Day: March 8, 2018
Mexican peso, Canadian dollar jump on report countries will be exempt from tariffs
The Mexican peso and the Canadian dollar rose against the U.S. dollar on Thursday on the back of a report that said Canada and Mexico will be exempt from proposed tariffs on steel and aluminum imports. The peso traded 0.4 percent higher at 18.639 against the U.S. dollar, erasing earlier losses. The Canadian dollar jumped …
Mexican peso, Canadian dollar jump on report countries will be exempt from tariffsRead More
Research finds female analysts are more accurate, make bolder calls
Next time you follow an analyst recommendation, you may want to check if the analyst is male or female. A study published in the Journal of Accounting Research says that female analysts issue bolder and more accurate forecasts than their male counterparts. The author, Dr. Alok Kumar, came to this conclusion after examining over 2 …
Research finds female analysts are more accurate, make bolder callsRead More
‘Don’t overestimate’ Italy risk, pleads Amundi’s Perrier
The chief executive of Europe’s largest asset manager has launched a stringent defence of investment in its Italian business, despite increased worry about populist economic policy in Rome. Amundi’s shares plummeted 14% in mid-to-late May as the Northern League and Five Star Movement formed a coalition. The stock then underperformed peers such as Ashmore and …
‘Don’t overestimate’ Italy risk, pleads Amundi’s PerrierRead More
Bitcoin drops over increased scrutiny of exchanges, now down 18% over 2 days
Bitcoin fell again Thursday, bringing its two-day losses to more than 18 percent, after news of increased regulatory scrutiny of cryptocurrency exchanges. The cryptocurrency has fallen about 18 percent to $9,245 since Tuesday morning, when it traded north of $11,000. The cryptocurrency suddenly dropped further in midday trading reaching a low of $9,086, according to …
Bitcoin drops over increased scrutiny of exchanges, now down 18% over 2 daysRead More
Bitcoin drops over increased scrutiny of exchanges, now down 16% from high this week
Bitcoin fell again Thursday, bringing its losses from a high reached earlier in the week to greater than 15 percent, after news of increased regulatory scrutiny on cryptocurrency exchanges. The cryptocurrency fell about 7 percent to $9,825 over the last 24 hours on Coinbase. It reached a high for the week of $11,624 on Monday. …
Bitcoin drops over increased scrutiny of exchanges, now down 16% from high this weekRead More
Shahril takes charge of Khazanah
When Khazanah, Malaysia’s sovereign wealth investment vehicle, set about looking for a new managing director, it faced a problem: half the senior figures in public policy with any experience in finance had already been ousted. It settled upon one of the few public sector chief executives in Malaysia still standing with any credibility: Datuk Shahril …
Last-look guidance felt as market prepares for FX code deadline
This is partly the result of firms demonstrating their compliance with new last-look guidance, according to Kurt vom Scheidt, global head of FX at Saxo Bank – though faster market data also push the market in that direction. “Firms are keen to adhere to the code’s guidance on last look, especially when that is defined …
Last-look guidance felt as market prepares for FX code deadlineRead More
Uruguay, Brazil, Argentina, Venezuela exemplify LatAm’s diverse risk metrics
Latin American economic extremes: Uruguay is flying high while Venezuela is facing a backlash Enjoying more favourable economic conditions on the back of recovering commodity prices, LatAm’s average risk score has improved on an annual basis, bolstered by upgrades to Bolivia, Chile and Uruguay, extending long-term upward trends. Keeping pace with other world regions, LatAm …
Uruguay, Brazil, Argentina, Venezuela exemplify LatAm’s diverse risk metricsRead More
BOC Left Rates On Hold, More Concerned About US Trade Policy
As widely anticipated, BOC left the policy rate unchanged at 1.25% in March. The accompanying statement was more cautious than the previous one, over the trade outlook. Policymakers suggested that ‘trade policy developments are an important and growing source of uncertainty for the global and Canadian outlooks’, in addition to reiteration of the need for …
BOC Left Rates On Hold, More Concerned About US Trade PolicyRead More
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