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…
Tag: Exchange
Forex policy must go beyond exchange rate
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…
Moneycorp Americas Enters Digital Asset Exchange Market as FX Liquidity Provider
PROVIDENCE, R.I.–(BUSINESS WIRE)–Moneycorp Americas, a world-leading payments services provider for banks, businesses, and consumers, is today announced as an FX liquidity provider for Digital Asset Exchanges (DAXs) around the world.…
Northern Trust Announces Leadership Changes to Front Office Solutions and Global Foreign Exchange Businesses
CHICAGO–(BUSINESS WIRE)–Northern Trust today announced the appointments of John Turney as Global Head of Front Office Solutions and Marisa Kurk as Head of Global Foreign Exchange (GFX). Turney, who has…
Malawi Faces Shortages of Foreign Exchange Currency
Blanyre, Malawi — Malawi is facing acute shortages of foreign exchange currency, forcing two international airlines to suspend some of their services in the country. The situation has negatively affected…