Bank of American and Citigroup have agreed to end operations at 1,200 branches in the capital and to close a further 700 branches, the companies announced on Wednesday. The decision comes after Bank of Americans, the country’s second-largest bank, announced last week that it was closing its remaining branches in parts of London. Citi has more than […]
Foreign exchange markets have struggled for years, as investors have fled the global economic downturn.But, since the end of 2015, the S-share of the index has more than doubled to about 1.3% from around 0.5%.That has helped to drive prices higher, even as the S and P have traded below their long-term averages.The S&s has […]
Canada’s Trade Promotion and Investment Agency (TPA) is getting a lot of attention for its new foreign exchange policy.But it’s really not about that at all.Trade Promotion is about promoting exports and helping the economy grow.That’s the central premise behind Trade Promotion, and it’s one of the key pillars of the Trudeau government’s strategy to […]
Japan’s gross domestic product (GDP) in the third quarter of this year was up by 1.3%, or 0.8%, on the same period last year.That’s a 1.6%.That is, it is faster than the 1.1% growth in the first quarter.The pace of economic growth will be boosted by the government’s plan to reduce subsidies and cut interest […]
The Canadian government announced on Thursday it would begin offering foreign exchange programs for students in 2018, a move that comes as the country grapples with a high unemployment rate and a lack of foreign exchange income.The announcement came as Canada continues to grapple with a rising unemployment rate, which has nearly tripled since the […]
Foreign exchange and investment are surging in New York, and investors are buying homes and apartments, but there’s no sign of a housing bubble.Bloomberg Businessweek reported on Tuesday that foreign exchange and interest rates fell last week and have not been higher since March, making it unlikely that a bubble will emerge anytime soon.The benchmark […]
London is bracing for another round of turmoil as the pound plunges further.The Bank of England will issue another warning about the currency this week as it struggles to keep the pound’s value at around $1.60 an ounce, the lowest level since the financial crisis.The move is seen as another warning from the central bank […]
The value of foreign exchange earned by India’s small and medium enterprises (SMEs) rose by over 20% in 2017, and the total earned by small and mid-sized businesses rose by 7.2% in the year to end-March, according to the latest data from the Reserve Bank of India.This was driven by a spike in foreign exchange […]
Disney is set to start allowing passengers to pay for their international travel using their Disney card.The move is part of a broader overhaul Disney plans to roll out over the next year to make traveling abroad more affordable.The company says the change, which goes live in the coming weeks, will allow customers to travel […]
Posted July 01, 2018 09:12:07Forget about the international exchange market.Forget your bank account.There is a growing and untapped market for Philippine foreign exchange.In this post, I will go over the basics of Philippine foreign currency and show you how to invest in Philippine assets in the most accessible way.If you are interested in investing in […]