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China launches CIPS, its global payment system
(9 October 2015 – China) The People’s Bank of China (PBoC) has selected 19 banks to participate in the launch of its global payment system. The move is […]
(9 October 2015 – China) The People’s Bank of China (PBoC) has selected 19 banks to participate in the launch of its global payment system. The move is […]
(7 October 2015 – Australia) Following the Reserve Bank of Australia’s (RBA) decision to leave the overnight cash rate (OCR) untouched, the Australian dollar enjoyed a jumped to […]
(7 October 2015 – Hong Kong) Global transactional services organisation, SWIFT, has this week announced that China's yuan overtook the Japanese Yen, becoming the fourth most-used world payment […]
(3 September 2015 – New Zealand) After a significant decline against the US dollar, New Zealand businesses expect a period of stability for the NZD, according to ASB Bank. […]
(2 September 2015 – China) People’s Bank of China (PBOC) will tighten rules on trading currency forwards from October 15. The move aims to reduce growing depreciation pressure […]
Small business Australian businesses may have a more sophisticated approach to hedging currency risk compared with their global equivalents, but they are more spooked by foreign exchange fluctuations. […]
(24 August 2015 – China) The People’s Bank of China (PBoC) provided even more liquidity providing RMB110 billion (A$23.11 billion) to 14 lenders on 19 August. The six-month Medium-term […]
Survey shows an increase of more than 10% in FX forwards usage while micro-businesses are establishing hedging policies for the first time New Zealand-based small businesses have upped […]
East & Partners says non-banks such as Western Union & American Express are making inroads into the smaller end of the NZ forex market. Interest.co.nz >
(18 August 2015 – Indonesia) Bank Central Asia (BCA) president director Jahja Setiaatmadja said Indonesia’s third largest bank would be resilient enough to cope with any impact from the […]