FX NEWS January 4, 2011 BRAZIL TO DISCUSS YUAN WITH CHINA Brazilian president Dilma Rousseff will prioritise discussions with China over its currency and trade policies, according to the country’s trade minister Fernando Pimentel. Discussions are expected to occur when the Bric countries meet in April. Pimentel also said that Brazil may consider increasing policies to stem further appreciation of [...]
Currency gains boost London housing market November 30, 2010 OVERSEAS investors continue to pile into London real estate, thanks to increasingly favourable exchange rates and soaring rental values, according to research seen by City A.M. Foreigners currently buy 72 per cent of all central London homes on the market, said a report by Hamptons International, up from 60 per cent at the peak of [...]
Real unappreciative – Brazil pulls out the plug January 11, 2011 SINCE last summer, when the Federal Reserve turned back on the liquidity taps, the flow has been largely to developing economies. Rather like financial bathtubs, popular emerging markets in South America, Asia and even Africa have been attracting vast amounts of frothy hot money, and developing world currencies have appreciated immensely. With the money still [...]
Fallback in US data shakes faith in recovery January 13, 2011 US JOBLESS claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December. However, a surge in exports to their highest level in two years helped narrow the US trade deficit in November, an encouraging sign for fourth-quarter economic growth. Despite a string of recent data [...]
City workers are showing restraint when it comes to spending their annual bonus January 17, 2011 Despite reports of a growing sense of confidence in the City, with around half of the UK’s banking and financial professionals stating that they are feeling positive about the year ahead, City workers are apparently remaining much more cautious when it comes to spending. Whilst remaining outwardly bullish about their prospects for 2011 (around 41 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 1, 2010 FINANCIAL TIMES AUSTRALIA’S GROWTH RATE STALLS IN THIRD QUARTER Australia’s economic growth rate slowed markedly in the third quarter to its weakest level in two years as higher interest rates cut into housing investment and the rise in the Australian dollar hit exports. The 0.2 per cent rise in gross domestic product compared with the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 1, 2010 FINANCIAL TIMES AUSTRALIA’S GROWTH RATE STALLS IN THIRD QUARTER Australia’s economic growth rate slowed markedly in the third quarter to its weakest level in two years as higher interest rates cut into housing investment and the rise in the Australian dollar hit exports. The 0.2 per cent rise in gross domestic product compared with the [...]
THE TIPSTER January 4, 2011 THE US dollar has risen for the second consecutive day against the yen thanks to increased optimism for the US recovery – factory orders are falling at a slower pace than expected and the labour market is also starting to show a glimmer of improvement. Following the latest fall in weekly jobless claims, analysts are [...]
Acquisition strategy gives boost to Bunzl June 22, 2010 DISTRIBUTION and outsourcing group Bunzl yesterday said trading in the first half of the year was boosted by acquisitions, favourable currency movements and strong revenue growth in the US, placing it on target to meet full year expectations. Bunzl has made five acquisitions so far this year, contributing a combined annualised revenue of £85m. The [...]
China considering policy to fend off ‘hot money’ November 14, 2010 CHINA may deploy a mixture of policies to fend off hot money, an official paper cited a central bank executive as saying at the weekend, amid worries US policies could create unwelcome flows of capital towards China. Ma Delun, a deputy governor of central bank the People’s Bank of China (PBOC) said such a policy [...]