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Weak euro not to impact India's reserves: RBI

Fri, 21 May 2010 19:17:00 GMT | Business Standard

The slide in the value of the euro due to sovereign debt crisis in Europe is unlikely to erode Indian foreign exchange reserves as the 16-nation currency is only a small part of the countrys currency holdings, a top official of the Reserve Bank of India (RBI) has said.


Bimal Jalan: Reform of global financial system

Fri, 21 May 2010 19:04:08 GMT | Business Standard

By any reckoning, the global financial system is once again in turmoil. A couple of years ago, after the sub-prime fiasco, it was the US that was in trouble, and there were serious doubts about the future of the dollar as a reserve currency. Today, it is the euro, the currency of the European Union (EU), that is facing a crisis because of the acute fiscal problems of Greece and some other European countries.


Ever closer union

Thu, 27 May 2010 19:12:54 GMT | Business Standard

China: China wont turn its back on the euro zone. Not necessarily because it doesnt want to. A falling euro bodes ill for the undisclosed portion of Chinas $2.4 trillion in foreign currency invested in assets denominated in the single currency. But the Faustian pact between Beijing and its trade partners ensures Chinese capital will continue to flow into the Old Continent.


Co-op launch first pre-paid currency card in Jersey

Sat, 05 Jun 2010 19:57:55 +0000 | Tax Research UK

Co-op launch first pre-paid currency card ? Business ? This Is Jersey. As the Jersey Evening Post reports: THE first pre-paid payment card to be issued in Jersey will be launched by the Channel Islands Co-operative Society this month. The card is the same as a credit card but without the credit. You load it with funds as [...]


Did you know that the United States has been bankrupt, its government has ceased to exist since 1933?

Sun, 6 Jun 2010 21:50:14 +0000 | Newsvine

"The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice." -- Aristotle


US patience waning on China currency

Fri, 11 Jun 2010 19:00:24 GMT | Business Standard

Treasury Secretary Timothy Geithner indicated US patience on Chinas currency policy was wearing thin on Thursday as a key lawmaker warned that he would move soon on legislation that would penalise Chinese goods.


Money: BP Pressure - 21st June 10

Mon, 21 Jun 2010 06:18:00 +0100 | bbc.co.uk

The pressure mounts on BP as an internal document reveals the company estimated 100,000 barrels of oil a day could, in theory, flow from the ruptured Gulf of Mexico well. There's also a call this morning for tighter ballot rules to be bought in to avoid unnecessary strikes. China's Central Bank says now is the time for a return for a degree of currency "flexibility", reversing its criticised policy of currency price controls. According to a City law firm, there has been a 50% increase in Directors of insolvent companies being disqualified because of criminal activity.


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