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World’s biggest market: Humans not allowed

Forex TRading Currency Markets

The $5.1 trillion-a-day currency market is losing its human touch. That’s the conclusion of trading and foreign-exchange heads surveyed by the organizers of the TradeTech FX conference in Miami. Of the 100 North America-based respondents, 94 said they aimed to automate more of their foreign-exchange trading operations in the next ...

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Qatari business leaders say they are confident — despite raging Gulf dispute

Yousuf Mohamed Al-Jaida

Several Gulf nations involved in the diplomatic freeze against Qatar may have doubled down on their list of demands, but the CEO of the Qatar Financial Centre put on a brave face in an interview with CNBC. His country, he said, has weathered worse economic conditions than those now imposed ...

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Bank of Russia: Ready to use forex swap with PBOC

Russian Markets

MOSCOW–Russia and China have agreed to open a bilateral foreign-exchange swap line to boost trade and investment cooperation, the Bank of Russia said Wednesday. The Bank of Russia said the two parties successfully tested forex swaps in 2015 and were ready to enact the forex swap if needed. Earlier, Russia ...

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Global stocks rally as global slowdown fears fade

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, March 1, 2016. REUTERS/Staff

World shares and bond yields rose on Wednesday as the recent recovery in oil prices and a batch of positive economic data from Australia to the United States calmed fears of a global economic slowdown. Asian stocks hit a two-month high, Japan’s and China’s main indices both rose more than ...

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