The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is set […]
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Partners become central to SAP industry cloud business
SAP’s unfolding industry cloud strategy relies on relationships with a number of partners, continuing a historical pattern of collaboration in vertical markets. In March, SAP officials said partners will contribute 80% of the intellectual property for its industry cloud offering through co-innovation with the software company. That theme continued […]
Forex reserves dip to 7-month low as central bank sells greenbacks
Taipei, May 5 (CNA) Taiwan’s foreign exchange reserves at the end of April fell to the lowest in seven months as the central bank continued to cut its holdings of U.S. dollars in a bid to prevent further weakness of the local currency, the central bank said Thursday. Data compiled […]
Ecobank gets punished by Central Bank of Kenya for breaching forex regulation
Business Insider Africa gathered that Kenya’s apex bank took the decisive action after discovering that the lender had flouted forex regulations. The suspension will start from today and end on April 4th, 2022. According to The East African, Kenyan banks are required to adhere to a rule which requires them […]
Czech central banker favours rate hikes to wider FX sales to stem inflation
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A man holds an umbrella in front of the Czech National Bank in Prague, Czech Republic, August 3, 2017. REUTERS/David W Cerny Register now for FREE unlimited access to Reuters.com Register PRAGUE, March 21 (Reuters) – The Czech central bank is likely to raise interest rates again on March 31 […]
Russian central bank hikes rate to 20% in emergency move, tells firms to sell FX
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Russian Rouble coins are seen in front of displayed descending stock graph in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Central bank raises key rate to 20% from 9.5% Moved aimed at addressing rouble, inflation Russia tells companies to sell […]