Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here . read more

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BEIJING, June 24 (Xinhua) — China’s top foreign exchange regulator Hu Xiaolian has pledged more efforts to boost supervision of capital flows to safeguard the nation’s financial security. Hu, also a deputy central bank governor, said the country was faced with a bigger challenge of guarding against the impact of the short-term global speculative funds. More efforts should be made to prevent capital flows in the disguise of trade and to boost management on short-term overseas loans. Hu made the remarks during recent research and investigation tours to Dalian, Suzhou, and Wuhan. The turbulence on the global financial market, the rate changes of the major currencies, and the price ups and downs of the energy and grain could had a huge impact on the capital flows, Hu said. Zuo Xiaolei, chief economist with Galaxy Securities, on Sunday warned against large-scale capital flight in case the dollar rebounded against other currencies. read more

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Peiris was speaking at a workshop held at Reef Garden Hotel, Polhena, Matara for officials of the People’s Bank branches in the Galle, Matara and Hambantota districts on the Apara Loan Scheme launched by the Sri Lanka Export Credit Insurance Corporation (SLECIC). He said that up to now the country had been striving to export as many goods as possible in order to earn valuable foreign exchange but today the service sector throught the export of skills and labour have become a predominant foreign exchange earner. The Apara Loan Scheme had been initiated through the Sri Lanka Export Credit Insurance Corporation consequent to such thinking and five financial institutions including the People’s Bank had become partners in this programme at ground level thus becoming stakeholders of a great national endeavour. Dayananda, Assistant General Manager, People’s Bank, Dilruk Ranasinghe, General Manager, SLECIC, Nandani Edirimanne, Coordinating Officer, Apara Scheme and Sugath Kadugammulla, Chief Manager, Foreign Branch, Asha Piyatilleka, Creative Manager, A. read more

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The eToro platform focuses on practice and education, as well as providing all the essential trading tools, with the eToro forex trading community constituting an essential part of the educational process. Through eToro’s private and public chats, traders can share forex tips, news and strategies, meaning that the community plays a crucial role in encouraging and facilitating a trader’s development. With the release of the new version of the eToro platform, community has taken an even more central place in the forex trading experience. Traders who introduce a friend to the eToro community will receive an unprecedented $50 bonus, while the referred trader will receive the exact same amount. read more

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Prasada Rao, announcing the arrest of gang members here on Friday, said efforts were on to trace the links that enabled them to smuggle counterfeit currency into Andhra Pradesh. The arrested persons are Mohammed Shoukat Ali, Arun Kumar Saha and his brother Naba Kumar Saha, all from Malda district in West Bengal, K. Nutfal used to deliver fake currency bundles from a secluded place which is 15 km away from across the border in West Bengal. Then Arun and Naba collected the bundles and handed them over to Ali, who would later give them to Rao and Reddy for circulating in Andhra Pradesh. read more

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THE Reserve Bank of Zimbabwe (RBZ) has launched an investigation into financial institutions that have been allegedly abusing the interbank foreign exchange market with a view to cancelling their operating licences. It was not clear whether this was an official document from the central bank but RBZ governor, Gideon Gono, last night denied having ordered banks to stop trading foreign currency on the interbank market. The central bank is investigating allegations in the market that some managers within the banking community are buying foreign currency in their individual capacities but using their bank?s structures. The investigators believe that some banks have not been allocating foreign currency to the priority list set by the central bank when the interbank market was introduced two months ago. read more

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KARACHI, June 19 (Reuters) – Pakistan’s foreign reserves fell by $44 million to $10. Reserves held by the State Bank of Pakistan fell by $12 million to $8. Pakistan’s foreign exchange reserves hit an all-time high of $16. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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The US dollar ended cheaper against the rupee at Rs 42. Meanwhile, the Reserve Bank of India (RBI) fixed the reference rate for US dollar at Rs 42. The rupee premiums on forward dollar continued its slide for another day and ended sharply down due to sustained receivings by exporters. The benchmark six-month forward dollar premium payable in November ended at 46-1/2 – 48-1/2 paise, lower from 57 ?” 59 paise on Monday and the far-forward maturing in May closed down at 92 – 94 paise from 106 – 108 paise previously. The domestic currency bounced back with a vengeance against the pound sterling and ended higher at Rs 83. read more

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LITTLE ROCK – Legislators today will consider whether the state should oversee the process firms use to place foreign exchange students in Arkansas. Representatives from at least one company that currently places foreign students in state high schools, as well as from Fayetteville High School, which decided this month to stop accepting foreign students from a Massachusetts firm, where scheduled to appear before legislative committees studying the issue. Sue Madison, D-Fayetteville, asked for the study on placement of foreign exchange students with host families in Arkansas after receiving complaints that some of the students were being placed with families ill-equipped to take care of them. State Department was investigating complaints about placement of foreign students in Arkansas by Education First Foundation of Foreign Study of Cambridge, Mass. Earlier this month, after repeated problems with the firm, Fayetteville High School decided to no longer accept students provided by the company. Madison said lawmakers “need to understand, first, how the process works, the various steps used to find slots for the students in schools and how they try to find families, what is expected of the families and if they are told what is expected of them. read more

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LONDON (Thomson Financial) – The euro firmed sharply after the final reading of euro zone inflation during May was revised higher, reinforcing expectations the European Central Bank will raise interest rates next month. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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