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55m
The Economic Times
Rupee jumps to one-month high on strong RBI macro viewfrom Fed chair Janet Yellen. The home currency opened higher at 67.13 from yes
Rupee jumps to one-month high on strong RBI macro view
The Economic Times / Posted 55 minutes ago
from Fed chair Janet Yellen. The home currency opened higher at 67.13 from yesterday's closing value of 67.18 at the Interbank Foreign Exchange (forex) market and continued its ascend to close with a solid 16 paise gain, or 0.24 per cent at... Read more
6 related stories
5h
AllAfrica.com
Again, Aviation Fuel Shortage Grounds Domestic Flightspolicy. Olawore said efforts were on to bring in supplies at more affordable r
Again, Aviation Fuel Shortage Grounds Domestic Flights
AllAfrica.com / Posted 5 hours ago
policy. Olawore said efforts were on to bring in supplies at more affordable rates with the Federal Government's special intervention to make foreign exchange available at the interbank market rate, but till date, the pledge has not been fulfi... Read more
6h
AllAfrica.com
Forex Market Records Unprecedented Inflow, As Exchange Rate Moderates At N305/$Pressure on foreign exchange rate eased, yesterday, as the interbank market rec
Forex Market Records Unprecedented Inflow, As Exchange Rate Moderates At N305/$
AllAfrica.com / Posted 6 hours ago
Pressure on foreign exchange rate eased, yesterday, as the interbank market recorded an unprecedented inflow of USD327 million with a single transaction of USD270 million by foreign investors. This development drove interbank rate down to N305.5/... Read more
5 related stories
6h
AllAfrica.com
Flour Mills PLC - Good Results, Bad Fundamentalssubdued movement in other input costs. In the absence of substantial weakness
Flour Mills PLC - Good Results, Bad Fundamentals
AllAfrica.com / Posted 6 hours ago
subdued movement in other input costs. In the absence of substantial weakness in foreign exchange rate (mean rates QoQ: interbank: -6.1%, parallel: -7.4%) FMN's cost control initiatives resulted in a slower rise in cost of goods sold, COGS,... Read more
6h
AllAfrica.com
Forex Market Hits Record $327 Million Trade in One Daybetween N35 billion to N45 billion from each of the bonds. At the end of the y
Forex Market Hits Record $327 Million Trade in One Day
AllAfrica.com / Posted 6 hours ago
between N35 billion to N45 billion from each of the bonds. At the end of the yesterday's trading, the naira firmed at the interbank market to N315.50 per dollar, although weaker than N314.95 to the dollar which it closed on Friday. The gap between... Read more
5 related stories
7h
AllAfrica.com
Banks Turn Away Borrowers to Avert Bad Loansand it was driven by increased interest income from the sale of government secu
Banks Turn Away Borrowers to Avert Bad Loans
AllAfrica.com / Posted 7 hours ago
and it was driven by increased interest income from the sale of government securities, lending to other banks through the interbank market and then higher yields on loans to customers. However, the bank was also able to increase its income in the... Read more
8h
New Kerala
Chinese yuan strengthens - newkerala.com #111560parity rate each trading day, Xinhua news agency reported. The central parity
Chinese yuan strengthens - newkerala.com #111560
New Kerala / Posted 8 hours ago
parity rate each trading day, Xinhua news agency reported. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each busi... Read more
1d
AllAfrica.com
Naira Slides Against the Dollarwith prices hitting the 360 level on the parallel markets following the persist
Naira Slides Against the Dollar
AllAfrica.com / Posted yesterday
with prices hitting the 360 level on the parallel markets following the persistent supply shortages of the Dollar in the interbank market. This depreciation was complimented with the incessant declines in oil prices and declining production from... Read more
1d
The Economic Times
Moody's warns China's smaller lenders are a systemic risk to bank sectorThe most liquid assets of these banks are held largely as interbank assets, so
Moody's warns China's smaller lenders are a systemic risk to bank sector
The Economic Times / Posted yesterday
The most liquid assets of these banks are held largely as interbank assets, so they would need to withdraw funds from other banks to meet their own funding needs, which could in turn cause contagion, Moody's said in a report. "With an increasingly... Read more
1d
The Globe and Mail
Moody’s warns China’s smaller lenders are a systemic risk to bank sectorChina’s banking system faces a systemic risk from a significantly increased rel
Moody’s warns China’s smaller lenders are a systemic risk to bank sector
The Globe and Mail / Posted yesterday
China’s banking system faces a systemic risk from a significantly increased reliance by small and mid-tier lenders on interbank funding, top credit rating agency Moody’s Investors Service warned on Monday. The most liquid assets of these banks are... Read more
1d
AllAfrica.com
Again, CBN Meets Bank CEOs Today, Considers All Optionsparallel market to a record low of N412 to the dollar on Friday, as against the
Again, CBN Meets Bank CEOs Today, Considers All Options
AllAfrica.com / Posted yesterday
parallel market to a record low of N412 to the dollar on Friday, as against the N397 to the dollar the week before. On the interbank forex market, the naira also closed at N314.95 to the dollar on Friday, reflecting the huge gap between the... Read more
5 related stories
1d
Zero Hedge
Why The Fed Will Never Reduce Its $4.5 Trillion Balance Sheet Againtheir Eurodollar transactions with deposits held at correspondent money center
Why The Fed Will Never Reduce Its $4.5 Trillion Balance Sheet Again
Zero Hedge / Posted yesterday
their Eurodollar transactions with deposits held at correspondent money center banks in New York. Under the new rules, interbank deposits do not count as HQLA, and foreign banks are increasingly settling Eurodollar transactions with reserve... Read more
2d
Belfast Telegraph
London 'risks losing Chinese finance status' if Hinkley bid rejectedfor 6.5% of all renminbi transactions as of July 2016, according to figures rel
London 'risks losing Chinese finance status' if Hinkley bid rejected
Belfast Telegraph / Posted 2 days ago
for 6.5% of all renminbi transactions as of July 2016, according to figures released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). It could affect London's share of renminbi-denominated bonds too, Mr Liu... Read more
2d
Newsmax
Economist Ricardo Reis: Fed Could Use Reserves Payments to Stimulate US Economywhich some critics view as a giveaway to banks. The central bank uses that rate
Economist Ricardo Reis: Fed Could Use Reserves Payments to Stimulate US Economy
Newsmax / Posted 2 days ago
which some critics view as a giveaway to banks. The central bank uses that rate as a way to keep the rates for overnight interbank borrowing from going beyond its target range, relying on reverse repo operations to set the floor. But under... Read more
4 related stories
2d
The Hill
Barney Frank to Fed: Don’t raise rates before electionones in its decision to postpone a rate increase until December or later. He p
Barney Frank to Fed: Don’t raise rates before election
The Hill / Posted 2 days ago
ones in its decision to postpone a rate increase until December or later. He pointed to the rising Libor rate — the London Interbank Offer Rate — which makes borrowing more expensive for financial institutions that don’t have access to Fed funds to... Read more
2d
Fortune
Fed Could Use Reserves Payments to Stimulate U.S. Economywhich some critics view as a giveaway to banks. The central bank uses that rate
Fed Could Use Reserves Payments to Stimulate U.S. Economy
Fortune / Posted 2 days ago
which some critics view as a giveaway to banks. The central bank uses that rate as a way to keep the rates for overnight interbank borrowing from going beyond its target range, relying on reverse repo operations to set the floor. But under... Read more
4 related stories
2d
Channel NewsAsia
Fed could use reserves payments to stimulate US economy: paperwhich some critics view as a giveaway to banks. The central bank uses that rate
Fed could use reserves payments to stimulate US economy: paper
Channel NewsAsia / Posted 2 days ago
which some critics view as a giveaway to banks. The central bank uses that rate as a way to keep the rates for overnight interbank borrowing from going beyond its target range, relying on reverse repo operations to set the floor. But under... Read more
4 related stories
2d
Reuters
Fed could use reserves payments to stimulate U.S. economywhich some critics view as a giveaway to banks. The central bank uses that rate
Fed could use reserves payments to stimulate U.S. economy
Reuters / Posted 2 days ago
which some critics view as a giveaway to banks. The central bank uses that rate as a way to keep the rates for overnight interbank borrowing from going beyond its target range, relying on reverse repo operations to set the floor. But under... Read more
4 related stories
3d
Business Standard India
Firms coming into repo market would hit banks' Casa sourceissued to them by the Government of India. “This will help improve liquidity b
Firms coming into repo market would hit banks' Casa source
Business Standard India / Posted 3 days ago
issued to them by the Government of India. “This will help improve liquidity by adding an additional source of fund in the interbank market. Besides, this is good for the firms’ treasury management, as they can decide much more effectively what to... Read more
23 related stories
4d
The Hindu
Rupee ends flat at 67.06 ; US Fed speech in focussaid. The domestic currency opened modestly higher at 67.02 a dollar compared
Rupee ends flat at 67.06 ; US Fed speech in focus
The Hindu / Posted 4 days ago
said. The domestic currency opened modestly higher at 67.02 a dollar compared to Thursday’s closing level of 67.05 at the Interbank Foreign Exchange (Forex) market and struggled to make any headway. It largely traded in a very tight range of... Read more
13 related stories
4d
Business Standard India
Firms coming into repo market could hit bank CASAissued to them by the Government of India. "This will help improve liquidity b
Firms coming into repo market could hit bank CASA
Business Standard India / Posted 4 days ago
issued to them by the Government of India. "This will help improve liquidity by adding an additional source of fund in the interbank market. Besides, this is good for the firms' treasury management as they can decide much more effectively what to... Read more
23 related stories
4d
AllAfrica.com
Banks' CEOs Intervene On Ban of Nine Banks From Forex TradingAccount (TSA). It enforced the sanction by not selling dollars to the financia
Banks' CEOs Intervene On Ban of Nine Banks From Forex Trading
AllAfrica.com / Posted 4 days ago
Account (TSA). It enforced the sanction by not selling dollars to the financial institutions when it intervened on the interbank foreign exchange market on Wednesday. The affected banks were: the United Bank for Africa (UBA) Plc - $530... Read more
9 related stories
4d
AllAfrica.com
More Pressures On Naira, Depreciates to N410/$to N410/ USD1, a whopping N8 loss in the parallel market as apprehension contin
More Pressures On Naira, Depreciates to N410/$
AllAfrica.com / Posted 4 days ago
to N410/ USD1, a whopping N8 loss in the parallel market as apprehension continued over the banning of some banks from the interbank foreign exchange market. The currency also dipped further at the interbank market closing at N316.8/ USD1 as... Read more
4d
Zero Hedge
With Janet Yellen Just Hours Away, Directionless Markets Wait For A Signal(+0.1%) was underpinned by better than expected earnings including Big-4 China
With Janet Yellen Just Hours Away, Directionless Markets Wait For A Signal
Zero Hedge / Posted 4 days ago
(+0.1%) was underpinned by better than expected earnings including Big-4 China Construction Bank and the largest weekly interbank liquidity injection in nearly 3-months. 10yr JGBs tracked T-notes lower despite the cautious tone in Japanese... Read more
4 related stories
4d
AllAfrica.com
Naira Hits New Low As Forex Crisis Worsensexchanged naira at 395 to a dollar, but a day after, it depreciated by about 1.
Naira Hits New Low As Forex Crisis Worsens
AllAfrica.com / Posted 4 days ago
exchanged naira at 395 to a dollar, but a day after, it depreciated by about 1.8 percent against the greenback. At the interbank market, the naira went from 305 on Tuesday to 335 to a dollar yesterday. The banks affected and their respective... Read more
9 related stories
5d
The Hindu
Rupee rebounds 6 paise closes at at 67.05a forex dealer said. The domestic currency opened a tad higher at 67.09 from y
Rupee rebounds 6 paise closes at at 67.05
The Hindu / Posted 5 days ago
a forex dealer said. The domestic currency opened a tad higher at 67.09 from yesterday’s closing value of 67.11 at the Interbank Foreign Exchange (Forex) market. It moved erratically in a range of 67.01 to 67.11 before settling at 67.05,... Read more
13 related stories
5d
Business Standard India
Rupee rebounds 6 paise on calmer dollara forex dealer said. The domestic currency opened a tad higher at 67.09 from y
Rupee rebounds 6 paise on calmer dollar
Business Standard India / Posted 5 days ago
a forex dealer said. The domestic currency opened a tad higher at 67.09 from yesterday's closing value of 67.11 at the Interbank Foreign Exchange (Forex) market. It moved erratically in a range of 67.01 to 67.11 before settling at 67.05,... Read more
5d
AllAfrica.com
Naira Appreciates to N315.93/Dollar As Foreign Investors Take AdvantagePeter Egwuatu With Agency Reports Naira, yesterday, appreciated by 3.52 per ce
Naira Appreciates to N315.93/Dollar As Foreign Investors Take Advantage
AllAfrica.com / Posted 5 days ago
Peter Egwuatu With Agency Reports Naira, yesterday, appreciated by 3.52 per cent to close at N315.93 to a dollar at the interbank market, prompting calls for foreign investors to take advantage of the appreciation. However, the naira suffered a... Read more
5d
AllAfrica.com
Naira Down to N402 At Parallel MarketThe value of the naira yesterday weakened at both the interbank and parallel ma
Naira Down to N402 At Parallel Market
AllAfrica.com / Posted 5 days ago
The value of the naira yesterday weakened at both the interbank and parallel markets as foreign exchange shortage hit the market. The naira which had appreciated To N305 at the interbank market weakened to N315.93 to the dollar at the close of... Read more
5d
AllAfrica.com
Financial Stability Under Threat As Non-Performing Loans Riseemails to their customers to clarify the suspension and how it would affect the
Financial Stability Under Threat As Non-Performing Loans Rise
AllAfrica.com / Posted 5 days ago
emails to their customers to clarify the suspension and how it would affect their bank accounts. The suspensions from the interbank market were imposed after the banks failed to remit $2.1 billion, which is the government's share of dividends from... Read more
9 related stories
5d
AllAfrica.com
TSA - CBN Enforces Sanction, Shuns Nine Banks in Dollar Salesdeposits to the federal government's Treasury Single Account (TSA) by not selli
TSA - CBN Enforces Sanction, Shuns Nine Banks in Dollar Sales
AllAfrica.com / Posted 5 days ago
deposits to the federal government's Treasury Single Account (TSA) by not selling dollars to them when it intervened on the interbank foreign exchange market yesterday. The CBN on Tuesday barred nine banks from participating in the FX market for... Read more
9 related stories
5d
Stamford Advocate
Saudi Arabia is facing a 'squeeze'2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone un
Saudi Arabia is facing a 'squeeze'
Stamford Advocate / Posted 5 days ago
2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone unnoticed amid all of this is that the Saudi Interbank Offered Rate, or Saibor, has nearly tripled — from less than 0.8% to about 2.3% — over the past year and is facing... Read more
3 related stories
5d
Connecticut Post
Saudi Arabia is facing a 'squeeze'2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone un
Saudi Arabia is facing a 'squeeze'
Connecticut Post / Posted 5 days ago
2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone unnoticed amid all of this is that the Saudi Interbank Offered Rate, or Saibor, has nearly tripled — from less than 0.8% to about 2.3% — over the past year and is facing... Read more
3 related stories
5d
AllAfrica.com
Interest Rate Rises Making It Difficult to Repay Loansthe Standing Lending Facility (the interest rate paid by the commercial banks t
Interest Rate Rises Making It Difficult to Repay Loans
AllAfrica.com / Posted 5 days ago
the Standing Lending Facility (the interest rate paid by the commercial banks to the central bank for money borrowed on the Interbank Money Market) has risen seven time. The latest increase was in July, when the Bank of Mozambique increased the rate... Read more
5d
San Francisco Chronicle
Saudi Arabia is facing a 'squeeze'2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone un
Saudi Arabia is facing a 'squeeze'
San Francisco Chronicle / Posted 5 days ago
2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone unnoticed amid all of this is that the Saudi Interbank Offered Rate, or Saibor, has nearly tripled — from less than 0.8% to about 2.3% — over the past year and is facing... Read more
3 related stories
5d
AllAfrica.com
Forex Trade Suspension - Nigerian Bank Executives Meet CBNbank suspended nine lenders from foreign exchange transactions for failing to r
Forex Trade Suspension - Nigerian Bank Executives Meet CBN
AllAfrica.com / Posted 5 days ago
bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government." "The interbank market opened with no deals, until three minutes before the end of the session on Wednesday, when the central bank... Read more
4 related stories
5d
AllAfrica.com
Banks' Sanction Deals Heavy Blow On Naira, Dips Further Against Dollarthe market, the naira traded at N397, N513 and N443 against the dollar, Pound S
Banks' Sanction Deals Heavy Blow On Naira, Dips Further Against Dollar
AllAfrica.com / Posted 5 days ago
the market, the naira traded at N397, N513 and N443 against the dollar, Pound Sterling and the Euro respectively. At the interbank segment of the market, the naira appreciated against the dollar as it closed at N315.93 from N335.25 posted on... Read more
5d
asianage
Rupee recoups 3 paise against dollar in early tradethe US dollar. Mumbai: The rupee recovered by 3 paise to 67.08 against the US
Rupee recoups 3 paise against dollar in early trade
asianage / Posted 5 days ago
the US dollar. Mumbai: The rupee recovered by 3 paise to 67.08 against the US dollar in early trade on August 25 at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Forex dealers said foreign... Read more
13 related stories
5d
The Hindu
Rupee recoups 3 paise against dollar in early tradeThe rupee recovered by 3 paise to 67.08 against the U.S. dollar in early trade
Rupee recoups 3 paise against dollar in early trade
The Hindu / Posted 5 days ago
The rupee recovered by 3 paise to 67.08 against the U.S. dollar in early trade on Thursday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Forex dealers said foreign fund inflows and a higher... Read more
13 related stories
5d
Reuters
U.S. banking regulators focused on cyber security after SWIFT attacksthe regulators also said the U.S. Treasury Department's Office of the Comptroll
U.S. banking regulators focused on cyber security after SWIFT attacks
Reuters / Posted 5 days ago
the regulators also said the U.S. Treasury Department's Office of the Comptroller of the Currency was drafting guidance on interbank messaging and wholesale payment systems. "As part of ongoing supervision activities, the OCC's onsite examination... Read more
5d
Reuters
Nigerian bank executives meet central bank over FX market suspensionlenders from foreign exchange transactions for failing to remit money owed to t
Nigerian bank executives meet central bank over FX market suspension
Reuters / Posted 5 days ago
lenders from foreign exchange transactions for failing to remit money owed to the government. The suspensions from the interbank market were imposed after the banks failed to remit $2.1 billion, the government's share of dividends from... Read more
4 related stories
5d
Channel NewsAsia
US banking regulators focused on cyber security after SWIFT attacksthe regulators also said the U.S. Treasury Department's Office of the Comptroll
US banking regulators focused on cyber security after SWIFT attacks
Channel NewsAsia / Posted 5 days ago
the regulators also said the U.S. Treasury Department's Office of the Comptroller of the Currency was drafting guidance on interbank messaging and wholesale payment systems. "As part of ongoing supervision activities, the OCC's onsite examination... Read more
5d
Reuters
Libor rise, driven by U.S. money market rules, seen topping near 1.0 percentthe Federal Reserve raises interest rates by year-end, market watchers say. Th
Libor rise, driven by U.S. money market rules, seen topping near 1.0 percent
Reuters / Posted 5 days ago
the Federal Reserve raises interest rates by year-end, market watchers say. The jump in three-month London U.S. dollar interbank offered rates (Libor), a benchmark for more than $300 trillion worth of securities around the globe, has stemmed... Read more
5d
Business Insider
Saudi Arabia is facing a 'squeeze'2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone un
Saudi Arabia is facing a 'squeeze'
Business Insider / Posted 5 days ago
2030 plan to end Saudi Arabia's "addiction" to oil. Something that has gone unnoticed amid all of this is that the Saudi Interbank Offered Rate, or Saibor, has nearly tripled — from less than 0.8% to about 2.3% — over the past year and is facing... Read more
3 related stories
6d
The Hindu
Rupee slips 5 paise to close at 67.11extent. The domestic currency resumed substantially lower at 67.14 a dollar co
Rupee slips 5 paise to close at 67.11
The Hindu / Posted 6 days ago
extent. The domestic currency resumed substantially lower at 67.14 a dollar compared to previous close of 67.06 at the Interbank Foreign Exchange (Forex) market and weakened further on bouts of dollar demand from importers and banks. However,... Read more
13 related stories
6d
AllAfrica.com
'Banks Have 31.2 Million Dormant Accounts'Lagos — Statistics by the Nigerian Interbank Settlement Systems (NIBSS) shows t
'Banks Have 31.2 Million Dormant Accounts'
AllAfrica.com / Posted 6 days ago
Lagos — Statistics by the Nigerian Interbank Settlement Systems (NIBSS) shows that the country has a total of 31.2 million bank accounts that are not active in the banking system. According to the data hosted on the website of the NIBSS, there are a... Read more
6d
Channel NewsAsia
Commentary: How Indonesia could boost its tax amnesty programme furtherRepo rate as the benchmark rate, will continue to proceed smoothly. Thus far, t
Commentary: How Indonesia could boost its tax amnesty programme further
Channel NewsAsia / Posted 6 days ago
Repo rate as the benchmark rate, will continue to proceed smoothly. Thus far, that has indeed been the case, with the interbank market rate hugging the new policy rate closely and helping to develop the country’s money market and therefore... Read more
6d
AllAfrica.com
Reserve Bank Sells Over 77 Million Eurosbank placed the amount of Kz 1.6 billion, being: Kz 672.5 billion in Treasury
Reserve Bank Sells Over 77 Million Euros
AllAfrica.com / Posted 6 days ago
bank placed the amount of Kz 1.6 billion, being: Kz 672.5 billion in Treasury Bills in maturities of two years; In the interbank market, the commercial carried out liquidity-providing operations without securities guarantee, in the accumulated... Read more
6d
AllAfrica.com
Moody's Rating Boosts Local Bank Statusbanking and alternative distribution channels. As of end March 2016, Moody's e
Moody's Rating Boosts Local Bank Status
AllAfrica.com / Posted 6 days ago
banking and alternative distribution channels. As of end March 2016, Moody's estimates liquid assets--cash, central bank, interbank balances, and investments-- at around 32 per cent of tangible banking assets, compared to 30 per cent for the... Read more
6d
Sabah Daily Express
M'sia to fully implement pin and pay system by July 1On the e-payment, he said, from January to June 2016, cheques usage had decline
M'sia to fully implement pin and pay system by July 1
Sabah Daily Express / Posted 6 days ago
On the e-payment, he said, from January to June 2016, cheques usage had declined 10 per cent due to the rising usage of Interbank Giro and Instant Interbank Fund Transfer. "IBG and IBFT transactions showed an increased growth of 18 per cent and... Read more
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