currency

UPDATE 2-Smirnoff-maker Diageo’s sales set for currency hangover – Finance News

* Expects bigger than expected hit from FX volatility * Margin growth outlook unchanged * Organic sales to be “broadly” in line with last year (Adds analyst comments and details) Sept 20 (Reuters) – British spirits maker Diageo flagged a bigger than expected sales hit from currency movements on Thursday, an early indication of the potential impact of recent volatility on companies with emerging market revenues. However, the maker of Johnnie Walker scotch and Smirnoff vodka said its performance from…

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Venezuela announces easing of currency controls,…

Venezuela announces easing of currency controls, economists skeptical By Reuters Published: 14:54 EDT, 8 September 2018 | Updated: 14:54 EDT, 8 September 2018 CARACAS, Sept 8 (Reuters) – Venezuela on Saturday eased 15-year-old currency controls, decreeing that private banks and exchange houses are allowed to sell dollars, but economists are skeptical the measure will improve the dysfunctional and crisis-stricken economy. The currency controls, which require businesses and individuals to buy dollars via the state, are frequently identified as one of…

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The Australian dollar is acting like an emerging market currency

Australia : The Australian dollar is acting like an emerging market currency Sep 07, 2018 (Euclid Infotech Ltd via COMTEX) — Australia’s dollar is finding itself in unusual company these days, getting sold along with former emerging market darlings such as the Indonesian rupiah and Indian rupee. As a rout grips developing markets, the Aussie – viewed as a barometer for global risk appetite – is also bearing the brunt of investor angst. While nobody’s expecting the currency to be…

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Protests over Yemen’s weakening currency paralyse Aden

Protests over Yemen’s weakening currency paralyse Aden By Reuters Published: 07:44 EDT, 2 September 2018 | Updated: 07:44 EDT, 2 September 2018 ADEN, Sept 2 (Reuters) – Scores of demonstrators protesting against Yemen’s deteriorating economic situation and weakening currency blocked major roads and burned tyres in the southern city of Aden on Sunday, with shops and government offices closing. The Yemeni rial has lost more than half its value against the U.S. dollar since the start of a civil war…

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“No Need To Worry” Says Central Bank On Depreciation Of Local Currency | RJR News

The Central Bank is again telling the public there is no need to worry about the depreciation of   the Jamaican dollar against the US currency. Speaking yesterday on TVJ’s Smile Jamaica, Deputy Governor for the Research & Economic programming division at the Bank of  Jamaica, Wayne Robinson, said at the moment the BoJ is not concerned about the exchange rate.  He said the BOJ is monitoring the issue and will decide whether to take action. “When we will become concerned…

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This is how China controls its currency – Honolulu, Hawaii news, sports & weather

By Daniel Shane HONG KONG (CNNMoney) — The yuan has become caught up in the trade fight between China and the United States. China’s currency has declined around 9% versus the US dollar since April and is trading near its lowest level in more than a year. The fall has drawn the attention of President Donald Trump, who has previously accused China of keeping the value of its currency artificially low to boost its huge export industry. The yuan is…

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Free fish for forex: Istanbul restaurant joins currency…

Free fish for forex: Istanbul restaurant joins currency campaign By Reuters Published: 12:49 EDT, 16 August 2018 | Updated: 12:49 EDT, 16 August 2018 By Omer Berberoglu ISTANBUL, Aug 16 (Reuters) – Istanbul’s beloved fish sandwiches, a staple street food in the Bosphorus city, are being offered for free to Turks who heed President Tayyip Erdogan’s call to sell their dollars for lira. The offer is just one of many by vendors across Turkey who are backing Erdogan’s appeal to…

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Qatar to aid Turkey, currency rallies but U.S. says…

By Daren Butler, Humeyra Pamuk and Jeff Mason ISTANBUL/WASHINGTON, Aug 15 (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities little incentive to work for the release of Andrew Brunson, a pastor on trial in Turkey…

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Morocco needs more reforms before new currency…

Morocco needs more reforms before new currency liberalisation, bankers say By Reuters Published: 07:29 EDT, 15 August 2018 | Updated: 07:29 EDT, 15 August 2018 By Ulf Laessing and Ahmed Eljechtimi CASABLANCA/RABAT, Morocco, Aug 15 (Reuters) – Morocco has managed to keep its currency stable since introducing a more flexible foreign exchange system, but broader reforms are necessary to boost investment before taking the next step in liberalisation, bankers say. In January, the kingdom widened the band in which the…

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Nigeria, China Currency Swap, Good For Business – Economist

An economist with the Port Harcourt Polytechnic, Obed Chimele has applauded the Federal Government on the new currency swap deal between China and Nigeria.Chimele noted in a chat with The Tide, weekend in Port Harcourt, that the new deal portends that the dollar would no longer be used for all import and export translation between the countries.He explained that the currency swap, while stabilizing the financial market, would also improve trade relations between the two countries.According to him, the swap,…

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Iran eases currency rules, hoping to buoy rial ahead of sanctions

By Parisa Hafezi ANKARA (Reuters) – Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value since April due to fears about U.S. sanctions likely to be imposed this week. President Donald Trump’s decision to pull out of an agreement to lift sanctions in return for Iran limiting its nuclear programme caused a run on the rial as companies and savers bought…

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Top Judge Warns of Harsh Punishment Over Currency Crisis

TEHRAN (Dispatches) – Iran’s Prosecutor General Muhammad Jafar Montazeri on Wednesday issued a stern warning to those behind recent fluctuations in the currency market, saying they will face the consequences if they do not stop “betraying the nation”. “Their actions are helping the enemy and disrupting Iran’s economy and security of the nation,” he deplored.Montazeri said security and intelligence forces will soon catch them if they do not stop their practices. “It is immoral to gather assets amid the market…

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