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.
The US$1.2trn US loan market has been slow to adopt to a new lending benchmark as the London Interbank Offered Rate is set to be phased out in two years, but a US trade group is offering investors a way forward with a new sample credit agreement. Libor, which trillions of dollars of investments are pegged to, is set to be retired by the end of 2021.
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.
Federal National Mortgage Association : * FANNIE MAE (FNMA) - LOOKING AHEAD TO 2020, EFFECTS FROM BUDGET ACT, TEMPORARY REPRIEVE FROM TRADE TENSIONS SHOULD HELP PROPEL GROWTH IN EARLY PART OF YEAR.
WASHINGTON, Nov. 18, 2019 Expected easing trade tensions, stimulative fiscal policies, and continued consumer spending contributed to an upgraded 2020 forecast for real GDP growth of 1.9 percent, according to the latest commentary from the Fannie Mae Economic and Strategic Research Group.
Banks in Lebanon will reopen on Tuesday after a week-long closure, local broadcaster LBCI reported on Monday, following a bank employee union's revision of new security measures. Lebanese banks have been closed since Nov. 12 because of a strike that the bank employees' federation said was over security concerns by staff facing intimidation from clients demanding their money.
The Rohatyn Group, a specialized asset management firm focused on emerging markets, today announced that it has acquired an Alternative Emerging Markets multi-manager business that allocates capital to a select group of emerging and frontier market investment managers. The AEM business presents a strong strategic fit with TRGs focus on structural inefficiencies and special opportunities.
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...
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