OFX Completes C$90m Acquisition of Canadian Corporate Foreign Exchange Business Firma Foreign Exchange Corporation (Firma)

Dayana Jones

SYDNEY–(BUSINESS WIRE)–OFX Group Limited (OFX) today announced it has completed its acquisition of Firma Foreign Exchange Corporation (Firma) for a total consideration of C$90m (A$98m). The transaction expands OFX’s capability and presence as a global foreign exchange and payments provider. OFX Chief Executive Officer and Managing Director, Skander Malcolm said: […]

Forex policy must go beyond exchange rate

Dayana Jones

Quiz question: Which was the last Indian crisis that led to sharp rupee weakness? Answer: The balance of payments crisis, back in 1991. After the crisis, which led to the devaluation of the rupee, there has been no crisis originating in India that has impacted the country’s external sector to […]