Schwab Takes Aim at Forex Market The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage. NEW YORK (Trefis) – Charles Schwab recently announced its decision to acquire optionsXpress in a friendly all-stock deal, as the company takes aim [...]
Franc Only Haven Means Biggest Gains in Currencies Hildebrand Can’t Stop The Swiss franc, the best performing major currency the past year, has become the only haven in the foreign-exchange market as the Group of Seven weakens the yen and the Federal Reserve floods the U.S. financial system with dollars. Read more on Bloomberg FII-driven [...]
Sensex breaches 19000-mark MUMBAI: Sustained buying by foreign funds pushed up the Bombay Stock Exchange sensitive index, Sensex, on Monday to a two-month high of over 18943, up 127 points, led by auto, capital goods and banking stocks amid easing crude oil prices. Read more on The Hindu Aberdeen’s Assets Fall 4%, Says Volatility Could [...]
News Categories As the Yemeni Riyal fell this week, some foreign exchange companies have been slapped with sanctions for refusing to sell in-demand foreign currencies to those who want to get rid of local cash. Read more on Yemen Observer Geithner to decide on regulation of foreign-exchange swaps The Dodd-Frank bill gave Treasury Secretary Timothy [...]