Lula Default Scare Echoed in Worst Rout Since ’02: Brazil Credit
Brazilian government bonds are suffering the biggest quarterly losses since the run-up to former President Luiz Inacio Lula da Silva’s election in 2002 led to speculation that the nation would...
View ArticleIbovespa Posts World’s Biggest Quarterly Drop as Currency Slumps
The Ibovespa fell, adding to the biggest quarterly drop among major equity benchmarks, as consumer stocks sank amid mounting concern that a weaker currency will stoke inflation and squelch Brazil’s...
View ArticleBrazil's central bank sells all 40,000 swap contracts at auction
SAO PAULO, June 28 (Reuters) - Brazil's central bank on Friday sold all 40,000 traditional...
View ArticleBrazil's central bank calls 2nd auction to sell currency swaps
SAO PAULO, June 28 (Reuters) - Brazil's central bank intervened in the foreign...
View ArticleCentral bank sells USD for Rupee
This is the second time it has done so to buy Rupees in less than two years The royal monetary authority has sold 200 USD M from the country’s foreign reserves to buy INR (Indian rupee) and pay off...
View ArticleEgypt's pound strengthens at Thursday's central bank sale
CAIRO, July 11 (Reuters) - The Egyptian pound strengthened at a central bank sale of foreign exchange on Thursday,...
View ArticleUPDATE 1-Egypt pound strengthens at central bank sale, steady on black market
CAIRO, July 10 (Reuters) - The Egyptian pound strengthened at a central bank sale of foreign exchange on Wednesday, for...
View ArticleCentral banks’ reassurance boosts Asian shares
SINGAPORE/SYDNEY — Asian stocks rose on Friday, while sterling hit a five-week low, after two of Europe’s most important central banks surprised the market by assuring investors they were in no hurry...
View ArticleAntitrust: Commission sends statement of objections to 13 investment banks,...
(Source: European Commission) European Commission MEMO Brussels, 1 July 2013 Antitrust: Commission sends statement of objections to 13 investment banks, ISDA and Markit in credit default swaps...
View ArticleEU suspects 13 banks of collusion in swaps trading
Story Highlights Investment banks include JPMorgan, Goldman Sachs, Citigroup and Morgan StanleyBanks suspected of working together to keep exchanges out of derivatives tradingFinal determination on...
View ArticleBrazil central bank ups inflation, lowers GDP forecasts
SAO PAULO, June 27 (Reuters) - Brazil's central bank raised its inflation forecasts for 2013 and...
View ArticleFed grants Goldman more time to hive off swaps trading
WASHINGTON (Reuters) - The U.S. Federal Reserve granted Goldman Sachs two more years to push risky swaps trading into a separate unit, in line with similar delays for other big Wall Street banks. The...
View ArticleUPDATE 1-Venezuelan central bank to sell $200 mln in auction
CARACAS, July 11 (Reuters) - Venezuela's central bank said on Thursday it would sell $200 million at auction under its revamped currency exchange system, as the government seeks to boost the flow of...
View ArticleHedging Surge Prompts India Central Bank Inquiry on Rupee Moves
India’s central bank, concerned about the fastest growth in currency derivatives trading in more than three years, is asking overseas funds to prove they aren’t speculating on the rupee. Futures and...
View ArticleUPDATE 1-Brazil may cut import levies to fight currency depreciation
* Move could help ease above-target inflation * Tax cuts could benefit steel, glass and chemical products BRASILIA, July 5 (Reuters) - Brazil may lower some import duties to help offset the impact...
View ArticleBrazil central bank sees inflation up, GDP growth down
BRASILIA/SAO PAULO (Reuters) - Brazil's central bank raised its inflation forecasts for 2013 and 2014, signaling that policymakers could accelerate the pace of interest-rate increases in coming months...
View ArticleBrazil Signals World’s Biggest Key Rate Increase Far From Over
Brazil’s central bank raised the benchmark interest rate a third consecutive time and said it was giving continuity to the world’s biggest tightening cycle, signaling increases may be extended through...
View ArticleUPDATE 3-Brazil central bank sees inflation up, GDP growth down
* Raises inflation forecast to 6 pct in 2013 vs 5.7 pct previously * See 2014 inflation at 5.4 pct vs previous view of 5.3 pct * Price outlook may prompt bank to speed up rate increases * Cuts view on...
View ArticleBrazil Raises Rate to 8.5% as Inflation Undermines Growth
Brazil’s central bank raised borrowing costs by half a percentage point for a second straight meeting, as the fastest inflation in 20 months undermines economic growth and fuels social unrest. The...
View ArticleBrazil Raises Rate to 8.5% as Inflation Undermines Economy
Brazil’s central bank raised borrowing costs by half a percentage point for a second straight meeting, as the fastest inflation in 20 months undermines economic growth and fuels social unrest. The...
View ArticleUPDATE 1-Brazil central bank raises inflation, lowers GDP forecasts
* Inflation forecast up to 6 pct in 2013, 5.4 pct in 2014 * Price outlook may prompt bank to speed up rate increases * GDP down to 2.7 pct from previous forecast of 3.1 pct SAO PAULO, June 27...
View ArticleUPDATE 1-Brazil inflation surpasses goal but hints at cooldown ahead
* 12-month IPCA rises 6.70 pct, most since October 2011 * Food prices stabilize, suggesting lower inflation ahead * Yields on rate futures drop By Silvio Cascione SAO PAULO, July 5 (Reuters) -...
View ArticleLatest EBRD innovation in RUB swap market to extend yield curve (EBRD -...
(Source: EBRD - European Bank for Reconstruction and Development) First swap linked to key Russian policy rates to offer one-year maturity Author(s): Richard Wallis Date: 15 July 2013 The EBRD has...
View ArticleBrazil Eases Curbs on Banks Raising Funds Abroad as Real Weakens
Brazil’s central bank eased restrictions on local banks’ ability to raise funds abroad, adding to government efforts to slow a decline in the currency prompted by concerns the U.S. may unwind monetary...
View ArticleEMERGING MARKETS-Mexico, Chile pesos sink after US data
MEXICO CITY, July 5 (Reuters) - Latin American currencies suffered sharp losses on Friday after stronger-than-expected U.S. jobs data increased bets the Federal Reserve could begin cutting its...
View ArticleAnalysis - Hot money exodus sends currency wars into reverse
LONDON (Reuters) - Turkey's efforts to pull the lira off record lows on Monday are likely to be emulated across emerging markets as central banks fight to avert an exodus of foreign capital driven by...
View ArticleEMERGING MARKETS-Brazil real falls to 4-yr low; Mexico peso gains on Bernanke
RIO DE JANEIRO, July 10 (Reuters) - The Brazilian real closed at its weakest level in more than four years on Wednesday as minutes from the Federal Reserve's latest monetary policy meeting failed to...
View ArticleHot money exodus ends currency wars
Robust US economic data has upped the stakes for emerging markets. Turkey's efforts to pull the lira off record lows on Monday are likely to be emulated across emerging markets as central banks fight...
View ArticleAnalysis: Hot money exodus sends currency wars into reverse
LONDON (Reuters) - Turkey's efforts to pull the lira off record lows on Monday are likely to be emulated across emerging markets as central banks fight to avert an exodus of foreign capital driven by...
View ArticleNEWS ANALYSIS: Hot money exodus sends currency wars into reverse
Related articles There are many aggressors in the currency wars LONDON — Turkey’s efforts to pull the lira off record lows on Monday are likely to be emulated across emerging markets as central banks...
View ArticleEgypt pound strengthens at central bank currency sale
CAIRO, July 8 (Reuters) - The Egyptian pound strengthened at a central bank sale of foreign exchange on Monday, hours after violence broke out...
View ArticleEMERGING MARKETS-Latam currencies drop as U.S. data fans Fed fears
RIO DE JANEIRO, July 5 (Reuters) - Latin American currencies weakened on Friday after stronger-than-expected U.S. jobs data increased bets on an early withdrawal of U.S. stimulus measures, boosting...
View ArticleBrazil central bank calls swap auction for early on Friday
RIO DE JANEIRO, July 4 (Reuters) - Brazil's central bank on Thursday...
View ArticleBrazil central bank offers currency swaps to support real
RIO DE JANEIRO, July 10 (Reuters) - Brazil's central bank intervened in the foreign...
View ArticleBrazil c.bank sells nearly all currency swaps offered at auction
RIO DE JANEIRO, July 10 (Reuters) - Brazil's central bank on Wednesday sold 29,700 of the 30,000...
View ArticleBrazil's central bank sells $1.26 bln of currency swaps
SAO PAULO, July 4 (Reuters) - Brazil's central bank sold...
View ArticleBrazil central bank sells 38,900 currency swaps; real drops
RIO DE JANEIRO, July 5 (Reuters) - Brazil's central bank on Friday...
View ArticleNo swaps with foreign central banks in latest week: NY Fed
NEW YORK (Reuters) - The Federal Reserve provided no liquidity to foreign...
View ArticleBrazil finmin says currencies overreacting to global outlook
BRASILIA, July 3 (Reuters) - Brazil Finance Minister Guido...
View ArticleS. Korean currency's volatility rises on U.S. exit concerns
SEOUL, July 17 (Xinhua) -- South Korean currency showed higher volatility as concerns emerged over an early exit of U.S. quantitative easing, central bank data showed Wednesday. Volatility of the...
View ArticleUPDATE 1-Brazil hints at rate hikes to curb currency pass-through
* Central bank says weak real may stoke short term inflation * Policymakers vow to limit impact of weaker real on prices * Minutes point to relevant risks to timid economic recovery By Alonso Soto...
View ArticleUPDATE 1-Venezuelan central bank sells $215 mln at currency auction
By Eyanir Chinea CARACAS, July 17 (Reuters) - Venezuela's central bank said on Wednesday it sold $215.3 million at an auction of its revamped currency exchange system that closed this week, and...
View ArticleBrazil central bank sells all currency swaps offered at auction
RIO DE JANEIRO, July 18 (Reuters) - Brazil's central bank said on Thursday it sold all of the...
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