "Frontier economies are suffering from surging import bills exacerbated by a tightening of global financial conditions and a general flight to safety," said David Willacy, a foreign exchange trader at StoneX in London. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z The move could potentially nudge companies, especially exporters, to convert more of their foreign exchange receipts into the yuan , which has weakened to near eight-month lows and lost nearly 5% so far this year. China's PBOC asks foreign banks about dollar deposit rates amid weak yuan - sources 2023-06-30T04:00:00Z Sri Lanka is struggling with its worst financial crisis since its independence from Britain in 1948 after the country's foreign exchange hit record lows and triggered its first foreign debt default last year. Sri Lanka asks dollar debt holders for 30% haircut 2023-06-29T04:00:00Z Sri Lanka is struggling with the worst financial crisis since its independence from Britain in 1948 after the country's foreign exchange hit record lows and triggered its first foreign debt default last year. World Bank approves $700 mln for crisis-hit Sri Lanka 2023-06-28T04:00:00Z The IMF funds subject to approval by its board promise respite for Pakistan, which is battling its worst economic meltdown, with an acute balance of payments crisis and falling reserves of foreign exchange. Pakistan hopes for bailout decision in day or two as IMF seeks deal 'quickly' 2023-06-27T04:00:00Z Moody's rating agency cut its rating on Bolivia's sovereign debt in March, saying foreign exchange issues put "macroeconomic stability at risk for Bolivia in general." Analysis: Bolivia's creaking big state model rings warning bell in South America 2023-06-27T04:00:00Z State banks usually act on behalf of the country's central bank in the foreign exchange market, but they could also be trading for themselves or their clients. China starts to slow yuan's one-way slide 2023-06-27T04:00:00Z Asian stocks were steady and moves in the foreign exchange market were small - with little to shift last week's dour mood as the economic outlook darkens. Morning Bid: Markets take mutiny in their stride, for now 2023-06-26T04:00:00Z "I don't think the market can get its head around working out if there are implications," said Ray Attrill, head of foreign exchange strategy at National Australia Bank in Sydney. Oil climbs, markets on edge over darkening growth outlook 2023-06-25T04:00:00Z About half of Myanmar’s foreign exchange earnings come from MOGE, mostly from sales of offshore natural gas. Foes of Myanmar’s military regime applaud new US sanctions, but want action to block gas revenues 2023-06-22T04:00:00Z With foreign exchange reserves to cover less than a month's imports, Pakistan risks running out of money. Pakistan's economic meltdown spurs more people to risk lives to reach Europe 2023-06-23T04:00:00Z The report also showed London remained the main venue for foreign exchange trading in euros and that Britain's importance for international financial activities in euros had not changed materially since Brexit. Euro holds ground on world stage despite Russia slashing use -ECB 2023-06-21T04:00:00Z The report said the underground banking systems in Taiwan, which are widely known but difficult to regulate, could provide foreign exchange support. Exclusive: Taiwan on alert for Chinese-funded election interference 2023-06-21T04:00:00Z The report covers foreign exchange activity for the four quarters ended December 31, 2022. Japan finmin says no change in FX policy after US report 2023-06-20T04:00:00Z Treasury Department and will keep talking with them about foreign exchange policies, after the United States kept the island on a monitoring list. Taiwan says will it keep talking to US on forex policies 2023-06-17T04:00:00Z ABUJA, Nigeria — Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors and stabilize the local currency. Nigeria lets market set currency exchange rate to stabilize economy, woo investors 2023-06-15T04:00:00Z Sri Lanka's economy contracted by a record 7.8% last year after its foreign exchange reserves hit record lows, plunging the island into the worst financial crisis since it gained Independence from the British in 1948. Sri Lanka's economy shrinks 11.5% in first quarter as financial crisis continues 2023-06-15T04:00:00Z Overall they see more tourism and fewer energy imports as the basis of a $30 billion replenishing of foreign exchange and gold reserves at the central bank. Soft U.S. landing to free investor cash toward EMs -IIF 2023-06-14T04:00:00Z Morgan estimate, bringing the total foreign exchange deposits in China to $851.8 billion at end of May. Analysis: Diverging rates outlook has China's yuan eying 2022 lows 2023-06-14T04:00:00Z Treasury Department and will keep talking with them about foreign exchange policies, after the United States kept the island on a monitoring list. Taiwan says will it keep talking to US on forex policies 2023-06-17T04:00:00Z Now, the currency devaluation is expected to push up prices for imports like food amid a significantly higher foreign exchange rate. Nigeria lets market set currency exchange rate to stabilize economy, woo investors 2023-06-15T04:00:00Z Analysts at Bank of America recently upgraded their recommendation on Azul to "Neutral" from "Underperform", citing foreign exchange and oil price tailwinds as well as its restructuring plan. Brazil's Azul launches exchange offer as part of restructuring plan 2023-06-13T04:00:00Z Tax officials inspected offices of the BBC in Delhi and Mumbai in February and the financial crime agency opened an investigation into the broadcaster in April over charges of violations of foreign exchange rules. Rights groups to screen BBC Modi documentary in Washington ahead of Indian PM's visit 2023-06-12T04:00:00Z Under Emefiele, Nigeria’s economy struggled with a weakened currency caused by the foreign exchange crisis as well as a surging inflation rate, which was at a near-two-decade high of 22.2% in April. Nigeria’s central bank chief arrested after being suspended by president 2023-06-10T04:00:00Z The island off India’s southern coast plunged into crisis last year as its foreign exchange reserves ran out. Sri Lanka lifts import limits on 286 items as crisis eases 2023-06-10T04:00:00Z The agreement will help “address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel,” the president’s office said in a statement. US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka 2023-06-08T04:00:00Z South Korea will discuss with Japan re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on Thursday. China's Dalian Wanda appeals court decision to freeze shares 2023-06-08T04:00:00Z South Korea will discuss with Japan re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on Thursday. Early signs New Zealand Defence Force attrition slowing - chiefs 2023-06-08T04:00:00Z South Korea will discuss with Japan re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on Thursday. Dozens of Chinese military aircraft enter Taiwan air defence zone -Taiwan defence ministry 2023-06-08T04:00:00Z South Korea will discuss with Japan re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on Thursday. Japan court rules that not allowing same-sex marriage is 'in a state of unconstitutionality' -NHK 2023-06-08T04:00:00Z The foreign companies are required to use their own funds to purchase fuel, without depending on Sri Lankan banks for foreign exchange. US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka 2023-06-08T04:00:00Z The move could encourage Chinese companies, especially exporters, to settle their foreign exchange receipts into Chinese yuan , which has weakened to six-month lows against the dollar. Exclusive: China's state banks told to lower cap on dollar deposit rates - sources 2023-06-06T04:00:00Z The island off India's southern coast plunged into crisis last year as its foreign exchange reserves ran out, food and energy prices spiralled and protesting mobs forced the ouster of the country's then president. Sri Lanka to reduce drug prices by 16% as crisis eases- minister 2023-06-06T04:00:00Z Amid supply chain disruptions, soaring costs and currency volatility, Unilever working to make its African operations more self-reliant, ramping up local sourcing in part to reduce its foreign exchange exposure. Analysis: Remaining Western firms face tricky Russian exits 2023-06-01T04:00:00Z Amid pandemic-provoked supply chain disruptions, soaring costs and growing currency volatility, Unilever is working to make its African operations more self-reliant, ramping up local sourcing in part to reduce its foreign exchange exposure. Unilever pivots to African suppliers as forex pressure mounts 2023-05-31T04:00:00Z "This engagement will focus on the restoration of foreign exchange proper market functioning, the passage of a FY24 budget consistent with program goals, and adequate financing," IMF mission chief Nathan Porter said. IMF hoping for board meeting on Pakistan before current program expires 2023-05-29T04:00:00Z Since a 2021 crisis, the authorities have taken an increasingly hands-on role in foreign exchange markets with daily moves having become unnaturally small and mostly recording a weakening while FX and gold reserves have dwindled. Turkish lira teeters near record low as Erdogan secures victory 2023-05-29T04:00:00Z He inherits a struggling economy with record debt, shortages of foreign exchange and fuel, a weak naira currency, near two-decades-high inflation, skeletal power supplies and falling oil production due to crude theft and underinvestment. Nigeria's Tinubu gets his turn as president, familiar problems await 2023-05-29T04:00:00Z Tourism, once a key driver of much-needed foreign exchange, has struggled to revive, with visitor numbers between January and April this year at only half that of the same period in 2019, Gil said. Cuba says no quick fix as economic crisis drags on 2023-05-25T04:00:00Z Managing foreign exchange costs is largely what is driving a pivot to African suppliers, Unilever said, even though sourcing from the continent can cost more than buying from parts of Asia. Unilever pivots to African suppliers as forex pressure mounts 2023-05-31T04:00:00Z Investors' hunt for assets that can produce returns if stocks and bonds both tumble, as they did in 2022, is also driving interest in foreign exchange strategies. Analysis: Global pension funds eye currencies for additional returns 2023-05-24T04:00:00Z At the same time, the government has heavily intervened to slow the decline of the Turkish lira, mostly by selling foreign exchange reserves. For the Winner in Turkey, One Prize Is an Economy at the Edge of Crisis 2023-05-23T04:00:00Z Stringent capital controls mean that access to the official foreign exchange market is extremely limited, and the peso is worth far less in parallel markets. Argentina introduces larger bank note amid galloping inflation 2023-05-22T04:00:00Z Sri Lanka, which is facing a foreign exchange crisis, hopes the deal will help to resolve its energy crisis. China’s Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka 2023-05-22T04:00:00Z Importantly, it also reduces the foreign exchange required to pay for imports. Unilever pivots to African suppliers as forex pressure mounts 2023-05-31T04:00:00Z Some currency managers believe funds' allocations to foreign exchange are often too small to make a meaningful difference. Analysis: Global pension funds eye currencies for additional returns 2023-05-24T04:00:00Z Treasurys are widely used as collateral for loans, as a buffer against bank losses, as a haven in times of high uncertainty and as a place for central banks to park foreign exchange reserves. What it would mean for the global economy if the US defaults on its debt 2023-05-22T04:00:00Z Weeks after the broadcast, the BBC's Delhi offices were raided by Indian income tax authorities, and in April an investigation was opened into the broadcaster for alleged violations of foreign exchange rules. BBC ordered to Delhi High Court over Modi documentary 2023-05-22T04:00:00Z At full capacity, at least 40% of the oil products made there would be available for export, resulting in significant foreign exchange earnings for Nigeria, he added. Nigeria opens Africa’s biggest oil refinery as it tries to boost struggling sector 2023-05-22T04:00:00Z Tax officials inspected offices of the BBC in Delhi and Mumbai in February and the financial crime agency opened an investigation into the broadcaster in April for alleged violations of foreign exchange rules. Indian court issues summons to BBC in defamation case over Modi documentary 2023-05-22T04:00:00Z A look at commercial banks' foreign exchange operations shows they are selling more dollars on net. Analysis: As China's yuan drops through 7 again, the dollar is in the driver's seat 2023-05-18T04:00:00Z Of all the foreign exchange reserves held by the world’s central banks, U.S. dollars account for 58%. What it would mean for the global economy if the US defaults on its debt 2023-05-22T04:00:00Z Among them, banks should set binding limits on foreign exchange exposure until the payment arrives and consider clawing back bankers' pay as a penalty for failed trades. ECB zeroes in on struggling borrowers and forex as times get tougher 2023-05-17T04:00:00Z The Himalayan nation, which is heavily reliant on climbing, trekking and tourism for foreign exchange, has been criticised for allowing too many climbers, many of them inexperienced, to try for Everest's summit. Nepali sherpa sets Everest record with 27th ascent 2023-05-17T04:00:00Z Sri Lanka is struggling with its worst financial crisis in over seven decades triggered by a severe shortage of foreign exchange. IMF delegation to arrive in Sri Lanka on Thursday 2023-05-10T04:00:00Z Almost all foreign exchange and 90% of South Sudan's government revenue comes from crude oil exports, which leave via a pipeline that runs through Sudan. Sudan conflict: 'How I saved my red guitar from Khartoum war zone' 2023-05-08T04:00:00Z He added though that the country still needed to improve its complex foreign exchange market and fine tune its tax system for the sector to help ensure strong mining development up to 2030. Red metal rising: Argentina sets lofty sights on global copper top 10 2023-05-08T04:00:00Z China's foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies. China forex reserves rise to $3.205 trln in April 2023-05-07T04:00:00Z The IMF funding is crucial for Pakistan to avert default on its external payment obligations during a balance of payment crisis, in which foreign exchange reserves have shrunk to just four weeks of controlled imports. IMF to wrap up Pakistan bailout review once financing in place 2023-05-05T04:00:00Z The U.S. dollar will remain resilient against most major currencies over the coming months despite expectations of narrowing interest rate differentials, a Reuters poll of foreign exchange strategists predicted. Dollar to remain resilient in coming months despite narrowing rate gap: Reuters poll 2023-05-03T04:00:00Z The U.S. dollar will remain resilient against most major currencies over the coming months despite expectations of narrowing interest rate differentials, a Reuters poll of foreign exchange strategists predicted. Futures rise ahead of Fed meeting outcome 2023-05-03T04:00:00Z The U.S. dollar will remain resilient against most major currencies over the coming months despite expectations of narrowing interest rate differentials, a Reuters poll of foreign exchange strategists predicted. Indonesia finance minister calls for cautious approach toward easing inflation 2023-05-03T04:00:00Z The U.S. dollar will remain resilient against most major currencies over the coming months despite expectations of narrowing interest rate differentials, a Reuters poll of foreign exchange strategists predicted. Bunge beats quarterly profit estimates on strong food, biofuels demand 2023-05-03T04:00:00Z In foreign exchange, the one major currency to buck the weakening trend against a buoyant U.S. dollar on Monday was the Australian dollar, which gained 0.3% ahead of the RBA's policy decision. Morning Bid: RBA to pause again? 2023-05-01T04:00:00Z Activity in the foreign exchange markets was subdued due to the Labour Day holidays in Singapore, Hong Kong and mainland China. Currencies in limbo awaiting packed week of central banks 2023-05-01T04:00:00Z Taking out the impact from changes in the foreign exchange rate, Amazon reported net sales increased 11% year over year. Amazon profits jumped to $3.2B as it shed workers at the start of 2023 2023-04-27T04:00:00Z Biden and Yoon said in a statement following the summit that the two countries "will continue to consult closely on foreign exchange market developments to promote sustainable growth and financial stability". US, South Korean leaders pledge to cooperate on forex market stability 2023-04-27T04:00:00Z Stringent capital controls mean that access to the official foreign exchange market is extremely limited, so parallel rates have flourished. Argentina: A desperate search for a door as currency tumbles 2023-04-26T04:00:00Z The peso hit 495 on Tuesday in informal markets that have flourished as the official foreign exchange market is under tight controls. Argentina vows to battle black market peso slide towards 500 per dollar 2023-04-25T04:00:00Z With less than a month's worth of foreign exchange reserves, Pakistan awaits a bailout tranche of $1.1 billion from the IMF delayed since November over policy changes sought by the lender. Inflation crimps Eid festivities for Karachi orphans 2023-04-19T04:00:00Z “We have some of it in our foreign exchange reserves too. It is an option.” Bangladesh to pay off Russian nuclear plant loan in Chinese currency 2023-04-17T04:00:00Z The case was filed under the Foreign Exchange Management Act, which gives the Enforcement Directorate powers to investigate and impose penalties against those who breach foreign exchange laws. India escalates fight against BBC with new financial case 2023-04-13T04:00:00Z India's financial crime-fighting agency has opened an investigation into alleged violations of foreign exchange rules by the BBC, a source told Reuters on Thursday, months after tax officials searched the broadcaster's Mumbai and Delhi offices. Pilgrims flock to ancient Holy Land church as Palestinian congregation shrinks 2023-04-13T04:00:00Z India's financial crime-fighting agency has opened an investigation into alleged violations of foreign exchange rules by the BBC, a source told Reuters on Thursday, months after tax officials searched the broadcaster's Mumbai and Delhi offices. Factbox: Who are Sudan's Rapid Support Forces? 2023-04-13T04:00:00Z India's financial crime-fighting agency has opened an investigation into alleged violations of foreign exchange rules by the BBC, a source told Reuters on Thursday, months after tax officials searched the broadcaster's Mumbai and Delhi offices. Kyiv calls for NATO to secure Black Sea, integrate Ukrainian defences 2023-04-13T04:00:00Z Sri Lanka's economic meltdown, triggered by a severe foreign exchange shortage, low tax revenues and high debt, has seen the cost of living soar. Fortune teller sees bleak future as Sri Lankans celebrate new year 2023-04-11T04:00:00Z A Reuters poll of foreign exchange strategists showed that the U.S. dollar will weaken against most major currencies this year as the interest rate gap with its peers stops widening. EUROPE Jolted markets fret about economy, Fed rate path 2023-04-05T04:00:00Z Median forecasts in the March 31-April 4 poll of 90 foreign exchange strategists showed the dollar ceding ground to all major currencies in a year. Dollar's crown to slip as peers catch up in rates race: Reuters poll 2023-04-05T04:00:00Z Securities and Exchange Commission for failing to disclose foreign exchange fees to clients. Merrill Lynch agrees to pay over $9.5 mln to settle SEC charges over fee disclosures 2023-04-03T04:00:00Z Pakistan’s foreign exchange reserves have fallen to cover barely four weeks of imports. Pakistan posts highest-ever annual inflation; stampedes for food kill 16 2023-04-01T04:00:00Z Last year's core net loss, which excludes the revaluation of assets and financial instruments and foreign exchange loss, compares to a 25.30 billion yuan loss reported in 2021. Chinese property developer Sunac posts $2 billion core loss in 2022 2023-03-31T04:00:00Z "The business environment is unlikely to improve materially while electricity shortages, logistics disruptions, trade and foreign exchange restrictions, and regulatory uncertainty persist," the report said. Myanmar economy to remain "severely diminished" amid conflict -World Bank 2023-03-31T04:00:00Z The South Asian nation is currently going through one of its worst economic crises amid depleting foreign exchange reserves and increasing cost of living. Pakistan ups security as 11 killed in Ramadan food stampedes 2023-03-30T04:00:00Z Country Garden had flagged the disappointing results earlier this month, citing a drop in gross profit margin, a rise in provisions for impairments on property projects and net foreign exchange losses. China's Country Garden posts 90% dip in 2022 core profit, record net loss 2023-03-30T04:00:00Z In the foreign exchange markets, the dollar index , which measures the U.S. currency against six peers, was mostly flat, having eased 0.3% overnight on improving risk appetite. Asian stocks rally as banking anxiety eases; Alibaba surges 2023-03-29T04:00:00Z The CDS market is small relative to equities, foreign exchange or the global bond markets, where there are more than $120 trillion bonds outstanding. Explainer: What are credit default swaps and why are they causing trouble for Europe's banks? 2023-03-28T04:00:00Z It also said there has been a shift in the past year from a managed floating exchange rate regime toward a reliance on administrative controls, including rules on surrendering foreign exchange. Myanmar economy to remain "severely diminished" amid conflict -World Bank 2023-03-31T04:00:00Z The country also suppressed imports, including inputs for the pharma sector earlier in the fiscal year as foreign exchange reserves dropped. Pakistan defers decision on drug price rise as pharma firms struggle 2023-03-27T04:00:00Z Khan’s plan focuses on boosting revenue through foreign exchange and investment, widening the tax network, and anti-money laundering initiatives. Pakistani ex-PM Khan sets out economic rescue plan at rally 2023-03-26T04:00:00Z A senior foreign exchange trader at a large bank in Europe told Reuters that his bank was showing wider bid-ask spreads when dealing with Credit Suisse to compensate for the risk. Banks scrutinize Credit Suisse products, interactions after takeover 2023-03-24T04:00:00Z Average daily volume in foreign exchange is close to $8 trillion, based on Bank for International Settlements data. Explainer: What are credit default swaps and why are they causing trouble for Europe's banks? 2023-03-28T04:00:00Z "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." Dollar slips as Fed outlook shifts 2023-03-23T04:00:00Z Upon receiving the funds from the IMF, the monetary authority can buy foreign exchange and provide the government an equivalent amount of rupees to spend, Weerasinghe told Bloomberg on Tuesday. Sri Lanka says latest bailout funds can be used for fiscal support - Bloomberg News 2023-03-22T04:00:00Z Tourists are returning, remittances are recovering and foreign exchange reserves are rising, though the economy is still contracting. Wickremesinghe delivers IMF deal for Sri Lanka despite public mistrust 2023-03-21T04:00:00Z In foreign exchange markets the U.S. dollar steadied after slipping overnight. Asia stocks bounce gingerly but bank fears lurk 2023-03-21T04:00:00Z In foreign exchange trade the Swiss franc , which took a beating as worries about Credit Suisse grew last week, rose about 0.4% to 0.9264 to the dollar. Stock futures nudge higher on Credit Suisse buyout 2023-03-19T04:00:00Z Industrial-scale theft of crude of oil, Nigeria's single biggest earner of foreign exchange, has greatly reduced the country's flow of dollars in the last year. Nigeria tops list of countries withholding airline funds, IATA says 2023-03-16T04:00:00Z But when investors transfer the capital from onshore to offshore, it consumes some of China's foreign exchange reserves, while issuers usually keep the proceeds raised for overseas use. China battery giant CATL's $5 bln Swiss listing delayed amid Beijing regulatory concerns - sources 2023-03-15T04:00:00Z Export tax revenue is a major contributor to the South American country's economy, which suffers from low foreign exchange reserves, massive debt as well as an annual inflation topping 100%. Historic drought in Argentina seen shrinking GDP by 3 points 2023-03-10T05:00:00Z The bank had revised how it booked a series of cash flows, including share-based compensation and foreign exchange hedges. Credit Suisse delays annual report after last-minute call from SEC 2023-03-09T05:00:00Z Around half of its gold and foreign exchange reserves, which stood near $640 billion, were frozen. India's oil deals with Russia dent decades-old dollar dominance 2023-03-08T05:00:00Z China's foreign exchange regulator also said on Monday there is no change in policy on cross-border remittance of funds and that it would continue to promote opening-up to the world. HSBC China says it's unaware of remittance curbs after Mobius' claims 2023-03-07T05:00:00Z The IMF representative also said that Pakistan was committed to align its official and informal foreign exchange market rates, days after the cash-strapped country’s currency plunged dramatically. Pakistan has to give assurances on financing BOP deficit: IMF 2023-03-06T05:00:00Z "Based on last year's experience, we have prepared measures aimed at easing dollar demand and volatility in the foreign exchange market," Kim said. Exclusive: S.Korea pension fund ready to revive FX swap with cenbank 2023-03-05T05:00:00Z Britain remains a leading global financial centre, the headquarters of many major global institutions, the world's largest foreign exchange trading venue and home to one of Europe's largest stock exchanges by market value. SoftBank snub shows London risks losing its listings lustre 2023-03-03T05:00:00Z Mr. Tinubu has already promised to scrap an expensive fuel subsidy, but also has to figure out how to handle government debt and restrictions on foreign exchange, said Mr. Ajileye. Nigeria’s Most Powerful Kingmaker Wins His Long-Desired Throne 2023-03-01T05:00:00Z Pakistan's central bank's foreign exchange reserves have fallen to levels barely enough to cover three weeks of imports. Pakistani rupee touches record low, bonds fall as IMF talks drag 2023-03-02T05:00:00Z Negative foreign exchange effects would likely be an additional drag of between 1% and 4%, according to the maker of pharmaceuticals, lab equipment and specialty chemicals. Merck KGaA expects 2023 profit to slip as COVID demand wanes 2023-03-02T05:00:00Z The pension fund will cooperate with foreign exchange authorities to deploy the measures in case of excessive volatility, acting according to prearranged plans when the dollar/won exchange rate reaches certain levels, he said. Exclusive: S.Korea pension fund ready to revive FX swap with cenbank 2023-03-05T05:00:00Z Goldman Sachs has warned of the potential for foreign exchange market instability in the run up to Turkey's elections following years of currency reserve depletion and other costly measures. Morning Bid: For nervous markets, beware the slides of March 2023-03-02T05:00:00Z Goldman Sachs has warned of the potential for foreign exchange market instability in the run up to Turkey's elections following years of currency reserve depletion and other costly measures. South Korea Feb factory activity shrinks for 8th month 2023-03-02T05:00:00Z So too will a system of multiple foreign exchange rates that the International Monetary Fund says is subject to abuse and makes it difficult for investors to repatriate their money. Explainer: Nigeria election: what to expect from president-elect Bola Tinubu 2023-03-01T05:00:00Z The island is grappling with its worst economic crisis since gaining independence from Britain in 1948, beset by inflation above 50%, a shortage of foreign exchange, a plummeting currency and a steep recession. Crisis-hit Sri Lanka's public workers protest power tariff, tax hikes 2023-03-01T05:00:00Z "We have our own target rate for foreign exchange that we can endure," Kim said. Exclusive: S.Korea pension fund ready to revive FX swap with cenbank 2023-03-05T05:00:00Z By 1957, the nursery began to host foreign exchange students from Japan. After 100 years, the San Gabriel Nursery and Florist continues to bloom 2023-02-26T05:00:00Z The move comes as the South American commodities exporter is facing the worst drought in 60 years, which has pummeled soy, corn and wheat crops, compromising already weak foreign exchange reserves. Exclusive: Argentina in talks with IMF to ease reserves targets amid drought - sources 2023-02-25T05:00:00Z But prices had been going up before the fighting began - caused by the closure of the border to many imports and a scarcity of foreign exchange. Nigeria election 2023: Charts that explain the nation 2023-02-23T05:00:00Z Last summer, it pegged the hryvnia at 36.57 to the dollar, and it has intervened regularly on the foreign exchange market to support the currency. Ukraine unveils banknote for anniversary of Russian invasion 2023-02-23T05:00:00Z "A predictable and stable foreign exchange rate is also advantageous to us," he said, adding that cooperation with foreign exchange authorities would be based on achieving good investment returns. Exclusive: S.Korea pension fund ready to revive FX swap with cenbank 2023-03-05T05:00:00Z Pakistan faces a crippling economic crisis, with decades-high inflation and critically low foreign exchange reserves depleted by continued debt repayment obligations. U.S. concerned about debt Pakistan owes China, official says 2023-02-17T05:00:00Z Pakistan’s foreign exchange reserves have fallen to below $3 billion, forcing the country to further tighten controls on imports of raw materials for the industrial sector. Pakistan in bailout bid sharply raises natural gas taxes 2023-02-14T05:00:00Z Pakistan’s foreign exchange reserves have fallen to slightly over $2 billion. Pakistan set for tax hikes in return for massive IMF bailout 2023-02-13T05:00:00Z Pakistan's foreign exchange reserves held by the central bank have fallen to $2.9 billion, barely enough to cover three weeks of imports. IMF, Pakistan to resume talks on unlocking bailout funds, official says 2023-02-13T05:00:00Z Regarding the possible re-launch of the foreign exchange swap arrangement with the Bank of Korea, Kim said it would be "definitely necessary to stabilise the market", without elaborating. Exclusive: S.Korea pension fund ready to revive FX swap with cenbank 2023-03-05T05:00:00Z Pakistan's foreign exchange reserves have fallen to the lowest level in 10 years and cover only three weeks' worth of imports. Factbox: Crisis-hit Pakistan's macro economic indicators 2023-02-10T05:00:00Z The funds are crucial for the $350-billion economy facing a balance-of-payments crisis with foreign exchange reserves dipping to less than three weeks of import cover. Pakistan finmin says expect IMF matters to be settled today - Dawn news 2023-02-09T05:00:00Z They are a stark example of the economic hardships that have dogged Nigeria for years, including surging inflation, widespread unemployment and acute shortages of foreign exchange that have severely weakened the naira currency. Fuel and cash shortages rile Nigerian voters heading into election 2023-02-09T05:00:00Z Lula is expected to appoint a person aligned with his vision to the Monetary Policy position, which plays a major role in monetary policy decisions and oversees the foreign exchange and interest rate desks. Analysis: Brazil central bank autonomy becomes political punching bag for Lula 2023-02-08T05:00:00Z The bank's more profitable trading business also performed well, with a 24% rise in global markets revenue in the fourth quarter, as market volatility boosted trading in commodity derivatives, rates, foreign exchange and emerging markets. BNP Paribas raises 2025 targets, announces 5 bln euro share buyback 2023-02-07T05:00:00Z The IMF funding is crucial for the $350-billion economy facing a balance-of-payments crisis with foreign exchange reserves dipping to less than three weeks of import cover. Pakistan, IMF grapple for consensus to unlock critical funding 2023-02-06T05:00:00Z Excluding changes in the foreign exchange rate, Amazon says net sales increased 13% year over year. Amazon reports net loss of $2.7 billion for 2022 2023-02-02T05:00:00Z Oil is the biggest foreign exchange earner, but rampant crude theft in the Niger Delta and years of underinvestment have hurt output and strained government finances. Fuel and cash shortages rile Nigerian voters heading into election 2023-02-09T05:00:00Z Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due to depleting foreign exchange reserves, traders and industry sources said. Electronic Arts lowers annual adjusted sales forecast 2023-01-31T05:00:00Z Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due to depleting foreign exchange reserves, traders and industry sources said. White House blasts Exxon over historical $56 bln annual profit 2023-01-31T05:00:00Z Despite stringent foreign exchange controls and uncertainty over rules and regulations under army rule, some businesses are finding ways to operate by using informal payments and trade channels. How Myanmar is faring 2 years after army ousted Suu Kyi 2023-01-31T05:00:00Z Unlocking the funding is crucial for the South Asian economy as its foreign exchange reserves have dropped to cover just three weeks of imports. Pakistan, IMF open talks to unlock crucial funding - ministry 2023-01-31T05:00:00Z The World Bank economists said controls imposed by the central bank to support the kyat and protect foreign exchange reserves have been relaxed, making it easier for exporters to obtain credit or retain their earnings. World Bank: Myanmar economy to grow 3%, dragged by conflict 2023-01-30T05:00:00Z Adani’s 400-page rebuttal issued late Sunday accused Hindenburg of attacking India and its institutions and of breaking securities and foreign exchange laws. Adani accuses short-seller Hindenburg of attacking India 2023-01-29T05:00:00Z Facing an increasingly acute balance of payment crisis, Pakistan is desperate to secure external financing, with less than three weeks worth of import cover in its foreign exchange reserves. Pakistani rupee plummets as markets adjust to removal of unofficial controls 2023-01-26T05:00:00Z Pakistan is currently grappling with one of the country’s worst economic crisis amid dwindling foreign exchange reserves. Cash-strapped Pakistan’s rupee plunges amid talks with IMF 2023-01-26T05:00:00Z Sharp one-sided currency moves cannot be tolerated, Japan's top finance diplomat Masato Kanda told Reuters, reaffirming Tokyo's determination to intervene in the foreign exchange market to curb any speculative or significant yen moves. China's EXIM bank gives Sri Lanka debt extension 2023-01-26T05:00:00Z But the war in Ukraine and regional tensions have reverted the accumulation of foreign exchange reserves observed last year and narrowed the space for policy intervention, it added. IMF approves $86.9 mln extended fund facility for Mauritania 2023-01-25T05:00:00Z The 110-year old company, which makes more than half of its revenue outside the United States, said it expects a neutral foreign exchange impact on its business this year as the U.S. dollar weakens. IBM reports highest annual revenue growth in a decade 2023-01-25T05:00:00Z The foreign exchange companies said they had removed the cap for the sake of the country, because it was causing "artificial" distortions for the economy. Pakistani rupee plummets as markets adjust to removal of unofficial controls 2023-01-26T05:00:00Z Grappling with one of its worst economic crisis in recent years amid dwindling foreign exchange reserves, Pakistan is currently in talks with the International Monetary Fund to soften some conditions on a $6 billion bailout. Pakistan’s energy chief defends govt after power outage over 2023-01-24T05:00:00Z Its multiple foreign exchange rates include an illegal one employed in backrooms by money-changers — a practice so entrenched that this so-called “blue dollar” rate is published daily in newspapers. Proposed Brazil-Argentina common currency is met with doubts 2023-01-23T05:00:00Z With the foreign exchange crunch, the South Asian economy's managers have been focusing on reducing current account deficit, mainly by reducing imports. Pakistan cenbank raises key rate to rein in high inflation 2023-01-23T05:00:00Z Pakistan is grappling with one of the country’s worst economic crisis in recent years amid dwindling foreign exchange reserves. Lights out in Pakistan as energy-saving move backfires 2023-01-23T05:00:00Z The bank is also comfortable with the current state and projections for its foreign exchange reserves, Njoroge said, after those reserves slipped below the required four months worth of import cover last November. Davos 2023 Kenya inflation to fall back within target in Q1 -cenbank governor 2023-01-20T05:00:00Z A further surge in the yen - one of 2023's most favoured trades - means volatility in the $7.5 trillion a day foreign exchange markets is unlikely to go away soon, another headwind for investors. Analysis: BOJ has markets bracing for more bond, FX turmoil as shift seen inevitable 2023-01-18T05:00:00Z Dwindling foreign exchange reserves and coalition sea and air restrictions on Houthi-held areas hampered imports. In Yemen, medical shortages compound suffering of cancer patients 2023-01-17T05:00:00Z In the meantime, foreign exchange trade may be driven by Chinese economic data due around 0200 GMT, which is expected to be weak, British labour data, U.S. earnings and Canadian inflation figures. Yen perched near 7-month high as BOJ looms 2023-01-17T05:00:00Z The attacks badly damaged tourism, a key source of foreign exchange, and contributed to Sri Lanka’s ongoing crisis. Sri Lanka church seeks criminal justice for Easter bombings 2023-01-13T05:00:00Z Authorities will also support developers' offshore debt repayment by providing policy support, including by helping to improve management of foreign exchange. China to support financing, debt extension for quality developers- Xinhua 2023-01-13T05:00:00Z Prosecutors said he had claimed he was a foreign exchange trader, convincing victims to invest in a low-risk scheme. Richard Rufus: Ex-Premier League star jailed over £15m fraud 2023-01-12T05:00:00Z EU, U.S. and UK regulators have in recent years fined banks billions of euros for manipulating various benchmark interest rates and the foreign exchange market. EU court confirms HSBC's annulled euribor cartel fine 2023-01-12T05:00:00Z He said the government aims to put those measures in the foreign exchange market into force from the second half of next year. South Korea seeks to improve foreign access to its markets 2023-01-12T05:00:00Z In the foreign exchange market, the Australian dollar was 0.3% higher after data showed the annual pace of inflation had increased to 7.3% in November. Asian shares subdued, dollar steady, focus on U.S. CPI data 2023-01-11T05:00:00Z Petroleo Brasileiro SA, as the company is formally known, updates natural gas prices on a quarterly basis, pegging them to international oil prices and foreign exchange rates. Brazil's Petrobras to cut natural gas prices by 11.1% 2023-01-10T05:00:00Z Rufus claimed he was an experienced foreign exchange broker but was in fact using his victims' money to reimburse those who had paid in as part of a pyramid scheme, the statement said. Richard Rufus: Ex-Premier League star jailed over £15m fraud 2023-01-12T05:00:00Z Investors should avoid Chinese currency risk and adapt to higher foreign exchange volatility, three state financial newspapers in Shanghai and Beijing said in front-page commentaries on Tuesday. Morning bid: Obstacle course ahead 2023-01-10T05:00:00Z That newspaper, from Beijing, and the two others urged investors to adopt risk neutrality in foreign exchange. China state media warn of two-way volatility for yuan in 2023 2023-01-10T05:00:00Z In foreign exchange, funds reduced their net short dollar position by around a third, closing the year with a $6.8 billion bet that the dollar would weaken against its G10 currency peers. Column: Funds start 2023 short dollars, eyeing U.S. rate peak: McGeever 2023-01-09T05:00:00Z "The swap comprises the exchange of currency for reinforcement of international reserves of 130 billion yuan and a special activation of 35 billion yuan to compensate operations on the foreign exchange market," the statement said. Argentina and China formalize currency swap deal 2023-01-08T05:00:00Z The lender is yet to approve the release of $1.1 billion originally due to be disbursed in November last year, leaving Pakistan with only enough foreign exchange reserves to cover one month's imports. Pakistan's finance minister to meet IMF in Geneva, with bailout stalled 2023-01-08T05:00:00Z The IMF is yet to approve the release of $1.1 billion originally due to be disbursed in November last year, leaving Pakistan with only enough foreign exchange reserves to cover one month’s imports. Pakistan seeks help with $16 billion flood rebuilding at UN conference 2023-01-08T05:00:00Z Former Petrobras CEO Joaquim Silva e Luna, who also served under Bolsonaro, recalled Prates as a harsh opponent of the current fuel pricing policy which pegs local fuel to international prices and foreign exchange rates. Petrobras' next CEO seen overseeing strategic shift with renewables focus 2022-12-30T05:00:00Z "From among the currencies of 'friendly' countries, the yuan has the characteristics of a reserve currency to the greatest extent, as well as sufficient liquidity in our domestic foreign exchange market," he added. Permitted share of China's yuan in Russian wealth fund doubled to 60% -finmin 2022-12-30T05:00:00Z Egypt's central bank said on Monday it is taking all necessary actions to regulate the foreign exchange market and achieve monetary stability in the near future. Rwanda says Congo fighter jet briefly violated its air space 2022-12-28T05:00:00Z JPMorgan was already under a sentence of probation imposed in May 2015 for manipulating the foreign exchange market, to which the bank pleaded guilty to a conspiracy count. Column: Wells Fargo got slammed with a $3.7-billion penalty. So why doesn't it sound sorry? 2022-12-28T05:00:00Z Oil and gas executives said a complex economic environment - inflation heading towards 100% and tough capital controls limiting access to foreign exchange - was a drag on investment. Analysis: Argentina's Vaca Muerta shale boom is running out of road 2022-12-27T05:00:00Z Rajapaksa's administration also resisted help from the IMF, meaning foreign exchange reserves dwindled, worsening fuel and medicine shortages. India makes inroads into Sri Lanka under China's long shadow 2022-12-27T05:00:00Z "There have been positive signals on the foreign exchange market that allow the central bank to continue its purchases of foreign currencies," its deputy governor, Dao Minh Tu, told a news conference, without elaborating. Vietnam c.bank buys dollars to shore up reserves after selloff 2022-12-27T05:00:00Z Nepal also faces dwindling foreign exchange reserves, with an increasing dependence on imports of basic goods. Nepal's new govt seeks to balance its ties with India, China in growth pursuit 2022-12-26T05:00:00Z On the unofficial foreign exchange market, the U.S. dollar sold for as much as 400,500 rials on Friday, slightly down from an all-time high of 401,000 on Thursday, according to foreign exchange site Bonbast.com. Prominent Sunni cleric denounces Iran crackdown, currency near record low 2022-12-23T05:00:00Z Pakistan is struggling to meet its external financing obligations in the face of low foreign exchange reserves that are barely enough to cover a month of imports. Pakistan signs $475 mln flood loan deal with ADB 2022-12-15T05:00:00Z Fears of an economic slowdown could trigger some rotation of bond investments from Europe or the U.S. into Asia, according to DBS foreign exchange and credit strategist Chang Wei Liang. Investors see returns in depressed Asian dollar bonds, but risks too 2022-12-14T05:00:00Z Vietnam does not provide regular disclosure on the size of its foreign exchange reserves. Vietnam c.bank buys dollars to shore up reserves after selloff 2022-12-27T05:00:00Z The exchange rate also is under pressure and Ghana has lost access to international capital markets, provoking a drawdown in foreign exchange reserves, she said. IMF agrees to give Ghana $3 billion debt bailout 2022-12-13T05:00:00Z In response to a currency crash a year ago, authorities adopted a policy of tightly controlling foreign exchange, and officials expect the lira to remain steady well into 2023. Turkey jobless rate rises ahead of tight election for Erdogan 2022-12-12T05:00:00Z Russians account for the largest number of tourists, a source of foreign exchange to help support the sinking value of the Turkish lira. Turkey Is Strengthening Its Energy Ties With Russia 2022-12-09T05:00:00Z The victims were directed to both fraudulent and legitimate investment applications that dealt in foreign exchange and cryptocurrency, which were manipulated to show a false positive return on investments. Australia charges four Chinese nationals over U.S.-based scam 2022-12-08T05:00:00Z In foreign exchange markets the dollar was seeking to steady after excitement about a slowdown in U.S. rate hikes have knocked it from the year's highs. Stocks rally sputters as growth fears resurface 2022-12-07T05:00:00Z Adjusting prices country by country and managing foreign exchange rates will be made easier, Apple said. Apple Expands Pricing for Apps 2022-12-06T05:00:00Z That sum represents close to 30% of Nigeria's foreign exchange reserves, which stood at $37 billion at the end of November. Nigeria's $11 bln London trial will expose corruption, court hears 2022-12-02T05:00:00Z Holding such a large amount of money in dollars could violate foreign exchange control laws. Cyril Ramaphosa: South African president faces threat of impeachment over 'Farmgate' 2022-11-30T05:00:00Z Pakistan has been reeling from floods this year that killed more than 1,700 people, destroyed farmland and infrastructure and exacerbated an economic crisis marked by decades-high inflation and dwindling foreign exchange reserves. Pakistan, IMF begin talks on $7 billion loan review 2022-11-28T05:00:00Z Using gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products, he explained. Ghana plans to buy oil with gold instead of U.S. dollars 2022-11-24T05:00:00Z The island nation has been grappling with low foreign exchange reserves for most of the year and has struggled to pay for essential imports. Sri Lanka central bank holds rates steady, says mkt interest rates must fall 2022-11-24T05:00:00Z The rouble is supported by a month-end tax period in which exporters usually convert foreign exchange revenue into roubles to pay domestic liabilities. Rouble pares early losses to hover around 61 to the dollar 2022-11-22T05:00:00Z A key part of the plan is to cut greenhouse gas emissions and reduce the nation's dependence on imported fossil fuels, which account for 40% of the country's foreign exchange expenditure. Rwanda's electric vehicle push has a faltering start 2022-11-21T05:00:00Z The Swiss fund's statues indicate that disbursements will be for macroeconomic purposes, such as foreign exchange rate and price stabilisation. Swiss-based trust fund for frozen Afghan assets meets in Geneva 2022-11-21T05:00:00Z "We've now got a much more balanced financial markets business than we had before, from macro trading to foreign exchange to global credit markets," said Cooper. StanChart sees Asia, Middle East as bright spots in weak global economy 2022-11-21T05:00:00Z They applied using fake identities or names belonging to dead or elderly people and foreign exchange students, prosecutors said. Ringleaders in massive COVID fraud extradited to US 2022-11-18T05:00:00Z They stole the identities of foreign exchange students and dead people. Fugitive perps in brazen $20 million COVID fraud extradited from Montenegro to L.A. 2022-11-18T05:00:00Z Among other things, the Whitlam government dragged its feet on granting licences for Murdoch's venture into bauxite mining, before devaluing the Australian dollar, costing the media magnate in his foreign exchange dealings. Trump not first politician to be ditched by Rupert Murdoch 2022-11-16T05:00:00Z Weerasinghe said Sri Lanka needed to stop depending on debt for its financing requirements and implement measures to bring in foreign exchange. Sri Lanka must implement budget proposals to avoid return to crisis 2022-11-15T05:00:00Z "These countries have high inflation, linked to weak foreign exchange. That shows up in Unilever's foreign exchange translation losses that are much bigger," he said. Analysis: Unilever leads pack on price rises as consumer goods industry squeezed 2022-11-14T05:00:00Z The Treasury Department has also been critical of China for obfuscating its foreign exchange practices. Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20 2022-11-12T05:00:00Z But rising energy and food prices, sparked by Russia's invasion of Ukraine, along with shrinking foreign exchange reserves, have swelled its import bill and current account deficit. IMF agrees $4.5 billion Bangladesh support programme 2022-11-10T05:00:00Z Soaring inflation, a weakening currency and low foreign exchange reserves have left the island of 22 million people struggling to pay for import essentials such as food, fuel and medicine. Sri Lanka's 2023 budget aims to put crisis-hit economy back on track 2022-11-10T05:00:00Z Its assets under management fell 2% from the prior quarter to $369 billion owing to asset sales and the impact of foreign exchange transactions that was offset by fundraising. Carlyle's Q3 earnings drop 12% on slower asset divestments 2022-11-08T05:00:00Z The U.S. dollar was selling for as much as 362,100 rials on the unofficial market on Saturday, after losing nearly 12% of its value since the protests started, according to foreign exchange website Bonbast.com. President Raisi says Iran thwarted U.S. destabilisation 2022-11-05T04:00:00Z In a report on global foreign exchange practices this past week, the United States kept China on its list of countries that it watches closely. Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20 2022-11-12T05:00:00Z The country' foreign exchange reserves had dwindled to $35.74 billion by Nov. 2 from $46.49 billion a year ago, central bank data showed. IMF agrees $4.5 billion Bangladesh support programme 2022-11-10T05:00:00Z Nigeria, which gets roughly 90% of its foreign exchange from oil, is struggling to produce due to pipeline theft and years of underinvestment. Emirates suspends Nigerian flights again over trapped ticket sales 2022-11-03T04:00:00Z The increase was driven mainly by a 14.7% rise in global markets revenues, with market volatility boosting in particular trading in commodity derivatives, rates, foreign exchange and emerging markets. BNP Paribas profit tops forecast despite higher costs, debt markdown 2022-11-03T04:00:00Z For years Venezuela's manufacturing sector grappled with controls on foreign exchange and prices which hampered output, as well as hyperinflation and a lack of financing. Venezuela's long-suffering manufacturers face new challenge: Colombian imports 2022-11-02T04:00:00Z “China’s failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism make it an outlier among major economies and warrants Treasury’s close monitoring,” the report said. Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20 2022-11-12T05:00:00Z "The business environment is changing dramatically such as the rapid changes of foreign exchange rates, raising interest rates, soaring materials prices, and more," Toyota's chief accounting officer Masahiro Yamamoto told analysts. Toyota posts 25% profit slide, cuts FY output target to 9.2 mln 2022-11-01T04:00:00Z As Asian emerging economies are forced to raise rates to avoid rapid capital outflows, a "judicious" use of foreign exchange intervention could help ease the burden on monetary policy in some countries, the IMF said. IMF cuts Asia's economic forecasts as China's slowdown bites 2022-10-28T04:00:00Z Taking out the impact of changes in foreign exchange rates, Amazon says sales increased 19%. Amazon stock has double-digit drop as it prepares to ‘tighten its belt’ 2022-10-27T04:00:00Z "We did better than we anticipated, in spite of the fact that foreign exchange was a significant negative for us," said Chief Financial Officer Luca Maestri. Apple earnings rise as economic gloom hits tech 2022-10-27T04:00:00Z Pinterest said it was expecting revenue growth in mid-single-digit percentage in the current quarter, due to slightly greater foreign exchange headwinds than in the third quarter. Pinterest shares surge as return to user growth drives revenue beat 2022-10-27T04:00:00Z The company said the bottom line was affected by foreign exchange losses, which reached a total 738 million reais in the quarter. Brazil airline Gol narrows Q3 net loss on record revenue 2022-10-27T04:00:00Z “The here and now is: Everyone is worried about foreign exchange interventions,” said George Goncalves, the head of U.S. macro strategy at the Japanese bank MUFG. A Rising Dollar Is Hurting Other Currencies. Central Banks Are Stepping In. 2022-10-27T04:00:00Z The company on Tuesday forecast current-quarter sales below Wall Street estimates after missing third-quarter earnings expectations, dented by higher operating costs and a hit from foreign exchange rates. Skechers says escorted Ye out of LA office after rapper arrived 'unannounced' 2022-10-26T04:00:00Z The rouble has been buttressed in recent sessions by a month-end tax period when exporters convert foreign exchange revenues into roubles to pay domestic tax liabilities. Rouble pares losses as finance ministry holds OFZ bond auctions 2022-10-26T04:00:00Z State banks in China usually trade on behalf of the People's Bank of China in the foreign exchange market, but they could trade on their own behalf or execute orders for their corporate clients. Chinese state banks sold dollars to support yuan late on Tuesday - sources 2022-10-26T04:00:00Z In the meantime global equity and bond markets are in disarray while the U.S. dollar is at a multi-decade peak in foreign exchange markets based on U.S. rate expectations. Global economy approaching a recession, central banks unchained: Reuters poll 2022-10-26T04:00:00Z Excluding the impact of foreign exchange, the company said its revenue in the quarter would have been flat. Bristol Myers Q3 sales fall on Revlimid, forex pressure 2022-10-25T04:00:00Z The rouble has been buttressed by a month-end tax period that usually sees export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. Rouble edges lower as end of tax payments period approaches 2022-10-25T04:00:00Z China's foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources with direct knowledge of the matter told Reuters. EXCLUSIVE China FX regulator surveys banks about positioning as yuan plunges - sources 2022-10-25T04:00:00Z Unprecedented Western sanctions have frozen around half of Russia’s gold and foreign exchange reserves, which stood near $640 billion before Moscow sent troops into Ukraine on Feb. 24. Kremlin accuses West of having "essentially stolen" gold, forex reserves via sanctions 2022-10-24T04:00:00Z "We absolutely cannot tolerate excessive moves in the foreign exchange market based on speculation," Suzuki told reporters at the finance ministry. Japan finmin declines to say whether govt intervened to prop up yen 2022-10-23T04:00:00Z Their share prices on foreign exchanges have plunged due to uncertainty about their future. China’s Xi expands powers, promotes allies 2022-10-23T04:00:00Z Other sources described Yin as well-positioned to replace Yi, given his status as a rising star and his previous experience at the central bank, the foreign exchange regulator and Beijing government. China central bank head likely to step down amid reshuffle - sources 2022-10-22T04:00:00Z Instead, Massmart's units outside South Africa struggled with foreign exchange risk, tricky regulatory environments and macroeconomic volatility. Walmart doubles down on Africa despite a decade of frustration 2022-10-21T04:00:00Z State banks usually trade on behalf of the central bank in China's foreign exchange market, but they can also trade for their own purposes or execute orders for corporate clients. Yuan falls to lowest since 2008 global crisis, despite state bank support 2022-10-21T04:00:00Z The rouble is buttressed by a month-end tax period that usually sees export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. Russian rouble treads water near 62 vs dollar 2022-10-20T04:00:00Z Last month, Japan intervened in the foreign exchange market to buy yen for the first time since 1998, in an attempt to shore up the battered currency. Asia stocks slide as investors lose risk appetite, yields rise 2022-10-20T04:00:00Z The blossoming of parallel foreign exchange rates has gained pace in recent weeks, becoming the target of memes online, one calling the array a "tutti-frutti". In Argentina, controls spawn soybean and 'Netflix' currency rates 2022-10-19T04:00:00Z Man Group, which also reported a negative foreign exchange impact of $4.5 billion, posted AUM of $138.4 billion as at Sept. 30, compared with $142.3 billion at the end of June. UK fund managers suffer asset declines on shaky markets 2022-10-19T04:00:00Z The company reaffirmed its guidance for full-year revenues to be flat or grow by a "low-single digit" percentage, when excluding foreign exchange effects. Roche sales decline more than expected as COVID products slide 2022-10-18T04:00:00Z Export-focused firms usually convert foreign exchange revenues into roubles to pay domestic liabilities, which supports the Russian currency. Russian rouble hovers near 62 vs dollar as tax period begins 2022-10-17T04:00:00Z A third source noted that the state banks' trades appeared to be managed so that the country's closely-watched $3 trillion foreign exchange reserves will not be tapped for intervention. EXCLUSIVE China's state banks seen acquiring dollars in swaps market to stabilise yuan - sources 2022-10-17T04:00:00Z When asked about the yen's recent sharp declines, the BOJ deputy governor said: "When it comes to foreign exchange fluctuations right now, it's clearly too rapid and too one-sided." BOJ's Wakatabe says yen's recent fluctuations too rapid, one-sided 2022-10-15T04:00:00Z "Specifically, foreign exchange intervention should not substitute for warranted adjustment to macroeconomic policies," the two wrote as global finance officials gathered in Washington for the IMF and World Bank's annual meetings. Avoid fx intervention if currency weakness is due to fundamentals, IMF economists say 2022-10-14T04:00:00Z The business leaders criticized government's efforts to rein in price spikes, which include foreign exchange interventions, as well as some trade barriers. Argentine executives expect already sky-high inflation to go higher 2022-10-14T04:00:00Z September inflation data will be released, and when central banks around the world will have a clearer idea if they will need to wade into the foreign exchange market to support their currencies. The final countdown 2022-10-12T04:00:00Z "We are closely watching foreign exchange moves with a high sense of urgency, and ready to take appropriate steps on excess moves," Chief Cabinet Secretary Hirokazu Matsuno told reporters. Japan warns against yen sell-off, eyes intervention 2022-10-12T04:00:00Z The appropriate policy for most was prioritizing monetary policy for price stability, letting currencies adjust and "conserving valuable foreign exchange reserves for when financial conditions really worsen." IMF cuts 2023 growth outlook amid colliding global shocks 2022-10-11T04:00:00Z Most foreign exchange reserves are held in dollars, and more global trade is transacted using dollars than any other currency. The Mixed Blessing of a ‘Strong Dollar’ 2022-10-07T04:00:00Z At the same time, expectations of a rising buck make dollar-denominated assets more attractive to foreign investors by assuaging fears of a possible foreign exchange hit when they convert assets back into their home currency. Analysis: Dollar's gains spell earnings pain for U.S. companies 2022-10-07T04:00:00Z "The government will strengthen the safety valve by taking steps to improve the dollar supply-demand situation on the foreign exchange market," a presidential office statement quoted Yoon as saying at a meeting of economy ministers. South Korea's won steadies as Yoon promises to help stabilise markets 2022-10-07T04:00:00Z More gains are in store for the unstoppable dollar, according to a Reuters poll of foreign exchange strategists. Morning Bid: Runaway oil 2022-10-06T04:00:00Z As Sri Lanka’s foreign exchange reserves dwindled, shortages of essentials such as fuel, medicine and cooking gas deepened. Amnesty: Creditors should provide debt relief to Sri Lanka 2022-10-05T04:00:00Z India and Thailand have spent more than 10 percent of their reserves on interventions this year, spending $75 billion and $27 billion in the foreign exchange markets, according to estimates from Nomura Holdings. Businesses Brace for Currency Chaos in Asia, a Region With a History of Crisis 2022-10-04T04:00:00Z Sharma said a ban on the import of cars, liquor, and mobile telephones could soon be lifted following an increase in foreign exchange reserves. Nepal coalition to aim for growth if returned to power, finance minister says 2022-10-03T04:00:00Z The finance ministry said in a statement released after the meeting that it would prepare to have tools ready for the authorities to supply foreign exchange liquidity to financial institutions if needed. South Korea's won steadies as Yoon promises to help stabilise markets 2022-10-07T04:00:00Z India's foreign exchange reserves fell to $537.52 billion in the week through Sept. 23, notching their steepest weekly fall in six months, the Reserve Bank of India's weekly statistical supplement showed on Friday. India scrambles fighter jets after report of bomb scare on flight from Iran 2022-10-03T04:00:00Z For months now, Pakistan has been experiencing inflation, the shrinking of foreign exchange reserves and prices of basic goods soaring to record levels. In Pakistan, 33 million people have been displaced in floods 2022-10-01T04:00:00Z Dwindling foreign exchange reserves to fund imports have intensified Sri Lanka’s crisis, causing shortages in essentials in a further blowout in the cost of living. Sri Lanka's key inflation rate surges to record, keeps central bank pressured 2022-09-30T04:00:00Z Sharma said the government had taken measures to conserve falling foreign exchange reserves and avoid the sort of economic crisis seen in one South Asian neighbour. Nepal coalition to aim for growth if returned to power, finance minister says 2022-10-03T04:00:00Z “The rupee has fared better than many other currencies” and the Reserve Bank Of India’s foreign exchange reserves umbrella remains strong, he said. India raises interest rate to 5.90% to tame inflation 2022-09-29T04:00:00Z "Headwinds from foreign exchange shifted significantly in the last 90 days as the trend of US dollar strengthening has accelerated," Nike's finance chief Matthew Friend said. Nike feels squeeze from strong dollar and discounts 2022-09-29T04:00:00Z China’s central bank said on Wednesday that stabilising the foreign exchange market is the top priority, and warned against one-way currency bets. China forex regulator warns against illegal money outflows 2022-09-30T04:00:00Z Nike had said it expects foreign exchange headwinds of about 400 basis points to weigh on its full-year revenue outlook. Nike quarterly profit falls as costs soar 2022-09-29T04:00:00Z Treasury to intervene to buoy the battered pound or yen, with officials expressing no urgency to act, a stance foreign exchange market experts say is likely to hold unless much wider market disruptions develop. Analysis: U.S. has no appetite to intervene on behalf of falling pound, yen 2022-09-29T04:00:00Z Underscoring policymakers’ worries over damage to growth from the sliding yen, authorities intervened in the foreign exchange market last week to prop up the yen for the first time since 1998. Japan considers steps to help with utility bill burden 2022-09-29T04:00:00Z Also this week, the central bank said financial institutions must increase their foreign exchange risk reserves for purchasing currencies through forward contracts, a move that makes bets against the yuan more expensive. China's yuan unlikely to continue rapid depreciation -state media 2022-09-29T04:00:00Z The IMF also recommended that the bank enhance its disclosures in the case of intervention in the foreign exchange markets. Bank of Canada to start releasing rate decision summaries next year 2022-09-28T04:00:00Z Taiwan has never implemented foreign exchange controls and foreign exchange management measures are sufficient to maintain financial market stability, it added. Taiwan central bank says it will not adopt foreign exchange control measures 2022-09-28T04:00:00Z The minister is most famous for strong-arming the central bank to liberally inject foreign exchange into the market to prop up the rupee. Pakistan finance minister known for propping up rupee in earlier stints 2022-09-28T04:00:00Z Dollar strength also prompted the Japanese government last week to intervene in foreign exchange markets for the first time since 1998 to support the yen. British pound falls to all-time low against dollar after taxes slashed 2022-09-26T04:00:00Z Trading in tumultuous foreign exchange markets is akin to being in a casino right now, according to some traders navigating markets that have been whipsawed as central banks and governments try to right their economies. Analysis: Whipsawed forex traders say currency moves 'remarkable', resemble casino 2022-09-27T04:00:00Z The Bank of Canada said providing more information was not a "priority," in part because the bank has not intervened on the foreign exchange markets since 1998. Bank of Canada to start releasing rate decision summaries next year 2022-09-28T04:00:00Z If another U.S. rate hike causes a large outflow of foreign capital, the bank said it has sufficient capacity to respond to fluctuations in the foreign exchange market. Taiwan central bank says it will not adopt foreign exchange control measures 2022-09-28T04:00:00Z The People's Bank of China will from Wednesday raise foreign exchange risk reserves for financial institutions when purchasing FX through currency forwards to 20% from the current zero. Morning Bid: Unstable cable 2022-09-26T04:00:00Z John Hardy, head of foreign exchange strategy at Saxo Bank, said the pound was sliding because the government’s math isn’t reassuring investors. British pound falls to all-time low against dollar after taxes slashed 2022-09-26T04:00:00Z The yen remains near a 24-year low against the greenback, despite Japanese monetary authorities last week intervening in the foreign exchange markets to boost the battered currency for the first time since 1998. Analysis: Whipsawed forex traders say currency moves 'remarkable', resemble casino 2022-09-27T04:00:00Z Li expects further cuts to the amount of foreign exchange banks must hold as reserve, after a reduction earlier this month. China's yuan hits 28-month low despite fresh policy step, nears daily down-limit 2022-09-26T04:00:00Z "The bank will not adopt foreign exchange control measures," it added. Taiwan central bank says it will not adopt foreign exchange control measures 2022-09-28T04:00:00Z Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998. Dollar stands alone as rate hikes rattle stocks 2022-09-25T04:00:00Z The rate at which investors swap currencies also determines what rate people get at the bank, post office or foreign exchanges. Exchange rates: Why has the value of the pound tumbled? 2022-09-23T04:00:00Z George Saravelos, Deutsche Bank’s global head of foreign exchange research, warned in a client note this morning that “sterling is in danger” of falling further. Zelensky Asks Businesses to Join a ‘Marshall Plan’ for Ukraine 2022-09-23T04:00:00Z Sri Lanka is facing its worst economic crisis in decades, with severely depleted foreign exchanges reserves leading to prolonged shortages of essentials, including fuel and food. Japan to support Sri Lanka's debt restructuring negotiations 2022-09-23T04:00:00Z In its statement, the bank noted Taiwan's large foreign exchange reserves, sound balance of payments, trade surplus and very low foreign debt levels. Taiwan central bank says it will not adopt foreign exchange control measures 2022-09-28T04:00:00Z Currency prices were rattled after Japan intervened in the foreign exchange market to buy yen for the first time since 1998. Peaks, valleys and milestones 2022-09-22T04:00:00Z Years of economic mismanagement and the fallout of the COVID-19 pandemic have pushed foreign exchange reserves to record lows in the worst economic crisis in more than seven decades. Factbox: Sri Lanka set to begin talks to restructure debt of $30 bln 2022-09-22T04:00:00Z Sept 22, 2022 - The Japanese government intervened in the foreign exchange market to sell dollars for yen to stem the Japanese currency's recent sharp falls, top currency diplomat Masato Kanda said. History of Japan's intervention in currency markets 2022-09-22T04:00:00Z The report also says that effective sanctions should target the military’s access to foreign currency, yet only Canada has sanctioned the Myanma Foreign Trade Bank, despite it being the primary foreign exchange intermediary. UN-appointed expert says better sanctions on Myanmar needed 2022-09-22T04:00:00Z The Japanese government has intervened in the foreign exchange market to sell dollars for yen to stem the Japanese currency's recent sharp falls, top currency diplomat Masato Kanda said on Thursday. Japan intervened in forex market to stem weak yen - top currency diplomat Kanda 2022-09-22T04:00:00Z Kanda declined to comment, when asked whether authorities conducted rate checks in the foreign exchange market. Japan 'most certainly' will intervene in FX market if needed -top FX diplomat 2022-09-22T04:00:00Z Despite the disaster, Ismail said that most stabilisation policies and targets were still on track, including increasing dwindling foreign exchange reserves. Pakistan will 'absolutely not' default on debts despite floods: FinMin 2022-09-19T04:00:00Z Foreign investors continued to exit Chinese bonds last month and, with the yuan falling, China's foreign exchange regulator on Friday urged companies not to speculate on the currency. About that 'hurricane'... 2022-09-16T04:00:00Z Japan's Finance Minister Shunichi Suzuki said on Friday he would not rule out any options in taking action in the foreign exchange market if sharp weakening in the yen persisted. Japan signals readiness to act in FX market if sharp yen volatility persists 2022-09-16T04:00:00Z In late July, the company reported a steep second-quarter net loss mainly due to foreign exchange variations. Brazil airline Gol to pay $41 mln to resolve U.S., Brazil bribery probes 2022-09-15T04:00:00Z Brazil's Economy Ministry is studying a target for the country's substantial foreign exchange reserves, two sources told Reuters, as inflation remains the top concern of voters ahead of a presidential election. U.S. tech-focused hedge funds brace for heavy losses amid market slide 2022-09-15T04:00:00Z "We don't take our decisions, especially mid- and long-term decisions based on the foreign exchange rate," he said. Foreign exchange doesn't determine long-term planning, Nissan COO says 2022-09-15T04:00:00Z Employees of the foreign exchange trading company Gaitame.com are reflected on monitors displaying the Japanese yen exchange rate against the U.S. dollar at its dealing room in Tokyo, Japan September 7, 2022. Japan's solo FX intervention won't be that effective - ruling party official 2022-09-15T04:00:00Z The central bank, which is autonomous from the federal government, has said that it only operates in the foreign exchange market when it identifies sharp volatility. Brazilian ministry plans target for foreign reserves -sources 2022-09-14T04:00:00Z Employees of the foreign exchange trading company Gaitame.com work in front of monitors displaying the Japanese yen exchange rate against the U.S. dollar at its dealing room in Tokyo, Japan September 7, 2022. Explainer: What would Japan's currency intervention to combat a weak yen look like? 2022-09-14T04:00:00Z Ethiopians are experiencing the highest inflation in a decade, foreign exchange restrictions and mounting debt amid reports of massive government spending on the war effort. Ethiopia’s economy struggles as war reignites in Tigray 2022-09-13T04:00:00Z Sri Lanka is in the throes of its worst financial crisis in seven decades, leaving it with paltry foreign exchange reserves to pay for critical imports of fuel, food and medicine. Lazard in talks with China, India, Japan on Sri Lanka debt 2022-09-13T04:00:00Z The Central Bank over a year ago announced it would gradually lift fuel subsidies, to slow down the draining of its foreign exchange reserves. Lebanon: Central Bank lifts all expensive fuel subsidies 2022-09-12T04:00:00Z Lula has said he will not touch the country's foreign exchange reserves if elected. Brazilian ministry plans target for foreign reserves -sources 2022-09-14T04:00:00Z On Friday, the central bank refused a request from banks to hold foreign exchange instead of long-term lira bonds. EXCLUSIVE Flurry of new rules leave Turkish banks struggling to lend -sources 2022-09-12T04:00:00Z Poll participants also expected the average official exchange rate in Argentina in December to reach 170.11 pesos per U.S. dollar, though Argentine traders have increasingly turned to black market foreign exchange. Argentina's inflation rate expected to hit 95% this year 2022-09-09T04:00:00Z The central bank on Monday said it would cut the amount of foreign exchange reserves financial institutions must hold, a move aimed at slowing the yuan’s recent depreciation. China's trade falters as demand wanes at home and abroad 2022-09-07T04:00:00Z Western sanctions on Russia over its actions in Ukraine have cut Moscow off from the global financial system and from nearly half of its $640 billion in gold and foreign exchange reserves. Russia's VTB: Capitalisation of banking sector likely not needed 2022-09-07T04:00:00Z For months, no kerosene was available at all in Mannar as the country's foreign exchange reserves dried up and it was unable to import crude for its refineries. No kerosene, no food, Sri Lanka's fishermen say 2022-09-07T04:00:00Z Tuesday's announcement comes at a time when Bangladesh has sought loans from global agencies, including the International Monetary Fund, prompted by its dwindling foreign exchange reserves caused by rising import bills. India to start economic partnership talks with Bangladesh 2022-09-06T04:00:00Z But the bank suffered "significant losses" in the first half, said Kostin, due to a combination of assets frozen abroad, sanctions and open foreign exchange positions. Russia's VTB Bank back in profit, to lend in Chinese yuan 2022-09-06T04:00:00Z Until oil production began, gold and rice exports had dominated the country’s foreign exchange earnings. Guyana expects billion-dollar oil earnings this year 2022-09-05T04:00:00Z Based on end July data, when foreign exchange reserves stood at $953.7 billion, the lower requirements would free up around $19 billion. China c.bank to cut FX reserve ratio to help limit yuan weakness 2022-09-05T04:00:00Z Since 2003, Ms Setalvad has been accused in at least seven cases - allegations range from violating India's foreign exchange rules and embezzling funds raised from riot victims to coaching witnesses in the trials. Teesta Setalvad: India activist gets bail in 2002 Gujarat riots case 2022-09-02T04:00:00Z Such statements are intended to make traders cautious by implying that authorities are inclined to intervene in the foreign exchange market - for example, by selling dollars for yen to support the latter. Japan warns against volatility as yen slumps to 24-year low 2022-09-01T04:00:00Z Even before the floods, Pakistan faced a steep fall in foreign exchange because of soaring global commodity prices and a rise in the U.S. dollar. Pakistan reels from ‘apocalyptic’ floods, pleads for international aid 2022-08-30T04:00:00Z The government is also preparing to negotiate a restructuring of foreign loans Sri Lanka is unable to repay because of a severe foreign exchange shortage. Sri Lanka’s president to present relief budget amid crisis 2022-08-29T04:00:00Z China's central bank said on Monday it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan's recent depreciation. China c.bank to cut FX reserve ratio to help limit yuan weakness 2022-09-05T04:00:00Z A person with direct knowledge said the case relates to suspected violations of India's foreign exchange laws. India's CoinSwitch cooperating with financial crime agency probe -CEO 2022-08-27T04:00:00Z Oil production which is the country’s largest earner of foreign exchange has been far below the government’s projections this year. Emirates to suspend Nigeria flights over blocked funds 2022-08-18T04:00:00Z Nigeria gets about 90% of its foreign exchange from oil, but is struggling to produce due to pipeline theft and years of under-investment. Emirates to suspend Nigeria flights from September over trapped funds 2022-08-18T04:00:00Z A foreign exchange shortage has left the government struggling to pay for essential imports of fuel, fertilisers, food and medicine. Sri Lanka central bank holds rates steady; expects inflation to ease 2022-08-18T04:00:00Z The U.S. responded by freezing Afghanistan’s foreign exchange reserves in New York — $7 billion worth. Wall Street Doesn’t Hate This Spending Bill 2022-08-17T04:00:00Z By April, Sri Lanka's financial crisis had strangled the economy and, with foreign exchange reserves at record lows, Rajapaksa's government failed to procure enough fertiliser. Sri Lanka faces looming food crisis with stunted rice crop 2022-08-16T04:00:00Z Nigeria, Africa’s largest economy, is facing a crisis caused by a shortage of foreign exchange, despite being one of Africa’s largest exporters of crude oil. Emirates to suspend Nigeria flights over blocked funds 2022-08-18T04:00:00Z The suspension of most international aid and the freezing of access to Afghanistan's foreign exchange reserves has had serious economic consequences for the country. Afghanistan: What's changed a year after Taliban return 2022-08-14T04:00:00Z Wix noted the estimates included the impact of closing operations in Russia, an assumption that market conditions would remain challenging for the remainder of the year, and foreign exchange effects due to a stronger dollar. Website creator Wix.com to cut costs amid slower global growth 2022-08-10T04:00:00Z The U.S. dollar has been the dominant currency for Indian commodity imports, traders said, and the greenback makes up most of the country's foreign exchange reserves. EXCLUSIVE Indian companies swapping dollar for Asian currencies to buy Russian coal 2022-08-10T04:00:00Z The company's international business, which makes up roughly 40% of its sales, was hit by foreign exchange headwinds, Glazer said. Palantir forecast cut, surprise loss send shares down 15% 2022-08-08T04:00:00Z The country's foreign exchange reserves stood at $39.67 billion as of Aug. 3, sufficient to cover only about five months of imports and down from $45.89 billion a year earlier. Bangladesh announces fuel prices jump, stokes inflation fears 2022-08-06T04:00:00Z Nepal's government said on Thursday it will hold a parliamentary election on November 20 amid concerns over high inflation and depleted foreign exchange reserves that have led to rising food and energy prices. White House says U.S. has nothing to rectify over Taiwan 2022-08-05T04:00:00Z Sri Lanka, whose foreign exchange reserves are largely exhausted, is seeking “bridge financing” to be able to buy fuel and other essential supplies to keep the economy running. Sri Lankans bide time as leaders seek fix for economic woes 2022-08-01T04:00:00Z Amid similar foreign exchange restrictions in 2016, several airlines reduced flights and carriers Iberia and United Airlines stopped flying to Nigeria altogether. Emirates plans to reduce Nigeria service due to trapped revenue - letter 2022-08-01T04:00:00Z “Unlocking ports will provide at least $1 billion in foreign exchange revenue to the economy and an opportunity for the agricultural sector to plan for next year,” Kubrakov said. First ship carrying Ukrainian grain leaves the port of Odesa 2022-08-01T04:00:00Z The Himalayan nation is experiencing its highest inflation in six years and foreign exchange reserves have been dwindling fast with soaring import costs for essential goods. Former Maoist commander reinstated as Nepal's finance minister 2022-07-31T04:00:00Z Multiple Pakistani government sources told Reuters on the condition of anonymity that Bajwa asked the U.S. to help speed up the release with Pakistan faced with dwindling foreign exchange reserves and a free-falling currency. Crisis-hit Pakistan's army chief seeks U.S. help in quick release of IMF funds - sources 2022-07-29T04:00:00Z Sri Lanka is facing its worst economic crisis in seven decades, unable to pay for essential imports such as fuel and medicine due to a severe shortage of foreign exchange. Hefty losses at foreign funds with holdings in Sri Lankan equities 2022-07-29T04:00:00Z Some Asian countries might need to tap measures such as foreign exchange interventions and capital controls to combat any sharp outflow of funds, he added. Some Asia economies may need rapid rate hikes to cool inflation-IMF 2022-07-29T04:00:00Z But elsewhere, the company’s numbers sagged: Mac revenues were down by 10 percent — a drop that CEO Tim Cook attributed to supply chain constraints and unfavorable foreign exchange rates. Apple says Mac sales are getting hit hard by supply constraints 2022-07-28T04:00:00Z The country’s foreign exchange reserves shrunk $7.5 billion in the week that ended July 15, more than 6 percent less than the same period last year, according to central bank data. Bangladesh Seeks I.M.F. Loan as Inflation Rocks South Asia 2022-07-27T04:00:00Z These latest results arrive after Microsoft was forced to lower its guidance for this quarter in June, and the company cited unfavorable foreign exchange rates. Xbox and Windows fall in Microsoft’s $51.9 billion quarter 2022-07-26T04:00:00Z Pakistan is struggling with falling foreign exchange reserves, a widening current account deficit and a sharply depreciating currency. Pakistan court hands power to ousted premier Khan's ally in key province 2022-07-26T04:00:00Z |
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