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Cemex Analyst Calls Spurned as Investors Flee Currency Decline

Stock pickers recommend Cemex SAB more than any other company on Mexico’s benchmark index. Investors couldn’t disagree more with that advice. The largest cement maker in the Americas is poised for its biggest monthly decline in four years, punished by a US currency surge that makes the company’s dollar-denominated debt more expensive to repay. That’s […]

Trader Talk in Currency-Rigging Suit Draws Scrutiny From U.S.

Investors’ pursuit of the world’s biggest banks in a civil lawsuit over currency trading reveals details about trader conduct that has also drawn the scrutiny of US prosecutors, according to documents and people with knowledge of the matter. Portions of the complaint that had been blacked out at the request of federal prosecutors were made […]

UPDATE 3-Bank of Canada holds rates steady as currency worries weigh

(Recasts with Poloz comment from news conference) By Randall Palmer and Leah Schnurr OTTAWA Jan 20 The Bank of Canada decided not to cut interest rates on Wednesday but admitted it was not an easy call, as concern about a rapid decline in the currency clashed with an economic slump. With a rate cut certain […]

China Mulls Answer to Bitcoin With Digital Currency Study

China’s central bank said it is studying the prospects of issuing its own digital currency and aiming to roll out a product as soon as possible, contending that alternative payment systems can improve the efficiency of global transactions. The People’s Bank of China set up a research team in 2014 to study digital currencies and […]

FamilyMart stores to offer currency exchange

FamilyMart Co. said Wednesday it will start installing currency exchange machines in its stores in Japan from February in a bid to cater to foreign tourists. The convenience store chain will place the automated machines in four stores in Tokyo on Feb. 1 and have them operational at 1,000 outlets by fiscal 2020. The stores […]

Loonie falls to ‘least favourite currency’ of 2016 for Australian bank strategist

When currency strategist Ray Attrill arrived in Toronto last month, he was feeling quite positive about the Canadian dollar. After meetings with investors and economists, his view changed. “You know what? The Canadian dollar is my least favourite currency in 2016,” Mr. Attrill, National Australia Bank Ltd.’s global co-head of foreign-exchange strategy, said from Sydney. […]

Bruker Poised on Strategic Initiatives amid Currency Woes

On Oct 8, 2015, we issued an updated research report on Massachusetts-based Bruker Corporation (BRKR – Analyst Report), which designs and manufactures proprietary life science and materials research systems and associated products. We are currently looking forward to the companys recent agreement to acquire Jordan Valley Semiconductors, which will enable the company to offer unique […]

Chinese Yuan Is Now Fourth Most Common Global Payment Currency, Behind US …

This photo illustration shows a Chinese 100-yuan note in Beijing on Aug. 25, 2015. China’s currency has surpassed the yen as the world’s fourth most common currency used for international payments. The US dollar and euro are used in more than half of all payments that cross international borders. Fred Dufour/Agence France-Presse/Getty Images

Finance Chiefs Promise to Avoid Currency Wars Amid Weak Recovery

Global finance chiefs pledged to refrain from competitive currencydevaluations as the world economy faces increased volatility. The International Monetary and Financial Committee reiterated its commitment to avoid all forms of protectionism and competitive devaluations, according to a statement released in Lima Friday. The IMF’s main policy committee represents 25 of the institution’s 188 member nations. […]

Weak Emerging Currency: Not Just The Fed, Goldman Says

By Dimitra DeFotis A dovish Fed Open Markets Committee outcome Thursday may provide a reprieve, but emerging market currency weakness is not just about the Fed, Goldman Sachs says. REUTERS A poster promoting currency¬†exchange services in Hong Kong. Here are some observations from Goldman: &“After the body blows of August, emerging market FX has experienced […]

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