Archives for March 2008

Copyright Thomson Financial News Limited 2007. 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. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. read more

[Tags]financial, , news, thomson, exchange, foreign, forex news[/Tags]

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. Reuters journalists are subject to the Reuters 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

[Tags]news, reuters, business, delayed, minutes, , forex news[/Tags]

Forex – Dollar rises on news of coordinated central bank action UPDATE – Forbes. LONDON (Thomson Financial) – The dollar was higher against major currencies after central banks announced coordinated central bank action to shore up liquidity. The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank have all announced measures to ease strains on money markets. 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. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX 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. read more

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A survivor is eBucks, originally created by FirstRand as a standalone Internet bank before it became clear that its existing bricks and mortar First National Bank would need a cyberspace branch. Whereas Standard Bank’s Bluebean Internet business has dwindled into a credit card brand, presumably to replace the Barclaycard franchise Standard lost when the UK banking group bought Absa, eBucks has grown in its niche as a loyalty programme. Much of eBucks’ growth has been over the past four years since Lezanne Human was appointed as the FirstRand unit’s chief executive officer. As far as the nascent e-commerce industry has veterans, Human is one, having worked at Liberty Life’s MyLife foray into cyberspace before it was merged with Standard Bank’s bluebean venture. Critics who say loyalty programmes need advanced maths to understand may be disconcerted to hear that Human is an applied mathematician trained at Stellenbosch University. Human said IFAC(13) doesn’t affect eBucks because all its “virtual money” is backed by real currency. read more

[Tags]ebucks, human, loyalty, bank, cyberspace, internet, forex news[/Tags]

I got nailed with a dynamic currency conversion charge at Schiphol Airport in Amsterdam last weekend, although I had sworn I wouldn’t let that happen. I’m talking about the practice of converting a transaction in a foreign currency to the customer’s native currency for a fee – usually 2 or 3 percent of the transaction amount. Paying for dynamic currency conversion gets you absolutely nothing except the illusory comfort of paying in a familiar currency. When I got the credit card charge slip for some chocolates I bought at a duty-free shop, the charge had been converted to dollars. Visa requires that you be provided a meaningful choice at the point of sale and you have the right to buy your purchase in the local currency to avoid any additional fees the merchant may assess. So from now on, whenever charging something on a credit card outside the United States, I will specify in advance that I want the charge made in the local currency. read more

[Tags]currency, charge, card, credit, choice, conversion, forex news[/Tags]

Before diving into currency trading, investors should take the time to learn how to properly trade forex. Most large investors will trade forex through hedge funds, while smaller investors will typically use a retail forex broker. The Simulated Trading software lets users try their hand at forex trading without using real money. The top 10 forex websites provides a handy list of links that will be valuable to any investor learning forex trading. read more

[Tags]forex, trading, currency, market, lesson, , forex news[/Tags]

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Nigerian forex reserves hit new high of $56. LAGOS (Reuters) – Nigerian foreign reserves rose to a new high of $56. The latest figure published on the bank’s Web site did not state how many months of Nigeria’s imports the reserves can finance, but it had said the January figure could support 28 months of the top African oil exporter’s import bills. Nigeria, sub-Saharan Africa’s second biggest economy, has recorded significant growth in its forex reserves in the past three years thanks to rising oil prices, Nigeria’s main stay. read more

[Tags]reserves, 56, figure, forex, high, months, forex news[/Tags]

Forex – Pound comes off all-time low against euro after strong services PMI – Forbes. LONDON (Thomson Financial) – The pound came straight off a fresh all-time low against the euro after a key UK service sector survey came in much stronger than expected, cementing expectations the Bank of England will hold off cutting interest rates tomorrow. 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. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX 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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