Posts Tagged ‘bloomberg’

FX Manipulation Causes Reuters to Change Rules

by Christopher Lemieuxon June 30, 2014 6:58 pm BST
It has been just over a year since global regulators, from the UK to Switzerland and the US, probe the barely regulated foreign exchange market over charges of manipulation and collusion. The presence of regulators is causing high profile financial institutions to change how they conduct their trading practices. Bloomberg News reported last June that traders at […]

More Defaults in China Are Likely; Banks Meet Liquidity Requirements

by Christopher Lemieuxon April 4, 2014 6:48 am BST
There is still a high probability of more defaults within China, according to Alfred Schipke, the International Monetary Fund (IMF) senior rep. for China. There is still growing concern over the enormous debts, both at local and federal levels. The People’s Bank of China (PBOC) is aiming to restrict the amount of easy money available […]

Chinese Central Planners to Determine Growth Target

by Christopher Lemieuxon March 3, 2014 12:50 pm BST
The central planners of China will announce the new growth target at this week’s meeting of the National People’s Congress. President Xi Jinping will determine, given the current economic slowdown, whether or not last year’s forecast of 7.5 percent growth expansion is appropriate. Economist expectations range from seven to 7.5 percent in 2014. According to […]

Say it Ain’t So: BoE Encouraged Currency Manipulation

by Christopher Lemieuxon February 7, 2014 4:38 pm BST
Last summer, Bloomberg news broke information stating that traders from the world’s largest financial institutions were taking part in manipulation of the foreign-exchange markets. Currency traders were sharing client orders and information to other traders, in some cases independent traders, through instant message features on trading terminals, such as Bloomberg’s own trading terminal. Evidence indicates […]