Friday , November 24 2017

TimeLine Layout

November, 2017

  • 8 November

    The rise of the petro-yuan

    170511-xi-0806_cf04395af4fbcaee860c9b9f7e1f9f0b.nbcnews-ux-2880-1000

    China is aiming to overthrow the U.S. dollar as the currency of choice for the oil market, a move that could have far-reaching consequences. Beijing hopes to challenge the dollar by setting up a futures market with its own currency, the yuan. To that end, reports indicate that China is set to ...

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  • 8 November

    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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  • 8 November

    A ‘regime change’ is about to hit currency markets

    currency-exchange

    The currency market is typically controlled by the U.S. dollar. One strategist believes that control will shift from the U.S. dollar to a cross asset correlation. This change in the currency markets will help riskier assets such as the Australian dollar. For years currency market movements have been dominated by ...

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July, 2017

  • 7 July

    Bank of England steps up scrutiny of lenders

    Bank-of-England-Building-BoE-Bus-700x450

     The Bank of England is stepping up its scrutiny of banks and other lenders on credit cards, personal loans and car purchases amid fears that growing consumer debt could rebound on the banking system. Threadneedle Street is writing to the firms it regulates after reviewing the consumer credit sector, where ...

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  • 7 July

    PM attempts to reassure business on Brexit

    PM Theresa May

      The Prime Minister has struck a conciliatory note to business leaders who have demanded that Britain stays in the customs union in a transition period after the legal date of Brexit in 2019. Speaking to Sky News at the G20 summit, Theresa May chose not to restate the position ...

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  • 7 July

    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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  • 7 July

    McConnell, Paul talk health care, just not with each other

    Senate Majority Leader Mitch McConnell

    As Republican efforts to get rid of former President Barack Obama’s health care law stall in the U.S. Senate, Kentucky’s two senators are traveling the state to talk about it. They just aren’t talking to each other. U.S. Sen. Rand Paul has emerged as one of the biggest obstacles to ...

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September, 2016

  • 9 September

    China’s Foreign-Exchange Reserves Shrank Faster Than Expected

    Peoples Bank of China Beijing

    China’s reserves dropped by $15.89 billion last month, versus a forecast $2 billion decline BEIJING—China’s foreign-exchange reserves shrank modestly in August, though at a faster pace than projected, suggesting capital outflow pressure may have increased slightly. China’s reserves, the world’s largest, fell by $15.89 billion over last month, to $3.185 ...

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  • 9 September

    London Remains World’s Foreign Exchange Trading Powerhouse

    London City - Foreign Exchange Powerhouse

    London traded nearly twice as much currency than did New York according the latest data on foreign exchange markets provided by the Bank for International Settlements. The daily average total turnover in foreign currency traded in London was $2.426BN in April 2016. This is nearly double the size of trade ...

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  • 9 September

    Ex-Barclays trader faces £1m fine for rigging foreign exchange markets

    barclays-traders

      Former Barclays trader Christopher Ashton, 42, is being fined £920,000 He was part of a group of dealers who called themselves the Cartel They used internet chatrooms to fix currency prices and share information  A former Barclays trader is being fined £920,000 by US authorities over his part in ...

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