Brazil's real posted its lowest ever close of 4.2061 per dollar on Monday, as heavy selling met no resistance from the central bank at a key market level where it had intervened earlier this year. The dollar rose 0.3% to close at 4.2061 reais, a full cent above the previous all-time closing high of 4.1957 reais on Sept. 13 last year, but perhaps more significantly, comfortably above the 4.20 mark.
Brazil's real weakened on Monday beyond 4.20 per dollar, on course for its weakest closing level on record, as traders pushed the currency through the key level where the central bank had intervened in August by selling dollars on the spot market.
Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest success story on competitor analysis solution. This success story highlights how Infinitis competitor analysis engagement helped a company in the banking sector to improve their financial performance and gain a leading edge in the market. This press release features multimedia.
Zimbabwe's central bank cut its main lending rate to 35% from 70% effective Wednesday after a meeting of the monetary policy committee, which said the inflation outlook was positive despite a recent spike in prices. The month-on-month inflation rate soared to a four-month high of 38.75% in October from 17.7% the previous month, propelled by a surge in the prices of food and alcoholic beverages.
Powerful New Tools for Commercial Banks: Data Analytics that Pinpoint Share of Wallet Opportunities and Revenue At-Risk Greenwich Associates is bringing a new weapon to the battle for market share in commercial bankinganalytics platforms that include data from thousands of companies in the U.S. about the banks they use, the banking products they purchase, the products they are most likely to u...
* Lebanon's Berri says country a sinking ship. * Hezbollah expects "political understandings" on new gov't. * Bank employees end strike, banks to reopen on Tuesday.
The Association of Banks in Lebanon agreed a set of temporary directives for commercial banks including a $1,000 cap on weekly withdrawals from U.S. dollar accounts, the association said on Sunday, amid a worsening economic and political crisis.
Lebanon's banking association agreed a set of temporary directives for commercial banks that include a $1,000 cap on weekly withdrawals from U.S. dollar accounts, the association said on Sunday. The directives also include allowing hard currency transfers abroad only in order to cover urgent personal spending, a statement by the association said.
* No clear candidate for PM after Safadi withdrawal. * New cabinet needed to enact urgent reforms. * Banks' strike will continue on Monday - union. By Laila Bassam and Tom Perry.
JPMorgan CEO tells' 60 Minutes' that income inequality is a big problem, but shrinking his pay isn't the answer. While many investors may worry about the effects that the U.S.-China trade war, Brexit and Middle East tensions are having on the global economy, Jamie Dimon has this advice: Relax. The chairman and chief executive of JPMorgan Chase& Co. told "60 Minutes" on Sunday that today's world is no more unpredictable than it has been in the past, and that in the post-World War II era, only...
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