The euro and the sterling hit new one-week highs on Friday, buoyed by Bank of England steps to reassure markets and hawkish signals from the European Central Bank as some calm returned to foreign exchange markets at the end of a wild week. The British currency was headed for its […]
FOREX-Euro, sterling plunge on dour business activity data, UK mini-budget
* Euro hits fresh 20-year low vs dollar * Sterling falls to new 37-year trough * Dollar index is at 20-year high * Dollar/yen higher on the day, but markets still cautious (Adds new comment, FX table, byline, NEW YORK dateline; bullets, updates prices) By Joice Alves and Gertrude Chavez-Dreyfuss […]
RBI: India’s forex reserves fell the most among emerging economies: Report
As the Reserve Bank of India (RBI) sold dollars to arrest the fall of the Indian Rupee, India’s forex reserves depleted the most among all emerging economies. Since the beginning of 2022, India’s reserves have fallen 13.88 per cent from $633.6 billion to $545.6 billion, according to a report […]
China forex regulator warns against illegal money outflows
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BEIJING, Sept 30 (Reuters) – China’s foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex transactions in authorities’ latest effort to stabilise the sliding yuan. The State Administration of Foreign Exchange (SAFE) listed 10 “typical” cases of misdeeds […]
NZ business sentiment is less dire RBNZ hint at rate cycle high
Business outlook is now -37.6, up 25.9 points higher than the June low Business outlook rose for a third month and at its fastest m/m pace since December 2020 Activity outlook rose from -4 to -1.8 (close to expansion) Import intentions expanded for a second month A ‘large improvement’ […]
Lauren Taylor Wolfe says it’s just too risky for investors to ignore ESG amid recent pushback
(Click here to subscribe to the Delivering Alpha newsletter.) According to Deloitte, global ESG assets under professional management could be worth $80 trillion by 2024. But this growth in popularity combined with a global energy crisis has the sector facing increasing polarization. Critics worry that capital dedicated to ESG investments will further […]
German Ifo business survey on the agenda in Europe today
The dollar continues to run hot in the new week as we carry over the same themes from last week. The most jarring move is seen in GBP/USD as the currency is down 3% on the day now to 1.0535, after having hit a low of 1.0357 earlier as the […]
Chicago mayor’s Invest South/West initiative gets slow start
Neighborhood-focused real estate investors credit Invest South/West with boosting Black-owned developers and construction firms that rarely get larger downtown work. Bigger-name developers including Related Midwest and Farpoint Development have also taken on Invest South/West projects, something planning officials hope will spark more private investment in the neighborhoods. But several developers […]
EAC states urged to lower forex and money transfer charges to boost trade
EAC states urged to lower forex and money transfer charges to boost trade NAIROBI, Kenya – The East African Business Council [EABC] has asked East African Community[EAC] states to lower the forex and money transfer charges as a way of stabilizing regional currencies and stabilizing the exchange rates within […]
Deere & Co. Stock: Decent Dividend Growth Investment (NYSE:DE)
Nicholas Smith Introduction As a dividend growth investor, I constantly seek new opportunities to acquire income-producing assets. I own dividend-paying shares, and as the interest rate climbs, the shares must offer a more attractive yield to compete with lesser-risk options. I try to find attractively valued companies and increase my […]