Foreign Exchange

MILESTONES: HUNGARY   By Paula Green   As if a weakening currency, surging public debt and three downgrades to junk bond status since November weren't enough to dissuade investors from sinking money into Hungary, they now have to deal with ...

INDIA TAKES STEPS TO CURB FALLING CURRENCY   By Aaron Chaze   The Indian government finally took steps to bolster inflows of US dollars after the rupee fell by 13% during the last three months of 2011.   Giving buying ...

STATE-OWNED BANKS TO BOOST ENDING   By Antonio Guerrero   Brazil's government is investing more than $500 million this year recapitalizing two state-controlled banks to boost lending.   The nation's Treasury will invest $269 million in the BNDES national development bank ...

For months now public debate around the world has been dominated by the turmoil in Europe...

WHILE PROFITS SOAR, SBERBANK HALTS FOREIGN INVESTMENTS   By Kim Iskyan   Russian state savings bank Sberbank posted a 74% jump in third-quarter profits in late November on the back of sharp growth in lending.   Putin gets poor response in ...

CHINESE REGULATORS TARGET ANTI-COMPETITIVE BEHAVIOR IN STATE-OWNED FIRMS   By Thomas Clouse   Chinese regulators have targeted state-owned enterprises in an anti-monopoly investigation for the first time.   Photo Credit: Chen Wei Seng / Shutterstock.com China’s two largest fixed-line telephone operators—China ...

PLANNING FOR THE EURO CRISIS   By Jonathan Gregson   Given the massive financial and contractual impacts of any breakup of the eurozone, it is only to be expected that international companies with European operations, or ties to Europe are ...

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: GLOBAL WINNER Deutsche Bank Deutsche Bank has managed to stay on top of the FX world year after year. It has the biggest, most diversified and most profitable foreign exchange operation of any ...

MILESTONES: UKRAINE   By Kim Iskyan   The IMF’s $15 billion loan program to Ukraine looks increasingly likely to be suspended at least until parliamentary elections in October 2012, following an early November visit by the IMF that ended without recommending the resumption ...

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: REGIONAL WINNERS NORTH AMERICA Citi Feig, Citi: We have invested in people and technology and are seeing our market share rise as a result As Citi prepares to celebrate its 200th anniversary in ...

By Gordon Platt BEST FOREIGN EXCHANGE RESEARCH & ANALYSIS RESEARCH BNY Mellon BNY Mellon, one of the largest foreign exchange dealers in the United States, offers support in virtually all currencies, with particular expertise in emerging markets.   Derrick, BNY Mellon ...

By Gordon Platt BEST ONLINE FOREIGN EXCHANGE TRADING SYSTEMS BANK SYSTEM State Street’s Currenex The Currenex foreign exchange trading platform uses patented technology to match orders and aggregate liquidity. Its high-speed, low-latency API (application programming interface) provides access to live, ...

SINKING PUPEE AFFECTS CORPORATE DEBT REPAYMENT   By Aaron Chaze   Corporate borrowers in India have been hard hit by the rupee slide—the currency fell 18% over the dollar between January and November, 2011, and fell 7% in November alone.   ...

COMMODITIES TEST THE BORDERS OF INTERNATIONAL FINANCE   By Michael Shari   Commodity producers are turning to specialized banks that are willing to take multiple layers of risk in private deals.   Great ideas are born at times like these. ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   Another EU summit ended in December with agreement on a new fiscal compact for the eurozone, but like previous efforts to rescue the common currency, the accord was less than comprehensive, and ...

NIGERIAN INBOUND INVESTMENT FRAMEWORK IMPROVING   By Antonio Guerrero   Nigerian President Goodluck Jonathan says his administration is reviewing industrial policies to encourage foreign companies exporting finished goods to Nigeria to instead manufacture them locally.   New policies encourage local assembly ...

SANCTIONS ON IRAN INCREASE   By Gordon Platt   Two days after the storming of the UK embassy in Tehran on November 29 to protest increased British sanctions on Iran, the US Senate unanimously passed new economic sanctions against Iran and ...

ANNUAL SURVEY & AWARDS: FX PROVIDERS BET BIG ON TECHNOLOGY   By Gordon Platt   The most successful FX banks are boosting their IT spending and competing on price and service in an effort to maintain market share.   As the ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   Risk aversion appeared to be creeping back into the markets in early November, as the initial euphoria about the eurozone’s master plan to solve the debt crisis began to fade. ...

DÉJÀ VU ALL OVER AGAIN   Some analysts say that 2011 is beginning to look a lot like 2008, with Europe’s debt crisis morphing into a bank solvency crisis with global ramifications.   So far, the foreign exchange market—the world’s ...