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Perils of an ad hoc forex policy
May 16, 2013 at 00:41 | Source: The Hindu BusinessLine
In a speech that he gave last month at the International Monetary Fund, the Reserve Bank of India (RBI) Governor, Duvvuri Subbarao, posed several questions about countries’ policies on foreign exchange market intervention and their holding of ...
Developed countries going for currency manipulation in one form or the other
May 08, 2013 at 09:01 | Source: Economic Times
By Satyajit Das Japan has joined the US, UK and Switzerland as combatants in the "currency wars", a term coined by Brazilian finance minister Guido Mantega in 2010. Nations which constitute around 70% of world output are "at war", pursuing policies ...
Swiss banks lure clients with gold accounts, cash vaults
Feb 04, 2013 at 02:07 | Source: The Hindu BusinessLine
Geneva, Feb 3: Swiss banks are selling a new safe-haven idea to the rich and mighty from India and other countries – special accounts for holding gold bars and high-value Swiss franc notes in the safety of their cash vaults. Amid a global crac...
Swiss banks lure clients with gold accounts, cash vaults
Feb 03, 2013 at 19:32 | Source: Zee Business
Geneva: Swiss banks are selling a new safe-haven idea to the rich and mighty from India and other countries -- special accounts for holding gold bars and high- value Swiss franc notes in the safety of their cash vaults.Amid a global crackdown agains...
Dollar climbs back towards multiyear highs vs. yen
Jan 15, 2013 at 06:47 | Source: Market Watch
SAN FRANCISCO (MarketWatch) — The dollar recovered some ground on Monday, climbing back towards a multi-year high against the Japanese yen hit following under reports the Bank of Japan will give in to government pressure to raise its inflation tar...
Dollar rises after E.U. bank move, Fed decision
Dec 14, 2012 at 06:37 | Source: Market Watch
SAN FRANCISCO (MarketWatch) — The U.S. dollar rose against the Japanese yen to its highest level since March on Thursday and sat little changed versus the euro after regional leaders moved closer to a banking union and gave Greece its bailout mone...
Dollar regains ground lost in wake of Fed move
Dec 13, 2012 at 20:17 | Source: Market Watch
FRANKFURT (MarketWatch) — The U.S. dollar inched higher against the yen and some other currencies Thursday, but it slipped versus the euro after regional leaders moved closer to a banking union. The ICE dollar index (NYE:DXY) , which measures the ...
Not all Indian money in Swiss banks is black
Nov 11, 2012 at 16:50 | Source: DNA India
Activist-turned-politician Arvind Kejriwal has alleged that Rs6,000 crore black money was parked by Indians in Swiss banks. However, his figures do not tally with that of BJP leader LK Advani who during the 2009 Lok Sabha elections, had alleged that ...
Dollar slips ahead of Fed bond-buying decision
Sep 13, 2012 at 20:22 | Source: Market Watch
FRANKFURT (MarketWatch) — The dollar edged lower Thursday amid growing expectations the Federal Reserve will undertake further monetary stimulus via additional bond purchases when it concludes a two-day meeting. The ICE dollar index (NYE:DXY) , wh...
Dollar slips; Aussie gains as RBA holds fire
Aug 07, 2012 at 17:42 | Source: Market Watch
FRANKFURT (MarketWatch) — The U.S. dollar slipped versus most major rivals in thin trade, with its Australian counterpart gaining ground after the country’s central bank left rates unchanged as expected. The dollar index (NYE:DXY) , which measur...
WORLD FOREX: Euro Weak Against Aussie, Steady Versus Dollar
Jul 31, 2012 at 18:00 | Source: Wall Street Journal
Euro slips against the Australian dollar but steady against buck. -- SNB shows signs of struggling to diversify reserves out of euros. -- Swedish krona gives back some gains but still trading near 12-year highs against the euro. By Eva Szalay. The eu...
Swiss banks' foreign client assets dip to 4-year low
Jul 09, 2012 at 20:17 | Source: Zee Business
New Delhi: Amid a growing global scrutiny of overseas funds deposited in Swiss banks, the quantum of total foreign assets managed by them has dipped by nearly 300 billion Swiss francs (about Rs 20 trillion) since 2008. Also, the share of foreign cli...
Swiss banks' foreign client assets dip to 4-year low
Jul 09, 2012 at 17:01 | Source: Economic Times
NEW DELHI: Amid a growing global scrutiny of overseas funds deposited in Swiss banks, the quantum of total foreign assets managed by them has dipped by nearly 300 billion Swiss francs (about Rs 20 trillion) since 2008. Also, the share of foreign cli...
Foreign client complaints rise at Swiss banks: Ombudsman
Jul 04, 2012 at 02:01 | Source: FirstPost
New Delhi: Swiss banks recorded an increase in the number of complaints from their foreign customers in 2011, although the number of their total customer complaints declined, Switzerland’s banking ombudsman said today. In a report released tod...
Rich hoarding banknotes, gold and art works in Swiss banks
Jul 02, 2012 at 22:11 | Source: FirstPost
New Delhi: Amid a global crackdown against alleged black money in secret accounts of Swiss banks, their bankers are selling a new safe-haven idea to their rich clients from India and other countries — the high-value 1,000 franc notes to be stored ...
Rich hoarding banknotes, gold, art works in Swiss banks
Jul 01, 2012 at 20:46 | Source: The Hindu BusinessLine
Amid a global crackdown against alleged black money in secret accounts of Swiss banks, their bankers are selling a new safe-haven idea to their rich clients from India and other countries — the high-value 1,000 franc notes to be stored in safe...
Rich hoarding banknotes, gold and art works in Swiss banks
Jul 01, 2012 at 14:31 | Source: Economic Times
NEW DELHI: Amid a global crackdown against alleged black money in secret accounts of Swiss banks, their bankers are selling a new safe-haven idea to their rich clients from India and other countries -- the high-value 1,000 franc notes to be stored i...
Rich Indians hoarding banknotes, gold and art works in Swiss banks
Jul 01, 2012 at 13:57 | Source: Zee Business
New Delhi: Amid a global crackdown against alleged black money in secret accounts of Swiss banks, their bankers are selling a new safe-haven idea to their rich clients from India and other countries -- the high-value 1,000 franc notes to be stored i...
Nervous investors fill Swiss safes with cash, gold
Jun 25, 2012 at 22:31 | Source: Economic Times
ZURICH: Investors trying to protect their wealth from global economic uncertainty have been stashing bank notes, gold bars and other valuables in Swiss banks, fuelling demand for safe deposit boxes. The euro zone debt crisis and fear that loose poli...
Credit Suisse doesn’t plan to lift capital: report
Jun 17, 2012 at 18:32 | Source: Market Watch
TEL AVIV (MarketWatch) -- Credit Suisse does not plan to issue new stock, despite the Swiss central bank’s recent call that the Swiss banking firm bolster its capital, Chief Executive Brady Dougan said in an interview, according to media reports. ...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
